Breaking Ground Housing Development Fund Corporation
Breaking Ground Housing Development Fund Corporation reported $35.6 million in revenue and $25.0 million in expenses for calendar year 2024. Of every $100 it spent, $90.34 went to program services, $6.71 to management and general costs and $2.95 to fundraising. Its largest source of revenue was contributions and grants: 56.3% of the total. The highest compensation it reported for one person was $656,013 (PRESIDENT & CEO). Revenue rose 68% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $25MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $36MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.7% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 56.3% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 39.9% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $656,013 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.62% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 75.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 15 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe 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…
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…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 10.43 hrs/week | $0 | $641,542 | $14,471 | $656,013 |
| CFO Officer, 10.43 hrs/week | $0 | $365,675 | $50,231 | $415,906 |
0 people received more than $100,000 in reportable compensation from Breaking Ground Housing Development Fund Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CENTER FOR URBAN COMMUNITY SERVICES Contractual services | $1,255,151 |
| ALLIED UNIVERSAL SECURITY SERVICES Security services | $693,243 |
| KELLNER HERLIHY GETTY & FRIEDMAN LLP Legal services | $217,222 |
| VERINEXT CORP Temp staffing expenses | $117,983 |
| NEW YORK LEGAL ASSISTANCE GROUP Consulting services | $111,167 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
10 private foundations reported grants to Breaking Ground Housing Development Fund Corporation totaling $2.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Breaking Ground Housing Development Fund Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Breaking Ground Housing Development Fund Corporation, you can publish a response that is linked from this page.
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Of every $100 Breaking Ground Housing Development Fund Corporation spent in 2024, $90.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- West Side Federation for Senior and Supportive HousingNew York, NY · revenue $35M · programs 77.8% · FY2025
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- East Harlem Pilot Block HdfcNew York, NY · revenue $35M · programs 88.3% · FY2025
- Orlando Lutheran TowersOrlando, FL · revenue $36M · programs 79.1% · 2024
- Women's Housing & Economic Development CorporationBronx, NY · revenue $35M · programs 80.2% · FY2025
All housing & shelter charities · Largest charities in New York
Questions people ask
How much of Breaking Ground Housing Development Fund Corporation's spending goes to programs?
In calendar year 2024, Breaking Ground Housing Development Fund Corporation reported that 90.3% of its $25.0 million in expenses went to program services, 6.7% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does Breaking Ground Housing Development Fund Corporation pay its top executive?
The largest total compensation Breaking Ground Housing Development Fund Corporation reported for one person in calendar year 2024 was $656,013, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Breaking Ground Housing Development Fund Corporation get its money?
Of $35.6 million in revenue in calendar year 2024, 56.3% came from contributions and grants and 39.9% from program service revenue (Form 990, Part VIII).
Is Breaking Ground Housing Development Fund Corporation a registered charity?
The IRS lists EIN 11-3048002 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543119349301994 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443119349302144 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303109349300235 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233089349300603 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103149349307070 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022529349300302 · read the filing
All filings for EIN 11-3048002: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.