GroundBreak Coalition
- Company typePrivate
- Founded2023
- HeadquartersMinneapolis, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
GroundBreak Coalition firmographics
Firmographics- Name
- GroundBreak Coalition
- Legal name
- GroundBreak Coalition
- Website
- https://groundbreakcoalition.org
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
GroundBreak Coalition industry classification
Industry- Product category
- Community Development Finance
- NAICS
- Grantmaking Foundations (813211), Civic and Social Organizations (81341), Social Advocacy Organizations (8133)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Community Foundations (BPAGAKAB)
- akta.pro secondary industries
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ), Social Justice & Human Rights Grantmaking Foundations (BPAGAKAN), Microenterprise Group Lending (Joint Liability) (FSAKAGAH)
Keywords
Where GroundBreak Coalition is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
GroundBreak Coalition business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Philanthropic & Foundation Capital: GroundBreak Coalition mobilizes capital from foundations (McKnight Foundation, Bush Foundation, GHR Foundation, MacArthur Foundation, Carlson Family Foundation, Nathan Cummings Foundation, Margaret A. Cargill Philanthropies, Minneapolis Foundation, Saint Paul & Minnesota Foundation) and public philanthropies. These funds are deployed as grants, forgivable loans, and below-market capital to homeowners, entrepreneurs, and developers.
- Financial Institution Capital: Banks and financial institutions (JPMorgan Chase, Huntington Bank, U.S. Bank, PNC Bank, Bell Bank, First Independence Bank, Stearns Bank, Sunrise Banks, Old National Bank, Pohlad Family Foundation, Securian Financial) provide capital to the coalition's loan pools, with GroundBreak deploying these funds alongside philanthropic capital to maximize leverage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Homebuyer financing: up to $50,000 in down payment and post-purchase assistance |
| Other | Pay-as-you-go | Entrepreneur forgivable loans: up to $50,000 at 1% interest |
| Other | Multi-year contract | Developer financing: $50,000 to $3.5 million in low-cost junior debt |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
GroundBreak Coalition product offering
Product offeringCore offering
GroundBreak Coalition is a nonprofit coalition that mobilizes philanthropic and financial institution capital to deploy three below-market financial products—Home Buyer Financing, Entrepreneurship Forgivable Loans, and Commercial Developer Financing—to address racial wealth inequality in the seven-county Minneapolis-St. Paul metro. The coalition channels capital through community-based origination partners and an Advancing Black Homeownership (ABH) Community Fund collaboration, providing down payment assistance, forgivable working capital, and low-cost junior debt.
Product overview
GroundBreak Coalition is a Minneapolis-St. Paul-based community funding coalition mobilizing $5.4 billion to close generational wealth gaps through three interconnected financial tools: Home Buyer Financing (up to $50,000 in down payment assistance), the Entrepreneurship Forgivable Loan Program (up to $50,000 in working capital at 1% interest), and Commercial Developer Financing ($50,000 to $3.5 million in patient junior capital). All three products are delivered through a network of community-based origination partners and work in concert through the ABH Community Fund, which coordinates homeownership assistance across multiple nonprofit lenders, forming a unified wealth-building pipeline for homeowners, entrepreneurs, and developers in the Twin Cities region.
Differentiator
Problem solved
Functional benefit
Brands
- ABH (Advancing Black Homeownership): First-of-its-kind program combining flexible underwriting criteria with financial assistance to help Black or African-American buyers overcome historically inequitable housing practices and buy their first home. Collaboration between Minnesota Homeownership Center, Twin Cities Habitat for Humanity, Build Wealth Minnesota, NeighborWorks Home Partners, PRG Inc., Project for Pride in Living, and GroundBreak Coalition.
Products and services
- Home Buyer Financing Program
Quantifiable outcome
- $5.25 return per dollar invested in homeownership programs; $283M invested across 11,000 households yields $1.48B in economic benefits
- +4 more outcomes
Companies that use GroundBreak Coalition
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
GroundBreak Coalition technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GroundBreak Coalition partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core, secondary and minor.
