Breaking Ground III Housing Development Fund Corporation

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Nonprofit Overview

Causes: Homeless & Housing, Housing Development, Construction & Management

Mission: Breaking ground iii housing development fund corporation ("bg iii") was organized on october 24, 2000 under section 402 of the not-for-profit corporation law of the state of ny. Bg iii is a not-for-profit charitable organization exempt from income and excise taxes under section 501(c)(3) of the internal revenue code. Bg iii was formed for the charitable purpose of operating a housing project at 206 west 24th street, new york city, a building that was purchased through a loan from the city of new york department of housing preservation and development, which provides housing and employment services to qualifying young adults, formerly homeless and low-income single adults.

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