Civic Intelligence

First Homes Properties

990 • Fiscal year 2011 • EIN 41-2004557

Jan 01, 2011 to Dec 31, 2011 • Filed on Jul 23, 2012

Organization ProfileWWW.FIRSTHOMES.ORG
400 South Broadway No 30055904
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.42x

Higher debt load relative to assets than 63% of similar nonprofits.

2011 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets63rd percentile

Assets

$15,083,974

No earlier filing loaded for comparison.

Net Assets

$8,791,126

No earlier filing loaded for comparison.

Liabilities

$6,292,848

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$811,522

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $15,083,974Liabilities 2011: $6,292,848Net Assets 2011: $8,791,1262011Assets 2012: $13,496,434Liabilities 2012: $4,827,129Net Assets 2012: $8,669,3052012Assets 2013: $11,363,335Liabilities 2013: $2,518,389Net Assets 2013: $8,844,9462013Assets 2014: $10,900,293Liabilities 2014: $1,858,792Net Assets 2014: $9,041,5012014Assets 2015: $10,579,354Liabilities 2015: $627,755Net Assets 2015: $9,951,5992015Assets 2016: $10,368,953Liabilities 2016: $322,187Net Assets 2016: $10,046,7662016Assets 2017: $10,125,923Liabilities 2017: $99,994Net Assets 2017: $10,025,9292017Assets 2018: $10,407,000Liabilities 2018: $327,983Net Assets 2018: $10,079,0172018Assets 2019: $10,391,411Liabilities 2019: $365,718Net Assets 2019: $10,025,6932019Assets 2020: $15,451,628Liabilities 2020: $3,215,771Net Assets 2020: $12,235,8572020Assets 2021: $16,429,710Liabilities 2021: $3,010,911Net Assets 2021: $13,418,7992021Assets 2022: $17,370,195Liabilities 2022: $3,661,788Net Assets 2022: $13,708,4072022Assets 2023: $20,946,653Liabilities 2023: $5,965,354Net Assets 2023: $14,981,2992023Assets 2024: $19,924,240Liabilities 2024: $3,926,951Net Assets 2024: $15,997,2892024

Highlighted filing

2011

Assets$15,083,974
Liabilities$6,292,848
Net Assets$8,791,126
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $811,5222011Expenses 2012: $793,5722012Revenue 2013: $587,054Expenses 2013: $411,413Net Income 2013: $175,6412013Revenue 2014: $422,619Expenses 2014: $226,064Net Income 2014: $196,5552014Revenue 2015: $1,104,880Expenses 2015: $194,782Net Income 2015: $910,0982015Revenue 2016: $365,206Expenses 2016: $270,039Net Income 2016: $95,1672016Revenue 2017: $512,810Expenses 2017: $533,647Net Income 2017: -$20,8372017Revenue 2018: $593,818Expenses 2018: $540,730Net Income 2018: $53,0882018Revenue 2019: $374,753Expenses 2019: $428,077Net Income 2019: -$53,3242019Revenue 2020: $2,160,519Expenses 2020: $1,217,281Net Income 2020: $943,2382020Revenue 2021: $2,175,189Expenses 2021: $992,247Net Income 2021: $1,182,9422021Revenue 2022: $1,361,871Expenses 2022: $1,072,263Net Income 2022: $289,6082022Revenue 2023: $1,865,211Expenses 2023: $992,319Net Income 2023: $872,8922023Revenue 2024: $2,969,106Expenses 2024: $1,953,116Net Income 2024: $1,015,9902024

Highlighted filing

2011

Revenue-
Expenses$811,522
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jul 23, 2012
Return Version
2011v1.2
Gross Receipts
$535,452
Mission and Program Overview

Mission

To provide opportunities for low and moderate income households in southeastern minnesota counties to secure housing that is decent and affordable and to make loans to low and moderate income households for housing purposes.

