Breaking Ground Housing Development Fund Corporation is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breaking Ground Housing Development Fund Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Breaking Ground Housing Development Fund Corporation generated $26.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $15.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE OFFER AFFORDABLE HOUSING AND SUPPORT PROGRAMS FOR HOMELESS AND VULNERABLE NEW YORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TIMES SQUARE IS BREAKING GROUND'S FLAGSHIP SUPPORTIVE HOUSING RESIDENCE. BREAKING GROUND TRANSFORMED THIS BUILDING INTO THE LARGEST PERMANENT SUPPORTIVE HOUSING RESIDENCE IN THE NATION AND CONTRIBUTED TO THE REVITALIZATION OF THE TIMES SQUARE NEIGHBORHOOD AS A WHOLE WHILE DEMONSTRATING A NEW APPROACH TO ENDING LONG-TERM URBAN HOMELESSNESS. THE TIMES SQUARE COMBINES PERMANENT AFFORDABLE HOUSING FOR LOW-INCOME AND FORMERLY HOMELESS ADULTS, PERSONS WITH SERIOUS MENTAL ILLNESS AND PERSONS LIVING WITH HIV/AIDS. A RANGE OF ON-SITE SOCIAL SERVICES ARE PROVIDED BY BREAKING GROUND'S SOCIAL SERVICE PARTNER, THE CENTER FOR URBAN COMMUNITY SERVICES.
SCATTER SITE LIVING PROVIDES CLIENTS WITH SPECIAL NEEDS AN OPPORTUNITY TO LIVE IN THE COMMUNITY IN AN APARTMENT SETTING WHILE STILL RECEIVING SUPPORTIVE SERVICES. THESE PROGRAMS ASSIST INDIVIDUALS WITH THEIR REINTEGRATION INTO THE COMMUNITY AND MOVE TOWARD GREATER STABILITY AND INDEPENDENCE. CLIENTS WORK WITH CASE MANAGERS TO DEVELOP MUTUALLY AGREEABLE GOALS AND SERVICE PLANS AIMED AT IMPROVING THEIR INDIVIDUAL LIVES. SOME OF THE SERVICES PROVIDED INCLUDE: *DAILY LIVING SKILLS AND MONEY MANAGEMENT *POSITIVE SOCIAL NETWORKING AND FAMILY INTEGRATION *MEDICATION MANAGEMENT *VOCATIONAL AND EDUCATIONAL SERVICES *HEALTH AND MEDICAL SERVICES*CRISIS INTERVENTION *CLIENT SELF-ADVOCACY STREET TO HOME OUTREACH
PARK HOUSE AND WEBSTER AVENUE PARK HOUSE IS BREAKING GROUND'S FIRST AFFORDABLE FAMILY PROJECT. IT SHARES A LARGE SITE WITH A COMPANION BUILDING, WEBSTER AVENUE SUPPORTIVE RESIDENCE, RECLAIMING A BROWNFIELD SITE. THE 243,760 SF, 12-STORY PROJECT CONTAINS 248 STUDIO, ONE-, TWO-, AND THREE-BEDROOM UNITS THAT ARE HOME TO LOW-INCOME WORKING ADULTS AND FAMILIES.WEBSTER AVENUE SUPPORTIVE RESIDENCE PROVIDES 170 MICROSTUDIO APARTMENTS FOR FORMERLY HOMELESS SINGLE ADULTS - MANY LIVING WITH HIV/AIDS OR SPECIAL NEEDS - AND LOW-INCOME WORKING ADULTS FROM THE BRONX COMMUNITY. TOGETHER, PARK HOUSE AND WEBSTER PROVIDE 418 UNITS OF SUPPORTIVE AND AFFORDABLE HOUSING IN THE TREMONT SECTION OF THE BRONX.
