HERO HOMES INC

EIN: 474332276 501(c)(3) Human Services

PURCELLVILLE, VA

Total Revenue
$187,073
Total Expenses
$23,213
Total Assets
$721,986
Net Assets
$721,986
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Principal Officer
SAM CHAPMAN
Phone
7032979135
Tax Period
2024-01-01 to 2024-12-31

HEROHOMES INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $261K in total revenue in fiscal year 2018. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 20% operating margin.

Mission

BUILDING HOUSES, JOBS, AND COMMUNITY FOR THOSE WHO HAVE FOUGHT FOR THE PRESERVATION OF FREEDOM AND DEMOCRACY FOR OTHERS. HEROHOMES IS A 501(C)3 NOT FOR PROFIT FOUNDATION ESTABLISHED TO BUILD HOUSES FOR THOSE WHO HAVE FOUGHT FOR THE PRESERVATION OF FREEDOM AND DEMOCRACY FOR OTHERS. THESE DESERVING VETS AND THEIR FAMILIES CANNOT REGAIN WHAT THEY LOST DEFENDING OUR COUNTRY, BUT WE CAN GIVE THEM A NEW START IN BUILDING A SOLID FOUNDATION FOR THEIR FUTURE AND THE DIGNITY OF AN INDEPENDENT LIFE IN A WONDERFUL SMALL TOWN COMMUNITY SETTING. WE PROVIDE THE OPPORTUNITY FOR DISABLED VETERANS TO REJOIN SOCIETY WITH THE SECURITY AND PRIDE OF HOME OWNERSHIP. FUNDRAISING BEGAN IN 2015 TO FUND THE PURCHASE OF LAND AND CONSTRUCTION ON THE FIRST HOME FOR A DISABLED VETERAN WAS STARTED IN 2016. ONE HOME WAS DONATED TO A DISABLED VETERAN IN 2017, ONE IN 2018, ONE IN 2019, ONE IN 2021, AND ONE IN 2022.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,015
Program Service Revenue $0
Investment Income $4,000
Other Revenue $55,058
TOTAL REVENUE $187,073

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $6,528
Program Expenses $6,361
Other Expenses $21,213
TOTAL EXPENSES $23,213

Year-over-Year Comparison

2024 2023 Change
Revenue $187,073 $107,244 +0.7%
Expenses $23,213 $36,567 -0.4%
Net Income $163,860 $70,677 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM CHAPMAN PRESIDENT 10.00
Officer Director
$0 $0 $0
AARON MCCLEARY VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
BRYAN SNOW DIRECTOR 2.00
Director
$0 $0 $0
MIKE HUMMEL DIRECTOR 2.00
Director
$0 $0 $0
KIM VALENTINE SECRETARY 4.00
Officer
$0 $0 $0
MATTHEW LOWERS TREASURER 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $187,073 $23,213 $721,986 $163,860
2023 $107,244 $36,567 $558,126 $70,677
2022 $831,488 $1,184,077 $487,459 $-352,589
2021 $428,169 $224,333 $840,048 $203,836
2020 $117,594 $8,658 $636,212 $108,936
2019 $416,345 $130,895 $527,276 $285,450
2018 $261,117 $208,591 $241,826 $52,526
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