Furniture Sharehouse Inc
- Assets
- $537.1k
- Revenue
- $422.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Larchmont, NY
- Founding
- 06/2006
- Data as of
- 06/2021
- 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 06/2021, Furniture Sharehouse Inc generated $422.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $375.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. 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
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. WE WERE OPEN WITH LIMITED OPERATIONS DUE TO STRICT COVID PROTOCOLS IN PLACE DURING THE FISCAL YEAR. INSTEAD OF IN-PERSON CLIENT APPOINTMENTS TO SELECT FURNITURE, VOLUNTEERS CONSULTED WITH THE CLIENTS BY PHONE AND THEN SELECTED FURNITURE FOR THEM, WHICH WAS THEN DELIVERED TO THEIR RESIDENCE. DESPITE VERY DIFFICULT CIRCUMSTANCES, AND WITH MEMBER AGENCIES IN SEVERELY RESTRICTED COVID-MODE, WE WERE STILL ABLE TO FURNISH 228 HOUSEHOLDS IN DURING THE FISCAL YEAR, WHICH WAS APPROXIMATELY 2/3 OF OUR PRE-PANDEMIC LEVELS, UTILIZING THIS "REMOTE SELECTION" PROCESS. OUR ANNUAL CAMPAIGN AND MOTHER'S DAY BEDS FOR KIDS CAMPAIGN WERE ALSO SUCCESSFUL, WITH THE BENEFIT OF NEW AND ROBUST PR /SOCIAL MEDIA CONSULTING. DURING THE CONTINUATION OF PANDEMIC RELATED OPERATION RESTRICTIONS, WE STILL WORKED TO CREATE AND STRENGTHEN COMMUNITY PARTNERSHIPS, SUCH AS WITH A LOCAL WOODWORKING GROUP TO HELP REFURBISH FURNITURE, OTHER SERVICE GROUPS TO CREATE "WELCOME HOME" KITS FOR CLIENTS THAT INCLUDED BASIC KITCHEN/HOUSEHOLD ITEMS, A LOCAL SCHOOL DISTRICT TO GET DESKS TO STUDENTS IN THEIR HOMES TO HELP WITH REMOTE LEARNING, AND WITH VOLUNTEER GROUPS TO ASSIST WITH WAREHOUSE WORK. WE ALSO PARTICIPATED IN THE RYE ZERO WASTE DAY COLLECTION DRIVE IN NOVEMBER 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Brown Treasurer | OfficerTrustee | 1 | $0 |
Kenneth M Bialo Secretary | OfficerTrustee | 1 | $0 |
Katherine A Bialo President/executive Director | OfficerTrustee | 25 | $0 |
Chris Eifler Director | Trustee | 1 | $0 |
Linda Ellis Director | Trustee | 1 | $0 |
Gail Fattizzi 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 | $386,389 |
| Noncash contributions included in lines 1a–1f | $214,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,389 |
| Total Program Service Revenue | $5,125 |
| Investment income | $5,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,901 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $216,562 |
| 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 | $8,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,390 |
| Advertising and promotion | $907 |
| Office expenses | $3,428 |
| Information technology | $20,765 |
| Royalties | $0 |
| Occupancy | $14,999 |
| 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 | $6,160 |
| Insurance | $7,874 |
| All other expenses | $3,128 |
| Total functional expenses | $375,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,023 |
| Savings and temporary cash investments | $404,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,353 |
| Prepaid expenses and deferred charges | $4,649 |
| Net Land, buildings, and equipment | $19,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $537,065 |
| Accounts payable and accrued expenses | $3,085 |
| Grants payable | $0 |
| Deferred revenue | $5,900 |
| 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 | $8,985 |
| Net assets without donor restrictions | $499,011 |
| Net assets with donor restrictions | $29,069 |
| 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 | $537,065 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Furniture Sharehouse Inc has recieved totaling $51,756.
| Awarding Organization | Amount |
|---|---|
Thomas And Agnes Carvel Foundation Yonkers, NY PURPOSE: UNRESTRICTED GRANT | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,707 |
United Way Of Westchester And Putnam Inc White Plains, NY PURPOSE: COMMUNITY IMPACT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $9,600 |
Gant Family Foundation Melville, NY PURPOSE: SEE STATEMENT #11 | $2,000 |
The Meryl And Christopher Lewis Foundation Hastings On Hudson, NY PURPOSE: TO PROVIDE FREE FURNITURETO ECONOMICALLY DISADVANTAGEDINDIVIDUALS LIVING IN WESTCHESTER COUNTY. | $500 |
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Water Street Ministries Lancaster, PA | $27,847,945 | $13,681,131 |
Center For Food Action In New Jersey Englewood, NJ | $5,813,047 | $11,348,848 |
Greg Hill Foundation Woburn, MA | $6,630,527 | $13,875,487 |
Light Of Life Ministries Inc Pittsburgh, PA | $24,514,350 | $12,091,518 |
Caties Closet Inc Dracut, MA | $4,577,081 | $8,342,538 |
Real Alternatives Harrisburg, PA | $3,218,782 | $7,572,282 |
Rescue Mission Of Trenton Trenton, NJ | $15,440,834 | $6,507,086 |
Old Order Amish Helping Program Elizabethville, PA | $294,169,877 | $7,401,236 |