Homes for Our Troops Inc.

“FORM 990, PART III, LINE 1 HFOT BUILDS THESE HOMES WHERE THE VETERAN CHOOSES TO LIVE AND THEN CONTINUES TO SUPPORT THESE VETERANS AFTER HOME DELIVERY TO ASSIST THEM IN REBUILDING THEIR LIVES. AS OF THE END OF FISCAL YEAR 2019, HOMES FOR OUR TROOPS HAS BUILT 284 NEW HOMES IN 42 STATES, AND HAS 82 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 FAMILIES TO RESTORE SOME OF THEIR FREEDOM AND INDEPENDENCE. AS PART OF OUR CONTINUING SUPPORT, HFOT PROVIDES EACH VETERAN WITH A PRO-BONO FINANCIAL PLANNER FOR A THREE-YEAR PERIOD TO ASSIST IN ESTABLISHING AND MAINTAINING FINANCIAL SECURITY AND SETTING HIM/HER UP FOR SUCCESS AS A HOMEOWNER. PROGRAM SERVICES CONTINUED FORM 990, PART III, LINE 4A DURING THE FISCAL YEAR ENDED 09/30/2019, HOMES FOR OUR TROOPS, INC COMPLETED 18 NEW HOMES ACROSS THE COUNTRY, PURCHASED 21 LOTS FOR FUTURE BUILDS, AND BROUGHT 15 NEW VETERANS INTO THE PROGRAM. HOMES FOR OUR TROOPS, INC ENDED THE FISCAL YEAR WITH A TOTAL OF 284 HOMES BUILT IN 42 STATES AND 82 PROJECTS UNDERWAY. IN ADDITION TO BUILDING HOMES, HOMES FOR OUR TROOPS, INC EXPANDED ITS SUPPORT TO VETERANS who are REBUILDING THEIR LIVES, INCLUDING RETROFITTING HOMES WITH FULL HOME GENERATORS AND CONTINUING TO ASSIST VETERANS WITH CHALLENGES THEY ENCOUNTER BY EXPANDING ITS NETWORK OF NON-PROFITS AND OTHER ENTITIES TO PROVIDE ASSISTANCE. AS PART OF OUR CONTINUING SUPPORT, HFOT PROVIDES EACH VETERAN WITH A PRO-BONO FINANCIAL PLANNER FOR A THREE-YEAR PERIOD TO ASSIST IN ESTABLISHING AND MAINTAINING FINANCIAL SECURITY AND SETTING HIM/HER UP FOR SUCCESS AS A HOMEOWNER. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH INTERNAL MANAGEMENT. 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 BOARD OF DIRECTORS.”

“Form 990, part vi, section b, line 12c this policy is part of the organization's by laws and it covers all employees, officers, and directors. Potential conflicts of interest are reviewed at the board level. Monitoring is conducted primarily by the director of finance in his/her 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. If a conflict exists, the governing body will work with the involved individual to ascertain all relevant facts concerning the conflict. If applicable, the conflicted individual will excuse himself or herself from voting on such matters.”

“FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, and other officers is DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS BASED ON DATA OBTAINED FROM VARIOUS SOURCES, INCLUDING FORMS 990 OF COMPARABLE ORGANIZATIONS AND NON-PROFIT SALARY AND BENEFIT STUDIES AVAILABLE FROM INDUSTRY SOURCES. BOTH WERE REVIEWED IN FY18 FOR FY19 SALARIES. THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE OVERALL COMPENSATION RECOMMENDATION FOR THE NEXT FISCAL YEAR PRIOR TO ITS INCLUSION IN THE BUDGET WHICH IS APPROVED BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS.”

“FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON ITS 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. FORM 990, PART IX, LINE 2 HFOT TRANSFERS HOME DEEDS DIRECTLY TO VETERANS AS PART OF ITS MISSION. ALTHOUGH THE VETERAN PAYS NO MORTGAGE, HFOT PLACES A 10 YEAR LIEN ON THE HOME. THIS PROTECTS THE VETERAN FROM LOSING THE HOME DUE TO FORECLOSURE AND SAFEGUARDS OUR DONORS' INVESTMENTS IN THE PROGRAM; IT ALSO PROVIDES A PERIOD OF TIME FOR THE FAMILY TO BECOME MORE FINANCIALLY STABLE. BEGINNING IN YEAR SIX, THE VETERAN ACCRUES 20 PERCENT EQUITY PER YEAR UNTIL HE/SHE HAS FULL EQUITY AFTER 10 YEARS IN THE HOME. OF THE 284 VETERANS FOR WHOM WE HAVE BUILT HOMES, ONLY four HAVE MOVED OUT BEFORE THE END OF THEIR LIEN PERIOD. THIS IS REFLECTIVE OF OUR THOROUGH SELECTION PROCESS, AND FOLLOW UP ONCE THE VETERANS ARE IN THEIR HOME. FOR FY18, THE COST OF THE HOMES TRANSFERRED TO VETERANS IS REFLECTED AS "OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS" IN PART IX, LINE 2. HOMES FOR OUR TROOPS, INC. DOES NOT PROVIDE CASH GRANTS TO VETERANS.”