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Nonprofiteer
← HOMES FOR OUR TROOPS INC

Form 990 for tax year 2024

Filed by HOMES FOR OUR TROOPS INC.

Totals

Total revenue
$45,975,011
Total expenses
$46,000,275
Contributions and grants received
$45,652,232
Grants paid
$27,569,920
Program service revenue
$0
Investment income
$301,360
Other revenue
$21,419
Total assets, end of year
$25,642,691
Total liabilities, end of year
$8,885,165
Net assets or fund balances, end of year
$16,757,526
Program services expenses (Part IX)
$40,277,121
Management and general expenses
$2,585,396
Fundraising expenses
$3,137,758
Program service expenses (Part III)
$40,277,121

Program services were 87.6% 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

    $9,542

  • 1c · Fundraising events

    $860,023

  • 1e · Government grants (contributions)

    $1,338,393

  • 1f · All other contributions, gifts and grants

    $43,444,274

  • 1g · Noncash contributions included above

    $11,143,920

  • 3 · Investment income

    total $222,691 · excluded $222,691

  • 7a · Gross sales of assets other than inventory

    securities $7,609,163

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

    securities $7,530,494

  • 7c · Gain or loss

    securities $78,669

  • 7d · Net gain or loss

    total $78,669 · excluded $78,669

  • 8a · Fundraising events: gross income

    $164,763

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

    $860,023

  • 8b · Fundraising events: direct expenses

    $332,122

  • 8c · Net income from fundraising events

    total -$167,359 · excluded -$167,359

  • 10a · Gross sales of inventory

    $10,341

  • 10b · Cost of goods sold

    $2,207

  • 10c · Net income from sales of inventory

    total $8,134 · unrelated business $8,134

  • 11a · Other revenue: OTHER INCOME

    total $180,644 · excluded $180,644

  • 11e · Other revenue, total

    $180,644

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $27,569,920 · program services $27,569,920

  • 5 · Compensation of officers, directors and key employees

    total $976,823 · program services $508,622 · management and general $245,751 · fundraising $222,450

  • 7 · Other salaries and wages

    total $5,147,083 · program services $2,680,036 · management and general $1,294,911 · fundraising $1,172,136

  • 8 · Pension plan contributions

    total $190,284 · program services $91,907 · management and general $57,276 · fundraising $41,101

  • 9 · Other employee benefits

    total $907,964 · program services $472,997 · management and general $228,307 · fundraising $206,660

  • 10 · Payroll taxes

    total $522,069 · program services $252,231 · management and general $157,101 · fundraising $112,737

  • 11b · Fees: legal

    total $24,521 · management and general $24,521

  • 11c · Fees: accounting

    total $92,537 · management and general $92,537

  • 11f · Fees: investment management

    total $18,478 · management and general $18,478

  • 12 · Advertising and promotion

    total $976,389 · program services $389,253 · management and general $12,805 · fundraising $574,331

  • 13 · Office expenses

    total $100,708 · program services $34,999 · management and general $34,557 · fundraising $31,152

  • 14 · Information technology

    total $551,296 · program services $239,344 · management and general $165,017 · fundraising $146,935

  • 16 · Occupancy

    total $79,182 · program services $33,555 · management and general $30,634 · fundraising $14,993

  • 17 · Travel

    total $670,456 · program services $570,946 · management and general $35,038 · fundraising $64,472

  • 22 · Depreciation, depletion and amortization

    total $93,148 · program services $52,410 · management and general $23,012 · fundraising $17,726

  • 23 · Insurance

    total $173,440 · program services $83,777 · management and general $52,202 · fundraising $37,461

  • 24a · Other expenses: OTHER PROGRAM SERVICES

    total $5,157,731 · program services $5,157,731

  • 24b · Other expenses: PROFESSIONAL FEES

    total $1,680,672 · program services $1,588,692 · management and general $46,036 · fundraising $45,944

  • 24c · Other expenses: PROJECT/FUNDRAISER EVNT

    total $486,362 · program services $485,822 · fundraising $540

  • 24d · Other expenses: POSTAGE & SHIPPING

    total $157,195 · program services $21,300 · management and general $3,061 · fundraising $132,834

  • 24e · All other expenses

    total $424,017 · program services $43,579 · management and general $64,152 · fundraising $316,286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $375,530 · end of year $1,206,523

  • 3 · Pledges and grants receivable

    beginning of year $2,378,935 · end of year $2,130,953

  • 8 · Inventories for sale or use

    beginning of year $105,592 · end of year $117,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $657,279 · end of year $510,192

