Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
EIN 06-1232902 • 501(c)3 • Southington, CT
Profile
Bread for Life, Inc.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
38th percentile
Higher net margin than 38% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
4th percentile
Faster revenue growth than 4% of similar nonprofits.
Assets
Up$2,246,857
Up $13,915 (+0.6%) from 2023
Liabilities
Down$81,009
Down $13,802 (-15%) from 2023
Net Assets
Up$2,165,848
Up $27,717 (+1.3%) from 2023
Revenue
Down$265,097
Down $344,097 (-56%) from 2023
Expenses
Down$265,827
Down $265,505 (-50%) from 2023
Net Income
Down-$730
Down $78,592 (-101%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Bread for Life, Inc. is a meals program that provides daily meals, 5 days a week, to needy individuals.
The mission of bread for life is to provide food, fellowship and a sense of dignity to those in need. We rely on the generosity of our community to help us fulfill our mission that no one goes hungry in our town. Our vision is accomplished by providing meals served daily in our kitchen, delivered within our senior community and also to our home-bound citizens, and to children in the summer. Bread for life strives to help our clients with their personal needs through referrals to appropriate agencies. We also are a voice to educate our community on hunger and poverty.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $920,341 | $951,408 | ▲ $31,067 |
| Land, Buildings, and Equipment, Net | $765,127 | $752,020 | ▼ $13,107 |
| Investments Other Securities | $328,544 | $331,879 | ▲ $3,335 |
| Cash and Non-Interest-Bearing Accounts | $189,616 | $183,488 | ▼ $6,128 |
| Inventories for Sale or Use | $14,480 | $15,976 | ▲ $1,496 |
| Total Assets | $2,232,942 | $2,246,857 | ▲ $13,915 |
| Other Assets Total | $14,834 | $12,086 | ▼ $2,748 |
| Liabilities | |||
| Deferred Revenue | $57,500 | $42,560 | ▼ $14,940 |
| Accounts Payable and Accrued Expenses | $32,892 | $34,715 | ▲ $1,823 |
| Mortgage Notes Payable Secured by Investment Property | $4,419 | $3,734 | ▼ $685 |
| Total Liabilities | $94,811 | $81,009 | ▼ $13,802 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,138,131 | $2,165,848 | ▲ $27,717 |
| Total Net Assets Fund Balance | $2,138,131 | $2,165,848 | ▲ $27,717 |
| Total Liabilities and Net Assets / Fund Balance | $2,232,942 | $2,246,857 | ▲ $13,915 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $550,014 | $132,474 | $682,488 |
| Land | $153,644 | - | $153,644 |
| Other Securities | $331,879 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Donna Ayer | Executive Di | FT | $41,108 | $41,108 |
| Name | Title |
|---|---|
| Pat Byrne | Chairman |
| Karen Leary | Vice Chairma |
| Joseph Sack | Director |
| Karen Corrado | Director |
| Mark Proffitt | Director |
| Mike Soltys | Director |
| Rick Knight | Director |
| Steve Nyerick | Director |
| Susan Smayda | Director |
| Tabitha Stein | Director |
| Tom Finn | Director |
| Bill Palmieri | Secretary |
| Susan Brett | Treasurer |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Food Inventory | 3,655 | $43,988 | Donated Food Value |
| Total Noncash Contributions | 3,655 | $43,988 | - |
| Line Item | Amount |
|---|---|
| Other Expenses | $141,960 |
| Salaries, Compensation, and Employee Benefits | $123,867 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $72,517 | - | - | $72,517 |
| Current Officers, Directors, Trustees, and Key Employees | $36,997 | $4,111 | - | $41,108 |
| Occupancy | $17,559 | $1,951 | - | $19,510 |
| Depreciation Depletion | $12,173 | $1,266 | - | $13,439 |
| All Other Expenses | $10,564 | $154 | - | $10,718 |
| Payroll Taxes | $9,871 | $371 | - | $10,242 |
| Office Expenses | $7,054 | $783 | - | $7,837 |
| Advertising | $6,845 | - | - | $6,845 |
| Fees for Services Accounting | - | $4,068 | - | $4,068 |
| Other Expenses | $5,975 | $2,859 | - | $2,859 |
| Conferences and Meetings | $370 | - | - | $370 |
| Total Functional Expenses | $241,780 | $24,047 | $0 | $265,827 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $3,658 |
| Professional Fundraising Fees | $0 |
“Treasurer presents the return to the board directors”
“The executive director monitors the conflict of interest policies. Any matter considered to be a potential conflict of interest would then be reviewed by the development committee and if further action is required, the matter would be presented to the board of directors.”
“Board determination annually”
“Board determination annually”
“Anyone can submit a request to see the governing documents and financial statements in writing to the governing board. The request would be approved through the normal course of business.”
“The mission of bread for life is to provide food, fellowship and a sense of dignity to those in need. We rely on the generosity of our community to help us fulfill our mission that no one goes hungry in our town. Our vision is accomplished by providing meals served daily in our kitchen, delivered within our senior community and also to our home-bound citizens, and to children in the summer. Bread for life strives to help our clients with their personal needs through referrals to appropriate agencies. We also are a voice to educate our community on hunger and poverty.”
“Lunch program--hot meals are prepared and served at bread for life at noon daily, monday through friday. We are located at 31 vermont avenue in southington, ct. Meal delivery--bread for life provides hot lunch weekdays to homebound residents who qualify in our community. We also deliver groceries on friday for weekend meals to those who are unable to leave their homes. Mobile food pantry--bread for life visits southington's most economically challenged neighborhoods bringing non-perishable food directly to the people who need it the most. Senior services--we serve a group lunch weekly to all residents of southington housing authority communities and section 8 housing. These group lunches give seniors an opportunity to share a meal in community each week. Fuel for school--we provide board of education approved snacks to students in southington middle and high schools who need a boost to get through the day. Children's summer program--bread for life provide a lunch program for children in low-income neighborhoods and to children who receive free or reduced hot lunch during the school year.”
“Book / tax depreciation difference 332 change in book/tax basis of assets 16,114 unrealized gain on investments 0 gain on beneficial interest held by others 16,445 change in book/tax basis of liabilities -67 unrealized loss on investments -4,377 loss on beneficial interest held by others 0 total 28,447”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | THE MISSION OF BREAD FOR LIFE IS TO PROVIDE FOOD, FELLOWSHIP AND A SENSE OF DIGNITY TO THOSE IN NEED. WE RELY ON THE GENEROSITY OF OUR COMMUNITY TO HELP US FULFILL OUR MISSION THAT NO ONE GOES HUNGRY IN OUR TOWN. OUR VISION IS ACCOMPLISHED BY PROVIDING MEALS SERVED DAILY IN OUR KITCHEN, DELIVERED WITHIN OUR SENIOR COMMUNITY AND ALSO TO OUR HOME-BOUND CITIZENS, AND TO CHILDREN IN THE SUMMER. BREAD FOR LIFE STRIVES TO HELP OUR CLIENTS WITH THEIR PERSONAL NEEDS THROUGH REFERRALS TO APPROPRIATE AGENCIES. WE ALSO ARE A VOICE TO EDUCATE OUR COMMUNITY ON HUNGER AND POVERTY. |
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| IRS990/Desc | 0 | LUNCH PROGRAM--HOT MEALS ARE PREPARED AND SERVED AT BREAD FOR LIFE AT NOON DAILY, MONDAY THROUGH FRIDAY. WE ARE LOCATED AT 31 VERMONT AVENUE IN SOUTHINGTON, CT. MEAL DELIVERY--BREAD FOR LIFE PROVIDES HOT LUNCH WEEKDAYS TO HOMEBOUND RESIDENTS WHO QUALIFY IN OUR COMMUNITY. WE ALSO DELIVER GROCERIES ON FRIDAY FOR WEEKEND MEALS TO THOSE WHO ARE UNABLE TO LEAVE THEIR HOMES. MOBILE FOOD PANTRY--BREAD FOR LIFE VISITS SOUTHINGTON'S MOST ECONOMICALLY CHALLENGED NEIGHBORHOODS BRINGING NON-PERISHABLE FOOD DIRECTLY TO THE PEOPLE WHO NEED IT THE MOST. SENIOR SERVICES--WE SERVE A GROUP LUNCH WEEKLY TO ALL RESIDENTS OF SOUTHINGTON HOUSING AUTHORITY COMMUNITIES AND SECTION 8 HOUSING. THESE GROUP LUNCHES GIVE SENIORS AN OPPORTUNITY TO SHARE A MEAL IN COMMUNITY EACH WEEK. FUEL FOR SCHOOL--WE PROVIDE BOARD OF EDUCATION APPROVED SNACKS TO STUDENTS IN SOUTHINGTON MIDDLE AND HIGH SCHOOLS WHO NEED A BOOST TO GET THROUGH THE DAY. CHILDREN'S SUMMER PROGRAM--BREAD FOR LIFE PROVIDE A LUNCH PROGRAM FOR CHILDREN IN LOW-INCOME NEIGHBORHOODS AND TO CHILDREN WHO RECEIVE FREE OR REDUCED HOT LUNCH DURING THE SCHOOL YEAR. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE MISSION OF BREAD FOR LIFE IS TO PROVIDE FOOD, FELLOWSHIP AND A SENSE OF DIGNITY TO THOSE IN NEED. WE RELY ON THE GENEROSITY OF OUR COMMUNITY TO HELP US FULFILL OUR MISSION THAT NO ONE GOES HUNGRY IN OUR TOWN. OUR VISION IS ACCOMPLISHED BY PROVIDING MEALS SERVED DAILY IN OUR KITCHEN, DELIVERED WITHIN OUR SENIOR COMMUNITY AND ALSO TO OUR HOME-BOUND CITIZENS, AND TO CHILDREN IN THE SUMMER. BREAD FOR LIFE STRIVES TO HELP OUR CLIENTS WITH THEIR PERSONAL NEEDS THROUGH REFERRALS TO APPROPRIATE AGENCIES. WE ALSO ARE A VOICE TO EDUCATE OUR COMMUNITY ON HUNGER AND POVERTY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | LUNCH PROGRAM--HOT MEALS ARE PREPARED AND SERVED AT BREAD FOR LIFE AT NOON DAILY, MONDAY THROUGH FRIDAY. WE ARE LOCATED AT 31 VERMONT AVENUE IN SOUTHINGTON, CT. MEAL DELIVERY--BREAD FOR LIFE PROVIDES HOT LUNCH WEEKDAYS TO HOMEBOUND RESIDENTS WHO QUALIFY IN OUR COMMUNITY. WE ALSO DELIVER GROCERIES ON FRIDAY FOR WEEKEND MEALS TO THOSE WHO ARE UNABLE TO LEAVE THEIR HOMES. MOBILE FOOD PANTRY--BREAD FOR LIFE VISITS SOUTHINGTON'S MOST ECONOMICALLY CHALLENGED NEIGHBORHOODS BRINGING NON-PERISHABLE FOOD DIRECTLY TO THE PEOPLE WHO NEED IT THE MOST. SENIOR SERVICES--WE SERVE A GROUP LUNCH WEEKLY TO ALL RESIDENTS OF SOUTHINGTON HOUSING AUTHORITY COMMUNITIES AND SECTION 8 HOUSING. THESE GROUP LUNCHES GIVE SENIORS AN OPPORTUNITY TO SHARE A MEAL IN COMMUNITY EACH WEEK. FUEL FOR SCHOOL--WE PROVIDE BOARD OF EDUCATION APPROVED SNACKS TO STUDENTS IN SOUTHINGTON MIDDLE AND HIGH SCHOOLS WHO NEED A BOOST TO GET THROUGH THE DAY. CHILDREN'S SUMMER PROGRAM--BREAD FOR LIFE PROVIDE A LUNCH PROGRAM FOR CHILDREN IN LOW-INCOME NEIGHBORHOODS AND TO CHILDREN WHO RECEIVE FREE OR REDUCED HOT LUNCH DURING THE SCHOOL YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TREASURER PRESENTS THE RETURN TO THE BOARD DIRECTORS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE EXECUTIVE DIRECTOR MONITORS THE CONFLICT OF INTEREST POLICIES. ANY MATTER CONSIDERED TO BE A POTENTIAL CONFLICT OF INTEREST WOULD THEN BE REVIEWED BY THE DEVELOPMENT COMMITTEE AND IF FURTHER ACTION IS REQUIRED, THE MATTER WOULD BE PRESENTED TO THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOARD DETERMINATION ANNUALLY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOARD DETERMINATION ANNUALLY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ANYONE CAN SUBMIT A REQUEST TO SEE THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS IN WRITING TO THE GOVERNING BOARD. THE REQUEST WOULD BE APPROVED THROUGH THE NORMAL COURSE OF BUSINESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | BOOK / TAX DEPRECIATION DIFFERENCE 332 CHANGE IN BOOK/TAX BASIS OF ASSETS 16,114 UNREALIZED GAIN ON INVESTMENTS 0 GAIN ON BENEFICIAL INTEREST HELD BY OTHERS 16,445 CHANGE IN BOOK/TAX BASIS OF LIABILITIES -67 UNREALIZED LOSS ON INVESTMENTS -4,377 LOSS ON BENEFICIAL INTEREST HELD BY OTHERS 0 TOTAL 28,447 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | false |
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