Overview
What is New Life Furniture Bank Of Ma Inc?
New Life Furniture Bank of MA Inc, based in Medfield, Massachusetts, is a nonprofit organization that provides gently used donated household furnishings to individuals and families in need. Their primary mission targets individuals and families transitioning out of homelessness, survivors of fire, those escaping domestic violence, military veterans, and refugees. With a team of nine dedicated employees, they aim to alleviate some of the hardships faced by these vulnerable groups by offering essential household items.
Official website here: www.newlifefb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
New Life Furniture Bank of MA Inc has achieved an impressive 96% score, earning it a Four-Star rating from Charity Navigator. This rating reflects a strong emphasis on accountability and finance, with the organization's overall score based solely on this metric. The high score indicates a commitment to transparency and responsible financial management.
The nonprofit boasts a fully independent board, with all members contributing to its governance, scoring a perfect 8 out of 8 points. Additionally, the organization has demonstrated excellent financial oversight, highlighted by a 100% program expense ratio, meaning that nearly all funds are channeled directly into its programs. Other strong points include the presence of essential policies, such as conflict of interest and whistleblower protections, which further enhance its operational integrity.
While the organization has commendable strengths, there are no noted limitations in the current data. This favorable assessment suggests that New Life Furniture Bank of MA Inc is effectively managing its resources and is dedicated to its mission of providing furniture and household items to those in need.
This AI summary has been generated from information found on Charity Navigator.
Is New Life Furniture Bank Of Ma Inc legitimate?
New Life Furniture Bank Of Ma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Furniture Bank Of Ma 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: $106,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,866
For more financial information, click here
Official website here: www.newlifefb.org
What is the mission statement of New Life Furniture Bank Of Ma Inc?
New Life Furniture Bank of MA Inc. is an organization dedicated to providing gently used household furnishings to individuals and families in need. This includes those transitioning out of homelessness, survivors of fire, people escaping domestic violence, military veterans, and refugees. The mission of this organization is to alleviate some of the hardships these individuals face by providing them with essential home items, thereby contributing to their overall well-being and stability.
Official website here: www.newlifefb.org
Who is the CEO of New Life Furniture Bank Of Ma Inc?
Kevin Brown is the Executive Director of New Life Furniture Bank Of Ma Inc.
Official website here: www.newlifefb.org
What is the revenue of New Life Furniture Bank Of Ma Inc?
New Life Furniture Bank Of Ma Inc's revenue in 2022 was $1,004,997.
Official website here: www.newlifefb.org
Who are the executives of New Life Furniture Bank Of Ma Inc and what are their salaries?
The average compensation at New Life Furniture Bank Of Ma Inc during 2022 was $26,207. There are 9 employees and 453 volunteers at New Life Furniture Bank Of Ma Inc.
Here are 11 key members and their salaries:
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Official website here: www.newlifefb.org
Where can I find the form 990 for New Life Furniture Bank Of Ma Inc?
New Life Furniture Bank Of Ma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlifefb.org
Learn more at the official website: www.newlifefb.org
Mission Statement of New Life Furniture Bank Of Ma Inc
New Life Furniture Bank of MA is committed to providing gently used household furnishings to individuals and families who are in the process of transitioning out of homelessness, have been victims of fire, are escaping domestic violence, are military veterans, or are refugees. The organization's mission is to offer them a fresh start by equipping their new living spaces with essential furniture items. By doing so, New Life Furniture Bank of MA aims to improve the quality of life for these vulnerable groups, providing them with a sense of stability and normalcy as they navigate through challenging circumstances. The organization's work is instrumental in alleviating some of the hardships these individuals and families face, helping them focus on rebuilding their lives with dignity and hope.
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Impact
July, 2024
New Life Furniture Bank Of Ma Inc's impact is providing crucial support to individuals and families in need by offering gently used donated household furnishings. Through this initiative, they assist those transitioning out of homelessness, victims of fire, individuals escaping domestic violence, military veterans, and refugees. By offering essential household items, they help create a sense of stability and comfort for those going through challenging circumstances.
This information is meant to be a general summary of New Life Furniture Bank Of Ma 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: $12,072
- Gross Receipts: $1,004,997
Assets and Liabilities:
- Total Assets: $263,766
- Total Liabilities: $51,082
- Net Assets: $212,684
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Organization Details
Founding Year
2013
Phone
(774) 316-6395Principal Officer
Kevin Brown
Main Address
PO BOX 573, MEDFIELD, MA, 02052
Website
www.newlifefb.orgNTEE Category
Code: L99 - Housing
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