Save Supportive Housing Inc

“Interest income 49”

“Interest 416”

“Depreciation 6,660”

“Other renting expenses 426”

“Management company parent reimbursed compensation, taxes, and benefits 26,037”

“Mileage reimbursements 80”

“Insurance 11,130”

“Licenses 220”

“We changed the presetation of a long-term liability, which if complied with the liability will be forgiven. In prior years the liabilility was presented as equity - as if it was forgiven. Since this has not occured, equity was reduced by the amount of the liability. -207,574”

“TENANT RECEIVABLE Beginning of year 568, End of year 138”

“ACCOUNTS RECEIVABLE Beginning of year 6,821, End of year 6,004”

“ACCOUNTS PAYABLE Beginning of year 290, End of year 0”

“REFUNDABLE DEPOSIT Beginning of year 3,350, End of year 3,650”

“PAYABLE TO AFFILIATE Beginning of year 240,983, End of year 306,654”

“NOTE PAYABLE Beginning of year 44,913, End of year 37,610”

“CAPITAL ADVANCE Beginning of year 0, End of year 207,574”

“The organization participates in HUDs Section 811 Supportive Housing Program. As required by GAAP, capital advances provided by HUD are recorded as a long-term liability. These non-interest-bearing advances do not require repayment so long as the organization complies with HUD use restrictions over a 40-year period. The resulting negative net asset position is not indicative of short-term liquidity but reflects the accounting treatment of the HUD capital advance under GAAP. The company expects to continue complying with HUD use restrictions going forward. In prior years, the HUD capital advance liability was presented as equity - as if the 40-year use restrictions had been met and the loan had been forgiven. Since this has not occurred, equity was reduced by the amount of the liability as of June 30, 2024.”