2018-11-14T15:50:28-06:00 2017-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-01-01 133871134 Common Ground Management Corp % KEVIN MORAN COMM 2123899300 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 KEVIN MORAN cfo 2123899300 2018-11-14 true Scott Thompsett P00741490 2125990100 209.220.136.124 26377520183185000042 2018-11-14 P 0AE51D185F2B8DBE64241C7507ECC047D5915589 7D14034AF515942D2ABE7F7E27EA16D2649DB046 2017 2019-02-21 02:37:17Z Breaking Ground Management BRENDA ROSEN 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 21171718 false X www.breakingground.org X 1995 NY To manage affordable housing projects developed by Breaking Ground and its affiliated entities and to act as the central disbursement unit for Breaking Ground. 5 2 767 0 0 0 4749385 15507218 4962938 5284842 0 0 432502 379658 10144825 21171718 0 0 0 0 9733789 18252729 0 0 0 6362490 10915230 16096279 29167959 -5951454 -7996241 18459420 22755766 75047066 87339653 -56587646 -64583887 X COMMON GROUND MANAGEMENT CORP. ("CGM") WAS ORGANIZED ON JANUARY 26, 1995, UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. CGM IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND EXCISE TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. CGM WAS FORMED FOR THE CHARITABLE PURPOSE OF MANAGING LOW-INCOME HOUSING PROJECTS. IT IS ALSO THE CENTRAL DISBURSEMENT AGENT FOR ALL BREAKING GROUND ENTITIES. false false 22965193 0 5284842 COMMON GROUND MANaGEMENT CORPORATION "CGM" WAS ORGANIZED TO SUPPORT THE CHARITABLE MISSION OF breaking ground Housing development fund corporation AND ITS RELATED TAX-EXEMPT AFFILIATED ORGANIZATIONS AND MANAGE breaking ground Housing development fund corporation's AFFORDABLE HOUSING PROJECTS. CGM PROVIDES ALL FINANCIAL, ADMINISTRATIVE AND HUMAN RESOURCE SERVICES FOR breaking ground Housing development fund corporation. 22965193 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false true false false false false true true false false false true 31 0 true 767 true false false false false false false false false false false X 5 2 true false true false false false false true true false false true true true true true true true true false NY X X KEVIN MORAN 2123899300 505 EIGHTH AVENUE NEW YORK NY 10018 Robert Sideli Chairman 0.29 0.56 X X 0 0 0 Brenda E Rosen President & CEO 30.0 5.0 X X 347409 0 13837 David Beer Vice Presi. (as of 12/7/2017) 30.0 5.0 X X 215926 0 16129 Toby Sherman Secretary (as of 12/7/2017) 34.0 1.0 X X 196654 0 9172 Anthony Hannigan Secretary (thru 12/7/2017) 0.1 0.4 X X 0 0 0 BENJAMIN STACKS TREASURER 0.29 0.56 X X 0 0 0 Kevin Moran CFO 30.0 5.0 X 263602 0 12324 Claire Sheedy VP HOPS 34.5 0.5 X 229709 0 13162 JILL MURPHY CONTROLLER 33.0 2.0 X 160112 0 11047 michael rosen managing dir. for asset mgmt. 35.0 0.0 X 185158 0 260 1598570 0 75931 28 false true false ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 security 1086102 center for urban community services 198 east 121st street NEW YORK NY 10034 medical svcs 807046 project renewal inc 200 varrick street 9th fl NEW YORK NY 10014 medical svcs 297629 grant thornton llp 757 third avenue 3rd fl NEW YORK NY 10017 audit 229897 6 15507218 15507218 MANAGEMENT AND PARTNERSHIP FEES 900099 2257187 2257187 LOW-INCOME HOUSING CONSULTING/MGMT SVCS 900099 1802370 1802370 REIMBURSED OVERHEAD ON GOV'T CONTRACTS 900099 928781 928781 ANCILLARY TENANT SERVICES 900099 296504 296504 5284842 0 0 0 181506 181506 0 181506 181506 0 0 0 0 0 0 0 0 0 0 REIMBURSED 3RD PARTY EXPENSES 900099 111683 111683 CREDIT CHECK FEES 900099 53375 53375 MISCELLANEOUS REVENUE 900099 33094 33094 198152 21171718 5284842 379658 0 0 0 0 1075053 783824 291229 0 12954556 10936714 2017842 247915 145281 102634 2726206 1876653 849553 1248999 944835 304164 0 222912 50603 172309 188594 10430 178164 0 0 0 895135 793170 101965 43252 11582 31670 890747 592231 298516 861520 562529 298991 0 2466640 1539696 926944 26458 15023 11435 0 123707 63975 59732 179100 179100 140653 140653 80918 80918 361177 328451 32726 SOCIAL SERVICES TO RESIDENTS 2163369 2163369 SECURITY EXPENSE 1398433 1398433 REPAIRS & MAINTENANCE 403061 334919 68142 MISCELLANEOUS EXPENSES 469554 272822 196732 29167959 22965193 6202766 0 941409 407331 0 0 0 0 3997597 7424562 0 0 0 0 913292 913292 0 0 437262 667319 1572331 1291728 270856 280603 0 0 0 0 0 0 0 0 11899004 13062659 18459420 22755766 5148347 4531116 0 0 442506 5726652 0 0 0 0 0 0 0 0 0 0 69456213 77081885 75047066 87339653 X -56587646 -64583887 0 0 0 0 -56587646 -64583887 18459420 22755766 -7996241 X false true X true true true X 2587914 2636976 2664388 4749385 15507218 28145881 13011442 2495177 2594659 5025222 5338217 28464717 0 0 0 15599356 5132153 5259047 9774607 20845435 56610598 0 0 0 56610598 80915 131063 207742 180676 181506 781902 0 80915 131063 207742 180676 181506 781902 0 245180 517165 230636 189542 144777 1327300 15925451 5780381 5697425 10144825 21171718 58719800 0.96408 0.93689 0.01332 0.01142 X 464350 286393 177957 769242 734347 34895 338739 270988 67751 280603 DUE FROM AFFILIATES 12818475 DEFERRED RENT 31225 OTHER ASSETS 212959 13062659 0 DUE TO AFFILIATES 76862598 SECURITY DEPOSITS 25721 OTHER LIABILITIES 193566 77081885 X FORM 990, SCHEDULE D, PART X, LINE 2 Common Ground Management Corp. is included within the consolidated financial statements of its parent, 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 CODE. 