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Breaking Ground Ii Housing Development Fund Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.95M (2022)

Expenses
$3.33M (2022)

Total Assets
$113M (2022)

Total Liabilities
$18.3M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,951,175
Expenses
$3,331,378
Net Income
-$1,380,203
Net Assets
$95,032,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,435,338
73.6%
Investment Income $148,053
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $185,045
9.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $182,739
9.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $432,183
13.0%
Assets/Debt
Total Assets $113,381,926
Total Liabilities $18,349,336
Net Assets $95,032,590
Compensation
Key Employees and Officers Compensation Related Other
Brenda E Rosen (President & Ceo) $0 $587,598 $12,774
David Beer (Vice President) $0 $306,168 $43,943
Toby Sherman (Secretary) $0 $256,279 $19,123
Benjamin Stacks (Treasurer) $0 $0 $0
Nicholas Tsang (Director) $0 $0 $0
Kevin Moran (Cfo) $0 $338,301 $43,787

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,680,382
Expenses
$2,429,499
Net Income
$3,250,883
Net Assets
$96,412,793
Notable Sources of Revenue Percent of Total Revenue
Contributions $433,842
7.6%
Program Services $4,345,365
76.5%
Investment Income $147,638
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $415,752
7.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $337,785
5.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $442,669
18.2%
Assets/Debt
Total Assets $109,976,012
Total Liabilities $13,563,219
Net Assets $96,412,793
Compensation
Key Employees and Officers Compensation Related Other
Brenda E Rosen (President & Ceo) $0 $601,378 $12,164
David Beer (Vice President) $0 $283,483 $41,130
Toby Sherman (Secretary) $0 $224,833 $14,702
Benjamin Stacks (Treasurer) $0 $0 $0
Nicholas Tsang (Director) $0 $0 $0
Kevin Moran (Cfo) $0 $322,172 $39,354

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,746,551
Expenses
$2,291,966
Net Income
$9,454,585
Net Assets
$93,161,910
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,343,425
88.1%
Investment Income $148,921
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $675,185
5.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $579,020
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $424,561
18.5%
Assets/Debt
Total Assets $106,119,684
Total Liabilities $12,957,774
Net Assets $93,161,910
Compensation
Key Employees and Officers Compensation Related Other
Brenda E Rosen (President & Ceo) $0 $573,519 $15,888
David Beer (Vice President) $0 $274,198 $41,085
Toby Sherman (Secretary) $0 $218,022 $14,836
Benjamin Stacks (Treasurer) $0 $0 $0
Nicholas Tsang (Director) $0 $0 $0
Kevin Moran (Cfo) $0 $316,797 $40,398

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,025,236
Expenses
$2,043,112
Net Income
$10,982,124
Net Assets
$83,707,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,965,949
91.9%
Investment Income $154,711
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $614,923
4.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $289,653
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $519,953
25.4%
Assets/Debt
Total Assets $94,336,155
Total Liabilities $10,628,830
Net Assets $83,707,325
Compensation
Key Employees and Officers Compensation Related Other
Brenda E Rosen (President & Ceo) $0 $470,067 $13,028
Kevin Moran (Cfo) $0 $312,953 $35,087
David Beer (Vice President) $0 $268,978 $37,772
Toby Sherman (Secretary) $0 $211,713 $16,711
Benjamin Stacks (Treasurer) $0 $0 $0
Ian Shrank (Chairman(thru 05/2019)) $0 $0 $0
Nicholas Tsang (Director (As Of 05/2019)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,388,931
Expenses
$1,799,700
Net Income
$28,589,231
Net Assets
$72,725,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,330,704
30.7%
Investment Income $153,907
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,691,025
68.1%
Net Inventory Sales $0
Other Revenue $213,295
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $506,313
28.1%
Assets/Debt
Total Assets $82,347,625
Total Liabilities $9,622,424
Net Assets $72,725,201
Compensation
Key Employees and Officers Compensation Related Other
Brenda E Rosen (President & Ceo) $0 $381,192 $14,205
Toby Sherman (Secretary) $0 $199,716 $19,152
Robert Sideli (Chairman (Thru 03/2018)) $0 $0 $0
David Beer (Vice President) $0 $249,607 $35,785
Benjamin Stacks (Treasurer) $0 $0 $0
Ian Shrank (Chairman(as Of 03/2018)) $0 $0 $0
Kevin Moran (Cfo) $0 $286,218 $33,477

