Overview
What is Houston Community Toolbank Inc?
Houston Community Toolbank Inc is a nonprofit organization situated in Houston, Texas. Their primary mission is to support other charitable organizations by offering a wide range of tools on a rental basis. By doing so, they aim to amplify the impact of these organizations' mission-related initiatives in the community. In 2022 alone, they served 1,716 unique projects, providing tools valued at $2.1 million. This lending service empowered over 26,144 volunteers, enabling them to contribute effectively to various community projects and facilities' maintenance throughout the year. With a dedicated workforce of six individuals, Houston Community Toolbank Inc plays a crucial role in fostering community development through its tool lending program.
Official website here: www.houstontoolbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Houston Community Toolbank Inc has achieved a perfect score of 100% from Charity Navigator, indicating exceptional performance in accountability and finance. This rating is solely based on the organization's strong practices in governance, including a fully independent board and adherence to financial transparency, such as posting tax forms and maintaining a conflict of interest policy.
The nonprofit demonstrates remarkable financial health, with a low liabilities to assets ratio of 1.26% and a high program expense ratio of 80.31%. This suggests that the majority of its funding is directed toward its mission rather than administrative costs, reflecting a commitment to maximizing the impact of its services.
While the ratings highlight the organization’s strengths in governance and financial management, there are no specific limitations mentioned in the data. Overall, the Houston Community Toolbank Inc stands out as a well-managed charity dedicated to its mission, making it a reliable option for potential donors looking to support community improvement initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Houston Community Toolbank Inc?
100% of the 13 reviewers on Facebook recommend Houston Community Toolbank Inc. Here's a summary of their reviews:
The overall sentiment is highly positive, with users expressing appreciation for the nonprofit's role as a valuable resource within the community. Reviewers highlight the organization's effective support and accessibility, indicating that it meets the needs of various community projects and initiatives.
Overall, the Houston Community Toolbank is seen as a beneficial entity by its supporters, reinforcing its commitment to providing essential tools and resources that empower local efforts and enhance community development.
This AI summary has been generated from reviews found on Facebook.
Is Houston Community Toolbank Inc legitimate?
Houston Community Toolbank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Community Toolbank 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: $98,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,449
For more financial information, click here
Official website here: www.houstontoolbank.org
What is the mission statement of Houston Community Toolbank Inc?
Houston Community Toolbank Inc's mission is to facilitate the work of various non-profit organizations by providing them with year-round access to high-quality tools. This tool lending program is designed to enhance the impact of these organizations' mission-related projects in their communities. In 2022 alone, the Toolbank supported 1,716 unique projects, providing tools valued at $2.1 million. These tools equipped over 26,144 volunteers throughout the year, contributing significantly to these projects' success. By stewarding an inventory of tools, the Toolbank aims to extend the capabilities of non-profit organizations, thereby fostering community development and volunteerism.
Official website here: www.houstontoolbank.org
Who is the CEO of Houston Community Toolbank Inc?
Marly Maskill is the Executive Director of Houston Community Toolbank Inc.
Official website here: www.houstontoolbank.org
What is the revenue of Houston Community Toolbank Inc?
Houston Community Toolbank Inc's revenue in 2022 was $773,747.
Official website here: www.houstontoolbank.org
Who are the executives of Houston Community Toolbank Inc and what are their salaries?
The average compensation at Houston Community Toolbank Inc during 2022 was $34,383. There are 6 employees and 368 volunteers at Houston Community Toolbank Inc.
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Official website here: www.houstontoolbank.org
Where can I find the form 990 for Houston Community Toolbank Inc?
Houston Community Toolbank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.houstontoolbank.org
Learn more at the official website: www.houstontoolbank.org
Mission Statement of Houston Community Toolbank Inc
Houston Community Toolbank Inc, as a tool lending program, has a mission to provide other non-profit organizations with year-round access to high-quality tools for their volunteer projects and facility maintenance tasks. The organization stewards an inventory of tools, making them readily available for lending to enhance the impact of various mission-related efforts in the community. In 2022 alone, Houston Community Toolbank Inc supported 1,716 unique projects, lending tools valued at $2.1 million. This equipment aided over 26,144 volunteers throughout the year, demonstrating the organization's commitment to empowering non-profit organizations in their community initiatives.
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Impact
July, 2024
Houston Community Toolbank Inc has a significant impact on the community by providing other nonprofit organizations with year-round access to high-quality tools for volunteer projects and facility maintenance. In 2022 alone, the organization supported 1,716 unique projects, equipping over 26,144 volunteers with tools valued at $2.1 million. By facilitating access to essential tools, Houston Community Toolbank Inc plays a crucial role in increasing the efficiency and effectiveness of mission-related efforts in the community, ultimately contributing to overall community improvement.
This information is meant to be a general summary of Houston Community Toolbank 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: $2,882
- Program Service Revenue: $73,762
- Gross Receipts: $842,478
Assets and Liabilities:
- Total Assets: $611,185
- Total Liabilities: $7,753
- Net Assets: $603,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tool Lending
Revenue
$73,762
Organization Details
Founding Year
2012
Phone
(713) 674-0262Principal Officer
Marly Maskill
Main Address
1215 GAZIN ST, HOUSTON, TX, 770207408
Website
www.houstontoolbank.orgNTEE Category
Code: S192 - Community improvement
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