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Nonprofiteer
← COMMON GROUND MANAGEMENT CORPORATION

Form 990 for tax year 2023

Filed by COMMON GROUND MANAGEMENT CORPORATION.

Totals

Total revenue
$58,939,172
Total expenses
$66,946,686
Contributions and grants received
$0
Grants paid
$39,830
Program service revenue
$57,894,807
Investment income
-$643,449
Other revenue
$1,687,814
Total assets, end of year
$76,440,825
Total liabilities, end of year
$177,417,513
Net assets or fund balances, end of year
-$100,976,688
Program services expenses (Part IX)
$54,571,362
Management and general expenses
$12,372,324
Fundraising expenses
$3,000
Program service expenses (Part III)
$54,571,362

Program services were 81.5% 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 $49,661,321 · related or exempt $49,661,321

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

    total $4,142,955 · related or exempt $4,142,955

  • 2c · Program service revenue: OUTREACH SERVICE INCOME

    total $2,925,728 · related or exempt $2,925,728

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

    total $709,503 · related or exempt $709,503

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

    total $455,300 · related or exempt $455,300

  • 6a · Gross rents

    real property $1,311,241

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,311,241

  • 6d · Net rental income or loss

    total $1,311,241 · excluded $1,311,241

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

    other assets $643,449

  • 7c · Gain or loss

    other assets -$643,449

  • 7d · Net gain or loss

    total -$643,449 · excluded -$643,449

  • 11a · Other revenue: REFUNDS/REBATES

    total $149,000 · excluded $149,000

  • 11b · Other revenue: SENIOR LIVING RESIDENT FEES

    total $114,279 · excluded $114,279

  • 11c · Other revenue: RENTAL SECURITY DEPOSITS

    total $49,539 · excluded $49,539

  • 11d · All other revenue

    total $63,755 · excluded $63,755

  • 11e · Other revenue, total

    $376,573

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,830 · program services $39,830

  • 5 · Compensation of officers, directors and key employees

    total $1,199,512 · program services $932,189 · management and general $267,323

  • 7 · Other salaries and wages

    total $27,094,661 · program services $21,056,354 · management and general $6,038,307

  • 8 · Pension plan contributions

    total $397,792 · program services $226,151 · management and general $171,641

  • 9 · Other employee benefits

    total $4,160,379 · program services $3,213,974 · management and general $946,405

  • 10 · Payroll taxes

    total $2,078,464 · program services $1,591,639 · management and general $486,825

  • 11a · Fees: management

    total $210,362 · program services $210,362

  • 11b · Fees: legal

    total $495,559 · program services $74,934 · management and general $420,625

  • 11c · Fees: accounting

    total $279,340 · management and general $276,340 · fundraising $3,000

  • 11g · Fees: other

    total $905,322 · program services $315,917 · management and general $589,405

  • 12 · Advertising and promotion

    total $54,048 · program services $19,865 · management and general $34,183

  • 13 · Office expenses

    total $733,363 · program services $546,263 · management and general $187,100

  • 14 · Information technology

    total $855,529 · program services $461,160 · management and general $394,369

  • 16 · Occupancy

    total $9,797,509 · program services $8,809,461 · management and general $988,048

  • 17 · Travel

    total $79,866 · program services $50,889 · management and general $28,977

  • 19 · Conferences, conventions and meetings

    total $614,067 · program services $345,217 · management and general $268,850

  • 20 · Interest

    total $336,894 · management and general $336,894

  • 21 · Payments to affiliates

    total $79,897 · management and general $79,897

  • 23 · Insurance

    total $1,034,898 · program services $927,814 · management and general $107,084

  • 24a · Other expenses: CLIENT RELATED EXPENSES

    total $7,199,774 · program services $7,095,450 · management and general $104,324

  • 24b · Other expenses: SECURITY EXPENSES

    total $3,303,156 · program services $3,303,156

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $2,260,423 · program services $2,088,106 · management and general $172,317

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

    total $2,169,803 · program services $2,169,803

  • 24e · All other expenses

    total $1,566,238 · program services $1,092,828 · management and general $473,410

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,413,756 · end of year $5,538,888

  • 4 · Accounts receivable

    beginning of year $30,889,024 · end of year $34,921,613

  • 7 · Other notes and loans receivable

    beginning of year $9,536,097 · end of year $8,789,343

  • 9 · Prepaid expenses and deferred charges

    beginning of year $915,542 · end of year $1,093,321

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

    $2,751,471

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

    $2,045,234

  • 10c · Land, buildings and equipment, net

    beginning of year $697,610 · end of year $706,237

  • 15 · Other assets

    beginning of year $20,858,218 · end of year $25,391,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,007,377 · end of year $14,040,038

