Overview
What is Housing Works Thrift Shop Inc?
Housing Works Thrift Shop Inc is a nonprofit organization headquartered in Brooklyn, New York, with thirteen upscale locations throughout the city. They specialize in selling high-end vintage treasures to bargain hunters and fashion enthusiasts alike. The thrift shops generate funds through the sale of donated goods, which totaled approximately $10 million in 2021. The organization's primary mission is to provide crucial assistance and financial support to homeless individuals living with AIDS or HIV-related illnesses. Housing Works Thrift Shop, Inc. fulfills this purpose by receiving donations from the public and selling these items in their shops.
Official website here: www.shop.housingworks
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Housing Works Thrift Shop Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and financial management. The charity's score is primarily derived from its exceptional performance in the Accountability & Finance category, where it scored 93%. This strong rating indicates that Housing Works maintains effective governance and financial practices, ensuring that donor funds are used efficiently.
The organization stands out with a fully independent board of directors, comprising 26 members, which promotes transparency and effective oversight. Additionally, all necessary financial policies are in place, including conflict of interest and whistleblower policies. The thrift shop reports no material diversion of assets, further solidifying its commitment to ethical governance.
Despite its strengths, the organization has room for improvement in its liabilities to assets ratio, which is at 43.56%. While this is not concerning, enhancing this ratio could provide even greater financial stability. Overall, Housing Works Thrift Shop Inc demonstrates a strong commitment to accountability, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Works Thrift Shop Inc legitimate?
Housing Works Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Works Thrift Shop Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.shop.housingworks
What is the mission statement of Housing Works Thrift Shop Inc?
Housing Works Thrift Shop Inc is an organization dedicated to providing support to homeless individuals living with AIDS or HIV-related illnesses. Established to fulfill this purpose, the thrift shop functions as a means to raise funds for this cause. The shop receives donated goods from the public and sells these items through thirteen locations in New York City. The revenue generated from the sales directly or indirectly aids homeless individuals diagnosed with these conditions, offering them essential relief and financial assistance.
Official website here: www.shop.housingworks
Who is the CEO of Housing Works Thrift Shop Inc?
Charles King is the CEO of Housing Works Thrift Shop Inc The CEO's salary of Housing Works Thrift Shop Inc is $0 and their total compensation is $473,043.
Official website here: www.shop.housingworks
What is the revenue of Housing Works Thrift Shop Inc?
Housing Works Thrift Shop Inc's revenue in 2023 was $15,809,219.
Official website here: www.shop.housingworks
Who are the executives of Housing Works Thrift Shop Inc and what are their salaries?
There 28 volunteers at Housing Works Thrift Shop Inc.
Here are 32 key members and their salaries (Housing Works Thrift Shop Inc's CEO's salary is $0 and their total compensation is $473,043):
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- Related: $456,081
- Other: $16,962
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- Related: $165,951
- Other: $15,074
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- Related: $273,242
- Other: $5,416
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- Related: $339,454
- Other: $29,779
Official website here: www.shop.housingworks
Where can I find the form 990 for Housing Works Thrift Shop Inc?
Housing Works Thrift Shop Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.shop.housingworks
Learn more at the official website: www.shop.housingworks
Mission Statement of Housing Works Thrift Shop Inc
Housing Works Thrift Shop Inc, a nonprofit organization, was established to extend aid and support, financially and otherwise, to homeless persons afflicted with AIDS or HIV-related illnesses. By performing this vital function, Housing Works Thrift Shops aims to bring relief and assistance to those in need.
The organization sources its goods through donations from the public. These contributions are then sold at thirteen shops situated throughout New York City. In this way, Housing Works Thrift Shops not only offers essential items for purchase, but also serves as a platform for generating revenue to fund its mission. By engaging in this thrift shop enterprise, the organization is able to make a significant impact on the lives of those it serves.
The primary goal of Housing Works Thrift Shop Inc is to support and uplift homeless individuals living with AIDS or HIV-related diseases. Through the sale of donated goods, the nonprofit is able to provide essential resources and financial assistance to those in need. In doing so, Housing Works Thrift Shops plays a crucial role in the well-being and empowerment of vulnerable members of society.
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Impact
October, 2024
Housing Works Thrift Shop Inc significantly impacts its community by generating crucial funding to support homeless individuals living with AIDS or HIV-related illnesses. With thirteen upscale locations throughout New York City, the thrift shops offer a curated selection of high-end vintage items, attracting both bargain hunters and fashion enthusiasts.
In the process, they facilitate the donation and resale of approximately $10 million worth of goods each year, ensuring that the funds generated are directed towards providing relief and financial assistance to those in need. By creating a sustainable business model around thrift shopping, Housing Works not only helps reduce waste but also fosters a sense of community, where shoppers feel they are actively contributing to a vital cause with every purchase.
This dual mission of promoting sustainable consumption while assisting vulnerable populations highlights the transformative power of socially-driven retail, positioning Housing Works Thrift Shop as a key player in the fight against homelessness related to HIV/AIDS.
This information is meant to be a general summary of Housing Works Thrift Shop Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $31,538,993
Assets and Liabilities:
- Total Assets: $27,776,484
- Total Liabilities: $14,842,792
- Net Assets: $12,933,692
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Organization Details
Founding Year
1991
Principal Officer
Charles King
Website
www.shop.housingworksNTEE Category
Code: P29Z - Human services
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