BREAKING GROUND II HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BREAKING GROUND II HOUSING DEVELOPMENT FUND CORPORATION (EIN 13-3846708)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-06
- IRS object ID
- 202413119349302756
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-06T13:07:35-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133846708 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BREAKING GROUND II HOUSING DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | FUND CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BREA | BusinessNameControlTxt |
| Phone | 2123899300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 505 EIGHTH AVENUE 5TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN MORAN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2123899300 | PhoneNum |
| Signature | 2024-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRENDA ROSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 505 EIGHTH AVE 5TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,820,753 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BREAKINGGROUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1995 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | OWN, REHABILITATE & MANAGE LOW INCOME HOUSING PROJECTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,435,338 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,110,374 | CYProgramServiceRevenueAmt |
| PY Investment Income | $148,053 | PYInvestmentIncomeAmt |
| CY Investment Income | -$3,803,312 | CYInvestmentIncomeAmt |
| PY Other Revenue | $367,784 | PYOtherRevenueAmt |
| CY Other Revenue | $539,188 | CYOtherRevenueAmt |
| PY Total Revenue | $1,951,175 | PYTotalRevenueAmt |
| CY Total Revenue | $4,846,250 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $593,193 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $588,962 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,738,185 | PYOtherExpensesAmt |
| CY Other Expenses | $1,430,853 | CYOtherExpensesAmt |
| PY Total Expenses | $3,331,378 | PYTotalExpensesAmt |
| CY Total Expenses | $2,019,815 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,380,203 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,826,435 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $113,381,926 | TotalAssetsBOYAmt |
| Total Assets EOY | $115,715,861 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $18,349,336 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,856,836 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $95,032,590 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $97,859,025 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,889,038 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $8,110,374 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Total Program Service Expenses | $1,889,038 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN MORAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123899300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 505 EIGHTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| BRENDA E ROSEN | |||||||
| PRESIDENT & CEO | 5.26 | 29.74 | Yes (X) | Yes (X) | $0 | $629,604 | $13,827 |
| DAVID BEER | |||||||
| VICE PRESIDENT | 8.16 | 26.84 | Yes (X) | Yes (X) | $0 | $336,867 | $47,221 |
| JUDITH ROSENFELD | |||||||
| SECRETARY | 8.45 | 26.55 | Yes (X) | Yes (X) | $0 | $136,281 | $17,273 |
| BENJAMIN STACKS | |||||||
| TREASURER | 0.08 | 0.47 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| NICHOLAS TSANG | |||||||
| DIRECTOR | 0.16 | 0.19 | Yes (X) | $0 | $0 | $0 | |
| KEVIN MORAN | |||||||
| CFO | 5.26 | 29.74 | Yes (X) | $0 | $353,041 | $47,221 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,455,793 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $125,542 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPER FEE INCOME | 531110 | $6,228,609 | $6,228,609 |
| TENANT HOUSING (GOV'T CONTRACTS) | 900099 | $1,881,765 | $1,881,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,110,374 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $171,191 | TotalRevenueColumnAmt |
| Exclusion | $171,191 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $237,466 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $237,466 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $237,466 | TotalRevenueColumnAmt |
| Exclusion | $237,466 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,974,503 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$3,974,503 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,974,503 | TotalRevenueColumnAmt |
| Exclusion | -$3,974,503 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| EFFICIENT ENERGY REBATES | 900099 | $165,202 | $165,202 |
| HASA INCOME OFFSET | 900099 | $136,520 | $136,520 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $301,722 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,846,250 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,110,374 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$3,264,124 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $471,782 | TotalAmt |
| Program Services | $392,145 | ProgramServicesAmt |
| Management And General | $79,637 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,367 | TotalAmt |
| Program Services | $11,213 | ProgramServicesAmt |