Filing and Contact Details

Filer

EIN
41-2004557
Raw XML AppendixShowing 400 of 516 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY015035
IRS990/AccountsPayableAccruedExpenses/EOY0108623
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN SOUTHEASTERN MINNESOTA COUNTIES TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND TO MAKE LOANS TO LOW AND MODERATE INCOME HOUSEHOLDS FOR HOUSING PURPOSES.
IRS990/AddressPrincipalOfficerUS/AddressLine10400 SOUTH BROADWAY NO 300
IRS990/AddressPrincipalOfficerUS/City0ROCHESTER
IRS990/AddressPrincipalOfficerUS/State0MN
IRS990/AddressPrincipalOfficerUS/ZIPCode055904
IRS990/AllOtherContributions090429
IRS990/AllOtherExpenses/ManagementAndGeneral01592
IRS990/AllOtherExpenses/ProgramServices0-51712
IRS990/AllOtherExpenses/Total0-50120
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CashNonInterestBearing/BOY01376263
IRS990/CashNonInterestBearing/EOY0393231
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/Fundraising01320
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral020975
IRS990/CompCurrentOfficersDirectors/ProgramServices071460
IRS990/CompCurrentOfficersDirectors/Total093755
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ConferencesMeetings/ManagementAndGeneral07131
IRS990/ConferencesMeetings/Total07131
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt01
IRS990/ContributionsGrantsCurrentYear0317752
IRS990/ContributionsGrantsPriorYear0650451
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DeferredRevenue/BOY0301323
IRS990/DeferredRevenue/EOY0174000
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ManagementAndGeneral0771
IRS990/DepreciationDepletion/ProgramServices0998
IRS990/DepreciationDepletion/Total01769
IRS990/DescribedIn501C301
IRS990/Description0FIRST HOMES MAKES HOME OWNERSHIP POSSIBLE FOR WORKING FAMILIES IN THE GREATER ROCHESTER AREA. THROUGH ITS COMMUNITY LAND TRUST AND ZERO-INTEREST LOAN PROGRAMS, FIRST HOMES HAS HELPED NEARLY 950 FAMILIES PURCHASE A HOME TO DATE.
IRS990/DisregardedEntity00
IRS990/DistributionToDonor00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/ElectionOfBoardMembers00
IRS990/ExcessBenefitTransaction00
IRS990/ExcessBusinessHoldings00
IRS990/Expense0447039
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesOther/ManagementAndGeneral050228
IRS990/FeesForServicesOther/ProgramServices035737
IRS990/FeesForServicesOther/Total085965
IRS990/FinancialStatementBoth0X
IRS990/FollowSFAS1170X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek00.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek10.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek20.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek30.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek40.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek50.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek60.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek740.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek810.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/NamePerson0LORING STEAD
IRS990/Form990PartVIISectionA/NamePerson1AHMED ELKHALIFATAHA
IRS990/Form990PartVIISectionA/NamePerson2DONALD DECRAMER
IRS990/Form990PartVIISectionA/NamePerson3JOE POWERS
IRS990/Form990PartVIISectionA/NamePerson4PAUL WILSON
IRS990/Form990PartVIISectionA/NamePerson5UMBELINA CREMER
IRS990/Form990PartVIISectionA/NamePerson6KATHRYN MOE
IRS990/Form990PartVIISectionA/NamePerson7SEAN ALLEN
IRS990/Form990PartVIISectionA/NamePerson8STEPHEN THORNTON-RELATED ORG COMP
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/Officer4X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation79741
IRS990/Form990PartVIISectionA/OtherCompensation810185
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization793590
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization8104520
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/Title0CHAIR
IRS990/Form990PartVIISectionA/Title1SECRETARY
IRS990/Form990PartVIISectionA/Title2TREASURER
IRS990/Form990PartVIISectionA/Title3TRUSTEE
IRS990/Form990PartVIISectionA/Title4TRUSTEE
IRS990/Form990PartVIISectionA/Title5TRUSTEE
IRS990/Form990PartVIISectionA/Title6TRUSTEE
IRS990/Form990PartVIISectionA/Title7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionA/Title8EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GovernmentGrants0227323
