BBB Wise Giving Report for
Homes for Our Troops

BBB Wise Giving Report issued December 2011
BBB Wise Giving Report expires December 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Homes for Our Troops
Address: 6 Main Street
  Taunton, MA 02780
Phone: 508-823-3300
866-787-6677
Web Address: www.homesforourtroops.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2004, Massachusetts
Affiliates: None
Stated Purpose: "to assist severely injured and disabled veterans by providing, at no cost to the veteran, specially adapted, handicap-accessible homes designed to accommodate the veteran’s disabilities."

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Evaluation Conclusions

               

Homes for Our Troops (HFOT) does not meet the following Standard for Charity Accountability.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

HFOT does not meet this Standard because:

It has not completed an effectiveness assessment.
Homes for Our Troops (HFOT) meets the remaining 19 Standards for Charity Accountability.
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Programs

               

HFOT assists disabled veterans across the country by raising donations of money, building materials and professional labor and coordinating the process of building homes that provide barrier-free living and handicapped accessibility. These homes are provided at no cost to the veteran, and each home includes special adaptations needed to give the veteran independence and freedom of movement in his or her home. The organization reports that it has completed 100 homes and is working to build another 100 homes over the next three years.

For the fiscal year ended September 30, 2010, HFOT's program expenses were:

  
Program services 10,535,768
Total Program Expenses: $10,535,768
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Governance

               

Chief Executive : John S. Gonsalves, President
Compensation*:
 $124,713

Chair of the Board: General Richard A. Cody (US Army, retired)
Chair's Profession / Business Affiliation: Corporate VP, L-3 Communications

Board Size: 6

Paid Staff Size: 35

*October 1, 2009 - September 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $11,158,083, are donations received as a result of fund raising activities.)
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Tax Status

               

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.
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Financial

               

The following information is based on HFOT's audited financial statements for the fiscal year ended September 30, 2010.

Source of Funds  
Contributions 7,916,859
Contributed materials and services 3,150,113
Investment income 512,396
Special events, net 91,111
Other revenue 22,360
Total Income $11,692,839


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Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 6%  Administrative: 5% 

Total income   $11,692,839
  Program expenses $10,535,768
  Fund raising expenses 676,947
  Administrative expenses 563,023
 
Total expenses   $11,775,738
Expenses in Excess of Income   (82,899)
Beginning net assets   19,063,220
Ending net assets   18,980,321
Total liabilities   2,890,091
Total assets   $21,870,412

Note: For the year ended September 30, 2010, HFOT reported in-kind income of $3,150,113 for home building materials ($3,068,982), advertising ($37,110), airline flights ($34,583), and rental equipment and other ($9,438).

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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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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