Homes For Our Troops

Legal name: Homes for Our Troops Inc

Nonprofit profile at a glance

EIN
542143612
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Taunton, MA, USA
Phone
508-823-3300
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Official website

Reported finances

Revenue
$45,975,011
Expenses
$46,000,275
Assets
$25,642,691
Liabilities
$8,885,165

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • H T LANDWERMEYER (PRESIDENT/CEO BG, USA (RET))
  • WILLIAM D IVEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • H T LANDWERMEYER (PRESIDENT/CEO BG, USA (RET)): $218,094 total reported compensation
  • CYNTHIA R BAPTISTE (CHIEF FINANCIAL OFFICER): $186,475 total reported compensation
  • KATHLEEN DEVITO (DIRECTOR OF MARKETING): $165,426 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To build and donate specially adapted custom homes nationwide for severely injured post-9/11 Veterans, to enable them to rebuild their lives.

What it reported doing in 2024

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 09/30/2025, homes for our troops, inc. Transferred 23 new homes across the country, purchased 26 lots for future builds, and brought 24 new veterans into the program. Homes for our troops, inc. Ended the fiscal year with a total of 423 homes transferred in 45 states and 68 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.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 68% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 87
  • Accountability: 96
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: $14.55 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.1%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 7.7% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 13th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 87.8% of revenue deployed · 87.6% of spending went to programs
  • Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $40.3M in reported program spending
  • Leadership: top reported pay $218K · 24 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.