Bread & Roses Housing INC FY2020 filing

Lawrence, MAUnknown exempt organization EIN 04-2983365Revenue $470K in FY2020

On file with the IRSbrhousing.org15 Union Street No 401 · Lawrence, MA

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Create, preserve and advocate for affordable Housing opportunties for low-income families; support families' goals of self sufficiency, education and empowerment;

58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $63K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$465K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$470K
Spent
$269K
To programs
58%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$470K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$470K
FY2021$1.2M
FY2022$487K
FY2023$217K
FY2024$210K
FY2024$13K
Expenses
$269K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$269K
FY2021$1.4M
FY2022$345K
FY2023$390K
FY2024$279K
FY2024$18K
Net assets
$2.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.0M
FY2022$2.1M
FY2023$1.9M
FY2024$1.9M
FY2024$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $155K Management & general 25% · $67K Fundraising 18% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
President, Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer, Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024
Annmary Irene Connor$3,935$90,171

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds and protects affordable homes, empowering low-income families toward self-sufficiency and education.

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Provided by the organization

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1 program · $155K · in their own filed words · FY2019
01

Bread & roses housing's affordable home owership opportunties are among the most accessible and affordable in new england. Its community land trust model, a progressive solution to community change, takes the value of the land out of the home-buying process, preserving the land as a community resource while opening the door to home…

$155Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$63K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$470K
Ln 12
Gifts and grantsLn 1h$405K
Fees for servicesLn 2g$65K
Money outPt IX
$269K
Ln 25
Programscol B$155K
Managementcol C$67K
Fundraisingcol D$47K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$2.6M
LiabilitiesLn 26$465K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$405K
Government grantsLn 1e$253K
Noncash giftsLn 1g$250K
Fees for servicesLn 2g$65K
Total revenueLn 12$470K
Assets in detailPt X, end of year
SavingsLn 2$199K
Cash and savings togetherLn 1–2$199K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$579K
Total assetsLn 16$2.6M
LiabilitiesLn 26$465K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$163K$199K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$328K$465K
Net assetsLn 32$1.9M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$54K$6K$30K
Other salaries and wagesLn 7$77K$37K$40K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$20K$11K$5K$3K
Accounting feesLn 11c$5K$5K
Professional fundraising feesLn 11e$12K$12K
Office expensesLn 13$4K$4K
OccupancyLn 16$12K$12K
Other expenses (24a–d)Ln 24$31K$23K$6K$2K
Total functional expensesLn 25$269K$155K$67K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $210K$279K−$69K$1.9M 990 PDF
FY2023 $217K$390K−$174K$1.9M 990 PDF
FY2022 $487K$345K$142K$2.1M 990 PDF
FY2021 $1.2M$1.4M−$201K$2.0M 990 PDF
FY2020 Viewing $470K$269K$202K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $470,457 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $386,120$405,172
I-9 Program service revenuePrior year $83,489$65,285
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $469,609$470,457
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $223,810$204,134
I-16a Professional fundraising feesPrior year $25,000$12,213
I-17 Other expensesPrior year $61,481$52,348
I-18 Total expensesPrior year $310,291$268,695
I-19 Revenue less expensesPrior year $159,318$201,762
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $470,457 across 6 lines filed
VIII-1e Government grants$253,000
VIII-1f All other contributions, gifts and grants$152,172
VIII-1g Noncash contributions (included above)$250,000
VIII-1h Total contributions, gifts and grants$405,172
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,285$65,285
VIII-12 Total revenueRelated to mission $65,285 · Unrelated business $0 · Excluded from tax $0$470,457
Part IX · Statement of functional expenses $268,695 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,415 · Management $6,380 · Fundraising $30,352$91,147
IX-7 Other salaries and wagesPrograms $37,075 · Management $39,644$76,719
IX-9 Other employee benefitsPrograms $16,540$16,540
IX-10 Payroll taxesPrograms $11,359 · Management $5,045 · Fundraising $3,324$19,728
IX-11c Accounting feesManagement $5,352$5,352
IX-11e Professional fundraising feesFundraising $12,213$12,213
IX-13 Office expensesManagement $3,862$3,862
IX-16 OccupancyPrograms $11,937$11,937
IX-24 Other expenses (24a–d)Programs $23,373 · Management $6,316 · Fundraising $1,508$31,197
IX-25 Total functional expensesPrograms $154,699 · Management $66,599 · Fundraising $47,397$268,695
Part X · Balance sheet $2,616,235 assets, 11 lines filed
Asset lines not itemized here account for $520,836; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $162,587$198,553
X-9 Prepaid expenses and deferred chargesStart of year $4,403$3,538
X-10c Land, buildings and equipment, netStart of year $1,314,681$1,314,681
X-15 Other assetsStart of year $201,668$578,627
X-16 Total assetsStart of year $2,277,557$2,616,235
X-17 Accounts payable and accrued expensesStart of year $39,112$25,028
X-26 Total liabilitiesStart of year $327,707$464,623
X-27 Net assets without donor restrictionsStart of year $1,899,850$2,151,612
X-28 Net assets with donor restrictionsStart of year $50,000$0
X-32 Total net assets or fund balancesStart of year $1,949,850$2,151,612
X-33 Total liabilities and net assetsStart of year $2,277,557$2,616,235
Part XI · Reconciliation of net assets $2,151,612 net assets at year end
XI-1 Total revenue$470,457
XI-2 Total expenses$268,695
XI-3 Revenue less expenses$201,762
XI-4 Net assets at start of year$1,949,850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,151,612

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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