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Nonprofit · EIN 47-0907461

FURNITURE BANK

Tax-exempt · HOUSTON, TX 77075

Financials

$4.8M$5.1M2023$3.2M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of FURNITURE BANK by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,220,895$2,907,216$313,679$3,610,169$3,432,633$177,536
December 31, 2023990$4,806,268$5,102,430-$296,162$4,000,319$4,121,713-$121,394
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,947,362
of which government grants
$1,040,178
Program service revenue
$1,215,292
Investment income
$57,403
Net gain from sales of assets
$55,000
Other revenue
$838

Expenses

Grants and similar amounts paid
$139,340
Compensation of officers, directors and key employees
$70,000
Other salaries and wages
$995,531
Salaries, compensation and benefits (total)
$1,172,157
Professional fundraising fees
$0
Depreciation
$140,234
Program services (functional)
$2,896,233
Management and general (functional)
$10,983

Balance sheet and other

Total assets, start of year
$4,000,319
Total assets, end of year
$3,610,169
Total liabilities, end of year
$3,432,633
Net assets, end of year
$177,536
Land, buildings and equipment
$2,701,493
Gross receipts
$3,220,895
Employees
53
Volunteers
160
Year formed
2003
State of legal domicile
TX

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.

NameTitleHours / weekCompensation
OLI MOHAMMEDEXECUTIVE DI
Officer
40$70,000
HAL LYNDEVICE CHAIRMA
Trustee or director, Officer
–$0
LARRY CRESSCHAIRMAN
Trustee or director, Officer
–$0
KARI SMITHDIRECTOR
Trustee or director
–$0
FRANK MONACELLIDIRECTOR
Trustee or director
–$0
MILES MARKSDIRECTOR
Trustee or director
–$0
PATRICK DUFFYDIRECTOR
Trustee or director
–$0
STEVEN SCHNEEDIRECTOR
Trustee or director
–$0
GARY MATOCHADIRECTOR
Trustee or director
–$0
PATRICIA BREWERDIRECTOR
Trustee or director
–$0
BERNADINE FALCODIRECTOR
Trustee or director
–$0
STEVEN FINGERDIRECTOR
Trustee or director
–$0
FRANCIE WILLISDIRECTOR
Trustee or director
–$0
MIKE WILLISDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
OLI MOHAMMEDEXECUTIVE DI
Officer
40$70,000
HAL LYNDEVICE CHAIRMA
Trustee or director, Officer
–$0
LARRY CRESSCHAIRMAN
Trustee or director, Officer
–$0
KARI SMITHDIRECTOR
Trustee or director
–$0
FRANK MONACELLIDIRECTOR
Trustee or director
–$0
ANNIE LIDGEDIRECTOR
Trustee or director
–$0
MILES MARKSDIRECTOR
Trustee or director
–$0
PATRICK DUFFYDIRECTOR
Trustee or director
–$0
STEVEN SCHNEEDIRECTOR
Trustee or director
–$0
JEANNE MAYODIRECTOR
Trustee or director
–$0
TOM HARWELLDIRECTOR
Trustee or director
–$0
GARY MATOCHADIRECTOR
Trustee or director
–$0
MINERVA PEREZDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
711 MOSLEY RD, HOUSTON, TX 77075-0000
In care of
% MAXIMILIANO JAMBRINA
Principal officer (990 for 2024)
OLI MOHAMMED, 8707 CACTUS LANE, ROSHARON, TX 77583
Signed the 990
OLI MOHAMMED, EXECUTIVE DIRECTOR
Phone
(713) 842-9771
Return prepared by
HRSS LLP

Mission

THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECTS AND DISTRIBUTES FURNITURE AND HOME FURNISHINGS TO THOSE IN NEED.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECT DISTRIBUTES FURNITURE AND HOME FURNISHINGS FREE OF CHARGE OR REDUCED IN PRICE FOR PEOPLE IN NEED THAT HAVE RECEIVED HOUSING ASSISTANCE THROUGH A SOCIAL SERVICE AGENCY OR CHARITY IN THE HOUSTON AREA. SERVICES HAVE BEEN PROVIDED FOR OVER 24000 FAMILIES SINCE FURNITURE BANK'S 1992 INCEPTION.
  • THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECT DISTRIBUTES FURNITURE AND HOME FURNISHINGS FREE OF CHARGE OR REDUCED IN PRICE FOR PEOPLE IN NEED THAT HAVE RECEIVED HOUSING ASSISTANCE THROUGH A SOCIAL SERVICE AGENCY OR CHARITY IN THE HOUSTON AREA. SERVICES HAVE BEEN PROVIDED FOR OVER 24000 FAMILIES SINCE FURNITURE BANK'S 1992 INCEPTION.
    Expenses $2,896,233 · grants $139,340 · revenue $1,215,292

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-0907461
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P12)
Assets (IRS master file)
$3,610,169
Income (IRS master file)
$3,220,895

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,220,895$2,907,216$3,610,169IRS
990December 2023$4,806,268$5,102,430$4,000,319XML
990December 2022$6,054,139$6,418,720$4,133,432IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 47-0907461).

Questions about FURNITURE BANK

What is the EIN of FURNITURE BANK?
The employer identification number (EIN) of FURNITURE BANK is 47-0907461.
Is FURNITURE BANK tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to FURNITURE BANK tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FURNITURE BANK 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 FURNITURE BANK 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 FURNITURE BANK 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 FURNITURE BANK?
The 990 for the year ended December 31, 2024 names OLI MOHAMMED.
Who are the officers and directors of FURNITURE BANK?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $70,000 (OLI MOHAMMED, EXECUTIVE DI).
How much revenue does FURNITURE BANK have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,220,895, expenses of $2,907,216 and total assets of $3,610,169 at year end.

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