CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEDOM COMMUNITIES, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 59% operating margin.
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 AND COMMUNITY-BASED APPROACH TO DRIVE UPWARD MOBILITY AND FAMILY STABILITY FOR SINGLE MOTHERS AND THEIR...
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 11 COHORTS OF THE PROGRAM AND GRADUATED 9, IMPACTING 503 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...
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...
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. IN AUGUST 2024, WE LAUNCHED THE FREEDOM BUSINESS COLLECTIVE, A SMALL BUSINESS HUB PROVIDING AFFORDABLE OFFICE SPACE, NETWORKING EVENTS, AND EDUCATION/TRAINING TO SMALL BUSINESS OWNERS ON CHARLOTTE'S WEST SIDE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,056,122 | $2,437,047 | +1.1% |
| Expenses | $2,097,269 | $1,909,714 | +0.1% |
| Net Income | $2,958,853 | $527,333 | +4.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HANNAH BEAVERS | EXECUTIVE DI | 40.00 |
Officer
|
$146,856 | $0 | $146,856 |
| SUZANNE HUNT | DIRECTOR | 5.00 |
Director
|
$33,667 | $0 | $33,667 |
| RODNEY ADAMS | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH COOPER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID DOCUSEN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| CLAIRE MAGEE FERGUSON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE HEWLETT-WYNN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DOUG IRMSCHER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| SHAWN KENNEDY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MARK LINSZ | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRANDY MILAZZO | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| EVELYN MINTER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JOHN PARKER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| TIM SITTEMA | BOARD CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,056,122 | $2,097,269 | $8,797,859 | $2,958,853 |
| 2023 | $2,437,047 | $1,909,714 | $6,580,244 | $527,333 |
| 2022 | $2,615,175 | $1,498,660 | $5,776,301 | $1,116,515 |
| 2021 | $1,525,905 | $937,228 | $2,843,909 | $588,677 |
| 2020 | $1,173,061 | $617,339 | $1,682,010 | $555,722 |
| 2018 | $444,880 | $478,681 | $36,631 | $-33,801 |
Compare FREEDOM COMMUNITIES with other nonprofits in North Carolina and across the country.