Bread of Life Mission of Holbrook Arizona 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/25/2022. To update the information in this column, please email: info@ministrywatch.com
Summary
Bread of Life Mission is a 30 bed emergency shelter for men, women, and children. We have a Recovery/Intern/Discipleship Program for a limited number.
The mission filed a Form 990-EZ up until 2017.
Contact information
Mailing address:
Bread of Life Mission of Holbrook Arizona
PO Box 246
Holbrook, AZ 86025
Website: bolmaz.com
Phone: 928-524-3874
Email: cherisemerrick@hotmail.com
Organization details
EIN: 860830782
CEO/President: Cherise Merrick
Chairman: Kevin Berg
Board size: 5
Founder: Holbrook Ministerial Alliance
Ruling year: 1997
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Bread of Life offers a number of key services and programs, each designed to help the Mission's guests get to a better place in life.
Mission statement
Our Mission is to provide spiritual guidance and physical assistance including shelter, food and vocational training to people in need, in the name of our Lord Jesus Christ, to help them recognize and deal with their problems in a Life Changing Manner.
Statement of faith
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 100 of 1022 | 19 of 160 |
| Fund acquisition rating | | 201 of 1024 | 26 of 160 |
| Resource allocation rating | | 439 of 1024 | 67 of 160 |
| Asset utilization rating | | 72 of 1022 | 13 of 160 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 3% | 3% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 2% | 2% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 69% | 72% | 72% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 2% | 2% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 31% | 28% | 28% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 81% | 78% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 100% | 109% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 70% | 81% | 85% | 72% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | 0% | -9% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | -1% | -11% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 18% | 20% | 14% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 1.37 | 1.33 | 1.04 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.27 | 4.12 | 3.85 | 3.77 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.85 | 5.65 | 5.14 | 3.92 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.95 | 0.00 | 10.72 | 30.75 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.00 | 0.09 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.53 | 2.12 | 2.11 | 2.96 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 2% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 150% | 73% | 73% | 95% |
Financials
| Balance sheet | |||
| Assets | 2019 | 2018 | 2017 |
| Cash | $44,437 | $48,980 | $49,300 |
| Receivables, inventories, prepaids | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 |
| Total current assets | $44,437 | $48,980 | $49,300 |
| Long-term investments | $0 | $0 | $0 |
| Fixed assets | $138,672 | $139,837 | $136,560 |
| Other long-term assets | $0 | $0 | $0 |
| Total long-term assets | $138,672 | $139,837 | $136,560 |
| Total assets | $183,109 | $188,817 | $185,860 |
| Liabilities | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $0 | $4,571 | $1,603 |
| Other current liabilities | $0 | $0 | $0 |
| Total current liabilities | $0 | $4,571 | $1,603 |
| Debt | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 |
| Total liabilities | $0 | $4,571 | $1,603 |
| Net assets | 2019 | 2018 | 2017 |
| Without donor restrictions | $183,109 | $184,246 | $184,257 |
| With donor restrictions | $0 | $0 | $0 |
| Net assets | $183,109 | $184,246 | $184,257 |
| Revenues and expenses | |||
| Revenue | 2019 | 2018 | 2017 |
| Total contributions | $173,823 | $166,011 | $151,911 |
| Program service revenue | $34,009 | $38,738 | $38,045 |
| Membership dues | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Other revenue | $42,299 | $27,072 | $19,804 |
| Total other revenue | $76,308 | $65,810 | $57,849 |
| Total revenue | $250,131 | $231,821 | $209,760 |
| Expenses | 2019 | 2018 | 2017 |
| Program services | $202,750 | $197,071 | $150,282 |
| Management and general | $44,015 | $49,503 | $26,983 |
| Fundraising | $4,503 | $5,428 | $16,190 |
| Total expenses | $251,268 | $252,002 | $193,455 |
| Change in net assets | 2019 | 2018 | 2017 |
| Surplus (deficit) | ($1,137) | ($20,181) | $16,305 |
| Other changes in net assets | $0 | $0 | $0 |
| Total change in net assets | ($1,137) | ($20,181) | $16,305 |
Compensation
Compensation data for this ministry has not been collected.
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 4/25/2022. To update the information below, please email: info@ministrywatch.com
History
1996 - Holbrook Ministerial Alliance appointed a committee to address the needs of the area homeless. Bread of Life incorporated as a not-for-profit organization.
1997 - Bread of Life provided overnight shelter in a former gas station.
1998 - Winter shelter and hot meals provided in old fire station.
1999 - Bread of Life staff provided overnight shelter in United Methodist and St. George's Episcopal Church on freezing nights.
2000 - Received a Planning Grant from Arizona Department of Commerce.
2001 - Bread of Life provided shelter at Wesleyan Native American Mission.
2002 - Bread of Life received a grant from Arizona Department of Housing for $385,000 to build a 4320 square foot Emergency Shelter. Bread of Life received a grant from the Wallace Foundation to provide case management services to guests.
2003 - Southeast Indian Foundation and Flagstaff Area Christians in Mission assisted in building Hermosa Mini-Storage and vocational Training facility. Bread of Life opened a 30 bed Emergency Shelter. Bread of Life opened a Chapel and Drop-In center at 914 Hermosa Drive.
2004 - 8924 Meals Served / 4465 Bed Nights Provided.
2005 - 7618 Meals Served / 3809 Bed Nights Provided. Winter Shelter provided 838 bed Nights.
2008 - Hired Executive Director, Started New Guest Program
2009 - "Through all the many accessible Bible studies and activities, many are drawn to Christ Jesus and indicate decisions to follow Him"
2010 - The Lord answered our prayer and sent us a live-in "Chaplain" and his wife who is our "House Mom" to the women residents.
2011 - After much prayer, to better manage the kitchen duties, we have now hired an official "Food Service Manager".
2012 - In 2012 Bread Of Life Mission served 18,594 meals, excluding holidays. The mission also provided 5,721 bed-nights for men, 2,351 bed-nights for women and 542 bed-nights for children, for a total of 8,614 bed-nights. That's 2,109 more meals served this past year and 545 more bed-nights than last year.
2013 - In 2013, 9,904 bed nights were provided & 20,351 meals serving 7,129 male bed nights, 2,041 female bed nights and 734 children's bed nights.
2014 - In 2014, 11,588 bed nights were provided & 24,825 meals serving 8,339 bed nights for men, 2,829 for women and 420 for children.
2015 - In 2015, 12,036 bed nights were provided & 26,632 meals were served.
2017 - In 2017, there were 8,096 bed nights provided for men, 3,604 for women and 849 for children, totaling 12,539 bed nights provided to homeless. We served 24,840 meals.
2016 - In 2016, there were 6,970 bed nights provided for men, 3,486 for women and 634 for children totaling 11,582 bed nights provided to homeless. We served 22,695 meals.
2018 - We have had a record number of people in need this year. We have been blessed to have many people come to Christ here at the mission. We are experiencing many growing in Christ through discipleship.
2019 - In 2019, 13,421 bed nights were provided and 26,860 meals serving 9,353 bed nights for men, 3,782 for women and 281 for children. Six nights every week our guests opt to sit in on a chapel service provided by pastors and ministry leaders all over the evangelical community. Bible studies and classes are available, as well as addiction related services.