First Home Alliance Inc

Organization Overview

First Home Alliance Inc is located in Woodbridge, VA. The organization was established in 2003. 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, First Home Alliance Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Home Alliance Inc 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, First Home Alliance Inc generated $646.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $789.1k during the year ending 12/2022. While expenses have increased by 20.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDES HOMEBUYER EDUCATION PROGRAMS IN FINANCIAL LITERACY, INTRODUCTION TO HOME OWNERSHIP, FORECLOSURE PREVENTION, LOSS MITIGATION AND ONE ON ONE COUNSELING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNDER ITS HOMEBUYER EDUCATION PROGRAMS, THE ORGANIZATION ASSISTED HUNDREDS OF HOMEBUYERS IN FINANCIAL LITERACY, INTRODUCTION TO HOME OWNERSHIP AND FORECLOSURE INTERVENTION.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Laws
Executive Director
$0
Donald Scoggins
Chairman Of The Board
$0
Duwan Cratch
Secretary
$0
Shauna Davey
Treasurer
$0
Thomas Hunt
Director
$0
Lori Willis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $540,554
All other contributions, gifts, grants, and similar amounts not included above$60,550
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$601,104
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,250
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $39,997
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $646,062

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