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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter First Homes Properties

First Homes Properties

Fiscal year ending 2024. Filed on December 23, 2025.

12 Elton Hills Dr NW
Rochester, Minnesota 55901

First Homes Properties (EIN: 41-2004557) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, First Homes Properties, a 501(c)(3) charitable organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $176,124. The highest compensated employee at First Homes Properties is Jennifer Woodford with fiscal year 2024 compensation of $176,124.

Revenue, expenses, and employee compensation

Revenue

$2,969,106

Expenses

$1,953,116

Employee compensation

$375,077
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jennifer Woodford
President
$176,124
$41,741 $125,223 $9,160

Benchmark Employee Compensation

Non-Employee Board Members

Alyssa Fordham Vagt
Secretary
Chris Stroud
Director
Kim Woodruff
Vice Chair
Laurel Podulke-Smith
Director
Lisa Lundquist
Chair
Mark Thein
Director
Melissa Dickison
Director
Mike Becker
Chair (Until 5/14/24)
Mike Paradise
Director
Sara Govrik
Director
Sara Tekle
Director
Tamsen Leimer
Treasurer

Contractors

Chris Kurth Construction
Construction
$699,109
Key Builders Inc.
Construction
$132,672

Mission Statement

TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE-INCOME HOUSEHOLDS IN SOUTHEASTERN MINNESOTA COUNTIES TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE.

Revisions to this organization profile

December 23, 2025:
Amended (originally filed November 14, 2025)2024 First Homes Properties 990 filed
November 13, 2024:
2023 First Homes Properties 990 filed
November 15, 2023:
2022 First Homes Properties 990 filed

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