Housing Works Thrift Shop Inc
- Assets
- $24.9m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/1992
- Data as of
- 06/2021
- EIN
- 13-3676157
Organization Overview
Housing Works Thrift Shop Inc is located in Brooklyn, NY. The organization was established in 1992. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Works Thrift Shop 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 06/2021, Housing Works Thrift Shop Inc generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. 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
HW THRIFT SHOP, INC. OPERATES THIRTEEN THRIFT SHOPS IN NYC THAT SELL DONATED GOODS TO PROVIDE FINANCIAL SUPPORT TO HOMELESS PERSONS LIVING WITH AIDS OR HIV-RELATED ILLNESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING WORKS THRIFT SHOP, INC. OCCUPY THIRTEEN UPSCALE LOCATIONS IN NEW YORK CITY, SELLING HIGH-END VINTAGE TREASURES TO BARGAIN HUNTERS AND FASHIONISTAS ALIKE. THE THRIFT SHOPS RECEIVED APPROXIMATELY $10 MILLION IN DONATED GOODS THAT WERE ULTIMATELY SOLD IN ITS STORES. ALL FUNDS RECEIVED ARE USED TO ASSIST HOMELESS PERSONS WITH AIDS AND HIV-RELATED ILLNESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Boodro Board Member (thru 3/21) | OfficerTrustee | 1 | $0 |
Matthew Bernardo President, Executive Director | Officer | 1 | $0 |
Jolanta Ilczuk Chief Financial Officer | Officer | 1 | $0 |
Charles King President, CEO | Officer | 1 | $0 |
Cathy Torelli Board Member | Trustee | 1 | $0 |
Bruce Starr Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bcm One Inc It Operation Srvs | 6/29/18 | $170,825 |
Noor Staffing Group Llc Recruitment Srvs | 6/29/18 | $141,772 |
Mark Stephen Production Llc Production Services | 6/29/18 | $192,463 |
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 | $9,949,321 |
| Noncash contributions included in lines 1a–1f | $9,218,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,949,321 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$36,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,982,501 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,910,628 |
| Fees for services: Legal | $12,207 |
| Fees for services: Accounting | $14,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $457,483 |
| Advertising and promotion | $29,749 |
| Office expenses | $355,409 |
| Information technology | $72,578 |
| Royalties | $0 |
| Occupancy | $3,484,070 |
| Travel | $154,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $193,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,578 |
| Insurance | $102,240 |
| All other expenses | $0 |
| Total functional expenses | $10,632,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,708,647 |
| Prepaid expenses and deferred charges | $345,212 |
| Net Land, buildings, and equipment | $460,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,258,001 |
| Total assets | $24,908,354 |
| Accounts payable and accrued expenses | $560,758 |
| Grants payable | $0 |
| Deferred revenue | $16,850 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,800,214 |
| Total liabilities | $14,377,822 |
| Net assets without donor restrictions | $10,530,532 |
| Net assets with donor restrictions | $0 |
| 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 | $24,908,354 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Housing Works Thrift Shop Inc has recieved totaling $640.
| Awarding Organization | Amount |
|---|---|
Michael And Denise Mandelbaumfamily Foundation Inc Cresskill, NJ PURPOSE: CHARITY | $470 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
Community Aid Inc Mechanicsburg, PA | $17,361,650 | $17,026,124 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Good Stuff Thrift Inc Doylestown, PA | $2,101,495 | $5,010,177 |
Care & Share Shoppes Inc Souderton, PA | $2,058,352 | $4,451,061 |
Ephrata Re-Uzit Stores Ephrata, PA | $6,311,109 | $3,655,215 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Philadelphia Aids Thrift Philadelphia, PA | $1,958,783 | $1,805,972 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
The Re Uzit Shop Of New Holland Inc New Holland, PA | $2,326,308 | $1,999,699 |