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts0535452
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InvestmentIncomeCurrentYear07727
IRS990/InvestmentIncome/ExclusionAmount07727
IRS990/InvestmentIncomePriorYear03348
IRS990/InvestmentIncome/TotalRevenueColumn07727
IRS990/InvestmentInJointVenture00
IRS990/LandBldgEquipmentAccumDeprec082990
IRS990/LandBuildingsEquipmentBasis02362134
IRS990/LandBuildingsEquipmentBasisNet/BOY02009900
IRS990/LandBuildingsEquipmentBasisNet/EOY02279144
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN SOUTHEASTERN MINNESOTA COUNTIES TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND TO MAKE LOANS TO LOW AND MODERATE INCOME HOUSEHOLDS FOR HOUSING PURPOSES.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY03091501
IRS990/MortNotesPyblSecuredInvestProp/EOY03082332
IRS990/NameOfPrincipalOfficerPerson0JOANN STORMER
IRS990/NbrIndependentVotingMembers07
IRS990/NbrVotingGoverningBodyMembers09
IRS990/NbrVotingMembersGoverningBody09
IRS990/NetAssetsOrFundBalancesBOY09067196
IRS990/NetAssetsOrFundBalancesEOY08791126
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109600
IRS990/NumberIndependentVotingMembers07
IRS990/NumberIndividualsGT100K01
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees00
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral027761
IRS990/Occupancy/ProgramServices035961
IRS990/Occupancy/Total063722
IRS990/OfficeExpenses/ManagementAndGeneral010000
IRS990/OfficeExpenses/ProgramServices012955
IRS990/OfficeExpenses/Total022955
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY07888252
IRS990/OtherAssetsTotal/EOY010251762
IRS990/OtherExpensePriorYear01087216
IRS990/OtherExpensesCurrentYear0558428
IRS990/OtherExpenses/Description0NET PROGRAM EXP-REHAB H
IRS990/OtherExpenses/Description1OTHER
IRS990/OtherExpenses/Description2HARVEST RIDGE
IRS990/OtherExpenses/Description3DUES AND SUBSCRIPTIONS
IRS990/OtherExpenses/ManagementAndGeneral0160065
IRS990/OtherExpenses/ManagementAndGeneral14364
IRS990/OtherExpenses/ProgramServices0189902
IRS990/OtherExpenses/ProgramServices161535
IRS990/OtherExpenses/Total0189902
IRS990/OtherExpenses/Total1160065
IRS990/OtherExpenses/Total261535
IRS990/OtherExpenses/Total34364
IRS990/OtherLiabilities/BOY0982581
IRS990/OtherLiabilities/EOY02927893
IRS990/OtherNotesLoansReceivableNet/BOY02183221
IRS990/OtherNotesLoansReceivableNet/EOY02159837
IRS990/OtherRevenueCurrentYear07260
IRS990/OtherRevenueMisc/BusinessCode0900099
IRS990/OtherRevenueMisc/Description0GARDEN INCOME
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome07260
IRS990/OtherRevenueMisc/TotalRevenueColumn07260
IRS990/OtherRevenuePriorYear091146
IRS990/OtherSalariesAndWages/Fundraising02723
IRS990/OtherSalariesAndWages/ManagementAndGeneral066413
IRS990/OtherSalariesAndWages/ProgramServices090203
IRS990/OtherSalariesAndWages/Total0159339
IRS990/PartialLiquidation00
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0531390
IRS990/ProgramServiceRevenue/BusinessCode1531390
IRS990/ProgramServiceRevenue/BusinessCode2531390
IRS990/ProgramServiceRevenue/BusinessCode3531390
IRS990/ProgramServiceRevenue/BusinessCode4531390
IRS990/ProgramServiceRevenueCY0202713
IRS990/ProgramServiceRevenue/Description0COMMUMITY LAND TRUST L
IRS990/ProgramServiceRevenue/Description1NSP REVENUE
IRS990/ProgramServiceRevenue/Description2DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenue/Description3MARKETING FEE INCOME
IRS990/ProgramServiceRevenue/Description4COMMISSION REVENUE
IRS990/ProgramServiceRevenuePriorYear0425331
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome074605
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome143000
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome232000
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome329404
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome414954
IRS990/ProgramServiceRevenue/TotalRevenueColumn074605
IRS990/ProgramServiceRevenue/TotalRevenueColumn143000
IRS990/ProgramServiceRevenue/TotalRevenueColumn232000
IRS990/ProgramServiceRevenue/TotalRevenueColumn329404
IRS990/ProgramServiceRevenue/TotalRevenueColumn414954
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0-276070
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets01
