2024-10-22T10:54:22-05:00 2024-01-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-02-01 251589088 THE HOME FOUNDATION HOME 8142374863 PO BOX 857 STATE COLLEGE PA 168040857 MORGAN WASIKONIS EXECUTIVE DIRECTOR 8142374863 2024-10-21 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-10-21 2023 2024-10-15 13:58:12Z MORGAN WASIKONIS PO BOX 857 STATE COLLEGE PA 168040857 706017 0 X N/A X 1988 PA DEVELOPING AFFORDABLE HOUSING OPPORTUNITIES IN CENTRE COUNTY. 9 9 0 9 0 0 252741 476366 297865 227795 0 0 0 1856 550606 706017 0 0 0 0 0 53115 0 0 0 532862 441345 532862 494460 17744 211557 3078011 3330136 509714 550282 2568297 2779854 X THE MISSION OF TEMPORARY HOUSING FOUNDATION, NOW THE HOME FOUNDATION, IS CREATING AFFORDABLE HOUSING SOLUTIONS IN CENTRE COUNTY. OUR VISION IS A SECURE AND AFFORDABLE PLACE TO LIVE FOR EVERYONE IN CENTRE COUNTY. 0 0 437290 0 227795 THE HOME FOUNDATION ACCOMPLISHES ITS MISSION THROUGH A VARIETY OF ACTIVITIES. IN APRIL OF 2020, THF BECAME A HUD CERTIFIED HOUSING COUNSELING AGENCY, THE ONLY ONE IN CENTRE COUNTY. THE GOAL OF HOUSING COUNSELING IS TO PROVIDE HOUSING STABILITY COUNSELING, PRE-PURCHASE HOMEBUYER EDUCATION AND BUDGET COUNSELING, CLOSING COUNSELING, POST-PURCHASE COUNSELING, FORECLOSURE PREVENTION AND REFERRAL FOR MORTGAGE ASSISTANCE. THF HAS BEEN PROVIDING FIRST TIME HOME BUYER SERVICES SINCE 1999 BUT WAS LARGELY LIMITED TO THE BOROUGH OF STATE COLLEGE. SINCE APRIL 2020, THE SERVICES HAVE BEEN EXPANDING THROUGHOUT THE COUNTY.IN ADDITION, THF ACQUIRES, REHABILITATES AND SELLS HOMES TO FIRST TIME HOME BUYERS IN THE BOROUGH OF STATE COLLEGE. THF HAS ALSO DEVELOPED A SMALL PORTFOLIO OF AFFORDABLE RENTAL PROPERTIES IN THE BOROUGH. THROUGHOUT 2023, THF LEASED UP ITS NEWEST PROPERTY, THE EIGHT UNITS AT OLD BOALSBURG ROAD TOWNHOMES. THE PROJECT WAS COMPLETED IN CLOSE COLLABORATION WITH THE BOROUGH AND THE STATE COLLEGE COMMUNITY LAND TRUST IN JANUARY OF 2023. 437290 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 0 0 0 PA X MORGAN WASIKONIS EXECUTIVE DIRECTOR 8142374863 PO BOX 857 STATE COLLEGE PA 16804 ANDREW MAGUIRE PRESIDENT 5.00 X X 0 0 0 RENEE STEFFENSMEIER VICE PRESIDENT 5.00 X X 0 0 0 LORI BELKO SECRETARY 5.00 X X 0 0 0 TOM MINCEMOYER TREASURER 5.00 X 0 0 0 BARRETT LEE BOARD MEMBER 5.00 X 0 0 0 LORI FRANCIS BOARD MEMBER 5.00 X 0 0 0 BLAIR MALCOM BOARD MEMBER 5.00 X 0 0 0 JEFF MARTIN BOARD MEMBER 5.00 X 0 0 0 TERRY MELTON BOARD MEMBER 5.00 X 0 0 0 MORGAN WASIKONIS EXECUTIVE DIRECTOR 20.00 X 36421 0 0 36421 0 0 0 0 0 0 0 476366 476366 RENTAL INCOME 531110 227795 227795 227795 REIMBURSEMENTS 900099 1800 1800 MISCELLANEOUS INCOME 900099 56 56 1856 706017 227795 0 1856 36421 36421 16694 16694 120184 112354 7830 11340 11340 378 359 19 16674 16674 3156 2998 158 20337 20337 87530 87530 2021 1920 101 ADMIN/OVERHEAD EXPENSES 80344 80344 RENTAL EXPENSE 60827 57786 3041 REPAIRS AND RENOVATIONS 20924 19878 1046 COST OF HOMES SOLD 9464 9464 8166 7899 267 494460 437290 57170 0 220896 222657 56001 30992 43762 3385406 642690 2826123 2742716 0 265000 3078011 3330136 27771 13803 15252 80000 466691 448814 0 7665 509714 550282 X 2568297 2779854 2568297 2779854 3078011 3330136 211557 0 X 0 1 X 1 0 X 149000 1634656 95220 252741 476366 2607983 149000 1634656 95220 252741 476366 2607983 2607983 14488 1856 16344 2624327 1253246 0.99380 0.99440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 14,488. 2023 AMOUNT: $ 56. REIMBURSEMENTS - 2023 AMOUNT: $ 1,800. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120000 120000 3265406 642690 2622716 2742716 PROPERTY HELD FOR SALE 265000 265000 SECURITY DEPOSITS 7665 7665 X 706017 0 706017 0 706017 494460 0 494460 0 494460 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAX AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2024 AND 2023. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION SHALL BE CONFERRED ON INDIVIDUALS OR ORGANIZATIONS WHO CONTRIBUTE AT LEAST ONE HUNDRED DOLLARS TO THE CORPORATION DURING A GIVEN TWELVE-MONTH PERIOD. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND APPROVAL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL BUDGET, QUARTERLY FINANCIAL REPORTS, BOARD APPROVED MINUTES, STRATEGIC PLAN, CONFLICT OF INTEREST POLICY, HUMAN RESOURCE POLICIES AND PROCEDURES, AND OTHER DOCUMENTS RELATED TO THE OPERATION OF THE ORGANIZATION ARE AVAILABLE AT THE MAIN OFFICE UPON REQUEST. FORM 990, PART VII AND IX THE EXECUTIVE DIRECTOR'S AND OVERHEAD ADMIN'S COMPENSATION IS DETERMINED BY HOUSING TRANSITIONS INC. THE HOUSING TRANSITIONS INC INVOICES THE HOME FOUNDATION FOR A PORTION OF THE EXECUTIVE DIRECTOR POSITION AND A PORTION OF THE OVERHEAD AND ADMINISTRATIVE POSITION ON A QUARTERLY BASIS.