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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Breaking Ground II Housing Development Fund Corporation has received an overall score of 81%, reflecting a strong commitment to accountability and financial management. The rating is based entirely on the Accountability & Finance beacon, where the organization excelled in various metrics, including a perfect score on audit oversight and no material diversion of assets.
The charity demonstrates effective governance through its established policies, such as a conflict of interest policy and a whistleblower policy, both of which received full marks. Additionally, the organization maintains a healthy liabilities-to-assets ratio, indicating sound financial health. With a program expense ratio of 81.65%, the majority of its resources appear to be allocated towards its mission-driven activities.
Despite its strengths, the data does not highlight any additional areas for improvement or specific challenges faced by the organization. Overall, Breaking Ground II stands out for its accountability practices and financial integrity, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $471,782
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 E Rosen is the CEO 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 $643,431.
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 2023 was $4,846,250.
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 $643,431):
- Compensation: $0
- Related: $629,604
- Other: $13,827
- Compensation: $0
- Related: $336,867
- Other: $47,221
- Compensation: $0
- Related: $136,281
- Other: $17,273
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $353,041
- Other: $47,221
Official website here: www.breakingground.org
Where can I find the form 990 for Breaking Ground Ii Housing Development Fund Corporation?
Breaking Ground Ii Housing Development Fund Corporation's most recent form 990 was submitted in 2023 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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Breaking Ground II Housing Development Fund Corporation plays a vital role in addressing the housing needs of low-income and formerly homeless individuals in New York City. By owning, rehabilitating, and managing low-income housing projects, it creates safe and affordable living environments for those in need. The organization not only provides housing but also offers supportive services that help tenants maintain stability and improve their quality of life.
One of its key projects, The Prince George in Manhattan, serves as a cornerstone of this initiative, exemplifying its commitment to transforming the lives of vulnerable populations. The rehabilitation of these housing units ensures that residents have access to well-maintained living conditions, which can significantly impact their overall well-being.
Through its comprehensive approach, Breaking Ground II contributes to community revitalization, reduces homelessness, and fosters a sense of belonging among its tenants. The combination of housing and supportive services empowers residents to build sustainable futures, enhancing both individual and community resilience in the face of economic challenges.
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.
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 2023.
- Investment Income: $171,191
- Program Service Revenue: $8,110,374
- Gross Receipts: $8,820,753
Assets and Liabilities:
- Total Assets: $113,381,926
- Total Liabilities: $18,349,336
- Net Assets: $95,032,590
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$6,228,609
TENANT HOUSING (GOV'T CONTRACTS)
Revenue
$1,881,765
Organization Details
Founding Year
1995
Principal Officer
Brenda Rosen
Website
www.breakingground.orgNTEE 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.