2024-02-14T18:50:06-06:00 2023-09-30 366055558 GRANT THORNTON LLP 75 STATE STREET 13TH FLOOR BOSTON MA 02109 990 2022-10-01 542143612 HOMES FOR OUR TROOPS INC HOME 5088233300 6 MAIN STREET TAUNTON MA 02780 H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 5088233300 2024-02-14 1 H LANDWERMEYER XXX-XX-XXXX 1 ERIN COUTURE P01390592 6177237900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z H T LANDWERMEYER 6 MAIN STREET TAUNTON MA 02780 46170194 0 X WWW.HFOTUSA.ORG X 2004 MA 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. 15 14 79 2980 5515 1584 35070968 38001909 852430 178620 -207138 403040 -11990 -73596 35704270 38509973 20646171 23985346 0 0 5898915 6388114 0 0 2338365 6132901 8013021 32677987 38386481 3026283 123492 32216870 32262798 12501817 11397478 19715053 20865320 X 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 2023, HOMES FOR OUR TROOPS HAS TRANSFERRED 369 NEW HOMES IN 45 STATES AND HAS 78 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. 0 0 33776877 23985346 178620 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 09/30/2023, HOMES FOR OUR TROOPS, INC. TRANSFERRED 23 NEW HOMES ACROSS THE COUNTRY, PURCHASED 24 LOTS FOR FUTURE BUILDS, AND BROUGHT 26 NEW VETERANS INTO THE PROGRAM. HOMES FOR OUR TROOPS, INC. ENDED THE FISCAL YEAR WITH A TOTAL OF 369 HOMES TRANSFERRED IN 45 STATES AND 78 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. 33776877 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 124 0 1 79 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X CYNTHIA R BAPTISTE 5088233300 6 MAIN STREET TAUNTON MA 02780 H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 40.00 0.00 X X 186448 0 6226 RICHARD A CODY GEN USA RET CHAIRMAN/DIRECTOR 1.00 0.00 X X 0 0 0 MICHELLE F YARBOROUGH COLUSA DIRECTOR/TREASURER 1.00 0.00 X X 0 0 0 ADAM KISIELEWSKI SGT USMCRET DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW F ANDRESEN DIRECTOR 1.00 0.00 X 0 0 0 HON PATRICK J MURPHY DIRECTOR 1.00 0.00 X 0 0 0 JERRY MORGAN DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY P MCHALE MG USA RET DIRECTOR 1.00 0.00 X 0 0 0 DAN FOUGERE DIRECTOR 1.00 0.00 X 0 0 0 MARVIN L HILL CSM USA RET DIRECTOR 1.00 0.00 X 0 0 0 JOHN F CAMPBELL GEN USA RET DIRECTOR 1.00 0.00 X 0 0 0 CAMERON WEST CAPT USMC RET DIRECTOR 1.00 0.00 X 0 0 0 JOHN R ALLEN GEN USMC RET DIRECTOR 1.00 0.00 X 0 0 0 KENNETH O PRESTON SMA RET DIRECTOR 1.00 0.00 X 0 0 0 DIANE HENDRICKS DIRECTOR (AS OF 11/22) 1.00 0.00 X 0 0 0 WILLIAM D IVEY EXECUTIVE DIRECTOR 40.00 0.00 X 150377 0 5250 CYNTHIA R BAPTISTE CHIEF FINANCIAL OFFICER 40.00 0.00 X 147694 0 5603 WILLIAM SEYMOUR AS OF 0323 DIRECTOR OF CONSTRUCTION OPERATIONS 40.00 0.00 X 122536 0 4748 FREDERICK H GREIN JR SECRETARY (NON-VOTING) 1.00 0.00 X 0 0 0 KATHLEEN DEVITO DIRECTOR OF MARKETING 40.00 0.00 X 123587 0 4730 CHRISTOPHER MITCHELL DIRECTOR OF DEVELOPMENT 40.00 0.00 X 116517 0 4535 JUDITH BARRIGAS THRU 1022 DIRECTOR OF HUMAN RESOURCES 0.00 0.00 X 110388 0 0 957547 0 31092 7 0 1 0 MASON SKY ENTERPRISES LLC 45 RIVER STREET MILLBURY MA 01527 CONSTRUCTION 1819958 KENT CUSTOM HOMES 1201 LOUISIANA AVENUE ST CLOUD FL 34769 CONSTRUCTION 802892 SILVER RIDGE LLC 2927 JERUSALEM ROAD LEXINGTON NC 27292 CONSTRUCTION 770827 BREMNER CUSTOM HOMES 310 SAGE MEADOWS LANE BONAIRE GA 31005 CONSTRUCTION 644814 JT CUSTOM BUILDERS LLC 3860 W WATERSVILLE ROAD MOUNT AIRY MD 21771 CONSTRUCTION 531699 13 38103 567724 37396082 4542612 38001909 REIMBURSEMENT FOR HOME 900099 178620 178620 178620 455453 455453 7350049 7402462 -52413 -52413 -52413 125741 567724 253911 -128170 -128170 9363 3848 5515 5515 OTHER INCOME 900099 49059 49059 49059 38509973 