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← BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$31,598,965
Total expenses
$27,566,109
Contributions and grants received
$16,460,052
Grants paid
$0
Program service revenue
$13,591,770
Investment income
$1,147,386
Other revenue
$399,757
Total assets, end of year
$214,800,596
Total liabilities, end of year
$67,859,570
Net assets or fund balances, end of year
$146,941,026
Program services expenses (Part IX)
$24,241,025
Management and general expenses
$2,029,842
Fundraising expenses
$1,295,242
Program service expenses (Part III)
$24,241,025

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRENDA ROSEN

    PRESIDENT & CEO

    Total calculated
    $643,431
    From this org
    $0
    From related orgs
    $629,604
    Other
    $13,827
    Hours/week
    12.44 + 22.56 related

    Schedule J breakdown matched by us

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

  • MICHAEL FRANCO

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.58

  • DAVID PICKET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.46

  • BEN STACKS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.36 related

  • MICHAEL RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38 + 0.14 related

  • RICHARD ROBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • NICHOLAS TSANG

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.13 + 0.22 related

  • DAVID WALSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.45 + 0.16 related

  • KARA MCSHANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MICHAEL LASCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • ANNIE TIRSCHWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • PETER EZERSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • KIRK GOODRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MICHAEL WERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35

  • ANDY D'AMICO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • MARK LEVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • LOUISE CARROLL

    DIRECTOR (AS OF 4/25/2023)

    Total calculated
    $0
    Hours/week
    0.17

  • KEVIN MORAN

    CFO

    Total calculated
    $400,262
    From this org
    $0
    From related orgs
    $353,041
    Other
    $47,221
    Hours/week
    12.44 + 22.56 related

    Schedule J breakdown matched by us

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

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

No itemized grants to organizations 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
202443119349302144

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