Fresh Start Furniture Bank Inc
- Assets
- $492.4k
- Revenue
- $477.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Hudson, MA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-2512827
Organization Overview
Fresh Start Furniture Bank Inc is located in Hudson, MA. The organization was established in 2014. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., 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. Fresh Start Furniture Bank 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 12/2021, Fresh Start Furniture Bank Inc generated $477.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $424.0k during the year ending 12/2021. While expenses have increased by 18.1% 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
FRESH START FURNITURE BANK PROVIDES NEW AND USED DONATED FURNITURE AND HOME GOODS FOR FREE, TO PEOPLE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 FRESH START FURNITURE BANK FURNISHED 300 HOUSEHOLDS (TOTAL OF 925 INDIVIDUALS) WITH OVER 13,169 PIECES OF FURNITURE AND HOME GOODS.
OUR SWEET DREAMS MATTRESS PROGRAM DISTRIBUTED A TOTAL OF 324 MATTRESSES, BOX SPRINGS AND METAL BED FRAMES TO FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Waudby Treasurer | OfficerTrustee | 30 | $0 |
Geoffrey Schultz President | OfficerTrustee | 50 | $0 |
Robert Vanemburgh Chairman | OfficerTrustee | 20 | $0 |
David Spellman Director | Trustee | 15 | $0 |
Michael Kahn Director | Trustee | 3 | $0 |
Lysa Miller Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,230 |
| Noncash contributions included in lines 1a–1f | $193,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,416 |
| Total Program Service Revenue | $0 |
| Investment income | $628 |
| 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 | $9,490 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $254,187 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,874 |
| Compensation of current officers, directors, key employees. | $795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,555 |
| Advertising and promotion | $0 |
| Office expenses | $2,917 |
| Information technology | $4,794 |
| Royalties | $0 |
| Occupancy | $114,889 |
| 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 | $12,164 |
| Insurance | $1,431 |
| All other expenses | $0 |
| Total functional expenses | $424,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,297 |
| Savings and temporary cash investments | $458,727 |
| 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 | $600 |
| Prepaid expenses and deferred charges | $1,023 |
| Net Land, buildings, and equipment | $2,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,029 |
| Total assets | $492,423 |
| Accounts payable and accrued expenses | $1,714 |
| 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 | $0 |
| Total liabilities | $1,714 |
| Net assets without donor restrictions | $479,280 |
| Net assets with donor restrictions | $11,429 |
| 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 | $492,423 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fresh Start Furniture Bank Inc has recieved totaling $106,720.
| Awarding Organization | Amount |
|---|---|
Stephanie H And David A Spina Family Foundation Wayland, MA PURPOSE: COMMUNITY & CHARITABLE | $50,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: COMMUNITY ENRICHMENT PROGRAMS | $37,333 |
Vhf Foundation Inc Newton, MA PURPOSE: HUMANITARIAN RELIEF | $10,000 |
Rands Foundation Westwood, MA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Marlborough Brigham Family Trust Marlborough, MA PURPOSE: GENERAL DONATION TO SUPPORT THE ORGANIZATION | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
On Your Mark Inc Staten Island, NY | $13,500,002 | $23,281,200 |
Highland-Valley Elder Services Inc Florence, MA | $4,698,909 | $12,881,441 |
Yours For Children Inc Auburn, MA | $1,101,334 | $6,181,837 |
Nysarc - North Country Management Services Corporation Plattsburgh, NY | $2,039,526 | $5,594,006 |
Resources For Children With Special Needs Inc New York, NY | $3,831,747 | $5,410,220 |
New York School Of Urban Ministry Inc Long Island City, NY | $4,044,090 | $3,905,565 |
Kids Unlimited Services Inc Charlton, MA | $818,098 | $3,429,935 |
Lawyers Concerned For Lawyers Inc Boston, MA | $1,840,661 | $1,932,151 |
Childrens Center Hamden, CT | $16,528,918 | $746,234 |
Paul And Jenna Segal Family Foundation New York, NY | $20,683,944 | $6,190,686 |
Operation Hat Trick Hampton, NH | $1,425,759 | $1,951,048 |
Bloom India Development Foundation Inc Winchester, MA | $363,770 | $1,340,373 |