  • 19 · Deferred revenue

    beginning of year $9,566,677 · end of year $11,442,765

  • 25 · Other liabilities

    beginning of year $140,705,366 · end of year $151,934,710

  • 27 · Net assets without donor restrictions

    beginning of year -$92,969,173 · end of year -$100,976,688

Mission and programs · 2023

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 $27,201,184 · Revenue $26,003,483

  • SEE SCHEDULE O

    Expenses $18,150,916 · Revenue $18,682,114

  • SEE SCHEDULE O

    Expenses $2,423,381 · Revenue $2,430,715

  • Expenses $6,795,881 · Grants $39,830 · Revenue $10,778,495

As filed on the 2023 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
    $643,431
    From this org
    $629,604
    From related orgs
    $0
    Other
    $13,827
    Hours/week
    4.41 + 30.59 related

    Schedule J breakdown matched by us

    Base
    $529,604
    Bonus
    $100,000
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $627
    Filer's total
    $643,431

  • DAVID BEER

    VICE PRESIDENT

    Total calculated
    $384,088
    From this org
    $336,867
    From related orgs
    $0
    Other
    $47,221
    Hours/week
    6.85 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $316,867
    Bonus
    $20,000
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $34,021
    Filer's total
    $384,088

  • NICHOLAS TSANG

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.04 + 0.3 related

  • BENJAMIN STACKS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.07 + 0.49 related

  • DAVID WALSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.16 + 0.45 related

  • MICHAEL RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.14 + 0.38 related

  • JUDITH ROSENFELD

    SECRETARY

    Total calculated
    $153,555
    From this org
    $136,282
    From related orgs
    $0
    Other
    $17,273
    Hours/week
    7.09 + 27.91 related

    Schedule J breakdown matched by us

    Base
    $136,282
    Bonus
    $0
    Other
    $0
    Deferred
    $5,591
    Nontaxable benefits
    $11,682
    Filer's total
    $153,555

  • KEVIN MORAN

    CFO

    Total calculated
    $400,262
    From this org
    $353,041
    From related orgs
    $0
    Other
    $47,221
    Hours/week
    4.41 + 30.59 related

    Schedule J breakdown matched by us

    Base
    $353,041
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $34,021
    Filer's total
    $400,262

  • AMIE POSPISIL

    CHIEF OPERATING OFFICER

    Total calculated
    $373,204
    From this org
    $339,910
    From related orgs
    $0
    Other
    $33,294
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $339,910
    Bonus
    $0
    Other
    $0
    Deferred
    $12,131
    Nontaxable benefits
    $21,163
    Filer's total
    $373,204

  • MICHAEL ROSEN

    VP, ASSET MANAGEMENT

    Total calculated
    $309,614
    From this org
    $263,771
    From related orgs
    $0
    Other
    $45,843
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $263,771
    Bonus
    $0
    Other
    $0
    Deferred
    $10,827
    Nontaxable benefits
    $35,016
    Filer's total
    $309,614

  • JEFF SCHEUER

    VP, EXTERNAL AFFAIRS

    Total calculated
    $279,004
    From this org
    $256,942
    From related orgs
    $0
    Other
    $22,062
    Hours/week
    13.65 + 21.35 related

    Schedule J breakdown matched by us

    Base
    $256,942
    Bonus
    $0
    Other
    $0
    Deferred
    $10,380
    Nontaxable benefits
    $11,682
    Filer's total
    $279,004

  • ERIN MADDEN

    VP, PROPERTY MANAGEMENT

    Total calculated
    $235,991
    From this org
    $202,728
    From related orgs
    $0
    Other
    $33,263
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $202,728
    Bonus
    $0
    Other
    $0
    Deferred
    $8,348
    Nontaxable benefits
    $24,915
    Filer's total
    $235,991

  • KEZIA FISHER

    VP, PROPERTY MANAGEMENT

    Total calculated
    $258,160
    From this org
    $246,607
    From related orgs
    $0
    Other
    $11,553
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $246,607
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,553
    Filer's total
    $258,160

  • PAMELA ROBINSON

    VP, HUMAN RESOURCES

    Total calculated
    $215,126
    From this org
    $195,381
    From related orgs
    $0
    Other
    $19,745
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $195,381
    Bonus
    $0
    Other
    $0
    Deferred
    $8,063
    Nontaxable benefits
    $11,682
    Filer's total
    $215,126

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 2023: 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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413119349302666

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