Operation Finally Home: FY2020 Nonprofit Profile & Form 990 (EIN 20-8964096)

Dan Wallrath’s $178K as Board Member, Co-Chairman is at the 81st percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Rusty Carroll	—	$178,213	—	—	—	—
Dan Wallrath	$177,655	$175,885	—	—	—	—
Russell L Carroll	—	—	$177,470	—	—	—
Daniel D Wallrath	—	—	—	—	$170,502	$170,128
Russell Carroll	—	—	—	$168,527	$151,929	$147,137
David Drew	$155,769	$150,000	$153,510	$122,602	—	—
Mary Halliday	$126,183	$110,000	—	—	—	—
Katherine Herries	$104,077	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Operation Finally Home executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds and modifies homes for military heroes and their families.

Questions for Operation Finally Home

Tap to ask. Operation Finally Home sees how many people are interested.

Your first name shows with your question. Operation Finally Home answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $3.8M · in their own filed words · FY2020

01

To provide homes to america's military heroes and the widows of the fallen who have sacrificed so much to defend our freedoms and values. 12 homes were built in 2020 for wounded veterans.

$3.4Mprogram expense

02

To provide home remodels and modifications to america's military heroes and the widows of the fallen who have sacrificed so much to defend our freedoms and values. 29 homes were REMODELED/MODIFIED in 2020 for wounded veterans.

$480Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Texas Builders FoundationFY2025$30K

House for Hope FoundationFY2025$1K

The H and R Peters Family FoundationFY2025$1K

Total grants receivedfrom 3 funders$32K

See all 3 funders →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$7.8M

Ln 12

Gifts and grantsLn 1h$7.5M

Other incomeLn 4–11$201K

Investment incomeLn 3$45K

Money outPt IX

$6.3M

Ln 25

Programscol B$3.8M

Managementcol C$445K

Fundraisingcol D$2.0M

Owns and owesPt X

$4.3M

net assets · Ln 32

Cash and savingsLn 1–2$1.5M

Total assetsLn 16$5.3M

LiabilitiesLn 26$981K

PeoplePt VI, VII

14

listed · VII A

PaidVII A2

Voting boardVI 1a13

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.5M

Government grantsLn 1e$281K

Noncash giftsLn 1g$904K

Investment incomeLn 3$45K

Other incomeLn 4–11$201K

Gains on assetsLn 7$25K

Total revenueLn 12$7.8M

Assets in detailPt X, end of year

CashLn 1$597K

SavingsLn 2$867K

Cash and savings togetherLn 1–2$1.5M

InvestmentsLn 11–13$2.7M

Land, buildings, equipmentLn 10c$143K

Other assetsLn 15$618K

Total assetsLn 16$5.3M

LiabilitiesLn 26$981K

Net assetsLn 32$4.3M

OperationsPt I, VI

EmployeesI 514

VolunteersI 6100

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$887K	$1.5M
InvestmentsLn 11–13	$2.1M	$2.7M
Land, buildings, equipmentLn 10c	$174K	$143K
Total assetsLn 16	$3.9M	$5.3M
LiabilitiesLn 26	$724K	$981K
Net assetsLn 32	$3.1M	$4.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.8M	$2.8M
Pay of current officers, directors and key staffLn 5	$317K	$235K	$70K	$13K
Other salaries and wagesLn 7	$469K	$345K	$105K	$19K
Payroll taxesLn 10	$64K	$47K	$14K	$3K
Professional fundraising feesLn 11e	$1.9M			$1.9M
Investment management feesLn 11f	$8K		$8K
Other fees for servicesLn 11g	$147K	$96K	$37K	$14K
Advertising and promotionLn 12	$263K	$88K	$113K	$63K
Office expensesLn 13	$152K	$111K	$26K	$14K
Information technologyLn 14	$817	$817
OccupancyLn 16	$18K	$14K	$4K	$922
TravelLn 17	$48K	$45K	$80	$3K
InterestLn 20	$6K		$6K
Depreciation, depletion and amortizationLn 22	$30K	$22K	$6K	$2K
InsuranceLn 23	$13K	$936	$12K
Other expenses (24a–d)Ln 24	$113K	$65K	$44K	$5K
All other expensesLn 24e	$5K	$5K
Total functional expensesLn 25	$6.3M	$3.8M	$445K	$2.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$6.3M	$7.2M	−$903K	$10.7M	990 PDF
FY2024	$11.7M	$7.1M	$4.6M	$10.6M	990 PDF
FY2023	$7.3M	$6.9M	$406K	$5.4M	990 PDF
FY2022	$9.8M	$10.3M	−$493K	$4.9M	990 PDF
FY2021	$8.3M	$7.2M	$1.1M	$5.5M	990 PDF
FY2020 Viewing	$7.8M	$6.3M	$1.5M	$4.3M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $7,766,478 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,102,999$7,520,758

