Civic Intelligence

First Homes Properties

990 • Fiscal year 2023 • EIN 41-2004557

Jan 01, 2023 to Dec 31, 2023

Rochester, MN
Siviq Scores

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

Liabilities / Assets

60th percentile

0.28x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

3.20x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

37%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$20,946,653

Up $3,576,458 (+21%) from 2022

Net Assets

Up

$14,981,299

Up $1,272,892 (+9.3%) from 2022

Liabilities

Up

$5,965,354

Up $2,303,566 (+63%) from 2022

Revenue

Up

$1,865,211

Up $503,340 (+37%) from 2022

Expenses

Down

$992,319

Down $79,944 (-7.5%) from 2022

Net Income

Up

$872,892

Up $583,284 (+201%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$20,946,653
Liabilities$5,965,354
Net Assets$14,981,299

Operations Trend

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

2023

Revenue$1,865,211
Expenses$992,319
Net Income$872,892
Filing Detail Status

This 2023 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

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Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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