Overview
What is Cleveland Furniture Bank?
Cleveland Furniture Bank, located at 13360 SMITH ROAD, Middleburg Heights, OH 44130, is a nonprofit organization dedicated to assisting qualified low-income individuals. They accomplish this by collecting and distributing donated items, including furniture, clothing, appliances, and household goods. The organization operates a large-scale furniture bank and retail store, distributing over 547,000 units of merchandise during fiscal 2023. The primary mission of Cleveland Furniture Bank is to enhance the living conditions of the greater Cleveland community by providing essential household items, thereby contributing positively to their well-being. With a workforce of 37 individuals, the organization continues to serve this community, ensuring that those in need have access to the necessities they require.
Official website here: www.clevelandfurniturebank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Cleveland Furniture Bank has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity scored 96% in this category, indicating a well-managed organization with high transparency and responsible financial practices. The rating is particularly significant as it underscores the charity's commitment to effective governance and ethical management.
One of the strengths of Cleveland Furniture Bank is its predominantly independent board, comprising 92% independent members, which enhances oversight and reduces conflicts of interest. Additionally, the charity has a comprehensive set of policies in place, including conflict of interest and whistleblower policies, ensuring a high standard of integrity and accountability. The organization also demonstrates commendable financial health, with a low liabilities to assets ratio and an impressive program expense ratio of 95.24%, signifying that the majority of its funds directly support its programs.
While the data highlights the organization's strengths, there are no specific limitations noted. Overall, Cleveland Furniture Bank stands out for its commitment to accountability, effective governance, and strong financial management, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cleveland Furniture Bank?
72% of 77 reviewers on Facebook recommend Cleveland Furniture Bank. Here is a summary of their reviews:
Many users appreciate the wide selection of furniture and decor available at the nonprofit, noting that they often find great deals during sales. The staff is frequently described as helpful and friendly, enhancing the overall shopping experience.
While the recommendation rate indicates some mixed feelings, those who enjoy the offerings generally highlight the variety and affordability of the products. There appears to be a positive sentiment surrounding the store's inventory and customer service, making it a popular choice for those in need of furniture.
This AI summary has been generated from reviews found on Facebook.
Is Cleveland Furniture Bank legitimate?
Cleveland Furniture Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland 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: $106,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $827,644
For more financial information, click here
Official website here: www.clevelandfurniturebank.org
What is the mission statement of Cleveland Furniture Bank?
The Cleveland Furniture Bank, as an organization, focuses on providing essential household items, including furnishings, to qualified individuals with low income. They achieve this objective through the operation of a furniture bank and a retail store. The donated items, such as furniture, appliances, and clothing, are distributed to those in need, thereby benefiting the broader community. During fiscal 2023, the bank distributed over half a million dollars' worth of donated merchandise. In essence, the Cleveland Furniture Bank's mission is to enhance the living conditions of individuals in need by distributing donated household items.
Official website here: www.clevelandfurniturebank.org
Who is the CEO of Cleveland Furniture Bank?
Thomas E Gaghan is the Exec Dir of Cleveland Furniture Bank.
Official website here: www.clevelandfurniturebank.org
What is the revenue of Cleveland Furniture Bank?
Cleveland Furniture Bank's revenue in 2023 was $2,394,587.
Official website here: www.clevelandfurniturebank.org
Who are the executives of Cleveland Furniture Bank and what are their salaries?
The average compensation at Cleveland Furniture Bank during 2023 was $25,248. There are 37 employees and 85 volunteers at Cleveland Furniture Bank.
Here are 14 key members and their salaries:
- Compensation: $106,550
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Official website here: www.clevelandfurniturebank.org
Where can I find the form 990 for Cleveland Furniture Bank?
Cleveland Furniture Bank's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.clevelandfurniturebank.org
Learn more at the official website: www.clevelandfurniturebank.org
Mission Statement of Cleveland Furniture Bank
Cleveland Furniture Bank, a nonprofit organization, is committed to providing essential household items and furnishings to qualified low-income individuals in the community. Through the operation of a large-scale furniture bank and retail store, the organization collects and distributes donated items such as furniture, clothing, appliances, and various household goods. The primary mission of Cleveland Furniture Bank is to contribute to the well-being of the greater Cleveland community by making these items accessible to those in need. In the fiscal year 2023, the organization distributed over half a million dollars' worth of donated merchandise, demonstrating its significant impact on the lives of the individuals it serves.
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Impact
July, 2024
Cleveland Furniture Bank's impact can be seen in the distribution of 547,974 donated merchandise items to qualified low-income individuals in the Greater Cleveland community. Through their operation of a furniture bank and retail store, they provide furnishings, clothing, appliances, and other household items to those in need. This direct support positively impacts the lives of individuals and families by ensuring they have essential items for their homes.
This information is meant to be a general summary of Cleveland 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 2023.
- Investment Income: $11,422
- Program Service Revenue: $353,029
- Gross Receipts: $2,394,587
Assets and Liabilities:
- Total Assets: $1,491,791
- Total Liabilities: $479,363
- Net Assets: $1,012,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DELIVERY CHARGES
Revenue
$247,301
ADMINISTRATIVE FEES
Revenue
$105,728
Organization Details
Founding Year
2006
Phone
(216) 459-2265Principal Officer
Thomas E Gaghan
Main Address
13360 SMITH ROAD, MIDDLEBURG HEIGHTS, OH, 44130
NTEE Category
Code: P20 - Human services
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