Bread of Life Housing Foundation

Nonprofit profile at a glance

EIN
934509525
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Las Vegas, NV, USA
Phone
6504305422
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Temporary Housing

Reported finances

Revenue
$76,859
Expenses
$65,375
Assets
$20,989
Liabilities
$4,505

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • LYN MINTON (PRESIDENT, TREASURER, DIR)
  • CLYDE MINTON (VICE PRESIDENT, DIRECTOR)

People named in this filing

  • LYN MINTON (PRESIDENT, TREASURER, DIR)
  • CLYDE MINTON (VICE PRESIDENT, DIRECTOR)
  • CHRISTIAN MATA (SEC, DIRECTOR, PROGRAM OPERATOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Temporary shared housing

What it reported doing in 2024

To provide a temporary shared housing community for individuals who are (1) living in a drug and alcohol-free environment, (2) developmentally disabled, battered, or experiencing mental health issues (3) receiving medication-assisted treatment, or (4) experiencing housing insecurities. In 2024, the nonprofit found 2 houses to lease with 21 beds for the purpose of restoring veterans to wholeness. Included in the bed fee is a sleep therapy system designed to improve sleep quality and health outcomes. Getting enough sleep is crucial for cognitive function and emotional regulation. Far-infrared therapy helps with pain and stiffness. Residents also have access to brain hq, software which provides brain training exercises that address cognitive decline.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 40
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.2%; rating input score 70
  • Program expense ratio: 82.5%; rating input score 82

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 14.9%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 50.5%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 70.2% of revenue deployed · 82.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.