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 HAS 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. X X X false false false false false false false true false Brenda E Rosen President & CEO 322409 0 25000 0 0 0 13250 0 587 0 361246 0 0 0 Claire Sheedy VP HOPS 229709 0 0 0 0 0 10289 0 2873 0 242871 0 0 0 David Beer Vice Presi. (as of 12/7/2017) 215926 0 0 0 0 0 11013 0 5116 0 232055 0 0 0 Toby Sherman Secretary (as of 12/7/2017) 196654 0 0 0 0 0 7380 0 1792 0 205826 0 0 0 Kevin Moran CFO 263602 0 0 0 0 0 7257 0 5067 0 275926 0 0 0 JILL MURPHY CONTROLLER 152112 0 8000 0 0 0 4896 0 6151 0 171159 0 0 0 michael rosen managing dir. for asset mgmt. 185158 0 0 0 0 0 0 0 260 0 185418 0 0 0 Schedule J, Line 7 COMMON GROUND MANAGEMENT issued a non-fixed discretionary bonus in 2017 to President & CEO, Brenda Rosen and to controller, Jill Murphy (these amounts are disclosed on Schedule J, Part II, column (b)(ii)). Ms. Rosen and Ms. Murphy were awarded these bonuses based on meeting certain objective performance-based criteria established by the Board. The Board approved the bonus (without any input from Ms. Rosen herself) and documented the decision in committee meeting minutes. DAVID PICKET BOARD MEMBER 657000 SEE PART V false DAVID NEIL BOARD MEMBER 303800 SEE PART V false FORM 990, SCHEDULE L, PART IV BREAKING GROUND PROVIDES CONSULTING SERVICES TO A FOR-PROFIT ORGANIZATION OWNED, IN PART, BY BOARD OF DIRECTORS MEMBER, DAVID PICKET. COMMON GROUND MANAGEMENT CORP, A RELATED PARTY, RECEIVED FROM THIS ORGANIZATION $657,000 IN CALENDAR YEAR 2017; THIS TRANSACTION IS DISCLOSED IN BREAKING GROUND'S AUDITED FINANCIAL STATEMENTS. BREAKING GROUND PROVIDES CONSULTING SERVICES TO A FOR-PROFIT ORGANIZATION OWNED, IN PART, BY A FAMILY MEMBER OF BOARD OF DIRECTORS MEMBER, DAVID NEIL. COMMON GROUND MANAGEMENT CORP, A RELATED PARTY, RECEIVED FROM THIS ORGANIZATION $303,800 IN CALENDAR YEAR 2017; THIS TRANSACTION IS DISCLOSED IN BREAKING GROUND'S AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 2 President & Ceo, Brenda Rosen, and Managing Director of Asset Management, Michael Rosen, have a family relationship. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO ORGANIZATION'S BYLAWS Common Ground Management amended its bylaws in calendar year 2017 to clarify certain aspects of its Board governance and operation and to codify certain Board roles and responsibilities that had always been informally observed. These changes to the bylaws were as follows: - To authorize only the Board of Directors of Breaking Ground Housing Development Fund Corporation to nominate, approve, remove or replace (with or without cause) the Common Ground Management Board of Directors; - To clarify roles and responsibilities of the organizations officers; - To bring the organizations conflict of interest policy in conformity with the New York Non-Profit Revitalization Act by Board resolution; - To authorize only the Board of Directors of Breaking Ground Housing Development Fund Corporation to approve the mortgage, purchase or sale of any real property on behalf of Common Ground Management; - To require indemnification of officers and directors (to the fullest extent permitted by law). FORM 990, PART VI, SECTION B, LINE 11 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, 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 Common Ground Management Corp.'s other employees, and/or vendors that conduct business with Common Ground Management Corp. 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. Common Ground Management Corp. operates under the policy of its parent organization, Breaking Ground Housing Development Fund Corporation. Form 990, Part VI, Section B, lines 13 & 14 Common Ground Management Corp. operates under the whistleblower and document retention policy of its parent organization, Breaking Ground Housing Development Fund Corporation. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION REVIEWS THE COMPENSATION OF THE CEO. ALL JOBS, except those reviewed by the board, WITHIN BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION ARE CLASSIFIED, BASED ON THE COMPLEXITY AND SKILL LEVEL REQUIRED FOR THE POSITION. ALL such SALARIES ARE REVIEWED ON AN ANNUAL BASIS WHICH CORRESPONDS TO THE PERFORMANCE REVIEW CYCLE. BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION believes that its compensation is competitive with other not-for-profit organizations of a similiar scale and complexity. Breaking Ground is in the process of commissioning a new executive compensation study in 2018 from an independent compensation consultant. FORM 990, PART VI, SECTION C, LINE 19 Common Ground Management Corp. 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. 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