- Neighborhood Development Center (NDC)coreNDC is a community partner and origination partner for GroundBreak Coalition, providing small business real estate financing, corridor revitalization programs, and direct loan origination for entrepreneurs. CEO of LSE Architects Mohammed Lawal serves on the GroundBreak Board.
- Project for Pride in Living (PPL)coreProject for Pride in Living is a community partner of GroundBreak Coalition, receiving funding through the 2024 pilot program to provide homeownership support and financial coaching to underserved homebuyers. Mike LaFave previously worked at PPL before joining GroundBreak as Chief of Staff.
- Northside Economic Opportunity Network (NEON)coreNEON is an origination partner for GroundBreak Coalition, focused on early-stage and growing businesses of all types and Black-owned commercial corridor activation. Works directly with entrepreneurs to facilitate loan access.
- Minnesota Consortium of Community Developers (MCCD)coreMCCD is an origination partner for GroundBreak Coalition's business loan program, providing financing for a broad range of small and cooperative businesses across the Twin Cities.
- LISC Twin CitiescoreLISC Twin Cities is a community partner of GroundBreak Coalition, providing predevelopment funding, patient capital, and technical assistance to developers building in underinvested neighborhoods.
- Land Bank Twin CitiescoreLand Bank Twin Cities is a community partner of GroundBreak Coalition, specializing in commercial real estate acquisition and project financing for community development projects.
- Advancing Black Homeownership (ABH) Community FundcoreABH Community Fund is a collaboration between Minnesota Homeownership Center, Twin Cities Habitat for Humanity, Build Wealth Minnesota, NeighborWorks Home Partners, PRG, Inc., Project for Pride in Living, and GroundBreak Coalition. Provides flexible underwriting and financial assistance to help Black or African-American buyers overcome historically inequitable housing practices. GroundBreak contributed $1.6M to the ABH pilot supporting 74 new homeowners.
- Minnesota Homeownership CentercorePartner in the ABH Community Fund collaboration providing homeownership advisory services and foreclosure prevention support to GroundBreak program participants.
- Twin Cities Habitat for HumanitycorePartner in the ABH Community Fund, providing homeownership opportunities and its nonprofit lending arm TCHFH Lending Inc. participating in GroundBreak's lender network.
- Build Wealth MinnesotacorePartner in the ABH Community Fund collaboration and part of GroundBreak's lender network for homebuyer financing.
- NeighborWorks Home PartnerscorePartner in the ABH Community Fund collaboration providing homeownership support and financing assistance.
- PRG, Inc.corePartner in the ABH Community Fund collaboration supporting Black homeownership initiatives.
- Houston White VenturessecondaryHouston White serves as Creative Director for GroundBreak Coalition, shaping the organization's brand identity and cultural voice. Previously working behind scenes since December to develop the organization's visual identity.
- Acre DesignminorBrand and marketing project partner for GroundBreak Coalition.
- CCS FundraisingminorFund development project partner for GroundBreak Coalition.
- Financial Services Consulting GroupsecondaryFund development project partner for GroundBreak Coalition. Eric White previously worked at The Financial Services Consulting Group before joining as Chief Investment Officer.
- O'Connell ConsultingminorPolicy and advocacy project partner for GroundBreak Coalition.
- African American Leadership ForumminorPolicy and advocacy project partner for GroundBreak Coalition. Adair Mosley previously served as CEO of African American Leadership Forum before becoming GroundBreak CEO.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
GroundBreak Coalition competitors and assessment
Company assessmentDirect peers
- Living Cities: Living Cities is a national collaborative of philanthropic and financial institutions working to close racial wealth gaps in U.S. cities. It is one of the most direct analogs to GroundBreak's cross-sector coalition model mobilizing capital at scale for racial equity in place-based contexts.
- Boston Impact Initiative: Boston Impact Initiative is a place-based impact investing fund deploying capital to businesses, housing, and communities of color in Greater Boston. Operates a similar cross-sector coalition model focused on racial wealth equity with philanthropic and bank capital.
- Atlanta Wealth Building Initiative: Atlanta Wealth Building Initiative is a cross-sector coalition mobilizing place-based capital for Black wealth-building in Atlanta. Highly comparable to GroundBreak's mission and structure, focused on homeownership, entrepreneurship, and commercial development in a single metro.
