Overview
What is Breaking Ground Housing Development Fund Corporation?
Breaking Ground Housing Development Fund Corporation is a nonprofit organization dedicated to enhancing the lives of individuals and communities in New York by providing exceptional supportive and affordable housing, along with essential programs for homeless and vulnerable populations. Their mission is to fortify individuals and families by developing and maintaining top-notch housing solutions and services.
Official website here: www.breakingground.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
Breaking Ground Housing Development Fund Corporation demonstrates a high level of accountability and financial management, reflected in its impressive 99% score. The organization has a fully independent board, strong oversight measures, and effective financial practices, showcasing its commitment to transparency and responsible stewardship of resources. With a program expense ratio of 90.90%, a significant portion of funds directly supports its mission to assist homeless individuals in New York.
While the organization has received praise for its dedication to helping the homeless, some user reviews highlight serious concerns regarding management practices. Specific allegations include instances of predatory treatment of vulnerable tenants and a dysfunctional finance department under current leadership. These criticisms suggest that while the organization is effective in many areas, it faces challenges that may impact its reputation and operations.
Despite these limitations, Breaking Ground is often recognized for its positive contributions to the community and its well-run programs. It has been noted as an excellent choice for those looking to engage with nonprofits focused on housing for low-income individuals, although potential supporters should consider the mixed feedback from users regarding operational issues.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Breaking Ground Housing Development Fund Corporation legitimate?
Breaking Ground Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breaking Ground 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,163,008
For more financial information, click here
Official website here: www.breakingground.org
What is the mission statement of Breaking Ground Housing Development Fund Corporation?
Breaking Ground Housing Development Fund Corporation is dedicated to enhancing the lives of individuals and families by providing them with exceptional supportive and affordable housing, as well as necessary programs. Their mission is to fortify communities by developing and maintaining top-notch supportive and affordable housing options, catering to homeless and other vulnerable populations in New York. The organization's main goal is to help individuals and families regain their strength and stability, ultimately contributing to the betterment of their communities. Through their housing and support programs, they aim to create an environment where people can thrive and build a more secure future.
Official website here: www.breakingground.org
Who is the CEO of Breaking Ground Housing Development Fund Corporation?
Brenda Rosen is the President & Ceo of Breaking Ground Housing Development Fund Corporation. The CEO's salary of Breaking Ground 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 Housing Development Fund Corporation?
Breaking Ground Housing Development Fund Corporation's revenue in 2022 was $29,782,334.
Official website here: www.breakingground.org
Who are the executives of Breaking Ground Housing Development Fund Corporation and what are their salaries?
Here are 18 key members and their salaries (Breaking Ground Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $600,372):
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- Related: $587,598
- Other: $12,774
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- Related: $338,301
- Other: $43,787
Official website here: www.breakingground.org
Where can I find the form 990 for Breaking Ground Housing Development Fund Corporation?
Breaking Ground 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 Housing Development Fund Corporation
Breaking Ground Housing Development Fund Corporation is a mission-driven organization dedicated to enhancing the lives of homeless and vulnerable New Yorkers. By providing exceptional supportive and affordable housing, this corporation aims to foster individual growth and strengthen communities.
In their pursuit to make a difference, Breaking Ground Housing Development Fund Corporation offers more than just a roof over the heads of those in need. Their commitment extends beyond housing, as they also develop and sustain comprehensive programs to uplift and empower their residents. These initiatives are essential for the well-being of homeless and vulnerable New Yorkers, enabling them to rebuild their lives and regain self-sufficiency.
Breaking Ground Housing Development Fund Corporation's mission is twofold: to develop and sustain exceptional supportive and affordable housing, and to provide vital programs for homeless and other at-risk New Yorkers. By addressing the unique needs of each individual, they strive to create a positive and lasting impact on the lives of those they serve. Through their unwavering dedication and innovative solutions, Breaking Ground Housing Development Fund Corporation plays a critical role in transforming the lives of homeless and vulnerable New Yorkers, one person at a time.
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Impact
October, 2024
Breaking Ground Housing Development Fund Corporation has a significant impact by providing affordable housing and support programs aimed at homeless and vulnerable individuals in New York City. By developing and sustaining exceptional supportive housing, the organization strengthens the fabric of communities and promotes stability for individuals and families facing housing insecurity.
Through its comprehensive programs, Breaking Ground not only addresses immediate housing needs but also empowers residents to build better lives. This approach fosters resilience and encourages self-sufficiency, ultimately contributing to the overall well-being of the community. The combination of affordable housing and targeted support services enables individuals to transition out of homelessness, reducing the burden on social services and enhancing the quality of life for many New Yorkers.
This information is meant to be a general summary of Breaking Ground Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $950,751
- Program Service Revenue: $12,515,597
- Gross Receipts: $30,226,872
Assets and Liabilities:
- Total Assets: $208,983,140
- Total Liabilities: $66,074,970
- Net Assets: $142,908,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENTAL INCOME
Revenue
$7,296,925
TENANT HOUSING (GOV'T CONTRACTS)
Revenue
$4,943,130
ANCILLARY TENANT SERVICES
Revenue
$151,068
OUTREACH SERVICE INCOME
Revenue
$124,474
Organization Details
Founding Year
1990
Phone
(212) 389-9300Principal Officer
Brenda Rosen
Main Address
505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
Website
www.breakingground.orgNTEE Category
Code: L80Z - Housing
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