Freedom Communities
- Assets
- $6.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Charlotte, NC
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-2329303
Organization Overview
Freedom Communities is located in Charlotte, NC. The organization was established in 2018. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Freedom Communities employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Communities 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 12/2023, Freedom Communities generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE DRIVE HOLISTIC FAMILY AND COMMUNITY TRANSFORMATION THROUGH INNOVATIVE PROGRAMS AND REAL ESTATE INVESTMENTS IN THE FREEDOM DRIVE CORRIDOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY STABILITY: FREEDOM COMMUNITIES' MOMS MOVING FORWARD PROGRAM (MMF) TAKES A HOLISTIC AND COMMUNITY-BASED APPROACH TO DRIVE UPWARD MOBILITY AND FAMILY STABILITY FOR SINGLE MOTHERS AND THEIR CHILDREN. DURING OUR PAID 12 MONTH PROGRAM, WE WORK SIMULTANEOUSLY WITH EACH PARTICIPANT AND HER CHILD (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 10 COHORTS OF THE PROGRAM AND GRADUATED 8, IMPACTING 442 WOMEN AND CHILDREN.
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.
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 INVEST SIMULTANEOUSLY 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Beavers Executive Di | Officer | 40 | $143,306 |
David Docusen Director | Trustee | 5 | $0 |
Michelle Hewett-Wynn Director | Trustee | 5 | $0 |
Suzanne Hunt Director | Trustee | 5 | $0 |
Doug Irmscher Director | Trustee | 5 | $0 |
Shawn Kennedy Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,675,833 |
| Noncash contributions included in lines 1a–1f | $17,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,789,841 |
| Total Program Service Revenue | $499,734 |
| Investment income | $28,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,156 |
| 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 | $2,437,047 |
| 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. | $143,306 |
| Compensation of current officers, directors, key employees. | $14,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $729,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,849 |
| Payroll taxes | $70,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,250 |
| Fees for services: Accounting | $28,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $992 |
| Advertising and promotion | $25,978 |
| Office expenses | $30,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,236 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,515 |
| Insurance | $15,871 |
| All other expenses | $28,555 |
| Total functional expenses | $1,909,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,453,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,461 |
| 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 | $3,487 |
| Net Land, buildings, and equipment | $3,288,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,680,367 |
| Total assets | $6,580,244 |
| Accounts payable and accrued expenses | $30,990 |
| 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 | $3,301,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,332,547 |
| Net assets without donor restrictions | $2,970,065 |
| Net assets with donor restrictions | $277,632 |
| 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 | $6,580,244 |
Grants Awarded
Over the last fiscal year, Freedom Communities has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHERMBECK CONSULTING LLC PURPOSE: PARENT ENGAGEMENT AT ASHLEY PARK SCHOOL | $20,000 |
YMCA PURPOSE: REMOTE EDUCATION | $45,000 |