Broadway Terrace Corporation
Broadway Terrace Corporation maintains stable operations but faces persistent negative net assets.
EIN: 20741063 · Duluth, GA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $465K |
| Total Expenses | $445K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $465,291 |
| Net Assets | $-260,571 |
| Transparency Score | 70/100 |
Is Broadway Terrace Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broadway Terrace Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broadway Terrace Corporation
Broadway Terrace Corporation (EIN: 20741063) is a nonprofit organization based in Duluth, GA, classified under NTEE code L22. The organization reported total revenue of $465K and total assets of $1000K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broadway Terrace Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broadway Terrace Corporation is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $450K |
| Total Expenses | $445K |
| Surplus / Deficit | +$5K |
| Total Assets | $1.1M |
| Total Liabilities | $1.3M |
| Net Assets | $-260,571 |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 124.8% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Broadway Terrace Corporation reported a surplus of $5K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 124.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Broadway Terrace Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +13.3% | -7.1% |
| 2022 | +1.5% | -14.8% | +2.7% |
| 2021 | +0.7% | +4.3% | -3.7% |
| 2020 | +1.9% | +1.5% | -3.0% |
| 2019 | +1.0% | +6.1% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Terrace Corporation with a Mission Score of 70 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 Terrace Corporation 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 $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 124.8%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size (latest revenue $465,291) as it maximizes resources for direct mission activities.
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 Terrace Corporation's IRS 990 filings:
- Persistent negative net assets (liabilities consistently exceed assets, e.g., 2023: $1,311,789 liabilities vs. $1,051,218 assets)
- Lack of detailed functional expense breakdown in provided data, making precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Broadway Terrace Corporation:
- Consistent 0% officer compensation, indicating strong resource allocation to mission.
- Stable revenue and expense levels over a decade, suggesting operational consistency.
- Regular and timely IRS 990 filings, demonstrating transparency and compliance.
Frequently Asked Questions about Broadway Terrace Corporation
Is Broadway Terrace Corporation a legitimate charity?
Broadway Terrace Corporation (EIN: 20741063) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $465K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Broadway Terrace Corporation spend its money?
Broadway Terrace Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Broadway Terrace Corporation tax-deductible?
Broadway Terrace Corporation is registered as a tax-exempt nonprofit (EIN: 20741063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Broadway Terrace Corporation CEO make?
Broadway Terrace Corporation's highest-compensated officer earns $465,291 annually. The organization reported $465K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Broadway Terrace Corporation's spending goes to programs?
Broadway Terrace Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Broadway Terrace Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Broadway Terrace Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broadway Terrace Corporation located?
Broadway Terrace Corporation is headquartered in Duluth, Georgia and files with the IRS under EIN 20741063. It is classified under NTEE code L22.
How many years of IRS 990 filings does Broadway Terrace Corporation have?
Broadway Terrace Corporation has 12 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 $465K in total revenue.
What is the cause of Broadway Terrace Corporation's persistent negative net assets?
The provided data consistently shows liabilities exceeding assets (e.g., 2023: Assets $1,051,218, Liabilities $1,311,789). Understanding the nature of these liabilities (e.g., mortgages, long-term debt) is crucial to assess the organization's long-term financial stability.
How does Broadway Terrace Corporation manage to operate with negative net assets?
Operating with negative net assets typically means the organization's liabilities exceed its assets. This could be sustainable if the liabilities are long-term and manageable, or if there are consistent cash flows to cover operational needs despite the balance sheet structure. Further investigation into cash flow statements would be beneficial.
What are the specific program activities funded by Broadway Terrace Corporation?
The NTEE code L22 (Housing Development, Construction & Management) suggests activities related to housing. However, the filings do not detail specific programs or their impact, which would be important for understanding the organization's mission effectiveness.
Filing History
IRS 990 filing history for Broadway Terrace Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Broadway Terrace Corporation's revenue has grown by 16.3%, moving from $387K to $450K. Total assets decreased by 28.5% over the same period, from $1.5M to $1.1M. Total functional expenses rose by 3.6%, from $430K to $445K. In its most recent filing year (2023), Broadway Terrace Corporation reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $1.1M in assets (debt-to-asset ratio: 124.8%), resulting in net assets of $-260,571.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $450K | $445K | $1.1M | $1.3M | — | View 990 |
| 2022 | $442K | $393K | $1.1M | $1.4M | — | View 990 |
| 2021 | $436K | $461K | $1.1M | $1.4M | — | View 990 |
| 2020 | $433K | $442K | $1.1M | $1.4M | — | View 990 |
| 2019 | $425K | $436K | $1.2M | $1.5M | — | View 990 |
| 2018 | $421K | $411K | $1.2M | $1.5M | — | View 990 |
| 2017 | $408K | $419K | $1.2M | $1.5M | — | View 990 |
| 2016 | $409K | $444K | $1.3M | $1.5M | — | View 990 |
| 2015 | $392K | $413K | $1.3M | $1.5M | — | View 990 |
| 2014 | $394K | $445K | $1.4M | $1.6M | — | View 990 |
| 2013 | $392K | $418K | $1.4M | $1.6M | — | View 990 |
| 2012 | $387K | $430K | $1.5M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $450K, expenses of $445K, and assets of $1.1M (revenue +1.7% year-over-year).
- 2022: Revenue of $442K, expenses of $393K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2021: Revenue of $436K, expenses of $461K, and assets of $1.1M (revenue +0.7% year-over-year).
- 2020: Revenue of $433K, expenses of $442K, and assets of $1.1M (revenue +1.9% year-over-year).
- 2019: Revenue of $425K, expenses of $436K, and assets of $1.2M (revenue +1.0% year-over-year).
- 2018: Revenue of $421K, expenses of $411K, and assets of $1.2M (revenue +3.2% year-over-year).
- 2017: Revenue of $408K, expenses of $419K, and assets of $1.2M (revenue -0.3% year-over-year).
- 2016: Revenue of $409K, expenses of $444K, and assets of $1.3M (revenue +4.5% year-over-year).
- 2015: Revenue of $392K, expenses of $413K, and assets of $1.3M (revenue -0.5% year-over-year).
- 2014: Revenue of $394K, expenses of $445K, and assets of $1.4M (revenue +0.4% year-over-year).
- 2013: Revenue of $392K, expenses of $418K, and assets of $1.4M (revenue +1.3% year-over-year).
- 2012: Revenue of $387K, expenses of $430K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broadway Terrace Corporation:
Data Sources and Methodology
This transparency report for Broadway Terrace Corporation 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.