FIRST HOMES PROPERTIES
AI Summary
FIRST HOMES PROPERTIES is a nonprofit organization dedicated to housing development, focusing on providing opportunities for low and moderate-income households in southeastern Minnesota to secure decent and affordable housing. With an operating budget of $2 million and total revenue of $3 million for the 2024 filing year, the organization demonstrates significant financial capacity, although it does not rely on a single funder for 50% or more of its revenue. For more information, visit their website at http://www.firsthomes.org/.
Mission Statement
TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN SOUTHEASTERN MINNESOTA COUNTIES TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE.
Cause Areas
1
Housing development
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Funder
Total Funding
Funding Share
ROCHESTER AREA FOUNDATION
$20.7M
14%
OTTO BREMER TRUST
$135.4M
< 1%
Frequently Asked Questions
What is FIRST HOMES PROPERTIES’s budget?
In 2024, FIRST HOMES PROPERTIES reported an annual operating budget of around $2 million. More detailed financial information is available to registered users.
What causes does FIRST HOMES PROPERTIES support?
FIRST HOMES PROPERTIES supports work in Housing development.
Where does FIRST HOMES PROPERTIES operate?
FIRST HOMES PROPERTIES is headquartered in Rochester, MN.
Who funded FIRST HOMES PROPERTIES recently?
In 2024, FIRST HOMES PROPERTIES received grants from ROCHESTER AREA FOUNDATION, OTTO BREMER TRUST, and ROCHESTER AREA FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant FIRST HOMES PROPERTIES received in 2024?
The largest grant to FIRST HOMES PROPERTIES in 2024 exceeds $700 thousand.
What is FIRST HOMES PROPERTIES’s reliance on government grants?
FIRST HOMES PROPERTIES relied on government grants for more than 35% of their total revenue in 2024.