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/Revenue0207223
IRS990/RevenuesLessExpensesCY0-276070
IRS990/RevenuesLessExpensesPriorYear0-168559
IRS990/SalariesEtcCurrentYear0253094
IRS990/SalariesEtcPriorYear0251619
IRS990ScheduleA/ContribBy35ControlledEntity00
IRS990ScheduleA/ContribByControllingIndividual00
IRS990ScheduleA/ContributionByRelatedParty00
IRS990ScheduleA/SumOfAmounts00
IRS990ScheduleA/SupportedOrgInformation/Amount00
IRS990ScheduleA/SupportedOrgInformation/EIN0416017740
IRS990ScheduleA/SupportedOrgInformation/ListedInGoverningDoc01
IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine10ROCHESTER AREA FOUNDATION
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS01
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified01
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization07
IRS990ScheduleA/SupportingOrg509a3Type10X
IRS990ScheduleA/SupportingOrganization509a30X
IRS990ScheduleA/TotalNumberOfSupportedOrgs01
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/DonatedServicesUseOfFacilities051712
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities051712
IRS990ScheduleD/Equipment/BookValue02824
IRS990ScheduleD/Equipment/Depreciation082990
IRS990ScheduleD/Equipment/InvestmentCostOrOtherBasis085814
IRS990ScheduleD/ExcessOrDeficitForYear0-276070
IRS990ScheduleD/ExcessOrDeficitPerFS0-276070
IRS990ScheduleD/ExpensesNotRptdF99002224336
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal0811522
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION BELIEVES THAT NO SIGNIFICANT UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN IN ITS TAX RETURNS. AT DECEMBER 31, 2011 GENERALLY, THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE ORGANIZATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2008 TO 2010. AT DECEMBER 31, 2011, THE ORGANIZATION DID NOT RECORD ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1REPORTED BY AFFILIATES 1,449,611.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2REPORTED BY AFFILIATES 2,172,624.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XIII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue02276320
IRS990ScheduleD/Land/InvestmentCostOrOtherBasis02276320
IRS990ScheduleD/OtherAssets/BookValue08058218
IRS990ScheduleD/OtherAssets/BookValue137846
IRS990ScheduleD/OtherAssets/BookValue22155698
IRS990ScheduleD/OtherAssets/Description0LAND HELD IN TRUST
IRS990ScheduleD/OtherAssets/Description1OTHER ASSETS
IRS990ScheduleD/OtherAssets/Description2DUE FROM AFFILIATES
IRS990ScheduleD/OtherExpensesIncluded02172624
IRS990ScheduleD/OtherLiabilities/Amount02175913
IRS990ScheduleD/OtherLiabilities/Amount1751980
IRS990ScheduleD/OtherLiabilities/Description0DUE TO ROCHESTER AREA FOUNDATION
IRS990ScheduleD/OtherLiabilities/Description1PROGRAM ASSETS HELD FOR OTHERS
IRS990ScheduleD/OtherRevenues01449611
IRS990ScheduleD/RevenueNotRptdF99001501323
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0535452
IRS990ScheduleD/TotalBookValueOtherAssets010251762
IRS990ScheduleD/TotalExpenses0811522
IRS990ScheduleD/TotalExpensesPerForm9900811522
IRS990ScheduleD/TotalOfAmounts02927893
IRS990ScheduleD/TotalOfBookValueLandBuildings02279144
IRS990ScheduleD/TotalRevenue0535452
IRS990ScheduleD/TotalRevenuePerForm9900535452
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt03035858
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt02036775
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD REVIEWS AND DISCUSSES FORM 990 AT ITS MONTHLY MEETING BEFORE FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO FILL OUT AND SIGN DISCLOSURE FORM. THEY MUST ALSO VERBALLY INDICATE WHETHER A CONFLICT EXISTS AND ABSTAIN FROM VOTING AT BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE ROCHESTER AREA FOUNDATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS USING COMPARABILITY DATA FROM THE COUNCIL OF FOUNDATIONS. THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR OF THE ROCHESTER AREA FOUNDATION USING COMPARABILITY DATA FROM THE COUNCIL OF FOUNDATIONS AND INCREASES ARE BASED ON MERIT.
IRS990ScheduleO/GeneralExplanation/Explanation3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR FINANCIAL STATEMENTS MAY BE OBTAINED BY THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FINANCE COMMITTEE HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 2C:
