Time For Freedom Inc
- Assets
- $2.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 59-2771223
Organization Overview
Time For Freedom Inc is located in Ocala, FL. The organization was established in 1988. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Time For Freedom 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, Time For Freedom Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
WORK RELEASE PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK RELEASE PROGRAM. SERVICES PROVIDED FOR WORK RELEASE INMATES INCLUDE SECURITY, HOUSING, MEALS, EMPLOYMENT, AND PROGRAM SERVICES INCLUDING SUBSISTANCE ABUSE AND OTHER TRANSITIONAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Decastro Executive Director | OfficerTrustee | 40 | $82,000 |
Wes Wheeler Treasurer | Trustee | 2 | $0 |
Michael Decastro Vice President | OfficerTrustee | 2 | $52,416 |
Leif Woolley Director | Trustee | 2 | $0 |
Mauricio Chevalier CFO | OfficerTrustee | 40 | $88,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,194 |
| Total Program Service Revenue | $4,264,578 |
| Investment income | $20,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,291,921 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,810 |
| Insurance | $257,413 |
| All other expenses | $3,727,849 |
| Total functional expenses | $4,118,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,082 |
| Savings and temporary cash investments | $41,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,600 |
| 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 | $751,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,178 |
| Other assets | $553,643 |
| Total assets | $2,070,845 |
| Accounts payable and accrued expenses | $156,844 |
| 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 | $401,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $536,463 |
| Total liabilities | $1,095,260 |
| Net assets without donor restrictions | $975,585 |
| 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 | $2,070,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Time For Freedom Inc Ocala, FL | $2,070,845 | $4,291,921 |
Riverside Christian Ministries Inc Miami, FL | $3,493,093 | $2,573,470 |
Shepherds Lighthouse Inc Belleview, FL | $1,224,885 | $563,445 |
Renascence Inc Montgomery, AL | $438,114 | $301,311 |
Karing Heartz Community Development Corporation Jonesboro, GA | $6,242 | $256,939 |
Hillsboro House Of Hope Inc Tampa, FL | $470,878 | $0 |
Sisters In Recovery Ministries Inc Hiram, GA | $205,277 | $0 |
Harvard House Program Inc Atlanta, GA | $0 | $0 |
New Beginnings Of Jacksonville Inc Jacksonville, FL | $2,854 | $0 |
Potters House Community Development Inc Decatur, GA | $14,249 | $0 |
Surreal Friends Inc Miami, FL | $3,019 | $0 |
Dod Manor Inc Jacksonville, FL | $10,205 | $0 |
Green Pastures Church Ministry Summerfield, FL | $0 | $0 |
House Of Grace Of Bay County Inc Bonifay, FL | $380 | $0 |
Noahs Ark Community Development Corporation Inc Orlando, FL | $1,699 | $0 |
Helping Our Returning Neighbors Incorporated Fort Meyers, FL | $35,977 | $37,664 |
Never Alone Ministries Inc Decatur, AL | $0 | $0 |
Moriah Manor Inc Dawson, AL | $0 | $0 |
Yaw Usa Corp Atlanta, GA | $0 | $0 |