Furniture Sharehouse Inc
- Assets
- $592.1k
- Revenue
- $664.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Larchmont, NY
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 33-1137455
Organization Overview
Furniture Sharehouse Inc is located in Larchmont, NY. The organization was established in 2006. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Furniture Sharehouse 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, Furniture Sharehouse Inc generated $664.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $608.5k during the year ending 06/2022. 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
PROVIDE GENTLY USED FURNITURE FREE OF CHARGE DIRECTLY TO FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ONLY ONE PROGRAM - COLLECTING DONATIONS OF USED FURNITURE AND REDISTRIBUTING IT TO FAMILIES IN NEED IN WESTCHESTER COUNTY, NEW YORK. IN FY2022, WE FURNISHED 367 HOUSEHOLDS.IN APRIL 2022, WE CELEBRATED OUR 15TH YEAR OF FURNISHING FAMILIES IN NEED WITH AN EVENT AT THE WAREHOUSE ATTENDED BY STATE AND LOCAL ELECTED OFFICIALS, EDS AND REPRESENTATIVES OF OUR 35+ MEMBER AGENCIES AND MAJOR SUPPORTERS. WE ALSO HELD A SUCCESSFUL FURNITURE DRIVE IN A NEW AREA OF THE COUNTY, INCREASING OUR VISIBILITY. WE RECEIVED SEVERAL SIGNIFICANT FURNITURE DONATIONS, INCLUDING 50+ QUEEN/FULL MATTRESS SETS FROM A LOCAL HOTEL THAT WAS CLOSING DOWN, AND TABLES AND CHAIRS FROM A LOCAL COUNTRY CLUB.WE CONTINUED TO ATTRACT NEW VOLUNTEERS, NEW MEMBER AGENCIES AND NEW FINANCIAL SUPPORTERS, AND CONTINUED TO FURNISH FAMILIES WITH REMOTE APPOINTMENTS WAITING FOR COVID CONCERNS TO ABATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine A Bialo President/executive Direct | OfficerTrustee | 25 | $0 |
Kenneth M Bialo Secretary | OfficerTrustee | 1 | $0 |
Patricia Brown Treasurer | OfficerTrustee | 1 | $0 |
Meg Callaci Director | Trustee | 1 | $0 |
Chris Eifler Director | Trustee | 1 | $0 |
Linda Ellis Director | 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 | $639,561 |
| Noncash contributions included in lines 1a–1f | $321,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,561 |
| Total Program Service Revenue | $12,295 |
| Investment income | $880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,918 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $377,530 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,615 |
| Advertising and promotion | $300 |
| Office expenses | $3,108 |
| Information technology | $25,945 |
| Royalties | $0 |
| Occupancy | $19,998 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,161 |
| Insurance | $11,866 |
| All other expenses | $1,900 |
| Total functional expenses | $608,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,673 |
| Savings and temporary cash investments | $485,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,839 |
| Prepaid expenses and deferred charges | $4,640 |
| Net Land, buildings, and equipment | $13,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,080 |
| Accounts payable and accrued expenses | $280 |
| Grants payable | $0 |
| Deferred revenue | $7,800 |
| 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 | $0 |
| Total liabilities | $8,080 |
| Net assets without donor restrictions | $478,407 |
| Net assets with donor restrictions | $105,593 |
| 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 | $592,080 |