Heroes For Heroes is located in Los Angeles, CA. The organization was established in 2016. 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. Heroes For Heroes 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, Heroes For Heroes generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.1%) each year. All expenses for the organization totaled $1.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (26.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE GOALS BEHIND OUR CHARITY AND THE PROCESS AS A REALTOR I HAVE HAD THE PRIVILEGE TO SELL HOMES TO VETERANS, ACTIVE DUTY, AND TEACHERS ALIKE. FROM THE HOURS THEY PUT IN, THE RISKS THEY TAKE, AND THE SERVICE THEY PROVIDE, ITS THE LEAST I CAN DO TO ASSIST THEM IN ACHIEVING EVERY AMERICANS DREAM TO HAVE A HOME TO CALL THEIR OWN. THIS IS WHY I CREATED THE CHARITY. ITS A WAY TO GIVE BACK AND ASSIST IN FULFILLING THE AMERICAN DREAM THEY FIGHT FOR OR TEACH OUR CHILDREN TO ACHIEVE. FOR OUR HEROES RAISING THE MONEY, THEY GET A FEW BENEFITS FOR TAKING TIME FROM THEIR FAMILIES, LOVED ONES, ETC. TO FUNDRAISE, ALL THE WHILE TRAINING FOR AN ENDURANCE RACE 6 DAYS A WEEK. THESE AMAZING PEOPLE HAVE FULL TIME CAREERS ON TOP OF ALL THIS. PART OF THEIR FUNDRAISING PAYS FOR THEIR ENDURANCE COACHING, ENTRY INTO THE SELECTED RACE, AND IN MOST CASES, A NIGHT OR TWO AT THE HOTEL DURING THE RACE WEEKEND. WE ALSO HOLD A FEW EVENTS THROUGHOUT THE SEASON THANKING THEM FOR THEIR EFFORTS. IF IT WASNT FOR THEM THE WORK WOULD NOT BE DONE, AND THEIR EFFORTS ARE GREATLY APPRECIATED. FOR OUR LOCAL HEROES, IN MY OPINION, THE PAYCHECK DOES NO CORRELATE WITH THE SACRIFICE AND SERVICE PROVIDED FOR OUR COMMUNITIES. HEROES FOR HEROES WANTS TO HELP CHANGE THAT. THIS FIRST SEASON WE WILL BE TARGETING A SPECIFIC CITY, AND REACHING OUT TO THE REALTORS IN THE AREA WHO ARE CURRENTLY WORKING WITH A VETERAN, ACTIVE DUTY, OR A TEACHER WHO IS ACTIVELY LOOKING FOR A HOME. WE WILL HAVE THEM WRITE A LETTER TO US TALKING ABOUT THEIR SERVICE AND HOW THE ASSISTANCE WILL BENEFIT THEM IN THE PURCHASE OF THEIR HOME. OUR BOARD OF DIRECTORS WILL READ ALL THE LETTERS AND VOTE FOR THE WINNER. WE WILL THEN SURPRISE THE WINNER WITH THE NEWS THE MONEY WILL BE HELD IN AN ESCROW ACCOUNT AND WILL BE DISBURSED ON THE CLOSING DAY TO THE ESCROW/SETTLEMENT COMPANY. THE MONEY HAS TO GO TOWARDS A PURCHASE DOWN PAYMENT, CLOSING COSTS, ETC OF THEIR HOME. IF THE WINNER DECIDES NOT TO PURCHASE, THE MONEY WILL BE DELIVERED TO THE RUNNER UP AND DISBURSED TO THEM. ALL CANDIDATES MUST BE QUALIFIED FOR PURCHASE, OR THIS DONATION MUST SOLIDIFY THE QUALIFICATION TO PURCHASE. WE WANT OUR HEROES TO HAVE THE ABILITY TO MAINTAIN THE HOME OWNERSHIP THEY ARE ABOUT TO EMBARK ON. OUR GOAL AS A BOARD AND CHARITY WILL BE TO CHOOSE A CANDIDATE WHERE THE MONEY WILL GO THE FURTHEST WITH THEIR SITUATION. MANY PEOPLE ASK ABOUT HOW THIS AFFECTS A VETERAN OR ACTIVE DUTY MILITARY WHO HAS A 0 LOAN. THEY HAVE CLOSING COSTS, LIMITS IN LOAN AMOUNTS, AND OTHER FEES, ETC. AGAIN, OUR BOARD OF DIRECTORS WILL CHOOSE SOMEONE WHERE THE MONEY WILL GO THE FURTHEST. AS A 501C3 WE ARE LEGALLY ALLOWED TO DONATE THIS MONEY TOWARDS THEIR PURCHASE. THIS CHARITY IS VERY TANGIBLE. YOU WILL SEE DIRECTLY WHERE THE MONEY GOES AS IT WILL BE DEFINED BY AN ADDRESS. AN ADDRESS OWNED BY A HERO IN THAT COMMUNITY MY PERSONAL GOAL IS TO DOT THE ENTIRE MAP OF THE UNITED STATES IN EVERY COMMUNITY WITH A HOME THAT HEROES FOR HEROES HELP PURCHASE FOR OUR LOCAL HEROES. BECAUSE EVERY HERO DESERVES A HOME
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,069 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $1,069 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,362 |
Total expenses | $1,362 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $2,444 |
Other assets | $0 |
Total assets | $2,444 |
Total liabilities | $0 |
Net assets or fund balances | $2,444 |