Homes For Our Troops should be held up as the gold standard in how to help veterans: they provide a much needed product (build and donate custom homes outfitted for disabilities) and a service (a pro-bono financial planner for three years to assist in financial planning and household budgeting, along with homeownership education and warranty coverage to ensure that the Veteran is set up for long-term success as a homeowner).
Homes For Our Troops does this while spending more than 80% of revenue on the actual homes. Also notable is low executive compensation: the four (4) top executives are compensated $140,000-$175,000. There are no first class or business travel expenses, companion travel expenses, health or social club dues or initiation fees, discretionary spending accounts, or gross up payments/tax indemnifications. In the non-profit world, this is truly commendable. Read more
Home For Our Troops (HFOT) is a non-profit tax-exempt 501 (c) (3) whose mission is to build specially adapted custom homes for severely injured post-9/11 veterans to help restore freedom and independence that was sacrificed defending our country.
To do this, HFOT raises funds, buys land, and builds homes but maintains a lien on the home for 10 years (to protect the veteran from losing the home to foreclosure/bankruptcy and to protect donors who made the home possible). Beginning in year 6, the veteran accrues 20% equity per year until they obtain full ownership in year 10. Since HFOT was established in 2004, 266 homes have been built (and only two veterans moved out before the end of their lien period). Read more