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Nonprofiteer
← COMMON GROUND MANAGEMENT CORPORATION

Form 990 for tax year 2024

Filed by COMMON GROUND MANAGEMENT CORPORATION.

Totals

Total revenue
$71,323,952
Total expenses
$81,163,510
Contributions and grants received
$0
Grants paid
$28,296
Program service revenue
$70,244,884
Investment income
-$151,509
Other revenue
$1,230,577
Total assets, end of year
$94,007,732
Total liabilities, end of year
$204,823,978
Net assets or fund balances, end of year
-$110,816,246
Program services expenses (Part IX)
$64,058,442
Management and general expenses
$17,105,068
Fundraising expenses
$0
Program service expenses (Part III)
$64,058,442

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TENANT HOUSING (GOV'T CONTRACTS)

    total $61,747,026 · related or exempt $61,747,026

  • 2b · Program service revenue: MANAGEMENT AND PARTNERSHIP FEES

    total $4,455,742 · related or exempt $4,455,742

  • 2c · Program service revenue: OUTREACH SERVICE INCOME

    total $3,532,633 · related or exempt $3,532,633

  • 2d · Program service revenue: LOW INCOME HOUSING RENTAL INCOME

    total $322,283 · related or exempt $322,283

  • 2e · Program service revenue: LOW INCOME HOUSING CONSULTING FEE

    total $187,200 · related or exempt $187,200

  • 3 · Investment income

    total $274,766 · excluded $274,766

  • 6a · Gross rents

    real property $796,380

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $796,380

  • 6d · Net rental income or loss

    total $796,380 · excluded $796,380

  • 7b · Less cost or other basis and sales expenses

    other assets $426,275

  • 7c · Gain or loss

    other assets -$426,275

  • 7d · Net gain or loss

    total -$426,275 · excluded -$426,275

  • 10a · Gross sales of inventory

    $120,579

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $120,579 · excluded $120,579

  • 11a · Other revenue: REFUNDS/REBATES

    total $175,000 · excluded $175,000

  • 11d · All other revenue

    total $138,618 · excluded $138,618

  • 11e · Other revenue, total

    $313,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,296 · program services $28,296

  • 5 · Compensation of officers, directors and key employees

    total $1,341,138 · program services $996,475 · management and general $344,663

  • 7 · Other salaries and wages

    total $33,467,689 · program services $24,866,730 · management and general $8,600,959

  • 8 · Pension plan contributions

    total $459,802 · program services $214,817 · management and general $244,985

  • 9 · Other employee benefits

    total $5,245,474 · program services $3,748,703 · management and general $1,496,771

  • 10 · Payroll taxes

    total $2,576,640 · program services $1,863,865 · management and general $712,775

  • 11a · Fees: management

    total $158,804 · program services $158,804

  • 11b · Fees: legal

    total $672,733 · program services $49,017 · management and general $623,716

  • 11c · Fees: accounting

    total $208,041 · management and general $208,041

  • 11g · Fees: other

    total $1,514,096 · program services $233,672 · management and general $1,280,424

  • 12 · Advertising and promotion

    total $46,121 · program services $15,447 · management and general $30,674

  • 13 · Office expenses

    total $698,394 · program services $497,737 · management and general $200,657

  • 14 · Information technology

    total $943,019 · program services $339,187 · management and general $603,832

  • 16 · Occupancy

    total $12,470,065 · program services $11,437,867 · management and general $1,032,198

  • 17 · Travel

    total $74,185 · program services $36,426 · management and general $37,759

  • 19 · Conferences, conventions and meetings

    total $598,754 · program services $270,843 · management and general $327,911

  • 20 · Interest

    total $427,137 · management and general $427,137

  • 22 · Depreciation, depletion and amortization

    total $50,319 · management and general $50,319

  • 23 · Insurance

    total $1,225,091 · program services $1,071,742 · management and general $153,349

  • 24a · Other expenses: CLIENT RELATED EXPENSES

    total $8,216,750 · program services $8,031,815 · management and general $184,935

  • 24b · Other expenses: SECURITY EXPENSES

    total $3,896,626 · program services $3,896,626

  • 24c · Other expenses: MED/PSYCH SVC FOR RES.

