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EIN 41-2004557

First Homes Properties

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Rochester
State
Minnesota
Year formed
2001
Most recent tax filings
2022-12-01
NTEE code, primary
L80: Housing Support Services
Description
To provide opportunities for low and moderate income households in southeastern Minnesota counties to secure housing that is decent and affordable and to make loans to low and moderate income households for housing purposes.
Total revenues
$1,361,871
2022
Total expenses
$1,072,263
2022
Total assets
$17,370,195
2022
Num. employees
0
2022

Program areas at First Homes Properties

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.

Who funds First Homes Properties

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Rochester Area FoundationProgram Support$632,880

Personnel at First Homes Properties

NameTitleCompensation
Jennifer WoodfordPresident$36,136
Justin VossDirector of Projects
Mike BeckerBoard Member$0
Kim WoodruffVice President / Trustee$0
Lisa LundquistSecretary / Trustee$0
...and 7 more key personnel

Financials for First Homes Properties

RevenuesFYE 12/2022
Total grants, contributions, etc.$662,923
Program services$669,456
Investment income and dividends$29,492
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,361,871

Form 990s for First Homes Properties

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-10-24990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-02-10990View PDF
...and 8 more Form 990s
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 1 new personnel
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $632,880 from Rochester Area Foundation
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
12 Elton Hills Dr NW
Rochester, MN 55901
Metro area
Rochester, MN
County
Olmsted County, MN
Website URL
firsthomes.org/ 
Phone
(507) 282-0203
IRS details
EIN
41-2004557
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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