In This Section
The Housing and Opportunity Foundation of Kern (HOFK) has completed another successful year and maintained a stable financial position. Attached are the Audited Financial Report.
In summary:
|
Category |
FY 2023 |
FY 2024 |
|
Cash |
$437,465 |
$298,105 |
|
Investments |
$0 |
$146,338 |
|
Accounts Receivable |
$0 |
$1,066 |
|
In-Kind |
$139,105 |
$148,479 |
|
Total Financial Assets |
$437,465 |
$445,559 |
The Foundation continued to grow services, activities, and community engagement during the last fiscal year. Some of the programs and services the Foundation was able to support included:
- College scholarships were presented to 25 recipients ranging from $250 to $2,000
- Over 70 families, vendors, and community members attended the annual Building Hope Conference where they learned about college access, credit building, and first-time homeownership.
- Over 400 families participated in financial literacy worships to include Budgeting Classes, Credit Repair, First-Time Homebuyer, Resume Writing, and Interview Skill Budling.
- Approximately 800 Seniors participated in social activities such as food distribution, coffee socials, bingo, and art classes.
- 170 Children participated in youth programs including homework club, STEAM Competitions, Back-to-School Clothing and Backpack Drive.
- 80 Children received tablets to connect them to educational opportunities
- Jessica’s Christmas provided assistance with food and gifts to 250 families.
- Provided six Helping Hands grants to families preventing their utilities from being disconnected.