Overview
What is House Of Bread Inc?
House of Bread Inc. is a nonprofit organization situated in Hartford, Connecticut, with a compassionate mission to provide urban ministry to the economically disadvantaged population in the area. Their primary activities include operating a soup kitchen, offering free meals to around 190 individuals daily, and serving approximately 111,200 meals annually. The day shelter they provide offers a safe space for the homeless, supplemented by personal counseling and language support. With a commitment to simplicity, dignity, and respect, House of Bread Inc. aims to uplift the community and help those in need, employing a team of 16 dedicated individuals.
Official website here: www.hobread.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
House of Bread Inc has achieved an impressive 97% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization scored full marks in multiple areas, including having a fully independent board and an effective audit and oversight committee. Its financial health is indicated by a low liability-to-assets ratio, high program expense ratio, and outstanding fundraising efficiency.
The organization demonstrates transparency and adherence to best practices by implementing policies like conflict of interest, whistleblower guidelines, and comprehensive document retention protocols. Additionally, the absence of any material diversion of assets highlights the charity's integrity in handling donations and resources.
While the rating underscores the strengths of House of Bread Inc, it is essential for potential donors and stakeholders to remain informed about ongoing operations and programmatic impacts. Overall, this nonprofit exemplifies effective management and accountability, making it a trustworthy choice for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is House Of Bread Inc legitimate?
House Of Bread Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. House Of Bread 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: $108,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $463,621
For more financial information, click here
Official website here: www.hobread.org
What is the mission statement of House Of Bread Inc?
House of Bread Inc's mission is centered around providing urban ministry to economically disadvantaged individuals in an area. Simplicity, dignity, and respect are the guiding principles in offering services to the hungry, homeless, and needy population. Their activities include operating a soup kitchen, offering day shelter, and providing personal counseling and language support. On average, the soup kitchen serves around 190 individuals daily, and annually, it provides approximately 111,200 meals.
Official website here: www.hobread.org
Who is the CEO of House Of Bread Inc?
Beth Boyle is the Co-Director of House Of Bread Inc.
Official website here: www.hobread.org
What is the revenue of House Of Bread Inc?
House Of Bread Inc's revenue in 2022 was $2,164,679.
Official website here: www.hobread.org
Who are the executives of House Of Bread Inc and what are their salaries?
The average compensation at House Of Bread Inc during 2022 was $35,737. There are 16 employees and 184 volunteers at House Of Bread Inc.
Here are 16 key members and their salaries:
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Official website here: www.hobread.org
Where can I find the form 990 for House Of Bread Inc?
House Of Bread Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hobread.org
Learn more at the official website: www.hobread.org
Mission Statement of House Of Bread Inc
House of Bread Inc is committed to providing urban ministry to economically disadvantaged individuals in the Hartford area. They uphold the principles of simplicity, dignity, and respect in their services to the hungry, homeless, and needy population. The organization operates a soup kitchen and day shelter, providing free meals to the impoverished and homeless, offering a day shelter for the homeless, and offering personal counseling and language support. On average, the soup kitchen serves 190 individuals daily, and annually, they serve approximately 111,200 meals. House of Bread Inc's mission is to offer assistance with compassion and respect, aiming to improve the lives of those in need within their community.
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Impact
July, 2024
House of Bread Inc's impact can be seen in their dedicated efforts to provide urban ministry to the economically disadvantaged in the Hartford area. Through their soup kitchen and day shelter, they offer free meals to the poor and homeless, provide day shelter services, personal counseling, and language support. On average, the soup kitchen serves 190 individuals per day and provides approximately 111,200 meals per year. Their mission to serve the hungry, homeless, and needy population with simplicity, dignity, and respect is reflected in their daily services.
This information is meant to be a general summary of House Of Bread 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.
- Investment Income: $13,959
- Program Service Revenue: $241,172
- Gross Receipts: $3,219,498
Assets and Liabilities:
- Total Assets: $7,118,756
- Total Liabilities: $67,435
- Net Assets: $7,051,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSITIONAL & LT HOUSING
Revenue
$229,103
OTHER SERVICE REVENUE & MISC
Revenue
$12,069
Organization Details
Founding Year
1982
Phone
(860) 549-4188Principal Officer
Beth Boyle
Main Address
27 CHESTNUT STREET, HARTFORD, CT, 06120
Website
www.hobread.orgNTEE Category
Code: L00 - Housing
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