Organizations Filed Purposes:
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 (CONTINUED IN SCH. O)
owning, rehabilitating, and managing low-income housing projects that provide social service programs to the tenants residing in the buildings.
Breaking Ground II HDFC'S ("BG II") PRIMARY EXEMPT PURPOSE IS TO OWN, REHABILITATE, MANAGE, MAINTAIN, AND OPERATE HOUSING AND SUPPORTIVE SERVICES FOR LOW INCOME AND FORMERLY HOMELESS TENANTS. BG II's primary residence is the Prince George in Manhattan. Built in 1904, the Prince George was once one of New York City's premier hotels. After many years of decline and neglect, it was rehabilitated by Breaking Ground and reopened in 1999 to provide 416 units of affordable housing for low-income and formerly homeless adults and persons living with HIV/AIDS. The Prince George is now listed on the National Register of Historic Places. Breaking Ground II reports as programmatic revenue certain developer fees received for developing new Breaking Ground housing sites; in 2019, Breaking Ground II earned $10.2M in developer fees related to Edwins Place and Betances Housing.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Nicholas Tsang | director (as of 05/2019) | 0.31 | $0 |
| Ian Shrank | Chairman(thru 05/2019) | 0.31 | $0 |
| Benjamin Stacks | treasurer | 0.12 | $0 |
| Toby Sherman | Secretary | 0.5 | $0 |
| David Beer | Vice President | 0.5 | $0 |
| Kevin Moran | CFO | 5 | $0 |
| Brenda E Rosen | President & CEO | 5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202012529349300051_public.xml