178620 5515 323929 X 23985346 23985346 617389 318923 185413 113053 4448615 2368471 1112184 967960 158118 76213 47752 34153 759432 322629 238787 198016 404560 194998 122177 87385 9467 5975 3492 81660 81660 55019 55019 703485 362180 23687 317618 93514 33345 27110 33059 386950 192529 106825 87596 56439 27482 18476 10481 655951 585192 29453 41306 16082 16082 89454 44706 22320 22428 209503 99662 65179 44662 OTHER PROGRAMS SERVICES 3202092 3202092 0 0 PROFESSIONAL FEES 1660833 1560777 63407 36649 PROJECT/FUNDRAISER EVNT 325950 324955 0 995 POSTAGE & SHIPPING 120223 16533 1504 102186 346399 54869 50712 240818 38386481 33776877 2271239 2338365 279119 812646 1999211 3458961 79555 106935 578136 481971 2422722 1153162 1300993 1269560 12220652 9494642 15759204 16638083 32216870 32262798 2789768 2959800 9712049 8437678 12501817 11397478 X 17715842 17406359 1999211 3458961 19715053 20865320 32216870 32262798 123492 1026775 0 X 0 1 X 1 0 X 25910911 26309217 29182383 35070968 38001909 154475388 25910911 26309217 29182383 35070968 38001909 154475388 1971692 152503696 320499 203326 211917 455893 455453 1647088 7348 4013 5168 4756 5515 26800 67294 9408 103388 183315 174800 538205 156687481 3193403 0.97330 0.98670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2018 AMOUNT: $ 50,538. 2019 AMOUNT: $ 508. 2020 AMOUNT: $ 103,388. 2021 AMOUNT: $ 183,315. 2022 AMOUNT: $ 125,741. OTHER INCOME - 2018 AMOUNT: $ 16,756. 2019 AMOUNT: $ 8,900. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 49,059. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50500 50500 1694285 832046 862239 677937 321116 356821 1269560 CONSTRUCTION & ACQUISITION COSTS FOR VETERANS' HOMES 16638083 16638083 CONTRACTUAL COMMITMENT TO TRANSFER HOMES TO VETS 8437678 8437678 X 75998721 1026775 36516992 37543767 38454954 55019 55019 38509973 74848454 36516992 36516992 38331462 55019 55019 38386481 PART X, LINE 2: FIN 48 FOOTNOTE: THE ORGANIZATION IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022, THERE WAS NO SIGNIFICANT UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS AND ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE ORGANIZATION HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2023 OR 2022. THE ORGANIZATION IS CURRENTLY NOT SUBJECT TO ANY AUDITS BY ITS TAXING JURISDICTIONS. CAMARADERIE CL 117248 97891 19357 2520 27178 0 13584 SWINGS-SOLDIER 159634 107174 52460 6777 29175 271 18481 15 416583 362659 53924 4539 33735 2208 115443 693465 567724 125741 13836 90088 2479 147508 253911 -128170 1 SPECIALLY-ADAPTED HOMES 23 23985346 FMV SEE PART IV PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS HFOT TRANSFERS HOME DEEDS DIRECTLY TO VETERANS AS PART OF ITS MISSION. ALTHOUGH THE VETERAN PAYS NO MORTGAGE, HFOT PLACES A 10 YEAR LIEN ON THE HOME. THIS PROTECTS THE VETERAN FROM LOSING THE HOME DUE TO HOME EQUITY LOAN FORECLOSURE AND SAFEGUARDS OUR DONORS' INVESTMENTS IN THE PROGRAM; IT ALSO PROVIDES A PERIOD OF TIME FOR THE FAMILY TO BECOME MORE FINANCIALLY STABLE. BEGINNING IN YEAR SIX, THE VETERAN ACCRUES 20 PERCENT EQUITY PER YEAR UNTIL HE/SHE HAS FULL EQUITY AFTER 10 YEARS IN THE HOME. OF THE 369 VETERANS FOR WHOM WE HAVE TRANSFERRED HOMES, NINE MOVED OUT BEFORE THE END OF THEIR LIEN PERIOD, OFTEN BECAUSE OF SIGNIFICANT CHANGES IN FAMILY SITUATIONS. THIS IS REFLECTIVE OF OUR THOROUGH SELECTION PROCESS AND FOLLOW UP ONCE THE VETERANS ARE IN THEIR HOME. X X X X 1 0 0 0 0 0 0 0 0 H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 186448 0 0 0 0 0 6226 0 0 0 192674 0 0 0 WILLIAM D IVEY EXECUTIVE DIRECTOR 150377 0 0 0 0 0 5250 0 0 0 155627 0 0 0 CYNTHIA R BAPTISTE CHIEF FINANCIAL OFFICER 147694 