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Nonprofiteer
← OPERATION FINALLY HOME

Form 990 for tax year 2023

Filed by OPERATION FINALLY HOME.

Totals

Total revenue
$7,323,776
Total expenses
$6,917,806
Contributions and grants received
$6,878,143
Grants paid
$3,480,059
Program service revenue
$0
Investment income
$310,207
Other revenue
$135,426
Total assets, end of year
$6,250,428
Total liabilities, end of year
$831,196
Net assets or fund balances, end of year
$5,419,232
Program services expenses (Part IX)
$4,929,173
Management and general expenses
$414,275
Fundraising expenses
$1,574,358
Program service expenses (Part III)
$4,929,173

Program services were 71.3% 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.

  • 1e · Government grants (contributions)

    $542,401

  • 1f · All other contributions, gifts and grants

    $6,335,742

  • 1g · Noncash contributions included above

    $824,338

  • 3 · Investment income

    total $43,927 · excluded $43,927

  • 7a · Gross sales of assets other than inventory

    other assets $273,608

  • 7b · Less cost or other basis and sales expenses

    other assets $7,328

  • 7c · Gain or loss

    other assets $266,280

  • 7d · Net gain or loss

    total $266,280 · related or exempt $266,280

  • 8a · Fundraising events: gross income

    $173,860

  • 8b · Fundraising events: direct expenses

    $51,129

  • 8c · Net income from fundraising events

    total $122,731 · excluded $122,731

  • 11a · Other revenue: OTHER INCOME

    total $12,695 · excluded $12,695

  • 11e · Other revenue, total

    $12,695

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,480,059 · program services $3,480,059

  • 5 · Compensation of officers, directors and key employees

    total $322,991 · program services $267,201 · management and general $46,981 · fundraising $8,809

  • 7 · Other salaries and wages

    total $615,298 · program services $509,019 · management and general $89,498 · fundraising $16,781

  • 10 · Payroll taxes

    total $74,888 · program services $61,953 · management and general $10,893 · fundraising $2,042

  • 11e · Fees: professional fundraising services

    total $1,460,458 · fundraising $1,460,458

  • 11f · Fees: investment management

    total $8,001 · management and general $8,001

  • 11g · Fees: other

    total $185,147 · program services $123,313 · management and general $45,214 · fundraising $16,620

  • 12 · Advertising and promotion

    total $276,781 · program services $113,668 · management and general $119,363 · fundraising $43,750

  • 13 · Office expenses

    total $34,511 · program services $17,570 · management and general $14,123 · fundraising $2,818

  • 16 · Occupancy

    total $19,850 · program services $15,384 · management and general $3,473 · fundraising $993

  • 17 · Travel

    total $95,905 · program services $85,100 · management and general $7,902 · fundraising $2,903

  • 20 · Interest

    total $12,863 · management and general $12,863

  • 22 · Depreciation, depletion and amortization

    total $67,958 · program services $47,096 · management and general $13,115 · fundraising $7,747

  • 23 · Insurance

    total $12,284 · management and general $12,284

  • 24a · Other expenses: MISCELLANEOUS

    total $134,792 · program services $134,792

  • 24b · Other expenses: DUES AND AND SUBSCRIPTI

    total $56,661 · program services $41,654 · management and general $5,594 · fundraising $9,413

  • 24c · Other expenses: AUTOMOBILE EXPENSE

    total $27,244 · program services $17,580 · management and general $8,008 · fundraising $1,656

  • 24d · Other expenses: POSTAGE

    total $10,315 · program services $2,983 · management and general $7,112 · fundraising $220

  • 24e · All other expenses

    total $21,800 · program services $11,801 · management and general $9,851 · fundraising $148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $327,415 · end of year $735,290

  • 2 · Savings and temporary cash investments

    beginning of year $214,571 · end of year $686,429

  • 4 · Accounts receivable

    beginning of year $180,044 · end of year $8,255

  • 10a · Land, buildings and equipment: cost or other basis

    $367,551

  • 10b · Land, buildings and equipment: accumulated depreciation

    $169,497

  • 10c · Land, buildings and equipment, net

    beginning of year $102,784 · end of year $198,054

  • 11 · Investments: publicly traded securities

    beginning of year $4,403,039 · end of year $4,333,421

  • 15 · Other assets

    beginning of year $1,358,978 · end of year $288,979

  • 17 · Accounts payable and accrued expenses

    beginning of year $223,925 · end of year $100,009

  • 23 · Secured mortgages and notes payable

    beginning of year $110,209 · end of year $442,208

  • 25 · Other liabilities

    beginning of year $1,358,978 · end of year $288,979

  • 27 · Net assets without donor restrictions

    beginning of year $4,893,719 · end of year $5,419,232

Mission and programs · 2023

Mission

OPERATION FINALLY HOME'S MISSION IS TO PROVIDE HOMES AND HOME MODIFICATIONS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICES TO COUNTRY AND COMMUNITY. WE BRING TOGETHER CORPORATE SPONSORS, BUILDER ASSOCIATIONS, BUILDERS, REMODELERS, DEVELOPERS, INDIVIDUAL CONTRIBUTORS, AND VOLUNTEERS TO HELP THESE HEROES AND THEIR FAMILIES BY ADDRESSING ONE OF THEIR MOST PRESSING NEEDS- A PLACE TO CALL HOME.

Activities or mission (Part I)

TO PROVIDE HOME AND HOME MODIFICATIONS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES.

  • TO PROVIDE HOMES TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 12 HOMES WERE BUILT IN 2023 FOR WOUNDED VETERANS.

    Expenses $4,116,397 · Grants $2,672,591

  • TO PROVIDE HOME MODIFICATIONS AND REMODELS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 33 HOMES WERE REMODELED/MODIFIED IN 2023 FOR WOUNDED VETERANS.

    Expenses $432,278 · Grants $428,896

  • TO PROVIDE TRANSITIONAL HOMES TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 5 TRANSITIONAL HOMES WERE BUILT IN 2023 FOR WOUNDED VETERANS.

    Expenses $380,498 · Grants $378,572

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel D Wallrath

    CO-CHAIRMAN / FOUNDER

    Total calculated
    $0
    Hours/week
    40

  • Mike Bucchi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lana Henley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ken Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Gen Willie Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Gen Jerry Icenhower

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Gary Henley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Charles Arnold

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Carol Wallrath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Toni Collett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Terry Collins

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Aaron Wallrath

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Russell L Carroll

    PRESIDENT

    Total calculated
    $177,470
    From this org
    $177,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,235
    Bonus
    $0
    Other
    $6,235
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $177,470

  • David Drew

    SENIOR VP OF OPERATIONS

    Total calculated
    $153,510
    From this org
    $153,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,755
    Bonus
    $0
    Other
    $1,755
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,510

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2024
IRS schema version
2023v5.0
Source object
202440889349301714

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