Civic Intelligence

Freedom First Reia Ltd

990EZ • Fiscal year 2022 • EIN 26-2761904

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 24, 2023

1900 Empire Blvd Ste 197Webster, NY 14580

(585) 230-6726

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.24x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • NTEE S41 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.11x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • NTEE S41 • <$500k nonprofits • Source year 2022

Net Margin

13th percentile

-32%

Higher net margin than 13% of similar nonprofits.

2022 filings • NTEE S41 • <$500k nonprofits • Source year 2022

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE S41 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-31%

Faster asset growth than 13% of similar nonprofits.

2022 filings • NTEE S41 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

40th percentile

3.5%

Faster revenue growth than 40% of similar nonprofits.

2022 filings • NTEE S41 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$27,167

Down $11,950 (-31%) from 2021

Net Assets

Down

$20,639

Down $18,478 (-47%) from 2021

Liabilities

Up

$6,528

Up $6,528 from 2021

Revenue

Up

$57,531

Up $1,936 (+3.5%) from 2021

Expenses

Up

$76,009

Up $4,938 (+6.9%) from 2021

Net Income

Down

-$18,478

Down $3,002 (-19%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2010: $1,491Liabilities 2010: $1,167Net Assets 2010: $3242010Assets 2012: $7,329Liabilities 2012: $1,167Net Assets 2012: $6,1622012Assets 2013: $42,082Liabilities 2013: $1,167Net Assets 2013: $40,9152013Assets 2014: $8,972Liabilities 2014: $1,167Net Assets 2014: $7,8052014Assets 2015: $17,006Liabilities 2015: $1,167Net Assets 2015: $15,8392015Assets 2016: $26,863Liabilities 2016: $1,167Net Assets 2016: $25,6962016Assets 2017: $22,528Liabilities 2017: $0Net Assets 2017: $22,5282017Assets 2018: $46,593Liabilities 2018: $400Net Assets 2018: $46,1932018Assets 2019: $54,082Liabilities 2019: $0Net Assets 2019: $54,0822019Assets 2020: $54,593Liabilities 2020: $0Net Assets 2020: $54,5932020Assets 2021: $39,117Liabilities 2021: $0Net Assets 2021: $39,1172021Assets 2022: $27,167Liabilities 2022: $6,528Net Assets 2022: $20,6392022Assets 2023: $46,751Liabilities 2023: $5,776Net Assets 2023: $40,9752023Assets 2024: $42,317Liabilities 2024: $636Net Assets 2024: $41,6812024

Highlighted filing

2022

Assets$27,167
Liabilities$6,528
Net Assets$20,639

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2010: $8,540Expenses 2010: $8,643Net Income 2010: -$1032010Revenue 2012: $14,500Expenses 2012: $23,330Net Income 2012: -$8,8302012Revenue 2013: $58,019Expenses 2013: $23,266Net Income 2013: $34,7532013Revenue 2014: $23,354Expenses 2014: $18,964Net Income 2014: $4,3902014Revenue 2015: $31,235Expenses 2015: $23,201Net Income 2015: $8,0342015Revenue 2016: $38,338Expenses 2016: $28,481Net Income 2016: $9,8572016Revenue 2017: $34,912Expenses 2017: $38,080Net Income 2017: -$3,1682017Revenue 2018: $61,208Expenses 2018: $37,543Net Income 2018: $23,6652018Revenue 2019: $83,823Expenses 2019: $75,934Net Income 2019: $7,8892019Revenue 2020: $56,493Expenses 2020: $55,982Net Income 2020: $5112020Revenue 2021: $55,595Expenses 2021: $71,071Net Income 2021: -$15,4762021Revenue 2022: $57,531Expenses 2022: $76,009Net Income 2022: -$18,4782022Revenue 2023: $86,057Expenses 2023: $65,721Net Income 2023: $20,3362023Revenue 2024: $85,853Expenses 2024: $85,147Net Income 2024: $7062024

Highlighted filing

2022

Revenue$57,531
Expenses$76,009
Net Income-$18,478
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 24, 2023
Return Version
2022v5.0
Gross Receipts
$57,531
Mission and Program Overview

Mission

Freedom first reia provides a venue for both new and experienced real estate investors to come together, network and learn about the latest trends and techniques from experienced investors. Professional real estate trainers and mentors will educate and lead people through various aspects and techniques of real estate investing, financing, asset protection, development and many other investing tools.

Program Services

DescriptionGrantsExpenses
PROVIDE NETWORKING AND SEMINARS TO STIMULATE, FOSTER AND ENCOURAGE THE ADVANCEMENT OF AN INTERDISCIPLINARY, PROFESSIONAL APPROACH TO THE PLANNING, DESIGN, OPERATION OF REAL ESTATE INVESTMENT AND RELATED SYSTEMS TO MEET THE NEEDS OF PUBLIC AND PRIVATE ORGANIZATION.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH MCGUIREVice President-$0--
LEON GRIGGSPresident-$0--
LEAH GRIGGS PAULY ESQDirector-$0--
BETH GALAGHERDirector-$0--
ROBERT TAYLORDirector-$0--
MARLENE SCHOFIELDTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Freedom First Reia Ltd
EIN
26-2761904
Phone
5852306726
Address
1900 EMPIRE BLVD STE 197, WEBSTER, NY 14580

Signing Officer

Name
Leon Griggs
Title
Officer/director
Phone
5854553352
Signed
2023-04-24
Discuss with paid preparer
Yes

Preparer

Firm
Sardone Robinson & Associates Llp
Address
115 METRO PARK, ROCHESTER, NY 14623
Preparer
Christopher M Sardone
Phone
5852328550
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: national reia revenue share. Amount: 29913. Description: bank interest. Amount: 38. Total to form 990-ez, line 8: 29951.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: dues and subscriptions. Amount: 6026. Description: marketing. Amount: 18471. Description: office supplies. Amount: 7316. Description: conferences and meetings. Amount: 17383. Description: credit card fees. Amount: 1926. Description: bank fees. Amount: 156. Description: insurance. Amount: 1272. Description: travel. Amount: 2599. Description: software and apps. Amount: 4500. Description: donations. Amount: 500. Description: interest expense. Amount: 7. Total to form 990-ez, line 16: 60156.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: credit cards. Beg. Of year amount: 0. End of year amount: 6528.

