Totals
- Total revenue
- $44,594,192
- Total expenses
- $49,920,937
- Contributions and grants received
- $43,368,304
- Grants paid
- $37,045,619
- Program service revenue
- $807,523
- Investment income
- $411,188
- Other revenue
- $7,177
- Total assets, end of year
- $24,205,410
- Total liabilities, end of year
- $7,634,476
- Net assets or fund balances, end of year
- $16,570,934
- Program services expenses (Part IX)
- $44,834,715
- Management and general expenses
- $2,412,893
- Fundraising expenses
- $2,673,329
- Program service expenses (Part III)
- $44,834,715
Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$38,561
-
1c · Fundraising events
$597,885
-
1f · All other contributions, gifts and grants
$42,731,858
-
1g · Noncash contributions included above
$8,811,524
-
2a · Program service revenue: REIMBURSEMENT FOR HOME SALES
total $807,523 · related or exempt $807,523
-
3 · Investment income
total $340,065 · excluded $340,065
-
7a · Gross sales of assets other than inventory
securities $9,916,168
-
7b · Less cost or other basis and sales expenses
securities $9,845,045
-
7c · Gain or loss
securities $71,123
-
7d · Net gain or loss
total $71,123 · excluded $71,123
-
8a · Fundraising events: gross income
$118,217
-
8a · Fundraising events: contributions included on line 1c
$597,885
-
8b · Fundraising events: direct expenses
$229,219
-
8c · Net income from fundraising events
total -$111,002 · excluded -$111,002
-
10a · Gross sales of inventory
$14,245
-
10b · Cost of goods sold
$2,313
-
10c · Net income from sales of inventory
total $11,932 · unrelated business $11,932
-
11a · Other revenue: REBATES
total $90,048 · excluded $90,048
-
11b · Other revenue: OTHER INCOME
total $16,199 · excluded $16,199
-
11e · Other revenue, total
$106,247
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $37,045,619 · program services $37,045,619
-
5 · Compensation of officers, directors and key employees
total $686,961 · program services $347,741 · management and general $207,788 · fundraising $131,432
-
7 · Other salaries and wages
total $4,903,311 · program services $2,567,456 · management and general $1,208,804 · fundraising $1,127,051
-
8 · Pension plan contributions
total $156,617 · program services $75,646 · management and general $47,142 · fundraising $33,829
-
9 · Other employee benefits
total $795,842 · program services $381,969 · management and general $243,055 · fundraising $170,818
-
10 · Payroll taxes
total $462,920 · program services $223,591 · management and general $99,991 · fundraising $139,338
-
11b · Fees: legal
total $61,959 · management and general $61,959
-
11c · Fees: accounting
total $85,093 · management and general $85,093
-
11f · Fees: investment management
total $34,896 · management and general $34,896
-
12 · Advertising and promotion
total $806,673 · program services $413,005 · management and general $4,881 · fundraising $388,787
-
13 · Office expenses
total $90,746 · program services $30,467 · management and general $35,845 · fundraising $24,434
-
14 · Information technology
total $448,952 · program services $223,266 · management and general $116,402 · fundraising $109,284
-
16 · Occupancy
total $68,893 · program services $28,986 · management and general $27,074 · fundraising $12,833
-
17 · Travel
total $807,499 · program services $714,568 · management and general $37,273 · fundraising $55,658
-
20 · Interest
total $4,713 · management and general $4,713
-
22 · Depreciation, depletion and amortization
total $97,069 · program services $53,930 · management and general $23,856 · fundraising $19,283
-
23 · Insurance
total $234,475 · program services $113,251 · management and general $70,577 · fundraising $50,647
-
24a · Other expenses: PROFESSIONAL FEES
total $1,107,307 · program services $1,027,731 · management and general $41,859 · fundraising $37,717
-
24b · Other expenses: OTHER PROGRAMS SERVICES
total $1,020,820 · program services $1,020,820
-
24c · Other expenses: PROJECT/FUNDRAISER EVNT
total $481,102 · program services $479,267 · fundraising $1,835
-
24d · Other expenses: POSTAGE & SHIPPING
total $139,918 · program services $26,914 · management and general $2,254 · fundraising $110,750
-
24e · All other expenses
total $379,552 · program services $60,488 · management and general $59,431 · fundraising $259,633
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $812,646 · end of year $375,530
-
3 · Pledges and grants receivable
beginning of year $3,458,961 · end of year $2,378,935
-
8 · Inventories for sale or use
beginning of year $106,935 · end of year $105,592
-
9 · Prepaid expenses and deferred charges
beginning of year $481,971 · end of year $657,279
-
10a · Land, buildings and equipment: cost or other basis
$2,575,043
-
10b · Land, buildings and equipment: accumulated depreciation
$1,250,231
-
10c · Land, buildings and equipment, net
beginning of year $1,269,560 · end of year $1,324,812
-
11 · Investments: publicly traded securities
beginning of year $9,494,642 · end of year $6,142,426
-
15 · Other assets
beginning of year $16,638,083 · end of year $13,220,836
-
17 · Accounts payable and accrued expenses
beginning of year $2,959,800 · end of year $3,166,053
-
25 · Other liabilities
beginning of year $8,437,678 · end of year $4,468,423
-
27 · Net assets without donor restrictions
beginning of year $17,406,359 · end of year $11,863,980
-
28 · Net assets with donor restrictions
beginning of year $3,458,961 · end of year $4,706,954
Mission and programs · 2023
Mission
HOMES FOR OUR TROOPS BUILDS AND DONATES SPECIALLY ADAPTED CUSTOM HOMES NATIONWIDE FOR SEVERELY INJURED POST-9/11 VETERANS TO ENABLE THEM TO REBUILD THEIR LIVES. (CONTINUED IN SCHEDULE O).HFOT BUILDS THESE HOMES WHERE THE VETERAN CHOOSES TO LIVE AND THEN CONTINUES TO SUPPORT THESE VETERANS AFTER HOME DELIVERY TO ASSIST THEM IN REBUILDING THEIR LIVES. AS OF THE END OF THE FISCAL YEAR 2024, HOMES FOR OUR TROOPS HAS TRANSFERRED 400 NEW HOMES IN 45 STATES AND HAS 72 PROJECTS UNDER CONSTRUCTION OR IN THE LAND ACQUISITION PHASE. EACH HFOT HOME IS DESIGNED TO PROVIDE BARRIER-FREE LIVING FOR OUR INJURED VETERANS AND THEIR FAMILIES TO RESTORE SOME OF THEIR FREEDOM AND INDEPENDENCE. 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.
