Broadway House Corporation
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 01/1974
- Data as of
- 06/2023
- EIN
- 86-0271216
Organization Overview
Broadway House Corporation is located in Phoenix, AZ. The organization was established in 1974. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 House Corporation 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 06/2023, Broadway House Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $977.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING TO LOW-INCOME FAMILIES AND DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO LOW-INCOME FAMILIES AND DISABLED PERSONS THROUGH THE OPERATION OF AN 80-UNIT MULTI-FAMILY COMPLEX IN PHOENIX, ARIZONA. DURING THEIR FISCAL YEAR, THE ORGANIZATION SERVED 169 RESIDENTS: 26% UNDER 18, 51% AGED 18-61, 22% AGED 62-81 AND 1% AGED 82-95. IN ADDITION TO PROVIDING DECENT, SAFE AND SANITARY AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS WITH DISABILITIES, THIS PROJECT EMPLOYS A FULL-TIME SERVICE COORDINATOR. THE SERVICE COORDINATOR IS A VALUABLE RESOURCE PERSON WHO ASSISTED YOUTH AND ADULT/SENIOR RESIDENTS IN THE PROJECT'S NEIGHBORHOOD NETWORK (COMPUTER) CENTER. IN 2022-23 THE SERVICE COORDINATOR ASSISTED CHILDREN AND YOUTH WITH HOMEWORK HELP, SCHOOL/TEACHER INTERVENTION, TUTOR/MENTORING, LIFE-SKILLS, AND VOLUNTEER AND (CONT'D ON SCH O) SCHOLARSHIP OPPORTUNITIES. ADULT RESIDENTS BENEFITED FROM ASSISTANCE WITH: ADVOCACY, CASE MANAGEMENT, GED STUDY/TESTING SUPPORT, COMPUTER ASSISTANCE, JOB SEARCH/RESUME WRITING/INTERVIEWING HELP, PARENTING CLASSES, PEER COUNSELING, CRISIS COUNSELING, EMERGENCY FOOD/UTILITIES/RENTAL ASSISTANCE, APPLICATION/BENEFITS ASSISTANCE, SUBSTANCE ABUSE COUNSELING, INSURANCE/HEALTHCARE REFERRALS, TRANSPORTATION AND EXERCISE AND WELLNESS. THE SERVICE COORDINATOR PUBLISHED A MONTHLY NEWSLETTER WITH MANY HELPFUL RESOURCES FOR RESIDENT SELF-REFERRALS. THE SERVICE COORDINATOR PARTNERED WITH DIANA GREGORY OUTREACH SERVICES/GREGORY'S FRESH MARKET WHO PROVIDED MONTHLY DELIVERY OF FRESH FRUITS AND VEGETABLES FOR RESIDENTS AT BROADWAY HOUSE. BROADWAY HOUSE APARTMENTS DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEX, FAMILIAL STATUS, DISABILITY OR NATIONAL ORIGIN. LANGUAGE ASSISTANCE IS AVAILABLE FOR THOSE WHO ARE LIMITED IN THEIR ENGLISH PROFICIENCY (LEP).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Warren Stewart Sr Chairperson | OfficerTrustee | 0.3 | $0 |
Ralph D Thompson II Vice Chair | OfficerTrustee | 0.3 | $0 |
Deborah A Long Secretary | OfficerTrustee | 0.3 | $0 |
Winston C Lyons Director | Trustee | 0.3 | $0 |
Dr Lottie Lecian Director | Trustee | 0.3 | $0 |
Charmaine Woods Director | Trustee | 0.3 | $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 | $1,099,119 |
| Investment income | $303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,242 |
| Payroll taxes | $13,766 |
| Fees for services: Management | $47,040 |
| Fees for services: Legal | $1,415 |
| Fees for services: Accounting | $21,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,315 |
| Advertising and promotion | $41 |
| Office expenses | $23,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,755 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,513 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,551 |
| Insurance | $36,154 |
| All other expenses | $50,043 |
| Total functional expenses | $976,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,825 |
| Savings and temporary cash investments | $449,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,918 |
| Net Land, buildings, and equipment | $401,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $638,576 |
| Total assets | $1,679,753 |
| Accounts payable and accrued expenses | $112,893 |
| Grants payable | $0 |
| Deferred revenue | $4,410 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,951 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $956,914 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,088,168 |
| Net assets without donor restrictions | $591,585 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,679,753 |