Audit 45844

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Bridgeway Capital, Inc. (Bridgeway Capital) and its subsidiaries, Bridgeway Development Corporation (BDC), 15CCD Corporation (15CCD), 727 Thompson LLC (727 Thompson) and Monmade, LLC (Monmade), collectively referred to as the Organization, for the year ended September 30, 2022. The information in this Schedule is presented in accordance with the requirements of the Office of Management and Budget (OMB) Uniform Guidance, Audit of States, Local Governments and Nonprofit Organizations. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of the Organization. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. APPALACHIAN AREA DEVELOPMENT (23.002) - Balances outstanding at the end of the audit period were 515478. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 1117072. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 893057. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM (21.014) - Balances outstanding at the end of the audit period were 5911020.