THE JAMES STOREHOUSE INCORPORATED

EIN: 455012161 501(c)(3)

NEWBURY PARK, CA

Total Revenue
$1,054,919
Total Expenses
$938,084
Total Assets
$614,006
Net Assets
$608,806
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
KIRK DEWITT
Phone
8054997161
Tax Period
2023-01-01 to 2023-12-31

THE JAMES STOREHOUSE INCORPORATED, founded in 2012, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $938K left a modest 11% surplus.

Mission

James Storehouse serves children in foster care from cribs to college. We provide a comprehensive safety net of support including: furniture, clothing, home goods, transportation, transitional shelter, food, and mentorship programs. These resources and relationships break multi-generational cycles of abuse, neglect, and poverty in our community - mending broken families and preventing foster care removals for future generations to come.

Program Service Accomplishments

Program 1
Expenses: $752,693

Essential Resources: James Storehouse offers free resourcing with the intent of empowering fostering caregivers taking a child into their home, providing children in foster care with everything...

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Essential Resources: James Storehouse offers free resourcing with the intent of empowering fostering caregivers taking a child into their home, providing children in foster care with everything needed to feel safe and loved, helping biological parents safely reunify with their children, and preventing children from entering foster care simply due to poverty. Depending on the needs of the individual, we provide every resource needed to live sustainably including: furniture, clothing, diapers, food, toys, bedding, home goods, appliances, car seats, strollers, toiletries, etc. at no cost. James Storehouse provided appointments and deliveries for children in foster care, children at-risk of removal, youth aging out of foster care, formerly trafficked youth, and all their caregiving families in Ventura and Los Angeles Counties at our Resource Center. Resourcing these families relieves extreme financial and emotional burdens of caring for the most vulnerable children in our community.

Program 2
Expenses: $55,663

Transitional Housing: When youth in foster care turn 18 years old, they are left to fend for themselves, often becoming homeless within weeks of their birthday. The James Storehouse Transitional Home...

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Transitional Housing: When youth in foster care turn 18 years old, they are left to fend for themselves, often becoming homeless within weeks of their birthday. The James Storehouse Transitional Home is a safe place to land in a beautiful, dignifying haven to call home for females who have aged out of foster care, ages 18-22 years old. This home not only gives youth stable housing, but it also provides a trauma-informed, nurturing environment, and mentorship from a live-in James Storehouse staff member. With an extra crutch of support during these critical young adult years, these young people can thrive and transition successfully to complete independence of their own.

Program 3
Expenses: $23,381

Transportation: Reliable transportation is one of the biggest gaps in care for our teens and youth aging out of foster care. Youth often lack accessible transportation to get to and from work...

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Transportation: Reliable transportation is one of the biggest gaps in care for our teens and youth aging out of foster care. Youth often lack accessible transportation to get to and from work, school, and doctor appointments, creating major barriers for successful independence. We provided gently-used cars and bikes donated by generous community members at no cost for eligible aged-out youth. Before a vehicle is presented, we work with each youths social worker to ensure they are prepared for the responsibility of owning a vehicle and then we assist them with completing vehicle paperwork and car insurance of their own. With reliable transportation, youth are set up for success in their future schooling or career endeavors.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $925,400
Program Service Revenue $9,600
Investment Income $1,953
Other Revenue $117,966
TOTAL REVENUE $1,054,919

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,772
Fundraising Expenses $19,846
Program Expenses $831,737
Other Expenses $575,312
TOTAL EXPENSES $938,084

Year-over-Year Comparison

2023 2022 Change
Revenue $1,054,919 $680,449 +0.6%
Expenses $938,084 $686,845 +0.4%
Net Income $116,835 $-6,396 -19.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
17
Volunteers
750

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$87,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACY DEWITT Executive Dir. 40.00
Director
$87,000 $0 $87,000
KIRK DEWITT Chairman 10.00
Officer Director
$0 $0 $0
GREGORY MOORE Treasurer 4.00
Officer Director
$0 $0 $0
JULIE THURMAN Secretary 4.00
Officer Director
$0 $0 $0
SCOTT PACKHAM Director 4.00
Director
$0 $0 $0
SHELLEY SMITH Director 4.00
Director
$0 $0 $0
SCOTT MCCLAURY Director 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,054,919 $938,084 $614,006 $116,835
2022 $680,449 $686,845 $496,071 $-6,396
2021 $675,987 $484,921 $500,594 $191,066
2020 $424,632 $324,067 $324,245 $100,565
2019 $281,379 $238,399 $206,736 $42,980
2018 $257,576 $161,906 $163,756 $95,670
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