Civic Intelligence

Hot Bread Kitchen Ltd

EIN 26-3332972 • 501(c)3 • New York, NY

Profile

Hot bread kitchen creates economic opportunity through culinary job skills training and placement, food entrepreneurship, and an ecosystem of support for individuals who face barriers to meaningful careers.

Chelsea Market 75 Ninth Avenue 06New York, NY 10011

www.hotbreadkitchen.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.03x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

45th percentile

2.6%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$13,131,415

Up $113,374 (+0.9%) from 2023

Liabilities

Down

$262,435

Down $54,879 (-17%) from 2023

Net Assets

Up

$12,868,980

Up $168,253 (+1.3%) from 2023

Revenue

Down

$8,449,424

Down $2,819,473 (-25%) from 2023

Expenses

Up

$8,228,846

Up $811,281 (+11%) from 2023

Net Income

Down

$220,578

Down $3,630,754 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2014: $1,228,783Liabilities 2014: $319,005Net Assets 2014: $909,7782014Assets 2015: $2,310,483Liabilities 2015: $592,414Net Assets 2015: $1,718,0692015Assets 2016: $2,380,359Liabilities 2016: $572,887Net Assets 2016: $1,807,4722016Assets 2017: $3,186,365Liabilities 2017: $509,792Net Assets 2017: $2,676,5732017Assets 2018: $3,377,963Liabilities 2018: $542,301Net Assets 2018: $2,835,6622018Assets 2019: $2,944,645Liabilities 2019: $414,296Net Assets 2019: $2,530,3492019Assets 2020: $6,477,369Liabilities 2020: $994,629Net Assets 2020: $5,482,7402020Assets 2021: $8,864,419Liabilities 2021: $179,858Net Assets 2021: $8,684,5612021Assets 2022: $9,001,470Liabilities 2022: $194,888Net Assets 2022: $8,806,5822022Assets 2023: $13,018,041Liabilities 2023: $317,314Net Assets 2023: $12,700,7272023Assets 2024: $13,131,415Liabilities 2024: $262,435Net Assets 2024: $12,868,9802024

Highlighted filing

2024

Assets$13,131,415
Liabilities$262,435
Net Assets$12,868,980

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2014: $3,081,024Expenses 2014: $2,906,229Net Income 2014: $174,7952014Revenue 2015: $4,577,883Expenses 2015: $3,769,592Net Income 2015: $808,2912015Revenue 2016: $4,253,712Expenses 2016: $4,164,309Net Income 2016: $89,4032016Revenue 2017: $5,250,509Expenses 2017: $4,381,408Net Income 2017: $869,1012017Revenue 2018: $5,505,161Expenses 2018: $5,346,072Net Income 2018: $159,0892018Revenue 2019: $4,314,120Expenses 2019: $4,619,433Net Income 2019: -$305,3132019Revenue 2020: $7,305,391Expenses 2020: $4,353,000Net Income 2020: $2,952,3912020Revenue 2021: $5,150,030Expenses 2021: $3,684,794Net Income 2021: $1,465,2362021Revenue 2022: $2,740,788Expenses 2022: $4,036,962Net Income 2022: -$1,296,1742022Revenue 2023: $11,268,897Expenses 2023: $7,417,565Net Income 2023: $3,851,3322023Revenue 2024: $8,449,424Expenses 2024: $8,228,846Net Income 2024: $220,5782024

Highlighted filing

2024

Revenue$8,449,424
Expenses$8,228,846
Net Income$220,578

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$9,854,899
Mission and Program Overview

Mission

Hot bread kitchen creates economic opportunities for immigrant women and women of color through food entrepreneurship, job skills training and an ecosystem of support in nyc.

