In This Section
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