Overview
What is Common Ground Management Corp?
Common Ground Management Corp is a nonprofit organization based in New York, dedicated to enhancing the lives of individuals, families, and communities by creating and maintaining high-quality supportive and affordable housing. They serve the homeless and other vulnerable populations in New York. In this capacity, they function as the central disbursement unit for Breaking Ground and its affiliated entities. Their mission is to make a significant impact by developing and sustaining exceptional housing solutions and programs.
Official website here: www.breakingground.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Common Ground Management Corp has achieved a solid Three-Star rating from Charity Navigator, reflecting its commendable performance in accountability and finance. The 85% score indicates a strong commitment to transparency and responsible financial practices, with no reported material diversion of assets and all necessary policies properly listed.
The organization stands out for its governance, with a significant majority of independent board members, ensuring unbiased decision-making. It also maintains rigorous oversight with an Audit and Oversight Committee, and it scores highly in program expense ratio, indicating that a large portion of its expenditures is directed toward its mission-driven programs.
While Common Ground Management Corp demonstrates a strong framework for governance and financial management, potential donors might look for more detailed information on its specific programs and their impacts to ensure their contributions are effectively utilized. Overall, the organization shows a robust accountability structure beneficial for trust-building with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Common Ground Management Corp legitimate?
Common Ground Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Ground Management Corp 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: $1,607,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,977,968
For more financial information, click here
Official website here: www.breakingground.org
What is the mission statement of Common Ground Management Corp?
Common Ground Management Corp is dedicated to enhancing the lives of individuals and families by creating and maintaining high-quality, supportive, and affordable housing. Their mission extends beyond just housing, as they also provide essential programs for the homeless and other vulnerable populations in New York City. By focusing on these vital aspects, Common Ground Management Corp strives to build stronger communities and foster a positive impact on the lives of those in need.
Official website here: www.breakingground.org
Who is the CEO of Common Ground Management Corp?
Brenda Rosen is the Principal Officer of Common Ground Management Corp. The CEO's salary of Common Ground Management Corp is $587,598 and their total compensation is $600,372.
Official website here: www.breakingground.org
What is the revenue of Common Ground Management Corp?
Common Ground Management Corp's revenue in 2022 was $58,980,963.
Official website here: www.breakingground.org
Who are the executives of Common Ground Management Corp and what are their salaries?
The average compensation at Common Ground Management Corp during 2022 was $28,522. There are 862 employees at Common Ground Management Corp.
Here are 13 key members and their salaries (Common Ground Management Corp's CEO's salary is $587,598 and their total compensation is $600,372):
- Compensation: $587,598
- Related: $0
- Other: $12,774
- Compensation: $306,168
- Related: $0
- Other: $43,943
- Compensation: $256,279
- Related: $0
- Other: $19,123
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $338,301
- Related: $0
- Other: $43,787
- Compensation: $319,800
- Related: $0
- Other: $28,896
- Compensation: $234,774
- Related: $0
- Other: $41,466
- Compensation: $239,693
- Related: $0
- Other: $20,423
- Compensation: $186,035
- Related: $0
- Other: $30,522
- Compensation: $191,304
- Related: $0
- Other: $29,136
Official website here: www.breakingground.org
Where can I find the form 990 for Common Ground Management Corp?
Common Ground Management Corp'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 Common Ground Management Corp
Common Ground Management Corp, a central disbursement unit for Breaking Ground and its affiliated entities, is dedicated to enhancing the lives of individuals, families, and communities in New York. Through their mission, they strive to create and maintain exceptional supportive and affordable housing solutions for homeless and vulnerable populations.
This nonprofit organization puts forth tireless efforts to fortify the well-being of individuals and families by providing them with essential housing. By developing and sustaining these housing projects, Common Ground Management Corp offers a stable foundation for those in need. Beyond housing, the organization extends its reach to encompass programs designed to uplift and empower homeless and other at-risk New Yorkers.
Common Ground Management Corp's commitment to strengthening communities does not stop at housing. They recognize that housing is only one piece of the puzzle to achieving self-sufficiency and independence. By offering a range of supportive services, they help residents build a brighter future. These services may include access to education, employment opportunities, and essential resources that empower individuals to break the cycle of homelessness and poverty.
In summary, Common Ground Management Corp is a beacon of hope for the most vulnerable populations in New York. By focusing on both the development and sustainment of supportive and affordable housing, as well as the provision of essential programs, they work to create lasting solutions that address the complex needs of homeless and other vulnerable individuals and families.
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Impact
October, 2024
Common Ground Management Corp plays a vital role in enhancing the lives of individuals, families, and communities in New York. By acting as the central disbursement unit for Breaking Ground and its affiliated entities, it ensures that resources are effectively allocated to support the development and sustainability of exceptional supportive and affordable housing. This focus not only addresses the immediate needs of homeless and vulnerable populations but also fosters long-term stability and growth.
The organization’s efforts contribute directly to community building by providing tailored programs that create pathways to employment and self-sufficiency, empowering residents to improve their circumstances. As a result, Common Ground Management Corp not only alleviates immediate housing crises but also helps to cultivate an environment where individuals and families can thrive, ultimately benefiting the broader community. Its commitment to strengthening the foundation of supportive housing plays a critical role in addressing the complex challenges faced by marginalized groups in the city.
This information is meant to be a general summary of Common Ground Management Corp. 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.
- Program Service Revenue: $53,033,382
- Gross Receipts: $58,980,963
Assets and Liabilities:
- Total Assets: $70,310,247
- Total Liabilities: $163,279,420
- Net Assets: -$92,969,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT HOUSING (GOV'T CONTRACTS)
Revenue
$46,787,099
MANAGEMENT AND PARTNERSHIP FEES
Revenue
$3,528,949
OUTREACH SERVICE INCOME
Revenue
$1,757,588
LOW INCOME HOUSING RENTAL INCOME
Revenue
$569,386
LOW INCOME HOUSING CONSULTING FEE
Revenue
$390,360
Organization Details
Founding Year
1995
Phone
(212) 389-9300Principal Officer
Brenda Rosen
Main Address
505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
Website
www.breakingground.orgNTEE Category
Code: J20 - Employment
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