First Homes Properties
Rochester, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,865,211↑37% | $992,319↓7% | $20,946,653↑21% | — |
| 2022 | $1,361,871↓37% | $1,072,263↑8% | $17,370,195↑6% | — |
| 2021 | $2,175,189↑1% | $992,247↓18% | $16,429,710↑6% | — |
| 2020 | $2,160,519↑477% | $1,217,281↑184% | $15,451,628↑49% | — |
| 2019 | $374,753↓37% | $428,077↓21% | $10,391,411 | — |
| 2018 | $593,818↑16% | $540,730↑1% | $10,407,000↑3% | — |
| 2017 | $512,810↑40% | $533,647↑98% | $10,125,923↓2% | — |
| 2016 | $365,206↓67% | $270,039↑39% | $10,368,953↓2% | — |
| 2015 | $1,104,880↑161% | $194,782↓14% | $10,579,354↓3% | — |
| 2014 | $422,619↓28% | $226,064↓45% | $10,900,293↓4% | — |
| 2013 | $587,054↓13% | $411,413↓48% | $11,363,335↓16% | — |
| 2012 | $671,751↑25% | $793,572↓2% | $13,496,434↓11% | — |
| 2011 | $535,452 | $811,522 | $15,083,974 | — |
Frequently Asked Questions
What does First Homes Properties do?▼
First Homes Properties is a housing & shelter nonprofit organization based in Minnesota. It is classified under NTEE code L20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is First Homes Properties financially healthy?▼
Based on our 9-metric Financial Health Score model, First Homes Properties has a score of 73/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does First Homes Properties generate?▼
First Homes Properties reports $3.0M in annual revenue and holds $19.9M in total assets, based on IRS filings.
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