Nonprofit · EIN 32-0026605
FIRST HOME ALLIANCE INC
Tax-exempt · FALLS CHURCH, VA 22042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $350,831 | $579,310 | -$228,479 | $13,894 | $350,716 | -$336,822 |
| December 31, 2023 | 990 | $852,284 | $913,251 | -$60,967 | $68,012 | $176,355 | -$108,343 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $350,831
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $311,168
- Salaries, compensation and benefits (total)
- $340,844
- Professional fundraising fees
- $0
- Legal fees
- $849
- Accounting fees
- $31,850
- Occupancy
- $14,475
- Travel
- $17,148
- Program services (functional)
- $542,187
- Management and general (functional)
- $37,123
Balance sheet and other
- Total assets, start of year
- $68,012
- Total assets, end of year
- $13,894
- Total liabilities, end of year
- $350,716
- Net assets, end of year
- -$336,822
- Net assets without donor restrictions
- -$336,822
- Gross receipts
- $350,831
- Employees
- 4
- Year formed
- 2002
- State of legal domicile
- VA
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 |
|---|---|---|---|
| Larry Laws | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $0 |
| Donald Scoggins | Chairman of the Board Trustee or director, Officer | 1 | $0 |
| Duwan Cratch | Secretary Trustee or director, Officer | 1 | $0 |
| Shauna Davey | Treasurer Trustee or director, Officer | 1 | $0 |
| Thomas Hunt | Director Trustee or director | 1 | $0 |
| Lori WIllis | Director Trustee or director | 1 | $0 |
| Netta Ayesh | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Laws | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $0 |
| Donald Scoggins | Chairman of the Board Trustee or director, Officer | 1 | $0 |
| Duwan Cratch | Secretary Trustee or director, Officer | 1 | $0 |
| Shauna Davey | Treasurer Trustee or director, Officer | 1 | $0 |
| Thomas Hunt | Director Trustee or director | 1 | $0 |
| Lori WIllis | Director Trustee or director | 1 | $0 |
| Netta Ayesh | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3203 GRAHAM RD, FALLS CHURCH, VA 22042-3735
- Principal officer (990 for 2024)
- Larry J Laws SR, 3203 Graham Rd, Falls Church, VA 22042
- Signed the 990
- Larry J Laws SR, Executive Director
- Phone
- (703) 580-8838
- Return prepared by
- John S Gray CPA PC
Mission
The Organization provides homebuyer education programs in financial literacy, introduction to home ownership, foreclosure prevention, loss mitigation and one on one counseling.
Program accomplishments
- Under its homebuyer education programs, the Organization assisted hundreds of homebuyers in financial literacy, introduction to home ownership and foreclosure intervention.Expenses $542,187 · revenue $350,831
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
- 32-0026605
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $13,894
- Income (IRS master file)
- $350,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $350,831 | $579,310 | $13,894 | XML |
| 990 | December 2023 | $852,284 | $913,251 | $68,012 | XML |
| 990 | December 2022 | $646,062 | $789,060 | $53,259 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 32-0026605).
Questions about FIRST HOME ALLIANCE INC
- What is the EIN of FIRST HOME ALLIANCE INC?
- The employer identification number (EIN) of FIRST HOME ALLIANCE INC is 32-0026605.
- Is FIRST HOME ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to FIRST HOME ALLIANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST HOME ALLIANCE INC 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 FIRST HOME ALLIANCE INC 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 FIRST HOME ALLIANCE INC 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 FIRST HOME ALLIANCE INC?
- The 990 for the year ended December 31, 2024 names Larry J Laws SR.
- Who are the officers and directors of FIRST HOME ALLIANCE INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FIRST HOME ALLIANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $350,831, expenses of $579,310 and total assets of $13,894 at year end.
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