Broadway Apartment Corp (EIN 020741058) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

Gerald E Eickhoff

Phone

6783302000

Tax Period

2024-07-01 to 2025-06-30

Broadway Apartment Corp, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $508K in total revenue in fiscal year 2024.

Mission

To own and operate a rental housing property for low-income elderly persons under section 202 of the National Housing Act.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $501,837

Investment Income $6,365

Other Revenue $0

TOTAL REVENUE $508,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,310

Fundraising Expenses $0

Program Expenses $465,516

Other Expenses $387,671

TOTAL EXPENSES $525,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,202	$489,793	+0.0%
Expenses	$525,981	$504,718	+0.0%
Net Income	$-17,779	$-14,925	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald Eickhoff	President	1.00	Officer Director	$0	$0	$0
Joseph F Glenn till Oct 2024	Vice President	1.00	Officer Director	$0	$0	$0
Earleen S Abernathy from Oct 2024	Vice President/Asst Secretary	1.00	Officer Director	$0	$0	$0
Elizabeth C Glenn	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Larry Gay Reagan	Director	1.00	Director	$0	$0	$0
Kim Delacey	Director	1.00	Director	$0	$0	$0
Robert L Reinhart	Director	1.00	Director	$0	$0	$0
Barry Bumm	Director	1.00	Director	$0	$0	$0
Rebecca Bumm	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$508,202	$525,981	$2,929,517	$-17,779
2024	No data	No data	No data	No data
2023	$449,424	$505,681	$2,954,011	$-56,257
2022	$416,796	$502,329	$3,013,262	$-85,533
2021	$407,185	$506,551	$3,115,867	$-99,366
2020	$397,024	$473,687	$3,193,804	$-76,663
2019	$453,254	$518,643	$3,346,906	$-65,389

Broadway Apartment Corp