Overview
What is Community Furniture Bank Inc?
Community Furniture Bank Inc, located in Birmingham, Alabama, is a nonprofit organization with a mission to support individuals and families in transitional housing or facing personal situations requiring assistance. They uniquely offer more than just pickup services for donated furniture and home furnishings; they deliver and distribute these items directly to those in need. This nonprofit organization, employing a small team of two, aims to provide essential household essentials, contributing to the overall well-being and comfort of the recipients.
Official website here: www.communityfurniturebank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. Community Furniture Bank Inc has received a modest rating, indicating that while the organization demonstrates certain strengths, there are significant areas for improvement in accountability and financial transparency.
One of the organization's strengths lies in its financial management, with an impressive program expense ratio of 95.79%, suggesting a strong commitment to directing funds towards its mission. Additionally, the board is fully independent, which is favorable for governance and oversight. However, the organization has notable gaps in its accountability practices, such as missing financial statements and several essential policies, including those related to conflict of interest and whistleblower protections.
Overall, while Community Furniture Bank Inc is performing well in terms of program expenses and independent board membership, the lack of critical financial documentation and policies raises concerns about transparency and accountability. The organization would benefit from addressing these weaknesses to enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Furniture Bank Inc legitimate?
Community Furniture Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Furniture Bank 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: $189,311
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.communityfurniturebank.org
What is the mission statement of Community Furniture Bank Inc?
Community Furniture Bank Inc's mission is to provide furniture and home essentials to individuals in transitional housing or in need of assistance in setting up their homes. Unlike other organizations, Community Furniture Bank Inc offers delivery and distribution services, not just pickup of donated items. The organization aims to help individuals, often former homeless individuals, by distributing furniture and home furnishings to improve their living conditions. This service is unique and essential in providing a sense of normalcy and comfort to those in need.
Official website here: www.communityfurniturebank.org
Who is the CEO of Community Furniture Bank Inc?
Chris Yarboro is the Executive Director of Community Furniture Bank Inc.
Official website here: www.communityfurniturebank.org
What is the revenue of Community Furniture Bank Inc?
Community Furniture Bank Inc's revenue in 2022 was $630,921.
Official website here: www.communityfurniturebank.org
Who are the executives of Community Furniture Bank Inc and what are their salaries?
The average compensation at Community Furniture Bank Inc during 2022 was $94,656. There are 2 employees and 20 volunteers at Community Furniture Bank Inc.
Here are 7 key members and their salaries:
- Compensation: $99,392
- Related: $0
- Other: $0
- Compensation: $89,919
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.communityfurniturebank.org
Where can I find the form 990 for Community Furniture Bank Inc?
Community Furniture Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityfurniturebank.org
Learn more at the official website: www.communityfurniturebank.org
Mission Statement of Community Furniture Bank Inc
Community Furniture Bank Inc is dedicated to providing furniture and home essentials to individuals and families in transition or experiencing hardships. Unlike other organizations, Community Furniture Bank Inc goes beyond simply accepting donations; it delivers and distributes these items directly to those in need. The organization's mission is to assist individuals in transitional housing, such as those who have recently become homeless or are dealing with other personal circumstances, by providing them with essential furniture and home furnishings. By doing so, Community Furniture Bank Inc aims to help these individuals create a comfortable and functional living environment, thereby improving their overall quality of life.
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Impact
July, 2024
Community Furniture Bank Inc's impact is significant in Birmingham, Alabama, as it provides crucial support to individuals in transitional housing or in need of assistance to set up housekeeping. Through its unique approach of delivering and distributing furniture and home furnishings, not just offering pickups, the organization plays a vital role in helping recipients rebuild their lives after experiencing homelessness or facing other personal challenges. By addressing the practical need for essential household items, Community Furniture Bank Inc contributes to creating stable and comfortable living environments for those going through difficult transitions. Its focus on human services directly impacts the quality of life and overall well-being of individuals in the community.
This information is meant to be a general summary of Community Furniture Bank 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 2022.
- Investment Income: $5,969
- Gross Receipts: $630,921
Assets and Liabilities:
- Total Assets: $629,902
- Total Liabilities: $1,531
- Net Assets: $628,371
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Organization Details
Founding Year
2005
Phone
(205) 942-2727Principal Officer
Chris Yarboro
Main Address
219 DISTRIBUTION DRIVE, BIRMINGHAM, AL, 35209
NTEE Category
Code: P60 - Human services
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