NonprofitsHomefree Usa Inc

Public Foundations

Homefree Usa Inc

RIVERDALE, MD

Total revenue

$11.3M

Total expenses

$11.0M

Net assets

$3.2M

Grants received

$9.0M

33 grants

EIN

521885132

Tax year

2024

Mission

Homefree USA is a non-profit public benefit organization that specializes in homeownership development, foreclosure intervention and financial empowerment. It empowers minorities and women to attain and/or maintain home ownership and financial stability, with a specific focus on providing the financial tools needed to facilitate wise and cautious decision making. The organization is one of the leaders in accessing untapped mainstream financial resources and delivering them to individuals, families, and communities.

Programs

2 programs

CFA program to provide counseling and career endeavoring services to college students attending HBCU's. The goal of the program is to train and prepare college students to major in all disciplines related to mortgage lending, real estate and property ownership and management. There are approximately 10 colleges participating in this program.

Expenses: $3.6M

N/A

0

Financials

FY 2024

Revenue

Contributions & grants$11.2M
Program service revenue
Investment income
Other revenue$144K
Total revenue$11.3M

Expenses

Grants paid$2.4M
Salaries & benefits$4.5M
Fundraising$563K
Other expenses$4.2M
Total expenses$11.0M
Total assets$12.2M
Net assets$3.2M

People

16 listed

NameRoleCompensation

Marcia Griffin

President & CEO

Board

$374K

40 hrs/wk

Elena Robinson

IT Manager

Board

$101K

40 hrs/wk

Frank Sims

Board Member

Board

2 hrs/wk

Megan Moore

Board of Directors

Board

2 hrs/wk

Joseph Ohayon

Board of Directors

Board

2 hrs/wk

William Lewis

Board of Directors

Board

2 hrs/wk

Efe Aghimien

Board of Directors

Board

2 hrs/wk

Paul Koches

Director

Board

1 hrs/wk

James Griffin

Executive Vice President

Staff

$281K

40 hrs/wk

Milan Griffin

Vice President

Staff

$129K

40 hrs/wk

Quentin Cantlo

SVP Chief Information Officer

Staff

$126K

40 hrs/wk

Gwendolyn Garnett

Exec. VP & Manager CFA

Staff

$121K

40 hrs/wk

Alfreda Williams

Director Homeownership

Staff

$108K

40 hrs/wk

Simone Griffin

EVP Manag. Director Affiliate Network

Staff

$107K

40 hrs/wk

Jared Magoon

IT Development Officer

Staff

$97K

40 hrs/wk

Luwanna Williams

CFA University Director

Staff

$87K

40 hrs/wk

Grants received

Showing 33 of 33

FromAmountPurposeYear
$400K
COMMUNITY PROGRESS MAKERS
2024
$125K
1 grant(s) for varying purposes
2024
$1.3M
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
2023
$230K
PROGRAM/OPERATING SUPPORT
2023
$100K
Charitable 501(c)(3)
2023
$65K
CONTRIBUTION
2023
$10K
HANDUP FUND
2023
$250K
COMMUNITY PROGRESS MAKERS
2022
$230K
PROGRAM/OPERATING SUPPORT
2022
$54K
GENERAL SUPPORT/SPONSORSHIP
2022
$50K
For grant recipient's exempt purposes
2022
$50K
CHARITABLE DONATION
2022
$500K
GENERAL SUPPORT
2021
$63K
GENERAL SUPPORT/SPONSORSHIP
2021
$50K
For grant recipient's exempt purposes
2021
$50K
For grant recipient's exempt purposes
2021
$700K
GENERAL OPERATING
2020
$50K
SPONSORSHIP
2020
$10K
MOVE UP WITH HOMEOWNERSHIP PROGRAM
2020
$30K
SPONSORSHIP
2019
$10K
BUILD WEALTH THROUGH HOMEOWNERSHIP INITIATIVE
2019
$180K
PROGRAM/OPERATING SUPPORT
2018
$25K
PROGRAM/OPERATING SUPPORT
2018

Funded by

$9.0M from 15 funders · 33 grants · 2018–2024

Neighborhood Reinvestment Corporation

$3.8M · 3 grants · 2021–2023

Communities Foundation Of Texas Inc

$1.3M · 1 grant · 2023

The Bank of America Charitable Foundation Inc

$1.2M · 7 grants · 2018–2023

Truist Foundation Inc

$700K · 1 grant · 2020

Citi Foundation

$650K · 2 grants · 2022–2024

The New World Foundation

$500K · 1 grant · 2021

Mortgage Bankers Association

$261K · 5 grants · 2019–2023

Fidelity Investments Charitable Gift Fund

$150K · 3 grants · 2021–2022

Details

EIN521885132
NTEE codeT30
Subsection03
Ruling date1994-11
Formed1994
Employees52
Volunteers12
HOMEFREE USA INC — Mission, Financials & Grants Received | Grantivo