Homes For Homes Inc
- Assets
- $252.1k
- Revenue
- $432.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 06/2015
- Data as of
- 12/2020
- EIN
- 47-3696537
Organization Overview
Homes For Homes Inc is located in Brentwood, TN. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For Homes Inc 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 12/2020, Homes For Homes Inc generated $432.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $363.2k during the year ending 12/2020. While expenses have increased by 47.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOMES FOR HOMES FACILITATES AND ASSISTS REAL ESTATE PROFESSIONALS IN USING THEIR SPECIALIZED PROFESSIONAL KNOWLEDGE AND RESOURCES TO IMPROVE THE LIVES OF WIDOWS, ORPHANS AND FAMILIES THROUGH SERVICE AND GIVING. THE CORE VALUE OF OUR MINISTRY COMES FROM JAMES 1:27. WE WORK TO PRESERVE FAMILIES AND TRANSFORM COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 2019, HOMES FOR HOMES FUNDED 98 HOMES WHICH PROVIDED SAFE AND SECURE HOUSING FOR OVER 500 INDIVIDUALS. IN ADDITION TO HOME STRUCTURES, PIT LATRINES WERE ALSO PROVIDED AND OVER 20 HOME WATER FILTRATION SYSTEMS WERE GIVEN. FARMING TECHNIQUES AND FAMILY AND COMMUNITY SUPPORT BY LOCAL LEADERSHIP WAS GIVEN TO EACH FAMILY SERVED. DURING 2019 WE SERVED IN 8 DIFFERENT COMMUNITIES IN MEXICO, HONDURAS, GUATEMALA AND UGANDA. EVERY CONSTRUCTION TEAM WAS COMPRISED OF LOCAL COMMUNITY SKILLED LABORERS AND ALL MATERIALS WERE PURCHASED IN EACH COMMUNITY. THIS PROVIDED ECONOMIC STIMULUS AND SUPPORT TO THE COMMUNITIES WHERE WE SERVE.
FOR 2019, HOMES FOR HOMES FUNDED 98 HOMES WHICH PROVIDED SAFE AND SECURE HOUSING FOR OVER 500 INDIVIDUALS. IN ADDITION TO HOME STRUCTURES, PIT LATRINES WERE ALSO PROVIDED AND OVER 20 HOME WATER FILTRATION SYSTEMS WERE GIVEN. FARMING TECHNIQUES AND FAMILY AND COMMUNITY SUPPORT BY LOCAL LEADERSHIP WAS GIVEN TO EACH FAMILY SERVED. DURING 2019 WE SERVED IN 8 DIFFERENT COMMUNITIES IN MEXICO, HONDURAS, GUATEMALA AND UGANDA. EVERY CONSTRUCTION TEAM WAS COMPRISED OF LOCAL COMMUNITY SKILLED LABORERS AND ALL MATERIALS WERE PURCHASED IN EACH COMMUNITY. THIS PROVIDED ECONOMIC STIMULUS AND SUPPORT TO THE COMMUNITIES WHERE WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Dally Director | Trustee | 0 | $0 |
Jonathan Harris Vice President | Trustee | 0 | $0 |
Cam Suggs Director | Trustee | 0 | $0 |
Josh Terry Secretary | Trustee | 0 | $0 |
Michael Smalling President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,749 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $135,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,325 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,228 |
| Office expenses | $1,996 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,108 |
| Insurance | $450 |
| All other expenses | $136 |
| Total functional expenses | $363,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,800 |
| Net Land, buildings, and equipment | $11,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,711 |
| Other assets | $0 |
| Total assets | $252,094 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $252,094 |
| Total liabilities and net assets/fund balances | $252,094 |
Grants Awarded
Over the last fiscal year, Homes For Homes Inc has awarded $187,350 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: Provide Housing for the Poor | $70,000 |
Hebron, IN PURPOSE: Provide Housing for the Poor | $70,000 |
Brentwood, TN | | $33,600 |
Plano, TX PURPOSE: Provide Housing for the Poor | $13,750 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Homes For Homes Inc has recieved totaling $81,620.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $27,957 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $21,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR UNRESTRICTED USE | $20,000 |
National Christian Charitable Foundation Inc Fort Mill, SC PURPOSE: MISSION SERVICES | $9,158 |
Ebs Foundation Nashville, TN PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE CHARITY | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Ozarks Area Community Action Corporation Springfield, MO | $15,052,637 | $33,091,507 |
Blue Grass Community Action Partnership Inc Frankfort, KY | $7,918,674 | $28,900,392 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |