Hero Homes Inc
- Assets
- $558.1k
- Revenue
- $107.2k
- Investments
- $4.9k
- Employees
- 0
- Location
- Purcellville, VA
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-4332276
Organization Overview
Hero Homes Inc is located in Purcellville, VA. The organization was established in 2015. According to its NTEE Classification (P40) the organization is classified as: Family Services, 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. Hero 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 12/2023, Hero Homes Inc generated $107.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $36.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING HOUSES, JOBS, AND COMMUNITY FOR THOSE WHO HAVE FOUGHT FOR THE PRESERVATION OF FREEDOM AND DEMOCRACY FOR OTHERS. HEROHOMES IS A 501(C)3 NOT FOR PROFIT FOUNDATION ESTABLISHED TO BUILD HOUSES FOR THOSE WHO HAVE FOUGHT FOR THE PRESERVATION OF FREEDOM AND DEMOCRACY FOR OTHERS. THESE DESERVING VETS AND THEIR FAMILIES CANNOT REGAIN WHAT THEY LOST DEFENDING OUR COUNTRY, BUT WE CAN GIVE THEM A NEW START IN BUILDING A SOLID FOUNDATION FOR THEIR FUTURE AND THE DIGNITY OF AN INDEPENDENT LIFE IN A WONDERFUL SMALL TOWN COMMUNITY SETTING. WE PROVIDE THE OPPORTUNITY FOR DISABLED VETERANS TO REJOIN SOCIETY WITH THE SECURITY AND PRIDE OF HOME OWNERSHIP. FUNDRAISING BEGAN IN 2015 TO FUND THE PURCHASE OF LAND AND CONSTRUCTION ON THE FIRST HOME FOR A DISABLED VETERAN WAS STARTED IN 2016. ONE HOME WAS DONATED TO A DISABLED VETERAN IN 2017, ONE IN 2018, ONE IN 2019, ONE IN 2021, AND ONE IN 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME AWARD PROGRAM - IN 2023 HEROHOMES, INC CONTINUED THE PLANNING AND CONSTRUCTION ON BUILDING LOT FOR HOME NUMBER 6.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Lowers President | OfficerTrustee | 10 | $0 |
Mike Hummel Treasurer | OfficerTrustee | 4 | $0 |
Bryan Snow Director | Trustee | 2 | $0 |
Kim Trombly Director | Trustee | 2 | $0 |
Kim Valentine Secretary | Officer | 4 | $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 | $70,145 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,145 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,625 |
| Net Income from Fundraising Events | $35,451 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $386 |
| Office expenses | $2,015 |
| 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 | $763 |
| Insurance | $874 |
| All other expenses | $186 |
| Total functional expenses | $36,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,448 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,852 |
| Investments—program-related | $0 |
| Intangible assets | $2,475 |
| Other assets | $237,351 |
| Total assets | $558,126 |
| 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 | $558,126 |
| Total liabilities and net assets/fund balances | $558,126 |