NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
BROADWAY HOUSING COMMUNITIES SEEKS TO ACTIVELY ENGAGE AND SUPPORT THE COMMUNITY WE SERVE THROUGH A UNIQUE SUPPORTIVE MODEL BLENDING STABLE AFFORDABLE HOUSING, ACCESS TO THE ARTS, AND EARLY CHILDHOOD EDUCATION PROGRAMS. (SEE SCHEDULE O).SINCE 1983, BROADWAY HOUSING COMMUNITIES (BHC) HAS PROVIDED PERMANENT HOMES FOR THOUSANDS OF ADULTS, CHILDREN AND FAMILIES; HIGH QUALITY EARLY CHILDHOOD PROGRAMS THAT IMPROVE OUTCOMES FOR RESIDENT AND COMMUNITY CHILDREN; AND OPPORTUNITIES FOR LOCAL ARTISTS TO EXHIBIT THEIR WORK AND ENGAGE THE COMMUNITY.THE SUCCESS OF OUR MODEL IS ROOTED IN COMMUNITY, AND A COMMITMENT TO ENSURING THAT THE ADULTS, CHILDREN AND FAMILIES WE SERVE RECEIVE THE SUPPORT THEY NEED TO LIVE INDEPENDENT, STABLE LIVES. PLEASE ENJOY THE SLIDESHOW BELOW, CREATED ON THE OCCASION OF BROADWAY HOUSING COMMUNITIES' 30TH ANNIVERSARY IN 2013, WITH ITS COMPREHENSIVE AND INCLUSIVE HISTORY OF THE MANY PASSIONATE INDIVIDUALS WHO CAME TOGETHER TO BUILD, SUSTAIN AND FURTHER OUR MISSION.
SINCE 2003, BHC HAS PROVIDED HIGH QUALITY ARTS-INFUSED EARLY CHILDHOOD EDUCATION PROGRAMS FOR RESIDENT AND NEIGHBORHOOD CHILDREN. TOGETHER, BHC'S TWO EARLY CHILDHOOD CENTERS HAVE THE CAPACITY TO...
SINCE 2003, BHC HAS PROVIDED HIGH QUALITY ARTS-INFUSED EARLY CHILDHOOD EDUCATION PROGRAMS FOR RESIDENT AND NEIGHBORHOOD CHILDREN. TOGETHER, BHC'S TWO EARLY CHILDHOOD CENTERS HAVE THE CAPACITY TO SERVE OVER 250 CHILDREN FROM BIRTH TO AGE FIVE AND THEIR FAMILIES. INVESTMENT IN EARLY CHILDHOOD EDUCATION IS WIDELY ACKNOWLEDGED TO BE CRITICAL TO THE HEALTH OF OUR ECONOMY AND THE WELLBEING OF OUR CHILDREN, YET NEW YORK STATE HAS FALLEN TO 24TH NATIONALLY FOR STATE FUNDING PER CHILD.THE IMPACT OF THAT NEGLECT FALLS MOST HARSHLY ON THE YOUNGEST IN POOR AND NEW IMMIGRANT COMMUNITIES. RECENT RESEARCH HAS FOUND THAT PARTICIPATION IN HIGH QUALITY EARLY EDUCATION PROGRAMS BOOSTS THE PERFORMANCE OF THE MOST DISADVANTAGED CHILDREN AND CONTRIBUTES TO A 20-50% REDUCTION IN INCOME-RELATED SCHOOL READINESS GAPS. BHC HAS LONG RECOGNIZED THE VITAL ROLE OF HIGH QUALITY EARLY EDUCATION TO SUPPORT POSITIVE OUTCOMES FOR UNDERSERVED CHILDREN AND THEIR FAMILIES, INCLUDING THE FORMERLY HOMELESS, THOSE LIVING NEAR OR BELOW THE FEDERAL POVERTY LINE AND NEW IMMIGRANTS WITH LIMITED OR NO ENGLISH LANGUAGE SKILLS.BHC'S DOROTHY DAY EARLY CHILDHOOD CENTER AND SUGAR HILL MUSEUM PRESCHOOL OFFER FULL DAY CENTERBASED PRESCHOOL PROGRAMS AND HOME-VISITING PROGRAMS FOR INFANTS AND TODDLERS THAT PROMOTE SCHOOL READINESS, PHYSICAL HEALTH, SOCIAL-EMOTIONAL AND COGNITIVE DEVELOPMENT, AND FAMILY ENGAGEMENT.CRITICAL SERVICES AT BOTH CENTERS INCLUDE INTENSIVE PARENTING EDUCATION PROGRAMS THAT PROVIDE THE FRAMEWORK AND TOOLS FOR PARENTS TO SUPPORT THE DEVELOPMENT OF THEIR CHILDREN'S ORAL AND LITERACY SKILLS, ENRICHMENT OPPORTUNITIES BOTH INSIDE AND OUTSIDE THE CLASSROOM THAT PROVIDE CULTURALLY-COMPETENT EARLY LITERACY INTERVENTION TO REDUCE OR ELIMINATE THE ENORMOUS WORD GAP BETWEEN LOW-INCOME AND MORE AFFLUENT CHILDREN, IDENTIFICATION OF SPECIAL NEEDS, MEDICAL ASSESSMENTS AND COORDINATED MEDICAL SERVICES, MENTAL HEALTH ASSESSMENTS AND SUPPORT FOR PARENTS AND CHILDREN, AND ONGOING SCHOOL PLACEMENT SUPPORT.
