STATE COLLEGE, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE HOME FOUNDATION, founded in 1988, is a small nonprofit that reported $842K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $287K, a strong 34% operating margin.
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $842,009 | $706,017 | +0.2% |
| Expenses | $554,825 | $494,460 | +0.1% |
| Net Income | $287,184 | $211,557 | +0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREW MAGUIRE | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RENEE STEFFENSMEIER | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORI BELKO | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM MINCEMOYER | TREASURER | 5.00 |
Director
|
$0 | $0 | $0 |
| BARRETT LEE | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| LORI FRANCIS | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| BLAIR MALCOM | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| JEFF MARTIN | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| TERRY MELTON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| MORGAN WASIKONIS | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$35,576 | $0 | $35,576 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $842,009 | $554,825 | $3,624,297 | $287,184 |
| 2024 | $706,017 | $494,460 | $3,330,136 | $211,557 |
| 2023 | $550,606 | $532,862 | $3,078,011 | $17,744 |
| 2022 | $467,233 | $603,643 | $3,109,476 | $-136,410 |
| 2021 | $2,042,617 | $624,377 | $3,223,501 | $1,418,240 |
| 2020 | $306,100 | $311,755 | $1,840,079 | $-5,655 |
| 2019 | $871,639 | $628,488 | $1,823,608 | $243,151 |
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