Homes for Veterans a Nj Non Profit Corporation

What it reported doing in 2024

At homes for veterans, we provide barrier-free home renovations to veterans with disabilities, helping them regain independence and safety in their homes. Our services range from installing wheelchair-accessible bathrooms and ada-compliant kitchen adaptations to adding ramps, stair-lifts, elevators, and other necessary modificationseach tailored to the unique needs of the individuals and families we serve. Our services are accessible to veterans from all eras, regardless of the cause of their disability. This inclusive approach ensures that those who have fallen through the cracks of existing systems receive the assistance they need. By supporting these veterans, we not only improve their lives and help prevent suicides but also enhance the well-being of their families, creating a stronger, more inclusive community that fosters greater social and economic participation. We are passionate advocates for our nations heroes, ensuring their voices are heard and their needs addressed. At homes for veterans, we make it our mission to inform the public of the immense challenges that many veterans faceespecially those who fall through the cracks and are marginalized by the limitations of existing veteran services. Too often, veterans with disabilities, particularly those whose injuries are non-combat-related or who do not meet specific eligibility requirements, are left without the care they deserve. These veterans face a variety of physical, emotional, and systemic barriers that prevent them from accessing the support they need, and their stories are often overlooked or ignored. By advocating for these veterans and sharing their stories, we bring visibility to the unseen struggles that so many face. We engage with the public to raise awareness of these challenges, not just to highlight the barriers, but to inspire action. Informing the public about the hardships that these marginalized veterans endure helps to foster a greater sense of empathy, responsibility, and urgency within communities. It enables us to rally supporters, gain funding for projects, and ultimately create a society where all veteransregardless of their background or conditionare supported and honored. Our work doesnt stop at physical modifications; we are also committed to removing the metaphorical and systemic barriers that prevent veterans from accessing care and assistance. Through our efforts, we aim to ensure that every veteran has the opportunity to live a dignified, independent life, while also working to create a world where veterans' contributions are acknowledged and their needs are met.

Financial Efficiency

• Mission deployment rate: 71.6%; rating input score 72
• Program expense ratio: 74.6%; rating input score 75
• Fundraising efficiency: $4.74 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.4%; rating input score 49; 49th percentile among comparable filings
• Total-asset coverage ratio: 0.37; rating input score 18; 18th percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
• Officer compensation ratio: 7.6%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: -0.4% per year; rating input score 0; 16th percentile among comparable filings
• Revenue growth: 12.9% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 12.6% per year; rating input score 100; 67th percentile among comparable filings