Broad incumbents
- National Community Reinvestment Coalition (NCRC): NCRC is a national coalition of community-based organizations that works to expand banking access and credit for underserved communities. Highly comparable to GroundBreak's mission of expanding capital access, though operating at a national advocacy level rather than a metro deployment level.
- Local Initiatives Support Corporation (LISC): LISC is a national CDFI that channels philanthropic and financial institution capital into community development projects across the U.S. LISC Twin Cities is directly listed as one of GroundBreak's core origination partners, making LISC both a peer and a key operating partner.
- Enterprise Community Partners: Enterprise Community Partners is a national nonprofit that invests in affordable housing and community development. Operates at larger scale and broader geography than GroundBreak but shares the affordable housing and community wealth-building mission.
- Habitat for Humanity (Twin Cities and National): Twin Cities Habitat for Humanity is a core partner in the ABH Community Fund and TCHFH Lending Inc. is part of GroundBreak's lender network. The national and Twin Cities Habitat organizations are highly comparable in their focus on affordable homeownership and community wealth-building.
Regional players
- Prosperity Now: Prosperity Now is a national nonprofit focused on helping low-income families achieve financial stability and wealth-building. Operates a national advocacy and partnership model with similar concerns around racial wealth gaps, although not focused on a single metro.
Emerging players
- Neighborhood Development Center (NDC): NDC is a Twin Cities-based community development organization focused on small business real estate and corridor revitalization. Listed as one of GroundBreak's core origination partners, providing direct small business real estate financing. Functions as both a peer and a key operating partner.
Others
- McKnight Foundation: McKnight Foundation is both a founding convener and core financial partner of GroundBreak Coalition and McKnight's President Tonya Allen serves as Board Chair. While McKnight is a peer in the community foundation space, its relationship to GroundBreak is primarily as a financial backer and governance partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GroundBreak Coalition social profiles
Digital presenceGroundBreak Coalition financial estimates
Financial estimateRevenue estimate
Valuation estimate
GroundBreak Coalition leadership team
Management profileNumber of profiles
Profiles7 records
GroundBreak Coalition funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GroundBreak Coalition M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GroundBreak Coalition
What does GroundBreak Coalition do?
GroundBreak Coalition is a nonprofit coalition that mobilizes philanthropic and financial institution capital to deploy three below-market financial products—Home Buyer Financing, Entrepreneurship Forgivable Loans, and Commercial Developer Financing—to address racial wealth inequality in the seven-county Minneapolis-St. Paul metro. The coalition channels capital through community-based origination partners and an Advancing Black Homeownership (ABH) Community Fund collaboration, providing down payment assistance, forgivable working capital, and low-cost junior debt.
Is GroundBreak Coalition a public or private company?
GroundBreak Coalition is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was GroundBreak Coalition founded?
GroundBreak Coalition was founded in 2023. It employs 11 to 50 people.
Where is GroundBreak Coalition based?
GroundBreak Coalition is headquartered in Minneapolis, United States, in the North America region.
How does GroundBreak Coalition make money?
Two revenue lines are on record. Philanthropic & Foundation Capital is the primary driver. The others are financial Institution Capital.
Who are GroundBreak Coalition's main competitors?
Direct peers on record are Living Cities, Boston Impact Initiative and Atlanta Wealth Building Initiative. Broad incumbents are National Community Reinvestment Coalition (NCRC), Local Initiatives Support Corporation (LISC), Enterprise Community Partners and Habitat for Humanity (Twin Cities and National). Prosperity Now is listed as a regional player. Neighborhood Development Center (NDC) is listed as an emerging player. McKnight Foundation is listed as an others.
Does GroundBreak Coalition have an API?
No public API is recorded for GroundBreak Coalition.
What industry is GroundBreak Coalition in?
GroundBreak Coalition's product category is Community Development Finance. Its primary akta.pro industry code is BPAGAKAB, Community Foundations, with a secondary code of BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts). Its NAICS code is 813211 and its SIC code is 8300.