House Of Freedom Support Corporation
- Assets
- $49.7m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- Data as of
- 06/2022
- EIN
- 84-3536098
Organization Overview
House Of Freedom Support Corporation is located in Baltimore, MD. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of Freedom Support Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, House Of Freedom Support Corporation generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OHOUSE OF FREEDOM SUPPORT CORPORATION EXISTS TO FACILITATE A NEW MARKET TAX CREDIT TRANSACTION IN 2019 ON BEHALF OF HELPING UP MISSION, INC. IT'S MISSION IS TO COMPLETE THE PROCESS OF BUILDING A 145,000 SQUARE FOOT FACILITY AND LEASING TO HELPING UP MISSION, INC. TO BE USED TO SERVE WOMEN AND CHILDREN EXPERIENCING HOMELESSNESS, POVERTY, AND ADDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS FOR CONSTRUCTION OF A PROPERTY IN THE CITY OF BALTIMORE, MARYLAND. CONSTRUCTION WAS COMPLETED IN 2022 AND THE PROPERTY WAS LEASED TO HELPING UP MISSION, INC. TO OPERATE AS A COMMUNITY FACILITY SERVING HOMELESS AND LOW INCOME WOMEN AND CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Bauer President | OfficerTrustee | 2 | $0 |
Michael Stitcher Secretary | OfficerTrustee | 2 | $0 |
Debbie Wooden Treasurer | OfficerTrustee | 2 | $0 |
Wayne Coffey Member | Trustee | 2 | $0 |
Steve Gudeman Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,124,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,124,000 |
| Total Program Service Revenue | $684,818 |
| Investment income | $1,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,810,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,918,247 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $66,621 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $731,224 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,203 |
| Insurance | $0 |
| All other expenses | $4,400 |
| Total functional expenses | $6,839,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,060,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,477,752 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $45,129,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,667,310 |
| Accounts payable and accrued expenses | $37,649 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,870,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,505,955 |
| Total liabilities | $21,413,604 |
| Net assets without donor restrictions | $27,715,265 |
| Net assets with donor restrictions | $538,441 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,667,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
House Of Freedom Support Corporation Baltimore, MD | $49,667,310 | $5,810,229 |
Presbyterian Seniorcare Foundation Oakmont, PA | $8,697,066 | $4,349,220 |
Richfield Foundation Salem, VA | $0 | $0 |
American Village Communities Inc Fairfax, VA | $10,611,697 | $3,645,882 |
Ehca Foundation Erie, PA | $9,325,618 | $619,289 |
Newcourtland Life At St Bartholomew Inc Philadelphia, PA | $11,528,481 | $536,860 |
Wcm Real Estate Nfp Washington, PA | $10,316,882 | $543,232 |
Virginia Community Development Fund Inc Richmond, VA | $8,280,823 | $4,728,316 |
Mission First Housing Group Inc Philadelphia, PA | $146,738 | $182,915 |
East Side Community Learning Center Foundation Wilmington, DE | $3,510,290 | $479,251 |
Friends Of The Aged Womens Home Washington, DC | $8,111,735 | $803,269 |
The Westminster Canterbury Of Lynchburg Foundation Inc Lynchburg, VA | $8,595,527 | $1,951,001 |