Overview
What is Bread & Roses Housing Inc?
Bread & Roses Housing Inc is a nonprofit organization situated in Lawrence, Massachusetts, dedicated to making homeownership accessible and affordable for low-income families. The organization employs a community land trust model, separating land value from home buying, preserving it as a community resource while offering opportunities for homeownership. Besides creating and preserving affordable housing, Bread & Roses Housing Inc provides support programs, offering education, training, networking, and empowerment opportunities to ensure families' continued success. Advocating for the housing needs of low-income families through collaborative partnerships is a significant priority for the organization. Since its inception, Bread & Roses Housing has conducted educational seminars for over 2,700 first-time homebuyers and helped 54 families secure and maintain their homes, providing opportunities that might have otherwise been unattainable.
Official website here: www.brhousing.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Bread & Roses Housing Inc has received an impressive 96% rating from Charity Navigator, which translates to a Four-Star rating, indicating a strong commitment to accountability and financial integrity. The organization scores particularly high in the Accountability & Finance category with a score of 90%, demonstrating effective governance and transparency. Key indicators include a fully independent board and no material diversion of assets, ensuring donors can trust that their contributions are managed responsibly.
The nonprofit's program expense ratio stands at 81.89%, reflecting a significant portion of its budget directed towards its mission-driven programs. Additionally, the organization has implemented robust policies, including a conflict of interest policy and a whistleblower policy, enhancing its operational credibility. These factors collectively highlight the organization’s dedication to maintaining high standards of financial health and accountability.
While the Culture & Community score is slightly lower at 83, indicating room for improvement in engagement and inclusivity, the overall performance of Bread & Roses Housing Inc positions it as a reputable organization in the nonprofit sector. The established equity strategies also suggest an awareness of and commitment to addressing broader social issues within its community.
This AI summary has been generated from information found on Charity Navigator.
Is Bread & Roses Housing Inc legitimate?
Bread & Roses Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread & Roses Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $206,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brhousing.org/
What is the mission statement of Bread & Roses Housing Inc?
Bread & Roses Housing Inc is committed to creating, preserving, and advocating for affordable housing opportunities for low-income families. Their mission extends beyond housing, aiming to support the families' goals of self-sufficiency, education, and empowerment. The organization also works towards improving economically distressed neighborhoods and advocating for the affordable housing needs of very low-income households within their operational area. Through their community land trust model, they make home ownership accessible and affordable, preserving land as a community resource while opening doors for low-income families. Their family support program offers education, training, networking, and organizing opportunities to ensure the families' continued success. Advocating for the housing needs of low-income families through collaborative partnerships is a key priority for Bread & Roses Housing Inc. Since its inception, the organization has conducted educational seminars for low-income first-time homebuyers and helped 54 families purchase and maintain their own homes.
Official website here: www.brhousing.org/
Who is the CEO of Bread & Roses Housing Inc?
Teresa Gonzales is the President, Board Member of Bread & Roses Housing Inc.
Official website here: www.brhousing.org/
What is the revenue of Bread & Roses Housing Inc?
Bread & Roses Housing Inc's revenue in 2022 was $486,722.
Official website here: www.brhousing.org/
Who are the executives of Bread & Roses Housing Inc and what are their salaries?
The average compensation at Bread & Roses Housing Inc during 2022 was $68,808. There are 3 employees and 7 volunteers at Bread & Roses Housing Inc.
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Official website here: www.brhousing.org/
Where can I find the form 990 for Bread & Roses Housing Inc?
Bread & Roses Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brhousing.org/
Learn more at the official website: www.brhousing.org/
Mission Statement of Bread & Roses Housing Inc
Bread & Roses Housing Inc is committed to creating, preserving, and advocating for affordable housing opportunities for low-income families. Their mission extends beyond providing homes; they also aim to support the families' goals of self-sufficiency, education, and empowerment. This nonprofit organization strives to improve economically distressed neighborhoods and advocates for the affordable housing needs of very low-income households within the greater Lawrence area.
Bread & Roses Housing Inc employs a unique community land trust model to create and preserve affordable homeownership opportunities. By separating the value of the land from the home-buying process, they ensure that the land remains a community resource while making homeownership accessible to families who might otherwise be excluded from the housing market. This innovative approach has enabled 54 families to purchase and maintain their own homes, providing them with stability and a sense of pride in their communities.
Moreover, Bread & Roses Housing Inc offers a family support program that provides education and training, networking, and organizing opportunities to ensure the continued success of the families they serve. Their advocacy efforts in collaboration with other organizations help address the housing needs of low-income families, conducting education seminars for over 2,700 low-income, first-time homebuyers in the process. Through these initiatives, Bread & Roses Housing Inc continues to make a significant impact in the lives of low-income families, helping them achieve self-sufficiency and build better futures for themselves and their communities.
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Impact
July, 2024
Bread & Roses Housing Inc's impact is profound. By creating and preserving affordable housing opportunities for low-income families and supporting their goals of self-sufficiency, education, and empowerment, the organization has made a significant difference in the lives of many. Through its innovative community land trust model, Bread & Roses Housing has made affordable homeownership accessible to very low-income families, effectively removing barriers to entry into the housing market.
Furthermore, the organization's family support program provides essential education, training, networking, and organizing opportunities to ensure the continued success of families in their homes. Advocating for the housing needs of low-income families through collaborative partnerships is a key priority for Bread & Roses Housing, further enhancing its impact in the community.
Having conducted education seminars for over 2,700 low-income, first-time homebuyers and enabling 54 families to obtain and maintain their own homes, Bread & Roses Housing has truly made a difference in providing housing opportunities to those who might have never had the chance to own their property otherwise. Their dedication to improving economically distressed neighborhoods and advocating for the affordable housing needs of very low-income households within the Greater Lawrence area demonstrates the organization's commitment to creating positive change and empowering families in need.
This information is meant to be a general summary of Bread & Roses Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $126,862
- Gross Receipts: $486,722
Assets and Liabilities:
- Total Assets: $2,264,147
- Total Liabilities: $171,554
- Net Assets: $2,092,593
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING INTEREST, FEES
Revenue
$85,947
Organization Details
Founding Year
1987
Phone
(978) 685-1823Principal Officer
Teresa Gonzales
Main Address
15 UNION STREET 401, LAWRENCE, MA, 01840
Website
www.brhousing.org/NTEE Category
Code: L20 - Housing
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