Chicago Furniture Bank Inc
- Assets
- $4.2m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Chicago, IL
- Founding
- 03/2019
- Data as of
- 06/2021
- EIN
- 83-1214857
Organization Overview
Chicago Furniture Bank Inc is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 06/2021, Chicago Furniture Bank Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago 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 06/2021, Chicago Furniture Bank Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $5.7m during the year ending 06/2021. While expenses have increased by 57.4% per year over the past 3 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
THE CHICAGO FURNITURE BANK'S MISSION IS TO PROVIDE DIGNITY, STABILITY, AND COMFORT TO CHICAGOANS MOVING INTO SUPPORTIVE HOUSING BY ALLOWING THEM TO HAND-PICK AN ENTIRE HOME'S WORTH OF FURNISHINGS. THE CHICAGO FURNITURE BANK OWNS A SINGLE MEMBER LLC, THE HONEST JUNK COMPANY, WHO PROVIDES RESIDENTIAL CLEAN OUTS AND COMMERCIAL JUNK REMOVAL. ALL ITEMS COLLECTED IN GOOD CONDITION ARE DONATED AND ALL PROCEEDS ARE USED TO SUPPORT THE CHICAGO FURNITURE BANK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHICAGO FURNITURE BANK'S FURNITURE PROGRAM COLLECTS DONATED FURNITURE FROM ALL OVER CHICAGO AND BRINGS IT TO ITS WAREHOUSE TO DISTRIBUTE TO FAMILIES AND INDIVIDUALS LEAVING HOMELESSNESS/SHELTERS AND MOVING INTO STABILIZED HOUSING.THE CFB HAS PARTNERED WITH OVER 250 SOCIAL SERVICE AGENCIES THAT PRIMARILY SERVE VICTIMS OF DOMESTIC VIOLENCE, THE FORMERLY HOMELESS, VETERANS, AND THOSE FACING OTHER CRISES.PARTNER AGENCIES ARE ABLE TO MAKE APPOINTMENTS FOR CLIENTS TO COME IN AND PERSONALLY HAND PICK THEIR FURNITURE.THE CHICAGO FURNITURE BANK LOOKS TO THE COMMUNITIES IT SERVES IN THE WEST AND SOUTH SIDE OF CHICAGO IN ORDER TO STAFF THE PROGRAM. MORE THAN 50% OF STAFF WORK THROUGH OR HAVE BEEN HIRED FROM LOCAL WORKFORCEDEVELOPMENT AGENCIES IN CHICAGO.
THE HONEST JUNK COMPANY PROVIDES RESIDENTIAL CLEAN OUTS, COMMERCIAL JUNK REMOVAL, AND DONATION PICK UPS FROM AROUND CHICAGO AND SURROUNDING AREA. ALL ITEMS COLLECTED AT A PICKUP THAT ARE IN GOOD CONDITION ARE DONATED TO PARTNERED NONPROFITS. IN ADDITION, ALL PROCEEDS ARE USED TO SUPPORT THE CHICAGO FURNITURE BANK.
THE CHICAGO FURNITURE BANK'S FURNITURE PROGRAM COLLECTS DONATED FURNITURE FROM ALL OVER CHICAGO AND BRINGS IT TO ITS WAREHOUSE TO DISTRIBUTE TO FAMILIES AND INDIVIDUALS LEAVING HOMELESSNESS/SHELTERS AND MOVING INTO STABILIZED HOUSING.THE CFB HAS PARTNERED WITH OVER 250 SOCIAL SERVICE AGENCIES THAT PRIMARILY SERVE VICTIMS OF DOMESTIC VIOLENCE, THE FORMERLY HOMELESS, VETERANS, AND THOSE FACING OTHER CRISES.PARTNER AGENCIES ARE ABLE TO MAKE APPOINTMENTS FOR CLIENTS TO COME IN AND PERSONALLY HAND PICK THEIR FURNITURE.THE CHICAGO FURNITURE BANK LOOKS TO THE COMMUNITIES IT SERVES IN THE WEST AND SOUTH SIDE OF CHICAGO IN ORDER TO STAFF THE PROGRAM. MORE THAN 50% OF STAFF WORK THROUGH OR HAVE BEEN HIRED FROM LOCAL WORKFORCEDEVELOPMENT AGENCIES IN CHICAGO.
THE HONEST JUNK COMPANY PROVIDES RESIDENTIAL CLEAN OUTS, COMMERCIAL JUNK REMOVAL, AND DONATION PICK UPS FROM AROUND CHICAGO AND SURROUNDING AREA. ALL ITEMS COLLECTED AT A PICKUP THAT ARE IN GOOD CONDITION ARE DONATED TO PARTNERED NONPROFITS. IN ADDITION, ALL PROCEEDS ARE USED TO SUPPORT THE CHICAGO FURNITURE BANK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Griffin Amdur President | OfficerTrustee | 45 | $99,077 |
Andrew Witherspoon Treasurer | OfficerTrustee | 45 | $99,077 |
James Mcphail Secretary | OfficerTrustee | 1 | $0 |
Jim Mabie Board Of Directors | Trustee | 1 | $0 |
Lynn Jerath Board Of Directors | Trustee | 1 | $0 |
Mason Awtry Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,964,402 |
| Noncash contributions included in lines 1a–1f | $3,537,210 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,077,102 |
| Total Program Service Revenue | $1,698,788 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,011 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,823,901 |
| 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 | $632,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,207 |
| Payroll taxes | $56,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $288,079 |
| Fees for services: Accounting | $17,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,853 |
| Advertising and promotion | $27,702 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,249 |
| Insurance | $44,654 |
| All other expenses | $224,256 |
| Total functional expenses | $5,694,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,630,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $622,305 |
| Prepaid expenses and deferred charges | $6,019 |
| Net Land, buildings, and equipment | $1,762,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,905 |
| Total assets | $4,198,402 |
| Accounts payable and accrued expenses | $69,157 |
| 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 | $1,431,790 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $257,875 |
| Total liabilities | $1,958,822 |
| Net assets without donor restrictions | $1,372,520 |
| Net assets with donor restrictions | $867,060 |
| 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 | $4,198,402 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Chicago Furniture Bank Inc has recieved totaling $425,752.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $239,470 |
Impact Grants Chicago Chicago, IL | | $100,000 |
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $36,000 |
Chicago Foundation For Women Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Givenkind Gurnee, IL PURPOSE: TO ASSIST THOSE IN NEED | $12,664 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $10,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avery Coonley School Downers Grove, IL | $18,999,451 | $10,214,610 |
Chicago Furniture Bank Inc Chicago, IL | $4,198,402 | $6,823,901 |
Project Rescue Foundation Springfield, MO | $4,016,610 | $3,399,257 |
Successlink Inc Waterloo, IA | $1,100,580 | $1,981,543 |
Peoples Community Action Corporation Saint Louis, MO | $434,410 | $2,462,930 |
Affordable Recovery Housing Blue Island, IL | $86,238 | $1,624,403 |
Family Interventions Inc Crawfordsville, IN | $325,054 | $1,158,179 |
Hope Honoring Opportunities For Personal Empowerment West Des Moines, IA | $413,285 | $1,227,796 |
Community Services Of Northern Kentucky Inc Florence, KY | $2,096,196 | $1,966,474 |
Turning Point Soc Kokomo, IN | $4,417,046 | $5,043,066 |
Central Connections Inc Jefferson City, MO | $1,210,367 | $1,096,605 |
The Seton Cove St Louis, MO | $149,427 | $881,949 |