Overview
What is Breaking Ground Inc?
Breaking Ground Inc is a nonprofit organization situated in Chicago, Illinois, dedicated to uplifting families by providing them with essential resources for financial independence and personal development. Through constructing affordable single-family homes, the organization supports families facing the threat of gentrification. Moreover, Breaking Ground Inc fosters social enterprises and start-up construction companies, led by local residents, to create sustainable opportunities and contribute to the community. By combining these initiatives, Breaking Ground Inc aims to empower families, helping them achieve self-sufficiency and personal growth.
Official website here: www.breakingground.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Breaking Ground Inc has achieved a solid rating of 84%, indicating a commendable level of accountability and finance management. The organization excels in several areas, including having a fully independent board and no material diversion of assets, which speaks to its commitment to responsible governance. Additionally, the high program expense ratio (94.57%) suggests that the majority of its funds are directed towards fulfilling its mission.
User feedback reflects a strong appreciation for Breaking Ground, particularly for its supportive environment and the positive impact it has on participants. Many clients have shared experiences of personal growth, improved job readiness, and enhanced skills, particularly in technology and life management. The organization fosters a sense of community, where staff members are described as caring and attentive, creating a welcoming atmosphere for individuals seeking to better their lives.
However, while the overall feedback is overwhelmingly positive, it's important to recognize that individual experiences may vary. Some users mentioned the need for additional support in specific subjects like math, indicating areas where the program can continue to evolve and improve. Overall, Breaking Ground appears to be a valuable resource for individuals looking to transition back into the workforce and improve their life skills.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Breaking Ground Inc legitimate?
Breaking Ground Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breaking Ground Inc 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: $72,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,751
For more financial information, click here
Official website here: www.breakingground.net
What is the mission statement of Breaking Ground Inc?
Breaking Ground Inc's mission is focused on empowering families, promoting self-sufficiency, and fostering personal growth. The organization achieves this by constructing affordable single-family homes and nurturing local residents to lead social enterprises and construction start-ups. Breaking Ground's programs aim to provide economic tools and offer a chance for individuals to improve their living conditions, ultimately fostering their personal development.
Official website here: www.breakingground.net
Who is the CEO of Breaking Ground Inc?
Valarie Rand is the Principal Officer of Breaking Ground Inc.
Official website here: www.breakingground.net
What is the revenue of Breaking Ground Inc?
Breaking Ground Inc's revenue in 2022 was $853,496.
Official website here: www.breakingground.net
Who are the executives of Breaking Ground Inc and what are their salaries?
The average compensation at Breaking Ground Inc during 2022 was $60,955. There are 3 employees and 50 volunteers at Breaking Ground Inc.
Here are 6 key members and their salaries:
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- Compensation: $72,115
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Official website here: www.breakingground.net
Where can I find the form 990 for Breaking Ground Inc?
Breaking Ground Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.breakingground.net
Learn more at the official website: www.breakingground.net
Mission Statement of Breaking Ground Inc
Breaking Ground Inc, as a nonprofit organization, is dedicated to establishing, educating, and empowering families. Its mission is to provide them with the necessary economic and personal growth tools. This is achieved through the construction of affordable single-family homes. Additionally, Breaking Ground Inc supports the development of social enterprises and start-up construction companies, all led by local residents. This approach aims to foster self-sufficiency and personal growth within the communities it serves. The organization's programs extend beyond home construction, also involving the incubation of new construction companies, thereby creating opportunities for local residents.
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Impact
October, 2024
Breaking Ground Inc significantly impacts communities by providing families with the tools and resources necessary for self-sufficiency and personal development. By constructing affordable single-family homes, the organization addresses the urgent housing needs of residents, particularly in areas vulnerable to gentrification in Chicago. This initiative not only enhances living conditions but also fosters stability for families.
Furthermore, Breaking Ground empowers local residents by incubating social enterprises and startup construction companies. This approach creates economic opportunities within the community, promoting entrepreneurship and job creation. The organization’s focus on education and skill-building equips individuals with vital knowledge and capabilities, enabling them to thrive in various aspects of life.
Overall, Breaking Ground Inc plays a crucial role in transforming lives through stable housing, economic empowerment, and community engagement, driving meaningful change and fostering resilience among families in Chicago.
This information is meant to be a general summary of Breaking Ground Inc. 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: $248
- Program Service Revenue: $838,628
- Gross Receipts: $853,496
Assets and Liabilities:
- Total Assets: $941,922
- Total Liabilities: $622,961
- Net Assets: $318,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM CONTRACTED SER
Revenue
$793,166
CONSTRUCTION FEES
Revenue
$28,171
HOUSING SALES
Revenue
$17,291
Organization Details
Founding Year
1992
Phone
(773) 265-1370Principal Officer
Valarie Rand
Main Address
3501 WEST FILLMORE, CHICAGO, IL, 60624
Website
www.breakingground.netNTEE Category
Code: P20Z - Human services
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