Purple Heart Homes Inc
Purple Heart Homes Inc
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About this organization
Mission
To honor those who served by providing housing solutions and employment opportunities to qualified Veterans.
About
FIRST ACCOMPLISHMENT:THE HOUSING NEEDS OF THE APPROVED VETERANS WHICH PURPLE HEART HOMES, INC. ASSISTS ARE OFTEN TIMES URGENT. PURPLE HEART HOMES, INC.'S ABILITY TO ADDRESS THESE NEEDS IN A TIMELY AND EFFECTIVE MANNER DEPENDS HEAVILY ON THE FINANCIAL AND MATERIAL CONTRIBUTIONS OF INDIVIDUAL DONORS, FOUNDATIONS, AND BUSINESSES. WHEN THE URGENT HOUSING NEEDS OF THE APPROVED VETERANS ARE MET, THE VETERANS' QUALITY OF LIFE IMPROVES AS THEY ARE ABLE TO LIVE IN A SAFE AND ACCESSIBLE HOME.SEE CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS AT SCHEDULE O.OPERATION VETERAN HOME RENOVATION (OVHR), A CAMPAIGN THAT WORKS IN TANDEM WITH THE NATIONAL LEAGUE OF CITIES (NLC) AND CREDIT UNIONS AROUND THE COUNTRY, PROCEEDED WITH ITS THIRD YEAR IN 2018. THE PURPLE HEART HOMES, INC. MISSION WAS ABLE TO REACH EVEN MORE VETERANS ACROSS THE NATION WITH COORDINATED EFFORTS FROM COMMUNITY PARTNERS. THE OVHR CAMPAIGN SPREAD AWARENESS AND SOLUTIONS TO VETERANS IN REGIONS THAT WERE UNTOUCHED BY PURPLE HEART HOMES, INC. IN THE PAST. BY THE END OF 2018, THE OVHR CAMPAIGN COMPLETED 16 PROJECTS IN 5 STATES (AZ, CA, GA, FL, OK). LOOKING FORWARD TO 2019, PURPLE HEART HOMES IN CONJUNCTION WITH ITS PROGRAM PARTNER, THE NLC, PLANS TO EXECUTE 25 PROJECTS UNDER THE OVHR PROGRAM.THE PURPLE HEART HOMES, INC. VETERANS HOMEOWNERSHIP PROGRAM (VHOP) PLACED 2 FINANCIALLY QUALIFIED VETERANS IN SEPARATE HOUSES IN 2018. THE HOMES SOLD THROUGH VHOP HAVE BEEN SOLD WITH OWNER OCCUPIED DEED RESTRICTIONS TO ENFORCE THAT THE HOME IS OWNER OCCUPIED. A "SOFT" SECOND NON-PAYMENT BEARING MORTGAGE IS PLACED ON THE HOMES. THE "SOFT" SECOND IS SET TO DIMINISH IN EQUAL INCREMENTS OVER A 5-YEAR PERIOD, WHICH PRESERVES THE MISSION OF THE PROGRAM BY PREVENTING WINDFALL SALE, REFINANCING, OR A FORECLOSURE AS PURPLE HEART HOMES, INC. IS LISTED AS THE MORTGAGE HOLDER OF RECORD. HOMEOWNERS THAT COMPLETE A 5-YEAR PERIOD OF MAKING ALL FIRST MORTGAGE PAYMENTS IN AGREEMENT WITH THE LENDER AND MAINTAIN OWNER OCCUPANCY HAVE THEIR "SOFT" SECOND MORTGAGE RELEASED AFTER 5 YEARS. THIS 5-YEAR PERIOD EXCEEDS THE "DURATION OF CONCERN" THAT THE AFFORDABLE HOUSING INDUSTRY HAS DETERMINED THE GREATEST RISK FOR NEW HOMEBUYERS.IN ORDER FOR VHOP TO WORK, PURPLE HEART HOMES, INC. RECEIVES HOMES AS A DONATION FROM MULTIPLE SOURCES. UPON RECEIPT, THESE GIFTS-IN-KIND WERE RECORDED AT THE HOME'S ESTIMATED FAIR MARKET VALUE AS A CONTRIBUTION AND AS AN ASSET. THE 2018 TOTAL FOR REAL ESTATE GIFTS-IN-KIND IS $1,199,050, ESTIMATED AT FAIR VALUE AT THE TIME OF DONATION. THAT AMOUNT HAS BEEN INCLUDED IN THE AMOUNT REPORTED ON PART VIII, LINE 1F. VHOP SOLD 5 HOUSES TO INVESTORS IN 2018. SOME DONATED PROPERTIES ARE SOLD TO NON-VETERAN OWNER OCCUPANTS AND INVESTORS AFTER PURPLE HEART HOMES, INC. HAS HELD THEM FOR A MINIMUM PERIOD AND HAS NOT BEEN ABLE TO PLACE A VETERAN IN THESE PROPERTIES. THESE SALES ARE REFLECTED ON PART VIII, LINE 7A, AND RESULTED IN $419,947. THE AMOUNT ON PART VIII, LINE 7C OF $(99,286) IS BASED ON THE SALES PRICE MINUS THE AMOUNT RECORDED AT THE TIME OF DONATION (FAIR MARKET VALUE).FOR SERVICE-CONNECTED DISABLED VETERANS WHO CURRENTLY OWN A HOME THAT NO LONGER MEETS THEIR PHYSICAL NEEDS, PURPLE HEART HOMES PARTNERS WITH LOCAL VOLUNTEERS IN THE COMMUNITY WITH THE INTENT OF RESTORING DIGNITY AND "QUALITY OF LIFE" BY