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Nonprofiteer
← BREAD OF LIFE INC

Form 990 for tax year 2024

Filed by BREAD OF LIFE INC.

Totals

Total revenue
$1,466,815
Total expenses
$1,141,136
Contributions and grants received
$1,268,972
Grants paid
$0
Program service revenue
$0
Investment income
$57,172
Other revenue
$140,671
Total assets, end of year
$7,965,870
Total liabilities, end of year
$1,512,942
Net assets or fund balances, end of year
$6,452,928
Program services expenses (Part IX)
$902,978
Management and general expenses
$137,468
Fundraising expenses
$100,690
Program service expenses (Part III)
$902,978

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $496,031

  • 1f · All other contributions, gifts and grants

    $772,941

  • 3 · Investment income

    total $57,172 · related or exempt $57,172

  • 8a · Fundraising events: gross income

    $134,892

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $134,892 · excluded $134,892

  • 11a · Other revenue: MISCELLANEOUS

    total $5,779 · related or exempt $5,779

  • 11e · Other revenue, total

    $5,779

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $429,908 · program services $345,406 · management and general $51,315 · fundraising $33,187

  • 9 · Other employee benefits

    total $86,968 · program services $69,740 · management and general $10,462 · fundraising $6,766

  • 10 · Payroll taxes

    total $40,037 · program services $32,175 · management and general $4,774 · fundraising $3,088

  • 11c · Fees: accounting

    total $12,000 · program services $9,622 · management and general $1,444 · fundraising $934

  • 11g · Fees: other

    total $4,663 · program services $3,739 · management and general $561 · fundraising $363

  • 12 · Advertising and promotion

    total $18,766 · fundraising $18,766

  • 13 · Office expenses

    total $25,934 · program services $20,821 · management and general $3,105 · fundraising $2,008

  • 16 · Occupancy

    total $65,208 · program services $45,482 · management and general $11,979 · fundraising $7,747

  • 20 · Interest

    total $53,909 · program services $53,909

  • 22 · Depreciation, depletion and amortization

    total $107,073 · program services $86,560 · management and general $12,457 · fundraising $8,056

  • 23 · Insurance

    total $3,655 · program services $2,931 · management and general $440 · fundraising $284

  • 24a · Other expenses: CLIENT FOOD AND PERSONA

    total $124,912 · program services $100,167 · management and general $15,027 · fundraising $9,718

  • 24b · Other expenses: UTILITIES

    total $34,954 · program services $28,030 · management and general $4,205 · fundraising $2,719

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $31,696 · program services $31,696

  • 24d · Other expenses: VAN EXPENSES

    total $26,642 · program services $21,364 · management and general $3,205 · fundraising $2,073

  • 24e · All other expenses

    total $74,811 · program services $51,336 · management and general $18,494 · fundraising $4,981

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,089 · end of year $114,728

  • 2 · Savings and temporary cash investments

    beginning of year $1,546,347 · end of year $1,620,500

  • 3 · Pledges and grants receivable

    beginning of year $336,019 · end of year $117,655

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,864 · end of year $11,925

  • 10a · Land, buildings and equipment: cost or other basis

    $6,427,157

  • 10b · Land, buildings and equipment: accumulated depreciation

    $326,095

  • 10c · Land, buildings and equipment, net

    beginning of year $637,295 · end of year $6,101,062

  • 15 · Other assets

    beginning of year $3,718,304 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,671 · end of year $127,942

  • 23 · Secured mortgages and notes payable

    beginning of year $79,998 · end of year $1,250,000

  • 24 · Unsecured notes and loans payable

    end of year $135,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,534,672 · end of year $6,243,613

  • 28 · Net assets with donor restrictions

    beginning of year $592,577 · end of year $209,315

Mission and programs · 2024

Mission

THE ORGANIZATION PROVIDES FREE FOOD FOR FOOD-INSECURE RESIDENTS. IT ALSO COLLABORATES WITH LOCAL AGENCIES TO HELP LOW-INCOME PEOPLE OBTAIN HOUSING, SHELTER, FURNITURE, AND COUNSELING.

Activities or mission (Part I)

MEALS PROGRAM, FOOD PANTRY AND OUTREACH PROGRAM

  • FOOD PANTRY AND MEALS PROGRAMIN 2024, BREAD OF LIFE EXPANDED ITS FOOD PROGRAMS TO KEEP UP WITH AN 18% FOOD INSECURITY RATE IN MASSACHUSETTS AS OF SEPTEMBER 2024, A LEVEL THAT APPROACHES WHAT WE SAW DURING THE PANDEMIC. WE CONTINUE TO MEET THE NEED AND STOP FOOD INSECURITY FOR THOUSANDS OF STRUGGLING NEIGHBORS IN MALDEN, EVERETT, MELROSE, MEDFORD, WAKEFIELD, WINCHESTER, STONEHAM, SAUGUS, READING, NORTH READING, WINTHROP, REVERE AND CHELSEA. O PROVIDED FOOD FOR 63,000 HOUSEHOLDS MADE UP OF 144,000 INDIVIDUALS.O DISTRIBUTED 79,000 BAGS OF GROCERIES TO ADULTS, CHILDREN AND SENIORS THROUGH OUR MALDEN AND EVERETT PANTRIES, MOTEL OUTREACH AND EVERETT BACKPACK NUTRITION PROGRAM.O DELIVERED 12,000 GROCERY ORDERS TO SENIOR CITIZENS, DISABLED RESIDENTS AND COVID-QUARANTINED HOUSEHOLDS THROUGH OUR GROCERY DELIVERY PROGRAM.O DELIVERED MEALS AND GROCERIES TO 4,300 HOMELESS HOUSEHOLDS OF INDIVIDUALS AND FAMILIES SHELTERED IN LOCAL MOTELS.O DISTRIBUTED 3,030 BACKPACKS TO STUDENTS IN THE EVERETT PUBLIC SCHOOLS.O PROVIDED 33,584 MEALS THROUGH OUR EVENING MEAL PROGRAM, INCLUDING MEAL DELIVERY TO HOMEBOUND SENIOR CITIZENS AND FAMILIES AND INDIVIDUALS IN SHELTER. O PROVIDED INTERPRETING AND TRANSLATION SERVICES, NUTRITION AND SANITATION EDUCATION, AND OUTREACH TO IMMIGRANT AND BIPOC COMMUNITIES TO IMPROVE FOOD EQUITY BY OVERCOMING BARRIERS TO ACCESS THROUGH OUR FOOD ACCESS PROJECT.O PROVIDED THOUSANDS OF DOLLARS' WORTH OF SUPERMARKET GIFT CARDS, TOILETRIES, HOUSEHOLD SUPPLIES, DIAPERS, BLANKETS, JACKETS, BOOTS, SNEAKERS, GLOVES, HATS AND SCARVES TO FAMILIES AND INDIVIDUALS.

    Expenses $902,978

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sean Twomey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Mary Beth Leon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Chris Chitouras

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Mark Golub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dennis Roche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kathleen McKenna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Edwin Andrews

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Louis Gentile Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jana Gimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Douglas Mayers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bernadette Mutebi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sara Brandon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stacy Zielinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Barbara Durgin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Elizabeth Lombardozzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Claudia Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Robert Goodreau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Annamaria Georgopoulos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 54 EASTERN AVE MALDEN LLC

    ENGAGE IN INVESTMENT AND OWNERSHIP AND DEVELOPMENT OF REAL ESTATE · MA

    Directly controlled by BREAD OF LIFE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349311281

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