PLATINUM2024

Operation Finally Home

Honoring Heroes with Homes

New Braunfels, TX   |  www.operationfinallyhome.org
GuideStar Charity Check

Operation Finally Home

EIN: 20-8964096


Mission

Operation Finally Home provides homes and home modifications to America's military heroes, first responders and their families who have sacrificed so much in their service to country and community. We bring together corporate sponsors, 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 home to call their own.

Ruling year info

2010

President

Mr. Russell Carroll

Main address

1659 State Highway 46 West Suite 115-606

New Braunfels, TX 78132 USA

Show more contact info

Formerly known as

BABA Support Our Troops

EIN

20-8964096

Subject area info

Housing development

Shelter and residential care

Population served info

Families

Widows and widowers

Veterans

Emergency responders

NTEE code info

Fund Raising and/or Fund Distribution (L12)

What we aim to solve

SOURCE: Self-reported by organization

At Operation Finally Home we are working to provide stable and safe housing to those that have served us with a focus on wounded, ill and injured veterans, first responders and their families.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Single-Family Homes

Operation Finally Home provides custom-built, mortgage-free homes to wounded, ill and injured veterans, first responders and their families.

Population(s) Served
Veterans
Families
Widows and widowers
Emergency responders

Operation Finally Home provides home modifications to wounded, ill and injured veterans, first responders and their families.

Population(s) Served
Widows and widowers
Emergency responders
Veterans
Families

Operation Finally Home provides transitional housing to wounded, ill and injured veterans, first responders and their families. Our mission, to date, has been fulfilled by working with high school and university construction trade programs to build the homes that are then provided to organizations that operate transitional housing communities.

Population(s) Served
Veterans
Families
Emergency responders
Widows and widowers

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of awarded residencies

This metric is no longer tracked.
Totals By Year
Population(s) Served

Families, Veterans, Widows and widowers, Emergency responders

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We provide mortgage-free homes and home modifications to wounded, ill and injured veterans, first responders and their families. The number of projects completed is the centerpiece of our mission.

Number of health outcomes improved

This metric is no longer tracked.
Totals By Year
Population(s) Served

Families, Veterans, Emergency responders, Widows and widowers

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The health of those we serve is improved when the financial burden of housing is removed. With security of a safe home provided, families are able to focus on other areas of healing.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our organization is aiming to provide a strong foundation for our wounded, ill and injured veterans, first responders and their families to move forward with their lives. With the gift of a mortgage-free home, home modification or transitional housing the veteran, first responder and their families are able to remove a significant hurdle that they themselves would not have been able to do.

Our strategy is to expand upon our successful and proven process of bringing the community together to provide these homes and modifications to our wounded, ill and injured veterans, first responders and their families. With processes in place and resources growing at an equal rate, we will be able to provide more housing opportunities. In addition, while staying true to our processes, culture and values, we will expand into complimentary areas such as multi-family development and in doing so, serve more veterans and first responders.

Operation Finally Home has a strong foundation of military, first responder, building and non-profit management experience that will allow us to grow efficiently and effectively. Having the right people in place coupled with sound business practices founded in faith and action has proven successful and we will continue with these efforts. In addition, continuing to partner with key individual, business, corporation and foundation partners will allow us to meet our goal.

Operation Finally Home has over 430 projects that have been completed or are in planning since 2005. This growth is attributed to the strong organizational foundation coupled with sound and proven business practices and an American public that wants to honor those that have served us. We have established a team that follows and continuously improves upon the processes in place while staying true to our core beliefs and values. While we consider ourselves to be successful, we have not been able to grow as fast as we would like relative to the need, but we are moving positively in that direction. To meet the need, our fundraising efforts will need to increase to support the increase in infrastructure.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, It is difficult to get honest feedback from the people we serve

Financials

Operation Finally Home
Fiscal year: Jan 01 - Dec 31
Financial documents
2023 2023 Audit 2022 2022 Audit
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

3.03

Average of 7.20 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.6

Average of 2 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

7%

Average of 7% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Operation Finally Home