| Management And General | $2,154 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,479 | TotalAmt |
| Program Services | $57,178 | ProgramServicesAmt |
| Management And General | $11,301 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,334 | TotalAmt |
| Program Services | $29,156 | ProgramServicesAmt |
| Management And General | $6,178 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,270 | TotalAmt |
| Program Services | $52,270 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,350 | TotalAmt |
| Program Services | $1,640 | ProgramServicesAmt |
| Management And General | $5,710 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,751 | TotalAmt |
| Management And General | $3,751 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,869 | TotalAmt |
| Management And General | $5,869 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,881 | TotalAmt |
| Program Services | $7,881 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,429 | TotalAmt |
| Program Services | $93,016 | ProgramServicesAmt |
| Management And General | $13,413 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,796 | TotalAmt |
| Program Services | $77,796 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| SECURITY EXPENSES | $666,133 | $666,133 |
| SOCIAL SVCS TO RESIDENT | $412,732 | $412,732 |
| REPAIRS AND MAINTENANCE | $74,852 | $74,852 |
| BAD DEBT | $13,026 | $13,026 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,764 | TotalAmt |
| Management And General | $2,764 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,019,815 | TotalAmt |
| Program Services | $1,889,038 | ProgramServicesAmt |
| Management And General | $130,777 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,261 | BOYAmt |
| EOY | $1,098,084 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $457,286 | BOYAmt |
| EOY | $1,044,311 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,465,681 | BOYAmt |
| EOY | $23,712,114 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,080 | BOYAmt |
| EOY | $135,427 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,225,290 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,260,243 | BOYAmt |
| EOY | $3,225,290 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,264,375 | BOYAmt |
| EOY | $86,500,635 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,381,926 | BOYAmt |
| EOY | $115,715,861 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,622,481 | BOYAmt |
| EOY | $1,585,047 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,600,707 | BOYAmt |
| EOY | $6,106,377 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,027,666 | BOYAmt |
| EOY | $8,066,929 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,098,482 | BOYAmt |
| EOY | $2,098,483 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,349,336 | BOYAmt |
| EOY | $17,856,836 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,032,590 | BOYAmt |
| EOY | $97,859,025 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,032,590 | BOYAmt |
| EOY | $97,859,025 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,381,926 | BOYAmt |
| EOY | $115,715,861 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,826,435 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $439,168 | CurrentTaxYearMinus2YearsAmt |
| Total | $439,168 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,968,239 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,343,425 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,345,365 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,435,338 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,110,374 | CurrentTaxYearAmt |
| Total | $36,202,741 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,968,239 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,343,425 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,784,533 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,435,338 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,110,374 | CurrentTaxYearAmt |
| Total | $36,641,909 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $36,641,909 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $769,634 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $824,106 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $563,390 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $333,098 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $408,657 | CurrentTaxYearAmt |
| Total | $2,898,885 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $769,634 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $824,106 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $563,390 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $333,098 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $408,657 | CurrentTaxYearAmt |
| Total | $2,898,885 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $287,363 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $579,020 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $332,459 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $182,739 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $301,722 | CurrentTaxYearAmt |
| Total | $1,683,303 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $13,025,236 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,746,551 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,680,382 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,951,175 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,820,753 | CurrentTaxYearAmt |
| Total | $41,224,097 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.88880 | PublicSupportCY509Pct |
| Public Support PY509 | 0.90000 | PublicSupportPY509Pct |
| Investment Income CY | 0.07030 | InvestmentIncomeCYPct |
| Investment Income PY | 0.06280 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | EFFICIENT ENERGY REBATES - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 406,466. 2021 AMOUNT: $ 170,100. 2022 AMOUNT: $ 30,398. 2023 AMOUNT: $ 165,202. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 97,883. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. HASA INCOME - 2019 AMOUNT: $ 189,480. 2020 AMOUNT: $ 172,554. 2021 AMOUNT: $ 162,359. 2022 AMOUNT: $ 152,341. 2023 AMOUNT: $ 136,520. | ExplanationTxt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,225,290 | OtherCostOrOtherBasisAmt |
| Book Value | $3,225,290 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,225,290 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONTRACTUAL RESERVES | $3,486,630 |
| DEVELOPMENT FEE RECEIVABLE | $27,596,501 |
| DUE FROM AFFILIATES | $55,417,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $86,500,635 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INV. IN HOUSING ENTITIES | $1,964,884 |
| SECURITY DEPOSITS | $133,599 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,098,483 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | BREAKING GROUND II HDFC IS INCLUDED WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS AFFILIATE, BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION. THE BELOW FIN-48 FOOTNOTE IS REPRODUCED FROM THE CONSOLIDATED FINANCIAL STATEMENTS. BREAKING GROUND FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. BREAKING GROUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. BREAKING GROUND HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. BREAKING GROUND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, BREAKING GROUND HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRENDA E ROSEN | ||||||||||||||
| PRESIDENT & CEO | $0 | $529,604 | $0 | $100,000 | $0 | $0 | $0 | $13,200 | $0 | $627 | $0 | $643,431 | $0 | $0 |
| KEVIN MORAN | ||||||||||||||
| CFO | $0 | $353,041 | $0 | $0 | $0 | $0 | $0 | $13,200 | $0 | $34,021 | $0 | $400,262 | $0 | $0 |
| DAVID BEER | ||||||||||||||
| VICE PRESIDENT | $0 | $316,867 | $0 | $20,000 | $0 | $0 | $0 | $13,200 | $0 | $34,021 | $0 | $384,088 | $0 | $0 |
| JUDITH ROSENFELD | ||||||||||||||
| SECRETARY | $0 | $136,281 | $0 | $0 | $0 | $0 | $0 | $5,591 | $0 | $11,682 | $0 | $153,554 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | BREAKING GROUND II HDFC, INC. ("BG II") WAS ORGANIZED ON JANUARY 26, 1995, UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. BG II IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND DESCRIPTION OF ORGANIZATION MISSION: EXCISE TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. BG II WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, MANAGING, MAINTAINING AND OPERATING LOW-INCOME HOUSING PROJECTS AND TO PROVIDE RELATED SOCIAL SERVICE PROGRAMS TO THE TENANTS RESIDING IN THE BUILDINGS OWNED BY RELATED ENTITIES. IN ADDITION, BG II MAY ALSO ACQUIRE PROPERTIES FOR FUTURE DEVELOPMENT AS SUPPORTIVE AND LOW-INCOME HOUSING UNITS. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | BREAKING GROUND II HDFC'S ("BG II") PRIMARY EXEMPT PURPOSE IS TO OWN, REHABILITATE, MANAGE, MAINTAIN, AND OPERATE HOUSING AND SUPPORTIVE SERVICES FOR LOW INCOME AND FORMERLY HOMELESS TENANTS. BG II'S PRIMARY RESIDENCE IS THE PRINCE GEORGE IN MANHATTAN. BUILT IN 1904, THE PRINCE GEORGE WAS ONCE ONE OF NEW YORK CITY'S PREMIER HOTELS. AFTER MANY YEARS OF DECLINE AND NEGLECT, IT WAS REHABILITATED BY BREAKING GROUND AND REOPENED IN 1999 TO PROVIDE 416 UNITS OF AFFORDABLE HOUSING FOR LOW-INCOME AND FORMERLY HOMELESS ADULTS AND PERSONS LIVING WITH HIV/AIDS. THE PRINCE GEORGE IS NOW LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. IN SEPTEMBER 2023, BREAKING GROUND COMMENCED CONSTRUCTION ON SUTPHIN SENIOR RESIDENCE, A 15-STORY AFFORDABLE HOUSING PROPERTY AT 97-04 SUTPHIN BOULEVARD IN JAMAICA, QUEENS. THE BUILDING WILL YIELD 173 APARTMENTS RESERVED FOR LOW-INCOME SENIORS, INCLUDING 52 SUPPORTIVE HOUSING UNITS FOR FORMERLY HOMELESS OLDER ADULTS WITH SERIOUS MENTAL ILLNESS OR SUBSTANCE USE DISORDER. THE REMAINING 121 UNITS WILL BE RESERVED FOR ADULTS AGED 62 YEARS OR OLDER, EARNING 50 PERCENT OR LESS THAN THE AREA MEDIAN INCOME. BREAKING GROUND RECOGNIZED $6.2M IN DEVELOPER FEES FOR THIS NEW CONSTRUCTION PROJECT. |
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. THE FORM HAS BEEN REVIEWED FOR COMPLETENESS AND ACCURACY REGARDING MISSION, PROGRAM ACTIVITIES, FINANCIALS AND GOVERNANCE BY MEMBERS OF THE CORPORATION'S MANAGEMENT. IT HAS ALSO BEEN DISCUSSED AND REVIEWED WITH THE BGI AUDIT CHAIR. THE FINAL VERSIONS WERE MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. DISCUSSION OF FORM 990 REQUIREMENTS, CONTENTS AND BOARD RESPONSIBILITIES OCCUR AT AN ANNUAL BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE POLICY AND ANNUAL DISCLOSURE FORMS ARE DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS AND MANAGEMENT STAFF. EACH INDIVIDUAL IS REQUIRED TO SIGN AND REVIEW THE DISCLOSURE FORM AND PROVIDE INFORMATION ABOUT ANY RELATIONSHIPS THEY MAY HAVE WITH BREAKING GROUND II HDFC'S OTHER EMPLOYEES, AND/OR VENDORS THAT CONDUCT BUSINESS WITH BREAKING GROUND II HDFC. BREAKING II HDFC OPERATES UNDER THE POLICY OF ITS AFFILIATE ORGANIZATION, BREAKING GROUND COMMUNITY HDFC, INC. ALL SUBMISSIONS ARE REVIEWED BY HUMAN RESOURCES TO DETERMINE IF A CONFLICT EXISTS; WHEN A CONFLICT ARISES, THE INDIVIDUALS AFFECTED ARE PROHIBITED FROM PARTICIPATING IN THE DECISION-MAKING PROCESS RELATED TO ANY TRANSACTION OCCURRING WITH THE CONFLICTED ORGANIZATION. FORM 990, PART VI, SECTION B, LINES 13 & 14: BREAKING GROUND II HDFC OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS AFFILIATE ORGANIZATION, BREAKING GROUND COMMUNITY HDFC, INC. |
| FORM 990, PART VI, SECTION C, LINE 19 | BREAKING GROUND II HDFC MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |
| PART VIII, LINE 7: | IN CALENDAR YEAR 2023, BREAKING GROUND WROTE-OFF AN INVESTMENT IN ONE OF ITS LOW-INCOMES HOUSING PROJECTS, RESULTING IN A TAX LOSS OF $3,974,503 THAT IS REPORTED ON FORM 990, PART VIII, LINE 7. THIS WRITE-OFF IMPACTED TWO BREAKING GROUND ENTITIES: BREAKING GROUND HOUSING DEVELOPMENT FUND II AND COMMON GROUND MANAGEMENT CORP. |
| FORM 990, PART IX: | BREAKING GROUND II HDFC DOES NOT HAVE ITS OWN EMPLOYEES OR ITS OWN PAYROLL. ALL EMPLOYEES PROVIDING SERVICES TO BREAKING GROUND II HDFC RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION, COMMON GROUND MANAGEMENT CORPORATION. EXPENDITURES REPORTED ON PART IX, LINES 7, 8, 9 AND 10 REPRESENT THE PORTION OF SALARY AND BENEFITS EXPENDITURES ALLOCATED TO BREAKING GROUND II HDFC BASED ON SERVICES RENDERED TO THE ORGANIZATION. |
| FORM 990, PART XII: | BREAKING GROUND II HDFC IS INCLUDED WITHIN THE AUDITED FINANCIAL STATEMENTS OF ITS AFFILIATED ENTITY, BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION. BREAKING GROUND II HDFC DID NOT RECEIVE ANY FEDERAL AWARDS, NEVERTHELESS, ITS AFFILIATED ENTITY DID AND THUS THE OPERATIONS OF BREAKING GROUND II HDFC WERE INCLUDED WITHIN THE OMB CIRCULAR A-133 AUDIT RECEIVED BY BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (28 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BROOK AVENUE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 412217113 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG II HDFC | Yes (1) | |
| WEBSTER AVE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 464427531 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG II HDFC | Yes (1) | |
| ONE RIVERSIDE PARK HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 474986806 | HOUSING | NY | 501(C)(4) | BG II HDFC | Yes (1) | ||
| BREAKING GROUND III HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 134138205 | HOUSING | NY | 501(C)(3) | LINE 10 | 0 | N/A | |
| BREAKING GROUND IV HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 134196931 | HOUSING | NY | 501(C)(3) | LINE 10 | 0 | N/A | |
| COMMON GROUND JOBS TRAINING CORPORATION | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 133705243 | HOUSING | NY | 501(C)(3) | PF | 0 | N/A | |
| COMMON GROUND MANAGEMENT CORP | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 133871134 | HOUSING | NY | 501(C)(3) | LINE 10 | 0 | N/A | |
| ST MARKS BROWNSVILLE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 141971582 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG HDFC | 0 | |
| BOSTON ROAD II HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 462751878 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG II HDFC | Yes (1) | |
| SCHERMERHORN HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 161699777 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG HDFC | 0 | |
| CG PITT STREET HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 161777395 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG II HDFC | Yes (1) | |
| HEGEMAN HOUSING HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 450574352 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG II HDFC | Yes (1) | |
| 1630 DEWEY AVENUE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 272373158 | HOUSING | NY | 501(C)(3) | LINE 12A, I | BG II HDFC | 0 | |
| BREAKING GROUND HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 113048002 | HOUSING | NY | 501(C)(3) | LINE 7 | 0 | N/A | |
| 10 FREEDOM HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 475005707 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| LA CENTRAL SUPPORTIVE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 611792872 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| 1766-68 SECOND AVE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 474976439 | HOUSING | NY | 501(C)(4) | BG II HDFC | Yes (1) | ||
| WEBSTER AVENUE SUPPORTIVE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 472428776 | HOUSING | NY | 501(C)(4) | BG II HDFC | Yes (1) | ||
| 90 SANDS HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 831511962 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| EDWINS PLACE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 824798782 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| BG BETANCES HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 831862926 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| NONPROFIT TRANSACTION ASSISTANCE CORPORATION | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 871457561 | HOUSING | NY | 501(C)(3) | LINE 10 | 0 | N/A | |
| BG SUTPHIN HOUSING DEVELOPMENT FUND CORPORATION | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 863307336 | HOUSING | NY | 501(C)(4) | BG II HDFC | Yes (1) | ||
| KINGSBORO SHELTER NORTH HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 933858952 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| KINGSBORO SHELTER SOUTH HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 933811973 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| KINGSBORO SHOP 1 HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 934449494 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
| BG SACK WERN HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 932505106 | HOUSING | NY | 501(C)(4) | BG II HDFC | Yes (1) | ||
| 1760 THIRD AVENUE HDFC | |||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 923353579 | HOUSING | NY | 501(C)(3) | LINE 10 | BG II HDFC | Yes (1) | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PRINCE GEORGE ASSOCIATES LP | |||||||||||
| 505 EIGHTH AVE | NEW YORK | NY | 10018 | 133967825 | REAL ESTATE | NY | BG II | EXCLUDED FROM TAX | 0 | Yes (1) | 1.00000 |
| CHELSEA RESIDENCE LP | |||||||||||
| 505 EIGHTH AVE | NEW YORK | NY | 10018 | 371456100 | REAL ESTATE | NY | BG III | NONE | 0 | 0 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (22 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHELSEA GP CORPORATION | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 371456098 | REAL ESTATE | NY | BG III HDFC | C | 0 | |||
| PRINCE GEORGE GP CORPORATION | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 133967821 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | $50,000 | $4,852,885 | 1.00000 |
| CG HEGEMAN AVE HOUSING CORP | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 800487252 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | $49,814 | $170,958 | 1.00000 |
| CG BROOK AVE HOUSING CORPORATION | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 743234267 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | $49,860 | $698,252 | 1.00000 |
| PITT STREET HOUSING CORP | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 421715796 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | -$185 | $3,947,835 | 1.00000 |
| ST MARKS SENIOR HOUSING CORPORATION | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 262589201 | REAL ESTATE | NY | BG HDFC | C | 0 | |||
| 1630 DEWEY AVENUE MANAGING MEMBER | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 273275092 | REAL ESTATE | NY | BG II HDFC | C | 0 | 1.00000 | ||
| SCHERMERHORN HOUSING CORP | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 710990121 | REAL ESTATE | NY | BG HDFC | C | 0 | |||
| CG-BOSTON ROAD HOUSING CORP | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 371731663 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | -$123 | -$869 | 1.00000 |
| CG-WEBSTER AVENUE SUPPORTIVE HOUSING | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 471671532 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | -$109 | -$928 | 0.50000 |
| 410 COMMON GROUND ASYLUM HTC LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 261676496 | REAL ESTATE | NY | CGM | C | 0 | |||
| COMMON GROUND CEDARWOODS MANAGEMENT LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 273499938 | REAL ESTATE | NY | CGM | C | 0 | |||
| WEBSTER AVE AFF MANAGING MEMBER LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 371763393 | REAL ESTATE | NY | BG II HFC | C | Yes (1) | -$55 | -$464 | 0.50000 |
| COMMON GROUND 410 ASYLUM LIHTC LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 261676174 | REAL ESTATE | NY | CGM | C | 0 | |||
| LA CENTRAL SUPPORTING HOUSING LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 320495685 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | $39,870 | $11,456 | 1.00000 |
| BREAKING GROUND V | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 823052950 | REAL ESTATE | NY | CGM | C | 0 | |||
| WEBSTER AVENUE AFFORDABLE DEVELOPER LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 472303833 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | -$116 | -$766 | 1.00000 |
| LA CENTRAL SUPPORTIVE DEVELOPER LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 821739395 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | $21,240 | 1.00000 | |
| EDWINS PLACE DEVELOPER LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 825371781 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | $910,227 | 1.00000 | |
| EDWINS PLACE HOUSING LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 352621527 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | -$201 | $636,920 | 1.00000 |
| BG BETANCES HOUSING LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 831912829 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | -$331 | -$866 | 1.00000 |
| BG SUTPHIN LLC | ||||||||||||
| 505 8TH AVENUE 5TH FLOOR | NEW YORK | NY | 10018 | 611885188 | REAL ESTATE | NY | BG II HDFC | C | Yes (1) | 1.00000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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