Nonprofit · EIN 13-4138205
BREAKING GROUND III 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 | $337,680 | $342,403 | -$4,723 | $1,007,716 | $1,069,221 | -$61,505 |
| December 31, 2023 | 990 | $361,336 | $358,839 | $2,497 | $1,083,679 | $1,140,461 | -$56,782 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $337,680
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $85,691
- Salaries, compensation and benefits (total)
- $111,058
- Professional fundraising fees
- $0
- Legal fees
- $1,111
- Accounting fees
- $358
- Occupancy
- $1,838
- Program services (functional)
- $319,220
- Management and general (functional)
- $23,183
Balance sheet and other
- Total assets, start of year
- $1,083,679
- Total assets, end of year
- $1,007,716
- Total liabilities, end of year
- $1,069,221
- Net assets, end of year
- -$61,505
- Net assets without donor restrictions
- -$61,505
- Gross receipts
- $337,680
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- 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 E ROSEN | PRESIDENT & CEO Trustee or director, Officer | 0.95 | $0 | $641,542 | $14,471 |
| KEVIN MORAN | CFO Officer | 0.95 | $0 | $365,675 | $50,231 |
| DAVID BEER | SECRETARY Trustee or director, Officer | 1.36 | $0 | $333,921 | $50,111 |
| JUDITH ROSENFELD | DIRECTOR Trustee or director, Officer | 1.43 | $0 | $142,608 | $18,423 |
| BENJAMIN STACKS | TREASURER Trustee or director, Officer | 0.01 | $0 | $0 | $0 |
| NICHOLAS TSANG | CHAIRMAN Trustee or director, Officer | 0.01 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDA E ROSEN | PRESIDENT & CEO Trustee or director, Officer | 0.93 | $0 | $629,604 | $13,827 |
| KEVIN MORAN | CFO Officer | 0.93 | $0 | $353,041 | $47,221 |
| DAVID BEER | SECRETARY Trustee or director, Officer | 1.44 | $0 | $336,867 | $47,221 |
| JUDITH ROSENFELD | DIRECTOR Trustee or director, Officer | 1.5 | $0 | $136,282 | $17,273 |
| BENJAMIN STACKS | TREASURER Trustee or director, Officer | 0.01 | $0 | $0 | $0 |
| NICHOLAS TSANG | CHAIRMAN Trustee or director, Officer | 0.01 | $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 AVE 5TH FL, 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
- SEE SCHEDULE OExpenses $319,220 · revenue $337,680
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
- 13-4138205
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,007,716
- Income (IRS master file)
- $337,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $337,680 | $342,403 | $1,007,716 | XML |
| 990 | December 2023 | $361,336 | $358,839 | $1,083,679 | XML |
| 990 | December 2022 | $315,130 | $328,200 | $95,460 | 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 13-4138205).
Questions about BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION is 13-4138205.
- Is BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to BREAKING GROUND III 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 III 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 III 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 III 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 III 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 III HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $337,680, expenses of $342,403 and total assets of $1,007,716 at year end.
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