Totals
- Total revenue
- $2,615,175
- Total expenses
- $1,498,660
- Contributions and grants received
- $2,570,449
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $44,720
- Total assets, end of year
- $5,776,301
- Total liabilities, end of year
- $3,055,937
- Net assets or fund balances, end of year
- $2,720,364
- Program services expenses (Part IX)
- $1,164,474
- Management and general expenses
- $274,666
- Fundraising expenses
- $59,520
- Program service expenses (Part III)
- $1,164,474
Program services were 77.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$55,767
-
1f · All other contributions, gifts and grants
$2,514,682
-
3 · Investment income
total $6 · related or exempt $6
-
6a · Gross rents
real property $44,720
-
6c · Rental income or loss
real property $44,720
-
6d · Net rental income or loss
total $44,720 · related or exempt $44,720
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $141,000 · program services $119,850 · management and general $16,920 · fundraising $4,230
-
7 · Other salaries and wages
total $604,498 · program services $513,823 · management and general $72,540 · fundraising $18,135
-
9 · Other employee benefits
total $46,449 · program services $39,482 · management and general $5,574 · fundraising $1,393
-
10 · Payroll taxes
total $60,285 · program services $51,242 · management and general $7,234 · fundraising $1,809
-
11c · Fees: accounting
total $39,623 · management and general $39,623
-
11e · Fees: professional fundraising services
total $1,996 · fundraising $1,996
-
12 · Advertising and promotion
total $29,510 · fundraising $29,510
-
13 · Office expenses
total $31,188 · management and general $31,188
-
17 · Travel
total $326 · management and general $326
-
19 · Conferences, conventions and meetings
total $20,356 · management and general $20,356
-
20 · Interest
total $48,525 · program services $34,525 · management and general $14,000
-
22 · Depreciation, depletion and amortization
total $47,217 · management and general $47,217
-
23 · Insurance
total $14,178 · program services $13,543 · management and general $635
-
24a · Other expenses: Economic & Community Develop
total $54,838 · program services $54,838
-
24b · Other expenses: Education
total $85,849 · program services $85,849
-
24c · Other expenses: Family Stability
total $150,455 · program services $150,455
-
24e · All other expenses
total $122,367 · program services $100,867 · management and general $19,053 · fundraising $2,447
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $729,353 · end of year $1,218,220
-
4 · Accounts receivable
beginning of year $1,294 · end of year $28,305
-
10a · Land, buildings and equipment: cost or other basis
$3,393,271
-
10b · Land, buildings and equipment: accumulated depreciation
$123,868
-
10c · Land, buildings and equipment, net
beginning of year $2,113,262 · end of year $3,269,403
-
15 · Other assets
end of year $1,260,373
-
17 · Accounts payable and accrued expenses
beginning of year $14,166 · end of year $21,162
-
23 · Secured mortgages and notes payable
beginning of year $917,623 · end of year $3,034,775
-
24 · Unsecured notes and loans payable
beginning of year $306,216
-
27 · Net assets without donor restrictions
beginning of year $1,605,904 · end of year $2,330,364
-
28 · Net assets with donor restrictions
end of year $390,000
Mission and programs · 2022
Mission
We drive holistic family and community transformation through innovative programs and real estate investments in the Freedom Drive corridor.
-
Family Stability: Freedom Communities Moms Moving Forward program (MMF) takes a holistic andcommunity-based approach to drive upward mobility and family stability for single mothers and theirchildren. During our paid 12 month program, we work simultaneously with each participant and herchild(ren), connecting them to holistic resources as they build a network of support with other families.After launching the program in July of 2020, we have successfully launched 7 cohorts of the programand graduated 5 to date, impacting 282 women and children.
Expenses $601,771
-
Early Education: We center our programmatic work around a two-generation approach combining parent and child interventions to build family strength and optimal child development. We partner with mothers in our Moms Moving Forward program, linking each mother to holistic resources to support the educational success of her child(ren).Upon learning that the Corridor was a childcare desert for ages 0-3, we partnered with a local leader and preschool provider responsible for generating the best readers in our neighborhood schools to expand her existing center on-site at our Tuck Opportunity Hub. The center opened in January of 2022 with space for 77 children.
Expenses $343,368
-
Housing & Economic Development: We are place-based, intentionally limiting our geographic service area to go deep and work holistically with families. With a tagline of family-centered community transformation, we investsimultaneously in families and in infrastructure so that as families transform, their community does too. Beyond MMF, we continue to invest in the development of the Freedom Drive Corridor to create an environment in which all families can thrive. We have leveraged cross-sector partnerships to create affordable rental and homeownership opportunities.
Expenses $219,335
As filed on the 2022 return.
Listed in Part VII
-
Hannah Beavers
Executive Director
- Total calculated
- $141,000
- From this org
- $141,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
John Parker
Director
- Total calculated
- $0
- Hours/week
- 0
-
David Docusen
Director
- Total calculated
- $0
- Hours/week
- 0
-
Kerr Putney
Director
- Total calculated
- $0
- Hours/week
- 0
-
Rodney Adams
Director
- Total calculated
- $0
- Hours/week
- 0
-
Brandy Milazzo
Director
- Total calculated
- $0
- Hours/week
- 0
-
Evelyn Minter
Director
- Total calculated
- $0
- Hours/week
- 0
-
Mark Linsz
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Tim Sittema
Board Chair
- Total calculated
- $0
- Hours/week
- 0
-
Famatta Galloway
Director of Programs & Impact
- Total calculated
- $0
- Hours/week
- 40 + 40 related
-
Mark Talbot
Director of Economic Impact
- Total calculated
- $0
- Hours/week
- 40 + 40 related
-
Kathleen B Meier
Director of Operations
- Total calculated
- $0
- Hours/week
- 40 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331639349301203
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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