BREAD & ROSES HOUSING INC

EIN: 042983365 501(c)(3)

LAWRENCE, MA

Total Revenue
$210,238
Total Expenses
$278,853
Total Assets
$2,672,696
Net Assets
$1,850,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MA
Principal Officer
ARLIN SANTIAGO PRESIDENT
Phone
9786851823
Tax Period
2023-07-01 to 2024-06-30

BREAD & ROSES HOUSING INC, founded in 1987, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Expenses of $279K exceeded revenue, resulting in a 33% operating deficit.

Mission

CREATE, PRESERVE AND ADVOCATE FOR AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME FAMILIES; SUPPORT FAMILIES' GOALS OF SELF SUFFICIENCY, EDUCATION AND EMPOWERMENT; IMPROVE ECONOMICALLY DISTRESSED NEIGHBORHOODS, AND ADVOCATE FOR THE AFFORDABLE HOUSING NEEDS OF FAMILIES' GOALS OF SELF SUFFICIENCY, EUDCATION AND EMPOWERMENT.

Program Service Accomplishments

Program 1
Expenses: $159,914 Revenue: $79,358

BREAD AND ROSES HOUSING'S AFFORDABLE HOME OWNERSHIP OPPORTUNITIES ARE AMONG THE MOST ACCESSIBLE AND AFFORDABLE IN NEW ENGLAND. ITS COMMUNITY LAND TRUST MODEL, A PROGRESSIVE SOLUTION TO COMMUNITY...

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BREAD AND ROSES HOUSING'S AFFORDABLE HOME OWNERSHIP 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 OPPORTUNITIES TO ENSURE FAMILIES' CONTINUED SUCCESS. ADVOCATING FOR THE HOUSING NEEDS OF LOW INCOME FAMILIES THROUGH COLLABORATIVE PARTNERHIPS 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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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 (2023)

Revenue Breakdown

Contributions & Grants $130,880
Program Service Revenue $76,694
Investment Income $2,664
Other Revenue $0
TOTAL REVENUE $210,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $185,177
Fundraising Expenses $74,700
Program Expenses $159,914
Other Expenses $93,676
TOTAL EXPENSES $278,853

Year-over-Year Comparison

2023 2022 Change
Revenue $210,238 $216,547 0.0%
Expenses $278,853 $390,225 -0.3%
Net Income $-68,615 $-173,678 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
3
Volunteers
N/A

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
3
$0
Total Directors
6
$92,876
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARLIN SANTIAGO PRESIDENT 1.00
Officer Director
$0 $0 $0
MARIE THERESE CHAHINE TREASURER 1.00
Officer Director
$0 $0 $0
VIVIANNA CORDERO CLERK 1.00
Officer Director
$0 $0 $0
GLORIA ABOU-HAIDAR BOARD MEMBER 1.00
Director
$0 $0 $0
SASHA TORRES BOARD MEMBER 1.00
Director
$0 $0 $0
ANNMARY IRENE CONNOR EXECUTIVE DIRECTOR 40.00
Director
$90,171 $2,705 $92,876
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
2024 $13,089 $17,594 No data $-4,505
2024 $210,238 $278,853 $2,672,696 $-68,615
2023 $216,547 $390,225 $2,139,582 $-173,678
2022 $486,722 $345,046 $2,264,147 $141,676
2021 $1,196,868 $1,397,563 $2,346,641 $-200,695
2020 $470,457 $268,695 $2,616,235 $201,762
2019 $469,609 $310,291 $2,277,557 $159,318
2018 $559,176 $489,374 $2,578,231 $69,802
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