Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Greenville Elderly Housing, Inc. under programs of the federal government as of and for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of Greenville Elderly Housing, Inc.
Greenville Elderly Housing, Inc. has received a loan under the Section 223(f) Loan program. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The loan balance as of June 30, 2025 was $2,085,191.
There were no awards passed through to subrecipients during the year ended June 30, 2025.