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BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION

Company Details

Name: BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
Jurisdiction: New York
Legal type: DOMESTIC NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 11 Oct 1990 (35 years ago)
Entity Number: 1480695
ZIP code: 10018
County: New York
Place of Formation: New York
Address: 505 EIGHTH AVENUE, 5TH FLOOR, NEW YORK, NY, United States, 10018

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 505 EIGHTH AVENUE, 5TH FLOOR, NEW YORK, NY, United States, 10018

History

Start date End date Type Value
2009-05-08 2015-11-24 Address 505 EIGHTH AVENUE, 15TH FLOOR, NEW YORK, NY, 10018, USA (Type of address: Service of Process)
1991-02-28 2015-11-24 Name COMMON GROUND COMMUNITY HOUSING DEVELOPMENT FUND CORPORATION, INC.
1990-10-11 1991-02-28 Name COMMON GROUND COMMUNITY, INC.
1990-10-11 2009-05-08 Address 1919 54TH STREET, BROOKLYN, NY, 11204, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
151124000498 2015-11-24 CERTIFICATE OF AMENDMENT 2015-11-24
090508000161 2009-05-08 CERTIFICATE OF AMENDMENT 2009-05-08
910228000339 1991-02-28 CERTIFICATE OF AMENDMENT 1991-02-28
901011000196 1990-10-11 CERTIFICATE OF INCORPORATION 1990-10-11

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
11-3048002 Corporation Unconditional Exemption 505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018-6550 1991-03
In Care of Name % KEVIN MORAN
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-12
Asset 50,000,000 to greater
Income 10,000,000 to 49,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 214800596
Income Amount 32233284
Form 990 Revenue Amount 31598965
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 201912
Filing Type E
Return Type 990
File View File
Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 201812
Filing Type E
Return Type 990
File View File
Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION
EIN 11-3048002
Tax Period 201612
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
4981288009 2020-06-26 0202 PPP 505 8th Avenue, 5th Floor 0.0, New York, NY, 10018-6505
Loan Status Date 2021-10-21
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 869237
Loan Approval Amount (current) 869237
Undisbursed Amount 0
Franchise Name -
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address New York, NEW YORK, NY, 10018-6505
Project Congressional District NY-12
Number of Employees 59
NAICS code 531110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 194093
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address CHICAGO, IL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 879388.24
Forgiveness Paid Date 2021-09-02

Date of last update: 15 Mar 2025

Sources: New York Secretary of State