First Story

Organization Overview

First Story is located in Bend, OR. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Story is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, First Story generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FIRST STORY PROVIDES QUALITY AFFORDABLE HOUSING THROUGH A 30-YEAR, ZERO-INTEREST AND ZERO-DOWN HOME LOAN TO LOWER-INCOME FAMILIES (DEFINED AS BELOW 80% OF AREA MEDIAN INCOME). IN ADDITION, FIRST STORY PROVIDES FINANCIAL SUPPORT TO LOW-INCOME INDIVIDUALS, PERSONS IN NEED AND AT-RISK YOUTH AND FUNDING FOR HOUSING/SHELTER SERVICES, HUNGER RELIEF, EMERGENCY AID, AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATIONS MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ASSISTANCE AND FINANCIAL SUPPORT TO LOW-INCOME FAMILIES,PERSONS IN NEED AND AT-RISK YOUTH, PROVIDE FUNDING FOR HOUSING/SHELTER SERVICES, EMERGENCY RELIEF AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATION'S MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Alicia Moore
Secretary
$0
Stephanie Alvstad
Treasurer
$0
Caleb Anderson
President
$0
Chris Davis
Trustee
$0
Tim Knopp
Trustee
$0
Scott Knox
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$236,313
Related organizations$915,268
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$901,328
Noncash contributions included in lines 1a–1f $323,099
Total Revenue from Contributions, Gifts, Grants & Similar$2,052,909
Total Program Service Revenue$1,812,441
Investment income $221,080
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $83,142
Net Income from Fundraising Events -$110,002
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,059,570

Grants Recieved

Over the last fiscal year, we have identified 7 grants that First Story has recieved totaling $63,011.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: HOUSING, SHELTER

$25,000
W M Keck Foundation

Los Angeles, CA

PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE PURPOSES

$10,000
Washington Federal Foundation

Seattle, WA

PURPOSE: AFFORDABLE HOUSING

$10,000
Marie Lamfrom Charitable Foundation 091898

Wilsonville, OR

PURPOSE: AFFORDABLE HOMEOWNERSHIP FOR LOW-INCOME FAMILIES

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$5,250
Nw Self Storage Foundation

Bend, OR

PURPOSE: MAKING HOMEOWNERSHIP AFFORDABLE

$2,000
View Grant Recipient Profile

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