PURPLE HEART HOMES INC
104 GALAX DRIVE, STATESVILLE, NC 28677 www.purplehearthomesusa.org

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Organizations Filed Purposes: 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.

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 FOURTH YEAR IN 2019. 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. AS OF 12/31/2019, PHH WILL DISCONTINUE 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 HOMEOWNERSHIP PROGRAM (VHOP) PLACED 6 FINANCIALLY QUALIFIED VETERANS IN 5 SEPARATE HOUSES IN 2019. 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 MORTGAGE 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 2019 TOTAL FOR REAL ESTATE GIFTS-IN-KIND IS $1,882,253, 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 11 HOUSES TO INVESTORS IN 2018. 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 7A, AND RESULTED IN $419,000. THE AMOUNT ON PART VIII, LINE 7C OF $(126,040) 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 2019 PURPLE HEART HOMES COMPLETED 120 PROJECTS IN 21 STATES. THIS ENCOMPASSES 82 PROJECTS COMPLETED FROM THE HOME OFFICE LOCATION IN STATESVILLE, NC AND 38 PROJECTS COMPLETED BY OUR 14 CHAPTERS IN THEIR REPRESENTATIVE 12 STATES.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. IN 2019 32 RAMPS WERE BUILT AND INSTALLED FOR SERVICE-CONNECTED DISABLE VETERANS.SECOND ACCOMPLISHMENT:PURPLE HEART HOMES, INC. IS ALWAYS LOOKING TO ENGAGE STUDENTS AND VOLUNTEERS OF ALL AGES. IN 2019, 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 3.7 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 3RD ANNUAL VETERANS AGING SUMMIT IN COLORADO SPRINGS, CO. ALSO IN 2019, PURPLE HEART HOME, INC. ATTENDED THE SAN DIEGO HOUSING FEDERATION'S ANNUAL AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT CONFERENCE WITH HABITAT FOR HUMANITY. THIS CONFERENCE BROUGHT TOGETHER MORE THAN 500 BUILDERS, SERVICE PROVIDERS, CHARITIES, ETC. TO SHARE KNOWLEDGE OF AFFORDABLE HOUSING, COMMUNITY, AND ECONOMIC DEVELOPMENT. IN 2019 PURPLE HEART HOMES, INC. AGAIN HAD STRONG VOLUNTEER ENGAGEMENT. WE HOSTED VOLUNTEER DAYS FOR CORPORATIONS, CHURCH GROUPS, BOY SCOUTS, HIGH SCHOOL ROTC CADETS, AND COMMUNITY ORGANIZATIONS. PURPLE HEART HOMES, INC. HEADQUARTERS HAD A TOTAL OF 364 VOLUNTEERS IN 2019 GIVING 1675 HOURS OF THEIR TIME. WE ESTIMATE THAT VOLUNTEER HOURS AT CHAPTERS ARE 4,000+/-, WITH 869 VOLUNTEERS.THIRD ACCOMPLISHMENT:AN OVERALL GROWTH IN DONATIONS, VOLUNTEERS, AND EVENTS WAS EXPERIENCED, AND BY THE END OF 2019, PURPLE HEART HOMES, INC. HAD 14 OFFICIAL CHAPTERS IN 12 STATES: NC (2), SC (2), NY (2), CO, GA (2), OH, TN, FL, TX AND MI. ALL OF THE PURPLE HEART HOMES, INC. CHAPTERS COMBINED COMPLETED 38 HOME RENOVATION PROJECTS FOR DISABLED AND AGING VETERANS IN THEIR LOCAL AREAS. ADDITIONALLY, THE CHAPTERS RAISED $365,631 AND CREATED OPPORTUNITIES FOR 869 VOLUNTEERS TO WORK APPROXIMATELY 4,000 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.

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