Largest Programs
Purple Heart Homes reported its largest program on its FY 2020 Form 990 as:
$2,048,478
Spent in most recent FY
100%
Percent of program expenses
PROGRAM SERVICE MISSIONS: 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 TIMEL ... (More)
PROGRAM SERVICE MISSIONS: 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 CONTRIBUTONS OF INDIVIDUAL DONORS, FOUNDATIONS, AND BUSINESSES. WHEN THE URGENT HOUSING NEEDS OF APPROVED VETERANS ARE MET, THE VETERANS' QUALITY OF LIFE IMPROVES AS THEY ARE ABLE TO LIVE IN A SAFE AND ACCESSIBLE HOME. FIRST MISSION (VETERAN HOUSING): 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 FIFTH YEAR IN 2020. THE PURPLE HEART HOMES, INC'S MISSION WAS ABLE TO REACH EVEN MORE VETERANS ACROSS THE NATION WITH COORDINATED EFFORTS WITH COMMUNITY PARTNERS. THE OVHR CAMPAIGN SPREAD AWARENESS AND SOLUTIONS TO VETERANS IN REGIONS THAT WERE UNTOUCHED BY PURPLE HEART HOMES, INC. IN THE PAST. AS OF 1/1/2020, PURPLE HEART HOMES, INC. DISCONTINUED OPERATION VETERAN HOME RENOVATION AS A NAMED PROGRAM. THE PARTNERSHIP WITH THE NATIONAL LEAGUE OF CITIES WILL CONTINUE, BUT PROJECTS FORMERLY IN THIS SPACE WILL FALL UNDER THE VETERAN AGING IN PLACE PROGRAM (VAIP). THE PURPLE HEART HOMES,INC. VETERANS HOME OWNERSHIP PROGRAM (VHOP) PLACED 2 FINANCIALLY QUALIFIED VETERANS IN 2 SEPERATE HOUSES IN 2020. THE HOMES SOLD THROUGH VHOP HAVE BEEN SOLD WITH OWNER OCCUPIED DEED RESTRICTIONS IN AN EFFORT TO ENFORCE THAT THE HOME IS VETERAN OCCUPIED. A "SOFT" SECOND NON- PAYMENT BEARING MORTGAGE IS PLACED ON THE HOMES. THE "SOFT" SECOND MORTGAGE IS SET TO DEMINISH IN EQUAL INCREMENTS OVER A 5-YEAR PERIOD, WHICH PRESERVES THE MISSION OF THE PROGRAM BY PREVENTING A WINDFALL SALE, REFINANCING, OR A FORECLOSURE, AS PURPLE HEART HOMES, INC. IS LISTED AS THE MORTGAGE HOLDER OF RECORD. HOME OWNERS THAT COMPLETE A 5-YEAR PERIOD OF MAKING ALL 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 ARE RECORDED AT THE HOME'S ESTIMATED FAIR MARKET VALUE AS A CONTRIBUTION AND AS AN ASSET. THE 2020 TOTAL FOR REAL ESTATE GIFTS-IN-KIND IS 979,152, ESTIMATED AT FAIR VALUE AT THE TIME OF THE DONATION. THAT AMOUNT HAS BEEN INCLUDED IN THE AMOUNT REPORTED ON PART VIII, LINE 1F. DURING THE COVID-19 PANDEMIC, A TEMPORARY EVICTION MORATORIUM WAS ISSUED RESULTING IN A DECREASE IN FORECLOSURES DURING 2020. AS A RESULT, THERE WAS A SIGNIFICANT DECREASE IN DONATED HOMES. VHOP SOLD 21 PROPERTIES TO INVESTORS IN 2020. SOME DONATED PROPERTIES ARE SOLD TO NON-VETERAN OWNER OCCUPANTS AND INVESTORS AFTER PURPLE HEART HOMES, INC. HAS NOT BEEN ABLE TO PLACE A VETERAN IN THESE PROPERTIES. THESE SALES ARE REFLECTED ON PART VIII, LINE 10A, AND RESULTED IN 800,300 IN GROSS SALES. THE AMOUNT ON PART VIII, LINE 10C OF (409,764) 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, INC. 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 2020 PURPLE HEART HOMES, INC. COMPLETED 165 PROJECTS IN 30 STATES. THIS ENCOMPASSES 117 PROJECTS COMPLETED FROM THE HOME OFFICE LOCATION IN STATESVILLE, NC AND 48 PROJECTS COMPLETED BY OUR 14 CHAPTERS IN THEIR REPRESENTATIVE 10 STATES. IN 2020 PURPLE HEART HOMES, INC. BEGAN BUILDING TINY HOMES FOR VETERANS UNDER IT'S VHOP PROGRAM. THE ORGANIZATION PLACED 2 DESERVING VETERANS IN 2 TINY HOMES IN 2020. THE FIRST TINY HOME WAS PROVIDED TO A FEMALE VETERAN IN UPSTATE SOUTH CAROLINA WHO HAD BEEN LIVING IN A STORAGE SHED FOR 2 YEARS WITH NO INTERNAL PLUMBING OR OTHER BASIC NEEDS. THE SECOND TINY HOME WAS PROVIDED TO A VETERAN THAT LOST HIS HOME AND ALL POSSESSIONS DUE TO A TORNADO. THE ORGANIZATION PLANS TO