Overview
What is The Furniture Bank?
The Furniture Bank, established in 1992, is a benevolent organization situated in Houston, Texas. Its primary mission is to collect and distribute furniture and home essentials at no cost or reduced prices to families in need, who have received housing assistance through social service agencies or charities within the Houston area. Over the past decades, this charitable organization has extended its services to more than 22,000 families, demonstrating its commitment to alleviating material hardships in the community. With a dedicated team of 71 employees, the Furniture Bank continues to make a significant impact in enhancing the living conditions of less fortunate families.
Official website here: www.fb-houston.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (52%)
The Furniture Bank has received a One-Star rating from Charity Navigator, indicating significant concerns about its financial practices. While the organization excels in factors such as having an independent board and maintaining transparency through documented board meeting minutes, it struggles with fundraising efficiency and has a high liabilities to assets ratio. This raises questions about its long-term financial sustainability.
User reviews highlight the positive impact The Furniture Bank has on the Houston community, with one volunteer noting that the charity assists over 200 families each month by providing essential furniture and mattresses. The organization is also recognized for its responsive efforts in disaster relief, illustrating its commitment to serving those in need.
Despite its strengths, the financial challenges highlighted by the rating suggest that The Furniture Bank may need to address its fundraising strategies and overall financial health to ensure it can continue its valuable services in the community effectively.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Furniture Bank legitimate?
The Furniture Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Furniture Bank 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: $78,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,122,183
For more financial information, click here
Official website here: www.fb-houston.org
What is the mission statement of The Furniture Bank?
The Furniture Bank is a charitable organization with a mission to collect and distribute furniture and home furnishings to individuals in need. This non-profit organization operates by obtaining furniture items and making them available, either free of charge or at reduced prices, to families who have received housing assistance through social service agencies or charities in the Houston area. Since its establishment in 1992, The Furniture Bank has provided this service to over 22,000 families, aiming to enhance their living conditions and promote a sense of home.
Official website here: www.fb-houston.org
Who is the CEO of The Furniture Bank?
Oli Mohammed is the Executive Di of The Furniture Bank.
Official website here: www.fb-houston.org
What is the revenue of The Furniture Bank?
The Furniture Bank's revenue in 2022 was $6,054,139.
Official website here: www.fb-houston.org
Who are the executives of The Furniture Bank and what are their salaries?
The average compensation at The Furniture Bank during 2022 was $16,906. There are 71 employees and 143 volunteers at The Furniture Bank.
Here are 14 key members and their salaries:
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Official website here: www.fb-houston.org
Where can I find the form 990 for The Furniture Bank?
The Furniture Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fb-houston.org
Learn more at the official website: www.fb-houston.org
Mission Statement of The Furniture Bank
The Furniture Bank, a charitable organization, is dedicated to assisting individuals and families in need. Its mission is centered around the collection and distribution of furniture and home furnishings, free of charge or at a reduced price. This nonprofit aims to support individuals who have received housing assistance through social service agencies or charities in the Houston area, helping them to create comfortable and functional living spaces. Since its inception in 1992, The Furniture Bank has provided this service to over 22,000 families, demonstrating its commitment to enhancing the living conditions of those in need.
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Impact
July, 2024
The Furniture Bank's impact is significant in the Houston area, where it has provided services to over 22,000 families since its establishment in 1992. By collecting and distributing furniture and home furnishings free of charge or at reduced prices, The Furniture Bank directly supports individuals and families in need who have received housing assistance through social service agencies or charities. Through this work, The Furniture Bank plays a crucial role in helping those facing housing insecurity to establish a stable and comfortable living environment.
This information is meant to be a general summary of The Furniture Bank. 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: $120
- Program Service Revenue: $2,585,216
- Gross Receipts: $6,054,139
Assets and Liabilities:
- Total Assets: $4,133,432
- Total Liabilities: $3,671,372
- Net Assets: $462,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FURNITURE & SCRAP SALE
Revenue
$2,257,200
SERVICE FEE INCOME
Revenue
$328,016
Organization Details
Founding Year
2003
Phone
(713) 842-9771Principal Officer
Oli Mohammed
Main Address
8220 MOSLEY RD, HOUSTON, TX, 77075
Website
www.fb-houston.orgNTEE Category
Code: P12 - Human services
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