NEW YORK, NY
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Sign In — Free (10 views/day)BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $31.6M in total revenue in fiscal year 2023. Expenses of $27.6M left a modest 13% surplus.
BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION ("BG") WAS ORGANIZED ON OCTOBER 11, 1990, UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW AND PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW (HOUSING DEVELOPMENT FUND COMPANIES LAW) OF THE STATE OF NY. BREAKING GROUND IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND EXCISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BREAKING GROUND WAS FORMED FOR THE CHARITABLE PURPOSE OF REHABILITATING, MAINTAINING AND OPERATING LOW-INCOME HOUSING PROJECTS AND TO PROVIDE RELATED SOCIAL SERVICE PROGRAMS. BREAKING GROUND'S SUCCESS IN ENDING HOMELESSNESS IS BUILT ON A HOUSING MODEL THAT TARGETS INDIVIDUALS AND FAMILIES WHO ARE HOMELESS OR AT RISK OF BECOMING HOMELESS. FOR THE CHRONICALLY HOMELESS, WE CREATE SAFE, SECURE HOUSING, WITH ESSENTIAL ON-SITE SUPPORT SERVICES TO HELP THEM ADDRESS THE PSYCHOSOCIAL, MENTAL, AND PHYSICAL HEALTH PROBLEMS THAT ARE OBSTACLES TO INDEPENDENT LIVING. FOR INDIVIDUALS WHO FIND THEMSELVES AT THE EDGE OF HOMELESSNESS, OUR AFFORDABLE HOUSING PROVIDES AN ALL-IMPORTANT SAFETY NET. FOR BOTH POPULATIONS, WE STRIVE TO CREATE STRONG, VIBRANT COMMUNITIES WITHIN OUR BUILDINGS AND TO STRENGTHEN THE NEIGHBORHOODS IN WHICH OUR BUILDINGS ARE LOCATED THROUGH A COMMITMENT TO SOCIAL INCLUSION. BREAKING GROUND HAS CREATED AND OPERATES THOUSANDS OF UNITS OF AFFORDABLE PERMANENT AND TRANSITIONAL HOUSING IN THE NORTHEASTERN UNITED STATES AND HAS APPROXIMATELY ONE THOUSAND MORE CURRENTLY IN DEVELOPMENT. BREAKING GROUND ALSO MANAGES THE INNOVATIVE STREET OUTREACH PROGRAM, STREET TO HOME, WHICH CONNECTS THE MOST ENTRENCHED, LONG-TERM HOMELESS INDIVIDUALS WITH HOUSING AND OTHER CRITICAL SUPPORTIVE SERVICES. OUR WORK HAS ENABLED MORE THAN 12,000 PEOPLE TO OVERCOME OR AVOID HOMELESSNESS. BREAKING GROUND DOES PROJECTS IN NYC AND PROVIDES SOCIAL SERVICE PROGRAMS TO TENANTS.
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...
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.
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...
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 OUTREACH
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $31,598,965 | $29,782,334 | +0.1% |
| Expenses | $27,566,109 | $19,907,645 | +0.4% |
| Net Income | $4,032,856 | $9,874,689 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRENDA ROSEN | PRESIDENT & CEO | 12.44 |
Officer
Director
|
$0 | $13,827 | $643,431 |
| MICHAEL FRANCO | CHAIRMAN | 0.58 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID PICKET | DIRECTOR | 0.46 |
Director
|
$0 | $0 | $0 |
| BEN STACKS | TREASURER | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL RYAN | DIRECTOR | 0.38 |
Director
|
$0 | $0 | $0 |
| RICHARD ROBERTS | DIRECTOR | 0.38 |
Director
|
$0 | $0 | $0 |
| NICHOLAS TSANG | SECRETARY | 0.13 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID WALSH | DIRECTOR | 0.45 |
Director
|
$0 | $0 | $0 |
| KARA MCSHANE | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| MICHAEL LASCHER | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| ANNIE TIRSCHWELL | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| PETER EZERSKY | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| KIRK GOODRICH | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| MICHAEL WERNER | DIRECTOR | 0.35 |
Director
|
$0 | $0 | $0 |
| ANDY D'AMICO | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| MARK LEVY | DIRECTOR | 0.23 |
Director
|
$0 | $0 | $0 |
| LOUISE CARROLL | DIRECTOR (AS OF 4/25/2023) | 0.17 |
Director
|
$0 | $0 | $0 |
| KEVIN MORAN | CFO | 12.44 |
Officer
|
$0 | $47,221 | $400,262 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $31,598,965 | $27,566,109 | $214,800,596 | $4,032,856 |
| 2022 | $29,782,334 | $19,907,645 | $208,983,140 | $9,874,689 |
| 2021 | $25,961,669 | $15,677,578 | $193,138,085 | $10,284,091 |
| 2020 | $25,201,657 | $15,793,334 | $184,238,725 | $9,408,323 |
| 2019 | $21,105,622 | $16,075,522 | $172,180,125 | $5,030,100 |
| 2018 | $30,159,358 | $16,986,693 | $177,958,175 | $13,172,665 |
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