Overview
What is Homefree Usa Inc?
Homefree Usa Inc is a nonprofit organization located in Landover, Maryland, with a team of 35 employees. Their mission is to empower individuals to become economically strong and successful homeowners. Through the HUD Housing Assistance program, they provide knowledge, skills, and practices to help future and existing homeowners secure mortgage approval and ensure long-term financial success. The organization's activities focus on education and preparation, ensuring that their clients are well-equipped to navigate the homeownership process.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Homefree USA Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance along with community engagement. The charity scored 83% in Accountability & Finance, indicating a strong commitment to transparency and responsible financial management.
The organization excels in Culture & Community, achieving a score of 91%, which suggests an effective engagement with the communities it serves. Additionally, its Equity Strategies score of 87 out of 100 points highlights its dedication to promoting equity within its operations.
However, while the overall ratings are positive, the lower weight in the Accountability & Finance category (75) may point to areas needing improvement in financial practices or reporting. Nonetheless, the high community engagement scores suggest that the organization is making a meaningful impact in addressing the needs of its target populations.
This AI summary has been generated from information found on Charity Navigator.
Is Homefree Usa Inc legitimate?
Homefree Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homefree Usa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $507,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,595,507
For more financial information, click here
What is the mission statement of Homefree Usa Inc?
Homefree Usa Inc is committed to educating and preparing both future and existing homeowners towards achieving guaranteed mortgage approval and ensuring long-term financial success. Their mission goes beyond homeownership, focusing on equipping individuals with the necessary knowledge, skills, and practices for economic strength and prosperity. The organization's efforts are geared towards fostering self-sufficiency in the realm of home financing through various programs, which may include HUD Housing Assistance administered through their affiliate networks.
Who is the CEO of Homefree Usa Inc?
James M Griffin is the Coo of Homefree Usa Inc. The CEO's salary of Homefree Usa Inc is $406,782 and their total compensation is $406,782.
What is the revenue of Homefree Usa Inc?
Homefree Usa Inc's revenue in 2022 was $34,679,494.
Who are the executives of Homefree Usa Inc and what are their salaries?
The average compensation at Homefree Usa Inc during 2022 was $88,664. There are 35 employees at Homefree Usa Inc.
Here are 7 key members and their salaries (Homefree Usa Inc's CEO's salary is $406,782 and their total compensation is $406,782):
- Compensation: $406,782
- Related: $0
- Other: $0
- Compensation: $110,077
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $251,308
- Related: $0
- Other: $0
- Compensation: $42,496
- Related: $0
- Other: $0
- Compensation: $108,901
- Related: $0
- Other: $0
Where can I find the form 990 for Homefree Usa Inc?
Homefree Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homefree Usa Inc
Homefree USA Inc, a nonprofit organization, is dedicated to enlightening and equipping both future and current homeowners with the essential knowledge and skills for securing mortgage approvals and ensuring long-term financial prosperity. The mission of Homefree USA Inc is multifaceted.
In the first instance, the organization focuses on imparting indispensable knowledge to individuals who aspire to own a home. This education process sets them on a path towards guaranteed mortgage approval, enabling them to realize their dream of homeownership. Moreover, Homefree USA Inc extends its reach to existing homeowners, empowering them to strengthen their financial footing and secure their economic future.
Homefree USA Inc's program goes beyond the mere acquisition of a mortgage. It aims to develop within individuals the abilities and practices necessary for maintaining a strong and successful homeownership experience. This comprehensive approach is facilitated through the organization's network of Affiliate Organizations that administer HUD Housing Assistance. By providing a holistic solution, Homefree USA Inc plays a vital role in fostering economically stable and prosperous communities.
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Impact
October, 2024
Homefree USA Inc plays a crucial role in empowering individuals and families to achieve homeownership and financial stability. By providing education and resources, the organization equips both future and current homeowners with the knowledge and skills necessary for guaranteed mortgage approval. Their comprehensive programs focus on fostering economic strength, ensuring that individuals are well-prepared to navigate the complexities of home buying and financial planning.
Through initiatives that include HUD Housing Assistance and a robust network of affiliate organizations, Homefree USA Inc addresses critical gaps in financial literacy. This support helps participants build lifelong financial success, creating a ripple effect that strengthens communities. By prioritizing education and preparation, Homefree USA Inc not only impacts the lives of its participants but also contributes to the overall economic health of neighborhoods, driving sustainable growth and stability in homeownership.
This information is meant to be a general summary of Homefree Usa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $65,635
- Gross Receipts: $34,679,494
Assets and Liabilities:
- Total Assets: $7,003,294
- Total Liabilities: $3,797,612
- Net Assets: $3,205,682
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Organization Details
Founding Year
1994
Phone
(301) 891-8406Principal Officer
James M Griffin
Main Address
8401 Corporate Drive, Landover, MD, 20785
NTEE Category
Code: T30 - Philanthropy
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