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FIRST HOMES PROPERTIES

EIN 41-2004557 ROCHESTER, MN

Revenue 2024
$2,969,106
Expenses 2024
$1,953,116

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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).

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.

  • LISA LUNDQUIST

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • MIKE BECKER

    CHAIR (UNTIL 5/14/24)

    Total calculated
    $0
    Hours/week
    0.5
  • KIM WOODRUFF

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • TAMSEN LEIMER

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • ALYSSA FORDHAM VAGT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • MELISSA DICKISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • WAFA ELKHALIFA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • SARA GOVRIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • MIKE PARADISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • LAUREL PODULKE-SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • CHRIS STROUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • SARA TEKLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • MARK THEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JENNIFER WOODFORD

    PRESIDENT

    Total calculated
    $176,124
    From this org
    $41,741
    From related orgs
    $125,223
    Other
    $9,160
    Hours/week
    11 + 33.5 related

    Schedule J breakdown matched by us

    Base
    $40,388 + $121,163 related
    Bonus
    $0
    Other
    $1,353 + $4,060 related
    Deferred
    $2,034 + $6,103 related
    Nontaxable benefits
    $256 + $767 related
    Filer's total
    $44,031 + $132,093 related

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.

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

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.

Declared on its 2024 return

Declared as related by

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.

Disregarded entities on its 2024 return

  • CENTER STREET PROPERTIES LLC

    PROVIDE AFFORDABLE HOUSING TO GREATER ROCHESTER AREA · MN · income $444,371 · assets $3,011,918

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The IRS Business Master File ingested 5 October 2026, which is when the registration facts above were last refreshed for every organization. Returns through tax year 2024, the newest we have parsed for this organization.