STREET TO HOME OUTREACH PROGRAM FOUNDED ON THE PREMISE THAT HOUSING IS THE ESSENTIAL FIRST STEP TO ADDRESSING THE COMPLEX ISSUES FACED BY CHRONICALLY HOMELESS INDIVIDUALS. STREET TO HOME IS A SYSTEMATIC METHOD OF IDENTIFYING AND PRIORITIZING FOR HOUSING THOSE WHO HAVE BEEN OUTDOORS THE LONGEST AND WHO HAVE THE HIGHEST RISK OF PREMATURE DEATH ON THE STREETS. THE CHRONICALLY HOMELESS ARE SOMETIMES REFERRED TO AS "HARD TO HOUSE" DUE TO THEIR NON-RESPONSIVENESS TO TRADITIONAL OUTREACH EFFORTS (E.G., OFFERS OF A NIGHT IN THE SHELTER OR A WARM MEAL) AND THE CHALLENGES TO STABILITY POSED BY SEVERE AND PERSISTENT MENTAL ILLNESS, CHRONIC HEALTH CONDITIONS AND ALCOHOL AND SUBSTANCE ABUSE. BY TAKING THE TIME TO GAIN THE TRUST OF CHRONICALLY HOMELESS INDIVIDUALS GRADUALLY OVER TIME, AND OFFERING HOUSING WITHOUT CONDITIONS (E.G., SOBRIETY), STREET TO HOME DEMONSTRATES THAT THESE INDIVIDUALS DO WANT A HOME AND CAN SUCCESSFULLY SECURE AND MAINTAIN PERMANENT HOUSING.THE STREET TO HOME MODEL WAS PIONEERED BY BREAKING GROUND IN 2004 AND ADOPTED BY THE NYC DEPARTMENT OF HOMELESS SERVICES AS A CITYWIDE STRATEGY IN 2007. THROUGH OUR STREET TO HOME PROGRAM, BREAKING GROUND MAKES CONTACT WITH AN AVERAGE OF 1,000 STREET HOMELESS INDIVIDUALS AND CONNECTS MORE THAN 300 INDIVIDUALS TO HOUSING, MEDICAL AND MENTAL HEALTH SERVICES, SUBSTANCE ABUSE COUNSELING, AND OTHER ESSENTIALS UPPORTS EACH YEAR. THE CARING, INDIVIDUALLY TAILORED ATTENTION CLIENTS RECEIVE AT EACH STAGE OF THEIR JOURNEY FROM STREET TO HOME ENSURES THAT MORE THAN 90% OF PEOPLE WHO BREAKING GROUND PLACES REMAIN STABLY HOUSED. BREAKING GROUND AND ITS PARTNERS ARE RESPONSIBLE FOR COVERING THE ENTIRE BOROUGHS OF BROOKLYN AND QUEENS, AND ONE-THIRD OF MANHATTAN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brenda Rosen President & CEO | OfficerTrustee | 12.32 | $0 |
Michael Franco Chairman | OfficerTrustee | 0.58 | $0 |
Ben Stacks Treasurer | OfficerTrustee | 0.2 | $0 |
Nicholas Tsang Secretary | OfficerTrustee | 0.15 | $0 |
Kevin Moran CFO | Officer | 12.32 | $0 |
David Picket Director | Trustee | 0.46 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allied Universal Security Services Security Services | 12/30/20 | $1,065,814 |
Olde Towne Personnel Inc Staffing Services | 12/30/20 | $127,006 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $2,786,699 |
Related organizations | $0 |
Government grants | $869,237 |
All other contributions, gifts, grants, and similar amounts not included above | $8,092,205 |
Noncash contributions included in lines 1a–1f | $222,425 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,748,141 |
Total Program Service Revenue | $12,543,924 |
Investment income | $979,083 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $623,063 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$242,881 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $25,961,669 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,306,737 |
Pension plan accruals and contributions | $30,070 |
Other employee benefits | $1,126,144 |
Payroll taxes | $222,132 |
Fees for services: Management | $583,631 |
Fees for services: Legal | $74,399 |
Fees for services: Accounting | $35,758 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $86,711 |
Advertising and promotion | $0 |
Office expenses | $262,677 |
Information technology | $46,554 |
Royalties | $0 |
Occupancy | $2,865,122 |
Travel | $10,588 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $21,154 |
Interest | $499,049 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,735,206 |
Insurance | $443,699 |
All other expenses | $988,178 |
Total functional expenses | $15,677,578 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,767,739 |
Savings and temporary cash investments | $2,241,263 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,872,295 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $37,903,998 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $253,412 |
Net Land, buildings, and equipment | $31,878,327 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $101,221,051 |
Total assets | $193,138,085 |
Accounts payable and accrued expenses | $3,755,034 |
Grants payable | $0 |
Deferred revenue | $2,396,021 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $46,956,279 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $6,997,270 |
Total liabilities | $60,104,604 |
Net assets without donor restrictions | $113,344,899 |
Net assets with donor restrictions | $19,688,582 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $193,138,085 |
Over the last fiscal year, we have identified 20 grants that Breaking Ground Housing Development Fund Corporation has recieved totaling $3,080,950.
Awarding Organization | Amount |
---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: QUEENS HEALTHCARE PILOT | $1,400,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $575,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE CONSTRUCTION OF THE BETANCES, A SUPPORTIVE HOUSING COMMUNITY FOR OLDER ADULTS, INCLUDING THOSE WHO HAVE EXPERIENCED CHRONIC HOMELESSNESS. | $500,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Altman Foundation New York, NY PURPOSE: TO BUILD THE DATA CAPACITY NEEDED FOR THE PLANNED QUEENS HEALTHCARE PILOT | $65,000 |
Organization Name | Assets | Revenue |
---|---|---|
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |