Broadway Housing Communities Inc
Broadway Housing Communities Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 133212867 · New York, NY · NTEE: P85Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $9.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $11.1M |
| Transparency Score | 85/100 |
Is Broadway Housing Communities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broadway Housing Communities Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broadway Housing Communities Inc
Broadway Housing Communities Inc (EIN: 133212867) is a nonprofit organization based in New York, NY, classified under NTEE code P85Z. The organization reported total revenue of $10.1M and total assets of $15.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broadway Housing Communities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broadway Housing Communities Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.8M |
| Total Expenses | $9.1M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $14.9M |
| Total Liabilities | $3.8M |
| Net Assets | $11.1M |
| Operating Margin | 22.4% |
| Debt-to-Asset Ratio | 25.6% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2023, Broadway Housing Communities Inc reported a surplus of $2.6M with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 25.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Broadway Housing Communities Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.7% | +10.1% | +16.8% |
| 2022 | -18.6% | +18.0% | -8.8% |
| 2021 | +39.3% | -12.6% | +23.7% |
| 2020 | -19.1% | -15.2% | +3.8% |
| 2019 | +18.9% | +26.0% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Housing Communities Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Broadway Housing Communities Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $10 million in annual revenue and suggests either a fully volunteer executive team or that executive compensation is categorized differently within the financial statements.
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 Housing Communities Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Broadway Housing Communities Inc:
- 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.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Broadway Housing Communities Inc spend its money?
Broadway Housing Communities Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Broadway Housing Communities Inc tax-deductible?
Broadway Housing Communities Inc is registered as a tax-exempt nonprofit (EIN: 133212867). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Broadway Housing Communities Inc CEO make?
Broadway Housing Communities Inc's highest-compensated officer earns $10 annually. The organization reported $10.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Broadway Housing Communities Inc's spending goes to programs?
Broadway Housing Communities Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Broadway Housing Communities Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Broadway Housing Communities Inc is above average for NTEE category P85Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broadway Housing Communities Inc located?
Broadway Housing Communities Inc is headquartered in New York, New York and files with the IRS under EIN 133212867. It is classified under NTEE code P85Z.
How many years of IRS 990 filings does Broadway Housing Communities Inc have?
Broadway Housing Communities 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 $10.1M in total revenue.
How does Broadway Housing Communities Inc. manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with over $10 million in annual revenue. This could indicate that executive leadership is entirely volunteer-based, or that compensation for key personnel is reported under different expense categories, which would require further clarification from the organization's detailed financial statements to understand fully.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown. To assess spending efficiency accurately, it would be necessary to review the organization's full IRS Form 990, Part IX, Statement of Functional Expenses, which delineates how expenses are allocated among program services, management and general, and fundraising.
What is the long-term trend of the organization's liabilities?
Liabilities have fluctuated over the years, from a low of $729,105 in 2014 to a high of $4,958,052 in 2020, and most recently $3,822,837 in 2023. While there isn't a consistent upward or downward trend, the organization's assets consistently outweigh its liabilities, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Broadway Housing Communities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Broadway Housing Communities Inc's revenue has grown by 124.9%, moving from $5.2M to $11.8M. Total assets increased by 130% over the same period, from $6.5M to $14.9M. Total functional expenses rose by 35%, from $6.8M to $9.1M. In its most recent filing year (2023), Broadway Housing Communities Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $3.8M in liabilities against $14.9M in assets (debt-to-asset ratio: 25.6%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.8M | $9.1M | $14.9M | $3.8M | — | — |
| 2022 | $8.0M | $8.3M | $12.8M | $4.3M | — | View 990 |
| 2021 | $9.9M | $7.0M | $14.0M | $4.8M | — | View 990 |
| 2020 | $7.1M | $8.0M | $11.3M | $5.0M | — | View 990 |
| 2019 | $8.8M | $9.5M | $10.9M | $3.6M | — | View 990 |
| 2018 | $7.4M | $7.5M | $12.2M | $4.1M | — | View 990 |
| 2017 | $9.3M | $8.5M | $12.5M | $4.3M | — | View 990 |
| 2016 | $5.7M | $7.2M | $9.5M | $2.2M | — | View 990 |
| 2015 | $6.0M | $6.7M | $11.6M | $1.8M | — | View 990 |
| 2014 | $5.0M | $5.6M | $11.2M | $729K | — | View 990 |
| 2013 | $3.3M | $4.8M | $11.5M | $455K | — | View 990 |
| 2012 | $10.7M | $4.1M | $13.1M | $382K | — | View 990 |
| 2011 | $5.2M | $6.8M | $6.5M | $315K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.8M, expenses of $9.1M, and assets of $14.9M (revenue +46.7% year-over-year).
- 2022: Revenue of $8.0M, expenses of $8.3M, and assets of $12.8M (revenue -18.6% year-over-year).
- 2021: Revenue of $9.9M, expenses of $7.0M, and assets of $14.0M (revenue +39.3% year-over-year).
- 2020: Revenue of $7.1M, expenses of $8.0M, and assets of $11.3M (revenue -19.1% year-over-year).
- 2019: Revenue of $8.8M, expenses of $9.5M, and assets of $10.9M (revenue +18.9% year-over-year).
- 2018: Revenue of $7.4M, expenses of $7.5M, and assets of $12.2M (revenue -21.0% year-over-year).
- 2017: Revenue of $9.3M, expenses of $8.5M, and assets of $12.5M (revenue +63.6% year-over-year).
- 2016: Revenue of $5.7M, expenses of $7.2M, and assets of $9.5M (revenue -5.1% year-over-year).
- 2015: Revenue of $6.0M, expenses of $6.7M, and assets of $11.6M (revenue +18.8% year-over-year).
- 2014: Revenue of $5.0M, expenses of $5.6M, and assets of $11.2M (revenue +54.2% year-over-year).
- 2013: Revenue of $3.3M, expenses of $4.8M, and assets of $11.5M (revenue -69.4% year-over-year).
- 2012: Revenue of $10.7M, expenses of $4.1M, and assets of $13.1M (revenue +104.5% year-over-year).
- 2011: Revenue of $5.2M, expenses of $6.8M, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broadway Housing Communities Inc:
Data Sources and Methodology
This transparency report for Broadway Housing Communities 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.