HOFK Annual Report

The Housing and Opportunity Foundation of Kern (HOFK) has completed another successful year and maintained a stable financial position.  In summary:

 

Category

FY 2021

FY 2022

Change in net assets

$8,801

$42,668

Net increase in cash

$51,599

$34,300

Functional Expenses

$190,300

$222,044

In-Kind

$122,318

$126,280

Total Financial Assets

$322,703

$362,596

 

This year HOFK worked with the Housing Authority’s team to re-establish programs and services that were interrupted during the COVID-19 Pandemic.  Some of the programs and services the Foundation was able to support in FY 2021/2022 included:

  • Providing financial literacy classes to 58 families
  • Providing homeownership and credit counseling classes to 45 families
  • Providing employment readiness classes to 39 families
  • Providing 60 families with food gift cards during Thanksgiving
  • Distributing 124 gifts to families during Christmas
  • Engaging over 200 seniors in meaningful activities
  • Engaging over 400 youth in meaningful activates such as homework club, teen club, and afterschool programs
  • Providing 11 scholarships to college bound students
  • Awarded nearly $9,000 in microloans to entrepreneurs to start their small businesses
  • Awarded 2 families with micro grants through the helping hands programs to address emergency life situations