2025-02-20T07:33:58-06:00 2024-09-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-10-01 542143612 HOMES FOR OUR TROOPS INC HOME 5088233300 6 MAIN STREET TAUNTON MA 02780 H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 5088233300 2025-02-19 1 1 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z H T LANDWERMEYER 6 MAIN STREET TAUNTON MA 02780 54670769 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 87 3978 11932 7389 38001909 43368304 178620 807523 403040 411188 -73596 7177 38509973 44594192 23985346 37045619 0 0 6388114 7005651 0 0 2673329 8013021 5869667 38386481 49920937 123492 -5326745 32262798 24205410 11397478 7634476 20865320 16570934 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 2024, HOMES FOR OUR TROOPS HAS TRANSFERRED 400 NEW HOMES IN 45 STATES AND HAS 72 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 44834715 37045619 807523 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 09/30/2024, HOMES FOR OUR TROOPS, INC. TRANSFERRED 31 NEW HOMES ACROSS THE COUNTRY, PURCHASED 20 LOTS FOR FUTURE BUILDS, AND BROUGHT 25 NEW VETERANS INTO THE PROGRAM. HOMES FOR OUR TROOPS, INC. ENDED THE FISCAL YEAR WITH A TOTAL OF 400 HOMES TRANSFERRED IN 45 STATES AND 72 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. 44834715 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 1 134 0 1 87 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 AZ 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 X H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 40.00 0.00 X X 188219 0 8352 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 1.00 0.00 X 0 0 0 WILLIAM D IVEY EXECUTIVE DIRECTOR 40.00 0.00 X 150979 0 5284 CYNTHIA R BAPTISTE CHIEF FINANCIAL OFFICER 40.00 0.00 X 156998 0 7259 WILLIAM SEYMOUR DIRECTOR OF CONSTRUCTION OPERATIONS 40.00 0.00 X 131555 0 25771 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 125679 0 33810 CHRISTOPHER MITCHELL DIRECTOR OF DEVELOPMENT 40.00 0.00 X 122690 0 25461 KATELYN DONOVAN CONSTRUCTION OPERATIONS MANAGER 40.00 0.00 X 103863 0 13959 979983 0 119896 7 0 1 0 SYMMETRY CONSTRUCTION & DESIGN 371 CAPISTRANO VISTAS ST LAS VEGAS NV 89138 CONSTRUCTION 1467315 KENT CUSTOM HOMES 1201 LOUISIANA AVENUE ST CLOUD FL 34769 CONSTRUCTION 1108330 MANSFIELD CUSTOM HOMES LLC 1016 S 2ND AVENUE MANSFIELD TX 76063 CONSTRUCTION 828482 JASON SCOTT CUSTOM BUILDERS 13101 WOODSBORO DRIVE GAITHERSBURG MD 20878 CONSTRUCTION 690084 MASON SKY ENTERPRISES LLC 45 RIVER STREET MILLBURY MA 01527 CONSTRUCTION 650378 15 38561 597885 42731858 8811524 43368304 REIMBURSEMENT FOR HOME SALES 900099 807523 807523 807523 340065 340065 9916168 9845045 71123 71123 71123 118217 597885 229219 -111002 -111002 14245 2313 11932 11932 REBATES 900099 90048 90048 OTHER INCOME 900099 16199 16199 106247 44594192 807523 11932 406433 X 37045619 37045619 686961 347741 207788 131432 4903311 2567456 1208804 1127051 156617 75646 47142 33829 795842 381969 243055 170818 462920 223591 99991 139338 61959 61959 85093 85093 34896 34896 806673 413005 4881 388787 90746 30467 35845 24434 448952 223266 116402 109284 68893 28986 27074 12833 807499 714568 37273 55658 4713 4713 97069 53930 23856 19283 234475 113251 70577 50647 PROFESSIONAL FEES 1107307 1027731 41859 37717 OTHER PROGRAMS SERVICES 1020820 1020820 PROJECT/FUNDRAISER EVNT 481102 479267 1835 POSTAGE & SHIPPING 139918 26914 2254 110750 379552 60488 59431 259633 49920937 44834715 2412893 2673329 812646 375530 3458961 2378935 106935 105592 481971 657279 2575043 1250231 1269560 1324812 9494642 6142426 16638083 13220836 32262798 24205410 2959800 3166053 8437678 4468423 11397478 7634476 X 17406359 11863980 3458961 4706954 20865320 16570934 32262798 24205410 -5326745 1032359 0 X 0 1 X 1 0 X 26309217 29182383 35070968 38001909 43368304 171932781 26309217 29182383 35070968 38001909 43368304 171932781 3265790 168666991 203326 211917 455893 455453 340065 1666654 4013 5168 4756 5515 11932 31384 9408 103388 183315 174800 224464 695375 174326194 3746253 0.96750 0.97330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2019 AMOUNT: $ 508. 