Homes for Our Troops Inc.

“The form 990 is initially reviewed by the organization's senior management and the finance committee of the board of directors. After changes, if any, are made, the form 990 is then distributed to the entire board of directors for review prior to being filed. The form 990 is filed once it is approved by the entire board.”

“This policy is part of the organization's by laws and it covers all employees, officers and directors. Conflicts of interest are reviewed at the board level. Monitoring is done primarily by the director of finance in his capacity of reviewing all expenditures and contractual agreements of the organization. Executives of the organization also watch for conflicts arising in the normal course of business, and eliminate them or bring them to the attention of the board. Annually board directors review their situation and sign an acknowledgement of no conflicts of interest.”

“Compensation of the ceo and executive director are determined by the board of directors on an annual basis based on data obtained from various sources, including form 990s of comparable organizations and non-profit salary and benefit studies available from industry sources. Both were reviewed in fy14 for fy15 salaries.”

“The organization's financial statements are posted on our website and are also available via postal mail or e-mail upon request. The organization does not make its governing documents or conflict of interest policy public.”

“Due to the reporting requirements of form 990, part vii, section a lists two persons as current or former executive directors. Ms. Teixeira was executive director in october 2013. Mr. Ivey became executive director in january 2014. Per the requirements of form 990, the compensation information for ms. Teixeira on part vii (d) is for fiscal year 2014. In october 2013, the organization entered into a severance agreement with ms. Teixeira. The terms of the agreement required the organization to pay up to a certain salary plus certain benefits. The total amount paid under the agreement through april, 2014 was approximately $59,196.”

“Homes for our troops builds specially adapted, mortgage free homes for the most severely injured veterans from iraq and afghanistan. We build these homes across the nation where the veteran chooses to live. We then continue our support of the veterans after home delivery to assist them in rebuilding their lives. To date, homes for our troops has built 168 new homes in 39 states, and has over 50 projects under construction or in the land acquisition phase. Each hfot home is designed to provide barrier-free living for our injured veterans and their family to restore some of their freedom and independence. Hfot provides each veteran with a pro-bono financial planner for a three year period to assist them in maintaining financial security.”

“The board of directors for homes for our troops decided the home award program (hap) was diverting effort from the primary mission outlined in the organization's charter, and the program was dropped in the second quarter fy14 after the awarding of the initial 24 homes to veterans and gold star spouses and children.”

“ROUNDING 2.”

“The methods of determining noncash contributions of home construction labor and materials are through invoices and the marshall and swift residential cost handbook.”