JACKSONVILLE, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE GIVING CLOSET PROJECT INC, founded in 2016, is a community nonprofit in the Youth Development sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 302% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 7% surplus.
THE GIVING CLOSET PROJECT (GCP) MISSION IS TO BREAK THE CYCLE OF POVERTY BY PROVIDING PHYSICOLOGICAL NEEDS OF CLOTHING AND HYGIENE PRODUCTS TO FLORIDA STUDENTS EXPERIENCING HOMELESSNESS AND POVERTY VIA A NETWORK OF 50+ SOCIAL SERVICE AGENCIES AND SCHOOLS. AT THE HEART OF OUR MISSION, IS A COMMITMENT TO DIGNITY, STABILITY, AND OPPORTUNITY. UNSTABLE EVIRONMENTS, HOMELESSNESS, AND LIMITED ACCESS TO VITAL RESOURCES CAN CAST SHADOWS ON THE EDUCATIONAL JOURNEY AND OFTEN LEAD TO BULLYING, CHRONIC ABSENTEEISM, AND THE INABILITY TO FOCUS IN THE CLASSROOM. GCPS MISSION IS TO REDUCE OR ELIMINATE THESE BARRIERS THROUGH THE PROVISION OF MUCH-NEEDED CLOTHING RESOURCES AND HYGIENE SUPPLIES. GCP CRITICAL WRAPAROUND ESSENTIALS, SUPPORT STUDENT ATTENDANCE, AND ALSO ELEVATES THEIR SELF-ESTEEM AND DIGNITY. OUR PROFOUND GOAL IS TO STAND AS A BARRIER AGAINST THE WEIGHT OF EMBARRASSMENT, SHAME, AND THE NEGATIVE REPERCUSSIONS THAT OFTEN ARISE FROM CIRCUMSTANCES BEYOND THEIR CONTROL.
THROUGH OUR ONLINE PORTAL AND COMMUNITY EVENTS, WE SERVED A TOTAL OF 1,907 PROVIDING $660,400 WORTH OF CLOTHING (UNIFORMS & CASUAL WEAR) SOCKS, UNDERWEAR, SHOES AND HYGIENE ITEMS. WE PROVIDED THIS...
THROUGH OUR ONLINE PORTAL AND COMMUNITY EVENTS, WE SERVED A TOTAL OF 1,907 PROVIDING $660,400 WORTH OF CLOTHING (UNIFORMS & CASUAL WEAR) SOCKS, UNDERWEAR, SHOES AND HYGIENE ITEMS. WE PROVIDED THIS SERVICE TO 47 AGENCIES/SOCIAL SERVICES ORGANIZATIONS AND 98 SCHOOLS THROUGHOUT DUVAL. THROUGH ESSENTIAL ANGELS, THE GCP PALM BEACH HUB LOCATED AT RIVIERA BEACH PREPARATORY AND ACHIEVEMENT ACADEMY, SERVED 2,029 STUDENTS IN THE PALM BEACH COUNTY.
COACH GIVEAWAY - PROVIDED OUR PARTNER AGENCIES AND SELECT SCHOOLS WITH COACH BAGS/PURSES TO GIVE TO STAFF AND TEACHERS FOR TEACHER APPRECIATION WEEK. ALL OF THIS WAS MADE POSSIBLE THROUGH OUR...
COACH GIVEAWAY - PROVIDED OUR PARTNER AGENCIES AND SELECT SCHOOLS WITH COACH BAGS/PURSES TO GIVE TO STAFF AND TEACHERS FOR TEACHER APPRECIATION WEEK. ALL OF THIS WAS MADE POSSIBLE THROUGH OUR PARTNERSHIP WITH SOLES4SOULS OUT OF NASHVILLE, TN.
HOLIDAY GIVEAWAYS - THANKSGIVING GIVEAWAY ADOPTED 100 FAMILIES PROVIDED TURKEYS AND ALL OF THE FIXINGS THAT GO ALONG WITH A THANKSGIVING DINNER. IN ADDITION, WE HAD FOOD TRUCKS, A BOUNCE HOUSE...
HOLIDAY GIVEAWAYS - THANKSGIVING GIVEAWAY ADOPTED 100 FAMILIES PROVIDED TURKEYS AND ALL OF THE FIXINGS THAT GO ALONG WITH A THANKSGIVING DINNER. IN ADDITION, WE HAD FOOD TRUCKS, A BOUNCE HOUSE, POP-UP SHOE BOUTIQUE FLAG FOOTBALL HOSTED BY FORMER NFL PLAYER AND ALLOWED TO SHOP IN OUR CLOSET AT MLK ELEMENTARY CHRISTMAS GIVEBACK - PROVIDED OVER 100 YOUTH WITH CHRISTMAS PRESENTS DURING OUR EVENT. STUDENTS ALSO RECEIVED A BRAND-NEW PAIR OF SNEAKERS SOCKS AND WERE PROVIDED A MEAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,885,576 | $469,250 | +3.0% |
| Expenses | $1,752,672 | $498,849 | +2.5% |
| Net Income | $132,904 | $-29,599 | -5.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JENNIFER SMITH | CEO/EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $0 | $0 |
| CYNTHIA SWANK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WILSHEM PENNICK | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| DEAN MEDLY | PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| JEFF MCCAIN | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| CHRISTINE JOHNSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSH COOKSEY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LINDA CALOIA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK SIMMONDS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TRACY HAY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,885,576 | $1,752,672 | $7,424 | $132,904 |
| 2023 | $469,250 | $498,849 | $14,016 | $-29,599 |
| 2022 | $509,940 | $1,621,651 | $139,527 | $-1,111,711 |
| 2021 | $2,842,939 | $1,594,262 | $1,250,141 | $1,248,677 |
Compare THE GIVING CLOSET PROJECT INC with other nonprofits in Florida and across the country.