GIFTS FOR THE HOMELESS

EIN: 521593963 501(c)(3) Human Services

Washington, DC

Total Revenue
$588,209
Total Expenses
$528,116
Total Assets
$367,796
Net Assets
$366,445
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DC
Principal Officer
Bart Epstein
Tax Period
2023-01-01 to 2023-12-31

GIFTS FOR THE HOMELESS, founded in 1986, is a small nonprofit in the Human Services sector that reported $588K in total revenue in fiscal year 2023. Expenses of $528K left a modest 10% surplus.

Mission

Gifts for the Homeless, Inc. (GFTH) collects donations of used clothing, blankets and other items, and monetary donations to purchase new clothing, blankets and other items. These new and used items are distributed to area homeless support organizations.

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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 $588,209
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $588,209

Expense Breakdown

Grants Paid $515,597
Salaries & Benefits $0
Fundraising Expenses $7,699
Program Expenses $515,597
Other Expenses $12,519
TOTAL EXPENSES $528,116

Year-over-Year Comparison

2023 2022 Change
Revenue $588,209 $561,934 +0.0%
Expenses $528,116 $486,856 +0.1%
Net Income $60,093 $75,078 -0.2%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
175

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
6
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bart Epstein President 5
Officer Director
$0 $0 $0
Jerry Comizio Vice President 5
Officer Director
$0 $0 $0
Jay Owen Vice President 5
Officer Director
$0 $0 $0
David Brown Vice President for Development 5
Officer Director
$0 $0 $0
Liban Jama Treasurer 5
Officer Director
$0 $0 $0
Christina Clark Secretary 5
Director
$0 $0 $0
Chris Dorsey Member 2
Director
$0 $0 $0
Robert Dorsey Member 2
Director
$0 $0 $0
Laurie Glassman Member 2
Director
$0 $0 $0
Jonathan Goodrich Member 2
Director
$0 $0 $0
Rebecca Gordon Member 2
Director
$0 $0 $0
Ted Kornobis Member 2
Director
$0 $0 $0
Daniel Mader Member 2
Director
$0 $0 $0
Rebecca Menso Member 2
Director
$0 $0 $0
Kennon Poteat Member 2
Director
$0 $0 $0
Marissa Sams Member 2
Director
$0 $0 $0
Steve Spiegelhalter Member 2
Director
$0 $0 $0
Carol Weiser Member 2
Director
$0 $0 $0
Larry Williams Member 2
Director
$0 $0 $0
Joe Edmondson Member 2
Director
$0 $0 $0
Justin Loffredo Assistant Treasurer 5
Officer 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 $588,209 $528,116 $367,796 $60,093
2022 $561,934 $486,856 $307,703 $75,078
2021 $285,977 $309,152 $232,395 $-23,175
2020 $309,408 $144,819 $255,570 $164,589
2019 $661,250 $803,858 $90,980 $-142,608
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