Household Goods Inc
- Assets
- $5.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Acton, MA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 04-3468139
Organization Overview
Household Goods Inc is located in Acton, MA. The organization was established in 1999. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Household Goods Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Household Goods 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 12/2021, Household Goods Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT DONATED HOUSEHOLD ITEMS AND MAKE THOSE GOODS AVAILABLE TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSEHOLD GOODS OPERATES AS A NON-PROFIT ORGANIZATION BASED IN ACTON, MASSACHUSETTS. THE ORGANIZATION PROVIDES A FULL RANGE OF DONATED FURNITURE AND HOUSEHOLD GOODS, FREE OF CHARGE, TO HELP PEOPLE IN NEED MAKE A HOME. VOLUNTEERS RECEIVE, PROCESS AND DISTRIBUTE FURNITURE AND HOUSEHOLD ITEMS TO INDIVIDUALS AND FAMILIES IN NEED IN MASSACHUSETTS WHO HAVE BEEN REFERRED BY A SOCIAL SERVICE AGENCY. AS AN ORGANIZATION STAFFED BY VOLUNTEERS AND COORDINATED BY FIVE PAID EMPLOYEES, HOUSEHOLD GOODS, INC. DEPENDS ON THE GENEROSITY OF THE COMMUNITY FOR GOODS, TIME, AND FINANCIAL SUPPORT. IN 2021 OVER 511 VOLUNTEERS FURNISHED LIVING SPACES FOR 7,000 CHILDREN AND ADULTS REFERRED FROM 300 SOCIAL SERVICE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Martens Executive Director | OfficerTrustee | 40 | $97,000 |
Priscilla Gannon Treasurer | OfficerTrustee | 12.5 | $0 |
John Fallon Clerk | OfficerTrustee | 13.65 | $0 |
Cathy Leach Waters Vice President | OfficerTrustee | 1.23 | $0 |
Barbara Howland President | OfficerTrustee | 9.43 | $0 |
Audrey Trieschman Director | Trustee | 1.09 | $0 |
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 | $3,628,709 |
| Noncash contributions included in lines 1a–1f | $2,056,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,628,709 |
| Total Program Service Revenue | $11,578 |
| Investment income | $563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,641,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,277,249 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,489 |
| Compensation of current officers, directors, key employees. | $9,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,539 |
| Advertising and promotion | $0 |
| Office expenses | $90,029 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,374 |
| Travel | $2,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,226 |
| Insurance | $22,137 |
| All other expenses | $0 |
| Total functional expenses | $3,018,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,994 |
| Savings and temporary cash investments | $1,271,930 |
| Pledges and grants receivable | $146,235 |
| Accounts receivable, net | $270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $174,902 |
| Prepaid expenses and deferred charges | $49,177 |
| Net Land, buildings, and equipment | $3,314,941 |
| Investments—publicly traded securities | $151,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,119,123 |
| Accounts payable and accrued expenses | $110,370 |
| 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 | $799,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $909,826 |
| Net assets without donor restrictions | $3,893,641 |
| Net assets with donor restrictions | $315,656 |
| 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 | $5,119,123 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Household Goods Inc has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $2,500 |
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $1,000 |
John E Rosenthal Charitable Trust Beverly, MA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springfield Rescue Mission Inc Springfield, MA | $3,518,136 | $17,540,773 |
Good Plus Foundation Inc New York, NY | $6,013,741 | $13,844,054 |
Ocean State Job Lot Charitable Foundation North Kingstown, RI | $5,018,116 | $7,935,020 |
Greg Hill Foundation Woburn, MA | $6,630,527 | $13,875,487 |
Caties Closet Inc Dracut, MA | $4,577,081 | $8,342,538 |
My Brothers Keeper Inc South Easton, MA | $7,204,366 | $7,147,768 |
Afya Foundation Inc Yonkers, NY | $5,777,434 | $5,238,210 |
Friendly House Inc Worcester, MA | $3,296,125 | $6,043,839 |
Rhode Island Rescue Ministries Providence, RI | $741,664 | $4,494,936 |
National Basketball Players Assoc Foundation New York, NY | $40,266,235 | $3,599,833 |
Bridge Fund Of New York Inc New York, NY | $5,307,792 | $4,504,357 |
Blue Card Inc New York, NY | $3,666,772 | $3,534,542 |