Skip to content
Nonprofiteer
← BUILDING HOMES FOR HEROES INC

Form 990 for tax year 2023

Filed by BUILDING HOMES FOR HEROES INC.

Totals

Total revenue
$13,811,302
Total expenses
$12,472,683
Contributions and grants received
$13,604,703
Grants paid
$9,362,312
Program service revenue
$0
Investment income
$206,599
Other revenue
$0
Total assets, end of year
$16,185,231
Total liabilities, end of year
$261,886
Net assets or fund balances, end of year
$15,923,345
Program services expenses (Part IX)
$11,906,515
Management and general expenses
$237,416
Fundraising expenses
$328,752
Program service expenses (Part III)
$11,906,515

Program services were 95.5% 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.

  • 1c · Fundraising events

    $438,221

  • 1e · Government grants (contributions)

    $616,161

  • 1f · All other contributions, gifts and grants

    $12,550,321

  • 1g · Noncash contributions included above

    $4,454,249

  • 3 · Investment income

    total $221,068 · excluded $221,068

  • 7a · Gross sales of assets other than inventory

    securities $1,300,266

  • 7b · Less cost or other basis and sales expenses

    securities $1,314,735

  • 7c · Gain or loss

    securities -$14,469

  • 7d · Net gain or loss

    total -$14,469 · excluded -$14,469

  • 8a · Fundraising events: gross income

    $294,598

  • 8a · Fundraising events: contributions included on line 1c

    $438,221

  • 8b · Fundraising events: direct expenses

    $294,598

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,362,312 · program services $9,362,312

  • 5 · Compensation of officers, directors and key employees

    total $231,157 · program services $193,155 · management and general $18,261 · fundraising $19,741

  • 7 · Other salaries and wages

    total $889,765 · program services $743,524 · management and general $70,248 · fundraising $75,993

  • 9 · Other employee benefits

    total $92,120 · program services $73,952 · management and general $10,267 · fundraising $7,901

  • 10 · Payroll taxes

    total $99,013 · program services $79,484 · management and general $11,036 · fundraising $8,493

  • 11g · Fees: other

    total $76,010 · program services $49,355 · management and general $26,655

  • 12 · Advertising and promotion

    total $409,791 · program services $345,541 · management and general $11,435 · fundraising $52,815

  • 13 · Office expenses

    total $34,937 · program services $26,127 · management and general $5,457 · fundraising $3,353

  • 14 · Information technology

    total $91,850 · program services $62,104 · management and general $7,720 · fundraising $22,026

  • 16 · Occupancy

    total $110,965 · program services $75,216 · management and general $22,673 · fundraising $13,076

  • 17 · Travel

    total $220,110 · program services $199,457 · management and general $7,396 · fundraising $13,257

  • 22 · Depreciation, depletion and amortization

    total $22,210 · program services $19,100 · management and general $1,555 · fundraising $1,555

  • 23 · Insurance

    total $127,092 · program services $119,580 · management and general $5,743 · fundraising $1,769

  • 24a · Other expenses: VETERAN HIGHLIGHT AND P

    total $361,071 · program services $296,078 · management and general $3,611 · fundraising $61,382

  • 24b · Other expenses: VETERAN AMBASSADOR PROG

    total $171,600 · program services $171,600

  • 24c · Other expenses: MEALS

    total $47,005 · program services $43,010 · management and general $1,880 · fundraising $2,115

  • 24d · Other expenses: CREDIT CARD PROCESSING

    total $40,415 · management and general $10,104 · fundraising $30,311

  • 24e · All other expenses

    total $85,260 · program services $46,920 · management and general $23,375 · fundraising $14,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,859,881 · end of year $3,513,438

