Mission
SEE SCHEDULE O
Public Charity
BREAKING GROUND II HOUSING DEVELOPMENT FUND CORPORATION
BREAKING GROUND II HOUSING DEVELOPMENT FUND CORPORATION, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $10.3M in revenue, $2.1M in expenses, $125.2M in total assets.
EIN: 133846708
NEW YORK, NY
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$10.3M
Total Expenses$2.1M
Total Assets$125.2M
Grant Records0
Filing Years2019–2024
Where $100 goes at Breaking Ground II Housing Development Fund Corporation
How Breaking Ground II Housing Development Fund Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$90
Programs
the work itself
$10
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $90 for programs
$90
Breaking ground ii hdfc's ("bg ii") primary exempt purpose is to own, rehabilitate, manage, maintain, and operate housing and supportive services for low income and formerly homeless tenants
Reported in the filing
- After many years of decline and neglect, it was rehabilitated by breaking ground and reopened in 1999 to provide 416 units of affordable housing for low-income ...
- The building will yield 173 apartments reserved for low-income seniors, including 52 supportive housing units for formerly homeless older adults ...
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
TREASURER
Benjamin Stacks
PRESIDENT & CEO
Brenda E Rosen
VICE PRESIDENT
David Beer
SECRETARY
Judith Rosenfeld
CFO
Kevin Moran
DIRECTOR
Nicholas Tsang
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $10.3M | $2.1M | $125.2M |
| 2023 | $4.8M | $2.0M | $115.7M |
| 2022 | $2.0M | $3.3M | $113.4M |
| 2020 | $11.7M | $2.3M | $106.1M |
| 2019 | $13.0M | $2.0M | $94.3M |
Between 2019 and 2024, reported annual revenue declined from $13.0M to $10.3M (-21%), with total assets most recently reported at $125.2M.
Interactive year-over-year charts and full filing details available with membership.