Activities or mission (Part I)
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.
-
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 09/30/2024, HOMES FOR OUR TROOPS, INC. TRANSFERRED 31 NEW HOMES ACROSS THE COUNTRY, PURCHASED 20 LOTS FOR FUTURE BUILDS, AND BROUGHT 25 NEW VETERANS INTO THE PROGRAM. HOMES FOR OUR TROOPS, INC. ENDED THE FISCAL YEAR WITH A TOTAL OF 400 HOMES TRANSFERRED IN 45 STATES AND 72 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.
Expenses $44,834,715 · Grants $37,045,619 · Revenue $807,523
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
H T LandwermeyerH T LANDWERMEYER
PRESIDENT/CEO BG, USA (RET)
- Total calculated
- $196,571
- From this org
- $188,219
- From related orgs
- $0
- Other
- $8,352
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,219
- Bonus
- $0
- Other
- $0
- Deferred
- $6,587
- Nontaxable benefits
- $1,765
- Filer's total
- $196,571
-
Richard A Cody Gen Usa RetRICHARD A CODY GEN USA RET
CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle F Yarborough ColusaMICHELLE F YARBOROUGH COLUSA
DIRECTOR/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Adam Kisielewski Sgt UsmcretADAM KISIELEWSKI SGT USMCRET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew F AndresenMATTHEW F ANDRESEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hon Patrick J MurphyHON PATRICK J MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry MorganJERRY MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy P McHale Mg Usa RetTIMOTHY P MCHALE MG USA RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan FougereDAN FOUGERE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marvin L Hill Csm Usa RetMARVIN L HILL CSM USA RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John F Campbell Gen Usa RetJOHN F CAMPBELL GEN USA RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cameron West Capt Usmc RetCAMERON WEST CAPT USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John R Allen Gen Usmc RetJOHN R ALLEN GEN USMC RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth O Preston Sma RetKENNETH O PRESTON SMA RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diane HendricksDIANE HENDRICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William D IveyWILLIAM D IVEY
EXECUTIVE DIRECTOR
- Total calculated
- $156,263
- From this org
- $150,979
- From related orgs
- $0
- Other
- $5,284
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,979
- Bonus
- $0
- Other
- $0
- Deferred
- $5,284
- Nontaxable benefits
- $0
- Filer's total
- $156,263
-
Cynthia R BaptisteCYNTHIA R BAPTISTE
CHIEF FINANCIAL OFFICER
- Total calculated
- $164,257
- From this org
- $156,998
- From related orgs
- $0
- Other
- $7,259
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,998
- Bonus
- $0
- Other
- $0
- Deferred
- $5,494
- Nontaxable benefits
- $1,765
- Filer's total
- $164,257
-
William SeymourWILLIAM SEYMOUR
DIRECTOR OF CONSTRUCTION OPERATIONS
- Total calculated
- $157,326
- From this org
- $131,555
- From related orgs
- $0
- Other
- $25,771
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,555
- Bonus
- $0
- Other
- $0
- Deferred
- $4,604
- Nontaxable benefits
- $21,167
- Filer's total
- $157,326
-
Frederick H Grein JrFREDERICK H GREIN JR
SECRETARY (NON-VOTING)
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen DevitoKATHLEEN DEVITO
DIRECTOR OF MARKETING
- Total calculated
- $159,489
- From this org
- $125,679
- From related orgs
- $0
- Other
- $33,810
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,679
- Bonus
- $0
- Other
- $0
- Deferred
- $4,398
- Nontaxable benefits
- $29,412
- Filer's total
- $159,489
-
Christopher MitchellCHRISTOPHER MITCHELL
DIRECTOR OF DEVELOPMENT
- Total calculated
- $148,151
- From this org
- $122,690
- From related orgs
- $0
- Other
- $25,461
- Hours/week
- 40
-
Katelyn DonovanKATELYN DONOVAN
CONSTRUCTION OPERATIONS MANAGER
- Total calculated
- $117,822
- From this org
- $103,863
- From related orgs
- $0
- Other
- $13,959
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520519349300307
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