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,107,454
Expenses
$1,965,929
Net Income
$5,141,525
Net Assets
$44,135,970
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,649,035
23.2%
Program Services $5,064,812
71.3%
Investment Income $137,889
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $255,718
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $439,111
22.3%
Assets/Debt
Total Assets $67,334,194
Total Liabilities $23,198,224
Net Assets $44,135,970
Compensation
Key Employees and Officers Compensation Related Other
Brenda E Rosen (President & Ceo) $0 $347,409 $13,837
Toby Sherman (Secretary) $0 $196,654 $9,172
Robert Sideli (Chairman) $0 $0 $0
David Beer (Vice President) $0 $215,926 $16,129
Benjamin Stacks (Treasurer) $0 $0 $0
Kevin Moran (Cfo) $0 $263,602 $12,324

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,720,451
Expenses
$1,763,558
Net Income
$3,956,893
Net Assets
$38,982,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,671,007
29.2%
Program Services $3,741,059
65.4%
Investment Income $94,512
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $213,873
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $390,911
22.2%
Assets/Debt
Total Assets $57,913,558
Total Liabilities $18,931,218
Net Assets $38,982,340

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,914,947
Expenses
$1,656,140
Net Income
$2,258,807
Net Assets
$35,025,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,571,141
40.1%
Program Services $1,806,304
46.1%
Investment Income $110,512
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $426,990
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $341,538
20.6%
Assets/Debt
Total Assets $48,530,359
Total Liabilities $13,504,912
Net Assets $35,025,447
Compensation
Key Employees and Officers Compensation Related Other
James Rubin (Chairman (Thru 6/2015)) $0 $0 $0
Brenda E Rosen (President & Ceo) $0 $280,279 $13,857
Toby Sherman (Secretary (As Of 6/2015)) $0 $186,557 $11,302
Christopher Frissora (Treasurer) $0 $0 $0
Robert Sideli (Secretary (As Of 6/2015)) $0 $0 $0
Peter Ezersky (Board Member (Thru 3/2015)) $0 $0 $0
David Beer (Vice President (As Of 6/2015)) $0 $193,525 $14,965
Kevin Moran (Cfo) $0 $246,912 $7,595

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,699,760
Expenses
$2,284,673
Net Income
$3,415,087
Net Assets
$32,784,304
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,067,468
36.3%
Program Services $3,904,188
68.5%
Investment Income -$909,610
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $637,714
11.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $265,503
11.6%
Assets/Debt
Total Assets $42,498,567
Total Liabilities $9,714,263
Net Assets $32,784,304
Compensation
Key Employees and Officers Compensation Related Other
James Rubin (Chairman) $0 $0 $0
Brenda E Rosen (President & Ceo) $0 $284,381 $13,894
Toby Sherman (Board Member/Director Of Hr) $0 $174,323 $24,467
Bruce Angiolillo (Secretary (Thru 12/14/14)) $0 $0 $0
Ellen Taus (Treasurer (Thru 12/14/14)) $0 $0 $0
Christopher Frissora (Treasurer (As Of 12/14/14)) $0 $0 $0
Robert Sideli (Secretary (As Of 12/14/14)) $0 $0 $0
John A Mckegney (Cfo (Thru 7/2014)) $0 $105,064 $148
Kevin Moran (Cfo (As Of 7/2014)) $0 $89,875 $5,359

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,825,855
Expenses
$2,719,837
Net Income
$106,018
Net Assets
$29,349,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,103,878
74.5%
Program Services $219,782
7.8%
Investment Income $93,058
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $409,137
14.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,882,573
Total Liabilities $10,533,279
Net Assets $29,349,294
Compensation
Key Employees and Officers Compensation Related Other
Brenda Rosen (Executive Director/Board Member) $0 $257,034 $14,139
Bruce Angiolillo (Secretary) $0 $0 $0
Ellen Taus (Treasurer) $0 $0 $0
James Rubin (President/Chair) $0 $0 $0
Toby Sherman (Board Member/Director Of Hr) $0 $156,287 $25,388
John A Mckegney (Cfo) $0 $247,849 $16,288

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,770,905
Expenses
$1,543,731
Net Income
$227,174
Net Assets
$29,243,276
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,301,223
73.5%
Program Services $14,616
0.8%
Investment Income $91,599
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $363,467
20.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,055,076
Total Liabilities $9,811,800
Net Assets $29,243,276

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,533,922
Expenses
$1,068,127
Net Income
$3,465,795
Net Assets
$29,058,492
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,529,862
33.7%
Program Services $2,849,742
62.9%
Investment Income $154,318
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $180,504
16.9%
Assets/Debt
Total Assets $37,452,569
Total Liabilities $8,394,077
Net Assets $29,058,492

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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