The Furniture Resource Center
- Assets
- $681.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Pontiac, MI
- Founding
- 01/1971
- Data as of
- 12/2021
- EIN
- 38-1914651
Organization Overview
The Furniture Resource Center, operating under the name Furniture Bank Of Southeastern Michigan, is located in Pontiac, MI. The organization was established in 1971. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Furniture Bank Of Southeastern Michigan employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furniture Bank Of Southeastern Michigan 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, Furniture Bank Of Southeastern Michigan generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 6.4% 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
TO PROVIDE BEDS AND FURNITURE TO CHILDREN AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FURNITURE BANK IMPROVED THE LIVES OF 1,915 METRO DETROIT FAMILIES, PROVIDING THEM WITH 16,484 ITEMS CONSERVATIVELY VALUED AT $747,364. THIS IS TWICE THE NUMBER OF FAMILIES - WHO WON'T HAVE TO SLEEP, EAT OR LIVE ON A COLD, HARD FLOOR - THAN WE SERVED JUST FIVE YEARS AGO. IN TOTAL, WE SERVED 6,183 PEOPLE - 2,739 ADULTS AND 3,444 CHILDREN - FROM WAYNE, OAKLAND AND MACOMB COUNTIES, INCLUDING 694 INFANTS, TODDLERS AND CHILDREN WHO RECEIVED BEDS, TODDLER BEDS, CRIBS AND PORTABLE CRIBS TO GET A SAFER, HEALTHIER START IN LIFE. SIXTY-SEVEN PERCENT (67%) OF THOSE WE SERVED REPORTED INCOME OF $10,000 OR LESS, AND EIGHTY-SEVEN PERCENT (87%) HAD HOUSEHOLD INCOMES OF UNDER $20,000. WE COLLECTED FURNITURE FROM THE HOMES OF 3,977 DONORS, AND ALSO PROVIDED 543 LOW-INCOME FAMILIES WITH NO- OR LOW-COST DELIVERIES IN CONJUNCTION WITH OUR NONPROFIT PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Boyle Executive Director | Officer | 45 | $74,381 |
Bruce Gleba President | OfficerTrustee | 3 | $0 |
Anita Hicks Vice President | OfficerTrustee | 0.5 | $0 |
Victor Arbulu Treasurer | OfficerTrustee | 1 | $0 |
Pamela A Branchick Secretary | OfficerTrustee | 1 | $0 |
Steven Briggs Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $126,922 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $892,914 |
| Noncash contributions included in lines 1a–1f | $625,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,039,652 |
| Total Program Service Revenue | $438,724 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,525,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $650,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,924 |
| Compensation of current officers, directors, key employees. | $19,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,390 |
| Payroll taxes | $35,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,740 |
| Advertising and promotion | $13,806 |
| Office expenses | $20,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,904 |
| 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 | $13,187 |
| Insurance | $4,019 |
| All other expenses | $0 |
| Total functional expenses | $1,454,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,014 |
| Savings and temporary cash investments | $327,589 |
| Pledges and grants receivable | $37,500 |
| Accounts receivable, net | $6,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,931 |
| Prepaid expenses and deferred charges | $7,737 |
| Net Land, buildings, and equipment | $199,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,900 |
| Total assets | $681,599 |
| Accounts payable and accrued expenses | $11,823 |
| Grants payable | $0 |
| Deferred revenue | $15,015 |
| 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 | $26,838 |
| Net assets without donor restrictions | $519,131 |
| Net assets with donor restrictions | $135,630 |
| 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 | $681,599 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Furniture Resource Center has recieved totaling $2,400.
| Awarding Organization | Amount |
|---|---|
Young Womans Home Association Of Detroit Grosse Pointe Farms, MI PURPOSE: CRIBS FOR KIDS | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A Kid Again Inc Columbus, OH | $4,676,072 | $6,585,940 |
Charitable Union Battle Creek, MI | $1,533,905 | $2,126,118 |
The Furniture Resource Center Pontiac, MI | $681,599 | $1,525,670 |
Clothes That Work Dayton, OH | $853,719 | $1,373,672 |
Center Of Hope Family Services Inc Toledo, OH | $281,129 | $1,208,489 |
Kids In Distress Services Inc Saint Clair, MI | $3,090,795 | $2,140,549 |
We Care Of Kokomo Inc Kokomo, IN | $6,878,911 | $808,489 |
Fish Of Shelby County Inc Sidney, OH | $422,562 | $250,057 |
Coats For Kids-Cleveland Independence, OH | $432,356 | $354,589 |
Old Newsboys Of Flint Flint, MI | $2,277,151 | $523,982 |
Michigan Christmas Tree Association Inc Durand, MI | $123,852 | $284,317 |
Fr Genes Help Inc West Allis, WI | $2,191,833 | $353,979 |