Daily Bread Inc

Nonprofit profile at a glance

EIN
592846212
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Melbourne, FL, USA
Phone
3217231060
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$4,755,803
Expenses
$2,733,513
Assets
$5,126,198
Liabilities
$77,249

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

Leadership & pay

14 people listed

Executive titles in this filing

  • DOUG HILMES (PRESIDENT)
  • NANCY TOMASSONE (VICE PRESIDENT)
  • JEFFREY NJUS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JEFFREY NJUS (EXECUTIVE DIRECTOR): $97,049 total reported compensation

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

Overview

Mission

Daily bread's mission is to ensure no one faces hunger or homelessness alone; to have a community that comes together to share a meal and other resources with our neighbors in need, helping each person move forward and find a home.

What it reported doing in 2024

Outreach/fresh start program: daily bread provides individuals the opportunity to shower, receive clean clothing and other hygiene needs. In 2024 daily bread faciliated an average of 271 showers a week, a slightly over 2023. In addition, daily bread assists homeless individuals with access to medical care, partnering with brevard health alliance and needed prescriptions, partnering with a local pharmacy. With a focus on housing, daily bread assists individuals obtain the necessary documents (i.d, birth certificate) required to apply for employment/housing. Daily bread works closely with the brevard homeless coalition, ensuring the needs of homeless individuals within our community are addressed.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.7%; rating input score 51
  • Program expense ratio: 87.5%; rating input score 87
  • Fundraising efficiency: $38.98 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 42.5%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.88; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 11.9% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 14.7% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 50.7% of revenue deployed · 87.5% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $97K · 14 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.