Civic Intelligence

House of Bread Inc.

990 • Fiscal year 2016 • EIN 06-1073478

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 04, 2017

1453 Main StreetHartford, CT 06120-2726

(860) 549-4188

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

68th percentile

8.7%

Higher net margin than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

23rd percentile

$47,900

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

56th percentile

3.0%

Faster asset growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-5.8%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,200,451

Up $180,138 (+3.0%) from 2015

Net Assets

Up

$6,154,488

Up $188,204 (+3.2%) from 2015

Liabilities

Down

$45,963

Down $8,066 (-15%) from 2015

Revenue

Down

$1,890,555

Down $115,339 (-5.8%) from 2015

Expenses

Down

$1,726,862

Down $70,319 (-3.9%) from 2015

Net Income

Down

$163,693

Down $45,020 (-22%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $5,382,293Liabilities 2011: $63,719Net Assets 2011: $5,318,5742011Assets 2012: $5,577,460Liabilities 2012: $50,496Net Assets 2012: $5,526,9642012Assets 2013: $5,431,679Liabilities 2013: $66,408Net Assets 2013: $5,365,2712013Assets 2014: $5,897,983Liabilities 2014: $53,073Net Assets 2014: $5,844,9102014Assets 2015: $6,020,313Liabilities 2015: $54,029Net Assets 2015: $5,966,2842015Assets 2016: $6,200,451Liabilities 2016: $45,963Net Assets 2016: $6,154,4882016Assets 2017: $6,834,400Liabilities 2017: $44,117Net Assets 2017: $6,790,2832017Assets 2018: $6,506,118Liabilities 2018: $45,148Net Assets 2018: $6,460,9702018Assets 2019: $7,001,723Liabilities 2019: $51,151Net Assets 2019: $6,950,5722019Assets 2020: $7,222,343Liabilities 2020: $153,681Net Assets 2020: $7,068,6622020Assets 2021: $7,680,325Liabilities 2021: $51,803Net Assets 2021: $7,628,5222021Assets 2022: $7,118,756Liabilities 2022: $67,435Net Assets 2022: $7,051,3212022Assets 2023: $7,967,086Liabilities 2023: $79,924Net Assets 2023: $7,887,1622023Assets 2024: $8,239,565Liabilities 2024: $170,605Net Assets 2024: $8,068,9602024

Highlighted filing

2016

Assets$6,200,451
Liabilities$45,963
Net Assets$6,154,488

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,877,053Expenses 2011: $1,461,573Net Income 2011: $415,4802011Revenue 2012: $1,734,191Expenses 2012: $1,547,034Net Income 2012: $187,1572012Revenue 2013: $1,542,613Expenses 2013: $1,556,351Net Income 2013: -$13,7382013Revenue 2014: $2,094,246Expenses 2014: $1,721,692Net Income 2014: $372,5542014Revenue 2015: $2,005,894Expenses 2015: $1,797,181Net Income 2015: $208,7132015Revenue 2016: $1,890,555Expenses 2016: $1,726,862Net Income 2016: $163,6932016Revenue 2017: $2,586,590Expenses 2017: $2,055,841Net Income 2017: $530,7492017Revenue 2018: $1,928,356Expenses 2018: $2,119,244Net Income 2018: -$190,8882018Revenue 2019: $2,288,494Expenses 2019: $2,069,635Net Income 2019: $218,8592019Revenue 2020: $2,040,667Expenses 2020: $2,067,555Net Income 2020: -$26,8882020Revenue 2021: $2,846,880Expenses 2021: $2,265,730Net Income 2021: $581,1502021Revenue 2022: $2,164,679Expenses 2022: $2,307,880Net Income 2022: -$143,2012022Revenue 2023: $3,004,573Expenses 2023: $2,428,875Net Income 2023: $575,6982023Revenue 2024: $2,549,027Expenses 2024: $2,454,089Net Income 2024: $94,9382024

Highlighted filing

2016

Revenue$1,890,555
Expenses$1,726,862
Net Income$163,693
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 4, 2017
Return Version
2016v3.0
Gross Receipts
$3,419,568
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,933,078$3,094,747▲ $161,669
Land, Buildings, and Equipment, Net$2,481,299$2,465,210▼ $16,089
Cash and Non-Interest-Bearing Accounts$297,405$384,887▲ $87,482
Savings and Temporary Cash Investments$86,297$164,601▲ $78,304
Pledges and Grants Receivable$193,871$62,501▼ $131,370
Prepaid Expenses and Deferred Charges$27,913$28,505▲ $592
Accounts Receivable$450--
Total Assets$6,020,313$6,200,451▲ $180,138
Liabilities
Accounts Payable and Accrued Expenses$44,574$36,508▼ $8,066
Other Liabilities$9,455$9,455→ $0
Total Liabilities$54,029$45,963▼ $8,066
Net Assets / Fund Balance
Unrestricted Net Assets$5,931,841$6,119,845▲ $188,004
Temporarily Rstr Net Assets$34,443$34,643▲ $200
Total Net Assets Fund Balance$5,966,284$6,154,488▲ $188,204
Total Liabilities and Net Assets / Fund Balance$6,020,313$6,200,451▲ $180,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,002,546$2,623,750$4,626,296
Land$436,718-$436,718
Equipment$25,946$138,659$164,605
Other Land Buildings-$40,646$40,646
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sister Maureen FaenzaCo-directorFT$47,900$47,900
Sister Theresa FontiCo-directorFT$47,900$47,900

Board Members and Trustees

NameTitle
Carl ZyskowskiPresident
Carmen L SierraDirector
Carole O BavierDirector
Fred ColonDirector
Jeffrey MortillaroDirector
John RyanDirector
Pat GiardiDirector
Patrick MurphyDirector
Sister Ann KaneDirector
Sister Mary KellyDirector
Rosemary WallSecretary
David HartTreasurer
David J KozakVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,547,732
Program Service Revenue
$247,281
Investment Income
$92,258
Other Revenue
$3,284
All Other Contributions
$1,307,754
Change in Net Assets
$163,693

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory500$629,100Cost of Food
Total Noncash Contributions500$629,100-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,890,555
Revenue Not Reported on Form 990
$54,511
Total Revenue per Audited Statements
$1,945,066
Total Revenue per Form 990
$1,890,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,151,754
Salaries, Compensation, and Employee Benefits$575,108
Total Fundraising Expense$51,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$418,661$43,883$43,883$506,427
Occupancy$126,938$3,012-$129,950
Depreciation Depletion$91,734$5,350-$97,084
Fees for Services Accounting$15,802$30,550-$46,352
Other Employee Benefits$33,674$2,069-$35,743
Payroll Taxes$30,146$1,396$1,396$32,938
Insurance$28,174$3,110-$31,284
Office Expenses$6,724$4,388$330$11,442
Fees for Services Other$6,148$5,131-$11,279
Other Expenses$3,484$1,993$1,993$7,470
Fees for Service Investment Mgmnt Fees-$6,514-$6,514
All Other Expenses-$4,423-$4,423
Advertising$523-$731$1,254
Total Functional Expenses$1,553,148$122,080$51,634$1,726,862

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,756,862
Expenses per Audited Statements$1,726,862
Total Expenses per Form 990$1,726,862
Expenses Not Reported on Form 990$30,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$343
Fundraising Gross Income$343
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hunger Banquet$70,988$343$343$0
Total Events$70,988$343$343-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$9,455
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The members of the corporation are the provincial superior and the councillors of the sisiter of st joseph of chambery, unsited states province. And their successors in office as selected in accordance with the consitutions of the sisters of st joseph.

Form 990, Page 6, Part VI, Line 7A

In consultation with the board of directors, the members have the power to appoint directors and to remove directors.

Form 990, Page 6, Part VI, Line 7B

Members have the authority to approve major policy changes, to vote with respect to amendments to the certificate of incorporation, to adopt, amend, and repeal the bylaws of the organization, to vote with respect to any change in the structure of the organization and to approve capital improvements and/or sales.

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is sent to all board members prior to filing. The finance committee of the board reviews the return, discusses the return with the cpa preparing the return and approves the return prior to filing.

Form 990, Page 6, Part VI, Line 12C

Staff and board members are required to report actual or perceived conflicts of interest as they arise. The board reviews conflicts of interest reported as well as for perceived conflicts of interest brought to the attention of the board. Staff and board members who fail to report actual or perceived conflicts of interest are subject to disciplinary action.

Form 990, Page 6, Part VI, Line 15A

Compared to other organizations and approved by board.

Form 990, Page 6, Part VI, Line 15B

Compared to other organizations and overall budget for staff salaries approved by the board.

Form 990, Page 6, Part VI, Line 19

The governing documents of the organization are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
House of Bread Inc
EIN
06-1073478
Phone
8605494188
Address
1453 MAIN STREET, HARTFORD, CT 06120-2726

Signing Officer

Name
Sister Theresa Fonti
Title
Co-director
Phone
8605494188
Signed
2017-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sister Theresa Fonti
Formed
1982
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
22
Volunteers
184

Preparer

Firm
Carney Roy and Gerrol Pc
Address
35 COLD SPRING ROAD SUITE 111, ROCKY HILL, CT 06067-3161
Preparer
Thomas D Roy
Phone
8607215786
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Project f.e.a.s.t.: culinary job training program -30,691. 7 lincoln street: provide transitional housing facilities male for alcohol and drug rehabilitation individuals - 45,829. 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 - 39,473. Chestnut street facility: provide shelter for homeless males - 36,340. 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 - 163,975. H.o.m.e.: provide educational programs for mothers and children - 38,596

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0PROVIDE 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.
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IRS990/PrincipalOfficerNm0SISTER THERESA FONTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TRANSITIONAL & LT HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1OTHER SERVICE REVENUE & MISC
IRS990/ProgramServiceRevenueGrp/Desc2CATERING BY FEAST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0217609
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116122
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213550
IRS990/ProgSrvcAccomActy2Grp/Desc0JUBILEE 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0188480
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt027560
IRS990/ProgSrvcAccomActy3Grp/Desc0KID'S CAFE: PROVIDE AN EVENING MEAL TO CHILDREN IN LOCAL ORGANIZED AFTER- SCHOOL PROGRAMS. ON AVERAGE, THE KID'S CAFE SERVES 570 CHILDREN PER DAY AND 102,600 MEALS PER YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0409576
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROJECT F.E.A.S.T.: CULINARY JOB TRAINING PROGRAM -30,691. 7 LINCOLN STREET: PROVIDE TRANSITIONAL HOUSING FACILITIES MALE FOR ALCOHOL AND DRUG REHABILITATION INDIVIDUALS - 45,829. 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 - 39,473. CHESTNUT STREET FACILITY: PROVIDE SHELTER FOR HOMELESS MALES - 36,340. 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 - 163,975. H.O.M.E.: PROVIDE EDUCATIONAL PROGRAMS FOR MOTHERS AND CHILDREN - 38,596
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0354904
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.24$0.17$8.07$2.55$2.45$0.09
2023Detailed filing. Detailed filing data is available for this year.$7.97$0.08$7.89$3.00$2.43$0.58
2022Detailed filing. Detailed filing data is available for this year.$7.12$0.07$7.05$2.16$2.31$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.68$0.05$7.63$2.85$2.27$0.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.22$0.15$7.07$2.04$2.07$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.00$0.05$6.95$2.29$2.07$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.05$6.46$1.93$2.12$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$0.04$6.79$2.59$2.06$0.53
2016Detailed filing. Detailed filing data is available for this year.$6.20$0.05$6.15$1.89$1.73$0.16
2015Detailed filing. Detailed filing data is available for this year.$6.02$0.05$5.97$2.01$1.80$0.21
2014Detailed filing. Detailed filing data is available for this year.$5.90$0.05$5.84$2.09$1.72$0.37
2013Detailed filing. Detailed filing data is available for this year.$5.43$0.07$5.37$1.54$1.56$0.01
2012Summary only. Only limited summary data is available for this year.$5.58$0.05$5.53$1.73$1.55$0.19
2011Summary only. Only limited summary data is available for this year.$5.38$0.06$5.32$1.88$1.46$0.42