Housing Works Used Book Cafe Inc
- Assets
- $5.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 26-0720507
Organization Overview
Housing Works Used Book Cafe Inc is located in Brooklyn, NY. The organization was established in 2010. 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 Used Book Cafe 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 06/2022, Housing Works Used Book Cafe Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A USED BOOKSTORE, LITERARY HUB & CONCERT VENUE LOCATED IN DOWNTOWN MANHATTAN.
Describe the Organization's Program Activity:
THE HOUSING WORKS USED BOOK CAFE, INC. SELLS DONATED USED BOOKS (IN STORE AND ONLINE) AND OPERATES A THRIVING CAFE. THE BOOKSTORE CAFE IS A HUB FOR NEW YORK'S DOWNTOWN LITERARY AND ARTS SCENE, HOSTING MORE THAN 100 READINGS, PANELS AND CONCERTS ANNUALLY. BJORK, JOHN MELLENCAMP AND JOHN MAYER ARE AMONG THE CELEBRATED MUSICIANS WHO HAVE PERFORMED THERE. THE USED BOOK CAFE IS ALSO A POPULAR EVENT SPACE AVAILABLE FOR WEDDINGS AND SPECIAL EVENTS. FOR THE YEAR ENDING JUNE 30, 2022, THE BOOKSTORE RECEIVED $1,045,349 IN DONATED MERCHANDISE WHICH IS REPORTED ON PART VIII, LINE 1(G) AND HAS NO GIFTS-IN-KIND EXPENSE IN ACCORDANCE WITH GAAP. THE BOOKSTORE IS STAFFED ALMOST ENTIRELY BY VOLUNTEERS. 100% OF THE BOOKSTORE'S PROFITS ARE REMITTED TO ITS PARENT ORGANIZATION, HOUSING WORKS, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Plambeck Chair | OfficerTrustee | 1 | $0 |
Alan Light Board Member | Trustee | 1 | $0 |
Brandon Stosuy Board Member | Trustee | 1 | $0 |
Brooks Headley Board Member | Trustee | 1 | $0 |
Caledonia Kearns Board Member | Trustee | 1 | $0 |
Glory Edim Board Member | Trustee | 1 | $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 | $1,393,589 |
| Noncash contributions included in lines 1a–1f | $1,045,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,393,589 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $226,870 |
| 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 | -$216,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,534,444 |
| 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 | $666,028 |
| Fees for services: Legal | $5,405 |
| Fees for services: Accounting | $1,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,982 |
| Advertising and promotion | $23,741 |
| Office expenses | $150,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $692,636 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,470 |
| Insurance | $11,991 |
| All other expenses | $161,028 |
| Total functional expenses | $2,017,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,007 |
| 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 | $1,049,233 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $68,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,296,182 |
| Total assets | $5,589,607 |
| Accounts payable and accrued expenses | $352,279 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,765,792 |
| Total liabilities | $8,118,071 |
| Net assets without donor restrictions | -$2,528,464 |
| 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 | $5,589,607 |