Hot bread kitchen empowers new yorkers who face barriers to economic opportunities through transformative careers in new york city's food industry. We offer job skills training, cusotmized job placement, food entrepreneurship programs, and an ecosystem of wraparound support, opening pathways to economic mobility for new yorkers across the five boroughs who face barriers to employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,581,868$5,130,228▼ $451,640
Investments in Publicly Traded Securities$687,527$4,988,121▲ $4,300,594
Savings and Temporary Cash Investments$6,042,716$1,874,624▼ $4,168,092
Cash and Non-Interest-Bearing Accounts$389,132$673,746▲ $284,614
Land, Buildings, and Equipment, Net$252,827$363,087▲ $110,260
Prepaid Expenses and Deferred Charges$31,850$95,337▲ $63,487
Accounts Receivable$25,135$400▼ $24,735
Total Assets$13,018,041$13,131,415▲ $113,374
Other Assets Total$6,986$5,872▼ $1,114
Liabilities
Accounts Payable and Accrued Expenses$212,700$194,435▼ $18,265
Other Liabilities$101,114$68,000▼ $33,114
Deferred Revenue$3,500--
Total Liabilities$317,314$262,435▼ $54,879
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,790,630$6,946,209▲ $1,155,579
Net Assets With Donor Restrictions$6,910,097$5,922,771▼ $987,326
Total Net Assets Fund Balance$12,700,727$12,868,980▲ $168,253
Total Liabilities and Net Assets / Fund Balance$13,018,041$13,131,415▲ $113,374

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$166,482$293,748$460,230
Equipment$187,380$128,995$316,375
Other Land Buildings$9,225$134,297$143,522
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie AbbeyChief Executive OfficerFT$224,789$27,848$252,637
Kristine BorokChief Operating OfficerFT$184,789-$184,789
Catherine KimChief Program OfficerFT$164,351$1,564$165,915
Ally MillerChief Development OfficerFT$109,578$12,264$121,842
Carla LicavoliChief Operating OfficerFT$100,020$11,516$111,536
Cedric JarrettFormer CFO-$106,651$409$107,060

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
CultivatedCatering655 WEST 34TH STREET, New York, NY 10011$105,550
Legacy Office Solutions LLCOffice Furniture & Installation754 JAMAICA AVENUE, New York, NY 11208$102,629
Revenue and Support

Revenue Composition

Contributions and Grants
$8,042,717
Program Service Revenue
$0
Investment Income
$395,438
Other Revenue
$11,269
All Other Contributions
$5,635,711
Change in Net Assets
$220,578

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,444,236
Revenue Not Reported on Financial Statements
$5,188
Revenue Not Reported on Form 990
$1,655,009
Total Revenue per Audited Statements
$10,099,245
Total Revenue per Form 990
$8,449,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,512,553
Other Expenses$2,387,061
Total Fundraising Expense$906,664
Professional Fundraising Fees$309,743
Grants and Similar Amounts Paid$19,489

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,194,489$231,383$287,984$3,713,856
Current Officers, Directors, Trustees, and Key Employees$540,832$195,636$111,697$848,165
Payroll Taxes$415,083$46,524$43,586$505,193
Occupancy$484,354$9,147$9,147$502,648
Other Employee Benefits$369,409$32,924$32,172$434,505
Fees for Services Professional Fundraising--$309,743$309,743
Fees for Services Other$129,011$178,508-$307,519
Office Expenses$228,187$25,575$23,961$277,723
Depreciation Depletion$155,102$17,384$16,286$188,772
Fees for Services Accounting-$131,366-$131,366
Advertising$30,771-$50,005$80,776
Travel$10,494$46,702-$57,196
Insurance$41,278$4,627$4,334$50,239
Conferences and Meetings$41,262-$4,585$45,847
Fees for Services Legal$5,397$21,591-$26,988
Other Expenses$20,295$2,275$2,131$24,701
Grants to Domestic Individuals$19,489--$19,489
Pension Plan Contributions$9,485$1,188$161$10,834
Fees for Service Investment Mgmnt Fees-$5,188-$5,188
Total Functional Expenses$6,360,560$961,622$906,664$8,228,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,930,992
Total Expenses per Form 990$8,228,846
Expenses per Audited Statements$8,223,658
Expenses Not Reported on Form 990$1,707,334
Expenses Not Reported on Financial Statements$5,188
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$309,743
Fundraising Direct Expenses$194,487
Fundraising Gross Income$194,487

