Homes First
- Assets
- $13.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Lacey, WA
- Founding
- 11/1990
- Data as of
- 12/2023
- EIN
- 94-3124800
Organization Overview
Homes First is located in Lacey, WA. The organization was established in 1990. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. As of 12/2023, Homes First employed 14 individuals. This organization is the central organization for a national or regional group of organizations. Homes First 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 12/2023, Homes First generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 13.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND MAINTAIN SAFE, HEALTHY, AND AFFORDABLE RENTAL HOMES FOR THOSE WHO NEED THEM MOST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, HOMES FIRST SAW SUBSTANTIAL GROWTH IN ORGANIZATIONAL DEVELOPMENT, PERSONAL AND PROFESSIONAL ADVANCEMENTS OF OUR TEAM, AND A POSITIVE IMPACT ON THOSE WE SERVE. THROUGHOUT THE YEAR, OUR COMMITMENT TO PROVIDING QUALITY SERVICE AND SUPPORT REMAINED UNWAVERING, FOSTERING A CULTURE OF CONTINUOUS IMPROVEMENT AND RESILIENCE. THE COLLABORATIVE EFFORTS OF OUR PASSIONATE WORKFORCE, COUPLED WITH A STEADFAST DEDICATION TO OUR MISSION, PROPELLED HOMES FIRST TO NEW HEIGHTS, MARKING 2023 AS A PIVOTAL CHAPTER IN OUR JOURNEY TOWARD CREATING LASTING POSITIVE CHANGE IN THE COMMUNITIES WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Souza Director | Trustee | 1 | $0 |
Thomasina Cooper Vice President | OfficerTrustee | 1 | $0 |
Joey Debakker Director | Trustee | 1 | $0 |
Chris Lester President/chair | OfficerTrustee | 1 | $0 |
Leatta Dahlhoff Treasurer | OfficerTrustee | 1 | $0 |
Dannette Molina Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93,662 |
| Related organizations | $0 |
| Government grants | $1,243,483 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,844 |
| Noncash contributions included in lines 1a–1f | $345,331 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,603,989 |
| Total Program Service Revenue | $1,081,054 |
| Investment income | $2,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,671,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $113,300 |
| Compensation of current officers, directors, key employees. | $113,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,279 |
| Payroll taxes | $75,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $85,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $162,035 |
| Travel | $8,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $132,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,915 |
| Insurance | $59,360 |
| All other expenses | $851 |
| Total functional expenses | $2,009,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $304,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $458,619 |
| 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 | $25,921 |
| Net Land, buildings, and equipment | $12,678,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,813 |
| Total assets | $13,514,993 |
| Accounts payable and accrued expenses | $294,734 |
| 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 | $10,364,401 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $0 |
| Total liabilities | $10,959,135 |
| Net assets without donor restrictions | $2,555,858 |
| 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 | $13,514,993 |