    total $2,927,181 · program services $2,927,181

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $2,512,592 · program services $2,348,980 · management and general $163,612

  • 24e · All other expenses

    total $1,404,563 · program services $1,024,212 · management and general $380,351

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,538,888 · end of year $5,188,384

  • 4 · Accounts receivable

    beginning of year $34,921,613 · end of year $39,937,821

  • 7 · Other notes and loans receivable

    beginning of year $8,789,343 · end of year $8,889,343

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,093,321 · end of year $1,574,500

  • 10a · Land, buildings and equipment: cost or other basis

    $2,751,472

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,095,554

  • 10c · Land, buildings and equipment, net

    beginning of year $706,237 · end of year $655,918

  • 15 · Other assets

    beginning of year $25,391,423 · end of year $37,761,766

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,040,038 · end of year $18,462,687

  • 19 · Deferred revenue

    beginning of year $11,442,765 · end of year $17,877,367

  • 25 · Other liabilities

    beginning of year $151,934,710 · end of year $168,483,924

  • 27 · Net assets without donor restrictions

    beginning of year -$100,976,688 · end of year -$110,816,246

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO ACT AS THE CENTRAL DISBURSEMENT UNIT FOR BREAKING GROUND AND ITS AFFILIATED ENTITIES.

  • SEE SCHEDULE O

    Expenses $37,433,183 · Revenue $37,925,583

  • SEE SCHEDULE O

    Expenses $18,535,993 · Revenue $18,649,652

  • SEE SCHEDULE O

    Expenses $2,069,144 · Revenue $1,845,088

  • Expenses $6,020,122 · Grants $28,296 · Revenue $11,824,561

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brenda E Rosen

    PRESIDENT & CEO

    Total calculated
    $656,013
    From this org
    $641,542
    From related orgs
    $0
    Other
    $14,471
    Hours/week
    4.2 + 30.8 related

    Schedule J breakdown matched by us

    Base
    $641,542
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $671
    Filer's total
    $656,013

  • David Beer

    VICE PRESIDENT

    Total calculated
    $384,032
    From this org
    $333,921
    From related orgs
    $0
    Other
    $50,111
    Hours/week
    5.99 + 29.01 related

    Schedule J breakdown matched by us

    Base
    $333,921
    Bonus
    $0
    Other
    $0
    Deferred
    $13,680
    Nontaxable benefits
    $36,431
    Filer's total
    $384,032

  • Nicholas Tsang

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.05 + 0.35 related

  • Benjamin Stacks

    TREASURER

    Total calculated
    $0
    Hours/week
    0.04 + 0.32 related

  • David Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.14 + 0.36 related

  • Michael Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.18 + 0.45 related

  • Judith Rosenfeld

    SECRETARY

    Total calculated
    $161,031
    From this org
    $142,608
    From related orgs
    $0
    Other
    $18,423
    Hours/week
    6.3 + 28.7 related

    Schedule J breakdown matched by us

    Base
    $142,608
    Bonus
    $0
    Other
    $0
    Deferred
    $5,914
    Nontaxable benefits
    $12,509
    Filer's total
    $161,031

  • Kevin Moran

    CFO

    Total calculated
    $415,906
    From this org
    $365,675
    From related orgs
    $0
    Other
    $50,231
    Hours/week
    4.2 + 30.8 related

    Schedule J breakdown matched by us

    Base
    $365,675
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $36,431
    Filer's total
    $415,906

  • Amie Pospisil

    CHIEF OPERATING OFFICER

    Total calculated
    $390,551
    From this org
    $355,159
    From related orgs
    $0
    Other
    $35,392
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $355,159
    Bonus
    $0
    Other
    $0
    Deferred
    $12,731
    Nontaxable benefits
    $22,661
    Filer's total
    $390,551

  • Michael Rosen

    VP, ASSET MANAGEMENT

    Total calculated
    $329,259
    From this org
    $281,205
    From related orgs
    $0
    Other
    $48,054
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $281,205
    Bonus
    $0
    Other
    $0
    Deferred
    $11,692
    Nontaxable benefits
    $36,362
    Filer's total
    $329,259

  • Jeff Scheuer

    VP, EXTERNAL AFFAIRS

    Total calculated
    $290,755
    From this org
    $267,394
    From related orgs
    $0
    Other
    $23,361
    Hours/week
    13.65 + 21.35 related

    Schedule J breakdown matched by us

    Base
    $267,394
    Bonus
    $0
    Other
    $0
    Deferred
    $10,852
    Nontaxable benefits
    $12,509
    Filer's total
    $290,755

  • Erin Madden

    VP, PROPERTY MANAGEMENT

    Total calculated
    $239,645
    From this org
    $216,465
    From related orgs
    $0
    Other
    $23,180
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,465
    Bonus
    $0
    Other
    $0
    Deferred
    $8,812
    Nontaxable benefits
    $14,368
    Filer's total
    $239,645

  • Pamela Robinson

    VP, HUMAN RESOURCES

    Total calculated
    $228,839
    From this org
    $207,760
    From related orgs
    $0
    Other
    $21,079
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $207,760
    Bonus
    $0
    Other
    $0
    Deferred
    $8,570
    Nontaxable benefits
    $12,509
    Filer's total
    $228,839

  • Kezia Fisher

    VP, PROPERTY MANAGEMENT

    Total calculated
    $270,252
    From this org
    $257,880
    From related orgs
    $0
    Other
    $12,372
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $257,880
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,372
    Filer's total
    $270,252

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BREAKING GROUND VI LLC

    HOUSING · NY · income $0 · assets $0

    Directly controlled by CGM

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PRINCE GEORGE ASSOCIATES LP

    NONE · REAL ESTATE · NY

    Directly controlled by BG II

  • CHELSEA RESIDENCE LP

    NONE · REAL ESTATE · NY

    Directly controlled by BG III

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHELSEA GP CORPORATION

    C · REAL ESTATE · NY

    Directly controlled by BG III HDFC

  • PRINCE GEORGE GP CORPORATION

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • CG HEGEMAN AVE HOUSING CORP

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • CG BROOK AVE HOUSING CORPORATION

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • PITT STREET HOUSING CORP

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • ST MARKS SENIOR HOUSING CORPORATION

    C · REAL ESTATE · NY

    Directly controlled by BG HDFC

  • 1630 DEWEY AVENUE MANAGING MEMBER

    C · REAL ESTATE · NY · share of income $44 · share of assets $2,593,207 · controlled entity

    Directly controlled by BG II HDFC

  • SCHERMERHORN HOUSING CORP

    C · REAL ESTATE · NY

    Directly controlled by BG HDFC

  • CG-BOSTON ROAD HOUSING CORP

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • CG-WEBSTER AVENUE SUPPORTIVE HOUSING

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • COMMON GROUND 410 ASYLUM HTC LLC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CGM

  • COMMON GROUND CEDARWOODS MANAGEMENT LLC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CGM

  • WEBSTER AVE AFF MANAGING MEMBER LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • COMMON GROUND 410 ASYLUM LIHTC LLC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CGM

  • LA CENTRAL SUPPORTING HOUSING LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • BREAKING GROUND V

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CGM

  • WEBSTER AVENUE AFFORDABLE DEVELOPER LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • LA CENTRAL SUPPORTIVE DEVELOPER LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • EDWINS PLACE DEVELOPER LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • EDWINS PLACE HOUSING LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • BG BETANCES HOUSING LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

  • BG SUTPHIN LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HDFC

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503119349302330

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