2026-09-11T15:01:12-05:00 2025-12-31 943108253 NOVOGRADAC & COMPANY LLP 3025 NORTH WOOSTER AVENUE DOVER OH 44622 990 2025-01-01 222532804 PROJECT FREEDOM INC PROJ 6092780075 1 FREEDOM BLVD LAWRENCEVILLE NJ 08648 TRACEE BATTIS EXECUTIVE DIRECTOR 6092780075 2026-09-11 1 KARIE MCMILLEN P01891249 3303655400 2025 TRACEE BATTIS 20 BRANDON RD LAWRENCEVILLE NJ 08548 4492006 0 X WWW.PROJECTFREEDOM.ORG X 1984 NJ 1. TO PROVIDE AN ENVIRONMENT WHERE THE PHYSICALLY DISABLED HAVE THE OPPORTUNITY TO BE EMPLOYED AND HAVE A FAMILY, CONTRIBUTE TO SOCIETY, AND MAKE LIFESTYLE CHOICES.2. TO PROVIDE HOUSING THAT IS ACCESSIBLE TO LOW AND MODERATE INCOME PERSONS WITH DISABILITIES. 16 15 62 0 0 0 203323 1372391 2145926 2541448 46572 84368 282654 493799 2678475 4492006 0 0 0 0 1583792 1625675 0 0 77790 734314 770067 2318106 2395742 360369 2096264 18415256 20625390 9726081 9839951 8689175 10785439 SEE SCHEDULE O 0 0 323205 1372391 TO PROVIDE HOUSING THAT IS ACCESSIBLE TO LOW AND MODERATE INCOME PERSONS WITH DISABILITIES, OFFERING AN ENCOURAGING ENVIRONMENT THAT PROMOTES ACTIVITY. 22715 TO PROVIDE DAY PROGRAMS, RECREATION, AQUATICS PROGRAMS, AND OTHER BENEFICIAL ACTIVITIES TO PROMOTE EXERCISE FOR DISABLED PEOPLE. 345920 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 13 0 62 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 NJ X X PROJECT FREEDOM INC 6092780075 1 FREEDOM BLVD LAWRENCEVILLE NJ 08648 DANIEL SURTZ VICE CHAIRMAN 1.00 X X 0 0 0 TIMOTHY J LUTZ CHAIRMAN 1.00 X X 0 0 0 MARK E LACCETTI TREASURER 1.00 X X 0 0 0 GARY R BACKINOFF BOARD MEMBER 1.00 X 0 0 0 JACK BLAIR BOARD MEMBER 1.00 X 0 0 0 KELLY BOYD BOARD MEMBER 1.00 X 0 0 0 ROBERT BUDA JR SECRETARY 1.00 X 0 0 0 SCOTT ELLIOT BOARD MEMBER 1.00 X 0 0 0 MARK MARKOVICH BOARD MEMBER 1.00 X 0 0 0 DAVID R FRAYTAK BOARD MEMBER 1.00 X 0 0 0 SHEREE SACHS MCGOWAN BOARD MEMBER 1.00 X 0 0 0 JAMES COLITSAS BOARD MEMBER 1.00 X 0 0 0 TRACEE BATTIS EXECUTIVE DIRECTOR - CEO 40.00 X 210000 0 0 NORMAN A SMITH ASSOCIATE EXECUTIVE DIRECT 40.00 X 95000 0 0 STEPHEN J SCHAEFER CFO 40.00 X 160000 0 0 ANNE HAMLIN DIRECTOR OF HOUSING DEVELO 40.00 X 155000 0 0 C HERBERT SCHNEIDER BOARD MEMBER 1.00 X 0 0 0 MARY GOEPFERT BOARD MEMBER 1.00 X 0 0 0 TIM WOLF BOARD MEMBER 1.00 X 0 0 0 620000 0 0 3 0 1 0 0 1372391 1150000 1372391 DEVELOPER FEE INCOME 531390 1312742 1312742 ADMINISTRATIVE FEE 531390 1058980 1058980 PROGRAM NOTES - INTERE 525990 134242 134242 RENTAL INCOME 531390 35484 35484 2541448 84368 84368 132224 0 132224 132224 MISCELLANEOUS 531390 361575 361575 361575 4492006 2987391 0 132224 576618 33018 543600 720545 40355 680190 170298 170298 158214 11075 147139 14496 14496 127098 49308 77790 32386 32386 104505 5055 99450 52595 27934 24661 10160 10160 27136 27136 55340 55340 60360 60360 SECURITY 90244 90244 BAD DEBT 78618 78618 MISCELLANEOUS 51249 11999 39250 REPAIRS AND MAINTENANCE 43165 43165 22715 22715 2395742 345920 1972032 77790 1890680 1373795 1922837 2434396 11794714 12882297 37012 40240 979997 767860 236592 212137 2528554 3678554 4867 3971 18415256 20625390 30500 23 9169480 9272972 526101 566956 9726081 9839951 X 8689175 10785439 8689175 10785439 18415256 20625390 2096264 0 X X 0 1 X 1 0 X 702007 168624 580608 203323 1372391 3026953 702007 168624 580608 203323 1372391 3026953 3026953 1550 13960 2432 153700 361575 533217 3560170 0.85020 0.87920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 1,550. 