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Nonprofit · EIN 56-2610534

CLEVELAND FURNITURE BANK

Tax-exempt · PARMA, OH 44130

Financials

$2.4M$2.5M2023$2.3M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of CLEVELAND FURNITURE BANK by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$2,349,468$2,474,008-$124,540$3,447,024$2,608,501$838,523
September 30, 2024990$2,425,201$2,474,566-$49,365$1,057,973$94,910$963,063
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$942,470
Program service revenue
$380,041
Investment income
$1,335
Net income from fundraising events
$8,429
Net income from sales of inventory
$1,017,193
Other revenue
$1,025,622

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$132,623
Other salaries and wages
$868,930
Salaries, compensation and benefits (total)
$1,094,238
Professional fundraising fees
$0
Accounting fees
$14,300
Occupancy
$389,734
Depreciation
$49,782
Program services (functional)
$2,353,578
Management and general (functional)
$89,590
Fundraising (functional)
$30,840

Balance sheet and other

Total assets, start of year
$1,057,973
Total assets, end of year
$3,447,024
Total liabilities, end of year
$2,608,501
Net assets, end of year
$838,523
Land, buildings and equipment
$224,786
Net assets without donor restrictions
$791,525
Net assets with donor restrictions
$46,998
Gross receipts
$2,349,468
Employees
39
Volunteers
71
Year formed
2006
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
THOMAS E GAGHANEXEC DIR
Officer
40$132,064$560
STEPHANIE CANUTEACCOUNTANT
Officer
18$27,756$0
MICHELLE B CREGERGOVERNANCE
Trustee or director
1$0$0
GARY EDDYDIRECTOR
Trustee or director
1$0$0
NATHAN HUNTVICE PRESIDE
Trustee or director, Officer
1$0$0
LISA KAYDIRECTOR
Trustee or director
1$0$0
JOHN M KLIPFELLDIRECTOR
Trustee or director
1$0$0
DIANA LEITCHDIRECTOR
Trustee or director
1$0$0
MICHELLE MANNODIRECTOR
Trustee or director
1$0$0
THOMAS SCHUCKERTDIRECTOR
Trustee or director
1$0$0
LISA VIDACSDIRECTOR
Trustee or director
1$0$0
CHARLES WALKERDIRECTOR
Trustee or director
1$0$0
SARA BARLETTSECRETARY
Officer
1$0$0
JOE GILBERTTREASURER
Officer
1$0$0
MATTHEW MURDOCKPRESIDENT
Officer
1$0$0
990 for the year ended September 30, 2024: 13 people
NameTitleHours / weekCompensationOther / benefits
THOMAS E GAGHANEXEC DIR
Officer
40$110,612$515
STEPHANIE CANUTEACCOUNTANT
Officer
18$27,584$0
MICHELLE B CREGERGOVERNANCE
Trustee or director
1$0$0
NATHAN HUNTVICE PRESIDE
Trustee or director, Officer
1$0$0
LISA KAYDIRECTOR
Trustee or director
1$0$0
JOHN M KLIPFELLDIRECTOR
Trustee or director
1$0$0
DIANA LEITCHDIRECTOR
Trustee or director
1$0$0
THOMAS SCHUCKERTDIRECTOR
Trustee or director
1$0$0
LISA VIDACSDIRECTOR
Trustee or director
1$0$0
CHARLES WALKERDIRECTOR
Trustee or director
1$0$0
SARA BARLETTSECRETARY
Officer
1$0$0
JOE GILBERTTREASURER
Officer
1$0$0
MATTHEW MURDOCKPRESIDENT
Officer
1$0$0

Address and contacts

Address (IRS master file)
6101 W 130TH ST STE 100, PARMA, OH 44130-1075
In care of
% THOMAS GAGHAN
Principal officer (990 for 2024)
THOMAS E GAGHAN, 6101 WEST 130TH, PARMA, OH 44130
Signed the 990
THOMAS E GAGHAN, EXEC DIR
Phone
(216) 459-2265
Return prepared by
MCMANUS DOSEN & CO

Mission

THE CFB PROVIDES FURNISHINGS AND OTHER HOUSEHOLD ITEMS RECEIVED BY DONATION TO QUALIFIED LOW INCOME INDIVIDUALS THROUGH THE OPERATION OF A FURNITURE BANK AND RETAIL STORE FOR THE BENEFIT OF THE GREATER CLEVELAND COMMUNITY.

990 for the year ended September 30, 2025

Program accomplishments

  • THE COLLECTION AND DISTRIBUTION OF FURNITURE, CLOTHING, APPLIANCES, AND OTHER HOUSEHOLD ITEMS RECEIVED BY DONATION TO QUALIFIED LOW INCOME INDIVIDUALS THROUGH THE OPERATION OF A LARGE-SCALE FURNITURE BANK AND RETAIL STORE. DURING FISCAL 2025, 598,043 IN DONATED MERCHANDISE WAS DISTRIBUTED.
    Expenses $2,353,578 · revenue $380,041

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
56-2610534
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$3,447,024
Income (IRS master file)
$2,349,468

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$2,349,468$2,474,008$3,447,024XML
990September 2024$2,425,201$2,474,566$1,057,973XML
990September 2023$2,394,587$2,328,865$1,491,791IRS
990September 2022–––IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2610534).

Questions about CLEVELAND FURNITURE BANK

What is the EIN of CLEVELAND FURNITURE BANK?
The employer identification number (EIN) of CLEVELAND FURNITURE BANK is 56-2610534.
Is CLEVELAND FURNITURE BANK tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to CLEVELAND FURNITURE BANK tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLEVELAND FURNITURE BANK file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CLEVELAND FURNITURE BANK due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CLEVELAND FURNITURE BANK last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of CLEVELAND FURNITURE BANK?
The 990 for the year ended September 30, 2025 names THOMAS E GAGHAN.
Who are the officers and directors of CLEVELAND FURNITURE BANK?
The 990 for the year ended September 30, 2025 lists 15 people; 2 received compensation from the organization, the highest $132,064 (THOMAS E GAGHAN, EXEC DIR).
How much revenue does CLEVELAND FURNITURE BANK have?
On its 990 for the year ended September 30, 2025 it reported revenue of $2,349,468, expenses of $2,474,008 and total assets of $3,447,024 at year end.

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