HomeFree-USA is a 501(c)(3) nonprofit organization headquartered in Landover, Maryland, with an additional office in Riverdale, Maryland. Founded in 1994, the organization operates as one of only 19 intermediaries approved by the U.S. Department of Housing and Urban Development. HomeFree-USA empowers individuals to become financially successful homeowners through education, counseling, and financial preparation programs. The organization also acquires, rehabilitates, and sells or rents foreclosed properties through its Project Rebound Program. The organization operates a nationwide network of ethnically and culturally diverse nonprofit affiliate partners representing the interests of 4.3 million homeowners and homebuyers.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
+166.2% YoY
Annual Giving
$2.3M
-69.3% YoY
Grant Count
42
-2.3% YoY
Avg Grant Size
$56K
-68.6% YoY
Mission & Focus Areas
Mission: To expand equitable access to sustainable homeownership and financial stability for low-to-moderate income households and underserved communities by strengthening nonprofit capacity, advancing housing and financial education, and building pathways to economic mobility.
Primary Focus Areas:
- Homeownership Programming — Comprehensive pathways including interactive homebuying workshops, one-on-one HUD-approved housing counseling, and targeted credit education to prepare mortgage-ready clients
- Housing Assistance — Mortgage and rental assistance programs, including HUD Housing Assistance administered through the affiliate network
- Financial Education — Development of knowledge, skills, and practices necessary for economic strength and homeowner success
- Cobb County Program — Provides mortgage and rental assistance to families who have fallen behind on payments
- CalHFA Program — Housing assistance to help potential homeowners acquire and maintain homes
- Small Business Capacity Building — Funding opportunities, training, and capacity building for nonprofits within the HomeFree-USA Affiliate Network
- Developer Support — Programs such as the "Develop the Developer Academy" to equip emerging real estate developers from underrepresented backgrounds with tools to scale businesses and secure financing
Grantmaking
HomeFree-USA functions as a grantmaking intermediary and capacity-building organization for its affiliate network of nonprofits. The organization provides funding opportunities and training to strengthen partner organizations' ability to serve hard-to-access clients.
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Geographic Focus
Where this funder awards grants
HomeFree-USA operates nationwide through its HUD-approved intermediary network. Specific program activity has been documented in:
- Maryland (Baltimore area and Prince George's County)
- Cobb County (Georgia)
- California (CalHFA program)
- National reach through affiliate organizations
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2023:
- Total Revenues: $17,217,361
- Total Expenses: $17,465,119
- Total Assets: $4,583,341
- Total Liabilities: $1,630,000
- Staff: 52 employees
Organizational Rating:
HomeFree-USA holds a Three-Star rating with a 78% overall score, reflecting strong performance in accountability and financial management.
Audit Findings:
The organization's 2023 independent audit identified a significant deficiency in internal controls related to financial tracking and reporting capabilities, though this was characterized as less severe than a material weakness.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,198,740 | $4,583,341 | $7,003,294 |
| Revenue | $11,298,683 | $17,217,361 | $34,679,494 |
| Expenses | $11,024,321 | $17,465,119 | $33,371,977 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-67,795 | $-153,979 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
195 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Marcia Griffin — President & CEO
- Milan Griffin — Chief Operating Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marcia Griffin | President & CEO | 40 | $374,328 |
| James Griffin | Executive Vice President | 40 | $281,410 |
| Milan Griffin | Vice President | 40 | $128,660 |
| Quentin Cantlo | SVP Chief Information Officer | 40 | $126,151 |
| Gwendolyn Garnett | Exec. VP & Manager CFA | 40 | $121,342 |
| Alfreda Williams | Director Homeownership | 40 | $107,741 |
| Simone Griffin | EVP Manag. Director Affiliate Network | 40 | $106,600 |
| Elena Robinson | IT Manager | 40 | $101,178 |
| Jared Magoon | IT Development Officer | 40 | $97,144 |
| Luwanna Williams | CFA University Director | 40 | $87,177 |
| Frank Sims | Board Member | 2 | — |
| Megan Moore | Board of Directors | 2 | — |
| Joseph Ohayon | Board of Directors | 2 | — |
| William Lewis | Board of Directors | 2 | — |
| Efe Aghimien | Board of Directors | 2 | — |
| Paul Koches | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
**2025:**
**Experian CreditCenter Launch (June 2025)** — HomeFree-USA unveiled a free credit and financial insights tool in partnership with Experian and FICO, available to 5,000 potential U.S. homebuyers. The tool provides access to FICO Score Tracker, FICO Score Planner, FICO Score Simulator, Experian Credit Reports, and related resources.
HomeFree-USA Unveils Experian\xAE CreditCenter\u2122 to help Homebuyers**Develop the Developer Academy (November 2025)** — In partnership with Freddie Mac and Grow America, HomeFree-USA launched a five-day intensive training program for emerging real estate developers from underrepresented backgrounds in Baltimore and Prince George's County, Maryland. The program aims to help developers take advantage of tax incentives under the One Big Beautiful Bill Act, which offers up to 12.5% tax breaks for building in low-income areas.
HomeFree-USA Leaders Academy, Supported by Wells Fargo**2025 Annual Recognition Awards** — HomeFree-USA Center for Financial Advancement announced annual recognition award honorees.
HomeFree-USA Unveils Experian\xAE CreditCenter\u2122 to help Homebuyers**2020:**
**Wells Fargo Foundation Partnership** — Received $750,000 grant to expand housing counseling capacity and support housing stability initiatives in response to COVID-19 pandemic.
HomeFree-USA Leaders Academy, Supported by Wells FargoSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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