LHousing & ShelterEIN: 412004557· Ruling Year: 2001

First Homes Properties

Rochester, Minnesota

B+Health Score
73B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

💰
$1.9M
Total Revenue
📊
$992K
Total Expenses
🏦
$15.0M
Net Assets
📋
$6.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+37.0%
Year-over-year change (2022 → 2023)
Net Margin
+46.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
15.10
Net assets divided by total expenses
Liabilities-to-Assets
28.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$1,865,21137%$992,3197%$20,946,65321%
2022$1,361,87137%$1,072,2638%$17,370,1956%
2021$2,175,1891%$992,24718%$16,429,7106%
2020$2,160,519477%$1,217,281184%$15,451,62849%
2019$374,75337%$428,07721%$10,391,411
2018$593,81816%$540,7301%$10,407,0003%
2017$512,81040%$533,64798%$10,125,9232%
2016$365,20667%$270,03939%$10,368,9532%
2015$1,104,880161%$194,78214%$10,579,3543%
2014$422,61928%$226,06445%$10,900,2934%
2013$587,05413%$411,41348%$11,363,33516%
2012$671,75125%$793,5722%$13,496,43411%
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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