HOMES FOR VETERANS A NJ NON PROFIT CORPORATION
Mission Statement
At Homes for Veterans, our mission is to honor the service and sacrifice of U.S. veterans by ensuring they have safe, accessible, and dignified places to call home. We provide no-cost home modifications for disabled and aging veterans across the country, focusing especially on those who are unable to obtain adequate government support. Many of the veterans we serve have fallen through the cracks of traditional systems. We believe no hero should struggle to enter their own home, climb stairs, or use a bathroom safely. That’s why we customize each project to meet the individual needs of the veteran and their family. Our modifications include: -Wheelchair ramps and lifts -Barrier-free bathrooms (roll-in showers, grab bars, accessible sinks and toilets) -Widened doorways and hallways -Accessible kitchens -Exterior and interior stair modifications -Leveling of dangerous walkways and entries Founded in 2011, Homes for Veterans was inspired by the heart and vision of Douglas DiPaola, a talented handyman who dedicated his life to helping veterans live with comfort and independence. After his passing, his daughter, Francesca DiPaola, stepped in to carry on his legacy and expand the organization’s reach nationwide. Every home we modify is a message to a veteran that they are seen, valued, and never forgotten. We rely on the generosity of donors, volunteers, corporate partners, and community members to continue this critical work. Together, we are building more than homes — we’re rebuilding lives.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.6% | 86.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.4% | 10.4% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
21.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
338.4% | 234.8% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.0 mo | 13.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.5% | 30.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.1% | 88.1% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-21.4% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-21.5% | 5.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.4% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $1.1M | $1.1M | $359K | 74.6% | 2 |
| 2024 | $1.4M | $1.4M | $309K | 69.3% | 2 |
| 2023 | $1.6M | $1.6M | $247K | 69.7% | 2 |
| 2022 | $1.7M | $1.8M | $262K | 67.5% | 2 |
| 2021 | $1.7M | $1.6M | N/A | — | 1 |
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