New Life Furniture Inc
- Assets
- $944.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Cincinnati, OH
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-2703774
Organization Overview
New Life Furniture Inc, operating under the name New Life Furniture, is located in Cincinnati, OH. The organization was established in 2009. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2021, New Life Furniture employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Furniture 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, New Life Furniture generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $982.0k during the year ending 12/2021. While expenses have increased by 20.9% 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
A MINISTRY THAT FOCUSES ON COLLECTING GENTLY USED FURNITURE AND DELIVERING TO FAMILIES AND INDIVIDUALS IN NEED THROUGHOUT THE GREATER CINCINNATI AREA. OUR VISION IS TO SPREAD GOD'S LOVE BY SHOWING FAMILIES THAT THEY ARE CARED FOR AND MAKING THEIR HOMES A MORE COMFORTABLE PLACE TO LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND DISTRIBUTION OF LIGHTLY USED FURNITURE TO INDIVIUDALS AND FAMILIES THROUGHOUT THE GREATER CINCINNATI AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Saxton Executive Director | Officer | 40 | $83,241 |
Don Lane President | OfficerTrustee | 2 | $0 |
Michael Menichetti Treasurer | OfficerTrustee | 2 | $0 |
Marge Putman Vice-President | OfficerTrustee | 2 | $0 |
Kristen Elia Secretary | OfficerTrustee | 2 | $0 |
Charley Pittinger Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $620,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $776,272 |
| Total Program Service Revenue | $484,360 |
| Investment income | $503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,355,616 |
| 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. | $83,241 |
| Compensation of current officers, directors, key employees. | $4,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,241 |
| Advertising and promotion | $17,191 |
| Office expenses | $5,022 |
| Information technology | $13,170 |
| Royalties | $0 |
| Occupancy | $89,562 |
| Travel | $747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,704 |
| Insurance | $19,698 |
| All other expenses | $67,894 |
| Total functional expenses | $982,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,840 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $68,505 |
| Investments—publicly traded securities | $7,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $944,819 |
| Accounts payable and accrued expenses | $16,726 |
| Grants payable | $0 |
| Deferred revenue | $33,993 |
| 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 | $149,900 |
| Total liabilities | $200,619 |
| Net assets without donor restrictions | $587,540 |
| Net assets with donor restrictions | $156,660 |
| 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 | $944,819 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that New Life Furniture Inc has recieved totaling $161,712.
| Awarding Organization | Amount |
|---|---|
Trust Estate Of George B Riley Terrace Park, OH PURPOSE: NEEDY FAMILIES | $45,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $28,100 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $20,350 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Spaulding Foundation Cincinnati, OH PURPOSE: OPERATING FUNDS TO FURNISH 50 HOMES FOR INDIVIDUALS AND FAMILIES TRANSITIONING OUT OF HOMELESSNESS | $15,000 |
Andrew Jergens Foundation Cincinnati, OH PURPOSE: IMPROVING THE LIVING | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Points For Children Philadelphia, PA | $49,075,504 | $61,666,968 |
Wesley Family Services Pittsburgh, PA | $21,969,339 | $57,226,294 |
Lutheran Homes Society Inc Toledo, OH | $40,056,838 | $54,580,656 |
Starfish Family Services Inc Inkster, MI | $15,933,160 | $46,429,457 |
Family Design Resources Inc Harrisburg, PA | $4,656,695 | $25,423,383 |
Bethany Christian Services Inc Grand Rapids, MI | $68,418,371 | $21,710,387 |
Family Service Of Montgomery County Pa Eagleville, PA | $9,146,267 | $22,707,585 |
Holy Family Institute Pittsburgh, PA | $17,575,191 | $23,440,748 |
Jewish Family Service West Bloomfield, MI | $22,562,152 | $20,219,121 |
Pai Corporation Lancaster, PA | $12,679,762 | $21,317,608 |
Burlington United Methodist Family Services Inc Burlington, WV | $36,434,760 | $22,163,964 |
Arbor Circle Corporation Grand Rapids, MI | $11,236,854 | $17,704,356 |