Overview
What is Homes For Our Troops Inc?
Homes For Our Troops Inc is a nonprofit organization dedicated to building and donating specially-adapted custom homes to severely injured post-9/11 veterans across the United States. Based in Taunton, Massachusetts, the organization has transferred over 346 homes in 44 states, providing barrier-free living spaces for veterans and their families. During the fiscal year 2022, they built and donated 21 new homes, acquired 25 lots for future builds, and welcomed 18 new veterans into the program. The homes are designed with over 40 major adaptations, including roll-under counters, specially-equipped kitchens, roll-in showers, wider halls and doorways, full-home generators, and storm rooms. In addition to building homes, Homes For Our Troops supports veterans in rebuilding their lives by providing financial planning assistance for a three-year period. As of the end of fiscal year 2022, they had 67 ongoing projects.
Official website here: www.hfotusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Homes For Our Troops Inc has received an impressive 97% rating from Charity Navigator, which reflects its strong accountability and financial management. The organization scores exceptionally high in various categories, including a perfect 100 in Culture & Community as well as Leadership & Adaptability. With a significant program expense ratio of 87.27%, the majority of funds are directly utilized in fulfilling its mission to provide specially adapted homes for severely injured veterans.
User reviews consistently praise Homes For Our Troops for its dedicated and organized approach in supporting veterans. Many donors and volunteers have shared personal experiences of participating in home builds and expressed gratitude for the life-changing impact these homes have on veterans and their families. The organization not only focuses on delivering accessible housing but also fosters community involvement, creating a strong support network for veterans.
Despite the overwhelmingly positive feedback, there are some concerns about management practices and transparency, as highlighted by a few reviewers. Some criticisms focused on high executive salaries and the perceived lack of clarity regarding financial statements. Nonetheless, the vast majority of feedback underscores the organization's commitment to its mission and the profound difference it has made in the lives of veterans.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Homes For Our Troops Inc legitimate?
Homes For Our Troops Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes For Our Troops Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $540,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,191,308
For more financial information, click here
Official website here: www.hfotusa.org
What is the mission statement of Homes For Our Troops Inc?
Homes For Our Troops is a non-profit organization that builds and donates specially adapted custom homes for severely injured post-9/11 veterans across the United States. The purpose of these homes is to help veterans rebuild their lives by providing barrier-free living spaces designed to enhance their freedom and independence. After the delivery of a new home, Homes For Our Troops continues to support veterans by offering them a pro-bono financial planner for three years to help establish and maintain financial security as homeowners. As of the end of the fiscal year 2022, Homes For Our Troops has transferred 346 new homes to veterans in 44 states and has 67 projects under construction or in the land acquisition phase.
Official website here: www.hfotusa.org
Who is the CEO of Homes For Our Troops Inc?
H T Landwermeyer is the President/Ceo Bg, Usa (Ret) of Homes For Our Troops Inc. The CEO's salary of Homes For Our Troops Inc is $172,374 and their total compensation is $178,431.
Official website here: www.hfotusa.org
What is the revenue of Homes For Our Troops Inc?
Homes For Our Troops Inc's revenue in 2022 was $35,704,270.
Official website here: www.hfotusa.org
Who are the executives of Homes For Our Troops Inc and what are their salaries?
The average compensation at Homes For Our Troops Inc during 2022 was $59,898. There are 79 employees and 2097 volunteers at Homes For Our Troops Inc.
Here are 20 key members and their salaries (Homes For Our Troops Inc's CEO's salary is $172,374 and their total compensation is $178,431):
- Compensation: $172,374
- Related: $0
- Other: $6,057
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $140,762
- Related: $0
- Other: $4,927
- Compensation: $140,898
- Related: $0
- Other: $4,848
- Compensation: $139,483
- Related: $0
- Other: $4,937
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $117,727
- Related: $0
- Other: $4,428
Official website here: www.hfotusa.org
Where can I find the form 990 for Homes For Our Troops Inc?
Homes For Our Troops Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfotusa.org
Learn more at the official website: www.hfotusa.org
Mission Statement of Homes For Our Troops Inc
Homes For Our Troops, a renowned nonprofit organization, is dedicated to constructing and donating specially adapted custom homes nationwide for severely injured post-9/11 veterans. The primary objective is to help these brave men and women rebuild their lives. Homes are built where the veterans prefer to live, and the organization continues its support beyond home delivery.
As of the end of the fiscal year 2022, Homes For Our Troops has transferred 346 new homes to injured veterans in 44 states and has 67 projects under construction or in the land acquisition phase. Each custom-designed home offers barrier-free living for veterans and their families, restoring some of their independence and freedom. The organization's mission does not end with home delivery; it also provides each veteran with a pro-bono financial planner for a three-year period to assist in establishing and maintaining financial security and setting them up for success as homeowners.
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Impact
October, 2024
Homes For Our Troops Inc has a profound impact on the lives of severely injured post-9/11 veterans. By building and donating specially adapted custom homes, the organization creates environments that promote barrier-free living. Each home features over 40 major adaptations, such as roll-under counters, roll-in showers, and wider hallways, which help restore veterans' freedom and independence.
In the fiscal year ending September 30, 2022, Homes For Our Troops transferred 21 new homes, bringing the total to 346 homes across 44 states. Additionally, 67 projects were either underway or in the land acquisition phase. This initiative not only provides veterans with a safe and accessible living space but also supports them in their journey to rebuild their lives.
The organization’s commitment extends beyond home construction. Homes For Our Troops provides veterans with access to pro-bono financial planners for three years, helping them establish and maintain financial security and navigate homeownership successfully. This holistic approach ensures that the support continues long after the homes are built, facilitating a smoother transition to civilian life for those who have sacrificed so much for their country.
This information is meant to be a general summary of Homes For Our Troops Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$207,138
- Program Service Revenue: $852,430
- Gross Receipts: $40,768,705
Assets and Liabilities:
- Total Assets: $32,216,870
- Total Liabilities: $12,501,817
- Net Assets: $19,715,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENT FOR HOME
Revenue
$852,430
Organization Details
Founding Year
2004
Phone
(508) 823-3300Principal Officer
H T Landwermeyer
Main Address
6 MAIN STREET, TAUNTON, MA, 02780
Website
www.hfotusa.orgNTEE Category
Code: L99 - Housing
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