EIN 45-5538995

Furnishing Hope of Massachusetts

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
2012
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Furnishing Hope of Massachusetts collects and warehouses household goods for distribution and delivery to poor, needy or distressed individuals and families in need of financial assistance. The organization operates on formal written agreements with other organizations to provide basic furniture and household goods to clients. To distribute its inventory of $61,505.21, it incurs program expenses of $19,483.33 for storage expenses and $33,800.00 for delivery and pick up expenses. Furnishing Hope of Massachusetts also receives in-kind donations from 160 individuals.
Total revenues
$161,683
2022
Total expenses
$203,730
2022
Total assets
$26,926
2022
Num. employees
1
2022

Program areas at Furnishing Hope of Massachusetts

Furnishing Hope of Massachusetts was founded in 2012. It operates on formal written agreements with other organizations to provide basic furniture and household goods to clients. All clients receiving furniture are identified, qualified and further supported by the referring agency. In 2022,recovery from the pandemic continued to bring challenges, but the organization's activities continue to thrive, collecting furniture donations and significantly reducing our warehouse storage costs through a collaboration with household goods of acton, ma [non-profit]. The organization maintained its arrangements with 24 of the referral agencies, 18 agencies referred clients to the organization in 2022. In connection with these referrals, the organization distributed inventory having a value of $59,401.71, obtained through in-kind donations, to 81 families [152 children/93 adults]. The organization purchased and distributed additional inventory valued at $2,103.50.program expenses of $33,800.00 represent moving expenses for pick-up and delivery of inventory to the organization's clients.inventory values are based on the purchase price of new items and valuation guidelines, based on thrift store values, published by similar organizations for used items.
In furtherance of its mission to provide families with the goods necessary to fully furnish their home, including common household goods, the organization purchased $2,103.50 of new household items. The organization combined the purchased items with donated inventory valued at $13,705.75 thus creating the "starter sets" with a combined value of $15,809.25 distributed to families.
Having inventory of $61,505.21 to distribute, these in-inkind donations incurred program expenses of $19,483.33 to cover storage expenses and $33,800.00 to cover delivery and pick up expenses. The organization received in-kind donations from 160 individuals some directly and some individuals who made donations indirectly through for-profit organizations with which the organization has agreements in place.

Who funds Furnishing Hope of Massachusetts

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Head Family Charitable Foundation 5507-19-44Unrestricted$10,000
AmazonSmile FoundationGeneral Support$5

Personnel at Furnishing Hope of Massachusetts

NameTitleCompensation
Suzanne L PalitzPresident and Treasurer$0
Lisa Casey LabelleLabelle Clerk$0

Financials for Furnishing Hope of Massachusetts

RevenuesFYE 12/2022
Total grants, contributions, etc.$161,677
Program services$0
Investment income and dividends$6
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$161,683

Form 990s for Furnishing Hope of Massachusetts

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122022-02-07990View PDF
2018-122019-10-03990View PDF
...and 5 more Form 990s
Data update history
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 2, 2023
Updated personnel
Identified 6 new personnel
May 19, 2023
Used new vendors
Identified 1 new vendor, including
May 15, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from Massachusetts Bankers Association Charitable Foundation
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Human service organizationsFamily service centersHeadquarter / parent organizationsCharities
Issues
Human servicesReligion
Characteristics
ReligiousChristianState / local levelTax deductible donations
General information
Address
131 Mount Auburn St Level B
Cambridge, MA 02138
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
furnishinghopema.org/ 
Phone
(857) 229-7528
IRS details
EIN
45-5538995
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P60: Emergency Assistance
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Central organization
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