BREAKING GROUND IV HOUSING DEVELOPMENT FUND CORPORATION (EIN 134196931) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

BRENDA ROSEN

Phone

2123899300

Tax Period

2023-01-01 to 2023-12-31

BREAKING GROUND IV HOUSING DEVELOPMENT FUND CORPORATION, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

OPERATION OF THE ANDREWS HOUSING PROJECT FOR THE BENEFIT OF HOMELESS AND LOW-INCOME ADULTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,130,458

Investment Income $0

Other Revenue $202

TOTAL REVENUE $6,130,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,001,478

Fundraising Expenses $0

Program Expenses $4,954,833

Other Expenses $3,701,938

TOTAL EXPENSES $6,703,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,130,660	$5,156,679	+0.2%
Expenses	$6,703,416	$5,644,192	+0.2%
Net Income	$-572,756	$-487,513	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,427,781

Total Directors

$1,181,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA E ROSEN	PRESIDENT & CEO	0.65	Officer Director	$0	$13,827	$643,431
DAVID BEER	SECRETARY	1.02	Officer Director	$0	$47,221	$384,088
BENJAMIN STACKS	CHAIRMAN & TREASURER	0.01	Officer Director	$0	$0	$0
NICHOLAS TSANG	DIRECTOR	0.01	Officer Director	$0	$0	$0
JUDITH ROSENFELD	DIRECTOR	1.05	Director	$0	$17,273	$153,555
KEVIN MORAN	CFO	0.65	Officer	$0	$47,221	$400,262

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$6,130,660	$6,703,416	$15,946,035	$-572,756
2022	$5,156,679	$5,644,192	$13,051,730	$-487,513
2021	$3,976,423	$4,752,704	$11,967,380	$-776,281
2020	$4,219,542	$5,048,689	$12,970,967	$-829,147
2019	$4,470,705	$4,868,077	$14,327,973	$-397,372
2018	$3,687,839	$4,237,884	$13,640,548	$-550,045

BREAKING GROUND IV HOUSING DEVELOPMENT FUND CORPORATION