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $70,669$44,908

I-11 Other revenuePrior year $220,350$200,812

I-12 Total revenuePrior year $6,394,018$7,766,478

I-13 Grants and similar amounts paidPrior year $3,069,917$2,762,105

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,071,863$850,834

I-16a Professional fundraising feesPrior year $1,843,823$1,898,204

I-17 Other expensesPrior year $868,421$804,707

I-18 Total expensesPrior year $6,854,024$6,315,850

I-19 Revenue less expensesPrior year −$460,006$1,450,628

Part VI · Governance 10 of 13 board members independent, 1 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $7,766,478 across 9 lines filed

VIII-1e Government grants$280,742

VIII-1f All other contributions, gifts and grants$7,240,016

VIII-1g Noncash contributions (included above)$903,504

VIII-1h Total contributions, gifts and grants$7,520,758

VIII-3 Investment incomeExcluded from tax $19,531$19,531

VIII-7 Net gain or loss on sales of assetsRelated to mission $25,377$25,377

VIII-8 Net income from fundraising eventsExcluded from tax $36,416$36,416

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $164,396$164,396

VIII-12 Total revenueRelated to mission $25,377 · Unrelated business $0 · Excluded from tax $220,343$7,766,478

Part IX · Statement of functional expenses $6,315,850 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $2,762,105$2,762,105

IX-5 Pay of current officers, directors and key staffPrograms $234,777 · Management $69,799 · Fundraising $12,691$317,267

IX-7 Other salaries and wagesPrograms $344,515 · Management $105,419 · Fundraising $19,492$469,426

IX-10 Payroll taxesPrograms $47,231 · Management $14,286 · Fundraising $2,624$64,141

IX-11e Professional fundraising feesFundraising $1,898,204$1,898,204

IX-11f Investment management feesManagement $7,660$7,660

IX-11g Other fees for servicesPrograms $95,943 · Management $37,210 · Fundraising $13,697$146,850

IX-12 Advertising and promotionPrograms $87,834 · Management $112,504 · Fundraising $62,657$262,995

IX-13 Office expensesPrograms $111,435 · Management $26,288 · Fundraising $13,973$151,696

IX-14 Information technologyPrograms $817$817

IX-16 OccupancyPrograms $13,831 · Management $3,688 · Fundraising $922$18,441

IX-17 TravelPrograms $45,403 · Management $80 · Fundraising $2,647$48,130

IX-20 InterestManagement $5,781$5,781

IX-22 Depreciation, depletion and amortizationPrograms $22,308 · Management $5,618 · Fundraising $2,363$30,289

IX-23 InsurancePrograms $936 · Management $12,354$13,290

IX-24 Other expenses (24a–d)Programs $64,967 · Management $43,821 · Fundraising $4,571$113,359

IX-24e All other expensesPrograms $5,399$5,399

IX-25 Total functional expensesPrograms $3,837,501 · Management $444,508 · Fundraising $2,033,841$6,315,850

Part X · Balance sheet $5,267,169 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $310,021$596,596

X-2 Savings and temporary cash investmentsStart of year $577,136$866,526

X-4 Accounts receivableStart of year $142,160$360,692

X-10c Land, buildings and equipment, netStart of year $174,450$143,339

X-11 Publicly traded securitiesStart of year $2,143,428$2,682,105

X-15 Other assetsStart of year $505,445$617,911

X-16 Total assetsStart of year $3,852,640$5,267,169

X-17 Accounts payable and accrued expensesStart of year $154,697$66,908

X-24 Unsecured notes and loans payable$168,460

X-25 Other liabilitiesStart of year $503,645$616,111

X-26 Total liabilitiesStart of year $723,826$980,572

X-27 Net assets without donor restrictionsStart of year $3,128,814$4,286,597

X-32 Total net assets or fund balancesStart of year $3,128,814$4,286,597

X-33 Total liabilities and net assetsStart of year $3,852,640$5,267,169

Part XI · Reconciliation of net assets $4,286,597 net assets at year end

XI-1 Total revenue$7,766,478

XI-2 Total expenses$6,315,850

XI-3 Revenue less expenses$1,450,628

XI-4 Net assets at start of year$3,128,814

XI-5 Net unrealized gains (losses) on investments−$292,845

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,286,597

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Operation Finally Home FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid