Bridging Az Furniture Bank

Nonprofit profile at a glance

EIN
201207001
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Scottsdale, AZ, USA
Phone
4803755454
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services N.E.C.

Official website

Reported finances

Revenue
$319,311
Expenses
$389,180
Assets
$51,841
Liabilities
$180,293

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Jim Piscopo (Executive Director)

People named in this filing

  • Jim Piscopo (Executive Director)
  • Pat Dodds (Director)
  • Kim Arries (Chair)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bridging AZ Furniture Bank is a unique service concept: Bridging AZ qualifies Social Service Agencies, and their caseworkers qualify the client who receives the furniture. Bridging AZ is Arizona's first and only furniture bank. In the past 20 years Bridging AZ has distributed over 380,000 items to families in need throughout Arizona, supporting over 200 social service agencies. Currently; Bridging AZ supports agencies who offer "Permanent Supportive Housing" to chronically homeless veterans and those who have disabilities both physically and/or mental. Bridging delivers furniture to 4-8 apartments per week. Each veteran receives an apartment of basic furniture, new cookware, linens and household items as well as a new bed and bed frame.

What it reported doing in 2024

Bridging Furniture Bank was founded in 2004. The Furniture Bank collects donated furniture and household items to distribute through social service agencies for their clients. All clients receiving furniture or household goods are identified, qualified and further supported by the referring agency. Bridging qualifies the Agency and the agencies case managers qualify the families. The Furniture Bank is a welcoming atmosphere where case managers from social service agencies can select items they need for their clients to start rebuilding their lives. In 2024 Bridging AZ delivered furniture to over 350 people including setting up 230 apartments for chronically homeless Veterans. Note: Expenses include $37,841 cash spent purchasing beds, furniture for clients. Program income is generated through sales of donated product and agency fees. Values of used in-kind goods based comparable sales method. Values of new items supplied by retailers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 64% for direct work, and 36% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 17
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.8%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 3.48; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: -5.3% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -3.2% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $388K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 43 of 44 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.