Pa Furniture Warehouse
Nonprofit profile at a glance
- EIN
- 270929547
- IRS 990 coverage
- 2013–2015
- Forms available
- Form 990 2015
- Location
- Pittsburgh, PA, USA
- Phone
- 4129044099
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $428,441
- Expenses
- $381,162
- Assets
- $179,758
- Liabilities
- $2,072
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CHARLES GLADNEY (PRESIDENT)
- LOUANN ROSS (VICE PRESIDENT)
- LEE HIPPS (EXECUTIVE DIRECTOR)
Highest reported compensation
- LEE HIPPS (EXECUTIVE DIRECTOR): $83,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide quality home furnishings to low income families, individuals, and not-for-profit organizations at no cost or at a reduced price.
What it reported doing in 2015
We provide new furniture to low income families and individuals in the greater pittsburgh region at a nominal cost to the persons receiving the furniture. We have provided furniture for the living spaces (homes and apartments) of more than 1,500 families and individuals in the greater pittsburgh region during the past year. In addition, we partner with other organizations such as veterans leadership program, the urban league of greater pittsburgh and other local non-profits to provide home furnishings for their clients. We know that providing affordable access to goods, new beds, sofas and other household furniture improves the physical and psychological living environment and the stability of the families and individuals. This increased stability improves the overall stability of the neighborhood because people do not easily move out of a "nice" place. All our resources go toward the achievement of our purpose.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- 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. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 94
- Accountability: 84
- Sustainability: 48
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.5%; rating input score 96
- Program expense ratio: 90.9%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 79th 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 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 11%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 21.8%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: -11.2% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: 48.2% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 95.5% of revenue deployed · 90.9% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $346K in reported program spending
- Leadership: top reported pay $83K · 5 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2013 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.