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Nonprofiteer
← COMMON GROUND MANAGEMENT CORPORATION

Form 990 for tax year 2022

Filed by COMMON GROUND MANAGEMENT CORPORATION.

Totals

Total revenue
$58,980,963
Total expenses
$58,538,915
Contributions and grants received
$4,213,439
Grants paid
$13,057
Program service revenue
$53,033,382
Investment income
$0
Other revenue
$1,734,142
Total assets, end of year
$70,310,247
Total liabilities, end of year
$163,279,420
Net assets or fund balances, end of year
-$92,969,173
Program services expenses (Part IX)
$47,874,788
Management and general expenses
$10,664,127
Fundraising expenses
$0
Program service expenses (Part III)
$47,874,788

Program services were 81.8% 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.

  • 1e · Government grants (contributions)

    $4,213,439

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

    total $46,787,099 · related or exempt $46,787,099

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

    total $3,528,949 · related or exempt $3,528,949

  • 2c · Program service revenue: OUTREACH SERVICE INCOME

    total $1,757,588 · related or exempt $1,757,588

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

    total $569,386 · related or exempt $569,386

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

    total $390,360 · related or exempt $390,360

  • 6a · Gross rents

    real property $1,292,189

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,292,189

  • 6d · Net rental income or loss

    total $1,292,189 · excluded $1,292,189

  • 11a · Other revenue: REIMBURSED 3RD PARTY FEES

    total $24,829 · excluded $24,829

  • 11d · All other revenue

    total $417,124 · excluded $417,124

  • 11e · Other revenue, total

    $441,953

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,057 · program services $13,057

  • 5 · Compensation of officers, directors and key employees

    total $1,607,973 · program services $1,188,482 · management and general $419,491

  • 7 · Other salaries and wages

    total $22,977,968 · program services $17,185,216 · management and general $5,792,752

  • 8 · Pension plan contributions

    total $378,339 · program services $210,569 · management and general $167,770

  • 9 · Other employee benefits

    total $2,717,655 · program services $2,834,322 · management and general -$116,667

  • 10 · Payroll taxes

    total $1,679,248 · program services $1,297,893 · management and general $381,355

  • 11a · Fees: management

    total $161,146 · program services $161,146

  • 11b · Fees: legal

    total $320,766 · program services $23,467 · management and general $297,299

  • 11c · Fees: accounting

    total $190,763 · management and general $190,763

  • 11g · Fees: other

    total $569,481 · program services $158,017 · management and general $411,464

  • 12 · Advertising and promotion

    total $56,340 · program services $24,359 · management and general $31,981

  • 13 · Office expenses

    total $640,017 · program services $493,967 · management and general $146,050

  • 14 · Information technology

    total $602,841 · program services $254,374 · management and general $348,467

  • 16 · Occupancy

    total $8,842,710 · program services $7,729,724 · management and general $1,112,986

  • 17 · Travel

    total $56,204 · program services $36,509 · management and general $19,695

  • 19 · Conferences, conventions and meetings

    total $546,028 · program services $329,050 · management and general $216,978

  • 20 · Interest

    total $178,306 · management and general $178,306

  • 22 · Depreciation, depletion and amortization

    total $130,957 · management and general $130,957

  • 23 · Insurance

    total $799,995 · program services $707,639 · management and general $92,356

  • 24a · Other expenses: CLIENT RELATED EXPENSES

    total $6,931,393 · program services $6,800,363 · management and general $131,030

  • 24b · Other expenses: SECURITY EXPENSES

    total $3,013,436 · program services $3,013,436

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $2,520,259 · program services $2,356,945 · management and general $163,314

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

    total $2,065,745 · program services $2,065,745

  • 24e · All other expenses

    total $1,538,288 · program services $990,508 · management and general $547,780

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,076,579 · end of year $7,413,756

  • 4 · Accounts receivable

    beginning of year $16,380,976 · end of year $30,889,024

  • 7 · Other notes and loans receivable

    beginning of year $4,582,447 · end of year $9,536,097

  • 9 · Prepaid expenses and deferred charges

    beginning of year $751,540 · end of year $915,542

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

    $2,662,947

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

    $1,965,337

  • 10c · Land, buildings and equipment, net

    beginning of year $812,385 · end of year $697,610

  • 15 · Other assets

    beginning of year $773,056 · end of year $20,858,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,984,700 · end of year $13,007,377

  • 19 · Deferred revenue

    beginning of year $7,871,279 · end of year $9,566,677

  • 25 · Other liabilities

    beginning of year $110,932,225 · end of year $140,705,366

  • 27 · Net assets without donor restrictions

    beginning of year -$93,411,221 · end of year -$92,969,173

Mission and programs · 2022

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 $21,586,351 · Revenue $21,494,386

  • SEE SCHEDULE O

    Expenses $17,026,818 · Revenue $17,846,013

  • SEE SCHEDULE O

    Expenses $1,664,933 · Revenue $2,736,915

  • Expenses $7,596,686 · Grants $13,057 · Revenue $10,956,067

As filed on the 2022 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
    $600,372
    From this org
    $587,598
    From related orgs
    $0
    Other
    $12,774
    Hours/week
    3.82 + 31.18 related

