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 2022

FY 2023

Change in net assets

$55,294

$42,668

Net increase in cash

$34,300

$89,723

Functional Expenses

$222,044

$290,941

In-Kind

$126,280

$139,105

Total Financial Assets

$362,596

$437,465

 

Some of the programs and services the Foundation was able to support in FY 2021/2022 included:

  • College scholarships were presented to 27 recipients ranging from $250 to $2,000
  • Over 200 participants attended the first ever Building Hope Conference.
  • Nearly 300 families participated in financial literacy worships to include Budgeting Classes, Credit Repair, First-Time Homebuyer, Resume Writing, and Interview Skill Budling.
  • 200 Seniors participated in social activities such as food distribution, coffee socials, bingo, and art classes.
  • 400 Children participated in youth programs including homework club, STEAM Competitions, Back-to-School Clo9thing and Backpack Drive
  • Opened seven free libraries on the sites of several low income housing developments.
  • Jessica’s Christmas provided assistance with food and gifts to 190 families.
  • Provided three Helping Hands grants to families preventing their utilities from being disconnected.
  • Awarded one small business loan through the Wise Investments Now Program