First Homes Properties
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 535,452 | 811,522 | −276,070 | 130.0 | 31% |
| 2012 | 671,751 | 793,572 | −121,821 | 131.1 | 28% |
| 2013 | 587,054 | 411,413 | 175,641 | 258.0 | 30% |
| 2014 | 422,619 | 226,064 | 196,555 | 479.9 | 43% |
| 2015 | 1,104,880 | 194,782 | 910,098 | 613.1 | 58% |
| 2016 | 365,206 | 270,039 | 95,167 | 446.5 | 45% |
| 2017 | 512,810 | 533,647 | −20,837 | 225.5 | 47% |
| 2018 | 593,818 | 540,730 | 53,088 | 223.7 | 35% |
| 2019 | 374,753 | 428,077 | −53,324 | 281.0 | 43% |
| 2020 | 2,160,519 | 1,217,281 | 943,238 | 120.6 | 16% |
| 2021 | 2,175,189 | 992,247 | 1,182,942 | 162.3 | 22% |
| 2022 | 1,361,871 | 1,072,263 | 289,608 | 153.4 | 25% |
| 2023 | 1,865,211 | 992,319 | 872,892 | 181.2 | 29% |
In its most recent public year (2023), this organization brought in $872,892 more than it spent. Its reserves stood at about 181.2 months of spending, up from 130 in 2011. Staff pay was 29% of spending. $13,289,146 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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