2017-11-15T10:51:44-06:00 2016-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2016-01-01 133871134 Common Ground Management Corp % KEVIN MORAN COMM 2123899300 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 KEVIN MORAN CFO 2123899300 2017-11-15 true Scott Thompsett P00741490 2125990100 2017-11-15 38.84.128.189 26377520173195000007 2017-11-15 P 32778C9288487CCB557400271BF2B2D8D9E2E3C7 BB689B47C4810116FFAF734305B3B6F212C66569 2016 2021-01-29 14:40:06Z BREAKING GROUND MANAGEMENT BRENDA ROSEN 505 EIGHTH AVENUE 5TH FLOOR NEW YORK NY 10018 10144825 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 3 714 0 0 2664388 4749385 2594659 4962938 27480 0 287376 432502 5573903 10144825 0 0 0 0 8953468 9733789 0 0 0 2281139 6362490 11234607 16096279 -5660704 -5951454 15017143 18459420 65653335 75047066 -50636192 -56587646 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 6445408 0 5025222 COMMON GROUND MANGEMENT 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. 6445408 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 false false false false false true true false false false true 23 0 true 714 true false false false false false false false false false false X 5 3 false false false 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 12.0 23.0 X X 294622 0 20776 Toby Sherman Dir. of HR/Board Member 34.0 1.0 X X 190968 0 12331 Christopher Frissora Treasurer (THRU 3/2016) 0.34 0.66 X X 0 0 0 Anthony Hannigan Secretary 0.1 0.4 X X 0 0 0 BENJAMIN STACKS TREASURER (AS OF 3/2016) 0.29 0.56 X X 0 0 0 Kevin Moran CFO 12.0 23.0 X 251915 0 12820 Claire Sheedy VP HOPS 34.5 0.5 X 203523 0 14295 David Beer Vice President 33.5 1.5 X 208453 0 15674 Jeff Scheuer VP External Affairs 34.5 0.5 X 162356 0 1735 JILL MURPHY CONTROLLER 35.0 2.0 X 146017 0 10683 AMIE POSPISIL DEPUTY VP HOUSING 34.5 5.0 X 149644 0 11465 1607498 0 99779 25 false true false Grant Thornton LLP 757 Third Avenue NEW YORK NY 10017 Accounting Services 191830 1 4749385 0 4749385 MANAGEMENT AND PARTNERSHIP FEES 900099 2120729 2120729 CONSULTING FEE INCOME 900099 1147135 1147135 REIMBURSED OVERHEAD ON GOV'T CONTRACTS 900099 1695074 1695074 4962938 0 0 0 180676 0 180676 0 180676 180676 0 0 0 0 0 0 0 0 0 0 REIMBURSED 3RD PARTY EXPENSES 900099 175423 175423 ANCILLARY TENANT SERVICES 900099 62284 62284 MISCELLANEOUS REVENUE 900099 14119 14119 251826 10144825 5025222 370218 0 0 0 0 783433 210225 573208 0 6771539 2358434 4413105 175200 10559 164641 1317364 396242 921122 686253 210564 475689 135038 135038 342524 89599 252925 173599 17500 156099 0 0 0 0 47222 47222 413121 95868 317253 369290 27230 342060 0 2006498 795615 1210883 37442 37442 0 206472 206472 145745 145745 0 129946 129946 132427 105067 27360 SOCIAL SERVICES TO RESIDENTS 1203107 1106864 96243 SECURITY EXPENSE 761621 761621 REPAIRS & MAINTENANCE 186623 109271 77352 FILING FEES 37128 15711 21417 34687 34687 16096279 6445408 9650871 0 245845 941409 0 0 0 0 1380556 3997597 0 0 0 0 913292 913292 0 0 337569 437262 1481665 1210809 400802 270856 0 0 0 0 0 0 0 0 11739079 11899004 15017143 18459420 2539248 5148347 0 0 385910 442506 0 0 0 0 0 0 0 0 0 0 62728177 69456213 65653335 75047066 X -50636192 -56587646 0 0 0 0 -50636192 -56587646 15017143 18459420 -5951454 X false true X true true true X 2741601 2587914 2636976 2664388 4749385 15380264 11805744 13011442 2495177 2594659 5025222 34932244 0 0 0 14547345 15599356 5132153 5259047 9774607 50312508 0 0 0 50312508 13115 80915 131063 207742 180676 613511 0 13115 80915 131063 207742 180676 613511 0 1593050 245180 517165 230636 189542 2775573 16153510 15925451 5780381 5697425 10144825 53701592 0.93689 0.93095 0.01142 0.00887 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 464350 245373 218977 731452 713956 17496 285863 251480 34383 270856 DUE FROM AFFILIATES 11693100 DEFFERED RENT 30747 OTHER ASSETS 175157 11899004 0 DUE TO AFFILIATES 69296268 CAPITAL LEASE PAYABLE 5106 SECURITY DEPOSITS 20721 OTHER LIABILITIES 134118 69456213 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. THE TAX YEARS ENDED DECEMBER 31, 2013, 2014, 2015 AND 2016 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. HOWEVER, MANAGEMENT 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 false false Brenda E Rosen President & CEO 294622 0 0 0 0 0 13250 0 7526 0 315398 0 0 0 Claire Sheedy VP HOPS 203523 0 0 0 0 0 8933 0 5362 0 217818 0 0 0 David Beer Vice President 208453 0 0 0 0 0 10634 0 5040 0 224127 0 0 0 Jeff Scheuer VP External Affairs 162356 0 0 0 0 0 0 0 1735 0 164091 0 0 0 Toby Sherman Dir. of HR/Board Member 190968 0 0 0 0 0 8025 0 4306 0 203299 0 0 0 Kevin Moran CFO 251915 0 0 0 0 0 7844 0 4976 0 264735 0 0 0 JILL MURPHY CONTROLLER 146017 0 0 0 0 0 4650 0 6033 0 156700 0 0 0 AMIE POSPISIL DEPUTY VP HOUSING 149644 0 0 0 0 0 7667 0 3798 0 161109 0 0 0 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 CORPORATIONS MANAGEMENT. IT HAS ALSO BEEN DISCUSSED AND REVIEWED WITH THE 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. breaking ground housing development fund corporation commissions a compensation study by an outside, independent compensation consultant every three years to assure the competitiveness of the compensation structure and to make recommendations to the board. THE LAST STUDY WAS COMPLETED IN APRIL 22, 2016. 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. 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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