Operation Finally Home
- Assets
- $6.6m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 11
- Location
- New Braunfels, TX
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 20-8964096
Organization Overview
Operation Finally Home is located in New Braunfels, TX. The organization was established in 2010. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Operation Finally Home employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Finally Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Operation Finally Home generated $9.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $10.3m during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOME AND HOME MODIFICATIONS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOMES TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 18 HOMES WERE BUILT IN 2022 FOR WOUNDED VETERANS.
TO PROVIDE HOME MODIFICATIONS AND REMODELS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 18 HOMES WERE REMODELED/MODIFIED IN 2022 FOR WOUNDED VETERANS.
TO PROVIDE TRANSITIONAL HOMES TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 5 TRANSITIONAL HOMES WERE BUILT IN 2022 FOR WOUNDED VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Carroll Executive Director | Officer | 40 | $168,527 |
David Drew Senior VP Of Operations | 40 | $122,602 | |
Daniel D Wallrath Co-Chairman / Founder | OfficerTrustee | 40 | $0 |
Charles Arnold Secretary | Trustee | 5 | $0 |
Terry Collins Treasurer | Trustee | 10 | $0 |
Toni Collett Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hsp Direct Direct Mail Advertising | 12/30/22 | $1,795,525 |
Hooah Music Concert Entertainment | 12/30/22 | $254,902 |
Courtesy Custom Homes Construction | 12/30/22 | $199,472 |
Oak Creek Homes Construction | 12/30/22 | $196,208 |
Pulte Homes Construction | 12/30/22 | $145,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $445,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,285,782 |
| Noncash contributions included in lines 1a–1f | $2,562,561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,731,055 |
| Total Program Service Revenue | $0 |
| Investment income | $23,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,259 |
| Net Income from Fundraising Events | $78,942 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,808,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,206,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,527 |
| Compensation of current officers, directors, key employees. | $67,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,762 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,795,525 |
| Fees for services: Investment Management | $5,815 |
| Fees for services: Other | $157,082 |
| Advertising and promotion | $438,226 |
| Office expenses | $29,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,441 |
| Travel | $173,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,845 |
| Insurance | $13,340 |
| All other expenses | $21,466 |
| Total functional expenses | $10,301,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,415 |
| Savings and temporary cash investments | $214,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $102,784 |
| Investments—publicly traded securities | $4,403,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,358,978 |
| Total assets | $6,586,831 |
| Accounts payable and accrued expenses | $223,925 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $110,209 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,358,978 |
| Total liabilities | $1,693,112 |
| Net assets without donor restrictions | $4,893,719 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,586,831 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Operation Finally Home has recieved totaling $771,151.
| Awarding Organization | Amount |
|---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $160,000 |
Greater Houston Blders Assoc Affil W/Natl Assoc Of Home Builders Houston, TX PURPOSE: PROVIDE ASSISTANCE | $110,680 |
Meadows Foundation Incorporated Dallas, TX PURPOSE: TOWARD SUPPORT FOR AN INNOVATIVE PARTNERSHIP BETWEEN SCHOOL DISTRICTS AND BUILDERS TO PROVIDE HOUSING FOR HOMELESS VETERANS | $58,000 |
Meadows Foundation Incorporated Dallas, TX PURPOSE: TOWARD SUPPORT FOR AN INNOVATIVE PARTNERSHIP BETWEEN SCHOOL DISTRICTS AND BUILDERS TO PROVIDE HOUSING FOR HOMELESS VETERANS | $57,000 |
Fluor Cares Irving, TX PURPOSE: HOME MODIFICATIONS | $50,761 |
South Texas Outreach Foundation Laredo, TX PURPOSE: TO PROVIDE 2 HOMES AND 2HOME MODIFICATIONS TO VETERANSIN NEED OF A HOME | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |