HOUSE OF BREAD INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

BETH BOYLE

Phone

8605494188

Tax Period

2024-01-01 to 2024-12-31

HOUSE OF BREAD INC, founded in 1982, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.5M left a modest 4% surplus.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $783,707

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...

Program 2

Expenses: $591,551

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.

Program 3

Expenses: $272,621 Revenue: $34,834

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...

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

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,107,857

Program Service Revenue $226,102

Investment Income $215,068

Other Revenue $0

TOTAL REVENUE $2,549,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $888,751

Fundraising Expenses $122,014

Program Expenses $1,974,126

Other Expenses $1,565,338

TOTAL EXPENSES $2,454,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,549,027	$3,004,573	-0.2%
Expenses	$2,454,089	$2,428,875	+0.0%
Net Income	$94,938	$575,698	-0.8%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

184

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

$229,170

Total Directors

$123,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH BOYLE	CO-DIRECTOR	45.00	Officer	$114,585	$0	$114,585
THOMAS PORELL	CO-DIRECTOR	45.00	Officer	$114,585	$0	$114,585
SISTER MAUREEN FAENZA	CO-FOUNDER	45.00	Director	$61,675	$0	$61,675
SISTER THERESA FONTI	CO-FOUNDER	45.00	Director	$61,675	$0	$61,675
ALEXANDRA BARRY	DIRECTOR	2.00	Director	$0	$0	$0
CAROLE BAVIER	DIRECTOR	2.00	Director	$0	$0	$0
KATHY BEATY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA D'AMATO	DIRECTOR	2.00	Director	$0	$0	$0
PAT GIARDI	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HART	DIRECTOR	2.00	Director	$0	$0	$0
SISTER SALLY HODGDON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID KOZAK	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
JEFF MORTILLARO	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK MURPHY	TREASURER	2.00	Officer Director	$0	$0	$0
CHANDRA PERSAUD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RYAN	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY STILES	DIRECTOR	2.00	Director	$0	$0	$0
ROSEMARY A WALL	SECRETARY	2.00	Officer Director	$0	$0	$0
CARL ZYSKOWSKI	PRESIDENT	2.00	Officer Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$2,549,027	$2,454,089	$8,239,565	$94,938
2023	$3,004,573	$2,428,875	$7,967,086	$575,698
2022	$2,164,679	$2,307,880	$7,118,756	$-143,201
2021	$2,846,880	$2,265,730	$7,680,325	$581,150
2020	$2,040,667	$2,067,555	$7,222,343	$-26,888
2019	$2,288,494	$2,069,635	$7,001,723	$218,859
2018	$1,928,356	$2,119,244	$6,506,118	$-190,888