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Breaking Ground II Housing Development Fund Corporation

Breaking Ground II Housing Development Fund Corporation

New York, NY 10018
Tax ID13-3846708

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About this organization

Revenue

$30,388,931

Expenses

$1,799,700

Mission

owning, rehabilitating, and managing low-income housing projects that provide social service programs to the tenants residing in the buildings.

About

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.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “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)”.

When discussing its operations, they were characterized as: “Owning, rehabilitating, and managing low-income housing projects that provide social service programs to the tenants residing in the buildings.”.

  • The non-profit's legally reported state of operation is NY.
  • The filing states that the non-profit's address in the year 2020 is 505 EIGHTH AVENUE, NEW YORK, NY, 10018.
  • The form submitted by the non-profit for 2020 shows a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $10,982,124.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 2 independent voting members.
  • The organization was formed in 1995.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $660,399 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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