Raw XML Appendix133 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARLENE SCHOFIELD
IRS990EZ/BooksInCareOfDetail/PhoneNum05852306726
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01900 EMPIRE BLVD STE 197
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WEBSTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd014580
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IRS990EZ/ExcessOrDeficitForYearAmt0-18478
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt014762
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrossReceiptsAmt057531
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt027580
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt039117
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt039117
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOSEPH MCGUIRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LEON GRIGGS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LEAH GRIGGS PAULY ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BETH GALAGHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ROBERT TAYLOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MARLENE SCHOFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt060156
IRS990EZ/OtherRevenueTotalAmt029951
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0FREEDOM FIRST REIA PROVIDES A VENUE FOR BOTH NEW AND EXPERIENCED REAL ESTATE INVESTORS TO COME TOGETHER, NETWORK AND LEARN ABOUT THE LATEST TRENDS AND TECHNIQUES FROM EXPERIENCED INVESTORS. PROFESSIONAL REAL ESTATE TRAINERS AND MENTORS WILL EDUCATE AND LEAD PEOPLE THROUGH VARIOUS ASPECTS AND TECHNIQUES OF REAL ESTATE INVESTING, FINANCING, ASSET PROTECTION, DEVELOPMENT AND MANY OTHER INVESTING TOOLS.
IRS990EZ/PrintingPublicationsPostageAmt0382
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE NETWORKING AND SEMINARS TO STIMULATE, FOSTER AND ENCOURAGE THE ADVANCEMENT OF AN INTERDISCIPLINARY, PROFESSIONAL APPROACH TO THE PLANNING, DESIGN, OPERATION OF REAL ESTATE INVESTMENT AND RELATED SYSTEMS TO MEET THE NEEDS OF PUBLIC AND PRIVATE ORGANIZATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06528
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt076009
IRS990EZ/TotalRevenueAmt057531
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FFREIA.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: NATIONAL REIA REVENUE SHARE. AMOUNT: 29913. DESCRIPTION: BANK INTEREST. AMOUNT: 38. TOTAL TO FORM 990-EZ, LINE 8: 29951.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 6026. DESCRIPTION: MARKETING. AMOUNT: 18471. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 7316. DESCRIPTION: CONFERENCES AND MEETINGS. AMOUNT: 17383. DESCRIPTION: CREDIT CARD FEES. AMOUNT: 1926. DESCRIPTION: BANK FEES. AMOUNT: 156. DESCRIPTION: INSURANCE. AMOUNT: 1272. DESCRIPTION: TRAVEL. AMOUNT: 2599. DESCRIPTION: SOFTWARE AND APPS. AMOUNT: 4500. DESCRIPTION: DONATIONS. AMOUNT: 500. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 7. TOTAL TO FORM 990-EZ, LINE 16: 60156.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: CREDIT CARDS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6528.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEON GRIGGS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05854553352
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEDOM FIRST REIA LTD
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0262761904
ReturnHeader/Filer/PhoneNum05852306726
ReturnHeader/Filer/USAddress/AddressLine1Txt01900 EMPIRE BLVD STE 197
ReturnHeader/Filer/USAddress/CityNm0WEBSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014580
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161587614
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SARDONE ROBINSON & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0115 METRO PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014623
ReturnHeader/PreparerPersonGrp/PhoneNum05852328550
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER M SARDONE
ReturnHeader/ReturnTs02023-05-16T08:50:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRIGGS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.3$0.64$41.7$85.9$85.1$0.71
2023Detailed filing. Detailed filing data is available for this year.$46.8$5.78$41.0$86.1$65.7$20.3
2022Detailed filing. Detailed filing data is available for this year.$27.2$6.53$20.6$57.5$76.0$18.5
2021Detailed filing. Detailed filing data is available for this year.$39.1$0.00$39.1$55.6$71.1$15.5
2020Detailed filing. Detailed filing data is available for this year.$54.6$0.00$54.6$56.5$56.0$0.51
2019Detailed filing. Detailed filing data is available for this year.$54.1$0.00$54.1$83.8$75.9$7.89
2018Detailed filing. Detailed filing data is available for this year.$46.6$0.40$46.2$61.2$37.5$23.7
2017Detailed filing. Detailed filing data is available for this year.$22.5$0.00$22.5$34.9$38.1$3.17
2016Detailed filing. Detailed filing data is available for this year.$26.9$1.17$25.7$38.3$28.5$9.86
2015Detailed filing. Detailed filing data is available for this year.$17.0$1.17$15.8$31.2$23.2$8.03
2014Detailed filing. Detailed filing data is available for this year.$8.97$1.17$7.81$23.4$19.0$4.39
2013Detailed filing. Detailed filing data is available for this year.$42.1$1.17$40.9$58.0$23.3$34.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.33$1.17$6.16$14.5$23.3$8.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.17$0.32$8.54$8.64$0.10