Breaking Ground
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Breaking Ground meets the 20 Standards for Charity Accountability.
Stated Purpose:
Breaking Ground was established to address homelessness in New York - specifically to aid the chronically homeless - those with the greatest barriers to housing stability and a decent quality of life. Our ultimate goal is to enable this specific population to secure and forever maintain an affordable and safe residence. Breaking Ground's mission is to strengthen individuals, families and communities by developing and sustaining exceptional supportive and affordable housing as well as programs for homeless and other vulnerable New Yorkers.
Year, State Incorporated:
1990, NY
Also Known As:
Common Ground
Breaking Ground operates two complementary programs -first and foremost supportive housing in which chronically homeless individuals can live and receive safety net services in order to overcome their barriers to housing instability, and second street outreach to engage the longest term, most entrenched homeless into affordable housing, whether operate by our agency or a peer nonprofit.
For the year ended December 31, 2023, Breaking Ground's program expenses were:
| Social services | $68,274,848 |
| Housing management and development | $44,123,259 |
| Permanent housing operations | $40,174,878 |
| Total Program Expenses | $152,572,985 |
Chief Executive
Brenda Rosen, President & CEO
Chair of the Board
Michael Franco
Chair's Profession / Business Affiliation
Vornado Realty Trust
Board Size
17
Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Breaking Ground's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Government grants and contracts | $63,663,150 |
| Rental income | $51,016,722 |
| Donor restricted contributions | $9,692,787 |
| Other income | $7,424,283 |
| Contributions | $6,338,321 |
| Development fees | $6,228,610 |
| Management and partnership fees | $528,341 |
| Total Income | $144,892,214 |
Programs: 89% Fundraising: 1% Administrative: 10%
| Total Income | $144,892,214 |
| Total expenses: | $170,971,987 |
| Program expenses | $152,572,985 |
| Fundraising expenses | $1,295,242 |
| Administrative expenses | $17,103,760 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-26,079,773 |
| Beginning Net Assets | $188,109,448 |
| Other Changes In Net Assets | $40,369,268 |
| Ending Net Assets | $202,398,943 |
| Total Liabilities | $852,594,524 |
| Total Assets | $1,054,993,467 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Foundation of Metropolitan New York