Housing & Shelter
(L990)
IRS Verified
DX Registered
990 on File
BUILDING HOMES FOR HEROES INC
Financial strength (30%)
62/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Building Homes for Heroes is determined and devoted to bringing renewed hope to our nation’s injured veterans, first responders and their families. The organization builds or modifies homes, and gifts them, mortgage-free, to injured veterans, first responders and their families, while providing support services to enable them to build better and brighter lives and reach new heights. It’s truly an honor to serve the men and women who have courageously served and sacrificed for our country.
Financial Overview — FY 2024
$20.1M
Total Revenue
$15.9M
Total Expenses
$20.2M
Net Assets
18
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
95.9%
Fundraising Efficiency
115.1%
Operating Reserve
15.28x
Liability-to-Asset
3.1%
Revenue Diversification
97.7%
Executive Compensation
$300K
Compared with Peers
FY 2024
Compared with 456 similar organizations
(United States, Housing & Shelter, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
95.9% | 87.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
1.6% | 10.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
115.1% | 546.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
15.3 mo | 6.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.1% | 61.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.7% | 91.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
45.7% | 9.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.3% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
21.1% | 0.4% |
P10P90
|
Impact
3 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved education, higher income, lower stress | 5 | $3,000.00 | — | Lifetime |
| Mortgage free home for life, independent civilian life, improved health | 40 | $300,000.00 | — | Lifetime |
| Improved Mental Health, Improved Physical Wellbeing | 4,000 | $1,000.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $20.1M | $15.9M | $20.2M | 95.9% | 18 |
| 2023 | $13.8M | $12.5M | $15.9M | 95.5% | 15 |
| 2022 | $10.7M | $11.3M | $14.4M | 95.5% | 17 |
| 2021 | $13.7M | $12.2M | N/A | — | 17 |
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