Hospitality Homes Inc

“The Organization's endowment consists of an individual, donor-restricted endowment fund established to achieve the long-range goals of the Organization.”

“The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Contributions to the Organization are tax deductible under Section 170(c) of the Internal Revenue Code. In determining the recognition of uncertain tax positions, the Organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of December 31, 2024, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization is not currently under examination by any taxing jurisdiction. The Organization's federal and state tax returns are generally open for examination for three years following the date filed”

“Fundraising event expenses 96,223. Gaming expenses 3,645.”

“Fundraising event expenses 96,223. Gaming expenses 3,645.”

“The Organization records donated goods, accommodations, and other items which pass through the Organization's programs at their estimated fair value at the date of donation. Accordingly, donated goods and accommodations of $3,292,791 and $2,964,209 for the years ended December 31, 2024 and 2023, respectively, have been recorded as both revenue and expense in the accompanying statements of activities and changes in net assets. Donations of such type primarily fall into three categories, as further described below. Donated accommodations at hosts' homes with an estimated value of $1,505,602 and $1,042,944 for the years ended December 31, 2024 and 2023, respectively, have been included in the donated goods and accommodations amount presented above. The value of these accommodations is based on 5,002 estimated equivalent hotel room nights in 2024 at a rate of $301 per night (3,584 in 2023 at a rate of $291). In addition to host home accommodations, the Organization has also been provided with the use of various apartment units, donated by landlords who might otherwise rent such units under long-term leases. The donated apartments are furnished and made available by the organization for short-term stays. Such donations have been included in the donated goods and accommodations category in the amount of $1,199,786 and $1,151,778 for the years ended December 31, 2024 and 2023, respectively. The Organization also relies upon relationships with local hotels and short-term furnished apartment providers to procure needed housing for families seeking accommodations. As a result of its strong relationships with such organizations, the Organization was able to procure accommodations at a significant discount to what would ordinarily be paid, a discount that the Organization believes to be exclusive to its housing program. This discount is treated as a donation to the Organization's housing program by the organization providing the discount. Included in donated goods and accommodations for 2024 is an amount of $530,142 representing 3,558 nights provided at a discount of approximately $149 per night (which is the result of an average per night value of $301 less an average price paid by the Organization of approximately $152). Included in donated goods and accommodations for 2023 is an amount of $702,072 representing 4,776 nights provided at a discount of approximately $147 per night (which is the result of an average per night value of $291 less an average price paid by the Organization of approximately $144). In determining the recognition of uncertain tax positions, the Organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of December 31, 2024, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization is not currently under examination by any taxing jurisdiction. The Organization's federal and state tax returns are generally open for examination for three years following the date filed.”