nonprofit logo

The Furniture Bank

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470907461 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Oli Mohammed (Executive Di)
  • Compensation: $67,042
  • Related: $0
  • Other: $0

    • Charles W Lindsay (Operations D)
  • Compensation: $11,095
  • Related: $0
  • Other: $0

    • Hal Lynde (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Cress (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kari Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Monacelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annie Lidge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Miles Marks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Duffy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Schnee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeanne Mayo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Harwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Matocha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Minerva Perez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fb-houston.org

    Where can I find the form 990 for The Furniture Bank?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Oli Mohammed

    Main Address

    8220 MOSLEY RD, HOUSTON, TX, 77075

    NTEE Category

    Code: P12 - Human services

    If you are a representative of The Furniture Bank and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.