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Operation Finally Home

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Operation Finally Home

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Operation Finally Home’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $2,753 -$244,605 $1,188,072 $1,225,739 -$554,452
As % of expenses 0.0% -3.6% 18.9% 17.1% -5.4%
Unrestricted surplus (deficit) after depreciation -$16,189 -$270,508 $1,157,783 $1,195,419 -$588,297
As % of expenses -0.3% -3.9% 18.3% 16.6% -5.7%
Revenue composition info
Total revenue (unrestricted & restricted) $5,666,395 $6,394,018 $7,766,478 $8,319,358 $9,808,854
Total revenue, % change over prior year -22.0% 12.8% 21.5% 7.1% 17.9%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.8% 0.8% 0.3% 0.1% 0.2%
Government grants 2.2% 2.6% 3.6% 7.3% 4.5%
All other grants and contributions 95.0% 96.1% 93.7% 92.3% 95.5%
Other revenue 1.9% 0.5% 2.4% 0.3% -0.3%
Expense composition info
Total expenses before depreciation $5,551,347 $6,828,121 $6,285,561 $7,173,860 $10,267,695
Total expenses, % change over prior year -19.4% 23.0% -7.9% 14.1% 43.1%
Personnel 18.2% 15.7% 13.5% 12.3% 9.0%
Professional fees 23.9% 29.3% 32.7% 30.1% 19.1%
Occupancy 0.4% 0.3% 0.3% 0.3% 0.2%
Interest 0.0% 0.0% 0.1% 0.1% 0.1%
Pass-through 46.3% 45.0% 43.9% 46.1% 60.4%
All other expenses 11.1% 9.7% 9.5% 11.2% 11.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $5,570,289 $6,854,024 $6,315,850 $7,204,180 $10,301,540
One month of savings $462,612 $569,010 $523,797 $597,822 $855,641
Debt principal payment $6,388 $0 $0 $236,912 $0
Fixed asset additions $0 $86,220 $0 $0 $36,610
Total full costs (estimated) $6,039,289 $7,509,254 $6,839,647 $8,038,914 $11,193,791

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.4 1.6 2.8 2.3 0.6
Months of cash and investments 7.3 5.3 7.9 9.2 5.8
Months of estimated liquid unrestricted net assets 7.1 5.3 8.2 9.1 5.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,578,500 $887,157 $1,463,122 $1,368,916 $541,986
Investments $1,801,984 $2,143,428 $2,682,105 $4,156,131 $4,403,039
Receivables $49,211 $142,160 $360,692 $30,830 $180,044
Gross land, buildings, equipment (LBE) $365,879 $329,747 $267,119 $254,119 $271,744
Accumulated depreciation (as a % of LBE) 68.8% 47.1% 46.3% 60.6% 62.2%
Liabilities (as a % of assets) 21.8% 18.8% 18.6% 17.1% 25.7%
Unrestricted net assets $3,399,322 $3,128,814 $4,286,597 $5,482,016 $4,893,719
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $3,399,322 $3,128,814 $4,286,597 $5,482,016 $4,893,719

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Mr. Russell Carroll

Russell Carroll has served as President since June of 2013. Mr. Carroll along with the great team at Operation Finally Home, has experienced significant growth with over 430 projects completed or in planning in over 30 states. Prior to Operation Finally Home, Mr. Carroll worked for LP Building Products, an international manufacturer of engineered-wood products used in single-family, multi-family and commercial applications. Mr. Carroll spent 20-years with LP Building Products serving in several leadership position's with his last role being Director of Corporate Marketing. In his role, Mr. Carroll was responsible for overall brand management for the corporation as well as providing marketing support to each of the companies core business segments which included the OSB Business, The SmartSide Business and the Engineered-Wood Business. Mr. Carroll also served as Vice-President of the LP Foundation which lead and executed the organizations philanthropic efforts.

Number of employees

Source: IRS Form 990

Operation Finally Home

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Operation Finally Home

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Operation Finally Home

Board of directors
as of 03/28/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Dan Wallrath


Board co-chair

Aaron Wallrath

Wallrath Custom Homes

Term: 2019 - 2025

Aaron Wallrath

Wallrath Custom Homes

Terry Collins

Dynamic Builders

Toni Collett

Hurricane Construction

Carol Wallrath

Champion Homes (retired)

Charles Arnold

Westbound Bank (Ret.)

Jerry Icenhower

US Army (Ret.)

Ken Smith

Luminant (Ret.)

Gary Henley

Henley Homes

Lana Henley

Henley Homes

Mike Bucchi

US Navy (Ret.)

Willie Williams

US Marines (Ret.)

Russell Carroll

Operation Finally Home

Dan Wallrath

Champion Homes

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 9/21/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 01/27/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser