Overview
What is Breakthrough Holdings Inc Nfp?
Breakthrough Holdings Inc Nfp is a nonprofit organization, specifically a real property holding company, established to manage assets associated with new market transactions and oversee construction projects involving these assets. Its primary mission is to hold property titles and collect income derived from these properties, subsequently channeling the income, after deducting expenses, towards Breakthrough Urban Ministries. Based in Chicago, Illinois, the company's purpose is to support the broader mission of Breakthrough Urban Ministries.
Is Breakthrough Holdings Inc Nfp legitimate?
Breakthrough Holdings Inc Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Breakthrough Holdings Inc Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Breakthrough Holdings Inc Nfp?
Breakthrough Holdings Inc Nfp serves as a real property holding company, primarily for Breakthrough Urban Ministries. Its primary objective is to manage the titles of the properties and collect income derived from them. After deducting the associated expenses, the company then transfers the remaining income to Breakthrough Urban Ministries. Established to oversee new market transactions and construction projects involving these assets, Breakthrough Holdings Inc Nfp plays a crucial role in supporting the operational activities of Breakthrough Urban Ministries.
Who is the CEO of Breakthrough Holdings Inc Nfp?
John Smith is the President of Breakthrough Holdings Inc Nfp.
What is the revenue of Breakthrough Holdings Inc Nfp?
Breakthrough Holdings Inc Nfp's revenue in 2022 was $1,000.
Who are the executives of Breakthrough Holdings Inc Nfp and what are their salaries?
There 6 volunteers at Breakthrough Holdings Inc Nfp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $94,971
- Other: $27,395
Where can I find the form 990 for Breakthrough Holdings Inc Nfp?
Breakthrough Holdings Inc Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Breakthrough Holdings Inc Nfp
Breakthrough Holdings Inc Nfp serves as a real property holding company, with a primary mission to support Breakthrough Urban Ministries. This mission involves holding title to property, collecting income derived from these properties, and then distributing the earnings, after deducting expenses, to Breakthrough Urban Ministries. The company was formed with the specific purpose of managing assets involved in new market transactions and overseeing construction projects associated with these assets. Essentially, Breakthrough Holdings Inc Nfp acts as a financial intermediary, facilitating the flow of resources to Breakthrough Urban Ministries to further their mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Breakthrough Holdings Inc Nfp plays a crucial role in supporting community development through its activities as a real property holding company. By holding title to property and overseeing construction projects, it facilitates the growth and improvement of infrastructure that directly benefits the community served by Breakthrough Urban Ministries. The organization collects income from these properties, which is reinvested back into the community after covering expenses, thus creating a sustainable cycle of support for various human services.
Located in Chicago, Illinois, Breakthrough Holdings Inc Nfp contributes to the revitalization of urban areas by managing assets involved in new market transactions. This ensures that essential services continue to be funded and maintained, further enhancing the welfare and quality of life for residents. The oversight of construction projects not only addresses immediate housing and communal needs but also fosters job creation and economic development within the region. Overall, Breakthrough Holdings Inc Nfp is pivotal in leveraging real estate for social impact, demonstrating how effective asset management can lead to positive changes in underserved communities.
This information is meant to be a general summary of Breakthrough Holdings Inc Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,000
- Gross Receipts: $1,000
Assets and Liabilities:
- Total Assets: $13,368,735
- Total Liabilities: $0
- Net Assets: $13,368,735
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$1,000
Organization Details
Founding Year
2013
Phone
(773) 772-1144Principal Officer
John Smith
Main Address
402 N St Louis Ave, Chicago, IL, 60624
NTEE Category
Code: P51 - Human services
If you are a representative of Breakthrough Holdings Inc Nfp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.