Nonprofit · EIN 94-3124800
HOMES FIRST
Tax-exempt · LACEY, WA 98503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,746,555 | $2,084,265 | -$337,710 | $15,808,173 | $13,590,025 | $2,218,148 |
| December 31, 2023 | 990 | $2,671,665 | $2,009,733 | $661,932 | $13,514,993 | $10,959,135 | $2,555,858 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $519,457
- of which government grants
- $200,143
- Program service revenue
- $1,235,871
- Investment income
- $3,667
- Net income from fundraising events
- -$21,947
- Other revenue
- -$12,440
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,000
- Other salaries and wages
- $572,681
- Salaries, compensation and benefits (total)
- $870,909
- Professional fundraising fees
- $0
- Occupancy
- $405,962
- Travel
- $3,739
- Depreciation
- $330,625
- Program services (functional)
- $1,427,318
- Management and general (functional)
- $539,967
- Fundraising (functional)
- $116,980
Balance sheet and other
- Total assets, start of year
- $13,514,993
- Total assets, end of year
- $15,808,173
- Total liabilities, end of year
- $13,590,025
- Net assets, end of year
- $2,218,148
- Land, buildings and equipment
- $15,296,081
- Net assets without donor restrictions
- $1,913,192
- Net assets with donor restrictions
- $304,956
- Gross receipts
- $1,769,517
- Employees
- 16
- Volunteers
- 10
- Year formed
- 1990
- State of legal domicile
- WA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUDY SOUCOUP | CEO Officer | 40 | $125,000 |
| WAYNE SOUZA | DIRECTOR Trustee or director | 0.25 | $0 |
| THOMASINA COOPER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRIS LESTER | CHAIR Trustee or director | 0.25 | $0 |
| DANNETTE MOLINA | DIRECTOR Trustee or director | 0.25 | $0 |
| RENEE LEWIS | TREASURER Trustee or director, Officer | 1 | $0 |
| JEANNINE ROE | SECRETARY Trustee or director | 0.5 | $0 |
| SHANNON GLENN | DIRECTOR Trustee or director | 0.1 | $0 |
| EVETTE TEMPLE | CHAIR Trustee or director, Officer | 1 | $0 |
| RACHEL SCHMIDT | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| OLIVIA HICKERSON | DIRECTOR Trustee or director | 0.5 | $0 |
| DAINIELLE BRYANT | DIRECTOR Trustee or director | 0.5 | $0 |
| DANIEL BRYANT | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRUDY SOUCOUP | CEO Officer | 40 | $110,000 | $3,300 |
| WAYNE SOUZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMASINA COOPER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOEY DEBAKKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS LESTER | PRESIDENT/CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEATTA DAHLHOFF | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANNETTE MOLINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANINE ROE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON GLENN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVETTE TEMPLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RACHEL SCHMIDT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5203 LACEY BLVD SE STE A, LACEY, WA 98503-7236
- Principal officer (990 for 2024)
- OLIVIA HICKERSON, 5203 LACEY BLVD SE A, LACEY, WA 98503
- Signed the 990
- OLIVIA HICKERSON, TREASURER
- Phone
- (360) 236-0920
- Website
- HOMESFIRST.ORG
- Return prepared by
- JOHNSON STONE & PAGANO PS
Mission
TO CREATE AND MAINTAIN SAFE, HEALTHY, AND AFFORDABLE RENTAL HOMES FOR THOSE WHO NEED THEM MOST.
Program accomplishments
- THIS TRANSFORMATIVE YEAR AT HOMES FIRST HAS SEEN REMARKABLE PROGRESS IN ADDRESSING HOUSING INSECURITY ACROSS THURSTON COUNTY. THROUGH DEDICATED STAFF, GENEROUS DONORS, AND TRUSTED PARTNERSHIPS, WE'VE HELPED HUNDREDS OF FAMILIES FIND STABILITY THROUGH AFFORDABLE HOUSING.KEY ACHIEVEMENTS INCLUDE EXPANDING OUR PORTFOLIO TO 61 RENTAL HOMES SERVING OVER 300 RESIDENTS WHILE MAINTAINING BELOW-MARKET RENTAL RATES AND A 95% OCCUPANCY RATE. OUR PARTNERSHIPS WITH THURSTON COUNTY HOUSING AUTHORITY AND LOCAL SERVICE PROVIDERS HAVE ENHANCED OUR ABILITY TO SUPPORT DIVERSE RESIDENT NEEDS, FROM SENIORS AGING IN PLACE TO FAMILIES BUILDING FINANCIAL INDEPENDENCE.WE REMAIN COMMITTED TO OUR CORE BELIEF THAT STABLE HOUSING FORMS THE FOUNDATION OF COMMUNITY WELLBEING.Expenses $1,427,318 · revenue $1,245,378
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 | Not 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
- 94-3124800
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O40Z)
- Assets (IRS master file)
- $15,808,173
- Income (IRS master file)
- $1,769,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,746,555 | $2,084,265 | $15,808,173 | XML |
| 990 | December 2023 | $2,671,665 | $2,009,733 | $13,514,993 | XML |
| 990 | December 2022 | $2,111,144 | $1,626,305 | $11,168,103 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 94-3124800).
Questions about HOMES FIRST
- What is the EIN of HOMES FIRST?
- The employer identification number (EIN) of HOMES FIRST is 94-3124800.
- Is HOMES FIRST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to HOMES FIRST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMES FIRST 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 HOMES FIRST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMES FIRST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOMES FIRST?
- The 990 for the year ended December 31, 2024 names OLIVIA HICKERSON.
- Who are the officers and directors of HOMES FIRST?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $125,000 (TRUDY SOUCOUP, CEO).
- How much revenue does HOMES FIRST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,746,555, expenses of $2,084,265 and total assets of $15,808,173 at year end.
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