Bread of Life Inc
Nonprofit profile at a glance
- EIN
- 223199801
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Malden, MA, USA
- Phone
- 7813970404
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Religion Related N.E.C.
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $1,466,815
- Expenses
- $1,141,136
- Assets
- $7,965,870
- Liabilities
- $1,512,942
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- SEAN TWOMEY (PRESIDENT)
- MARY BETH LEON (VICE PRESIDENT)
People named in this filing
- SEAN TWOMEY (PRESIDENT)
- MARY BETH LEON (VICE PRESIDENT)
- CHRIS CHITOURAS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 86
- Accountability: 82
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.1%; rating input score 63
- Program expense ratio: 79.1%; rating input score 79
- Fundraising efficiency: $12.6 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.2%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 6.98; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 10.6% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 24% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 63.1% of revenue deployed · 79.1% of spending went to programs
- Governance: 18 of 18 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $903K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.