Nonprofit · EIN 20-8964096
OPERATION FINALLY HOME
Tax-exempt · NEW BRAUNFELS, TX 78132
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,299,994 | $7,203,006 | -$903,012 | $11,704,679 | $997,299 | $10,707,380 |
| December 31, 2024 | 990 | $11,696,811 | $7,083,088 | $4,613,723 | $11,176,874 | $616,248 | $10,560,626 |
| December 31, 2023 | 990 | $7,323,776 | $6,917,806 | $405,970 | $6,250,428 | $831,196 | $5,419,232 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,082,353
- of which government grants
- $447,939
- Program service revenue
- $0
- Investment income
- $160,966
- Net income from fundraising events
- $4,986
- Other revenue
- $56,675
Expenses
- Grants and similar amounts paid
- $2,358,859
- Compensation of officers, directors and key employees
- $459,607
- Other salaries and wages
- $506,796
- Salaries, compensation and benefits (total)
- $1,427,872
- Professional fundraising fees
- $1,102,156
- Legal fees
- $1,344
- Accounting fees
- $28,898
- Occupancy
- $2,866
- Travel
- $114,294
- Depreciation
- $75,153
- Program services (functional)
- $5,324,656
- Management and general (functional)
- $321,359
- Fundraising (functional)
- $1,556,991
Balance sheet and other
- Total assets, start of year
- $11,176,874
- Total assets, end of year
- $11,704,679
- Total liabilities, end of year
- $997,299
- Net assets, end of year
- $10,707,380
- Land, buildings and equipment
- $140,614
- Publicly traded securities
- $8,872,314
- Net assets without donor restrictions
- $10,707,380
- Gross receipts
- $6,513,301
- Employees
- 14
- Volunteers
- 100
- Year formed
- 2005
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN WALLRATH | BOARD MEMBER, CO-CHAIRMAN Trustee or director, Officer | 40 | $177,655 |
| DAVID DREW | EXECUTIVE DIRECTOR Officer | 40 | $155,769 |
| MARY HALLIDAY | SENIOR VP OF MARKETING Officer | 40 | $126,183 |
| KATHERINE HERRIES | VP DONOR ENGAGEMENT Highest-paid employee | 40 | $104,077 |
| SHEENA BEAVER | VP OF OPERATIONS Highest-paid employee | 40 | $102,598 |
| RONNIE LYLES | BOARD MEMBER Trustee or director | 5 | $36,055 |
| AARON WALLRATH | BOARD MEMBER, CO-CHAIRMAN Trustee or director, Officer | 5 | $0 |
| GEN JERRY ICENHOWER | BOARD MEMBER, VICE-CHAIR Trustee or director, Officer | 5 | $0 |
| TERRY COLLINS | BOARD MEMBER, TREASURER Trustee or director, Officer | 5 | $0 |
| CHARLES ARNOLD | BOARD MEMBER, SECRETARY Trustee or director, Officer | 5 | $0 |
| TONI COLLETT | BOARD MEMBER Trustee or director | 5 | $0 |
| GARY HENLEY | BOARD MEMBER Trustee or director | 5 | $0 |
| LANA HENLEY | BOARD MEMBER Trustee or director | 5 | $0 |
| KEN SMITH | BOARD MEMBER Trustee or director | 5 | $0 |
| CAROL WALLRATH | BOARD MEMBER Trustee or director | 5 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE BUCCHI | BOARD MEMBER Trustee or director | 5 | $0 |
| RUTH COFFMAN | BOARD MEMBER Trustee or director | 5 | $0 |
| ANDREA LYLES | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSTY CARROLL | PRESIDENT Trustee or director, Officer | 40 | $178,213 |
| DAN WALLRATH | BOARD, CO-CHAIRMAN Trustee or director, Officer | 40 | $175,885 |
| DAVID DREW | EXECUTIVE DIRECTOR Officer | 40 | $150,000 |
| MARY HALLIDAY | SENIOR VP OF MARKETING Officer | 40 | $110,000 |
| RICH ANDERSON | BOARD Trustee or director | 5 | $0 |
| CHARLES ARNOLD | BOARD, SECRETARY Trustee or director | 5 | $0 |
| MIKE BUCCHI | BOARD Trustee or director | 5 | $0 |
| RUTH COFFMAN | BOARD Trustee or director | 5 | $0 |
| TONI COLLETT | BOARD Trustee or director | 5 | $0 |
| TERRY COLLINS | BOARD, TREASURER Trustee or director | 5 | $0 |
| GARY HENLEY | BOARD Trustee or director | 5 | $0 |
| LANA HENLEY | BOARD Trustee or director | 5 | $0 |
| GEN JERRY ICENHOWER | BOARD, VICE-CHAIR Trustee or director | 5 | $0 |
| RONNIE LYLES | BOARD Trustee or director | 5 | $0 |
| ANDREA LYLES | BOARD Trustee or director | 5 | $0 |
| KEN SMITH | BOARD Trustee or director | 5 | $0 |
| AARON WALLRATH | BOARD, CO-CHAIRMAN Trustee or director | 5 | $0 |
