It’s official! A Hero’s Home, Inc. is an approved 501(c)(3) organization. The effective date of that determination is March 30, 2018. Donors can deduct their contributions… we are really rolling now!
Step 7… obtaining tax-exempt status
The paperwork has been filed and A Hero’s Home, Inc. should be within 90 days of obtaining tax-exempt status… which would allow all of these generous initial donations to be fully tax-deductible.
Special thanks to Brandon Hall, CPA, for his hard work in preparing the filing!
Step 6… identifying the hero
Now that this thing is rolling it’s definitely time to talk about the process for determining which hero will be the recipient of the free-and-clear Memphis, TN home. We’re now teaming up with some local veterans groups to help in this process.
Step 5… launch
We are ready for our plan to become action! Our application for tax-exempt status has been filed, and our platform is now live and accepting donations to change the life of a hero family. We have a very special home picked out for our first hero family and crews have begun renovating. This beautiful Memphis TN home will soon belong to a deserving member of the United States Military, local law enforcement, fire or EMS free and clear.
Watch this page for updates on the progress of the renovation and announcements on the selection of a very deserving family. We can’t wait to make this vision a reality!
Step 4… red tape
It’s not easy to start a charity! There is a lot of red tape. All the necessary paperwork, applications, registrations and similar must be completed and submitted in order to do this the right way.
Step 3… identifying potential properties
The plan is to choose the first Hero’s home from properties already in the renovation phase with Memphis Invest. We’ll select the one that makes the most sense. A portion of the funds raised will go towards having the house independently appraised and inspected by a third party and then re-inspected should any additional work be required.
Step 2 … setting goals, assigning tasks, putting them into action
With Hero’s Home #1 to be located in Memphis, TN, the planning began with budgeting for all costs to be incurred with the acquisition, rehab and transfer of a quality single-family home.
Tasks were divided among the founders, official governing docs drafted, reviewed and finalized, banking and other administrative matters (including this website) were established, and more.
This thing is really moving forward now.
Step 1 … setting up the charity
A Hero’s Home, Inc. was established as a District of Columbia non-profit corporation in March, 2018.