Homes For Heroes Foundation
- Assets
- $209.0k
- Revenue
- $239.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 26-3538794
Organization Overview
Homes For Heroes Foundation is located in Minneapolis, MN. The organization was established in 2010. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For Heroes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Homes For Heroes Foundation generated $239.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $164.4k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Homes For Heroes Foundation has awarded 74 individual grants totaling $616,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOMES FOR HEROES CHARITABLE FOUNDATION MISSION IS TO ASSIST THOSE HEROES WHO ARE IN DIRE HOUSING NEEDS. TYPICALLY, THIS MEANS PAYING PAST DUE AMOUNTS TO AVOID EVICTION OR FORECLOSURE, OR PROVIDE DEPOSITS AND FIRST AND LAST MONTH'S RENT TO GET PEOPLE OUT OF HOMELESSNESS. WE ALSO TRY TO ASSIST THOSE IN NEED OF SERIOUS REPAIRS, BUT THAT REALLY DEPENDS ON THE TALENT WE HAVE ON THE GROUND THROUGH OUR NETWORK NEAR THE SUBJECT PROPERTY. IN 2016 THE FOUNDATION ASSISTED 262 HEROES OF THAT NUMBER 90 % WERE TO BE EVICTED AND WOULD BE HOMELESS. 95% OF REQUESTS ARE SERVICE CONNECTED DISABLED VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Johnson President | 1 | $0 | |
Robert Specht Treasurer | 1 | $0 | |
Lisa Welsh Executive Director | 8 | $0 | |
Helen Johnson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $239,570 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,570 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,413 |
| Total operating and administrative expenses | $1,413 |
| Contributions, gifts, grants paid | $163,000 |
| Total expenses and disbursements | $164,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,972 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $208,972 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Homes For Heroes Foundation has awarded $163,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Staten Island, NY PURPOSE: CONTRIBUTION FOR CHARITABLE EFFORTS | $50,000 |
Minneapolis, MN PURPOSE: CONTRIBUTION FOR CHARITABLE EFFORTS | $25,000 |
Phoenix, AZ PURPOSE: CONTRIBUTION FOR CHARITABLE EFFORTS | $10,000 |
NATIONAL FRATERNAL ORDER OF POLICE FOUNDATION PURPOSE: CONTRIBUTION FOR CHARITABLE EFFORTS | $10,000 |
NINELINE VETERANS SERVICES PURPOSE: CONTRIBUTION FOR CHARITABLE EFFORTS | $10,000 |
AMERICAN NURSES FOUNDATION INC PURPOSE: CONTRIBUTION FOR CHARITABLE EFFORTS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homes For Heroes Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Dr Edward S Orzac Foundation Inc Chicago, IL PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
Minnesota Home Ownership Center St Paul, MN | $17,549,875 | $3,064,242 |
Land Bank Twin Cities Inc St Anthony, MN | $25,684,992 | $6,229,470 |
Housing Resources Inc Milwaukee, WI | $1,278,452 | $4,218,125 |
Greater Green Bay Habitat For Humanity Green Bay, WI | $9,776,168 | $3,142,134 |
American Indian Community Housing Organization Duluth, MN | $7,296,736 | $3,254,073 |
Successful Living Supportive Housing Program Iowa City, IA | $3,127,012 | $2,854,795 |
World Learner School Of Chaska Chaska, MN | $2,061,201 | $2,337,089 |
Wisconsin Balance Of State Continuum Of Care Inc Eau Claire, WI | $302,883 | $2,354,061 |