BREAD OF LIFE INC

EIN: 223199801 501(c)(3) Religion

MALDEN, MA

Total Revenue
$1,324,134
Total Expenses
$907,578
Total Assets
$6,396,918
Net Assets
$6,127,249
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
EDWIN ANDREWS
Phone
7813970404
Tax Period
2023-01-01 to 2023-12-31

BREAD OF LIFE INC, founded in 1992, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $417K, a strong 31% operating margin.

Mission

THE ORGANIZATION PROVIDES FREE FOOD FOR FOOD-INSECURE RESIDENTS. IT ALSO COLLABORATES WITH LOCAL AGENCIES TO HELP LOW-INCOME PEOPLE OBTAIN HOUSING, SHELTER, FURNITURE, AND COUNSELING.

Program Service Accomplishments

Program 1
Expenses: $727,808

FOOD PANTRY AND MEALS PROGRAMIN 2023, BREAD OF LIFE EXPANDED ITS FOOD PROGRAMS TO KEEP UP WITH AN 18% FOOD INSECURITY RATE IN MASSACHUSETTS AS OF SEPTEMBER 2023, A LEVEL THAT APPROACHES WHAT WE SAW...

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FOOD PANTRY AND MEALS PROGRAMIN 2023, BREAD OF LIFE EXPANDED ITS FOOD PROGRAMS TO KEEP UP WITH AN 18% FOOD INSECURITY RATE IN MASSACHUSETTS AS OF SEPTEMBER 2023, A LEVEL THAT APPROACHES WHAT WE SAW DURING THE PANDEMIC. WE CONTINUE TO MEET THE NEED AND STOP FOOD INSECURITY FOR THOUSANDS OF STRUGGLING NEIGHBORS IN MALDEN, EVERETT, MELROSE, MEDFORD, WAKEFIELD, WINCHESTER, STONEHAM, SAUGUS, READING, NORTH READING, WINTHROP, REVERE AND CHELSEA. O PROVIDED FOOD FOR 63,000 HOUSEHOLDS MADE UP OF 144,000 INDIVIDUALS.O DISTRIBUTED 79,000 BAGS OF GROCERIES TO ADULTS, CHILDREN AND SENIORS THROUGH OUR MALDEN AND EVERETT PANTRIES, MOTEL OUTREACH AND EVERETT BACKPACK NUTRITION PROGRAM.O DELIVERED 12,000 GROCERY ORDERS TO SENIOR CITIZENS, DISABLED RESIDENTS AND COVID-QUARANTINED HOUSEHOLDS THROUGH OUR GROCERY DELIVERY PROGRAM.O DELIVERED MEALS AND GROCERIES TO 4,300 HOMELESS HOUSEHOLDS OF INDIVIDUALS AND FAMILIES SHELTERED IN LOCAL MOTELS.O DISTRIBUTED 3,030 BACKPACKS TO STUDENTS IN THE EVERETT PUBLIC SCHOOLS.O PROVIDED 33,584 MEALS THROUGH OUR EVENING MEAL PROGRAM, INCLUDING MEAL DELIVERY TO HOMEBOUND SENIOR CITIZENS AND FAMILIES AND INDIVIDUALS IN SHELTER. O PROVIDED INTERPRETING AND TRANSLATION SERVICES, NUTRITION AND SANITATION EDUCATION, AND OUTREACH TO IMMIGRANT AND BIPOC COMMUNITIES TO IMPROVE FOOD EQUITY BY OVERCOMING BARRIERS TO ACCESS THROUGH OUR FOOD ACCESS PROJECT.O PROVIDED THOUSANDS OF DOLLARS' WORTH OF SUPERMARKET GIFT CARDS, TOILETRIES, HOUSEHOLD SUPPLIES, DIAPERS, BLANKETS, JACKETS, BOOTS, SNEAKERS, GLOVES, HATS AND SCARVES TO FAMILIES AND INDIVIDUALS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,289,372
Program Service Revenue $0
Investment Income $34,762
Other Revenue $0
TOTAL REVENUE $1,324,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $519,347
Fundraising Expenses $70,561
Program Expenses $727,808
Other Expenses $388,231
TOTAL EXPENSES $907,578

Year-over-Year Comparison

2023 2022 Change
Revenue $1,324,134 $3,020,253 -0.6%
Expenses $907,578 $866,135 +0.0%
Net Income $416,556 $2,154,118 -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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Governance

Voting Members
17
Independent Members
17
Employees
23
Volunteers
30

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN TWOMEY PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY BETH LEON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRIS CHITOURAS SECRETARY 2.00
Officer Director
$0 $0 $0
MARK GOLUB DIRECTOR 2.00
Director
$0 $0 $0
DENNIS ROCHE DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN MCKENNA DIRECTOR 2.00
Director
$0 $0 $0
EDWIN ANDREWS TREASURER 2.00
Officer Director
$0 $0 $0
LOUIS GENTILE JR DIRECTOR 2.00
Director
$0 $0 $0
JANA GIMENEZ RECORDING SECRETARY 2.00
Officer Director
$0 $0 $0
DOUGLAS MAYERS DIRECTOR 2.00
Director
$0 $0 $0
BERNADETTE MUTEBI DIRECTOR 2.00
Director
$0 $0 $0
SARA BRANDON DIRECTOR 2.00
Director
$0 $0 $0
STACY ROACHE DIRECTOR 2.00
Director
$0 $0 $0
BARBARA DURGIN DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH LOMBARDOZZI DIRECTOR 2.00
Director
$0 $0 $0
CLAUDIA LEE DIRECTOR 2.00
Director
$0 $0 $0
ROBERT GOODREAU DIRECTOR 2.00
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
2024 No data No data No data No data
2023 $1,324,134 $907,578 $6,396,918 $416,556
2022 $3,020,253 $866,135 $5,804,600 $2,154,118
2021 $2,244,469 $771,544 $4,290,759 $1,472,925
2020 $2,011,201 $611,788 $2,830,982 $1,399,413
2018 $577,121 $566,146 $1,267,727 $10,975
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