Overview
What is Housing Works Used Book Cafe Inc?
Housing Works Used Book Cafe Inc, based in Brooklyn, New York, operates as a nonprofit bookstore and cafe. It primarily sells donated used books, both in-store and online, and serves as a significant hub for the city's literary and arts community. Annually, more than 100 readings, panels, and concerts take place within its premises, with renowned artists like Bjork, John Mellenkamp, and John Mayer performing there. The bookstore is a popular venue for weddings and special events as well. The bookstore's net profits are remitted to its parent organization, Housing Works, Inc., and it operates primarily with volunteer staff. The year-end donated merchandise received by the bookstore amounts to $1,045,349, as reported under GAAP. The Housing Works Used Book Cafe Inc plays a crucial role in raising funds for the social mission of its parent organization.
Official website here: www.housingworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Housing Works Used Book Cafe Inc has earned an 81% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates commendable practices with a fully independent board and comprehensive oversight processes. Their financial statements are rigorously audited, and there are no reported diversions of assets, indicating a strong commitment to transparency.
The organization excels in program expenses, with an impressive 92.31% of its budget allocated to program services. This suggests a robust focus on its mission and effective use of resources. Furthermore, the presence of key policies such as conflict of interest, whistleblower, and document retention policies further establishes its accountability framework.
However, while the financial management appears sound, the report highlights the salaries of key personnel, which may raise questions about compensation practices in relation to the nonprofit sector's norms. Overall, Housing Works Used Book Cafe Inc presents a strong profile in terms of governance and financial health, though potential donors and stakeholders might consider the context around executive compensation.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Works Used Book Cafe Inc legitimate?
Housing Works Used Book Cafe Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Works Used Book Cafe 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.housingworks.org
What is the mission statement of Housing Works Used Book Cafe Inc?
Housing Works Used Book Cafe Inc operates as a used bookstore, literary hub, and concert venue, serving as a fundraising platform for its parent organization, Housing Works Inc. Located in downtown Manhattan, the bookstore sells donated books and hosts a thriving cafe. It serves as a hub for New York's literary and arts scene, hosting numerous readings, panels, and concerts annually, with renowned musicians like Bjork, John Mellencamp, and John Mayer performing there. The bookstore also functions as a popular event space for weddings and special events. The profits generated by the bookstore are entirely remitted to Housing Works Inc, with the bookstore primarily staffed by volunteers. The bookstore's operations contribute to raising funds for Housing Works Inc's social mission.
Official website here: www.housingworks.org
Who is the CEO of Housing Works Used Book Cafe Inc?
Charles King is the President & Ceo of Housing Works Used Book Cafe Inc. The CEO's salary of Housing Works Used Book Cafe Inc is $0 and their total compensation is $431,562.
Official website here: www.housingworks.org
What is the revenue of Housing Works Used Book Cafe Inc?
Housing Works Used Book Cafe Inc's revenue in 2022 was $1,534,444.
Official website here: www.housingworks.org
Who are the executives of Housing Works Used Book Cafe Inc and what are their salaries?
There 12 volunteers at Housing Works Used Book Cafe Inc.
Here are 15 key members and their salaries (Housing Works Used Book Cafe Inc's CEO's salary is $0 and their total compensation is $431,562):
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- Related: $241,353
- Other: $3,944
- Compensation: $0
- Related: $319,425
- Other: $26,695
- Compensation: $0
- Related: $416,319
- Other: $15,243
Official website here: www.housingworks.org
Where can I find the form 990 for Housing Works Used Book Cafe Inc?
Housing Works Used Book Cafe Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingworks.org
Learn more at the official website: www.housingworks.org
Mission Statement of Housing Works Used Book Cafe Inc
Housing Works Used Book Cafe Inc serves a unique purpose as a used bookstore, literary hub, and concert venue. Its primary objective is to raise funds for the tax-exempt social mission of its parent organization, Housing Works Inc. The bookstore, located in Soho, Downtown Manhattan, has established itself as a renowned institution and tourist attraction in the area.
The bookstore's operations are centered around selling donated used books, both in-store and online. It also boasts a thriving café, serving as a hub for New York's downtown literary and arts scene. Housing Works Used Book Cafe Inc hosts over 100 readings, panels, and concerts annually, attracting celebrated musicians such as Bjork, John Mellencamp, and John Mayer. The venue is also popular for special events, including weddings.
The bookstore's operations are largely volunteer-driven, with 100% of its profits being remitted to Housing Works Inc. The bookstore received $1,045,349 in donated merchandise during the year ending June 30, 2022, as reported in accordance with GAAP, without incurring any gifts-in-kind expense. The bookstore's dual role as a retail outlet and event space contributes significantly to its parent organization's mission, providing a unique source of funding and community engagement.
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Impact
October, 2024
Housing Works Used Book Cafe Inc. plays a significant role in enriching the cultural landscape of downtown Manhattan. By operating a used bookstore, café, and concert venue, it combines the love of literature with vibrant community engagement. The cafe is a well-established literary hub, hosting over 100 readings, panels, and concerts each year, featuring notable artists like Björk, John Mellencamp, and John Mayer.
The bookstore not only promotes reading and the arts but also serves as a gathering place where people can enjoy coffee and connect with others who share similar interests. As a treasure trove of donated books, it promotes sustainability and literacy while fostering a culture of sharing and community support.
Additionally, the space is adaptable for various events, including weddings, making it a versatile venue in the heart of Soho. By receiving substantial donations and employing a volunteer workforce, it maximizes its impact, ensuring that profits support its parent organization, Housing Works, Inc. Ultimately, Housing Works Used Book Cafe Inc. enhances community well-being through its commitment to literature, arts, and social advocacy.
This information is meant to be a general summary of Housing Works Used Book Cafe 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.
- Gross Receipts: $2,640,462
Assets and Liabilities:
- Total Assets: $5,589,607
- Total Liabilities: $8,118,071
- Net Assets: -$2,528,464
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Organization Details
Founding Year
2007
Phone
(347) 473-7400Principal Officer
Charles King
Main Address
57 WILLOUGHBY STREET 2ND FL, BROOKLYN, NY, 11201
Website
www.housingworks.orgNTEE Category
Code: P29 - Human services
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