Breaking Ground IV Housing Development Fund Corporation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
SEE SCHEDULE O
- Income
- $6.3 million
- Spending
- $6.4 million
- Spent on programs
- 78%
- Reserves
- -34.8 months of spending
- Largest source of income
- fees for its services, 100%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $656,013, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 38 out of 100. Higher than 15% of charities in its peer group (housing, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 164% of what it owns.
Living within its means
8 of 15Spending exceeded income by 3% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
15 of 1578% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 75 out of 100. Higher than 26% of charities in its peer group (housing, $1m to $10m).
Independent board
5 of 252 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $5.0 million spent. BGC IV PROVIDES AN EMERGENCY SAFE HAVEN AND SOCIAL SERVICES FOR INDIVIDUALS TRANSITIONING FROM HOMELESSNESS TO PERMANENT HOUSING AT THE ANDREWS. THE ANDREWS IS COMPRISED OF 146 SHORT-TERM LIVING UNITS, INCLUDING 138 UNITS OF SAFE HAVEN TRANSITIONAL HOUSING RESERVED FOR INDIVIDUALS SERVED BY BREAKING GROUND'S STREET TO HOME PROGRAM AND OTHER OUTREACH PROGRAMS. FOR INDIVIDUALS NOT YET READY TO TRANSITION INTO PERMANENT HOUSING, AS WELL AS THOSE WHO MAY HAVE STRUGGLED IN OTHER HOUSING PROGRAMS, THE ANDREWS OFFERS AN ALTERNATIVE TO LIFE ON THE STREET: PRIVATE, SAFE, CLEAN, AND AFFORDABLE SHORT-TERM ACCOMMODATIONS. ON-SITE CASE MANAGEMENT AND CLINICAL SERVICES ARE AVAILABLE AT THE ANDREWS TO MEET THE NEEDS OF ITS RESIDENTS AND TO HELP THEM SECURE PERMANENT HOUSING. BREAKING GROUND INTERVIEWED MORE THAN 200 CHRONICALLY STREET HOMELESS ADULTS TO BETTER UNDERSTAND WHAT FEATURES OF SHORT-TERM HOUSING WOULD BE MOST LIKELY TO ENTICE THEM OFF THE STREETS. IN 2003, BREAKING GROUND AND THE ARCHITECTURAL LEAGUE OF NEW YORK HELD AN OPEN DESIGN COMPETITION FOR A NEW FORM OF ACCOMMODATION THAT WOULD REFLECT THEIR PREFERENCES. COMPETITORS WERE ASKED TO DESIGN A PROTOTYPICAL UNIT AND SHOW HOW 19 SUCH UNITS COULD BE ORGANIZED ON A TYPICAL FLOOR. THE DESIGN OF THE ANDREWS INCORPORATES DESIGN ELEMENTS THAT ADDRESS CLIENTS' CONCERNS REGARDING ISSUES SUCH AS PRIVACY AND PERSONAL SPACE, THEREBY GAINING THEIR TRUST AND ULTIMATELY HELPING TO FOSTER THEIR TRANSITION TO PERMANENT HOMES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.