FIRST TO SERVE INC

EIN: 912167028 501(c)(3) Mental Health

LOS ANGELES, CA

Total Revenue
$31,431,066
Total Expenses
$31,075,179
Total Assets
$16,395,409
Net Assets
$3,211,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Principal Officer
REV RICHARD REED
Phone
3237584670
Tax Period
2024-01-01 to 2024-12-31

FIRST TO SERVE INC, founded in 2003, is a mid-sized nonprofit in the Mental Health sector that reported $31.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

FIRST TO SERVE INC MISSION IS TO PROVIDE COMPREHENSIVE SUBSTANCE ABUSE TREATMENT AND RECOVERY SERVICE TO THE ECONOMICALLY CHALLENGED INDIVIDUALS THAT SUFFER FROM ABUSE.

Program Service Accomplishments

Program 1
Expenses: $28,252,970 Revenue: $31,431,066

THE ORGANIZATION STATED PURPOSE IS TO ASSIST AND ADDRESS THE SPECIFIC NEEDS AND CHARACTERISTICS OF PEOPLE IN RECOVERY AND HOMELESS ADULTS/FAMILIES IN SECURING PUBLIC HOUSING WHICH CONTINUES TO MAKE A...

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THE ORGANIZATION STATED PURPOSE IS TO ASSIST AND ADDRESS THE SPECIFIC NEEDS AND CHARACTERISTICS OF PEOPLE IN RECOVERY AND HOMELESS ADULTS/FAMILIES IN SECURING PUBLIC HOUSING WHICH CONTINUES TO MAKE A DIFFERENCE IN THE LOS ANGELES COMMUNITY. THE MISSION IS TO PROIVDE TRADITIONAL AND SUPPORTIVE HOUSING PROGRAMS FOR THE LOS ANGELES HOMELESS SERVICES AUTHORITY,DEPARTMENT OF HEALTH SERVICES,DEPARTMENT OF MENTAL HEALTH, AND TO PROVIDE COMPREHENSIVE SERVICES TO HOMELESS SUBSTANCE ABUSERS AND DUALLY DIAGNOSED INDIVIDUALS/FAMILIES IN LOS ANGELES. IT ALSO OFFERS INTERIM HOUSING SERVICES TO ADULTS/FAMILIES IN NEEDS TO ASSIST THEM IN INCREASING INDEPENDENCE AND COMPLETING HOUSING GOALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,431,066
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,431,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,321,945
Fundraising Expenses $0
Program Expenses $28,252,970
Other Expenses $13,753,234
TOTAL EXPENSES $31,075,179

Year-over-Year Comparison

2024 2023 Change
Revenue $31,431,066 $27,314,831 +0.2%
Expenses $31,075,179 $27,746,021 +0.1%
Net Income $355,887 $-431,190 -1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
492
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$188,984
Total Directors
8
$188,984
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV RICHARD REED CEO 40.00
Officer Director
$188,984 $0 $188,984
CHERI WEEKS EMPLOYEE 40.00
$133,571 $0 $133,571
YESENIA VERJAN EMPLOYEE 40.00
$104,325 $0 $104,325
CHRISTIAN ESTRADA MEMBER 1.20
Director
$0 $0 $0
ANTHONY MOORE MEMBER 1.20
Director
$0 $0 $0
TANESE EDWARDS Secretary 1.20
Director
$0 $0 $0
TONY RUSHING MEMBER 1.20
Director
$0 $0 $0
BENJAMIN SHULER Chairman 1.20
Director
$0 $0 $0
STACEY LYNN WILSON Treasurer 1.20
Director
$0 $0 $0
KEITH BLACKWELL MEMBER 1.20
Director
$0 $0 $0
REV RICHARD REED CEO 40.00
$0 $0 $0
REV RICHARD REED CEO 40.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $31,431,066 $31,075,179 $16,395,409 $355,887
2023 $27,314,831 $27,746,021 $13,518,148 $-431,190
2022 $27,842,917 $27,880,661 $12,370,916 $-37,744
2021 $27,111,937 $27,419,564 $12,484,917 $-307,627
2020 $23,896,032 $22,894,083 $9,074,870 $1,001,949
2019 $15,028,650 $15,134,375 $3,094,985 $-105,725
2018 $14,460,854 $14,628,002 $2,795,605 $-167,148
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