Breaking Ground Ii Housing Development Fund Corporation
Breaking Ground Ii Housing Development Fund Corporation consistently generates significant revenue surpluses, accumulating substantial assets for housing initiatives.
EIN: 133846708 · New York, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.3M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $97.9M |
| Transparency Score | 90/100 |
Is Breaking Ground Ii Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Breaking Ground Ii Housing Development Fund Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Breaking Ground Ii Housing Development Fund Corporation
Breaking Ground Ii Housing Development Fund Corporation (EIN: 133846708) is a nonprofit organization based in New York, NY, classified under NTEE code L20. The organization reported total revenue of $11.3M and total assets of $125.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breaking Ground Ii Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breaking Ground Ii Housing Development Fund Corporation is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $115.7M |
| Total Liabilities | $17.9M |
| Net Assets | $97.9M |
| Operating Margin | 58.3% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 687.5 months |
Financial Health Grade: A
In 2023, Breaking Ground Ii Housing Development Fund Corporation reported a surplus of $2.8M with revenue exceeding expenses, holds 687.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Breaking Ground Ii Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +148.4% | -39.4% | +2.1% |
| 2022 | -65.7% | +37.1% | +3.1% |
| 2021 | -51.6% | +6.0% | +3.6% |
| 2020 | -9.8% | +12.2% | +12.5% |
| 2019 | -57.1% | +13.5% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Breaking Ground Ii Housing Development Fund Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Breaking Ground Ii Housing Development Fund Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through a related entity, which is a strong positive for resource allocation directly to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Breaking Ground Ii Housing Development Fund Corporation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Breaking Ground Ii Housing Development Fund Corporation:
- Consistent and significant asset growth over a decade
- Revenues consistently exceed expenses, indicating strong financial management
- 0% reported officer compensation, demonstrating commitment to mission-focused spending
- Strong financial stability with over $125 million in assets
- Consistent IRS 990 filing history, indicating good transparency practices
Frequently Asked Questions about Breaking Ground Ii Housing Development Fund Corporation
Is Breaking Ground Ii Housing Development Fund Corporation a legitimate charity?
Breaking Ground Ii Housing Development Fund Corporation (EIN: 133846708) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Breaking Ground Ii Housing Development Fund Corporation spend its money?
Breaking Ground Ii Housing Development Fund Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Breaking Ground Ii Housing Development Fund Corporation tax-deductible?
Breaking Ground Ii Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133846708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Breaking Ground Ii Housing Development Fund Corporation's spending goes to programs?
Breaking Ground Ii Housing Development Fund Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Breaking Ground Ii Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Breaking Ground Ii Housing Development Fund Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Breaking Ground Ii Housing Development Fund Corporation located?
Breaking Ground Ii Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133846708. It is classified under NTEE code L20.
How many years of IRS 990 filings does Breaking Ground Ii Housing Development Fund Corporation have?
Breaking Ground Ii Housing Development Fund Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.3M in total revenue.
Is Breaking Ground Ii Housing Development Fund Corporation financially stable?
Yes, the organization is highly financially stable, consistently reporting revenues significantly exceeding expenses and accumulating substantial assets, reaching over $125 million.
How does Breaking Ground Ii Housing Development Fund Corporation manage its executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly efficient and mission-focused approach to executive pay.
What is the trend in the organization's assets?
Assets have shown consistent and significant growth over the past decade, increasing from $42,498,567 in 2014 to $125,161,803 currently, indicating strong financial health and capacity.
Does the organization spend efficiently?
Based on the large difference between revenue and expenses, the organization appears to spend very efficiently, retaining significant funds for asset growth and future program development.
Filing History
IRS 990 filing history for Breaking Ground Ii Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Breaking Ground Ii Housing Development Fund Corporation's revenue has grown by 6.9%, moving from $4.5M to $4.8M. Total assets increased by 209% over the same period, from $37.5M to $115.7M. Total functional expenses rose by 89.1%, from $1.1M to $2.0M. In its most recent filing year (2023), Breaking Ground Ii Housing Development Fund Corporation reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $17.9M in liabilities against $115.7M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $97.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $2.0M | $115.7M | $17.9M | — | — |
| 2022 | $2.0M | $3.3M | $113.4M | $18.3M | — | View 990 |
| 2021 | $5.7M | $2.4M | $110.0M | $13.6M | — | View 990 |
| 2020 | $11.7M | $2.3M | $106.1M | $13.0M | — | View 990 |
| 2019 | $13.0M | $2.0M | $94.3M | $10.6M | — | View 990 |
| 2018 | $30.4M | $1.8M | $82.3M | $9.6M | — | View 990 |
| 2017 | $7.1M | $2.0M | $67.3M | $23.2M | — | View 990 |
| 2016 | $5.7M | $1.8M | $57.9M | $18.9M | — | View 990 |
| 2015 | $3.9M | $1.7M | $48.5M | $13.5M | — | View 990 |
| 2014 | $5.7M | $2.3M | $42.5M | $9.7M | — | View 990 |
| 2013 | $2.8M | $2.7M | $39.9M | $10.5M | — | View 990 |
| 2012 | $1.8M | $1.5M | $39.1M | $9.8M | — | View 990 |
| 2011 | $4.5M | $1.1M | $37.5M | $8.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $2.0M, and assets of $115.7M (revenue +148.4% year-over-year).
- 2022: Revenue of $2.0M, expenses of $3.3M, and assets of $113.4M (revenue -65.7% year-over-year).
- 2021: Revenue of $5.7M, expenses of $2.4M, and assets of $110.0M (revenue -51.6% year-over-year).
- 2020: Revenue of $11.7M, expenses of $2.3M, and assets of $106.1M (revenue -9.8% year-over-year).
- 2019: Revenue of $13.0M, expenses of $2.0M, and assets of $94.3M (revenue -57.1% year-over-year).
- 2018: Revenue of $30.4M, expenses of $1.8M, and assets of $82.3M (revenue +327.6% year-over-year).
- 2017: Revenue of $7.1M, expenses of $2.0M, and assets of $67.3M (revenue +24.2% year-over-year).
- 2016: Revenue of $5.7M, expenses of $1.8M, and assets of $57.9M (revenue +46.1% year-over-year).
- 2015: Revenue of $3.9M, expenses of $1.7M, and assets of $48.5M (revenue -31.3% year-over-year).
- 2014: Revenue of $5.7M, expenses of $2.3M, and assets of $42.5M (revenue +101.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.7M, and assets of $39.9M (revenue +59.6% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.5M, and assets of $39.1M (revenue -60.9% year-over-year).
- 2011: Revenue of $4.5M, expenses of $1.1M, and assets of $37.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breaking Ground Ii Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Breaking Ground Ii Housing Development Fund Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.