2022 AMOUNT: $ 13,960. 2023 AMOUNT: $ 2,432. 2024 AMOUNT: $ 3,700. 2025 AMOUNT: $ 361,575. FORGIVENESS OF DEBT - 2024 AMOUNT: $ 150,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47538 47538 473162 454455 18707 459297 313405 145892 212137 INVESTMENT IN HAMILTON FREEDOM PROPERTIES 1274497 C INVESTMENT IN HOPEWELL FREEDOM PROPERTIES 100 C INVESTMENT IN LAWRENCE FREEDOM PROPERTIES 72750 C INVESTMENT IN WOODSTOWN FREEDOM, INC 100 C INVESTMENT IN WESTAMPTON FREEDOM PROPERTIES 164600 C INVESTMENT IN TOMS RIVER PROPERTIES 1100 C INVESTMENT IN WESTAMPTON II 1000 C INVESTMENT IN HISTORIC ROEBLING GP 240000 C INVESTMENT IN LEGACY GP 774407 C INVESTMENT IN WALL GP 1150000 C 3678554 SECURITY DEPOSITS 3971 ACCRUED INTEREST 514846 DUE TO RELATED PARTIES 48139 566956 X 4492006 0 4492006 0 4492006 2395742 0 2395742 0 2395742 PART X, LINE 2: THE AGENCY IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). AS SUCH, PROJECT FREEDOM INC. (PFI) IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, PFI IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM PFI'S INVESTMENT INCOME AND OTHER ACTIVITIES NOT RELATED TO ITS STATED EXEMPT PURPOSES. PFI HAD NO SIGNIFICANT DEFERRED INCOME TAX ASSETS OR LIABILITIES AS OF DECEMBER 31, 2025 AND 2024. THE AGENCY HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE 2022, 2023 AND 2024 TAX YEARS. HOWEVER, THE AGENCY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE AGENCY BEEN CONTACTED BY ANY JURISDICTION. BASED ON THE EVALUATION OF THE AGENCY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE FISCAL YEARS ENDED DECEMBER 31, 2025 AND 2024. GOLF OUTING 66000 66000 ANGEL DINNER 66224 66224 132224 132224 132224 0 0 0 0 0 0 0 0 0 TRACEE BATTIS EXECUTIVE DIRECTOR - CEO 210000 0 0 0 0 0 0 0 0 0 210000 0 0 0 STEPHEN J SCHAEFER CFO 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 ANNE HAMLIN DIRECTOR OF HOUSING DEVELO 155000 0 0 0 0 0 0 0 0 0 155000 0 0 0 X LAND 0 1150000 0 0 0 FORM 990, PART 1, LINE 6 VOLUNTEERS ASSIST IN FUNDRAISING ACTIVITIES AND PROVIDING SERVICES TO DISABLED PERSONS. FORM 990, PART I AND PART III, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION 1. TO PROVIDE AN ENVIRONMENT WHERE THE PHYSICALLY DISABLED HAVE THE OPPORTUNITY TO BE EMPLOYED AND HAVE A FAMILY, CONTRIBUTE TO SOCIETY, AND MAKE LIFESTYLE CHOICES. 2. TO PROVIDE HOUSING THAT IS ACCESSIBLE TO LOW AND MODERATE INCOME PERSONS WITH DISABILITIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY INTERNALLY MONITORING RELATIONSHIPS BETWEEN ITS GOVERNING BODY, MEMBERS AND OTHERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND OFFICERS IS SUBJECT TO THE REVIEW AND APPROVAL OF THE ORGANIZATIONS' INDEPENDENT GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 ANY DOCUMENTS WHICH ARE OPEN TO PUBLIC INSPECTION BY LAW CAN BE OBTAINED BY CONTACTING THE ORGANIZATION AND MAKING A FORMAL REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN PROCESSES FROM PRIOR YEAR TO CURRENT YEAR.