Overview
What is Chicago Furniture Bank?
Chicago Furniture Bank, a nonprofit organization situated in Chicago, Illinois, collects donated furniture from various sources within the city and distributes it to families and individuals transitioning out of homelessness or shelters, moving into stable housing. The bank has collaborated with over 250 social service agencies, primarily focusing on victims of domestic violence, the formerly homeless, veterans, and individuals facing various crises. These partner agencies arrange appointments for their clients to personally select their furniture. The Chicago Furniture Bank primarily serves communities on the west and south side of Chicago and employs over half of its staff from local workforce development agencies in the city. Its mission is to provide dignity, stability, and comfort to Chicagoans moving into supportive housing by enabling them to choose a complete set of furnishings. The organization also operates a single-member LLC, The Honest Junk Company, providing residential cleanouts and commercial junk removal. Proceeds from this venture support the Chicago Furniture Bank's operations.
Official website here: www.chicagofurniturebank.org
What are the reviews and ratings of this charity?
**Rating: 97% (Four-Star out of Four Stars) on Charity Navigator**
The Chicago Furniture Bank has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. This high score indicates that the organization adheres to stringent standards in financial oversight, with 100% of its rating deriving from a robust accountability score. The bank boasts an independent board and stringent policies that enhance its credibility and operational transparency.
Strengths of the organization include a high program expense ratio of 91.22%, demonstrating a significant commitment to its mission of providing furniture to those in need. It also has no material diversions of assets and an impressive liabilities-to-assets ratio of 16.35%, showcasing sound financial health. However, its fundraising efficiency ratio is marked at $0.01, which may suggest challenges in fundraising effectiveness that could impact long-term sustainability.
User reviews for the Chicago Furniture Bank could not be fetched; therefore, feedback from GreatNonprofits is not available at this time. Overall, the organization’s ratings indicate a solid structure and performance, but it may want to address its fundraising strategies to bolster its future initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Chicago Furniture Bank?
100% of 20 reviewers on Facebook recommend the Chicago Furniture Bank. Here's a summary of their insights:
Many appreciate the nonprofit's dual mission of assisting those in need while simultaneously providing a solution for individuals looking to donate unwanted furniture. Users express a sense of satisfaction with the positive impact the organization has on both the community and the environment.
Overall, the Chicago Furniture Bank is clearly making a meaningful difference, with supporters praising their efforts and wishing them continued success.
This AI summary has been generated from reviews found on Facebook.
Is Chicago Furniture Bank legitimate?
Chicago Furniture Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago 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: $350,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,800,528
For more financial information, click here
Official website here: www.chicagofurniturebank.org
What is the mission statement of Chicago Furniture Bank?
Chicago Furniture Bank's mission is centered around providing dignity, stability, and comfort to individuals and families moving into supportive housing. They accomplish this by allowing them to personally select an entire home's worth of furnishings. The organization collects donated furniture from various parts of the city and distributes it through its warehouse. Chicago Furniture Bank partners with over 250 social service agencies, primarily serving victims of domestic violence, the formerly homeless, veterans, and those facing other crises. These partner agencies can schedule appointments for their clients to personally select their furniture. The bank aims to draw staff from the communities it serves, with over half of its staff coming from local workforce development agencies in Chicago.
Official website here: www.chicagofurniturebank.org
What is the revenue of Chicago Furniture Bank?
Chicago Furniture Bank's revenue in 2023 was $9,883,311.
Official website here: www.chicagofurniturebank.org
Who are the executives of Chicago Furniture Bank and what are their salaries?
The average compensation at Chicago Furniture Bank during 2023 was $68,491. There are 46 employees and 866 volunteers at Chicago Furniture Bank.
Here are 15 key members and their salaries:
- Compensation: $123,455
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- Other: $3,025
- Compensation: $123,455
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- Other: $3,088
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- Compensation: $17,019
- Related: $0
- Other: $8
Official website here: www.chicagofurniturebank.org
Where can I find the form 990 for Chicago Furniture Bank?
Chicago Furniture Bank's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chicagofurniturebank.org
Learn more at the official website: www.chicagofurniturebank.org
Mission Statement of Chicago Furniture Bank
The Chicago Furniture Bank, a nonprofit organization, is dedicated to providing dignity, stability, and comfort to Chicagoans transitioning into supportive housing. It accomplishes this by allowing them to personally select an entire home's worth of furnishings. The bank operates through a single-member LLC, The Honest Junk Company, which offers residential cleanouts and commercial junk removal. All donated items in good condition are contributed to the cause, and the proceeds aid in supporting the Chicago Furniture Bank's operations.
The Chicago Furniture Bank's furniture program collects donated furniture from various parts of Chicago and stores it in a warehouse. The bank then distributes these items to families and individuals who are moving out of homelessness and shelters and into stabilized housing. The Chicago Furniture Bank has established partnerships with over 250 social service agencies, primarily serving victims of domestic violence, the formerly homeless, veterans, and those facing other crises. These partner agencies are able to schedule appointments for their clients to personally select their furniture. The organization aims to recruit staff from the communities it serves in the West and South Side of Chicago, with more than half of its staff coming from or being hired through local workforce development agencies in Chicago.
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Impact
July, 2024
Chicago Furniture Bank's impact is significant as it provides dignity, stability, and comfort to Chicagoans moving into supportive housing. By allowing individuals and families to hand-pick an entire home's worth of furnishings, the organization plays a crucial role in helping them transition from homelessness or shelters to stabilized housing. Partnering with over 250 social service agencies, including those serving victims of domestic violence, veterans, and individuals in crisis, Chicago Furniture Bank ensures that those in need have access to quality furniture to make their new space feel like home. Additionally, the organization's commitment to hiring locally from the communities it serves contributes to the empowerment and economic development of these areas. Through its innovative approach, Chicago Furniture Bank is making a tangible difference in the lives of those facing housing instability in Chicago.
This information is meant to be a general summary of Chicago 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: $3,318
- Program Service Revenue: $3,805,188
- Gross Receipts: $9,923,040
Assets and Liabilities:
- Total Assets: $4,112,290
- Total Liabilities: $603,202
- Net Assets: $3,509,088
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JUNK REMOVAL
Revenue
$2,212,572
DELIVERY
Revenue
$1,421,404
FURNITURE SALES
Revenue
$161,462
RETURN MATRESS FEE
Revenue
$9,750
Organization Details
Founding Year
2018
Principal Officer
Andrew Witherspoon
Website
www.chicagofurniturebank.orgNTEE Category
Code: P50 - Human services
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