Does OS X file organization works like Ubuntu's?
OS X does indeed have a home folder, in /Users/&lt;username&gt; with a hierarchy of folders, including one for Desktop, in this location - similar to Ubuntu.

On most Linux distributions the /home is a different partition on the drive and formatting the primary OS partition would not erase your data. This is not the case with OS X and (unless you've made a concerted effort to the contrary) erasing the OS X drive will erase your data.