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10400 SOUTH BROADWAY SUITE 300
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine11400 SOUTH BROADWAY SUITE 300
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine12400 SOUTH BROADWAY SUITE 300
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine13400 SOUTH BROADWAY SUITE 300
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0ROCHESTER
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1ROCHESTER
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2ROCHESTER
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City3ROCHESTER
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State1MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State2MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State3MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode055904
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode155904
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode255904
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode355904
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg10
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg20
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg30
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10ROCHESTER AREA FOUNDATION
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine11ROCHESTER AREA FOUNDATION
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine12ROCHESTER AREA FOUNDATION
IRS990ScheduleR/Form990ScheduleRPartII/EIN0416017740
IRS990ScheduleR/Form990ScheduleRPartII/EIN1204190151
IRS990ScheduleR/Form990ScheduleRPartII/EIN2411891463
IRS990ScheduleR/Form990ScheduleRPartII/EIN3274641831
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection1501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection2501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection3501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState1MN
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState2MN
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState3MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10ROCHESTER AREA FOUNDATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine11FIRST STEPS IN EDUCATION
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine12RAF PROPERTIES
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine13ROCHESTER COMMUNITY FINANCE
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0STRENGTHEN COMMUNITY PHILANTHROPY
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities1PROVIDE INFORMATION AND EDUCATION FOR CHILDREN ENTERING KINDERGARTEN
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities2TO RECEIVE, HOLD & DISBURSE ANY REAL PROPERTY FOR ROCHESTER AREA FOUNDATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities3PROVIDE INCREASED ACCESS TO CAPITAL FOR LOW INCOME FAMILIES/COMMUNITIES
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus07
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus17
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus211A TYPE I
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus311A TYPE I
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,083,974
Liabilities
$6,292,848
Net assets
$8,791,126
Revenue
-
Expenses
$811,522
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$3.93$16.0$2.97$1.95$1.02
2023Summary only. Only limited summary data is available for this year.$20.9$5.97$15.0$1.87$0.99$0.87
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$3.66$13.7$1.36$1.07$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$3.01$13.4$2.18$0.99$1.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$3.22$12.2$2.16$1.22$0.94
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.37$10.0$0.37$0.43$0.05
2018Summary only. Only limited summary data is available for this year.$10.4$0.33$10.1$0.59$0.54$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.10$10.0$0.51$0.53$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.32$10.0$0.37$0.27$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.63$9.95$1.10$0.19$0.91
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$1.86$9.04$0.42$0.23$0.20
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$2.52$8.84$0.59$0.41$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$4.83$8.67$0.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$6.29$8.79$0.81