Homes for Our Troops
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Homes for Our Troops meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to build and donate specially adapted custom homes nationwide for severely injured post-9/11 Veterans, to enable them to rebuild their lives."
Year, State Incorporated:
2004, MA
Homes For Our Troops (HFOT) builds and donates specially adapted custom homes nationwide for severely injured post-9/11 Veterans to enable them to rebuild their lives. Most of these Veterans have sustained injuries, including multiple limb amputations, partial or total paralysis, and/or severe traumatic brain injury (TBI). These mortgage-free homes are built with over 40 major adaptations to provide barrier-free living to the Veterans, with the aim of restoring some of their freedom and independence. HFOT builds homes where the Veterans choose to live and continues its relationship with them after home delivery to support them in rebuilding their lives.
For the year ended September 30, 2023, Homes for Our Troops's program expenses were:
| Public service announcements | $36,419,166 |
| Program services | $33,793,946 |
| Total Program Expenses | $70,213,112 |
Chief Executive
H.T. "Tom" Landwermeyer, Brigadier General, (USA, Retired), President and Chief Executive Officer
Compensation*
$192,674
Chair of the Board
General Richard A. Cody (USA, Retired)
Chair's Profession / Business Affiliation
Retired 4-star Army General
Board Size
15
Paid Staff Size
71
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio, Special events, Foundation grants, Print advertisements
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $74,390,731, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Homes for Our Troops's audited financial statements for the year ended September 30, 2023.
Source of Funds
| Other revenue | $233,194 |
| Special events revenue, net | $439,554 |
| Investment income | $1,374,796 |
| Contributed materials and services | $4,640,438 |
| Contributions | $32,891,573 |
| Contributed public service announcements | $36,419,166 |
| Total Income | $75,998,721 |
Programs: 94% Fundraising: 3% Administrative: 3%
| Total Income | $75,998,721 |
| Total expenses: | $74,848,454 |
| Program expenses | $70,213,112 |
| Fundraising expenses | $2,357,920 |
| Administrative expenses | $2,277,422 |
| Other expenses | $0 |
| Income in Excess of Expenses | $1,150,267 |
| Beginning Net Assets | $19,715,053 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $20,865,320 |
| Total Liabilities | $11,397,478 |
| Total Assets | $32,262,798 |
Note: According to HFOT's audited financial statements for the year ended September 30, 2023, the organization received in-kind contributions totaling $41,059,604 in the form of public service announcements ($36,419,166), building material and construction services ($2,983,978), and professional services ($1,656,460).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance