Nonprofit · EIN 52-1885132
HOMEFREE USA INC
Tax-exempt · RIVERDALE, MD 20737
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,298,683 | $11,024,321 | $274,362 | $12,198,740 | $8,966,292 | $3,232,448 |
| December 31, 2023 | 990 | $17,217,361 | $17,465,119 | -$247,758 | $4,583,341 | $1,625,255 | $2,958,086 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,222,307
- of which government grants
- $9,000,119
- Membership dues
- $64,327
- Program service revenue
- $0
- Investment income
- -$67,795
- Net gain from sales of assets
- -$67,795
- Other revenue
- $144,171
Expenses
- Grants and similar amounts paid
- $2,373,821
- Compensation of officers, directors and key employees
- $4,416,132
- Salaries, compensation and benefits (total)
- $4,482,996
- Professional fundraising fees
- $0
- Accounting fees
- $153,339
- Occupancy
- $204,603
- Travel
- $286,884
- Depreciation
- $275,492
- Program services (functional)
- $7,000,852
- Management and general (functional)
- $3,460,815
- Fundraising (functional)
- $562,654
Balance sheet and other
- Total assets, start of year
- $4,583,341
- Total assets, end of year
- $12,198,740
- Total liabilities, end of year
- $8,966,292
- Net assets, end of year
- $3,232,448
- Land, buildings and equipment
- $4,270,044
- Net assets without donor restrictions
- -$63,259
- Net assets with donor restrictions
- $3,295,707
- Gross receipts
- $11,778,478
- Employees
- 52
- Volunteers
- 12
- Year formed
- 1994
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcia Griffin | President & CEO Officer, Key employee, Highest-paid employee | 40 | $374,328 |
| James Griffin | Executive Vice President Key employee | 40 | $281,410 |
| Milan Griffin | Vice President Key employee | 40 | $128,660 |
| Quentin Cantlo | SVP Chief Information Officer Key employee | 40 | $126,151 |
| Gwendolyn Garnett | Exec. VP & Manager CFA Key employee | 40 | $121,342 |
| Alfreda Williams | Director Homeownership Key employee | 40 | $107,741 |
| Simone Griffin | EVP Manag. Director Affiliate Network Key employee | 40 | $106,600 |
| Elena Robinson | IT Manager Trustee or director | 40 | $101,178 |
| Jared Magoon | IT Development Officer Key employee | 40 | $97,144 |
| Luwanna Williams | CFA University Director Key employee | 40 | $87,177 |
| Frank Sims | Board Member Trustee or director | 2 | $0 |
| Megan Moore | Board of Directors Trustee or director | 2 | $0 |
| Joseph Ohayon | Board of Directors Trustee or director | 2 | $0 |
| William Lewis | Board of Directors Trustee or director | 2 | $0 |
| Efe Aghimien | Board of Directors Trustee or director | 2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Koches | Director Institutional trustee | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcia J Griffin | President CEO Officer | 40 | $360,811 |
| James M Griffin | Exec VP Officer | 40 | $244,927 |
| Gwendolyn Garnett | Board Member Officer | 40 | $114,211 |
| Milan Griffin | Chief Operations Officer Officer | 40 | $113,376 |
| Marion Cantlo | Chief Information Officer Officer | 40 | $106,320 |
| Simone Griffin | Operations Manger Officer | 40 | $101,992 |
| Christine Gould | Senior Communications Officer Former | 40 | $15,261 |
| Paul Koches | Director Trustee or director | 1 | $0 |
| Michael Waldreon | Board Chair Trustee or director | 1 | $0 |
| Frank Sims | Board Director Trustee or director | 1 | $0 |
| Megan Moore | Board Director Trustee or director | 1 | $0 |
| Joseph Ohayon | Board Director Trustee or director | 1 | $0 |
| Efe Aghimien | Board Director Trustee or director | 1 | $0 |
| William Lewis | Board Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6200 BALTIMORE AVE, RIVERDALE, MD 20737-1054
- In care of
- % JAMES GRIFFIN
- Principal officer (990 for 2024)
- James Griffin, 8401 Corporate Drive, Landover, MD 20785
- Signed the 990
- James Griffin, Vice President
- Phone
- (301) 891-8400
- Website
- homefreeusa.org
- Return prepared by
- Brown & Company
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.
Program accomplishments
- Homeownership program: to develop within all people the knowledge skills and practices they need to be economically strong and successful homeowners. The program includes HUD housing assistance administered through the HFUSA network of Affiliate Organizations.Expenses $3,353,317 · grants $2,373,821 · revenue $3,353,317
- 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 $3,647,535 · revenue $3,647,535
- N/A0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1885132
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $12,198,740
- Income (IRS master file)
- $11,778,478
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,298,683 | $11,024,321 | $12,198,740 | IRS |
| 990 | December 2023 | $17,217,361 | $17,465,119 | $4,583,341 | XML |
| 990 | December 2022 | $34,679,494 | $33,371,977 | $7,003,294 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1885132).
Questions about HOMEFREE USA INC
- What is the EIN of HOMEFREE USA INC?
- The employer identification number (EIN) of HOMEFREE USA INC is 52-1885132.
- Is HOMEFREE USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to HOMEFREE USA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMEFREE USA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOMEFREE USA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMEFREE USA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOMEFREE USA INC?
- The 990 for the year ended December 31, 2024 names James Griffin.
- Who are the officers and directors of HOMEFREE USA INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 10 received compensation from the organization, the highest $374,328 (Marcia Griffin, President & CEO).
- How much revenue does HOMEFREE USA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,298,683, expenses of $11,024,321 and total assets of $12,198,740 at year end.
Other nonprofits in RIVERDALE
- METAMORPHOSIS COMMUNITY PROJECT INC EIN 83-4358177 · last filed 990 for 2025
- INABANGNONS IN THE UNITED STATES AND CANADA INAUSCA EIN 52-1911822 · last filed 990-N for 2025
- CENTRAL UNION MISSION EIN 53-0218650 · last filed 990 for 2025
- FULL CITIZENSHIP OF MARYLAND INC EIN 52-1542816 · last filed 990 for 2025
- COLLEGE PARK ACADEMY INC EIN 46-2980755 · last filed 990 for 2025
- CENTRO DE APOYO FAMILIAR CAF EIN 26-0452137 · last filed 990 for 2024
- SOWING EMPOWERMENT AND ECONOMIC DEVELOPMENT INC EIN 52-2227244 · last filed 990 for 2024
- ENGAGED COMMUNITY OFFSHOOTS EIN 26-4196401 · last filed 990 for 2024
All nonprofits in RIVERDALE · Maryland · Philanthropy, voluntarism and grantmaking foundations