EXPAND THIS PROGRAM IN 2021 AND ASSIST APPROXIMATELY 7 VETERANS WITH A TINY HOME SOLUTION. PURPLE HEART HOMES' RAMPS ON CALL PROGRAM (ROC) EXISTS TO PROVIDE FREEDOM FOR VETERANS LIVING WITH LIMITED MOBILITY INSIDE THEIR OWN HOMES, INCLUDING VETERANS RECENTLY DISCHARGED FROM A HOSPITAL, REHABILITATION FACILITY, OR NURSING HOME. RAMPS CAN BE INSTALLED IN THE LEAST AMOUNT OF TIME DEPENDING ON THE VETERAN'S LOCATION. AS OF 1/1/2020, PURPLE HEART HOMES, INC. DISCONTINUED RAMPS ON CALL (ROC) AS A NAMED PROGRAM. PROJECTS FORMERLY IN THIS SPACE WILL FALL UNDER THE VETERAN AGING IN PLACE PROGRAM (VAIP). NEW IN 2020 IS THE PURPLE HEART HOMES, INC. RENTAL PROGRAM. PURPLE HEART HOMES, INC. DEVELOPED A RENTAL PROGRAM FOR THOSE VETERANS WHO MIGHT BE IN A TRANSITIONAL PHASE IN LIFE OR COMING OUT OF A CONGREGATIVE LIVING ENVIRONMENT AND NOT QUITE READY FOR HOME OWNERSHIP BUT WHO ARE READY FOR INDEPENDENT LIVING. THE ORGANIZATION COMPLETED THE CONTRUCTION OF 4 RENTAL HOMES IN 2020 AND HAVE HAD 3 RENTERS MAKE USE OF THESE PROPERTIES AND THIS PROGRAM. REVENUE FOR THIS PROGRAM WAS 10,904 IN 2020 AND IS REFLECTED ON PART VIII LINE 2B. THE RENTAL PROGRAM WILL PROVIDE A RECURRING REVENUE STREAM TO PURPLE HEART HOMES, INC. THAT WILL ALLOW THIS PROGRAM TO BE SELF-SUSTAINING AND ALLOW PURPLE HEART HOMES, INC. TO SERVE MORE VETERANS. 2020 WAS THE MOST IMPACTFUL YEAR TO DATE FOR PURPLE HEART HOMES, INC. WITH RESPECT TO THE NUMBER OF PROJECTS COMPLETED FOR VETERANS AND THE DIFFERENT WAYS SOLUTIONS WERE PROVIDED. PURPLE HEART HOMES, INC. WAS ABLE TO CONTINUE WORKING THROUGH THE COVID-19 PANDEMIC AND CONTINUE TO LEVERAGE THEIR NATIONAL AND LOCAL PARTNERS AND ACHIEVE THESE LISTED RESULTS. MOVING INTO 2021 THE ORGANIZATION WILL CONTINUE TO DEVELOP NATIONAL PARTNERSHIPS, SECURE NEW GRANT FUNDING, AND FIND NEW AND INNOVATIVE WAYS TO MEET THE HOUSING NEEDS OF OUR SERVICE-CONNECTED DISABLED VETERANS. SECOND MISSION (VOLUNTEERS & OUTREACH): PURPLE HEART HOMES, INC. IS ALWAYS LOOKING TO ENGAGE STUDENTS AND VOLUNTEERS OF ALL AGES. IN 2020, PURPLE HEART HOMES, INC. HAD SIGNIFICANTLY LESS VOLUNTEER ENGAGEMENT THAN PREVIOUS YEARS DUE TO THE COVID-19 PANDEMIC AND THE IN-PERSON GATHERING RESTRICTIONS THAT WERE IN PLACE. THIS IMPACTED THE ENTIRE PURPLE HEART HOMES ORGANIZATION INCLUDING ITS CHAPTERS. THERE WERE HOWEVER OPPORTUNITIES TO INCREASE GENERAL AWARENESS AND VOLUNTEER ACTIVITIES VIA SOCIAL AND DIGITAL MEDIA. PURPLE HEART HOMES, INC. REACHED APPROXIMATELY 3.7 MILLION PEOPLE DIGITALLY THROUGH WEBSITE ACTIVITY AND SOCIAL MEDIA ACCOUNTS. PURPLE HEART HOMES, INC.'S HEADQUARTERS HAD A TOTAL OF 25 VOLUNTEERS IN 2020 GIVING 120 HOURS OF THEIR TIME. THIRD MISSION (CHAPTER PRESCENCE): DURING 2020 PURPLE HEART HOMES, INC. SHIFTED AWAY FROM A STAND-ALONE EIN MODEL FOR ITS CHAPTERS AND ABSORBED ALL BUT ONE CHAPTER INTO PURPLE HEART HOMES, INC. PURPLE HEART HOMES WILL STILL HAVE A SIMILAR CHAPTER FOOTPRINT AS IN THE PRIOR YEAR HAVING 14 CHAPTERS IN 10 STATES: NC (2), SC (2), NY (2), CO, GA (2), OH, TN, FL, TX AND MI. PURPLE HEART HOMES, INC. STILL PLANS TO CREATE NEW CHAPTERS IN THE UNITED STATES, BUT THE CHAPTERS WILL HAVE FULL SUPPORT OF THE HEADQUARTERS MOVING FORWARD. THE ONLY STAND-ALONE CHAPTER GOING FORWARD WILL BE THE GOLDEN CORNER CHAPTER IN SC. ALL OF THE PURPLE HEART HOMES, INC. CHAPTERS COMBINED COMPLETED 48 HOME RENOVATION PROJECTS FOR DISABLED AND AGING VETERANS IN THEIR LOCAL AREAS. ADDITIONALLY, THE CHAPTERS CREATED OPPORTUNITIES FOR APPROXIMATELY 60 VOLUNTEERS TO WORK APPROXIMATELY 280 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. (Less)