Overview
What is Storehouse?
Storehouse is a nonprofit organization situated in Teller and El Paso Counties, dedicated to aiding those in need. They offer various forms of assistance, such as clothing, household essentials, medical bill payments, and transportation, addressing immediate requirements. The organization collects pre-owned items like clothing, furniture, appliances, and household goods, either selling them at affordable prices to the public or distributing them directly to individuals requesting aid from the ministry. Storehouse's mission is to alleviate hardship in the community, ensuring that people have the necessary resources to overcome their challenges.
Official website here: www.storehousecolorado.com/contact.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating
Storehouse has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. This rating indicates that while the organization demonstrates strong financial health and accountability measures, there may be areas for improvement in overall performance or impact. Notably, the charity has a perfect score on several accountability metrics, including a fully independent board and no material diversion of assets.
The organization excels in financial management, showcasing a program expense ratio of 96.82%, which indicates that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, demonstrating strong financial stability. Storehouse also documents its board meeting minutes and lists its website on its tax forms, further reflecting transparency.
Despite these strengths, the overall rating suggests that Storehouse may not be maximizing its reach or effectiveness relative to its financial stability. Stakeholders may wish to consider this rating alongside other performance indicators to gain a comprehensive understanding of the organization’s operational impact.
This AI summary has been generated from information found on Charity Navigator.
Is Storehouse legitimate?
Storehouse is a legitimate nonprofit organization registered as a 501(c)(3) entity. Storehouse submitted a form 990EZ, 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.
Official website here: www.storehousecolorado.com/contact.
What is the mission statement of Storehouse?
Storehouse, an organization, aims to aid the less fortunate residing in Teller and El Paso Counties. They accomplish this by providing assistance with various immediate necessities such as clothing, household items, and medical bill payments. The organization collects used goods like clothing, furniture, appliances, and other household items. They either sell these items at discounted prices to the public or distribute them directly to individuals seeking aid from the ministry. Storehouse's activities are centered around addressing immediate needs, ensuring that those in need have access to essential items.
Official website here: www.storehousecolorado.com/contact.
Who is the CEO of Storehouse?
Dallas R Holland is the President of Storehouse.
Official website here: www.storehousecolorado.com/contact.
What is the revenue of Storehouse?
Storehouse's revenue in 2022 was $66,825.
Official website here: www.storehousecolorado.com/contact.
Who are the executives of Storehouse and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.storehousecolorado.com/contact.
Where can I find the form 990EZ for Storehouse?
Storehouse's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.storehousecolorado.com/contact.
Learn more at the official website: www.storehousecolorado.com/contact.
Mission Statement of Storehouse
Storehouse, as a nonprofit organization, is dedicated to supporting individuals in need residing in Teller and El Paso Counties. Its primary mission is to alleviate pressing issues such as lack of clothing, household essentials, and financial burdens related to medical bills. To accomplish this, Storehouse engages in two primary activities: selling donated items at reduced prices to the general public and providing directly to those who request assistance from the ministry.
The organization collects a variety of used items, including clothing, furniture, appliances, and household goods. By selling these items at reduced prices, Storehouse enables individuals with limited financial resources to acquire essential items for their homes and families. In addition to this, the nonprofit directly provides assistance to individuals who request aid from the ministry. By doing so, Storehouse helps address immediate needs such as medical bill payments and transportation, thereby easing the burden on individuals facing financial hardship.
In essence, Storehouse serves as a vital resource for the needy in Teller and El Paso Counties, addressing their essential needs by providing clothing, household goods, and financial assistance. Through its mission, the nonprofit aims to improve the overall well-being and quality of life for those in need, empowering them to overcome challenges and move forward with dignity and self-sufficiency.
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Impact
August, 2024
Storehouse provides crucial support to the needy in Teller and El Paso Counties by offering assistance with clothing, household goods, medical bill payments, transportation, and other immediate needs. By collecting and distributing used clothing, furniture, appliances, and household items, Storehouse helps individuals in need access essential resources at reduced prices or even for free. This organization's impact is significant as it directly addresses the immediate needs of vulnerable populations in the community, ensuring they have access to essential goods and services to improve their quality of life.
This information is meant to be a general summary of Storehouse. 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.
- Program Service Revenue: $66,825
- Gross Receipts: $66,825
Assets and Liabilities:
- Total Assets: $2,500
- Total Liabilities: $1,770
- Net Assets: $730
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Organization Details
Phone
(719) 308-8196Principal Officer
Dallas R Holland
Main Address
6151 N ACADEMY BLVD, COLORADO SPRINGS, CO, 80918
NTEE Category
Code: P99 - Human services
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