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

GFTH serves the Washington DC-area homeless population by providing donated used clothing, blankets, toiletries, and related items to area homeless support organizations and by using monetary donations to purchase new clothing and blankets that the organization distributes to homeless support organizations that, in turn, distribute them to the Washington DC-area homeless population.

Program Service Accomplishments

Program 1
Expenses: $328,020 Revenue: $0

New clothing purchases: The organization purchases from wholesalers socks, underwear, hats, gloves, sweatshirts and sweatpants, jackets, blankets, and other items and donates these items to...

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New clothing purchases: The organization purchases from wholesalers socks, underwear, hats, gloves, sweatshirts and sweatpants, jackets, blankets, and other items and donates these items to Washington DC-area homeless support organizations. GFTH makes these new clothing donations primarily during the late fall and winter, in order to allow homeless support organizations to provide warm clothing and blankets to the homeless population they serve. GFTH collects funds to purchase new clothing and blankets from wholesale suppliers throughout the year.

Program 2
Expenses: $187,577 Revenue: $0

Used Clothing Drive: Beginning in October, area law firms, corporations, and other entities with ties to the Washington, DC legal community ask their employees to donate used clothing, blankets...

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Used Clothing Drive: Beginning in October, area law firms, corporations, and other entities with ties to the Washington, DC legal community ask their employees to donate used clothing, blankets, toiletries, and related items and to make monetary contributions for the purchase of new clothing and blankets. other individuals in the comunity who are not associated with these organizations or the legal community also provide donations for the purchase of new clothing and blankets. Each participating entity collets used clothing, toiletries, blankets and related items during the first weekend of December. Volunteers sort these donated items and assist in delivering these items to homeless support organizations in the Washington, DC area. The entire process occurs during a three-day weekend. The expenses listed here include the value of goods that GFTH distributed during the used clothing drive. Members of the board covered the costs of expenses necessary to execute the drive.

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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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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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