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Nonprofiteer
← HOUSING WORKS THRIFT SHOP INC

Form 990 for tax year 2023

Filed by HOUSING WORKS THRIFT SHOP INC.

Totals

Total revenue
$14,858,661
Total expenses
$14,197,081
Contributions and grants received
$15,850,263
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$991,602
Total assets, end of year
$31,025,874
Total liabilities, end of year
$14,759,172
Net assets or fund balances, end of year
$16,266,702
Program services expenses (Part IX)
$12,861,355
Management and general expenses
$1,335,726
Fundraising expenses
$0
Program service expenses (Part III)
$12,861,355

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,252,041

  • 1f · All other contributions, gifts and grants

    $14,598,222

  • 1g · Noncash contributions included above

    $14,395,269

  • 8a · Fundraising events: gross income

    $78,292

  • 8a · Fundraising events: contributions included on line 1c

    $1,252,041

  • 8b · Fundraising events: direct expenses

    $957,226

  • 8c · Net income from fundraising events

    total -$878,934 · excluded -$878,934

  • 10a · Gross sales of inventory

    $14,416,075

  • 10b · Cost of goods sold

    $14,643,075

  • 10c · Net income from sales of inventory

    total -$227,000 · related or exempt -$227,000

  • 11d · All other revenue

    total $114,332 · related or exempt $114,332

  • 11e · Other revenue, total

    $114,332

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,688,691 · program services $5,352,965 · management and general $1,335,726

  • 11b · Fees: legal

    total $10,822 · program services $10,822

  • 11g · Fees: other

    total $1,490,302 · program services $1,490,302

  • 12 · Advertising and promotion

    total $102,033 · program services $102,033

  • 13 · Office expenses

    total $525,182 · program services $525,182

  • 17 · Travel

    total $3,904,849 · program services $3,904,849

  • 18 · Travel or entertainment for public officials

    total $193,407 · program services $193,407

  • 20 · Interest

    total $269,177 · program services $269,177

  • 22 · Depreciation, depletion and amortization

    total $103,661 · program services $103,661

  • 23 · Insurance

    total $133,907 · program services $133,907

  • 24a · Other expenses: CARTAGE

    total $617,823 · program services $617,823

  • 24b · Other expenses: EQUIPMENT RENTAL, REPAI

    total $83,321 · program services $83,321

  • 24c · Other expenses: STAFF EXPENSE

    total $36,531 · program services $36,531

  • 24d · Other expenses: EVENT EXPENSE

    total $6,066 · program services $6,066

  • 24e · All other expenses

    total $31,309 · program services $31,309

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $843,145 · end of year $1,710,765

  • 8 · Inventories for sale or use

    beginning of year $3,723,063 · end of year $3,702,259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $232,094 · end of year $226,448

  • 10a · Land, buildings and equipment: cost or other basis

    $1,890,507

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,634,572

  • 10c · Land, buildings and equipment, net

    beginning of year $259,507 · end of year $255,935

  • 14 · Intangible assets

    beginning of year $10,446,506 · end of year $13,102,127

  • 15 · Other assets

    beginning of year $12,148,143 · end of year $12,028,340

  • 17 · Accounts payable and accrued expenses

    beginning of year $710,557 · end of year $744,260

  • 25 · Other liabilities

    beginning of year $11,336,779 · end of year $14,014,912

  • 27 · Net assets without donor restrictions

    beginning of year $15,605,122 · end of year $16,266,702

Mission and programs · 2023

Mission

HOUSING WORKS THRIFT SHOP, INC. WAS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF PROVIDING RELIEF, ASSISTANCE AND FINANCIAL SUPPORT, DIRECTLY OR INDIRECTLY TO HOMELESS PERSONS LIVING WITH AIDS OR HIV-RELATED ILLNESSES. HOUSING WORKS THRIFT SHOPS RECEIVES DONATED GOODS FROM MEMBERS OF THE GENERAL PUBLIC AND SELLS THESE ITEMS FROM THIRTEEN SHOPS LOCATED THROUGHOUT NEW YORK CITY.

Activities or mission (Part I)

THRIFT SHOPS TO PROVIDE SUPPORT TO HOMELESS PERSONS LIVING WITH AIDS OR HIV-RELATED ILLNESSES.

  • THE HOUSING WORKS THRIFT SHOP, INC. OCCUPY THIRTEEN UPSCALE LOCATIONS IN NEW YORK CITY, SELLING HIGH-END VINTAGE TREASURES TO BARGAIN HUNTERS AND FASHIONISTAS ALIKE. THE THRIFT SHOPS RECEIVED APPROXIMATELY $10 MILLION IN DONATED GOODS THAT WERE ULTIMATELY SOLD IN ITS STORES. ALL FUNDS RECEIVED ARE USED TO ASSIST HOMELESS PERSONS WITH AIDS AND HIV-RELATED ILLNESSES.

    Expenses $12,861,355

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRUCE STARR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CATHY TORELLI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • E O'BRIEN KELLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FABRICE HOUDART

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GUIA GOLDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY TOUSEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER FOYLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISLE RICHARDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW MARCHAK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIA MORETTI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL S GORDON ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • NEIL PIRIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORMA MASCAROTTI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL MUNKHOLM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SALLY SHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN FERRARA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVEN HORN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TUCKER BELLINGRATH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM J GILBANE III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YASMINE JORGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YETTA BANKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES KING

    PRESIDENT & CEO

    Total calculated
    $473,511
    From this org
    $0
    From related orgs
    $452,553
    Other
    $20,958
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,391 related
    Bonus
    $0 + $74,400 related
    Other
    $0 + $762 related
    Deferred
    $0 + $4,500 related
    Nontaxable benefits
    $0 + $16,458 related
    Filer's total
    $0 + $473,511 related

  • CHERYL GRIMM

    VP THRIFT SHOPS

    Total calculated
    $187,031
    From this org
    $0
    From related orgs
    $168,306
    Other
    $18,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $158,722 related
    Bonus
    $0 + $9,222 related
    Other
    $0 + $362 related
    Deferred
    $0 + $3,309 related
    Nontaxable benefits
    $0 + $15,416 related
    Filer's total
    $0 + $187,031 related

  • JOLANTA ILCZUK

    CHIEF FINANCIAL OFFICER/SECRETARY

    Total calculated
    $274,094
    From this org
    $0
    From related orgs
    $266,895
    Other
    $7,199
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,633 related
    Bonus
    $0 + $35,500 related
    Other
    $0 + $762 related
    Deferred
    $0 + $4,653 related
    Nontaxable benefits
    $0 + $2,546 related
    Filer's total
    $0 + $274,094 related

  • MATTHEW BERNARDO

    CHIEF OPERATING OFFICER /CHAIR

    Total calculated
    $382,326
    From this org
    $0
    From related orgs
    $349,156
    Other
    $33,170
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,298 related
    Bonus
    $0 + $58,600 related
    Other
    $0 + $258 related
    Deferred
    $0 + $5,758 related
    Nontaxable benefits
    $0 + $27,412 related
    Filer's total
    $0 + $382,326 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CEO COMPENSATION IS DETERMINED BY THE PARENT ORGANIZATION, HOUSING WORKS, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349300318

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