BROADWAY HOUSING COMMUNITIES INC (EIN 133212867) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

CHARLENE MELVILLE

Phone

2125682030

Tax Period

2023-01-01 to 2023-12-31

BROADWAY HOUSING COMMUNITIES INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 22% operating margin.

Mission

BHC PROVIDES LOW-INCOME HOUSING TO THE UNDERSERVED IN WEST HARLEM AND WASHINGTON HEIGHTS NEW YORK.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,563,833

Program Service Revenue $2,283,513

Investment Income $268,508

Other Revenue $-338,259

TOTAL REVENUE $11,777,595

Expense Breakdown

Grants Paid $620,000

Salaries & Benefits $6,428,963

Fundraising Expenses $408,222

Program Expenses $6,968,940

Other Expenses $2,086,775

TOTAL EXPENSES $9,135,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,777,595	$8,027,659	+0.5%
Expenses	$9,135,738	$8,296,321	+0.1%
Net Income	$2,641,857	$-268,662	-10.8%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

141

Volunteers

N/A

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

$883,546

Total Directors

$467,447

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLENE MELVILLE - ASSOCIATE	DIR./EXECUTIVE DIR. (AS OF 04/23)	25.00	Officer Director	$251,162	$30,648	$281,810
ELLEN BAXTER	EXECUTIVE DIRECTOR (THRU 04/23)	25.00	Officer Director	$149,629	$36,008	$185,637
ALAN WEIL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TREVOR ADLER	DIRECTOR/VICE CHAIR (AS OF 04/23)	2.00	Officer Director	$0	$0	$0
SUSAN MACKENZIE	VICE CHAIR (THRU 04/23)/DIRECTOR	2.00	Officer Director	$0	$0	$0
SADDIE SMITH	DIRECTOR/VICE CHAIR (AS OF 04/23)	2.00	Officer Director	$0	$0	$0
NEIL BHARGAVA	SECRETARY	2.00	Officer Director	$0	$0	$0
VALERIE CAMPBELL	SECRETARY (THRU 04/23)/DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL SULLIVAN	TREASURER	2.00	Director	$0	$0	$0
CARLTON BROWN	DIRECTOR (THRU 04/23)	2.00	Director	$0	$0	$0
KRISTEN CHARD	DIRECTOR	2.00	Director	$0	$0	$0
WENDY CROMWELL	DIRECTOR (THRU 05/23)	2.00	Director	$0	$0	$0
FR JOHN FELICE	DIRECTOR/EMERITUS (NON-VOTING)	2.00	Director	$0	$0	$0
ROMAN JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS KEARNS ESQ	DIRECTOR	2.00	Director	$0	$0	$0
FEMI KUSIMO	DIRECTOR (THRU 11/23)	2.00	Director	$0	$0	$0
PATTI LIEBERMAN	DIRECTOR	2.00	Director	$0	$0	$0
PRINCESS V LYLES	DIRECTOR	2.00	Director	$0	$0	$0
FR JOHN MCVAIN	DIRECTOR/EMERITUS (NON-VOTING)	2.00	Director	$0	$0	$0
RICH MERSERAU	DIRECTOR	2.00	Director	$0	$0	$0
MIRIAM RACCAH	DIRECTOR	2.00	Director	$0	$0	$0
SHERI SANDLER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SEIDEL	DIRECTOR (THRU 04/23)	2.00	Director	$0	$0	$0
CORBY WELCH	DIRECTOR (THRU 04/23)	2.00	Director	$0	$0	$0
CHRISTOPHER OMACHI	DIRECTOR (AS OF 04/23)	2.00	Director	$0	$0	$0
DAVID NATHANSON	CHIEF FINANCIAL OFFICER	25.00	Officer	$207,312	$37,192	$244,504
TAYLOR MORLEY	CHIEF OPERATING OFFICER (THRU 10/23)	25.00	Officer	$150,723	$20,872	$171,595
JANET MCCREATH	DIRECTOR OF FINANCE	35.00	Highest	$162,280	$38,466	$200,746
NASREEN FERDOUS	DIRECTOR OF HUMAN RESOURCE	35.00	Highest	$121,685	$44,299	$165,984
JAEL SANCHEZ	DIRECTOR OF HOUSING	35.00	Highest	$135,129	$22,558	$157,687

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
2024	No data	No data	No data	No data
2023	$11,777,595	$9,135,738	$14,923,958	$2,641,857
2022	$8,027,659	$8,296,321	$12,777,980	$-268,662
2021	$9,859,889	$7,029,308	$14,007,162	$2,830,581
2020	$7,079,269	$8,043,978	$11,323,187	$-964,709
2019	$8,750,789	$9,490,973	$10,906,825	$-740,184
2018	$7,356,351	$7,529,745	$12,169,913	$-173,394
2018	$7,358,096	$7,529,744	$12,169,913	$-171,648

BROADWAY HOUSING COMMUNITIES INC