Being kinda crazy, OCD about my organization, and working in a small space, I've got a place for everything and everything in it's place.
Patterns are kept in clear sleeves in a three ring binder. Actually 2 one for my own designs, one for purchased patterns. Then patterns are further divided by type (birds, robots, trees, etc. . .).
Hoops are kept in a hatbox. I also keep things like stabilizer in there.
Needles are kept in their own pincushion. Extras are kept in a needle box in the hoop box.
Floss. . . where here I've gone a bit mental. . . See?
It's all organized by color and number.
I've been told I need help, but then again I can always find what I'm looking for!