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

    $2,580,380

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

    $1,343,379

  • 10c · Land, buildings and equipment, net

    beginning of year $1,324,812 · end of year $1,237,001

  • 11 · Investments: publicly traded securities

    beginning of year $6,142,426 · end of year $6,257,346

  • 15 · Other assets

    beginning of year $13,220,836 · end of year $14,182,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,166,053 · end of year $3,475,418

  • 25 · Other liabilities

    beginning of year $4,468,423 · end of year $5,409,747

  • 27 · Net assets without donor restrictions

    beginning of year $11,863,980 · end of year $13,919,510

  • 28 · Net assets with donor restrictions

    beginning of year $4,706,954 · end of year $2,838,016

Mission and programs · 2024

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 2025, HOMES FOR OUR TROOPS HAS TRANSFERRED 423 NEW HOMES IN 45 STATES AND HAS 68 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 09/30/2025, HOMES FOR OUR TROOPS, INC. TRANSFERRED 23 NEW HOMES ACROSS THE COUNTRY, PURCHASED 26 LOTS FOR FUTURE BUILDS, AND BROUGHT 24 NEW VETERANS INTO THE PROGRAM. HOMES FOR OUR TROOPS, INC. ENDED THE FISCAL YEAR WITH A TOTAL OF 423 HOMES TRANSFERRED IN 45 STATES AND 68 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 $40,277,121 · Grants $27,569,920

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • H T Landwermeyer

    PRESIDENT/CEO BG, USA (RET)

    Total calculated
    $218,094
    From this org
    $209,466
    From related orgs
    $0
    Other
    $8,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,466
    Bonus
    $0
    Other
    $0
    Deferred
    $7,175
    Nontaxable benefits
    $1,453
    Filer's total
    $218,094
  • Richard A Cody Gen Usa Ret

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michelle F Yarborough Colusa

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Adam Kisielewski Sgt Usmcret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew F Andresen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hon Patrick J Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jerry Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy P McHale Mg Usa Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Fougere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marvin L Hill Csm Usa Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John F Campbell Gen Usa Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cameron West Capt Usmc Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John R Allen Gen Usmc Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth O Preston Sma Ret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diane Hendricks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William D Ivey

    EXECUTIVE DIRECTOR

    Total calculated
    $160,877
    From this org
    $155,446
    From related orgs
    $0
    Other
    $5,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,446
    Bonus
    $0
    Other
    $0
    Deferred
    $5,431
    Nontaxable benefits
    $0
    Filer's total
    $160,877
  • Cynthia R Baptiste

    CHIEF FINANCIAL OFFICER

    Total calculated
    $186,475
    From this org
    $162,269
    From related orgs
    $0
    Other
    $24,206
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,269
    Bonus
    $0
    Other
    $0
    Deferred
    $5,883
    Nontaxable benefits
    $18,323
    Filer's total
    $186,475
  • William Seymour Thru 032025

    DIRECTOR OF CONSTRUCTION OPERATIONS

    Total calculated
    $165,059
    From this org
    $139,750
    From related orgs
    $0
    Other
    $25,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,750
    Bonus
    $0
    Other
    $0
    Deferred
    $5,056
    Nontaxable benefits
    $20,253
    Filer's total
    $165,059
  • Christopher Mitchell

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $156,333
    From this org
    $132,124
    From related orgs
    $0
    Other
    $24,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,124
    Bonus
    $0
    Other
    $0
    Deferred
    $4,894
    Nontaxable benefits
    $19,315
    Filer's total
    $156,333
  • Frederick H Grein Jr

    SECRETARY (NON-VOTING)

    Total calculated
    $0
    Hours/week
    1
  • Katelyn Donovan

    DIRECTOR OF CONSTRUCTION OPERATIONS

    Total calculated
    $128,992
    From this org
    $115,430
    From related orgs
    $0
    Other
    $13,562
    Hours/week
    40
  • Kathleen Devito

    DIRECTOR OF MARKETING

    Total calculated
    $165,426
    From this org
    $130,612
    From related orgs
    $0
    Other
    $34,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,612
    Bonus
    $0
    Other
    $0
    Deferred
    $4,930
    Nontaxable benefits
    $29,884
    Filer's total
    $165,426
  • Renee Gugliotta

    DEPUTY DIRECTOR OF MARKETING

    Total calculated
    $127,967
    From this org
    $124,199
    From related orgs
    $0
    Other
    $3,768
    Hours/week
    40
  • Jaye Olmstead

    DEPUTY DIRECTOR OF DEVELOPMENT

    Total calculated
    $114,042
    From this org
    $100,881
    From related orgs
    $0
    Other
    $13,161
    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
2024
Filed
18 March 2026
IRS schema version
2024v5.5
Source object
202610789349301201

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