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Breaking Ground Ii Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133846708 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Breaking Ground Ii Housing Development Fund Corporation?

Breaking Ground II Housing Development Fund Corporation is a not-for-profit charitable organization, established in 1995, primarily located in Manhattan, New York. Its primary focus is on owning, rehabilitating, managing, maintaining, and operating low-income housing projects. The corporation also extends its services to provide support for low-income and formerly homeless tenants. By doing so, Breaking Ground II aims to contribute to the community, offering a secure living environment and essential assistance for its residents. The organization's primary residence is The Prince George in Manhattan.


Official website here: www.breakingground.org

Is Breaking Ground Ii Housing Development Fund Corporation legitimate?

Breaking Ground Ii Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breaking Ground Ii Housing Development Fund Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,183

For more financial information, click here


Official website here: www.breakingground.org

What is the mission statement of Breaking Ground Ii Housing Development Fund Corporation?

Breaking Ground II Housing Development Fund Corporation is committed to owning, rehabilitating, managing, maintaining, and operating low-income housing projects. They provide supportive services to tenants who are low-income or formerly homeless. This not-for-profit organization, established under Section 402 of the Not-For-Profit Corporation Law of New York, aims to enhance the living conditions of its residents and contribute to their well-being. The corporation's mission extends beyond the physical upkeep of the properties, as it also focuses on providing necessary support services to its tenant base.


Official website here: www.breakingground.org

Who is the CEO of Breaking Ground Ii Housing Development Fund Corporation?

Brenda Rosen is the Principal Officer of Breaking Ground Ii Housing Development Fund Corporation. The CEO's salary of Breaking Ground Ii Housing Development Fund Corporation is $0 and their total compensation is $600,372.


Official website here: www.breakingground.org

What is the revenue of Breaking Ground Ii Housing Development Fund Corporation?

Breaking Ground Ii Housing Development Fund Corporation's revenue in 2022 was $1,951,175.


Official website here: www.breakingground.org

Who are the executives of Breaking Ground Ii Housing Development Fund Corporation and what are their salaries?

Here are 6 key members and their salaries (Breaking Ground Ii Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $600,372):

    Brenda E Rosen (President & Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $587,598
  • Other: $12,774

    • Kevin Moran (Cfo)
  • Compensation: $0
  • Related: $338,301
  • Other: $43,787

    • David Beer (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $306,168
  • Other: $43,943

    • Toby Sherman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $256,279
  • Other: $19,123

    • Benjamin Stacks (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas Tsang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.breakingground.org

    Where can I find the form 990 for Breaking Ground Ii Housing Development Fund Corporation?

    The Breaking Ground Ii Housing Development Fund Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.breakingground.org

    Learn more at the official website: www.breakingground.org

    Mission Statement of Breaking Ground Ii Housing Development Fund Corporation

    Breaking Ground II Housing Development Fund Corporation, established in 1995, is a not-for-profit organization with a mission to own, rehabilitate, manage, maintain, and operate low-income housing projects. This charitable entity goes beyond mere property management; it also provides supportive services for its tenants, who are primarily low-income individuals and the formerly homeless. By taking on this role, Breaking Ground II Housing Development Fund Corporation aims to contribute positively to the lives of those in need, offering them a secure and stable living environment. The corporation's primary residence is The Prince George, located in Manhattan.

    Impact

    This information is meant to be a general summary of Breaking Ground Ii Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Breaking Ground II Housing Development Fund Corporation has a significant impact on the community by owning, rehabilitating, and managing low-income housing projects. They provide essential housing options for individuals in need, particularly low-income and formerly homeless tenants. In addition to offering housing solutions, the corporation also provides supportive services to help improve the quality of life for their tenants. Their work contributes to addressing homelessness and promoting stable housing environments in New York City.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $148,053
  • Program Service Revenue: $1,435,338
  • Gross Receipts: $1,951,175

    • Assets and Liabilities:
  • Total Assets: $113,381,926
  • Total Liabilities: $18,349,336
  • Net Assets: $95,032,590
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT HOUSING (GOV'T

    Revenue

    $1,435,338

    Organization Details

    Founding Year

    1995

    Principal Officer

    Brenda Rosen

    Main Address

    505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Breaking Ground Ii Housing Development Fund Corporation 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.