First Story
- Assets
- $18.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bend, OR
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 91-1755886
Organization Overview
First Story is located in Bend, OR. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Story 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 12/2021, First Story generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 13.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FIRST STORY PROVIDES QUALITY AFFORDABLE HOUSING THROUGH A 30-YEAR, ZERO-INTEREST AND ZERO-DOWN HOME LOAN TO LOWER-INCOME FAMILIES (DEFINED AS BELOW 80% OF AREA MEDIAN INCOME). IN ADDITION, FIRST STORY PROVIDES FINANCIAL SUPPORT TO LOW-INCOME INDIVIDUALS, PERSONS IN NEED AND AT-RISK YOUTH AND FUNDING FOR HOUSING/SHELTER SERVICES, HUNGER RELIEF, EMERGENCY AID, AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATIONS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE AND FINANCIAL SUPPORT TO LOW-INCOME FAMILIES,PERSONS IN NEED AND AT-RISK YOUTH, PROVIDE FUNDING FOR HOUSING/SHELTER SERVICES, EMERGENCY RELIEF AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Anderson President | Officer | 4 | $0 |
Alicia Moore Secretary | Officer | 4 | $0 |
Stephanie Alvstad Treasurer | Officer | 4 | $0 |
George Slape Trustee | Trustee | 4 | $0 |
Dennis Murphy Trustee | Trustee | 4 | $0 |
Chris Davis Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $236,313 |
| Related organizations | $915,268 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $901,328 |
| Noncash contributions included in lines 1a–1f | $323,099 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,052,909 |
| Total Program Service Revenue | $1,812,441 |
| Investment income | $221,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,142 |
| Net Income from Fundraising Events | -$110,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,059,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $262,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $188,139 |
| Fees for services: Legal | $10,791 |
| Fees for services: Accounting | $13,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,167 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,800 |
| Office expenses | $8,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,373 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,541 |
| All other expenses | $3,238 |
| Total functional expenses | $2,000,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,562 |
| Savings and temporary cash investments | $6,231 |
| Pledges and grants receivable | $187,124 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,439,572 |
| Inventories for sale or use | $784,074 |
| Prepaid expenses and deferred charges | $37,010 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,464,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,428 |
| Total assets | $17,985,928 |
| Accounts payable and accrued expenses | $42,087 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,087 |
| Net assets without donor restrictions | $17,689,881 |
| Net assets with donor restrictions | $252,960 |
| 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 | $17,985,928 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that First Story has recieved totaling $63,011.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $25,000 |
W M Keck Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE PURPOSES | $10,000 |
Washington Federal Foundation Seattle, WA PURPOSE: AFFORDABLE HOUSING | $10,000 |
Marie Lamfrom Charitable Foundation 091898 Wilsonville, OR PURPOSE: AFFORDABLE HOMEOWNERSHIP FOR LOW-INCOME FAMILIES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,250 |
Nw Self Storage Foundation Bend, OR PURPOSE: MAKING HOMEOWNERSHIP AFFORDABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |