Furnish For Good Inc

EIN: 842758965 501(c)(3) Housing & Shelter

Charlotte, NC

Total Revenue
$1,013,558
Total Expenses
$942,038
Total Assets
$815,654
Net Assets
$809,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
Maggie Morton
Phone
7044456838
Tax Period
2024-06-01 to 2025-05-31

Furnish For Good Inc, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $942K left a modest 7% surplus.

Mission

To connect furniture and household goods to individuals and families transitioning out of homelessness, poverty and other dire circumstances through the effective re-use of quality furniture and household donations.

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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 $777,734
Program Service Revenue $213,327
Investment Income $22,497
Other Revenue $0
TOTAL REVENUE $1,013,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $503,117
Fundraising Expenses $37,961
Program Expenses $904,077
Other Expenses $438,921
TOTAL EXPENSES $942,038

Year-over-Year Comparison

2024 2023 Change
Revenue $1,013,558 $771,988 +0.3%
Expenses $942,038 $760,014 +0.2%
Net Income $71,520 $11,974 +5.0%
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
14
Independent Members
12
Employees
10
Volunteers
53

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
4
$126,567
Total Directors
12
$126,567
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maggie Morton Executive Director 40.00
Officer Director Highest
$126,567 $0 $126,567
Kitty Bray Boardmember 0.00
Director
$0 $0 $0
Genie Scheurer Community Volunteer Coordinator 0.00
Director
$0 $0 $0
Taylor Adams Board Member 0.00
Director
$0 $0 $0
Sharon Davis Board Member 0.00
Director
$0 $0 $0
David Harker Board Member 0.00
Director
$0 $0 $0
Ashley Pharr-Godbee Board Member 0.00
Director
$0 $0 $0
Valerie Busch Board Member 0.00
Director
$0 $0 $0
Katie Church Board Member 0.00
Director
$0 $0 $0
Jill Miller Board Member 0.00
Director
$0 $0 $0
Cerys Humphreys Board Member 0.00
Director
$0 $0 $0
Justin Storey Board Member 0.00
Director
$0 $0 $0
Mary Beth Hollett Chairman of the Board 25.00
Officer
$0 $0 $0
Robin Bellefuil SecretaryTreasurer 0.00
Officer
$0 $0 $0
Priscilla Chapman Vice Chair CoFounder 0.00
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 $1,013,558 $942,038 $815,654 $71,520
2024 $771,988 $760,014 $735,734 $11,974
2023 $823,732 $577,087 $712,923 $246,645
2022 $423,749 $303,918 $463,652 $119,831
2021 $361,484 $166,969 $343,821 $194,515
2020 $209,656 $60,350 $149,306 $149,306
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