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Benefit Event$990,826$194,487$10,000$184,487
Total Events$990,826$194,487$194,487$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Grant Income$68,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the 990 is reviewed by the chief executive officer, executive director, treasurer, audit and finance committee of the board, and finance director. Following that review, it is then submitted to the board for review. If the board members have comments, they are incorporated into the final revision before submission to the irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is contained in article 6 of the organization's by-laws. All directors are required to sign disclosure statements annually to affirm they have received a copy of the policy and agree to comply with the policy. No director may vote on any matter in which he or she has a conflict of interest. Directors who disclose a conflict of interest will not participate in discussions on related transactions. The board has the right to use comparability data on decisions where interested parties are affected.

Form 990, Part VI, Section B, Line 15

The committee reviews compensation in january of each year, and considers information from comparable organizations in making compensation decisions.

Form 990, Part VI, Section C, Line 19

The organization did not make these documents publicly available during 2023.

Filing and Contact Details

Filer

Filer Name
Hot Bread Kitchen Ltd
EIN
26-3332972
Phone
2125409070
Address
CHELSEA MARKET 75 NINTH AVENUE 06, NEW YORK, NY 10011

Signing Officer

Name
Leslie Abbey
Title
Chief Executive Officer
Phone
2125409070
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Abbey
Formed
2008
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
86
Volunteers
250

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Jennifer Coates
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In 2024, hot bread kitchen launched two new workforce development programs: culinary career pathways for new new yorkers and front of house training. Culinary career pathways for new new yorkers adapts our signature entry-level culinary training to provide urgently-needed pathways to employment for asylum seekers and recently-arrived migrants. To serve this particular population, our new new yorkers program provides: 1) program staff who are bilingual in english and spanish; 2) enhanced english for speakers of other languages (esol) classes; and 3) targeted and increased wraparound services. Front of house training is an upskilling program that provides incumbent food workers instruction in the skills and knowledge required to excel in customer-facing roles. The program covers customer service skills, communication and conflict resolution, menu description and upselling, point-of-sale systems, and professional readiness. Through this program, members gain new skills that will position them for promotions, wage increases, and career advancement in the food industry.