CREATING A SAFE, BARRIER-FREE LIVING ENVIRONMENT. THIS SERVICE IS CALLED VETERANS AGING IN PLACE (VAIP). RENOVATIONS ARE PROVIDED AT NO COST TO THE VETERAN. IN 2018 PURPLE HEART HOMES COMPLETED 95 PROJECTS IN 20 STATES AND THE DISTRICT OF COLUMBIA. THIS ENCOMPASSES 53 PROJECTS COMPLETED FROM THE HOME OFFICE LOCATION IN STATESVILLE, NC AND 42 PROJECTS COMPLETED BY OUR 12 CHAPTERS IN THEIR REPRESENTATIVE 10 STATES.SECOND ACCOMPLISHMENT:PURPLE HEART HOMES, INC. IS ALWAYS LOOKING TO ENGAGE STUDENTS AND VOLUNTEERS OF ALL AGES. IN 2018, PURPLE HEART HOMES, INC. HAD OPPORTUNITIES TO INCREASE GENERAL AWARENESS AND VOLUNTEER ACTIVITIES VIA SOCIAL AND DIGITAL MEDIA, SPEAKING EVENTS, JROTC/ROTC PROGRAMS AND EVENTS, AND CELEBRATIONS. PURPLE HEART HOMES, INC. REACHED APPROXIMATELY 3.9 MILLION PEOPLE DIGITALLY THROUGH WEBSITE ACTIVITY AND SOCIAL MEDIA ACCOUNTS. PURPLE HEART HOMES PARTNERED WITH THE HOME DEPOT FOUNDATION, HOUSING ASSISTANCE COUNCIL, AND THE NATIONAL LEAGUE OF CITIES TO HOST THE 2ND ANNUAL VETERANS AGING SUMMIT IN INDIANAPOLIS, IN WITH JENNIE BELLER OF THE ELIZABETH DOLE FOUNDATION AS SPEAKER. ALSO IN 2018, IN PARTNERSHIP WITH THE THINK BROADER FOUNDATION AND WHEELHOUSE MEDIA, PURPLE HEART HOMES RELEASED ITS FIRST VIRTUAL REALITY EMPATHY EXPERIENCE TO SHOW DONORS THE CHALLENGES FACED BY DISABLED VETERANS. BY THE END OF 2018, APPROXIMATELY 1,200 VOLUNTEERS FROM CORPORATIONS, CHURCHES, SCHOOL CLUBS, AND A VARIETY OF OTHER ORGANIZATIONS CONTRIBUTED APPROXIMATELY 9,000 VOLUNTEER HOURS.THIRD ACCOMPLISHMENT:AN OVERALL GROWTH IN DONATIONS, VOLUNTEERS, AND EVENTS WAS EXPERIENCED, AND BY THE END OF 2018, PURPLE HEART HOMES, INC. HAD 12 OFFICIAL CHAPTERS IN 10 STATES: NC (2), SC (2), NY (2), CO, GA (2), OH, TN, AND MI. ALL OF THE PURPLE HEART HOMES, INC. CHAPTERS COMBINED COMPLETED 42 HOME RENOVATION PROJECTS FOR DISABLED AND AGING VETERANS IN THEIR LOCAL AREAS. ADDITIONALLY, THE CHAPTERS RAISED $365,631 AND CREATED OPPORTUNITIES FOR 400 VOLUNTEERS TO WORK APPROXIMATELY 4,100 HOURS ON HOME RENOVATION PROJECTS AND FUNDRAISING EVENTS. THE VISION OF PURPLE HEART HOMES, INC. CHAPTERS IS TO HAVE A CONSISTENT PURPLE HEART HOMES, INC. PRESENCE IN REGIONS THROUGHOUT THE UNITED STATES. AS MORE PURPLE HEART HOMES, INC. CHAPTERS ARE ESTABLISHED, THE REACH OF PURPLE HEART HOMES, INC.'S ASSISTANCE IS EXTENDED TO EVEN MORE DISABLED AND AGING VETERANS. THE TOTAL PURPLE HEART HOMES BRAND IMPACT IN 2018 RESULTED IN 42 HOMES RENOVATED OR SOLD TO VETERANS.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “Purple heart homes, inc is dedicated to providing housing for service- connected disabled veterans that is substantial in function, design, and quality to welcome home the fighting men and women of america.”.
When discussing its purpose, they were characterized as: “Purple heart homes, inc. is dedicated to providing housing for service-connected disabled veterans that is substantial in function, design, and quality, fit to welcome home the fighting men and women of america.”.
- The state in which the non-profit is legally authorized to operate is NC, as reported.
- The filing confirms that the non-profit's address in 2020 was 104 GALAX DRIVE, STATESVILLE, NC, 28677.
- The form of the non-profit reports 21 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $40,208.
- The organization has 10 independent voting members.
- The organization was formed in 2008.
- The organization pays $770,139 in salary, compensation, and benefits to its employees.
- The organization pays $344,339 in fundraising expenses.