| CAROL WALLRATH | BOARD Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSSELL L CARROLL | PRESIDENT Officer | 40 | $177,470 |
| DAVID DREW | SENIOR VP OF OPERATIONS Officer | 40 | $153,510 |
| DANIEL D WALLRATH | CO-CHAIRMAN / FOUNDER Trustee or director, Officer | 40 | $0 |
| MIKE BUCCHI | BOARD MEMBER Trustee or director | 5 | $0 |
| LANA HENLEY | BOARD MEMBER Trustee or director | 5 | $0 |
| KEN SMITH | BOARD MEMBER Trustee or director | 5 | $0 |
| GEN WILLIE WILLIAMS | BOARD MEMBER Trustee or director | 5 | $0 |
| GEN JERRY ICENHOWER | VICE CHAIRMAN Trustee or director | 5 | $0 |
| GARY HENLEY | BOARD MEMBER Trustee or director | 5 | $0 |
| CHARLES ARNOLD | SECRETARY Trustee or director | 5 | $0 |
| CAROL WALLRATH | BOARD MEMBER Trustee or director | 5 | $0 |
| TONI COLLETT | BOARD MEMBER Trustee or director | 5 | $0 |
| TERRY COLLINS | TREASURER Trustee or director | 5 | $0 |
| AARON WALLRATH | CO-CHAIRMAN Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1659 STATE HIGHWAY 46 W STE 115-606, NEW BRAUNFELS, TX 78132-4745
- Principal officer (990 for 2025)
- DAVID DREW, 1659 STATE HWY 46 WEST 115, NEW BRAUNFELS, TX 78132
- Signed the 990
- DAVID DREW, EXECUTIVE DIRECTOR
- Phone
- (830) 632-6702
- Website
- WWW.OPERATIONFINALLYHOME.ORG
- Return prepared by
- ATCHLEY & ASSOCIATES LLP
Mission
OPERATION FINALLY HOME'S MISSION IS TO PROVIDE HOMES AND HOME MODIFICATIONS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICES TO COUNTRY AND COMMUNITY. WE BRING TOGETHER CORPORATE SPONSORS, (SEE SCHEDULE O)BUILDER ASSOCIATIONS, BUILDERS, REMODELERS, DEVELOPERS, INDIVIDUAL CONTRIBUTORS, AND VOLUNTEERS TO HELP THESE HEROES AND THEIR FAMILIES BY ADDRESSING ONE OF THEIR MOST PRESSING NEEDS - A PLACE TO CALL HOME.
Program accomplishments
- TO PROVIDE HOMES TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 5 HOMES WERE BUILT IN 2025 FOR WOUNDED VETERANS.Expenses $4,827,108 · grants $2,138,442
- TO PROVIDE TRANSITIONAL HOMES TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 5 TRANSITIONAL HOMES WERE BUILT IN 2025 FOR WOUNDED VETERANS.Expenses $383,935 · grants $170,086
- TO PROVIDE HOME MODIFICATIONS AND REMODELS TO AMERICA'S MILITARY HEROES, FIRST RESPONDERS AND THEIR FAMILIES WHO HAVE SACRIFICED SO MUCH IN SERVICE TO COUNTRY AND COMMUNITY. 51 HOMES WERE REMODELED/MODIFIED IN 2025 FOR WOUNDED VETERANS.Expenses $113,613 · grants $50,331
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8964096
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $11,704,679
- Income (IRS master file)
- $6,513,301
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,299,994 | $7,203,006 | $11,704,679 | IRS |
| 990 | December 2024 | $11,696,811 | $7,083,088 | $11,176,874 | XML |
| 990 | December 2023 | $7,323,776 | $6,917,806 | $6,250,428 | XML |
| 990 | December 2022 | $9,808,854 | $10,301,540 | $6,586,831 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8964096).
Questions about OPERATION FINALLY HOME
- What is the EIN of OPERATION FINALLY HOME?
- The employer identification number (EIN) of OPERATION FINALLY HOME is 20-8964096.
- Is OPERATION FINALLY HOME tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to OPERATION FINALLY HOME tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPERATION FINALLY HOME file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPERATION FINALLY HOME due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPERATION FINALLY HOME last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OPERATION FINALLY HOME?
- The 990 for the year ended December 31, 2025 names DAVID DREW.
- Who are the officers and directors of OPERATION FINALLY HOME?
- The 990 for the year ended December 31, 2025 lists 18 people; 6 received compensation from the organization, the highest $177,655 (DAN WALLRATH, BOARD MEMBER, CO-CHAIRMAN).
- How much revenue does OPERATION FINALLY HOME have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,299,994, expenses of $7,203,006 and total assets of $11,704,679 at year end.
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