2026-07-24T11:04:07-05:00 2026-01-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2025-02-01 251589088 THE HOME FOUNDATION HOME 8142374863 PO BOX 857 STATE COLLEGE PA 168040857 MORGAN WASIKONIS EXECUTIVE DIRECTOR 8142374863 2026-07-13 1 KERRI N BOGDA P00760402 7177404863 2026-07-13 2025 2025-03-06 01:10:19Z MORGAN WASIKONIS PO BOX 857 STATE COLLEGE PA 168040857 593370 0 X N/A X 1988 PA DEVELOPING AFFORDABLE HOUSING OPPORTUNITIES IN CENTRE COUNTY. 6 6 0 6 0 0 648395 324488 270599 268882 0 0 -76985 0 842009 593370 0 0 0 0 193861 154220 0 0 0 360964 612864 554825 767084 287184 -173714 3624297 3337513 557259 444189 3067038 2893324 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 693682 0 268882 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, PRE-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 SOLD ITS 36TH HOME TO A FIRST TIME HOMEBUYER IN FY25. THF HAS ALSO DEVELOPED A SMALL PORTFOLIO OF AFFORDABLE RENTAL PROPERTIES IN THE BOROUGH. AT THE CLOSE OF THE FISCAL YEAR THAT ENDED JANUARY 30, 2026, THF, IN COLLABORATION WITH THE STATE COLLEGE COMMUNITY LAND TRUST, HAD NEARLY COMPLETED THE OLD BOALSBURG ROAD FLATS. THE FLATS WERE A NEW CONSTRUCTION OF A HIGHLY ENERGY EFFICIENT HOME FEATURING A ONE-BEDROOM RENTAL UNIT ON THE FIRST FLOOR THAT IS ADA-B COMPLIANT AND A REGULAR ONE-BEDROOM UNIT ON THE TOP FLOOR. BOTH UNITS ACCEPT HOUSEHOLDS WITH INCOMES BELOW AN AREA MEDIAN INCOME OF 50%. THF WILL OWN AND MANAGE THE UNITS WHILE PAYING A LAND LEASE TO THE STATE COLLEGE COMMUNITY LAND TRUST WHO OWNS THE LAND.THF ALSO MAINTAINS AN ECHO COTTAGE. ECHO STANDS FOR ELDERLY COTTAGE HOUSING OPPORTUNITY. THIS PROJECT WAS MADE POSSIBLE BY A GRANT ISSUED IN 2021 AND THE FIRST COTTAGE WAS PLACED IN NOVEMBER 2025 NEAR A HOST HOME WHO IS A FAMILY MEMBER. THE GENTLEMAN WHO LIVES IN IT PAYS 20% OF HIS INCOME FOR RENT AND THF RETAINS OWNERSHIP AND RESPONSIBILITY FOR THE HOME. 693682 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 6 6 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 X MORGAN WASIKONIS EXECUTIVE DIRECTOR 20.00 X 0 0 0 JAN BRADLEY FINANCE MANAGER 20.00 X 0 0 0 LORI FRANCIS PRESIDENT (AS OF 2/1/2025) 5.00 X X 0 0 0 ANDREW MAGUIRE PRESIDENT (UNTIL 1/31/2025) 5.00 X X 0 0 0 RENEE STEFFENSMEIER VICE PRESIDENT (UNTIL 1/31/2025) 5.00 X X 0 0 0 LORI BELKO TREASURER (AS OF 2/1/2025) 5.00 X X 0 0 0 TOM MINCEMOYER TREASURER (UNTIL 1/31/25) 5.00 X X 0 0 0 BARRETT LEE BOARD MEMBER 5.00 X 0 0 0 ELIZABETH SIEGELMAN BOARD MEMBER 5.00 X 0 0 0 JEFF MARTIN BOARD MEMBER 5.00 X 0 0 0 LETICIA BULLOCK BOARD MEMBER 5.00 X 0 0 0 0 0 0 0 0 0 0 0 324488 324488 RENTAL INCOME 531110 268882 268882 268882 593370 268882 0 0 X 132423 132423 9915 9915 11882 11882 93482 85507 7975 13346 13346 2912 2766 146 18054 17151 903 1816 1816 18427 18427 88852 88852 1991 1991 OPERATING EXPENSES 121849 70817 51032 CONTRIBUTED PROPERTY 83125 83125 RENTAL EXPENSES 71660 71660 REPAIRS 67064 67064 30286 30286 767084 693682 73402 0 -2 0 379126 300066 28810 0 42054 28498 3539775 810826 2659309 2728949 515000 280000 3624297 3337513 0 104 120000 30000 428137 404260 9122 9825 557259 444189 X 3067038 2893324 3067038 2893324 3624297 3337513 -173714 0 X 0 1 X 0 0 X 95220 252741 476366 638395 324488 1787210 95220 252741 476366 638395 324488 1787210 1787210 1856 1856 1789066 1312155 0.99900 0.99480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2023 AMOUNT: $ 56. REIMBURSEMENTS - 2023 AMOUNT: $ 1,800. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120000 120000 3419775 810826 2608949 2728949 PROPERTY HELD FOR SALE 280000 280000 SECURITY DEPOSITS 9825 9825 X 593370 0 593370 0 593370 767084 0 767084 0 767084 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 2026 AND 2025. 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.