Form 990 for tax year 2022
Filed by FIRST STORY.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 19 December 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $4,453,023
- Total expenses
- $2,465,872
- Contributions and grants received
- $2,338,571
- Grants paid
- $281,150
- Program service revenue
- $2,166,954
- Investment income
- $70,021
- Other revenue
- -$122,523
- Total assets, end of year
- $19,966,948
- Total liabilities, end of year
- $36,956
- Net assets or fund balances, end of year
- $19,929,992
- Program services expenses (Part IX)
- $2,228,899
- Management and general expenses
- $162,395
- Fundraising expenses
- $74,578
- Program service expenses (Part III)
- $2,228,899
Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$277,560
-
1d · Related organizations
$1,103,251
-
1f · All other contributions, gifts and grants
$957,760
-
1g · Noncash contributions included above
$376,450
-
2a · Program service revenue: OTHER REAL ESTATE ACT
total $2,166,954 · related or exempt $2,166,954
-
3 · Investment income
total $101,907 · excluded $101,907
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,263,893
-
7b · Less cost or other basis and sales expenses
securities $1,295,779
-
7c · Gain or loss
securities -$31,886
-
7d · Net gain or loss
total -$31,886 · related or exempt -$31,886
-
8a · Fundraising events: gross income
$1,022
-
8a · Fundraising events: contributions included on line 1c
$277,560
-
8b · Fundraising events: direct expenses
$123,545
-
8c · Net income from fundraising events
total -$122,523 · excluded -$122,523
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $281,150 · program services $281,150
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $197,257 · program services $154,012 · management and general $43,245
-
11b · Fees: legal
total $10,266 · management and general $10,266
-
11c · Fees: accounting
total $14,677 · management and general $14,677
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $19,951 · management and general $19,951
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $43,605 · fundraising $43,605
-
13 · Office expenses
total $7,778 · management and general $7,778
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $9,180 · management and general $9,180
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $32,625 · management and general $32,625
-
24a · Other expenses: GRANT HOUSE COSTS
total $1,728,720 · program services $1,728,720
-
24b · Other expenses: COMMUNITY EDUCATION
total $63,576 · program services $63,576
-
24c · Other expenses: COMMUNITY OUTREACH
total $30,973 · fundraising $30,973
-
24d · Other expenses: BANK FEES
total $9,510 · management and general $9,510
-
24e · All other expenses
total $16,604 · program services $1,441 · management and general $15,163
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,038,562 · end of year $1,569,445
-
2 · Savings and temporary cash investments
beginning of year $6,231 · end of year $9,599
-
3 · Pledges and grants receivable
beginning of year $187,124 · end of year $8,209
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $12,439,572 · end of year $14,003,507
-
8 · Inventories for sale or use
beginning of year $784,074 · end of year $597,377
-
9 · Prepaid expenses and deferred charges
beginning of year $37,010 · end of year $40,748
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $3,464,927 · end of year $3,710,049
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $28,428 · end of year $28,014
-
17 · Accounts payable and accrued expenses
beginning of year $42,087 · end of year $36,539
-
19 · Deferred revenue
beginning of year $1,000
-
25 · Other liabilities
end of year $417
-
27 · Net assets without donor restrictions
beginning of year $17,689,881 · end of year $19,670,519
-
28 · Net assets with donor restrictions
beginning of year $252,960 · end of year $259,473
Mission and programs · 2022
Mission
FIRST STORY PROVIDES QUALITY AFFORDABLE HOUSING THROUGH A 30-YEAR, ZERO-INTEREST AND ZERO-DOWN HOME LOAN TO LOWER-INCOME FAMILIES (DEFINED AS BELOW 80% OF AREA MEDIAN INCOME). IN ADDITION, FIRST STORY PROVIDES FINANCIAL SUPPORT TO LOW-INCOME INDIVIDUALS, PERSONS IN NEED AND AT-RISK YOUTH AND FUNDING FOR HOUSING/SHELTER SERVICES, HUNGER RELIEF, EMERGENCY AID, AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATIONS MISSION.
-
PROVIDE ASSISTANCE AND FINANCIAL SUPPORT TO LOW-INCOME FAMILIES,PERSONS IN NEED AND AT-RISK YOUTH, PROVIDE FUNDING FOR HOUSING/SHELTER SERVICES, EMERGENCY RELIEF AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATION'S MISSION.
Expenses $2,228,899 · Grants $281,150
As filed on the 2022 return.
Listed in Part VII
-
George SlapeGEORGE SLAPE
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Levi MeansLEVI MEANS
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Dennis MurphyDENNIS MURPHY
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Tim KnoppTIM KNOPP
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Hayden WatsonHAYDEN WATSON
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Scott KnoxSCOTT KNOX
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Mathew Robinson
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Eric Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Alan StewartALAN STEWART
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Stephanie AlvstadSTEPHANIE ALVSTAD
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Caleb AndersonCALEB ANDERSON
President
- Total calculated
- $0
- Hours/week
- 4
-
Alicia MooreALICIA MOORE
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Claire DuncanCLAIRE DUNCAN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
PUBLIC CHARITY
$281,150
LOW-INCOME ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311889349301611
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