Nonprofit · EIN 45-5538995
FURNISHING HOPE OF MASSACHUSETTS INC
Tax-exempt · CAMBRIDGE, MA 02138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $214,063 | $204,486 | $9,577 | $73,362 | $0 | $73,362 |
| December 31, 2023 | 990 | $220,820 | $183,961 | $36,859 | $63,785 | $0 | $63,785 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $201,251
- Program service revenue
- $12,809
- Investment income
- $3
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $71,166
- Other salaries and wages
- $47,878
- Salaries, compensation and benefits (total)
- $47,878
- Professional fundraising fees
- $0
- Accounting fees
- $5,183
- Occupancy
- $19,320
- Depreciation
- $34
- Program services (functional)
- $123,043
- Management and general (functional)
- $79,270
- Fundraising (functional)
- $2,173
Balance sheet and other
- Total assets, start of year
- $63,785
- Total assets, end of year
- $73,362
- Total liabilities, end of year
- $0
- Net assets, end of year
- $73,362
- Gross unrelated business income
- $3
- Gross receipts
- $214,063
- Employees
- 1
- Volunteers
- 19
- Year formed
- 2012
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUZANNE L PALITZ | PRESIDENT, TREASURER, DIRE Trustee or director, Officer | 30 | $0 |
| MARCIE BEHMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARCIA HEAD | DIRECTOR Trustee or director | 1 | $0 |
| GAIL ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH VERNON | DIRECTOR Trustee or director | 1 | $0 |
| ED FEIJO | DIRECTOR Trustee or director | 1 | $0 |
| DENISE JILLSON | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN M HARRINGTON | CLERK Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUZANNE L PALITZ | PRESIDENT, TREASURER, DIRE Trustee or director, Officer | 30 | $0 |
| MARCIE BEHMAN | DIRECTOR Trustee or director | 10 | $0 |
| MARCIA HEAD | DIRECTOR Trustee or director | 10 | $0 |
| GAIL ROBERTS | DIRECTOR Trustee or director | 10 | $0 |
| ELIZABETH VERNON | DIRECTOR Trustee or director | 10 | $0 |
| ED FEIJO | DIRECTOR Trustee or director | 10 | $0 |
| DENISE JILLSON | DIRECTOR Trustee or director | 10 | $0 |
| SUSAN M HARRINGTON | CLERK Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 4 CHANNING ST, CAMBRIDGE, MA 02138-4714
- In care of
- % SUZZANE PALITZ
- Principal officer (990 for 2024)
- SUZANNE L PALITZ, 4 CHANNING STREET, CAMBRIDGE, MA 02138
- Signed the 990
- SUZANNE L PALITZ, PRESIDENT & TREASURER
- Phone
- (857) 229-7528
- Website
- WWW.FURNISHINGHOPEMA.ORG
- Return prepared by
- LYNCH FINK HARRINGTON & GRAY LLP
Mission
COLLECTING AND WAREHOUSING HOUSEHOLD GOODS FOR DISTRIBUTION AND DELIVERY TO POOR, NEEDY OR DISTRESSED INDIVIDUALS AND FAMILIES IN NEED OF FINANCIAL ASSISTANCE, IN COOPERATION WITH AND/OR UPON REFERRAL BY CHARITABLE AND OTHER ORGANIZATIONS THAT SERVE SUCH DISADVANTAGED INDIVIDUALS OR GROUPS.
