Overview
What is Dallas Furniture Bank?
Dallas Furniture Bank is a nonprofit organization, part of the National Furniture Bank Association, located in Dallas, Texas. Their primary mission is to improve the lives of individuals and families in need by providing them with essential home furniture. They achieve this by collecting donations of basic household items from businesses and individuals, and distributing these through social service agencies. By offering a furnished living space, Dallas Furniture Bank aims to enhance the quality of life, self-esteem, and prospects for success of those they assist. They currently operate with a team of eight dedicated employees.
Official website here: www.dallasfurniturebank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Dallas Furniture Bank has received a solid Three-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The organization scored 81% overall, indicating strong management practices and transparency. Notably, it boasts 100% independent board members and no material diversion of assets, which underscores a robust governance structure.
Financially, the nonprofit demonstrates efficiency with a program expense ratio of 80.25%, meaning a significant portion of its budget is directed toward fulfilling its mission. Furthermore, its liabilities to assets ratio stands at a manageable 26.06%, suggesting a stable financial footing. The organization's policies regarding conflict of interest, whistleblowing, and document retention are all well-defined and publicly accessible.
Despite its strengths, the overall rating indicates there is room for improvement, potentially in areas that could further enhance its operational transparency and effectiveness. However, the current scores suggest that Dallas Furniture Bank is effectively utilizing its resources to support its mission of providing furniture to those in need.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas Furniture Bank legitimate?
Dallas Furniture Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,712
For more financial information, click here
Official website here: www.dallasfurniturebank.org
What is the mission statement of Dallas Furniture Bank?
Dallas Furniture Bank, as a member of the National Furniture Bank Association, collects essential household furniture through donations from businesses and individuals. The organization then distributes this donated furniture to individuals in need through social service agencies. By providing a furnished and livable environment for families, Dallas Furniture Bank aims to positively impact their quality of life, self-esteem, and chances of success. The bank operates with the mission to enhance the lives of those in need by offering them a more comfortable living space, thereby boosting their overall well-being.
Official website here: www.dallasfurniturebank.org
Who is the CEO of Dallas Furniture Bank?
Sheryl Bogen is the Financial Chair of Dallas Furniture Bank.
Official website here: www.dallasfurniturebank.org
What is the revenue of Dallas Furniture Bank?
Dallas Furniture Bank's revenue in 2022 was $963,494.
Official website here: www.dallasfurniturebank.org
Who are the executives of Dallas Furniture Bank and what are their salaries?
The average compensation at Dallas Furniture Bank during 2022 was $29,714. There are 8 employees and 325 volunteers at Dallas Furniture Bank.
Here are 8 key members and their salaries:
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Official website here: www.dallasfurniturebank.org
Where can I find the form 990 for Dallas Furniture Bank?
Dallas Furniture Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dallasfurniturebank.org
Learn more at the official website: www.dallasfurniturebank.org
Mission Statement of Dallas Furniture Bank
Dallas Furniture Bank, a member of the National Furniture Bank Association, is dedicated to collecting essential household furniture through donations from businesses and individuals. This nonprofit organization then distributes this donated furniture to people in need through social service agencies. By providing a furnished, livable environment for families, Dallas Furniture Bank aims to positively impact and enhance the quality of life, self-esteem, and chances of success for these families. In essence, the mission of Dallas Furniture Bank is to make a tangible difference in the lives of those in need by offering them a home they can truly call their own.
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Impact
July, 2024
Dallas Furniture Bank's impact is significant in providing basic household furniture to families in need. By collecting furniture donations from businesses and individuals and distributing them through social service agencies, the organization helps create furnished, livable environments for these families. This support not only improves their quality of life but also boosts their self-esteem and chances of success. Through its mission of furnishing homes for those in need, Dallas Furniture Bank makes a tangible difference in the lives of individuals and families in the community.
This information is meant to be a general summary of Dallas 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.
- Gross Receipts: $963,494
Assets and Liabilities:
- Total Assets: $695,444
- Total Liabilities: $181,279
- Net Assets: $514,165
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Organization Details
Founding Year
2002
Phone
(972) 466-0600Principal Officer
Sheryl Bogen
Main Address
PO BOX 815788, DALLAS, TX, 75381
Website
www.dallasfurniturebank.orgNTEE Category
Code: P60 - Human services
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