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Breaking Ground II Housing Development Fund Corporation

Public charity
DBA: % KEVIN MORAN
Other · NEW YORK, NY · EIN 13-3846708

About

Breaking ground II HDFC, INC. ("BG II") was organized on january 26, 1995, under section 402 of the not-for-profit corporation law of the state of new YORK. BG II is a not-for-profit charitable organization exempt from income and description of organization mission: excise taxes under section 501(c)(3)of the internal revenue code. BG II was formed for the charitable purpose of owning, rehabilitating, managing, maintaining and operating low-income housing projects and to provide related social service programs to the tenants residing in the buildings owned by related entities. In addition, BG II may also acquire properties for future development as supportive and low-income housing units.

In care of Kevin Moran

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
0

Financial Snapshot

FY ending 2024-12-31
Revenue
$10.3M
Expenses
$2.1M
Assets
$125.2M
Liabilities
$19.1M

Financial history

$30.4M$15.2M$0
1718192021222324
RevenueExpenses
Latest FY2024: $10.3M · Peak FY2018: $30.4M · Avg: $12.6M
BREAKING GROUND II HOUSING DEVELOPMENT FUND CORPORATION
Your actions

Address

505 Eighth Avenue 5TH Floor
New YORK, NY, 10018-650

Governance

Voting board members5
Independent members2
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.