Totals
- Total revenue
- $375,430
- Total expenses
- $234,159
- Contributions and grants received
- $107,919
- Grants paid
- $0
- Program service revenue
- $250,000
- Investment income
- $17,511
- Other revenue
- $0
- Total assets, end of year
- $636,132
- Total liabilities, end of year
- $208,974
- Net assets or fund balances, end of year
- $427,158
- Program services expenses (Part IX)
- $202,505
- Management and general expenses
- $31,654
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $202,505
Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$107,919
-
1g · Noncash contributions included above
$6,739
-
2a · Program service revenue: SALE OF AFFORDABLE HOU
total $250,000 · related or exempt $250,000
-
3 · Investment income
total $16,303 · excluded $16,303
-
7a · Gross sales of assets other than inventory
securities $138,750
-
7b · Less cost or other basis and sales expenses
securities $137,542
-
7c · Gain or loss
securities $1,208
-
7d · Net gain or loss
total $1,208 · excluded $1,208
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $1,478 · management and general $1,478
-
11g · Fees: other
total $1,767 · management and general $1,767
-
12 · Advertising and promotion
total $2,332 · program services $2,332
-
13 · Office expenses
total $8,336 · program services $4,168 · management and general $4,168
-
16 · Occupancy
total $31,359 · program services $15,679 · management and general $15,680
-
17 · Travel
total $3,116 · program services $3,116
-
20 · Interest
total $2,579 · management and general $2,579
-
23 · Insurance
total $1,151 · management and general $1,151
-
24a · Other expenses: PURCHASE/REHAB COSTS OF
total $159,970 · program services $159,970
-
24b · Other expenses: DONATED GOODS/TOYS
total $11,043 · program services $11,043
-
24c · Other expenses: MILEAGE
total $4,188 · program services $4,188
-
24d · Other expenses: MEALS
total $4,017 · program services $2,009 · management and general $2,008
-
24e · All other expenses
total $2,823 · management and general $2,823
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,101 · end of year $116,498
-
12 · Investments: other securities
beginning of year $353,024 · end of year $276,634
-
15 · Other assets
beginning of year $0 · end of year $243,000
-
17 · Accounts payable and accrued expenses
beginning of year $511 · end of year $1,143
-
25 · Other liabilities
beginning of year $199,000 · end of year $207,831
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $290,614 · end of year $427,158
Mission and programs · 2024
Mission
HELPING PEOPLE FIND AFFORDABLE HOUSING AS DETERMINED BY HUD FOR LOW/VERY LOW INCOME FAMILIES.
-
OUR GOAL IS TO HELP PEOPLE AS DETERMINED BY HUD PUBLISHED STANDARDS, THAT ARE LOW OR VERY LOW-INCOME EARNERS THAT CANNOT QUALIFY TO PURCHASE A HOME AND, IN MANY SITUATIONS, CANNOT EVEN AFFORD A DECENT RENTAL HOME AT MARKET RATES TO OBTAIN AFFORDABLE HOMES TO RENT OR BUY.IN 2024, WE ACQUIRED OUR FIRST PROPERTY, 1550 RIMPAU AVE IN CORONA, CA. THE PROPERTY WAS FULLY RENOVATED AND SOLD TO A LOW-INCOME FAMILY BELOW MARKET VALUE. BREAK BARRIERS FOUNDATION ALSO OFFERED THE LOW-INCOME FAMILY BUYERS A 10-YEAR INTEREST-FREE LOAN, WITH SELLER FINANCING, AT A 3% DOWNPAYMENT.
Expenses $191,462 · Revenue $250,000
-
FOR THE 2024 HOLIDAY SEASON, BREAK BARRIERS FOUNDATION TEAMED UP WITH LAC+USC COUNTY MEDICAL CENTER PEDIATRIC DEPARTMENT FOR A TOY DRIVE. LAC+USC PEDIATRIC DEPARTMENT PROVIDES HEALTHCARE TO THOUSANDS OF SICK CHILDREN WHO COME FROM THE MOST UNDERSERVED AND MARGINALIZED PARTS OF LOS ANGELES COUNTY. THESE BEAUTIFUL CHILDREN GO THROUGH SO MUCH AND DECIDED TO PUT A SMILE ON ALL THEIR FACES BY ENSURING THEY HAVE A CHRISTMAS PRESENT TO UNWRAP.
Expenses $11,043
As filed on the 2024 return.
Listed in Part VII
-
Faraj MouradFARAJ MOURAD
DIRECTOR, PRESIDENT, TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Christine Kassissa-MouradCHRISTINE KASSISSA-MOURAD
DIRECTOR, VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532129349301128
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