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 160 reported grants from this foundation totaling approximately $28.0M.

EIN: 521885132 Landover, MD Public Foundations NTEE: T30 Latest filing: 2024
Total Revenue$11.3M
Total Expenses$11.0M
Total Assets$12.2M
Grants Given160
Grant Total$28.0M
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.

Where $100 goes at Homefree USA Inc

How Homefree USA Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$86 Programs the work itself
$12 Management running the organization
$2 Fundraising raising the next dollar

Inside the $86 for programs

$45
CFA program to provide counseling and career endeavoring services to college students attending HBCU's
52% of program spending
$41
Homeownership program
48% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Before you apply to Homefree USA Inc

Sometimes funds new orgs 23% of recent recipients were first-time grantees (2022–2024).

Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.

Sample Grants Given

Agawam, MA · 2024
Housing Counseling Assistance
$542,000
Maitland, FL · 2024
Housing Counseling Services
$133,507
Orlando, FL · 2024
Housing Counseling Services
$99,891
Northport, NY · 2024
Housing Counseling
$90,001
Corona, CA · 2024
Housing Counseling
$90,000

Showing up to 5 of 160 total records — full history available with membership.

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

Mental Health & Substance Abuse
$5,178,314 73 grants
Unspecified
$22,842,581 87 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.

Grant Geography

Grants from this foundation were reported to recipients in AZ, CA, DE, FL, GA, ID, and 4 other states.

AZCADEFLGAIDILMAMDMI

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for HOMEFREE USA INC

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