  • 2 · Savings and temporary cash investments

    beginning of year $1,055,099 · end of year $1,687,869

  • 3 · Pledges and grants receivable

    beginning of year $695,883 · end of year $587,500

  • 8 · Inventories for sale or use

    beginning of year $41,850 · end of year $41,850

  • 10a · Land, buildings and equipment: cost or other basis

    $165,314

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,301

  • 10c · Land, buildings and equipment, net

    beginning of year $72,222 · end of year $50,013

  • 11 · Investments: publicly traded securities

    beginning of year $3,029,595 · end of year $5,727,584

  • 15 · Other assets

    beginning of year $5,136,480 · end of year $4,576,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $273,117 · end of year $115,153

  • 25 · Other liabilities

    beginning of year $266,732 · end of year $146,733

  • 27 · Net assets without donor restrictions

    beginning of year $9,635,186 · end of year $11,327,267

  • 28 · Net assets with donor restrictions

    beginning of year $4,715,975 · end of year $4,596,078

Mission and programs · 2023

Mission

BUILDING HOMES FOR HEROES IS DETERMINED AND DEVOTED TO BRINGING RENEWED HOPE TO OUR NATION'S INJURED VETERANS, FIRST RESPONDERS AND THEIR FAMILIES. THE ORGANIZATION BUILDS OR MODIFIES HOMES, AND GIFTS THEM, MORTGAGE-FREE, TO INJURED VETERANS, FIRST RESPONDERS AND THEIR FAMILIES, WHILE PROVIDING SUPPORT SERVICES TO ENABLE THEM TO BUILD BETTER AND BRIGHTER LIVES AND REACH NEW HEIGHTS. IT'S TRULY AN HONOR TO SERVE THE MEN AND WOMEN WHO HAVE COURAGEOUSLY SERVED AND SACRIFICED FOR OUR COUNTRY.

  • HOME AWARD PROGRAM - BUILDING HOMES FOR HEROES CONSTRUCTS, GIFTS, MODIFIES AND BEAUTIFIES HOMES FOR OUR INJURED VETERANS AND THEIR FAMILIES, INCLUDING OUR GOLD STAR FAMILIES AND MORE RECENTLY OUR FIRST RESPONDERS, WHILE PROVIDING AN EVER-GROWING NUMBER OF SUPPORT SERVICES TO ENABLE THEM TO BUILD BETTER AND BRIGHTER LIVES AND REACH NEW HEIGHTS. THESE MORTGAGE-FREE HOMES NOT ONLY HELP TO REMOVE THE FAMILY'S FINANCIAL BURDEN, BUT THEY ALSO HELP TO RESTORE THE INDIVIDUAL'S FREEDOM, AND ENABLE THE VETERAN TO LEAD A MORE INDEPENDENT AND PRODUCTIVE CIVILIAN LIFE. ALL HOMES WE GIFT ARE CONSTRUCTED, CUSTOMIZED AND BEAUTIFIED TO MEET THE NEEDS OF PHYSICALLY OR PSYCHOLOGICALLY DISABLED VETERANS AND THEIR FAMILIES, TO HELP IMPROVE THEIR DAY-TO-DAY QUALITY OF LIFE AND TO LEAD A HOPEFUL AND PROMISING FUTURE AHEAD. ON AVERAGE, THE ORGANIZATION REACHED MORE THAN ONE HOME EVERY 11 DAYS FOR AN ELEVENTH CONSECUTIVE YEAR IN 2023, AND HOPES TO REACH 40 HOMES ONCE AGAIN IN 2024, INCLUDING OUR MILESTONE 400TH HOME. WE'VE FOUND THAT THE GIFT OF A MORTGAGE-FREE HOME PROVIDES PERMANENT STABILITY AND A LIFE-CHANGING FOUNDATION FOR THE VETERAN TO PURSUE THEIR DREAMS, PROFESSIONALLY, ACADEMICALLY AND RECREATIONALLY, THAT THEY MIGHT NEVER HAVE IMAGINED FOLLOWING THEIR INJURIES, AND SETS THEM ON A PATH TOWARDS IMPROVING THEIR PHYSICAL HEALTH AND MENTAL WELLNESS ON A LONG ROAD TO RECOVERY. IT'S ALSO A GIFT THAT ALLOWS THE CHILDREN OF THE FAMILIES TO CREATE STABILITY IN THEIR LIFE AND ONE DAY INHERIT THE HOME. OFTEN A GIFT THAT WILL BE GENERATIONAL. IT'S TRULY AN HONOR TO SERVE THE AMAZING MEN AND WOMEN WHO HAVE COURAGEOUSLY SERVED AND SACRIFICED SO MUCH FOR ALL OF US AND FOR OUR COUNTRY.

