FIRST HOMES PROPERTIES

As filed

Subsection

03

NTEE code

L20

Classification

1000

Street

12 ELTON HILLS DR NW

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• GENTLE WINGS

  EIN 82-2940265

• R A F PROPERTIES

  EIN 41-1891463

• ROCHESTER AREA FOUNDATION

  EIN 41-6017740

Mission and programs · 2024

• FIRST HOMES HAS BEEN A LEADER IN AFFORDABLE HOUSING DEVELOPMENT AND ASSOCIATED LENDING IN SOUTHEAST MINNESOTA SINCE 2000. FIRST HOMES HAS HELPED TO PRODUCE AND FINANCE MORE THAN 1,100 UNITS OF WORKFORCE HOUSING INCLUDING SINGLE FAMILY NEW CONSTRUCTION AND PURCHASE REHAB, COMMUNITY LAND TRUST, AND MULTI-FAMILY RENTAL PROJECTS.

  Expenses $1,666,659 · Revenue $883,490

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,969,106

  Expenses

  $1,953,116

  Contributions

  $2,031,387

  Grants paid

  $0

• 2024

  Revenue

  $2,969,106

  Expenses

  $1,953,116

  Contributions

  $2,031,387

  Grants paid

  $0

• 2023

  Revenue

  $1,865,211

  Expenses

  $992,319

  Contributions

  $1,326,799

  Grants paid

  $0

• 2022

  Revenue

  $1,361,871

  Expenses

  $1,072,263

  Contributions

  $662,923

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,175,189

  Expenses

  $992,247

  Assets (EOY)

  $16,429,710

• 2020 · 990

  Revenue

  $2,160,519

  Expenses

  $1,217,281

  Assets (EOY)

  $15,451,628

• 2019 · 990

  Revenue

  $374,753

  Expenses

  $428,077

  Assets (EOY)

  $10,391,411

• 2018 · 990

  Revenue

  $593,818

  Expenses

  $540,730

  Assets (EOY)

  $10,407,000

• 2017 · 990

  Revenue

  $512,810

  Expenses

  $533,647

  Assets (EOY)

  $10,125,923

• 2016 · 990

  Revenue

  $365,206

  Expenses

  $270,039

  Assets (EOY)

  $10,368,953

• 2015 · 990

  Revenue

  $1,104,880

  Expenses

  $194,782

  Assets (EOY)

  $10,579,354

• 2014 · 990

  Revenue

  $422,619

  Expenses

  $226,064

  Assets (EOY)

  $10,900,293

• 2013 · 990

  Revenue

  $587,054

  Expenses

  $411,413

  Assets (EOY)

  $11,363,335

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $793,572

  Assets (EOY)

  $13,496,434

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• ROCHESTER AREA FOUNDATION

  $1,121,522

  2023 · HOUSING

• ROCHESTER AREA FOUNDATION

  $700,075

  2024 · GENERAL SUPPORT

• ROCHESTER AREA FOUNDATION

  $632,880

  2022 · PROGRAM SUPPORT

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files