Broadway Filmore Neighborhood Housing Services Inc
Broadway Filmore Neighborhood Housing Services Inc shows significant revenue and asset growth in 2023, reversing prior operating deficits.
EIN: 161166659 · Buffalo, NY · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $678K |
| Transparency Score | 75/100 |
Is Broadway Filmore Neighborhood Housing Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broadway Filmore Neighborhood Housing Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broadway Filmore Neighborhood Housing Services Inc
Broadway Filmore Neighborhood Housing Services Inc (EIN: 161166659) is a nonprofit organization based in Buffalo, NY, classified under NTEE code P200. The organization reported total revenue of $4.6M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broadway Filmore Neighborhood Housing Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broadway Filmore Neighborhood Housing Services Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$116K |
| Total Assets | $6.0M |
| Total Liabilities | $5.3M |
| Net Assets | $678K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 88.7% |
| Months of Reserves | 32.8 months |
Financial Health Grade: A
In 2023, Broadway Filmore Neighborhood Housing Services Inc reported a surplus of $116K with revenue exceeding expenses, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 88.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Broadway Filmore Neighborhood Housing Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +241.3% | +133.3% | +59.9% |
| 2022 | +38.2% | +6.1% | +5.0% |
| 2021 | -28.9% | +11.4% | +32.6% |
| 2020 | +13.0% | +14.6% | +58.5% |
| 2019 | -23.5% | -18.8% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Broadway Filmore Neighborhood Housing Services Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Broadway Filmore Neighborhood Housing Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $116K, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way not captured under 'officer compensation' on the 990, which is a notable point for further inquiry given the organization's scale.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Broadway Filmore Neighborhood Housing Services Inc's IRS 990 filings:
- Consistent operating deficits in multiple prior years (2019-2022)
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data
- Significant increase in liabilities in 2023 without clear explanation in summary data
Strengths
The following positive indicators were identified for Broadway Filmore Neighborhood Housing Services Inc:
- Significant revenue growth in the latest fiscal year (2023 revenue of $2,315,643)
- Positive operating margin in the latest fiscal year (2023 expenses of $2,199,974 vs. revenue of $2,315,643)
- Consistent reporting of 0% officer compensation across all filings
- Substantial asset growth, reaching $6,012,279 in 2023
Frequently Asked Questions about Broadway Filmore Neighborhood Housing Services Inc
Is Broadway Filmore Neighborhood Housing Services Inc a legitimate charity?
Broadway Filmore Neighborhood Housing Services Inc (EIN: 161166659) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.6M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Broadway Filmore Neighborhood Housing Services Inc spend its money?
Broadway Filmore Neighborhood Housing Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Broadway Filmore Neighborhood Housing Services Inc tax-deductible?
Broadway Filmore Neighborhood Housing Services Inc is registered as a tax-exempt nonprofit (EIN: 161166659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Broadway Filmore Neighborhood Housing Services Inc's spending goes to programs?
Broadway Filmore Neighborhood Housing Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Broadway Filmore Neighborhood Housing Services Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Broadway Filmore Neighborhood Housing Services Inc is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broadway Filmore Neighborhood Housing Services Inc located?
Broadway Filmore Neighborhood Housing Services Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161166659. It is classified under NTEE code P200.
How many years of IRS 990 filings does Broadway Filmore Neighborhood Housing Services Inc have?
Broadway Filmore Neighborhood Housing Services Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.6M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses for the latest fiscal year?
The provided data does not offer a detailed breakdown of these categories, making it difficult to precisely assess spending efficiency beyond the overall revenue and expense figures.
How is executive leadership compensated if 'Officer Comp' is consistently reported as 0%?
This warrants further investigation into the organization's full IRS 990 forms to understand if compensation is paid through other categories or if the organization is primarily volunteer-led at the executive level.
What caused the substantial increase in liabilities to $5,334,125 in 2023?
The increase in liabilities alongside asset growth suggests potential investment in new projects or expansion, which would require reviewing the full financial statements for specifics.
Is Broadway Filmore Neighborhood Housing Services Inc a good charity?
Based on the available data, the organization shows strong financial growth and a positive operating margin in its latest filing, reversing previous deficits. The consistent 0% officer compensation is a positive sign for resource allocation. However, a full assessment would require more detailed spending breakdowns and clarity on executive compensation practices.
Filing History
IRS 990 filing history for Broadway Filmore Neighborhood Housing Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Broadway Filmore Neighborhood Housing Services Inc's revenue has grown by 429.7%, moving from $437K to $2.3M. Total assets increased by 175.5% over the same period, from $2.2M to $6.0M. Total functional expenses rose by 548.4%, from $339K to $2.2M. In its most recent filing year (2023), Broadway Filmore Neighborhood Housing Services Inc reported a surplus of $116K, with revenue exceeding expenses. The organization holds $5.3M in liabilities against $6.0M in assets (debt-to-asset ratio: 88.7%), resulting in net assets of $678K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $6.0M | $5.3M | — | View 990 |
| 2022 | $678K | $943K | $3.8M | $3.2M | — | View 990 |
| 2021 | $491K | $889K | $3.6M | $2.8M | — | View 990 |
| 2020 | $691K | $798K | $2.7M | $1.5M | — | View 990 |
| 2019 | $611K | $697K | $1.7M | $444K | — | View 990 |
| 2018 | $799K | $857K | $1.8M | $487K | — | View 990 |
| 2017 | $645K | $582K | $1.8M | $367K | — | View 990 |
| 2016 | $429K | $384K | $1.5M | $209K | — | View 990 |
| 2015 | $364K | $434K | $1.6M | $310K | — | View 990 |
| 2014 | $1.4M | $389K | $1.7M | $318K | — | View 990 |
| 2013 | $604K | $388K | $1.7M | $1.4M | — | View 990 |
| 2012 | $178K | $301K | $1.8M | $1.8M | — | View 990 |
| 2011 | $437K | $339K | $2.2M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $6.0M (revenue +241.3% year-over-year).
- 2022: Revenue of $678K, expenses of $943K, and assets of $3.8M (revenue +38.2% year-over-year).
- 2021: Revenue of $491K, expenses of $889K, and assets of $3.6M (revenue -28.9% year-over-year).
- 2020: Revenue of $691K, expenses of $798K, and assets of $2.7M (revenue +13.0% year-over-year).
- 2019: Revenue of $611K, expenses of $697K, and assets of $1.7M (revenue -23.5% year-over-year).
- 2018: Revenue of $799K, expenses of $857K, and assets of $1.8M (revenue +23.9% year-over-year).
- 2017: Revenue of $645K, expenses of $582K, and assets of $1.8M (revenue +50.2% year-over-year).
- 2016: Revenue of $429K, expenses of $384K, and assets of $1.5M (revenue +18.0% year-over-year).
- 2015: Revenue of $364K, expenses of $434K, and assets of $1.6M (revenue -73.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $389K, and assets of $1.7M (revenue +129.4% year-over-year).
- 2013: Revenue of $604K, expenses of $388K, and assets of $1.7M (revenue +240.3% year-over-year).
- 2012: Revenue of $178K, expenses of $301K, and assets of $1.8M (revenue -59.4% year-over-year).
- 2011: Revenue of $437K, expenses of $339K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broadway Filmore Neighborhood Housing Services Inc:
Data Sources and Methodology
This transparency report for Broadway Filmore Neighborhood Housing Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.