Lack of reported officer compensation, which is unusual for an organization of this size and warrants further investigation for transparency.
Specific functional expense breakdown (program, admin, fundraising) is not readily available in the provided summary data, hindering a precise assessment of spending efficiency.
Strengths
Consistent revenue generation, with recent years showing revenues exceeding expenses (e.g., $11,777,595 revenue vs. $9,135,738 expenses in 2023).
Growing asset base, reaching $14,923,958 in 2023, indicating financial stability and capacity.
Positive net income in most recent periods (e.g., 2023, 2021, 2017), demonstrating effective financial management.
Assets consistently outweigh liabilities, indicating a strong balance sheet.
Spending Breakdown
How Broadway Housing Communities Inc 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 Housing Communities Inc
Is Broadway Housing Communities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Broadway Housing Communities Inc (EIN: 133212867) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Broadway Housing Communities Inc a good charity to donate to?
Broadway Housing Communities Inc has a Mission Score of 85/100. Revenue: $10.1M. Assets: $15.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Broadway Housing Communities Inc?
The Employer Identification Number (EIN) for Broadway Housing Communities Inc is 133212867. 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 Housing Communities Inc spend its money?
Broadway Housing Communities Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Broadway Housing Communities Inc's tax-exempt status?
You can verify Broadway Housing Communities Inc's tax-exempt status using EIN 133212867 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 Housing Communities Inc. demonstrates a generally stable financial position, with revenues consistently exceeding expenses in recent years, such as $11,777,595 in revenue against $9,135,738 in expenses in 2023. This indicates effective financial management and a capacity to fund its operations. The organization's assets have also shown growth, reaching $14,923,958 in 2023, which provides a solid foundation for its long-term sustainability.
While specific program spending percentages are not provided in the raw data, the consistent positive net income in most recent periods suggests that the organization is effectively utilizing its resources. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being reported under other categories, which warrants further investigation for complete transparency.
Overall, Broadway Housing Communities appears to be a financially sound organization with a positive trend in revenue and assets. However, a deeper dive into the functional expense breakdown (program, administrative, fundraising) would provide a more comprehensive understanding of its spending efficiency and how directly funds are channeled to its mission.