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IRS990/Desc0CULINARY WORKFORCE DEVELOPMENTHOT BREAD KITCHEN'S CULINARY WORKFORCE DEVELOPMENT PROGRAMS PROVIDE MEMBERS WITH JOB SKILLS TRAINING AND CUSTOMIZED JOB PLACEMENT, OPENING PATHWAYS TO CAREERS IN THE FOOD INDUSTRY. IN 2024, WE ENROLLED 543 BREADWINNERS IN OUR WORKFORCE DEVELOPMENT PROGRAMS, INCLUDING OUR ENTRY LEVEL TRAINING PROGRAMS, CULINARY FUNDAMENTALS AND CULINARY CAREER PATHWAYS FOR NEW NEW YORKERS, AND IN OUR UPSKILLING PROGRAMS, FIRST COURSE NYC AND FRONT OF HOUSE TRAINING.OUR SIGNATURE PROGRAM, CULINARY FUNDAMENTALS, PROVIDES MEMBERS WITH 100 HOURS OF TECHNICAL CULINARY TRAINING PROVIDED BY EXPERT CHEF INSTRUCTORS, SUPPLEMENTED BY DAILY PROFESSIONAL READINESS LESSONS, ENGLISH FOR SPEAKERS OF OTHER LANGUAGES CLASSES, CUSTOMIZED CASE MANAGEMENT, FOOD HANDLERS CERTIFICATION, AND WRAPAROUND SUPPORT. LAUNCHED IN 2024, CULINARY CAREER PATHWAYS FOR NEW NEW YORKERS ADAPTS THE CULINARY FUNDAMENTALS CURRICULUM TO PROVIDE URGENTLY-NEEDED PATHWAYS TO EMPLOYMENT FOR ASYLUM SEEKERS AND RECENTLY-ARRIVED MIGRANTS. TO SERVE THIS PARTICULAR POPULATION, OUR NEW NEW YORKERS PROGRAM PROVIDES: 1) PROGRAM STAFF WHO ARE BILINGUAL IN ENGLISH AND SPANISH; 2) ENHANCED ESOL CLASSES, OFFERED FOR THREE HOURS DAILY PRIOR TO CULINARY TRAINING; AND 3) TARGETED AND INCREASED WRAPAROUND SERVICES.OUR UPSKILLING PROGRAMS ENABLE INCUMBENT AND EXPERIENCED FOOD WORKERS TO ACCESS HIGHER WAGES AND PROMOTIONS. FIRST COURSE NYC, OUR INAUGURAL UPSKILLING OFFERING LAUNCHED IN 2023, IS AN ADVANCED RESTAURANT COOK APPRENTICESHIP PROGRAM. LED IN PARTNERSHIP WITH THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES, THIS COURSE INCLUDES EIGHT WEEKS OF CULINARY TRAINING, A SIX-WEEK ON-THE-JOB APPRENTICESHIP, AND PLACEMENT INTO ADVANCED CULINARY ROLES IN FINE DINING RESTAURANTS. IN 2024, HOT BREAD KITCHEN LAUNCHED OUR SECOND UPSKILLING PROGRAM: FRONT OF HOUSE TRAINING. THIS FIVE-WEEK COURSE OFFERS INSTRUCTION IN THE SKILLS AND KNOWLEDGE REQUIRED TO EXCEL IN CUSTOMER-FACING ROLES IN THE FOOD INDUSTRY, WHICH GARNER HIGHER WAGES AND ARE MORE LIKELY TO LEAD TO ADVANCEMENT INTO MANAGERIAL POSITIONS. THE PROGRAM COVERS CUSTOMER SERVICE SKILLS, COMMUNICATION AND CONFLICT RESOLUTION, MENU DESCRIPTION AND UPSELLING, POINT-OF-SALE SYSTEMS, AND PROFESSIONAL READINESS.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt311516
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
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IRS990/Form990PartVIISectionAGrp/PersonNm1KRISTINE BOROK
IRS990/Form990PartVIISectionAGrp/PersonNm2CATHERINE KIM
IRS990/Form990PartVIISectionAGrp/PersonNm3CARLA LICAVOLI
IRS990/Form990PartVIISectionAGrp/PersonNm4ALLY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5CEDRIC JARRETT
IRS990/Form990PartVIISectionAGrp/PersonNm6DEBORAH BRONSTON-CULP
IRS990/Form990PartVIISectionAGrp/PersonNm7MELISSA BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm8EMILY SUSSKIND
IRS990/Form990PartVIISectionAGrp/PersonNm9CHAERI KIM TORNAY
IRS990/Form990PartVIISectionAGrp/PersonNm10ANAMITA GUHA
IRS990/Form990PartVIISectionAGrp/PersonNm11MATTHEW REICH
IRS990/Form990PartVIISectionAGrp/PersonNm12MARGARITA SAWHNEY
IRS990/Form990PartVIISectionAGrp/PersonNm13MARY MCCAFFREY
IRS990/Form990PartVIISectionAGrp/PersonNm14JENNIE SPARANDARA
IRS990/Form990PartVIISectionAGrp/PersonNm15COURTNEY WILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm16ILENE ENG
IRS990/Form990PartVIISectionAGrp/PersonNm17TRACY JOSHUA
IRS990/Form990PartVIISectionAGrp/PersonNm18AMANDA WILTSHIRE-CRAINE
IRS990/Form990PartVIISectionAGrp/PersonNm19JAFFER ZAIDI
IRS990/Form990PartVIISectionAGrp/PersonNm20SANDRA NUDELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm21GAIL SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm22DIANA TAYLOR
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5FORMER CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE-CHAIR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD CHAIR
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IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd01
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0HOT BREAD KITCHEN CREATES ECONOMIC OPPORTUNITY THROUGH CULINARY JOB SKILLS TRAINING AND PLACEMENT, FOOD ENTREPRENEURSHIP, AND AN ECOSYSTEM OF SUPPORT FOR INDIVIDUALS WHO FACE BARRIERS TO MEANINGFUL CAREERS.
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05581868
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05130228

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