House Of Bread Inc
- Assets
- $8.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Hartford, CT
- Founding
- 02/1983
- Data as of
- 12/2023
- EIN
- 06-1073478
Organization Overview
House Of Bread Inc is located in Hartford, CT. The organization was established in 1983. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, House Of Bread Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of Bread 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 12/2023, House Of Bread Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE URBAN MINISTRY TO THE ECONOMICALLY DISADVANTAGED IN THE HARTFORD AREA. SIMPLICITY, DIGNITY AND RESPECT ARE TO BE CHARACTERISTICS OF OUR SERVICES TO THE HUNGRY, HOMELESS AND NEEDY POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUP KITCHEN & DAY SHELTER: PROVIDE FREE MEALS TO THE POOR AND HOMELESS, PROVIDE DAY SHELTER TO THE HOMELESS, PROVIDE PERSONAL COUNSELING AND LANGUAGE SUPPORT. ON AVERAGE, THE SOUP KITCHEN SERVES 190 INDIVIDUALS PER DAY AND SERVES APPROXIMATLEY 111,200 MEALS PER YEAR.
JUBILEE HOUSE: LOCATED AT 40 CLIFFORD STREET, JUBILEE HOUSE PROVIDES ENGLISH LITERACY AND SOCIAL INTEGRATION SERVICES TO LOW-INCOME HARTFORD RESIDENTS, ESPECIALLY IMMIGRANTS AND REFUGEES, IN ORDER FOR THEM TO ACQUIRE EMPLOYMENT, ACHIEVE SELF-SUFFICIENCY WITHIN SOCIETAL NETWORKS, SUSTAIN INDEPENDENCE, AND BECOME ACTIVE CITIZENS. JUBILEE HOUSE HAS TWO PRINCIPAL PROGRAM AREAS: ESOL (ENGLISH FOR SPEAKERS OF OTHER LANGUAGES) INSTRUCTION; AND THE REFUGEE & IMMIGRANT ASSISTANCE PROGRAM. THE BUILDING IS ALSO HOME TO WOMEN TRANSITIONING FROM SHELTER TO INDEPENDENT LIVING: 191,751. 23 LINCOLN STREET: PROVIDE LONG-TERM HOUSING FACILITY THAT OFFERS HOMELESS MEN JOB TRAINING AND EDUCATIONAL SKILLS TO ASSIST THEM TO LIVE INDEPENDENT OF SUPPORT SYSTEMS: 50,317. 88-90 CHESTNUT STREET: PROVIDE SHELTER FOR HOMELESS MALES: 43,950. OTHER PROGRAMS: 16,095.
KID'S CAFE: PROVIDE AN EVENING MEAL TO CHILDREN IN LOCAL ORGANIZED AFTER- SCHOOL PROGRAMS. ON AVERAGE, THE KID'S CAFE SERVES 250 STUDENTS PER DAY AND 102,600 MEALS PER YEAR.
ED O'NEIL HOUSE: LOCATED AT 107 ALBANY AVENUE AND 74 CHESTNUT STREET, THE ED O'NEIL HOUSE OFFERS TWENTY-SEVEN UNITS OF AFFORDABLE HOUSING. RESIDENTS ARE THE WORKING POOR AND FAMILIES AND/OR INDIVIDUALS WHO ARE LIVING IN TRANSITIONAL HOUSING AND PREPARING TO MOVE INTO PERMANENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Boyle Co-Director | Officer | 45 | $103,665 |
Thomas Porell Co-Director | Officer | 45 | $82,082 |
Sister Theresa Fonti Co-Founder | Trustee | 45 | $56,105 |
Sister Maureen Faenza Co-Founder | Trustee | 45 | $56,104 |
Arunan Arulampalam Director | Trustee | 2 | $0 |
Carole O Bavier Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $290,677 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,369,921 |
| Noncash contributions included in lines 1a–1f | $1,077,818 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,675,598 |
| Total Program Service Revenue | $247,074 |
| Investment income | $191,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$109,877 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,004,573 |
| 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. | $297,956 |
| Compensation of current officers, directors, key employees. | $43,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,330 |
| Payroll taxes | $50,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,049 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,507 |
| Fees for services: Other | $12,006 |
| Advertising and promotion | $0 |
| Office expenses | $17,938 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,673 |
| 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 | $113,704 |
| Insurance | $44,298 |
| All other expenses | $0 |
| Total functional expenses | $2,428,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,700 |
| Savings and temporary cash investments | $20,034 |
| Pledges and grants receivable | $771,152 |
| Accounts receivable, net | $390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,522 |
| Net Land, buildings, and equipment | $1,973,527 |
| Investments—publicly traded securities | $4,824,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,456 |
| Total assets | $7,967,086 |
| Accounts payable and accrued expenses | $70,349 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,575 |
| Total liabilities | $79,924 |
| Net assets without donor restrictions | $7,815,371 |
| Net assets with donor restrictions | $71,791 |
| 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 | $7,967,086 |