Consistent operating deficits (e.g., $56,257 in 2023)
Liabilities consistently exceed assets (e.g., $4,091,708 liabilities vs. $2,954,011 assets in 2023)
Declining asset base over the past decade (from $3.69M in 2014 to $2.95M in 2023)
Strengths
No reported officer compensation (0% across all filings)
Consistent filing of IRS Form 990s, indicating transparency
Stable revenue generation, albeit insufficient to cover expenses
Spending Breakdown
How Broadway Apartment Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Broadway Apartment Corporation
Is Broadway Apartment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Broadway Apartment Corporation (EIN: 20741058) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Broadway Apartment Corporation a good charity to donate to?
Broadway Apartment Corporation has a Mission Score of 65/100. Revenue: $490K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Broadway Apartment Corporation?
The Employer Identification Number (EIN) for Broadway Apartment Corporation is 20741058. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Broadway Apartment Corporation spend its money?
Broadway Apartment Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Broadway Apartment Corporation's tax-exempt status?
You can verify Broadway Apartment Corporation's tax-exempt status using EIN 20741058 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Broadway Apartment Corporation consistently operates at a deficit, with expenses exceeding revenue in all reported periods. For example, in 2023, expenses were $505,681 against revenues of $449,424. This trend indicates a reliance on existing assets or other funding sources to cover operational costs, as evidenced by a gradual decline in assets over time, from $3,696,907 in 2014 to $2,954,011 in 2023. The organization's liabilities have remained consistently high, hovering around $4 million, significantly exceeding its assets. This financial structure suggests potential long-term sustainability challenges if the revenue deficit continues without a clear plan for asset replenishment or liability reduction. The consistent reporting of 0% officer compensation is a positive indicator of efficient use of funds at the executive level, contributing to transparency regarding leadership costs.