    Expenses $11,076,884 · Grants $8,696,490

  • PHYSICAL, MENTAL AND FINANCIAL WELLNESS - BUILDING HOMES FOR HEROES GOES WELL ABOVE AND BEYOND TO SUPPORT OUR VETERANS AND OUR FIRST RESPONDERS BY PROVIDING A FUNDAMENTAL BASIS FOR FAMILY CONNECTIVITY, HOPE AND HEALING, CAMARADERIE, COMMUNICATION AND PROMISE TOWARDS THEIR PHYSICAL HEALTH AND MENTAL WELL-BEING. ONE MAJOR ASPECT OF THIS IS IN 2023 WAS OUR GROWING PROGRAMS TO HELP WITH PHYSICAL HEALTH AND MENTAL WELLNESS. TO ACCOMPLISH THIS, WE SPONSORED HUNDREDS OF WORKSHOPS AND RETREATS ACROSS THE COUNTRY THAT TRAINED VETERANS AND FIRST RESPONDERS WITH ESSENTIAL SKILLS THAT AIM TO IMPROVE THEIR EVERY-DAY WELL-BEING, THEIR MENTAL HEALTH AND PERFORMANCE, THEIR PHYSICAL FITNESS, AND THEIR QUALITY OF LIFE. RANGING FROM TRADITIONAL TO INNOVATIVE SUPPORT, WE WERE ABLE TO SUPPORT MORE THAN 1,600 HEROES IN 2023 ALONE, AND HOPE TO SUPPORT MORE THAN 2,500 HEROES IN 2024. WE HAVE SUPPORTED VETERANS CLIMB THE WORLD'S TALLEST MOUNTAINS, AND WINNING MEDALS IN THE WARRIOR GAMES, INVICTUS GAMES AND INTERNATIONAL COMPETITIONS. WE ALSO HOST AN ANNUAL TEAM BUILDING FAMILY RETREAT, BRINGING TOGETHER MORE THAN 200 OF OUR VETERAN HOME RECIPIENTS AND THEIR FAMILY MEMBERS FOR THREE DAYS OF FAMILY FUN, FRIENDLY COMPETITION, CONNECTIVITY, NEW FRIENDSHIPS AND SPIRITED CAMARADERIE. THIS PROGRAM HAS BEEN EXTRAORDINARILY HELPFUL TOWARDS HELPING VETERANS REGAIN THEIR MILITARY CAMARADERIE WITH THEIR FELLOW SERVICEMEN AND WOMEN, AND ALSO HELPS THEM UNDERSTAND THAT THEY ARE NOT DEFINED BY THEIR INJURES, BUT HOW THEY CAN OVERCOME THEM. WITH MORE SUPPORT, WE HOPE TO FURTHER GROW THIS PROGRAM ON A NATIONAL SCALE. WITH REPORTS OF AS MANY AS 23 VETERAN SUICIDES A DAY, WE'RE FINDING THESE PROGRAMS TO BE AMONG OUR MOST IMPORTANT AS WE ENVISION THE FUTURE AHEAD.

