Public Charity

FIRST HOMES PROPERTIES

FIRST HOMES PROPERTIES is a Public Charity headquartered in ROCHESTER, MN. Financial data from the 2024 filing: $3.0M revenue, $2.0M expenses, $19.9M total assets. 6 publicly reported grants to this organization, totaling roughly $3.6M, appear in IRS filings.

EIN: 412004557 ROCHESTER, MN Latest filing: 2024
Total Revenue$3.0M
Total Expenses$2.0M
Total Assets$19.9M
Grant Records6
Funding Total$3.6M
Filing Years2019–2024

Mission

TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE-INCOME HOUSEHOLDS IN SOUTHEASTERN MINNESOTA COUNTIES TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE.

Officers & Directors

SECRETARY Alyssa Fordham Vagt
DIRECTOR Chris Stroud
PRESIDENT Jennifer Woodford
VICE CHAIR Kim Woodruff
DIRECTOR Laurel Podulke-Smith
CHAIR Lisa Lundquist

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$1,400,150 2 grants
HOUSING
$1,121,522 1 grant
PROGRAM SUPPORT
$632,880 1 grant
PROJECTS
$340,000 1 grant
GENERAL OPERATING EXPENSES
$72,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.0M $2.0M $19.9M
2023 $1.9M $992K $20.9M
2022 $1.4M $1.1M $17.4M
2020 $2.2M $1.2M $15.5M
2019 $375K $428K $10.4M

Between 2019 and 2024, reported annual revenue grew from $375K to $3.0M (+692%), with total assets most recently reported at $19.9M.

Interactive year-over-year charts and full filing details available with membership.

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