Program accomplishments
- 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 2024, THE ORGANIZATION'S ACTIVITIES CONTINUE TO THRIVE, COLLECTING FURNITURE DONATIONS. WE CONTINUE TO COLLABORATE WITH HOUSEHOLD GOODS OF ACTON, MA [NON-PROFIT], ALLOWING US TO SAVE OVER $20,000.00 OF STORAGE COSTS, ANNUALLY. OUR ORGANIZATION MAINTAINED ITS ARRANGEMENTS WITH 33 OF THE REFERRAL AGENCIES, ADDING 3 NEW AGENCIES IN 2024. IN CONNECTION WITH THESE REFERRALS, THE ORGANIZATION DISTRIBUTED INVENTORY HAVING A VALUE OF $71,166 OBTAINED THROUGH IN-KIND DONATIONS, TO 118 FAMILIES [213 CHILDREN/140 ADULTS]. THE ORGANIZATION PURCHASED AND DISTRIBUTED ADDITIONAL INVENTORY VALUED AT $11,259.94.PROGRAM EXPENSES OF $51,175.00 REPRESENT MOVING EXPENSES FOR PICK-UP AND DELIVERY OF INVENTORY TO THE ORGANIZATION'S CLIENTS.2024 THE NUMBER OF INDIVIDUAL ITEMS OF FURNITURE DELIVERED WAS 15,406. [INCLUDES FURNITURE AND HOME GOODS]INVENTORY VALUES ARE BASED ON VALUATION GUIDELINES FOR SET BY THRIFT STORE VALUES, PUBLISHED BY SIMILAR ORGANIZATIONS.Expenses $51,175 · grants $61,157
- HAVING INVENTORY OF $71,166.08 TO DISTRIBUTE THESE INKIND DONATIONS, THE ORGANIZATION INCURRED $51,175.00 TO COVER DELIVERY AND PICK UP EXPENSES. THE ORGANIZATION RECEIVED IN-KIND DONATIONS FROM 192 [66 IN 2023] INDIVIDUALS SOME DIRECTLY AND SOME INDIVIDUALS WHO MADE DONATIONS INDIRECTLY THROUGH FOR-PROFIT ORGANIZATIONS WITH WHICH THE ORGANIZATION HAS AGREEMENTS IN PLACE. 2024 THERE WERE NO EXPENSES INCURRED TO COVER STORAGE COSTS THANKS TO THE ORGANIZATIONS COLLABORATION WITH HOUSEHOLD GOODS OF ACTON, MA [NON-PROFIT].2024 THE NUMBER OF INDIVIDUAL ITEMS OF FURNITURE DELIVERED WAS 15,406 VS 8,968 IN 2023. [INCLUDES FURNITURE AND HOME GOODS]Expenses $61,859
- IN FURTHERANCE OF ITS MISSION TO PROVIDE FAMILIES WITH THE GOODS NECESSARY TO FULLY FURNISH THEIR HOME, INCLUDING COMMON HOUSEHOLD GOODS, THE ORGANIZATION PURCHASED $10,009.25 OF NEW HOUSEHOLD ITEMS. THE ORGANIZATION COMBINED THE PURCHASED ITEMS WITH DONATED INVENTORY VALUED AT $9,167.83 THUS CREATING THE "STARTER SETS" WITH A COMBINED VALUE OF $19,177.08 DISTRIBUTED TO FAMILIES.Expenses $10,009 · grants $10,009
- THE ORGANIZATION HELD TWO FUNDRAISING EVENTS, SILENT AUCTION AND ICE PARTY/RAFFLE. THESE EVENTS ARE HELD TO FUTHER THE ORGANIZATION'S EXEMPT PURPOSE. THE AUCTION, RAFFLE AND ICE PARTY RECEIVED GROSS REVENUE OF $7,712.85.revenue $7,713
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5538995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $73,362
- Income (IRS master file)
- $214,063
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $214,063 | $204,486 | $73,362 | XML |
| 990 | December 2023 | $220,820 | $183,961 | $63,785 | XML |
| 990 | December 2022 | $161,683 | $203,730 | $26,926 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5538995).
Questions about FURNISHING HOPE OF MASSACHUSETTS INC
- What is the EIN of FURNISHING HOPE OF MASSACHUSETTS INC?
- The employer identification number (EIN) of FURNISHING HOPE OF MASSACHUSETTS INC is 45-5538995.
- Is FURNISHING HOPE OF MASSACHUSETTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to FURNISHING HOPE OF MASSACHUSETTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FURNISHING HOPE OF MASSACHUSETTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FURNISHING HOPE OF MASSACHUSETTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FURNISHING HOPE OF MASSACHUSETTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FURNISHING HOPE OF MASSACHUSETTS INC?
- The 990 for the year ended December 31, 2024 names SUZANNE L PALITZ.
- Who are the officers and directors of FURNISHING HOPE OF MASSACHUSETTS INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does FURNISHING HOPE OF MASSACHUSETTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $214,063, expenses of $204,486 and total assets of $73,362 at year end.
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