    Expenses $501,656 · Grants $386,900

  • EMERGENCY FUNDING - WITH ECONOMIC CHALLENGES CAUSING SIGNIFICANT HARDSHIP ALL-ACROSS THE COUNTRY, MORE FAMILIES ARE STRUGGLING THAN EVER BEFORE AND WE ARE RECEIVING AN EXTRAORDINARY NUMBER OF FINANCIAL CONCERNS, DAY-TO-DAY CONCERNS AND BANKRUPTCY CONCERNS. OUR EMERGENCY FUNDING PROGRAM ALLOWS US TO HELP VETERANS AND FIRST RESPONDERS DURING THESE HARD FINANCIAL TIMES, AS WELL AS SUDDEN LIFE-ALTERING MOMENTS IN THEIR LIVES. THESE MOMENTS CAN INCLUDE, BUT ARE NOT LIMITED TO, THE LOSS OF JOB, AN ILLNESS, OR A MAJOR REPAIR NEEDED AS A RESULT OF DISASTROUS WEATHER EVENTS SUCH AS HURRICANES, FLOODING OR TORNADOES. AS WELL, IT CAN SAVE A FAMILY FROM FORECLOSURE ON THEIR HOME AND HEARTBREAKING HOMELESSNESS. THE ORGANIZATION ALSO PROVIDES IMMEDIATE ASSISTANCE TO VETERANS WHO ARE EXPERIENCING HOMELESSNESS OR ARE ON THE BRINK OF HOMELESSNESS. ANOTHER MAJOR ASPECT OF HELPING VETERANS IMPROVE THEIR FINANCIAL WELL-BEING IS BY PROVIDING GUIDANCE TO MAINTAIN HOME EXPENSES AND MAINTAIN THEIR HOMES AND TO PLAN A SUCCESSFUL FUTURE AHEAD. TO ACHIEVE THAT END, WE OFFER PARTNERSHIPS WITH CERTIFIED FINANCIAL PROFESSIONALS TO ASSIST THEM THROUGH THEIR FINANCES AND HELP VETERANS AND THEIR FAMILIES FOCUS ON LIVING A PROMISING AND PRODUCTIVE LIFE, WHILE ALSO LEARNING ABOUT INVESTING AND SAVING FOR THE FUTURE. A MAJOR FOCUS OF THE FINANCIAL SUPPORT PROGRAM IS TO HIGHLIGHT THE IMPORTANCE OF MINIMIZING OR ELIMINATING DEBT ENTIRELY, AND THE FREEDOM IT PROVIDES TO LIVE AN EVER MORE HOPEFUL FUTURE AHEAD. BUILDING HOMES FOR HEROES IS ALSO SUPPORTING OUR VETERANS ACCOMPLISH THEIR DREAMS IN ACADEMICS FOLLOWING THEIR SERVICE. MANY OF OUR VETERANS GO ON TO CONTINUE THEIR EDUCATION WITH OUR ORGANIZATION'S SUPPORT. ALL OF THESE PROGRAMS ARE A LARGE PART OF OUR MISSION TO HELP OUR VETERANS BUILD BETTER AND BRIGHTER LIVES ABOVE AND BEYOND THE GIFTING OF A HOME.

    Expenses $327,975 · Grants $278,922

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Pujol

    CEO & CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    50
  • Nancy Mauro

    CFO

    Total calculated
    $137,500
    From this org
    $117,030
    From related orgs
    $0
    Other
    $20,470
    Hours/week
    40
  • Kimberly Vesey

    PRESIDENT AND GENERAL COUNSEL

    Total calculated
    $132,150
    From this org
    $114,127
    From related orgs
    $0
    Other
    $18,023
    Hours/week
    40
  • Anthony Sigillito

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    15
  • David Weingrad

    SECRETARY

    Total calculated
    $0
    Hours/week
    15
  • George Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • James Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • John Madison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6
  • Jon Sigillito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Joseph McFarland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6
  • Mike Broderick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Patrick Gambaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tyler Mark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SERVICE TO SUMMIT LLC

    RAISE MONEY FOR BUILDING HOMES FOR HEROES, INC. · NY

    Directly controlled by BUILDING HOMES FOR HEROES INC

  • 4584 AUSTIN BLVD LLC

    TO HOLD A PROPERTY · NY

    Directly controlled by BUILDING HOMES FOR HEROES INC

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202422719349301002

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.