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Homes For Veterans

CharityWatch report issued
July 2019

F
CharityWatch Grade
Our independent grade based
on a number of factors.
 
9%
Program Percentage
Amount spent on programs
relative to overhead.
 
$84
Cost to Raise $100
Amount spent to raise
$100 of contributions.
Ratings & Metrics

Contact Information

Homes For Veterans
105 Highland Avenue
Harrington Park , NJ 07640

Other Names

Homes For Veterans, a NJ Non Profit Corporation

Tax Status

501(c)3

Website

www.homesforveterans.us

Stated Mission

To construct handicap accessible homes for disabled veterans of war.

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Ratings & Metrics

Learn more about Ratings & Metrics
Data based on Fiscal Year Ended 12/31/2017

Program Percentage: 9%

The percentage of Homes For Veterans's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$1,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $84

How many dollars Homes For Veterans spends on fundraising to raise each $100 of contributions.

$1,100,000

Calculated Total Contributions

(rounded)

Joint Costs

Homes For Veterans' rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
51% $44
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Homes For Veterans, a NJ Non Profit Corporation IRS Form 990 45-2149057
Homes For Veterans, a NJ Non Profit Corporation Audited Financial Statements 45-2149057
Entity: Homes For Veterans, a NJ Non Profit Corporation
Document Type: IRS Form 990
Tax ID: 45-2149057
Entity: Homes For Veterans, a NJ Non Profit Corporation
Document Type: Audited Financial Statements
Tax ID: 45-2149057

Governance & Transparency

Learn more about Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Homes For Veterans
does not meet governance benchmarks.
 
Homes For Veterans
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Top Salaries

Learn more about Top Salaries

Unable to Provide Salaries

CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.

For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.

This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.

Analysts' Notes

Learn more about Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
In its 2017 tax filing, Homes For Veterans reports a total of three Officers and zero Individual Trustees or Directors. The reported Officer positions are: President, Vice President, and Secretary; all three Officers share the same last name of DiPaola (IRS Form 990, Part VII).

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