How does FirstLight Home Care make money?
75.5% of what Cornerstone Franchise Brands, LLC took in during 2024 came from royalties; 14.6% came from brand fund contributions.
Where the revenue in FirstLight Home Care’s filing came from, year by year
Each column is one year. 2024: $19.36M in total.
›View data & method
| Line | 2023 | 2024 |
|---|---|---|
| Royalties | $12.2M | $14.6M |
| New-franchise fees | $330.3K | $804.7K |
| Brand fund contributions | $2.3M | $2.8M |
| Conference and training | $128.2K | $105.5K |
| Total revenue | $15.88M | $19.36M |
Read from the one audited statement package the filing presents as current, full years only. A line the statements do not break out is not drawn; what is left over after the named lines is shown as other income rather than dropped, because a mix that does not sum to the whole misstates the whole. These statements are filed by Cornerstone Franchise Brands, LLC.
The figures on this page are not FirstLight Home Care’s own — they are the audited statements of Cornerstone Franchise Brands, LLC, the group it belongs to.
- The entity
- Cornerstone Franchise Brands, LLC
- What is inside it
- the franchisor's PARENT, consolidated with the parent's subsidiaries
- Audited by
- Douglas Corey & Associates, P.C.
- Its year ends
- December 31
These shares are worked out only from a franchisor's own statements, and Cornerstone Franchise Brands, LLC files these.
These shares are worked out only from a franchisor's own statements, and Cornerstone Franchise Brands, LLC files these.
The royalty income Cornerstone Franchise Brands, LLC reports grew faster than FirstLight Home Care’s number of locations.
The two are set side by side and not divided into one another: royalty income is the franchisor’s and the location count is the system’s, and the difference between the two rates is the most a filing supports saying about them together.
What it owns and what it owes
- Everything it owns
- $9.22M
- Total assets at the year end.
- What is left over
- $1.44M
- What it owns, less everything it owes.
How to read a franchisor's accounts
- These are the franchisor's books, not the owners'. Item 21 shows what the company that sells the franchise earns. What an owner's business brings in is a different question, on a different page, and the two are never mixed.
- Sometimes the books belong to a parent. Seven of these twenty-three systems file the audited statements of the group that owns them. Where that is the case we say so, name the entity, and show the figures on their own rather than against franchisors reporting their own accounts.
- Royalties and new-franchise fees are two different businesses. A franchisor living on royalties earns when its owners do. One living on the fees from selling franchises has to keep selling them.
›The numbers behind this page
| Figure | 2023 | 2024 |
|---|---|---|
| Total revenue | $15.88M | $19.36M |
| Royalties | $12.24M | $14.62M |
| New-franchise fees | $330K | $805K |
| Brand fund contributions | $2.34M | $2.82M |
| Net income | $5.9M | $6.98M |
| Cash from operations | $6.85M | $8.4M |
| Total assets | $5.79M | $9.22M |
| Equity | $510K | $1.44M |
What the statements say they cover
Figures are Cornerstone Franchise Brands, LLC; PARENT, consolidated with the parent's subsidiaries; consolidating Cornerstone Franchise Brands, LLC, FirstLight HomeCare Franchising, LLC, Cornerstone Move Management, LLC, Surv Franchisor, LLC.
What this filing does not disclose
- How much of its revenue is royalties: its statements are filed by Cornerstone Franchise Brands, LLC, where the figure is not broken out.
- How much of its revenue is new-franchise fees: its statements are filed by Cornerstone Franchise Brands, LLC, where the figure is not broken out.
- Operating margin: its statements are filed by Cornerstone Franchise Brands, LLC, where the figure is not broken out.
Every figure on this page comes from the one audited statement package FirstLight Home Care’s 2026 filing presents as current, which is filed by Cornerstone Franchise Brands, LLC. Full years only: stub periods, predecessor presentations and the disaggregation tables that repeat a year are excluded. Margins are compared before tax, because these entities are taxed in different ways.
Once a month: what changed in the filings, which systems moved, and the numbers worth quoting.