Bread of Life Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 7/21/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Bread of Life Mission helps people experiencing homeless in the Seattle area. Bread of life Mission is a non-denominational, Christian, social services organization, which provides critically needed goods and services to the homeless, poor, and needy of Washington State without regard to race, color, sexual orientation, creed, national origin, or religion.


Contact information

Mailing address:
Bread of Life Mission
97 S. Main St.
Seattle, WA 98104

Website: breadoflifemission.org

Phone: 206-682-3579

Email: info@breadoflife.org


Organization details

EIN: 916057907

CEO/President: Willie Parish

Chairman: Leonard "Russ" Williams, Jr.

Board size: 8

Founder: Mavel Sherman

Year founded: 2005

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2010


Purpose

To see God transform the lives of those experiencing homelessness, impacting Seattle one life at a time.


Mission statement

Bringing hope, healing and recovery to Seattle homeless through a Christ-Centered approach.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating743 of 911133 of 159
Fund acquisition rating791 of 913149 of 159
Resource allocation rating800 of 913137 of 159
Asset utilization rating326 of 91164 of 159

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%21%20%16%19%26%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%18%17%14%16%23%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%89%88%90%86%89%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%22%20%15%16%24%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%11%12%10%14%11%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%68%69%75%72%65%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%85%85%96%100%98%
Program output ratio Program output ratio =
Program services /
Total revenue
76%58%59%73%72%63%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%15%15%4%0%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%13%15%5%0%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%11%11%10%11%11%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.740.841.151.001.11
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.741.641.762.112.592.95
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.241.211.482.442.603.27
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.3322.4526.3712.357.5833.49
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.040.040.080.130.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.459.507.804.524.013.56
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%2%4%5%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%132%117%83%95%89%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$416,437$410,163$204,618$688,464$556,319
Receivables, inventories, prepaids$17,786$39,570$30,832$9,297$31,077
Short-term investments$1,099,047$790,327$648,799$0$0
Other current assets$0$0$0$0$0
Total current assets$1,533,270$1,240,060$884,249$697,761$587,396
Long-term investments$0$0$0$0$0
Fixed assets$980,240$943,696$980,836$1,107,641$1,140,355
Other long-term assets$2,147$2,147$2,147$2,147$2,147
Total long-term assets$982,387$945,843$982,983$1,109,788$1,142,502
Total assets$2,515,657$2,185,903$1,867,232$1,807,549$1,729,898
 
Liabilities20202019201820172016
Payables and accrued expenses$68,305$47,028$71,607$91,996$17,542
Other current liabilities$0$0$0$0$0
Total current liabilities$68,305$47,028$71,607$91,996$17,542
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$68,305$47,028$71,607$91,996$17,542
 
Net assets20202019201820172016
Without donor restrictions$2,439,250$2,003,673$1,711,671$1,683,944$1,652,044
With donor restrictions$8,102$135,202$83,954$31,609$60,312
Net assets$2,447,352$2,138,875$1,795,625$1,715,553$1,712,356
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$1,929,915$1,891,708$2,011,931$1,568,591$1,748,008
Program service revenue$201,491$243,933$211,598$212,826$200,709
Membership dues$0$0$0$0$0
Investment income$34,509$30,224$21,224$34,217$16,756
Other revenue$3,840($12,530)($3,381)$0$0
Total other revenue$239,840$261,627$229,441$247,043$217,465
Total revenue$2,169,755$2,153,335$2,241,372$1,815,634$1,965,473
 
Expenses20202019201820172016
Program services$1,252,709$1,265,021$1,625,906$1,313,935$1,246,630
Management and general$198,432$195,262$209,751$202,577$219,063
Fundraising$399,868$374,328$320,476$295,925$454,518
Total expenses$1,851,009$1,834,611$2,156,133$1,812,437$1,920,211
 
Change in net assets20202019201820172016
Surplus (deficit)$318,746$318,724$85,239$3,197$45,262
Other changes in net assets$0$0$0$0$0
Total change in net assets$318,746$318,724$85,239$3,197$45,262

Compensation

NameTitleCompensation
Willie ParishPresident$119,949

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/21/2021. To update the information below, please email: info@ministrywatch.com


History

January 1939 - Towards the end of The Great Depression, Mavel Sherman started Bread of Life in a building on the corner of Washington and Occidental Street in downtown Seattle. The first year was filled with challenges, including a week-long closure due to shortage of funds and problems with Mavel Sherman's health.

October, 1939 - After nine months of starting Bread of Life, Mavel Sherman asked Jennie Conrad to take over as the Director of Bread of Life. Jennie Conrad agreed and accepted the position in October 1939. She served in that position for the next 35 years. Ms. Conrad began her social work with the Salvation Army and worked throughout the United States before she came to the Bread of Life. During her time at Bread of Life, she met and married Jack O'Hara, a new Christian who came to the BOLM looking for assistance. He was eventually ordained as a minister and served as Bread of Life's co-Director for eighteen years.

1942-1945 - Jennie and Rev. Jack O'Hara purchased a home in 1942 that was a subsidiary of the Bread of Life and a place for participants in the program to live during in their rehabilitation. A building committee was appointed in 1944. The committee stepped out in faith by making a payment of $1,000 for the building on the corner of 1st Ave and South Main, which remains the present home of the Bread of Life. Bread of Life drew financial support from three principal sources-rent from the hotel rooms in the building, offerings at Bread of Life's services, and donations from sponsors.

1945 - 2009

While building and maintaining Bread of Life's programs, the first recorded board meeting was March 15th, 1945 and began with three board members. Today we have six board members.

Bread of Life continues to provide temporary facilities, a bed, food clothing, and a safe environment for those who are in need. Bread of Life reaches beyond the physical needs by offering an opportunity to make a life-changing decision to accept Jesus Christ. Bread of Life is interdenominational and is supported entirely by individuals, churches, businesses, and foundations that believe in giving hope to Seattle's homeless. Bread of Life is an integral part of the historic Pioneer Square district in downtown Seattle and partners with many local organizations to bring improvements to the whole community.

The Bread of Life has a dedicated staff and Board of Directors who are committed to living according to the Gospel by being actively involved in the Pioneer Square community. The future goals of the Bread of Life are as follows:

Grow the capacity in our residential LifeChange substance abuse recovery program

Expand our shelter beyond daytime hours with the goal of creating a 24-hour program


Program accomplishments

The Mission's Day Shelter is the place the homeless call "home" for the day. We serve between 200-300 individuals daily. People come for essential services such as hot meals, clothing, showers and assistance with medical and social services.

6,700 articles of clothing are distributed to our guests every year. We provide shoes, clothing, toiletries, and other available items that the women need every week.

The third Saturday of every month the Mission goes to the Courthouse Park and provides warm meals and beverages to hundreds of homeless people.


Needs

Financial gifts (cash, stocks, donations through Amazon Smile purchases) provide nourishing meals, safe shelter, and life-saving programs. Volunteers can serve at one of the Holiday Outreach meals. Gently-used surplus clothing and household goods can be donated. Prayer is appreciated for the clients, staff, donors, and volunteers at the mission.