Common Ground Community Hdfc

“Organization's process used to review form 990 the form 990 was prepared by an independent accounting firm in conjunction with the organization's finance department. The form has been reviewed for completeness and accuracy regarding mission, program activities, financials and governance by members of the corporation's management. It has also been discussed and reviewed with the breaking ground i audit chair. The final versions were made available to each member of the board of directors prior to filing with the internal revenue service. Discussion of form 990 requirements, contents and board responsibilities occur at an annual board meeting.”

“Enforcement of conflict of interest policy the policy and annual disclosure forms are distributed to all board members, officers and management staff. Each individual is required to sign and review the disclosure form and provide information about any relationships they may have with breaking ground housing development fund corporations' other employees, and/or vendors that conduct business with breaking ground housing development fund corporation. All submissions are reviewed by human resources to determine if a conflict exists; when a conflict arises, the individuals affected are prohibited from participating in the decision-making process related to any transaction occurring with the conflicted organization.”

“The board of directors of breaking ground housing development fund corporation reviews the compensation of the ceo. Breaking ground housing development fund corporation commissions a compensation study by an outside, independent compensation consultant every three years to assure the competitiveness of the compensation structure and to make recommendations to the board. The organization has commissioned an updated executive compensation study in 2022. All jobs, except those reviewed by the board, within breaking ground housing development fund corporation are classified, based on the complexity and skill level required for the position. All such salaries are reviewed on an annual basis which corresponds to the performance review cycle. Breaking ground housing development fund corporation believes that its compensation is competitive with other not-for-profit organizations of a similiar scale and complexity.”

“Breaking ground housing development fund corporation makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“Breaking ground's mission is to strengthen individuals, families and communities by developing and sustaining exceptional supportive and affordable housing as well as programs for homeless and other vulnerable new yorkers. Breaking ground housing development fund corporation ("bg") was organized on october 11, 1990, under section 402 of the not-for-profit corporation law and pursuant to article xi of the private housing finance law (housing development fund companies law) of the state of ny. Breaking ground is a not-for-profit charitable organization exempt from income and excise taxes under section 501(c)(3) of the internal revenue code. Breaking ground was formed for the charitable purpose of rehabilitating, maintaining and operating low-income housing projects and to provide related social service programs. Breaking ground's success in ending homelessness is built on a housing model that targets individuals and families who are homeless or at risk of becoming homeless. For the chronically homeless, we create safe, secure housing, with essential on-site support services to help them address the psychosocial, mental, and physical health problems that are obstacles to independent living. For individuals who find themselves at the edge of homelessness, our affordable housing provides an all-important safety net. For both populations, we strive to create strong, vibrant communities within our buildings and to strengthen the neighborhoods in which our buildings are located through a commitment to social inclusion. Breaking ground has created and operates thousands of units of affordable permanent and transitional housing in the northeastern united states and has approximately one thousand more currently in development. Breaking ground also manages the innovative street outreach program, street to home, which connects the most entrenched, long-term homeless individuals with housing and other critical supportive services. Our work has enabled more than 13,000 people to overcome or avoid homelessness. Breaking ground does projects in nyc and provides social service programs to tenants.”

“Breaking ground housing development fund corporation does not have its own employees or its own payroll. All employees providing services to breaking ground housing development fund corporation receive their w-2s from a related organization, common ground management corporation. Expenditures reported on part ix, lines 7, 8, 9 and 10 represent the portion of salary and benefits expenditures allocated to breaking ground housing development fund corporation based on services rendered to the organization.”

“Loan amortization 176,471.”