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Nonprofiteer
← HOUSING WORKS THRIFT SHOP INC

Form 990 for tax year 2024

Filed by HOUSING WORKS THRIFT SHOP INC.

Totals

Total revenue
$17,680,608
Total expenses
$14,275,990
Contributions and grants received
$19,047,067
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$1,366,459
Total assets, end of year
$32,975,816
Total liabilities, end of year
$13,304,496
Net assets or fund balances, end of year
$19,671,320
Program services expenses (Part IX)
$12,858,126
Management and general expenses
$1,417,864
Fundraising expenses
$0
Program service expenses (Part III)
$12,858,126

Program services were 90.1% 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

    $1,480,578

  • 1f · All other contributions, gifts and grants

    $17,566,489

  • 1g · Noncash contributions included above

    $17,297,318

  • 8a · Fundraising events: gross income

    $70,953

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

    $1,480,578

  • 8b · Fundraising events: direct expenses

    $1,078,497

  • 8c · Net income from fundraising events

    total -$1,007,544 · excluded -$1,007,544

  • 10a · Gross sales of inventory

    $15,462,910

  • 10b · Cost of goods sold

    $15,870,439

  • 10c · Net income from sales of inventory

    total -$407,529 · related or exempt -$407,529

  • 11a · Other revenue: SHIPPING FEES

    total $48,614 · related or exempt $48,614

  • 11e · Other revenue, total

    $48,614

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,125,177 · program services $5,707,313 · management and general $1,417,864

  • 11b · Fees: legal

    total $8,746 · program services $8,746

  • 11c · Fees: accounting

    total $19,323 · program services $19,323

  • 11g · Fees: other

    total $824,309 · program services $824,309

  • 12 · Advertising and promotion

    total $118,768 · program services $118,768

  • 13 · Office expenses

    total $472,319 · program services $472,319

  • 14 · Information technology

    total $134,473 · program services $134,473

  • 16 · Occupancy

    total $4,292,040 · program services $4,292,040

  • 17 · Travel

    total $153,272 · program services $153,272

  • 20 · Interest

    total $312,983 · program services $312,983

  • 22 · Depreciation, depletion and amortization

    total $49,287 · program services $49,287

  • 23 · Insurance

    total $123,394 · program services $123,394

  • 24a · Other expenses: CARTAGE

    total $552,338 · program services $552,338

  • 24b · Other expenses: EQUIPMENT RENTAL, REPAI

    total $46,451 · program services $46,451

  • 24c · Other expenses: EVENT EXPENSE

    total $29,298 · program services $29,298

  • 24d · Other expenses: STAFF EXPENSE

    total $2,625 · program services $2,625

  • 24e · All other expenses

    total $11,187 · program services $11,187

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,710,765 · end of year $293,633

  • 8 · Inventories for sale or use

    beginning of year $3,702,259 · end of year $5,623,051

  • 9 · Prepaid expenses and deferred charges

    beginning of year $226,448 · end of year $536,557

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

    $1,890,507

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

    $1,683,859

  • 10c · Land, buildings and equipment, net

    beginning of year $255,935 · end of year $206,648

  • 14 · Intangible assets

    beginning of year $13,102,127 · end of year $11,459,821

  • 15 · Other assets

    beginning of year $12,028,340 · end of year $14,856,106

  • 17 · Accounts payable and accrued expenses

    beginning of year $744,260 · end of year $975,336

  • 25 · Other liabilities

    beginning of year $14,014,912 · end of year $12,329,160

  • 27 · Net assets without donor restrictions

    beginning of year $16,266,702 · end of year $19,671,320

Mission and programs · 2024

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 $12,858,126

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALICIA PARKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARRIE SCARDINA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRUCE STARR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • E O'BRIEN KELLEY

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH PREIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FABRICE HOUDART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FLAVIO STAHL

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GUIA GOLDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • J LOGAN HORNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACOB JORDAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY TOUSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER FOYLE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MEG HALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELODY WEIR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIA MORETTI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL S GORDON ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • NEIL PIRIE

    CHAIR

    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

  • RODNEY HAKES

    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

  • TRISH DONNELLY DAVIDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YETTA BANKS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • YUMI SHIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES KING

    PRESIDENT & CEO

    Total calculated
    $566,893
    From this org
    $0
    From related orgs
    $537,481
    Other
    $29,412
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $465,469 related
    Bonus
    $0 + $71,250 related
    Other
    $0 + $762 related
    Deferred
    $0 + $7,875 related
    Nontaxable benefits
    $0 + $21,537 related
    Filer's total
    $0 + $566,893 related

  • CHERYL GRIMM

    VP THRIFT SHOPS

    Total calculated
    $196,097
    From this org
    $0
    From related orgs
    $174,712
    Other
    $21,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $168,136 related
    Bonus
    $0 + $6,180 related
    Other
    $0 + $396 related
    Deferred
    $0 + $4,768 related
    Nontaxable benefits
    $0 + $16,617 related
    Filer's total
    $0 + $196,097 related

  • IAN HANLEY

    CHIEF FINANCIAL OFFICER (FROM 1/25)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • JOLANTA ILCZUK

    CHIEF FINANCIAL OFFICER (THRU 7/24)

    Total calculated
    $274,536
    From this org
    $0
    From related orgs
    $269,230
    Other
    $5,306
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,627 related
    Bonus
    $0
    Other
    $0 + $603 related
    Deferred
    $0 + $3,722 related
    Nontaxable benefits
    $0 + $1,584 related
    Filer's total
    $0 + $274,536 related

  • MARIUSZ GOLIANEK

    INTERIM CFO (FROM 8/24-THRU 12/24)

    Total calculated
    $250,497
    From this org
    $0
    From related orgs
    $226,087
    Other
    $24,410
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,544 related
    Bonus
    $0 + $48,483 related
    Other
    $0 + $60 related
    Deferred
    $0 + $5,081 related
    Nontaxable benefits
    $0 + $19,329 related
    Filer's total
    $0 + $250,497 related

  • MATTHEW BERNARDO

    CHIEF OPERATING OFFICER

    Total calculated
    $434,721
    From this org
    $0
    From related orgs
    $386,987
    Other
    $47,734
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,229 related
    Bonus
    $0 + $52,500 related
    Other
    $0 + $258 related
    Deferred
    $0 + $8,313 related
    Nontaxable benefits
    $0 + $39,421 related
    Filer's total
    $0 + $434,721 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601359349300720

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