Totally Free Inc
- Assets
- $17.5k
- Revenue
- $243.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Brunswick, GA
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 58-2647162
Organization Overview
Totally Free Inc is located in Brunswick, GA. The organization was established in 2002. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2022, Totally Free Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Totally Free Inc 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 12/2022, Totally Free Inc generated $243.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $200.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
HOMEBUYER EDUCATION AND COUNSELING DETAILING THE HOME OWNERSHIP PROCESS AND PROVIDING KNOWLEDGE OF GOVERNMENT PROGRAMS, HOME EQUITY CONVERSION MORTGAGES, REVERSE MORTGAGE COUNSELING,SPECIAL ASSISTANCE AND LOSS MITIGATION DUE TO FORECLOSURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING STABILITY COUNSELING PROGRAM - SUPPORT HOUSING COUNSELING FOR HOUSEHOLDS FACING HOUSING INSTABILITY, SUCH AS EVICTION, DAFAULT, FORECLOSURE, LOSS OF INCOME OR HOMELESSNESS. PROVIDE INFORMATION FOR HOMEOWNERS AND RESENTING SEEKING ACCESS TO SERVICES AND RESOURCES. 48 CLIENTS FACING MORTGAGE DEFAULT WERE COUNSELED ON FORECLOSURE PREVENTION. HOUSING COUSELING WAS PROVIDED FOR 7 CLIENTS REGARDING NON DELIQUENCY POST PURCHASE FOR REFINANCE, REPAIRS AND EARLY PAYOFFS. 76 CLIENTS WERE ASSISTED WITH RENTAL RESOURCES AND LANDLORD HELP17 PARTICIPANTS RECEIVED HOMELESS COUNSELING RESOURCES.
HOME EQUITY CONVERSION MORTAGES AND REVERSE MORTGAGE COUNSELING - ASSISTED SENIORS WHO SEEK TO CONVERT PART OF THE EQUITY IN THEIR HOME TO CASH. TOTALLY FREE COUNSELED 1,093 CLIENTS IN 2022.
HOMEBUYER EDUCATION/COUNSELING - TOTALLY FREE INC PROVIDED EDUCATION AND FINANCIAL LITERACY WORKSHOP EMPOWERING A CLIENTS PURCHASE. 4 WORKSHOPS WERE HELD IN 2022 WITH A TOTAL ATTENDANCE OF 75. 65 CLIENTS RECEIVED A FULL SPECTRUM OF HOUSING COUNSELING, INCLUDING PERSONALIZED PLANS FOR MORTGAGE READINESS. GROUP EDUCATION AND A MORTGAGE DEFAULT WORKSHOP WERE OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ned Capitan Board Member | Trustee | 1 | $0 |
Gary A Cross Board Member | Trustee | 25 | $0 |
Brad Brown Board Member | Trustee | 1 | $0 |
Millicent Harwell Cross Director | Officer | 40 | $0 |
Dorothy Lee Melton Secretarytreasurer | Officer | 2 | $0 |
Abra Reed President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/15 | $0 | |
| 12/30/15 | $0 | |
| 12/30/15 | $0 | |
| 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,809 |
| Total Program Service Revenue | $75,475 |
| Investment income | $0 |
| 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 | $243,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $29,124 |
| 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 | $2,575 |
| Fees for services: Management | $118,268 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $857 |
| Office expenses | $9,016 |
| Information technology | $2,513 |
| Royalties | $0 |
| Occupancy | $11,477 |
| Travel | $358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $13,976 |
| Total functional expenses | $200,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,472 |
| Accounts payable and accrued expenses | $42,735 |
| 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 | $3,478 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $9,287 |
| Other liabilities | $0 |
| Total liabilities | $55,500 |
| Net assets without donor restrictions | -$38,028 |
| Net assets with donor restrictions | $0 |
| 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 | $17,472 |