Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990; $291K paid to officers and key staff (Part VII, Section A).
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 →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
Your first name shows with your question. Operation Finally Home answers here, for everyone.
To provide homes to america's military heroes, first responders and their families who have sacrificed so much in service to country and community. 18 homes were built in 2022 for wounded veterans.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8964096) · Dispute this lineTo provide home modifications and remodels to america's military heroes, first responders and their families who have sacrificed so much in service to country and community. 18 homes were REMODELED/MODIFIED in 2022 for wounded veterans.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8964096) · Dispute this lineTo provide transitional homes to america's military heroes, first responders and their families who have sacrificed so much in service to country and community. 5 transitional homes were built in 2022 for wounded veterans.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8964096) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $542K |
| InvestmentsLn 11–13 | $4.2M | $4.4M |
| Land, buildings, equipmentLn 10c | $100K | $103K |
| Total assetsLn 16 | $6.6M | $6.6M |
| LiabilitiesLn 26 | $1.1M | $1.7M |
| Net assetsLn 32 | $5.5M | $4.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $6.2M | $6.2M | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $169K | $84K | $67K | $17K |
| Other salaries and wagesLn 7 | $694K | $629K | $58K | $7K |
| Payroll taxesLn 10 | $65K | $53K | $9K | $2K |
| Professional fundraising feesLn 11e | $1.8M | $1.8M | ||
| Investment management feesLn 11f | $6K | $6K | ||
| Other fees for servicesLn 11g | $157K | $102K | $40K | $15K |
| Advertising and promotionLn 12 | $438K | $210K | $164K | $64K |
| Office expensesLn 13 | $30K | $16K | $11K | $3K |
| OccupancyLn 16 | $22K | $18K | $4K | $1K |
| TravelLn 17 | $174K | $78K | $89K | $6K |
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $34K | $29K | $4K | $607 |
| InsuranceLn 23 | $13K | $1K | $12K | |
| Other expenses (24a–d)Ln 24 | $469K | $434K | $29K | $7K |
| All other expensesLn 24e | $21K | $10K | $11K | $634 |
| Total functional expensesLn 25 | $10.3M | $7.9M | $512K | $1.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 28, 2026 | $6.3M | $7.2M | −$903K | $10.7M | 990 PDF |
| FY2024Filed with the IRS Apr 11, 2025 | $11.7M | $7.1M | $4.6M | $10.6M | 990 PDF |
| FY2023Filed with the IRS Mar 28, 2024 | $7.3M | $6.9M | $406K | $5.4M | 990 PDF |
| FY2022 ViewingFiled with the IRS Mar 21, 2023 | $9.8M | $10.3M | −$493K | $4.9M | 990 PDF |
| FY2021Filed with the IRS Mar 23, 2022 | $8.3M | $7.2M | $1.1M | $5.5M | 990 PDF |
| FY2020Filed with the IRS Apr 26, 2021 | $7.8M | $6.3M | $1.5M | $4.3M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $9,808,854 revenue, 12 lines filed
Part VI · Governance 9 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $9,808,854 across 9 lines filed
Part IX · Statement of functional expenses $10,301,540 across 16 lines filed
Part X · Balance sheet $6,586,831 assets, 14 lines filed
Part XI · Reconciliation of net assets $4,893,719 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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