BREAKING GROUND III HDFC
505 EIGHTH AVENUE, NEW YORK, NY 10018 www.breakingground.org

Total Revenue
$299,359
Total Expenses
$301,459
Net Assets
$-24,524

Organizations Filed Purposes: BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION ("BG III") WAS ORGANIZED ON OCTOBER 24, 2000 UNDER SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NY. BG III IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION EXEMPT FROM INCOME AND EXCISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BG III WAS FORMED FOR THE CHARITABLE PURPOSE OF OPERATING A HOUSING PROJECT AT 202 WEST 24TH STREET, NEW YORK CITY, A BUILDING THAT WAS PURCHASED THROUGH A LOAN FROM THE CITY OF NEW YORK DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT, WHICH PROVIDES HOUSING AND SOCIAL SERVICES TO QUALIFYING YOUNG ADULTS, FORMERLY HOMELESS AND LOW-INCOME SINGLE ADULTS.

Operation of a housing project to provide housing, access to job training and employment services to eligible young adults, formerly homeless & low income single adults.

BREAKING GROUND III HOUSING DEVELOPMENT FUND CORPORATION (BG III) WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING AND OPERATING A SUPPORTIVE HOUSING PROJECT CALLED THE CHRISTOPHER AT 202 WEST 24TH STREET, NEW YORK CITY. THE HOUSING PROJECT PROVIDES HOUSING AND EMPLOYMENT SERVICES TO QUALIFYING YOUNG ADULTS WHO ARE FORMERLY HOMELESS, AND TO LOW INCOME SINGLE ADULTS. Built originally in 1904, The Christopher is the site of the former Robert McBurney YMCA, and was an important fixture in Manhattan's vibrant Chelsea neighborhood. Rehabilitated by Breaking Ground in 2004, The Christopher provides 166 units of permanent supportive housing for low-income or formerly homeless adults and persons living with HIV/AIDS. The Christopher also houses the Foyer Program, a 40 BED housing-based career development program targeting young adults ages 18-24 who are "aging out" of foster care or already homeless. Good Shepherd Services provides education, career and other assistance to residents of the Foyer Program which are specifically tailored to the circumstances of young adults preparing for independence.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kevin MoranCFO5$0
Ian ShrankCHAIRMAN (AS OF 03/2018)0.31$0
David BeerSecretary0.5$0
Benjamin StacksTREASURER0.12$0
Robert Sidelichairman (thru 03/2018)0.31$0
Brenda E RosenPresident & CEO5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201903169349306405_public.xml