    Schedule J breakdown matched by us

    Base
    $487,598
    Bonus
    $100,000
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $574
    Filer's total
    $600,372

  • David Beer

    VICE PRESIDENT

    Total calculated
    $350,111
    From this org
    $306,168
    From related orgs
    $0
    Other
    $43,943
    Hours/week
    5.87 + 29.13 related

    Schedule J breakdown matched by us

    Base
    $286,168
    Bonus
    $20,000
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $31,743
    Filer's total
    $350,111

  • Toby Sherman

    SECRETARY, DIRECTOR

    Total calculated
    $275,402
    From this org
    $256,279
    From related orgs
    $0
    Other
    $19,123
    Hours/week
    6.06 + 28.94 related

    Schedule J breakdown matched by us

    Base
    $256,279
    Bonus
    $0
    Other
    $0
    Deferred
    $9,165
    Nontaxable benefits
    $9,958
    Filer's total
    $275,402

  • Nicholas Tsang

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.03 + 0.26 related

  • Benjamin Stacks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.06 + 0.5 related

  • David Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.14 + 0.46 related

  • Michael Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.11 + 0.35 related

  • Kevin Moran

    CFO

    Total calculated
    $382,088
    From this org
    $338,301
    From related orgs
    $0
    Other
    $43,787
    Hours/week
    3.82 + 31.18 related

    Schedule J breakdown matched by us

    Base
    $338,301
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $31,587
    Filer's total
    $382,088

  • Amie Pospisil

    VP, HOPS

    Total calculated
    $348,696
    From this org
    $319,800
    From related orgs
    $0
    Other
    $28,896
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $319,800
    Bonus
    $0
    Other
    $0
    Deferred
    $9,485
    Nontaxable benefits
    $19,411
    Filer's total
    $348,696

  • Michael Rosen

    VP, ASSET MANAGEMENT

    Total calculated
    $276,240
    From this org
    $234,774
    From related orgs
    $0
    Other
    $41,466
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $234,774
    Bonus
    $0
    Other
    $0
    Deferred
    $9,723
    Nontaxable benefits
    $31,743
    Filer's total
    $276,240

  • Jeff Scheuer

    VP, EXTERNAL AFFAIRS

    Total calculated
    $260,116
    From this org
    $239,693
    From related orgs
    $0
    Other
    $20,423
    Hours/week
    8.23 + 26.77 related

    Schedule J breakdown matched by us

    Base
    $239,693
    Bonus
    $0
    Other
    $0
    Deferred
    $9,692
    Nontaxable benefits
    $10,731
    Filer's total
    $260,116

  • Jill Murphy

    CONTROLLER

    Total calculated
    $216,557
    From this org
    $186,035
    From related orgs
    $0
    Other
    $30,522
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $186,035
    Bonus
    $0
    Other
    $0
    Deferred
    $7,669
    Nontaxable benefits
    $22,853
    Filer's total
    $216,557

  • Erin Madden

    VP, PROPERTY MANAGEMENT

    Total calculated
    $220,440
    From this org
    $191,304
    From related orgs
    $0
    Other
    $29,136
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $191,304
    Bonus
    $0
    Other
    $0
    Deferred
    $6,936
    Nontaxable benefits
    $22,200
    Filer's total
    $220,440

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BREAKING GROUND ISSUED BONUSES TO TWO OFFICERS IN CALENDAR YEAR 2022: PRESIDENT & CEO, BRENDA ROSEN, AND VICE PRESIDENT OF HOUSING & REAL ESTATE DEVELOPMENT, DAVID BEER. THE BONUSES WERE AUTHORIZED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS BASED ON BOTH INDIVIDUALS HAVING MET CERTAIN PERFORMANCE BASED OBJECTIVE CRITERIA. THE BOARD'S DECISION-MAKING PROCESS IS MEMORIALIZED IN BOARD COMMITTEE MINUTES.

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 · 100% owned · share of income $7,195 · share of assets $2,593,299 · controlled entity

    Directly controlled by CGM

  • 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

  • 410 COMMON GROUND ASYLUM HTC LLC

    C · REAL ESTATE · NY · 100% owned · share of income $19 · share of assets $1,274,152 · controlled entity

    Directly controlled by CGM

  • COMMON GROUND CEDARWOODS MANAGEMENT LLC

    C · REAL ESTATE · NY · 100% owned · share of income -$46 · share of assets -$469 · controlled entity

    Directly controlled by CGM

  • WEBSTER AVE AFF MANAGING MEMBER LLC

    C · REAL ESTATE · NY

    Directly controlled by BG II HFC

  • COMMON GROUND 410 ASYLUM LIHTC LLC

    C · REAL ESTATE · NY · 100% owned · share of income $9,927 · share of assets $139,853 · 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 · share of income $425,893 · share of assets $445,759 · 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
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202333109349301788

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