Public Charity

HOMEFREE USA INC

Based in Landover, MD, HOMEFREE USA INC operates as a Public Charity. The organization reported $11.3M in revenue, $11.0M in expenses, $12.2M in total assets for fiscal year 2024. Imperigo tracks 20 reported grant relationships connected to this organization totaling approximately $6.3M.

EIN: 521885132 Landover, MD Latest filing: 2024
Total Revenue$11.3M
Total Expenses$11.0M
Total Assets$12.2M
Grant Records20
Funding Total$6.3M
Filing Years2020–2024

Mission

Homefree USA, Inc. was organized under the laws of the State of Maryland in 1994. HFUSA is non profit 501 (C) (3) organization. The organization 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 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. Major programs include: Housing Counseling and moving low and moderate income families to owned and rental housing.

Officers & Directors

Director Homeownership Alfreda Williams
Board of Directors Efe Aghimien
IT Manager Elena Robinson
Board Member Frank Sims
Exec. VP & Manager CFA Gwendolyn Garnett
Executive Vice President James Griffin

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$4,457,190 7 grants
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
$1,250,000 1 grant
For grant recipient's exempt purposes
$150,000 3 grants
1 grant(s) for varying purposes
$125,000 1 grant
GENERAL SUPPORT/SPONSORSHIP
$116,200 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $11.3M $11.0M $12.2M
2023 $17.2M $17.5M $4.6M
2022 $34.7M $33.4M $7.0M
2020 $12.5M $12.0M $6.6M

Between 2020 and 2024, reported annual revenue declined from $12.5M to $11.3M (-10%), with total assets most recently reported at $12.2M.

Interactive year-over-year charts and full filing details available with membership.

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