Nonprofit · EIN 25-1589088
THE HOME FOUNDATION
Tax-exempt · STATE COLLEGE, PA 16804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2026 | 990 | $593,370 | $767,084 | -$173,714 | $3,337,513 | $444,189 | $2,893,324 |
| January 31, 2025 | 990 | $842,009 | $554,825 | $287,184 | $3,624,297 | $557,259 | $3,067,038 |
| January 31, 2024 | 990 | $706,017 | $494,460 | $211,557 | $3,330,136 | $550,282 | $2,779,854 |
Financial details: 990 for the year ended January 31, 2026
Revenue
- Contributions, gifts and grants
- $324,488
- of which government grants
- $324,488
- Program service revenue
- $268,882
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $132,423
- Salaries, compensation and benefits (total)
- $154,220
- Professional fundraising fees
- $0
- Accounting fees
- $13,346
- Travel
- $1,816
- Depreciation
- $88,852
- Program services (functional)
- $693,682
- Management and general (functional)
- $73,402
Balance sheet and other
- Total assets, start of year
- $3,624,297
- Total assets, end of year
- $3,337,513
- Total liabilities, end of year
- $444,189
- Net assets, end of year
- $2,893,324
- Land, buildings and equipment
- $2,728,949
- Net assets without donor restrictions
- $2,893,324
- Gross receipts
- $593,370
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1988
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended January 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORGAN WASIKONIS | EXECUTIVE DIRECTOR Officer | 20 | $0 |
| JAN BRADLEY | FINANCE MANAGER Officer | 20 | $0 |
| LORI FRANCIS | PRESIDENT (AS OF 2/1/2025) Trustee or director, Officer | 5 | $0 |
| ANDREW MAGUIRE | PRESIDENT (UNTIL 1/31/2025) Trustee or director, Officer | 5 | $0 |
| RENEE STEFFENSMEIER | VICE PRESIDENT (UNTIL 1/31/2025) Trustee or director, Officer | 5 | $0 |
| LORI BELKO | TREASURER (AS OF 2/1/2025) Trustee or director, Officer | 5 | $0 |
| TOM MINCEMOYER | TREASURER (UNTIL 1/31/25) Trustee or director, Officer | 5 | $0 |
| BARRETT LEE | BOARD MEMBER Trustee or director | 5 | $0 |
| ELIZABETH SIEGELMAN | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFF MARTIN | BOARD MEMBER Trustee or director | 5 | $0 |
| LETICIA BULLOCK | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended January 31, 2025: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORGAN WASIKONIS | EXECUTIVE DIRECTOR Officer | 20 | $35,576 |
| ANDREW MAGUIRE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| RENEE STEFFENSMEIER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| LORI BELKO | SECRETARY Trustee or director, Officer | 5 | $0 |
| TOM MINCEMOYER | TREASURER Trustee or director | 5 | $0 |
| BARRETT LEE | BOARD MEMBER Trustee or director | 5 | $0 |
| LORI FRANCIS | BOARD MEMBER Trustee or director | 5 | $0 |
| BLAIR MALCOM | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFF MARTIN | BOARD MEMBER Trustee or director | 5 | $0 |
| TERRY MELTON | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended January 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORGAN WASIKONIS | EXECUTIVE DIRECTOR Officer | 20 | $36,421 |
| ANDREW MAGUIRE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| RENEE STEFFENSMEIER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| LORI BELKO | SECRETARY Trustee or director, Officer | 5 | $0 |
| TOM MINCEMOYER | TREASURER Trustee or director | 5 | $0 |
| BARRETT LEE | BOARD MEMBER Trustee or director | 5 | $0 |
| LORI FRANCIS | BOARD MEMBER Trustee or director | 5 | $0 |
| BLAIR MALCOM | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFF MARTIN | BOARD MEMBER Trustee or director | 5 | $0 |
| TERRY MELTON | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 857, STATE COLLEGE, PA 16804-0857
- Principal officer (990 for 2025)
- MORGAN WASIKONIS, PO BOX 857, STATE COLLEGE, PA 168040857
- Signed the 990
- MORGAN WASIKONIS, EXECUTIVE DIRECTOR
- Phone
- (814) 237-4863
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- 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.Expenses $693,682 · revenue $268,882
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | 990 on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 25-1589088
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,337,513
- Income (IRS master file)
- $593,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2026 | $593,370 | $767,084 | $3,337,513 | XML |
| 990 | January 2025 | $842,009 | $554,825 | $3,624,297 | XML |
| 990 | January 2024 | $706,017 | $494,460 | $3,330,136 | XML |
| 990 | January 2023 | $550,606 | $532,862 | $3,078,011 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2020 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1589088).
Questions about THE HOME FOUNDATION
- What is the EIN of THE HOME FOUNDATION?
- The employer identification number (EIN) of THE HOME FOUNDATION is 25-1589088.
- Is THE HOME FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THE HOME FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE HOME FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE HOME FOUNDATION due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE HOME FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2026.
- Who is the principal officer of THE HOME FOUNDATION?
- The 990 for the year ended January 31, 2026 names MORGAN WASIKONIS.
- Who are the officers and directors of THE HOME FOUNDATION?
- The 990 for the year ended January 31, 2026 lists 11 people; 0 received compensation from the organization.
- How much revenue does THE HOME FOUNDATION have?
- On its 990 for the year ended January 31, 2026 it reported revenue of $593,370, expenses of $767,084 and total assets of $3,337,513 at year end.
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