philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Hero Homes INC FY2023 filing

Tax-deductible

Purcellville, VA501(c)(3)Human ServicesEIN 47-4332276Revenue $107K in FY2023

On file with the IRSherohomesloudoun.org125 Hirst Rd Ste 3c, 20132-6000 · Purcellville, VATax-exempt since Oct 2015Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Building houses, jobs, and community for those who have fought for the preservation of freedom and democracy for others. Herohomes is a 501(c)3 not for profit foundation established to build houses for those who have fought for the preservation of freedom and democracy for others. These deserving vets and their families cannot regain what they lost defending our country, but we can give them a new start in building a solid foundation for their future and the dignity of an independent life in a wonderful small town community setting. We provide the opportunity for disabled veterans to rejoin society with the security and pride of home ownership. Fundraising began in 2015 to fund the purchase of land and construction on the first home for a disabled veteran was started in 2016. One home was donated to a disabled veteran in 2017, one in 2018 and another in 2019.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $39K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
103 mo
of spending, in cash
Looks good: 102.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
-87% vs prior year
Spent
$37K
To programs
77%
Net assets
$558K
By yearFY2020–FY2024
Revenue
$107K
FY2023▼ -87%
Tap a bar for its year
Revenue by fiscal year
FY2020$118K
FY2021$428K
FY2022$831K
FY2023$107K
FY2024$187K
Expenses
$37K
FY2023▼ -97%
Tap a bar for its year
Expenses by fiscal year
FY2020$9K
FY2021$224K
FY2022$1.2M
FY2023$37K
FY2024$23K
Net assets
$558K
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$636K
FY2021$840K
FY2022$487K
FY2023$558K
FY2024$722K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $28K Management & general 23% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mike Hummel
Treasurer
$0Pt VII · Sec A
Bryan Snow
Director
$0Pt VII · Sec A
Kim Trombly
Director
$0Pt VII · Sec A
Kim Valentine
Secretary
$0Pt VII · Sec A
See Hero Homes INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds homes and jobs for veterans to provide a new start and dignity.

Questions for Hero Homes INC

Tap to ask. Hero Homes INC sees how many people are interested.

Your first name shows with your question. Hero Homes INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $28K · in their own filed words · FY2023
01

Home Award Program

In 2023 herohomes, inc continued the planning and construction on building lot for home number 6.

$28Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Soldiers and Sailors Memorial and Community Endowment IncorporatedFY2024$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $16K · 2021–2021
Unitemized GrantFY2021$15,913

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$107K
Ln 12
Gifts and grantsLn 1h$70K
Other incomeLn 4–11$35K
Investment incomeLn 3$2K
Money outPt IX
$37K
Ln 25
Programscol B$28K
Managementcol C$8K
Owns and owesPt X
$558K
net assets · Ln 32
Cash and savingsLn 1–2$313K
Total assetsLn 16$558K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Noncash giftsLn 1g$2K
Investment incomeLn 3$2K
Other incomeLn 4–11$35K
Gains on assetsLn 7$2K
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$313K
Cash and savings togetherLn 1–2$313K
InvestmentsLn 11–13$5K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$237K
Total assetsLn 16$558K
LiabilitiesLn 26$0
Net assetsLn 32$558K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$246K$313K
InvestmentsLn 11–13$5K$5K
Land, buildings, equipmentLn 10c$2K$0
Total assetsLn 16$487K$558K
LiabilitiesLn 26$0$0
Net assetsLn 32$487K$558K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$386$386
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$763$430$333
InsuranceLn 23$874$698$176
Other expenses (24a–d)Ln 24$28K$25K$3K
All other expensesLn 24e$186$186
Total functional expensesLn 25$37K$28K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $187K$23K$164K$722K 990 PDF
FY2023 Viewing $107K$37K$71K$558K 990 PDF
FY2022 $831K$1.2M−$353K$487K 990 PDF
FY2021 $428K$224K$204K$840K 990 PDF
FY2020 $118K$9K$109K$636K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $107,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $738,930$70,145
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$1,648
I-11 Other revenuePrior year $92,558$35,451
I-12 Total revenuePrior year $831,488$107,244
I-13 Grants and similar amounts paidPrior year $0$2,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,184,077$34,567
I-18 Total expensesPrior year $1,184,077$36,567
I-19 Revenue less expensesPrior year −$352,589$70,677
Part VI · Governance 0 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $107,244 across 7 lines filed
VIII-1f All other contributions, gifts and grants$70,145
VIII-1g Noncash contributions (included above)$2,500
VIII-1h Total contributions, gifts and grants$70,145
VIII-3 Investment incomeExcluded from tax $23$23
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,625$1,625
VIII-8 Net income from fundraising eventsExcluded from tax $35,451$35,451
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $37,099$107,244
Part IX · Statement of functional expenses $36,567 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-11c Accounting feesManagement $2,500$2,500
IX-12 Advertising and promotionManagement $386$386
IX-13 Office expensesManagement $2,015$2,015
IX-22 Depreciation, depletion and amortizationPrograms $430 · Management $333$763
IX-23 InsurancePrograms $698 · Management $176$874
IX-24 Other expenses (24a–d)Programs $24,952 · Management $2,891$27,843
IX-24e All other expensesManagement $186$186
IX-25 Total functional expensesPrograms $28,080 · Management $8,487 · Fundraising $0$36,567
Part X · Balance sheet $558,126 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $245,820$313,448
X-10c Land, buildings and equipment, netStart of year $1,779$0
X-12 Other securitiesStart of year $4,800$4,852
X-14 Intangible assetsStart of year $2,809$2,475
X-15 Other assetsStart of year $232,251$237,351
X-16 Total assetsStart of year $487,459$558,126
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $487,459$558,126
X-33 Total liabilities and net assetsStart of year $487,459$558,126
Part XI · Reconciliation of net assets $558,126 net assets at year end
XI-1 Total revenue$107,244
XI-2 Total expenses$36,567
XI-3 Revenue less expenses$70,677
XI-4 Net assets at start of year$487,459
XI-8 Prior period adjustments−$10
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$558,126

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.