2020 AMOUNT: $ 103,388. 2021 AMOUNT: $ 183,315. 2022 AMOUNT: $ 125,741. 2023 AMOUNT: $ 118,217. REBATES - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 90,048. OTHER INCOME - 2019 AMOUNT: $ 8,900. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 49,059. 2023 AMOUNT: $ 16,199. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50500 50500 1734834 865839 868995 789709 384392 405317 1324812 CONSTRUCTION & ACQUISITION COSTS FOR VETERANS' HOMES 13220836 13220836 CONTRACTUAL COMMITMENT TO TRANSFER HOMES TO VETS 4468423 4468423 X 62167139 1032359 16575484 17607843 44559296 34896 34896 44594192 66461525 16575484 16575484 49886041 34896 34896 49920937 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, 2024 AND 2023, 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, 2024 OR 2023. THE ORGANIZATION IS CURRENTLY NOT SUBJECT TO ANY AUDITS BY ITS TAXING JURISDICTIONS. SWINGS-SOLDIER 142744 80684 62060 9353 33897 439 24889 HFOT_GOLF CLASSIC 114550 80536 34014 1252 30196 1280 13813 11 458808 436665 22143 6270 40198 67632 716102 597885 118217 16875 104291 1719 106334 229219 -111002 1 SPECIALLY-ADAPTED HOMES 31 37045619 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 400 VETERANS FOR WHOM WE HAVE TRANSFERRED HOMES, TEN 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 0 0 0 0 0 0 0 0 0 H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 188219 0 0 0 0 0 6587 0 1765 0 196571 0 0 0 CYNTHIA R BAPTISTE CHIEF FINANCIAL OFFICER 156998 0 0 0 0 0 5494 0 1765 0 164257 0 0 0 KATHLEEN DEVITO DIRECTOR OF MARKETING 125679 0 0 0 0 0 4398 0 29412 0 159489 0 0 0 WILLIAM SEYMOUR DIRECTOR OF CONSTRUCTION OPERATIONS 131555 0 0 0 0 0 4604 0 21167 0 157326 0 0 0 WILLIAM D IVEY EXECUTIVE DIRECTOR 150979 0 0 0 0 0 5284 0 0 0 156263 0 0 0 X 1 58000 FMV X 40 4073009 FMV X HOME CONST MA 0 3708909 FMV X DONATED MEDIA 38 971606 FMV 0 1 1 PART I, LINE 32B: NUMBER OF CONTRIBUTIONS: AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 19: THE ORGANIZATION INCURRED A LARGE DEFICIT IN FY24 AS IT WAS THE 20TH ANNIVERSARY YEAR WITH A GOAL TO COMPLETE AND TRANSFER 31 HOMES, BRINGING THE TOTAL HOMES DELIVERED SINCE 2004 TO 400. THIS DEFICIT WAS PARTIALLY OFFSET BY THE SURPLUSES ACCUMULATED OVER THE PAST THREE FISCAL YEARS. THE ORGANIZATION'S USUAL OPERATIONAL POLICY IS TO OPERATE WITHIN A BALANCED BUDGET. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY A NATIONAL TAX ADVISORS 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 FY23 FOR FY24 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 VII, LINES 1-7 (COLUMN F) AND FORM 990, SCHEDULE J, PART II, LINES 1-5 (COLUMN D): ESTIMATED AMOUNT OF OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ORGANIZATIONS REFLECTS 401(K) COMPANY MATCH OF 3.5%, AND NONTAXABLE MEDICAL AND DENTAL INSURANCE PREMIUMS FOR THOSE WHO CHOOSE TO USE IT. 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 400 VETERANS FOR WHOM WE HAVE TRANSFERRED HOMES, TEN 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 FY24, 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.