NonprofitsFirst Homes Properties

Housing & Shelter

First Homes Properties

ROCHESTER, MN

Total revenue

$3.0M

Total expenses

$2.0M

Net assets

$16.0M

Grants received

$3.2M

5 grants

EIN

412004557

Tax year

2024

Mission

To provide opportunities for low and moderate-income households in southeastern minnesota counties to secure housing that is decent and affordable.

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue$783K
Investment income$43K
Other revenue$111K
Total revenue$3.0M

Expenses

Grants paid
Salaries & benefits$375K
Fundraising$29K
Other expenses$1.6M
Total expenses$2.0M
Total assets$19.9M
Net assets$16.0M

People

14 listed

NameRoleCompensation

JENNIFER WOODFORD

PRESIDENT

Board

$42K

11 hrs/wk

MIKE BECKER

CHAIR (UNTIL 5/14/24)

Board

0.5 hrs/wk

KIM WOODRUFF

VICE CHAIR

Board

0.5 hrs/wk

TAMSEN LEIMER

TREASURER

Board

1 hrs/wk

ALYSSA FORDHAM VAGT

SECRETARY

Board

0.5 hrs/wk

MELISSA DICKISON

DIRECTOR

Board

0.5 hrs/wk

WAFA ELKHALIFA

DIRECTOR

Board

0.5 hrs/wk

LISA LUNDQUIST

CHAIR

Board

0.5 hrs/wk

MIKE PARADISE

DIRECTOR

Board

0.5 hrs/wk

LAUREL PODULKE-SMITH

DIRECTOR

Board

0.5 hrs/wk

CHRIS STROUD

DIRECTOR

Board

0.5 hrs/wk

SARA TEKLE

DIRECTOR

Board

0.5 hrs/wk

MARK THEIN

DIRECTOR

Board

0.5 hrs/wk

SARA GOVRIK

DIRECTOR

Board

0.5 hrs/wk

Independent contractors

CHRIS KURTH CONSTRUCTION

CONSTRUCTION SERVICES

$699K

KEY BUILDERS INC

CONSTRUCTION SERVICES

$133K

Grants received

Showing 5 of 5

FromAmountPurposeYear
$700K
GENERAL SUPPORT
2024
$700K
GENERAL SUPPORT
2024
$40K
GENERAL OPERATIONS
2024
$633K
PROGRAM SUPPORT
2022

Funded by

$3.2M from 2 funders · 5 grants · 2022–2024

Rochester Area Foundation

$3.2M · 4 grants · 2022–2024

Otto Bremer Trust

$40K · 1 grant · 2024

Details

EIN412004557
NTEE codeL20
Subsection03
Ruling date2001-12
Formed2001
Employees0
Volunteers11
FIRST HOMES PROPERTIES — Mission, Financials & Grants Received | Grantivo