HOMES FOR OUR TROOPS INC

EIN: 542143612 501(c)(3) Housing & Shelter

TAUNTON, MA

Total Revenue
$45,975,011
Total Expenses
$46,000,275
Total Assets
$25,642,691
Net Assets
$16,757,526
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MA
Principal Officer
H T LANDWERMEYER
Phone
5088233300
Tax Period
2024-10-01 to 2025-09-30

HOMES FOR OUR TROOPS INC, founded in 2004, is a mid-sized nonprofit in the Housing & Shelter sector that reported $46.0M in total revenue in fiscal year 2024.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,652,232
Program Service Revenue $0
Investment Income $301,360
Other Revenue $21,419
TOTAL REVENUE $45,975,011

Expense Breakdown

Grants Paid $27,569,920
Salaries & Benefits $7,744,223
Fundraising Expenses $3,137,758
Program Expenses $40,277,121
Other Expenses $10,686,132
TOTAL EXPENSES $46,000,275

Year-over-Year Comparison

2024 2023 Change
Revenue $45,975,011 $44,594,192 +0.0%
Expenses $46,000,275 $49,920,937 -0.1%
Net Income $-25,264 $-5,326,745 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
82
Volunteers
2433

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
9
$1,015,830
Total Directors
15
$218,094
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
H T LANDWERMEYER PRESIDENT/CEO BG, USA (RET) 40.00
Officer Director
$209,466 $8,628 $218,094
RICHARD A CODY GEN USA RET CHAIRMAN/DIRECTOR 1.00
Officer Director
$0 $0 $0
MICHELLE F YARBOROUGH COLUSA DIRECTOR/TREASURER 1.00
Officer Director
$0 $0 $0
ADAM KISIELEWSKI SGT USMCRET DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW F ANDRESEN DIRECTOR 1.00
Director
$0 $0 $0
HON PATRICK J MURPHY DIRECTOR 1.00
Director
$0 $0 $0
JERRY MORGAN DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY P MCHALE MG USA RET DIRECTOR 1.00
Director
$0 $0 $0
DAN FOUGERE DIRECTOR 1.00
Director
$0 $0 $0
MARVIN L HILL CSM USA RET DIRECTOR 1.00
Director
$0 $0 $0
JOHN F CAMPBELL GEN USA RET DIRECTOR 1.00
Director
$0 $0 $0
CAMERON WEST CAPT USMC RET DIRECTOR 1.00
Director
$0 $0 $0
JOHN R ALLEN GEN USMC RET DIRECTOR 1.00
Director
$0 $0 $0
KENNETH O PRESTON SMA RET DIRECTOR 1.00
Director
$0 $0 $0
DIANE HENDRICKS DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM D IVEY EXECUTIVE DIRECTOR 40.00
Officer
$155,446 $5,431 $160,877
CYNTHIA R BAPTISTE CHIEF FINANCIAL OFFICER 40.00
Officer
$162,269 $24,206 $186,475
WILLIAM SEYMOUR THRU 032025 DIRECTOR OF CONSTRUCTION OPERATIONS 40.00
Officer
$139,750 $25,309 $165,059
CHRISTOPHER MITCHELL DIRECTOR OF DEVELOPMENT 40.00
Officer
$132,124 $24,209 $156,333
FREDERICK H GREIN JR SECRETARY (NON-VOTING) 1.00
Officer
$0 $0 $0
KATELYN DONOVAN DIRECTOR OF CONSTRUCTION OPERATIONS 40.00
Officer
$115,430 $13,562 $128,992
KATHLEEN DEVITO DIRECTOR OF MARKETING 40.00
Highest
$130,612 $34,814 $165,426
RENEE GUGLIOTTA DEPUTY DIRECTOR OF MARKETING 40.00
Highest
$124,199 $3,768 $127,967
JAYE OLMSTEAD DEPUTY DIRECTOR OF DEVELOPMENT 40.00
Highest
$100,881 $13,161 $114,042
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
2025 $45,975,011 $46,000,275 $25,642,691 $-25,264
2024 $44,594,192 $49,920,937 $24,205,410 $-5,326,745
2023 $38,509,973 $38,386,481 $32,262,798 $123,492
2022 $35,704,270 $32,677,987 $32,216,870 $3,026,283
2021 $30,920,387 $28,429,244 $31,337,246 $2,491,143
2020 $27,391,343 $30,323,044 $24,906,629 $-2,931,701
2019 $26,197,504 $27,934,447 $28,094,668 $-1,736,943
2018 $29,430,045 $27,498,075 $25,875,135 $1,931,970
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