Bridging Az Furniture Bank
- Assets
- $182.8k
- Revenue
- $482.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Mesa, AZ
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-1207001
Organization Overview
Bridging Az Furniture Bank is located in Mesa, AZ. The organization was established in 2005. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Bridging AZ Furniture Bank employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridging AZ Furniture Bank 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 12/2022, Bridging AZ Furniture Bank generated $482.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $473.1k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT: EMPOWERING PEOPLE AND BRIDGING LIVES TOWARD SELF SUFFICIENCY. BRIDGING AZ IS THE FIRST AND LARGEST FURNITURE BANK IN ARIZONA WE PROVIDE BASIC FURNITURE AND HOUSEHOLD GOODS TO ECONOMICALLY DISADVANTAGED VETERANS, INDIVIDUALS WITH DISABILITIES LIVING IN OUR COMMUNITY. VISION STATEMENT: A COMMUNITY OF REALIZED POTENTIAL AND PERSONAL DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGING FURNITURE BANK WAS FOUNDED IN 2004. THE FURNITURE BANK COLLECTS DONATED FURNITURE AND HOUSEHOLD ITEMS TO DISTRIBUTE THROUGH SOCIAL SERVICE AGENCIES FOR THEIR CLIENTS. ALL CLIENTS RECEIVING FURNITURE OR HOUSEHOLD GOODS ARE IDENTIFIED, QUALIFIED AND FURTHER SUPPORTED BY THE REFERRING AGENCY. BRIDGING QUALIFIES THE AGENCY AND THE AGENCIES CASE MANAGERS QUALIFY THE FAMILIES. THE FURNITURE BANK IS A WELCOMING ATMOSPHERE WHERE CASE MANAGERS FROM SOCIAL SERVICE AGENCIES CAN SELECT ITEMS THEY NEED FOR THEIR CLIENTS TO START REBUILDING THEIR LIVES. IN 2022 BRIDGING AZ HELPED DELIVER FURNITURE AND SET UP OVER 200 APARTMENTS. 147 APARTMENTS FURNISHED WERE FOR CHRONICALLY HOMELESS VETERANS. NOTE: EXPENSES INCLUDE $28,509 CASH SPENT PURCHASING BEDS, FURNITURE FOR CLIENTS. PROGRAM INCOME IS GENERATED THROUGH SALES OF DONATED PRODUCT AND AGENCY FEES. VALUES OF USED IN-KIND GOODS BASED COMPARABLE SALES METHOD. VALUES OF NEW ITEMS SUPPLIED BY RETAILERS.
VETERANS FURNITURE PROJECT - MOBILE WORKSHOP, STARTED IN 2019. WE ENGAGE PREVIOUSLY HOMELESS VETERANS IN THERAPEUTIC WOODWORKING. THIS PROGRAM HAS BEEN A HUGE SUCCESS BUT WAS SUSPENDED DUE TO COVID 19. VETERANS (MANY DISABLED) TAKE A 2 HOUR CLASS ON USING EQUIPMENT (LATHES, DRILL PRESS, BAND SAW...) TO MAKE A CUSTOM WOOD PEN.
GOT LEGS FURNITURE STORE - IN 2020 WE OFFICIALLY OPENED OUR FIRST RETAIL STORE GOT LEGS FURNITURE & DÉCOR IN SCOTTSDALE AZ. STORES MISSION IS TO ENGAGE VOLUNTEERS WHILE GENERATING INCOME AND IN-FIND DONATIONS FOR THE ORGANIZATION. EXPENSES BELOW DOES NOT INCLUDE VALUE OF IN-KIND DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Piscopo Executive Director | Officer | 50 | $51,043 |
Pat Dodds Director | Trustee | 2 | $0 |
Kim Arries Chair | Officer | 2 | $0 |
Jane Gharibian Secretary | Officer | 2 | $0 |
Lindsay Estrabrook Treasurer | Officer | 2 | $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 | $411,567 |
| Noncash contributions included in lines 1a–1f | $286,333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,567 |
| Total Program Service Revenue | $77,705 |
| Investment income | $0 |
| 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 | -$8,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,509 |
| 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. | $51,043 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,430 |
| Payroll taxes | $9,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,657 |
| Advertising and promotion | $13,582 |
| Office expenses | $11,112 |
| Information technology | $2,175 |
| Royalties | $0 |
| Occupancy | $169,983 |
| Travel | $11,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,409 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,054 |
| Insurance | $730 |
| All other expenses | $0 |
| Total functional expenses | $473,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,126 |
| Prepaid expenses and deferred charges | $1,300 |
| Net Land, buildings, and equipment | $2,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $182,844 |
| Accounts payable and accrued expenses | $510 |
| 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 | $30,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $139,821 |
| Other liabilities | $0 |
| Total liabilities | $170,331 |
| Net assets without donor restrictions | $12,513 |
| 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 | $182,844 |