Bread & Roses Housing Inc
- Assets
- $2.3m
- Revenue
- $486.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Lawrence, MA
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 04-2983365
Organization Overview
Bread & Roses Housing Inc is located in Lawrence, MA. The organization was established in 1988. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Bread & Roses Housing Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread & Roses Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bread & Roses Housing Inc generated $486.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $345.0k during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, PRESERVE AND ADVOCATE FOR AFFORDABLE HOUSING OPPORTUNTIES FOR LOW-INCOME FAMILIES; SUPPORT FAMILIES' GOALS OF SELF SUFFICIENCY, EDUCATION AND EMPOWERMENT;
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAD & ROSES HOUSING'S AFFORDABLE HOME OWERSHIP OPPORTUNITIES ARE AMONG THE MOST ACCESSIBLE AND AFFORDABLE IN NEW ENGLAND. ITS COMMUNITY LAND TRUST MODEL, A PROGRESSIVE SOLUTION TO COMMUNITY CHANGE, TAKES THE VALUE OF THE LAND OUT OF THE HOME-BUYING PROCESS, PRESERVING THE LAND AS A COMMUNITY RESOURCE WHILE OPENING THE DOOR TO HOME OWNERSHIP TO VERY LOW INCOME FAMILIES. BESIDES CREATING AND PRESERVING AFFORDABLE HOME OWNERSHIP OPPORTUNITIES FOR HOUSEHOLDS TRADITIONALLY EXCLUDED FROM THE HOUSING MARKET, OUR FAMILY SUPPORT PROGRAM PROVIDES EDUCATION AND TRAINING, AS WELL AS NETWORKING AND ORGANIZING OPPORTUNTIES TO ENSURE FAMILIES' CONTINUED SUCCESS. ADVOCATING FOR THE HOUSING NEEDS OF LOW INCOME FAMILIES THROUGH COLLABORATIVE PARTNERSHIPS IS A KEY PRIORITY FOR THE ORGANIZATION. SINCE ITS INCEPTION, BREAD & ROSES HOUSING HAS CONDUCTED EDUCATION SEMINARS FOR OVER 2,700 LOW INCOME, FIRST TIME HOMEBUYERS AND ENABLED 54 FAMILIES TO OBTAIN AND MAINTAIN THEIR OWN HOME - FAMILIES THAT MIGHT HAVE NEVER HAD THE OPPORTUNITY TO PURCHASE THEIR OWN PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Gonzales President, Board Member | OfficerTrustee | 1 | $0 |
Marie Therese Chahine Treasurer, Board Member | OfficerTrustee | 1 | $0 |
Wanda Ortiz Board Member | Trustee | 1 | $0 |
Chris Rozzi Board Member | Trustee | 1 | $0 |
Cynthia Romero Board Member | Trustee | 1 | $0 |
Rikelma Vargas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,860 |
| Total Program Service Revenue | $126,862 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,423 |
| Compensation of current officers, directors, key employees. | $8,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,407 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $345,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $200,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $671,643 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,389,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,264,147 |
| Accounts payable and accrued expenses | $42,383 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $129,171 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $171,554 |
| Net assets without donor restrictions | $2,092,593 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,264,147 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Bread & Roses Housing Inc has recieved totaling $81,034.
| Awarding Organization | Amount |
|---|---|
Philanthropy Connection Inc Cambridge, MA PURPOSE: To provide funding | $25,000 |
Rogers Family Foundation Boston, MA PURPOSE: STABILIZING FAMILIES THROUGH AFFORDABLE HOMEOWNERSHIP | $20,000 |
The Garth Family Foundation Boston, MA PURPOSE: GENERAL FUND | $15,000 |
George P Bishop Foundation Inc Newburyport, MA PURPOSE: CREATE AND PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME FAMILIES. | $10,000 |
Nordson Corporation Foundation Westlake, OH PURPOSE: HOMELESS SERVICES | $5,000 |
Adelard A & Valeda Lea Roy Foundation Boston, MA PURPOSE: FAMILY SUPPORT AND ADVOCACY PROGRAMS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |