THE STOREHOUSE PROJECT INC

EIN: 464513921 501(c)(3) Religion

MILFORD, CT

Total Revenue
$491,163
Total Expenses
$401,302
Total Assets
$159,038
Net Assets
$159,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CT
Tax Period
2024-07-01 to 2025-06-30

THE STOREHOUSE PROJECT INC, founded in 2013, is a small nonprofit in the Religion sector that reported $491K in total revenue in fiscal year 2024. The organization ran a surplus of $90K, a strong 18% operating margin.

Mission

THE STOREHOUSE PROJECT (TSP) IS DESIGNED TO BE A PLACE OF REFUGE. TPS PROVIDES A COMPREHENSIVE PROGRAM OF SERVICES TO THOSE EXPERIENCING CHALLENGES IN MEETING BASIC NEEDS SUCH AS CLOTHING, FOOD, SHELTER, MEDICAL ASSISTANCE AND OTHER RELATED RESOURCES. TSP WILL ALSO PROVIDE A VARIETY OF TRAININGS OPPORTUNITIES DESIGNED TO HELP CLIENTS REACH A PLACE OF SELF- SUSTAINABILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $490,402
Program Service Revenue $0
Investment Income $761
Other Revenue $0
TOTAL REVENUE $491,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,692
Fundraising Expenses $0
Program Expenses $322,818
Other Expenses $240,610
TOTAL EXPENSES $401,302

Year-over-Year Comparison

2024 2023 Change
Revenue $491,163 $477,941 +0.0%
Expenses $401,302 $459,080 -0.1%
Net Income $89,861 $18,861 +3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
6
Employees
3
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT N/A
Officer
$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
2025 $491,163 $401,302 $159,038 $89,861
2024 $477,941 $459,080 $108,301 $18,861
2023 $577,989 $547,306 $98,496 $30,683
2022 $476,959 $495,945 $84,743 $-18,986
2021 $158,560 $161,801 $120,181 $-3,241
2020 $228,348 $142,956 $120,338 $85,392
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