Overview
What is Storehouse Of Community Resources?
Storehouse of Community Resources is a nonprofit organization situated in Grand Rapids, Michigan. Their mission is to combat poverty among at-risk families by repurposing donated household and office items and distributing them to non-profit organizations and schools situated in low-income areas. They have managed to obtain $3.3 million in donated products and have distributed over $6.2 million to 200 partner organizations and schools, benefiting approximately 200,000 adults and children. The Storehouse seeks to become a leading resource for enhancing the efficiency of organizations working to eradicate poverty through sustainable housing, workforce development, and education, as well as for individuals and corporations aiming to amplify the impact of their charitable contributions. The nonprofit employs a team of seven dedicated individuals.
Official website here: www.storehousemi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%
Storehouse of Community Resources has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and overall operational efficiency. While the organization demonstrates strong governance practices, such as having an independent board and effective conflict of interest and whistleblower policies, it struggles with its financial health, as evidenced by its low scores in several key areas.
The charity's ratings reveal substantial weaknesses in its program expense ratio, fundraising efficiency, and liabilities to assets ratio, which suggests that a large portion of its resources is not being effectively utilized for its mission. This raises questions about the sustainability of its operations and the impact it can have on the communities it serves.
In summary, while Storehouse of Community Resources maintains commendable governance standards, significant financial challenges overshadow its strengths. Potential donors and stakeholders may want to consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Storehouse Of Community Resources legitimate?
Storehouse Of Community Resources is a legitimate nonprofit organization registered as a 501(c)(3) entity. Storehouse Of Community Resources 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: $40,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,995
For more financial information, click here
Official website here: www.storehousemi.org
What is the mission statement of Storehouse Of Community Resources?
The mission of Storehouse Of Community Resources is to significantly reduce poverty for at-risk families by repurposing donated household and office goods. This redistribution is directed towards non-profit organizations and schools situated in low-income areas, with a primary focus on promoting sustainable housing, workforce development, and education. By doing so, Storehouse Of Community Resources aims to become a prominent resource for enhancing the impact of organizations combating poverty, as well as for individuals and corporations seeking to make their charitable contributions more effective in alleviating poverty and suffering. To achieve this, the organization has successfully grown its Warehouse and Teacher Resource Store, securing $3.3 million in donated products and distributing $6.2 million to over 200 non-profit partners and 200 poverty-focused education facilities, impacting nearly 200,000 adults and children.
Official website here: www.storehousemi.org
Who is the CEO of Storehouse Of Community Resources?
Jessica Johns is the Executive Director of Storehouse Of Community Resources.
Official website here: www.storehousemi.org
What is the revenue of Storehouse Of Community Resources?
Storehouse Of Community Resources's revenue in 2022 was $3,698,481.
Official website here: www.storehousemi.org
Who are the executives of Storehouse Of Community Resources and what are their salaries?
The average compensation at Storehouse Of Community Resources during 2022 was $19,976. There are 7 employees and 30 volunteers at Storehouse Of Community Resources.
Here are 9 key members and their salaries:
- Compensation: $40,840
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.storehousemi.org
Where can I find the form 990 for Storehouse Of Community Resources?
Storehouse Of Community Resources's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.storehousemi.org
Learn more at the official website: www.storehousemi.org
Mission Statement of Storehouse Of Community Resources
Storehouse of Community Resources is committed to reducing poverty among at-risk families by redistributing donated household and office goods to non-profit organizations and schools situated in low-income areas. Their mission is to become a reliable resource for enhancing the effectiveness of organizations working tirelessly to combat poverty through sustainable housing, workforce development, and education. The organization strives to maximize the impact of giving from individuals and corporations, aiming to bring an end to poverty and suffering.
By growing its warehouse and Teacher Resource Store, Storehouse of Community Resources has managed to secure $3.3 million in donated products. They have further committed and distributed these resources to over 200 non-profit partners and 200 poverty-stricken education buildings. These donations have significantly benefited nearly 1,000 teachers, ultimately impacting over 200,000 adults and children. The organization's efforts serve to strengthen the capacity of these non-profits, enabling them to deliver more comprehensive services and support to the communities they serve.
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Impact
July, 2024
Storehouse Of Community Resources has had a significant impact on reducing poverty for at-risk families by redistributing donated household and office goods to non-profit organizations and schools located in low-income areas. Through their StoreHouse Warehouse and Teacher Resource Store, they have obtained $3.3 million in donated products and committed/distributed $6.2 million to 200 non-profit partners and 200 poverty-based education buildings with about 1000 teachers, impacting nearly 200,000 adults and children. Their mission to improve the effectiveness of organizations working to fight poverty through sustainable housing, workforce development, and education has made them a key source for individuals and corporations seeking to maximize the power of their giving to end poverty and suffering.
This information is meant to be a general summary of Storehouse Of Community Resources. 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.
- Program Service Revenue: $104,718
- Gross Receipts: $3,698,481
Assets and Liabilities:
- Total Assets: $3,861,886
- Total Liabilities: $5,177
- Net Assets: $3,856,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program operating reveneue
Revenue
$104,718
Organization Details
Founding Year
2016
Phone
(616) 855-1700Principal Officer
Jessica Johns
Main Address
4411 Plainfield Ave NE, Grand Rapids, MI, 49525
Website
www.storehousemi.orgNTEE Category
Code: P20 - Human services
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