Homes For Our Troops Inc
- Assets
- $32.2m
- Revenue
- $35.7m
- Investments
- $0.0
- Employees
- 79
- Location
- Taunton, MA
- Founding
- 06/2004
- Data as of
- 09/2022
- EIN
- 54-2143612
Organization Overview
Homes For Our Troops Inc is located in Taunton, MA. The organization was established in 2004. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Homes For Our Troops Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For Our Troops 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 09/2022, Homes For Our Troops Inc generated $35.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $32.7m during the year ending 09/2022. While expenses have increased by 6.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND DONATE SPECIALLY ADAPTED CUSTOM HOMES NATIONWIDE FOR SEVERELY (SEE SCHEDULE O). INJURED POST-9/11 VETERANS TO ENABLE THEM TO REBUILD THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HOME PROGRAM: UNDER THIS PROGRAM, HOMES FOR OUR TROOPS, INC (HFOT) BUILDS NEW, SINGLE-FAMILY, SPECIALLY-ADAPTED CUSTOM HOMES THAT PROVIDE BARRIER-FREE LIVING TO SEVERELY INJURED VETERANS AND THEIR FAMILIES. EACH HOME IS BUILT WITH OVER 40 MAJOR ADAPTATIONS (E.G., ROLL-UNDER COUNTERS, SINKS, AND STOVES; ROLL-IN SHOWERS; WIDER HALLS AND DOORWAYS; FULL-HOME GENERATORS; PULL-DOWN SHELVING; STORM ROOMS) TO PROVIDE BARRIER-FREE LIVING TO THE VETERANS AND RESTORE SOME OF THEIR FREEDOM AND INDEPENDENCE. (CONTINUED IN SCHEDULE O).DURING THE FISCAL YEAR ENDED 09/30/2023, HOMES FOR OUR TROOPS, INC. TRANSFERRED 23 NEW HOMES ACROSS THE COUNTRY, PURCHASED 24 LOTS FOR FUTURE BUILDS, AND BROUGHT 26 NEW VETERANS INTO THE PROGRAM. HOMES FOR OUR TROOPS, INC. ENDED THE FISCAL YEAR WITH A TOTAL OF 369 HOMES TRANSFERRED IN 45 STATES AND 78 PROJECTS UNDERWAY. IN ADDITION TO BUILDING HOMES, HOMES FOR OUR TROOPS, INC CONTINUED ITS SUPPORT TO VETERANS WHO ARE REBUILDING THEIR LIVES BY ASSISTING THEM WITH CHALLENGES THEY ENCOUNTER, AND EXPANDING ITS NETWORK OF NON-PROFITS AND OTHER ENTITIES TO PROVIDE ASSISTANCE. AS PART OF OUR CONTINUING SUPPORT, HFOT PROVIDES EACH VETERAN WITH A PRO-BONO FINANCIAL PLANNER FOR A THREE-YEAR PERIOD TO ASSIST IN ESTABLISHING AND MAINTAINING FINANCIAL SECURITY AND SETTING HIM/HER UP FOR SUCCESS AS A HOMEOWNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H T Landwermeyer President/ceo Bg, Usa (ret) | OfficerTrustee | 40 | $186,448 |
Richard A Cody Gen Usa Ret Chairman/director | OfficerTrustee | 1 | $0 |
Michelle F Yarborough Colusa Director/treasurer | OfficerTrustee | 1 | $0 |
Adam Kisielewski Sgt Usmcret Director | Trustee | 1 | $0 |
Matthew F Andresen Director | Trustee | 1 | $0 |
Hon Patrick J Murphy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mason Sky Enterprises Llc Construction | 9/29/23 | $1,819,958 |
Kent Custom Homes Construction | 9/29/23 | $802,892 |
Silver Ridge Llc Construction | 9/29/23 | $770,827 |
Bremner Custom Homes Construction | 9/29/23 | $644,814 |
Jt Custom Builders Llc Construction | 9/29/23 | $531,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $61,158 |
| Membership dues | $0 |
| Fundraising events | $472,630 |
| Related organizations | $0 |
| Government grants | $795,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,741,317 |
| Noncash contributions included in lines 1a–1f | $5,397,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,070,968 |
| Total Program Service Revenue | $852,430 |
| Investment income | $455,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$663,031 |
| Net Income from Fundraising Events | -$16,746 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,756 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,704,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,646,171 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $540,673 |
| Compensation of current officers, directors, key employees. | $181,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,191,308 |
| Pension plan accruals and contributions | $140,605 |
| Other employee benefits | $650,244 |
| Payroll taxes | $376,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,296 |
| Fees for services: Other | $0 |
| Advertising and promotion | $578,738 |
| Office expenses | $119,489 |
| Information technology | $357,496 |
| Royalties | $0 |
| Occupancy | $56,529 |
| Travel | $551,407 |
| 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 | $148,786 |
| Insurance | $192,542 |
| All other expenses | $248,686 |
| Total functional expenses | $32,677,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,999,211 |
| 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 | $79,555 |
| Prepaid expenses and deferred charges | $578,136 |
| Net Land, buildings, and equipment | $1,300,993 |
| Investments—publicly traded securities | $12,220,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,759,204 |
| Total assets | $32,216,870 |
| Accounts payable and accrued expenses | $2,789,768 |
| 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 | $9,712,049 |
| Total liabilities | $12,501,817 |
| Net assets without donor restrictions | $17,715,842 |
| Net assets with donor restrictions | $1,999,211 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $32,216,870 |