Nonprofit · EIN 11-3048002
BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $35,558,133 | $25,040,971 | $10,517,162 | $220,896,027 | $63,261,368 | $157,634,659 |
| December 31, 2023 | 990 | $31,598,965 | $27,566,109 | $4,032,856 | $214,800,596 | $67,859,570 | $146,941,026 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,035,333
- Program service revenue
- $14,200,947
- Investment income
- $809,351
- Net rental income
- $815,852
- Net gain from sales of assets
- -$419,333
- Net income from fundraising events
- -$432,052
- Other revenue
- $512,502
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $7,846,711
- Salaries, compensation and benefits (total)
- $10,009,146
- Professional fundraising fees
- $0
- Legal fees
- $278,204
- Accounting fees
- $31,191
- Occupancy
- $3,727,209
- Travel
- $11,733
- Depreciation
- $1,648,228
- Program services (functional)
- $22,622,471
- Management and general (functional)
- $1,680,685
- Fundraising (functional)
- $737,815
Balance sheet and other
- Total assets, start of year
- $214,800,596
- Total assets, end of year
- $220,896,027
- Total liabilities, end of year
- $63,261,368
- Net assets, end of year
- $157,634,659
- Land, buildings and equipment
- $26,905,944
- Net assets without donor restrictions
- $144,697,410
- Net assets with donor restrictions
- $12,937,249
- Gross receipts
- $36,623,418
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO Trustee or director, Officer | 10.43 | $0 | $641,542 | $14,471 |
| KEVIN MORAN | CFO Officer | 10.43 | $0 | $365,675 | $50,231 |
| MICHAEL FRANCO | CHAIRMAN Trustee or director, Officer | 0.63 | $0 | $0 | $0 |
| DAVID PICKET | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| BEN STACKS | TREASURER Trustee or director, Officer | 0.11 | $0 | $0 | $0 |
| MICHAEL RYAN | DIRECTOR Trustee or director | 0.45 | $0 | $0 | $0 |
| RICHARD ROBERTS | DIRECTOR Trustee or director | 0.29 | $0 | $0 | $0 |
| NICHOLAS TSANG | SECRETARY Trustee or director, Officer | 0.12 | $0 | $0 | $0 |
| DAVID WALSH | DIRECTOR Trustee or director | 0.36 | $0 | $0 | $0 |
| KARA MCSHANE | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MICHAEL LASCHER | DIRECTOR Trustee or director | 0.35 | $0 | $0 | $0 |
| ANNIE TIRSCHWELL | DIRECTOR Trustee or director | 0.35 | $0 | $0 | $0 |
| PETER EZERSKY | DIRECTOR (THRU 12/2024) Trustee or director | 0.35 | $0 | $0 | $0 |
| KIRK GOODRICH | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| MICHAEL WERNER | DIRECTOR Trustee or director | 0.17 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY D'AMICO | DIRECTOR Trustee or director | 0.4 | $0 |
| MARK LEVY | DIRECTOR Trustee or director | 0.23 | $0 |
| LOUISE CARROLL | DIRECTOR Trustee or director | 0.29 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO Trustee or director, Officer | 12.44 | $0 | $629,604 | $13,827 |
| KEVIN MORAN | CFO Officer | 12.44 | $0 | $353,041 | $47,221 |
| MICHAEL FRANCO | CHAIRMAN Trustee or director, Officer | 0.58 | $0 | $0 | $0 |
| DAVID PICKET | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| BEN STACKS | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| MICHAEL RYAN | DIRECTOR Trustee or director | 0.38 | $0 | $0 | $0 |
| RICHARD ROBERTS | DIRECTOR Trustee or director | 0.38 | $0 | $0 | $0 |
| NICHOLAS TSANG | SECRETARY Trustee or director, Officer | 0.13 | $0 | $0 | $0 |
| DAVID WALSH | DIRECTOR Trustee or director | 0.45 | $0 | $0 | $0 |
| KARA MCSHANE | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| MICHAEL LASCHER | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| ANNIE TIRSCHWELL | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| PETER EZERSKY | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| KIRK GOODRICH | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| MICHAEL WERNER | DIRECTOR Trustee or director | 0.35 | $0 | $0 | $0 |
| ANDY D'AMICO | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| MARK LEVY | DIRECTOR Trustee or director | 0.23 | $0 | $0 | $0 |
| LOUISE CARROLL | DIRECTOR (AS OF 4/25/2023) Trustee or director | 0.17 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY 10018-6505
- In care of
- % KEVIN MORAN
- Principal officer (990 for 2024)
- BRENDA ROSEN, 505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY 10018
- Signed the 990
- KEVIN MORAN, CFO
- Phone
- (212) 389-9300
- Website
- WWW.BREAKINGGROUND.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- 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.Expenses $11,952,550 · revenue $8,768,926
- 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 OUTREACHExpenses $3,451,374 · revenue $3,459,321
- 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.Expenses $1,578,950 · revenue $1,476,919
- 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 SUPPORTS 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 ENTIREBOROUGHS OF BROOKLYN AND QUEENS, AND ONE-THIRD OF MANHATTAN.Expenses $5,639,597 · revenue $495,781
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3048002
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $220,896,027
- Income (IRS master file)
- $36,623,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $35,558,133 | $25,040,971 | $220,896,027 | IRS |
| 990 | December 2023 | $31,598,965 | $27,566,109 | $214,800,596 | XML |
| 990 | December 2022 | $29,782,334 | $19,907,645 | $208,983,140 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3048002).
Questions about BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION is 11-3048002.
- Is BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 names BRENDA ROSEN.
- Who are the officers and directors of BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $35,558,133, expenses of $25,040,971 and total assets of $220,896,027 at year end.
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