Purple Heart Homes Inc Golden Corner Chapter

What it reported doing in 2021

The housing needs of approved veterans which the chapter assists are often times urgent. The chapter's ability to address these needs in a timely and effective manner depends heavily on the financial and material contributions of individual donors, foundations, and businesses. When the urgent housing needs are met, the veterans' quality of life improves as they are able to live in a safe and accessible home. Operation veteran home renovation campaign proceeded with its sixth year in 2021. Purple heart homes, inc. Golden corner chapter's mission was able to reach even more veterans across the state with coordinated efforts from community partners. The campaign spread awareness and solutions to veterans in regions untouched by the chapter in the past. The chapters four largest projects started and completed in 2021: 1. Maceon "buddy" donaldson: a retired army first sergeant who fought in korea and twice in vietnam. He suffers from age-related disabilities with poor hearing, poor eyesight, some mental issues and general weakness with a risk of falling. Among the work accomplished was installing a new roof, repairing gutters, replacing a water heater and sump pump, reinforcing the house foundation, plumbing repairs in the kitchen and bathroom, installing a french drain to prevent basement flooding, and repairing the home's sewer exit piping. 2. Vanessa terry: a former air force veteran who has chronic severe knee and shoulder inflammation, with difficulty walking at times. Ms. Terry's hvac was broken beyond repair and was replaced. The front door was also replaced and plumbing repairs were made to the kitchen sink and bathroom shower. 3. Jessie moore: a former marine who was disabled from complications of brain surgery and is totally paralyzed. Repairs were made to flooring, the doorways to the bathroom and bedroom were widened and a sliding door installed. The house had a severe moisture problem so the crawl space was cleaned and completely sealed to resolve the issue. 4. Edgar burgess: a former army veteran of the korean war who suffered from a variety of chronic conditions including high blood pressure, uncontrolled sodium levels, heart issues with a pacemaker, and diabetes. He has difficulty walking and uses a walker. Both bathrooms in the home were damaged and one was completely repaired, to include a new shower, vanity and flooring. Flooring in the kitchen and a bedroom were also repaired. Lastly, a new exit and a ramp were built to allow safe, easy access into and out of the home.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 97.2%; rating input score 97

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: -45.9%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: 21.2% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 10.4% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: -26.9% per year; rating input score 0; 6th percentile among comparable filings