Broadway Towers Inc

Organization Overview

Broadway Towers Inc is located in Atlanta, GA. The organization was established in 1979. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway Towers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Broadway Towers Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MANAGEMENT OF 3 APARTMENT COMPLEXES FOR THE BENEFIT OF ELDERLY AND HANDICAPPED RESIDENTS AND OTHER PUBLIC BENEFIT AND CHARITABLE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING FOR THE ELDERLY AND SELF SUFFICIENT HANDICAPPED IN ACCORDANCE WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S 202 HOUSING PROGRAM AND ANY CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C )(3) OF THE IRC OF 1986 AS AMENDED.


TO PROVIDE FINANCIAL ASSISTANCE TO OTHER ENTITIES WHOSE PURPOSE IS CHARITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC AS ALLOWED UNDER SECION 501(C)(3).


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Board, Officers & Key Employees

Name (title)Compensation
Gerald Eickhoff
President
$0
Joseph F Glenn
Vice President
$0
Elizabeth C Glenn
Secretary
$0
M Reynolds Delisle
Treasurer
$0
Larry Gay Reagin
Director
$0
Kim Delacey
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,994,639
Investment income $113,414
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,002
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,119,210

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Broadway Towers Inc has recieved totaling $17,121.

Awarding OrganizationAmount
Atlanta Community Food Bank Inc

Atlanta, GA

PURPOSE: SEE PART IV

$17,121
View Grant Recipient Profile

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