0 0 0 0 0 5603 0 0 0 153297 0 0 0 PART I, LINE 4A THE DIRECTOR OF HUMAN RESOURCES, JUDITH BARRIGAS, SEPARATED FROM SERVICE IN OCTOBER OF 2022 AND RECEIVED SEVERANCE PAYMENTS OF $20,625 IN CALENDAR YEAR 2022. IF JUDITH BARRIGAS COMPENSATION MET THE THRESHOLD TO BE INCLUDED ON SCHEDULE J, THIS AMOUNT WOULD BE REPORTED ON THE FORM 990, SCHEDULE J, PART II, COLUMN B(III). THE REMAINING SEVERANCE PAYMENT OF $76,875 WAS PAID OUT IN CALENDAR YEAR 2023. X 34 264200 FMV X HOME CONST MA 0 2983978 FMV X DONATED MEDIA 31 1294434 FMV 0 1 1 PART I, LINE 32B: NUMBER OF CONTRIBUTIONS: AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH INTERNAL MANAGEMENT. THE FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S SENIOR MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. AFTER CHANGES, IF ANY, ARE MADE, THE FORM 990 IS THEN DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED. THE FORM 990 IS FILED ONCE IT IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THIS POLICY IS PART OF THE ORGANIZATION'S BY LAWS AND IT COVERS ALL EMPLOYEES, OFFICERS, AND DIRECTORS. POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AT THE BOARD LEVEL. MONITORING IS CONDUCTED PRIMARILY BY THE DIRECTOR OF FINANCE IN HIS/HER CAPACITY OF REVIEWING ALL EXPENDITURES AND CONTRACTUAL AGREEMENTS OF THE ORGANIZATION. EXECUTIVES OF THE ORGANIZATION ALSO WATCH FOR CONFLICTS ARISING IN THE NORMAL COURSE OF BUSINESS AND ELIMINATE THEM OR BRING THEM TO THE ATTENTION OF THE BOARD. ANNUALLY, BOARD DIRECTORS REVIEW THEIR SITUATION AND SIGN AN ACKNOWLEDGEMENT OF NO CONFLICTS OF INTEREST. IF A CONFLICT EXISTS, THE GOVERNING BODY WILL WORK WITH THE INVOLVED INDIVIDUAL TO ASCERTAIN ALL RELEVANT FACTS CONCERNING THE CONFLICT. IF APPLICABLE, THE CONFLICTED INDIVIDUAL WILL EXCUSE HIMSELF OR HERSELF FROM VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW PROCESS COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, AND OTHER OFFICERS IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS BASED ON DATA OBTAINED FROM VARIOUS SOURCES, INCLUDING FORMS 990 OF COMPARABLE ORGANIZATIONS, AND NON-PROFIT SALARY AND BENEFIT STUDIES AVAILABLE FROM INDUSTRY SOURCES. BOTH WERE REVIEWED IN FY22 FOR FY23 SALARIES. THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE OVERALL COMPENSATION RECOMMENDATION FOR THE NEXT FISCAL YEAR PRIOR TO ITS INCLUSION IN THE BUDGET, WHICH IS APPROVED BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO PUBLIC THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE AND ARE ALSO AVAILABLE VIA POSTAL MAIL OR E-MAIL UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY PUBLIC. FORM 990, PART IX, LINE 2: HFOT TRANSFERS HOME DEEDS DIRECTLY TO VETERANS AS PART OF ITS MISSION. ALTHOUGH THE VETERAN PAYS NO MORTGAGE, HFOT PLACES A 10 YEAR LIEN ON THE HOME. THIS PROTECTS THE VETERAN FROM LOSING THE HOME DUE TO HOME EQUITY LOAN FORECLOSURE AND SAFEGUARDS OUR DONORS' INVESTMENTS IN THE PROGRAM; IT ALSO PROVIDES A PERIOD OF TIME FOR THE FAMILY TO BECOME MORE FINANCIALLY STABLE. BEGINNING IN YEAR SIX, THE VETERAN ACCRUES 20 PERCENT EQUITY PER YEAR UNTIL HE/SHE HAS FULL EQUITY AFTER 10 YEARS IN THE HOME. OF THE 369 VETERANS FOR WHOM WE HAVE TRANSFERRED HOMES, NINE HAVE MOVED OUT BEFORE THE END OF THEIR LIEN PERIOD, OFTEN BECAUSE OF SIGNIFICANT CHANGES IN FAMILY SITUATIONS. THIS IS REFLECTIVE OF OUR THOROUGH SELECTION PROCESS AND FOLLOW UP ONCE THE VETERANS ARE IN THEIR HOME. FOR FY23, THE COST OF THE HOMES TRANSFERRED TO VETERANS IS REFLECTED AS "OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS" IN PART IX, LINE 2. HOMES FOR OUR TROOPS, INC. DOES NOT PROVIDE CASH GRANTS TO VETERANS.