BHC HAS DEVELOPED AND CURRENTLY OPERATES FIVE RESIDENTIAL BUILDINGS THAT PROVIDE PERMANENT AFFORDABLE HOUSING AND SERVICES FOR NEARLY 700 CHILDREN AND ADULTS IN WASHINGTON HEIGHTS AND WEST HARLEM...
BHC HAS DEVELOPED AND CURRENTLY OPERATES FIVE RESIDENTIAL BUILDINGS THAT PROVIDE PERMANENT AFFORDABLE HOUSING AND SERVICES FOR NEARLY 700 CHILDREN AND ADULTS IN WASHINGTON HEIGHTS AND WEST HARLEM, TWO HIGH QUALITY EARLY CHILDHOOD CENTERS WITH THE CAPACITY TO SERVE UP TO 250 CHILDREN FROM BIRTH TO FIVE AND THEIR FAMILIES, THREE COMMUNITY ART GALLERIES, AND A NEW CULTURAL INSTITUTION, THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING. REFLECTING BHC'S LONGSTANDING COMMITMENT TO SOCIAL JUSTICE, AND WITH A KEEN UNDERSTANDING OF THE MULTIPLE CAUSES OF GENERATIONAL POVERTY AND HOMELESSNESS, THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING IS DEDICATED TO THE COGNITIVE AND CREATIVE DEVELOPMENT OF CHILDREN AGES 3-8 AND THEIR FAMILIES, PARTICULARLY THOSE GROWING UP IN POVERTY. THE MUSEUMS CURATORIAL AND EDUCATIONAL PROGRAMS WELCOME YOUNG CHILDREN TO ENGAGE WITH, LEARN FROM, AND CONTRIBUTE TO THE CULTURAL LEGACY OF THIS COMMUNITY. BHC'S APPROACH TO SERVING VERY LOW INCOME AND FORMERLY HOMELESS SINGLE ADULTS AND FAMILIES IS DISTINCTIVE BOTH FOR ITS INTEGRATED TENANCY INCLUSIVE OF THOSE WITH SPECIAL NEEDS AS WELL AS THE ACTIVE ENGAGEMENT OF TENANTS IN THE MANAGEMENT OF THEIR OWN HOUSING. A 24/7 FRONT DESK MANAGEMENT SYSTEM IN PLACE AT EACH OF BHC'S FIVE BUILDINGS PROVIDES AROUND-THE-CLOCK SECURITY SERVING AS THE "EYES AND EARS" OF EACH BUILDING AND A PLATFORM FOR COMMUNITY-BUILDING. THE FRONT DESK ALSO PROVIDES PART-TIME EMPLOYMENT FOR TENANTS, MANY ENTERING OR RE-ENTERING THE JOB MARKET. FRONT DESK STAFF DEVELOP VALUABLE SKILLS INCLUDING BASIC COMPUTER AND EMAIL SKILLS VIA A BUILDING MANAGEMENT SYSTEM WHICH ENABLES REAL-TIME COMMUNICATION WITH ADMINISTRATIVE STAFF. BHC'S FIRST FIVE BUILDINGS PRIMARILY SERVE SINGLE ADULTS. WITH THE 2003 OPENING OF DOROTHY DAY APARTMENTS, THE FOCUS WAS BROADENED TO INCLUDE CHILDREN AND FAMILIES IN GREATEST NEED. DESIGNED AS A COMPREHENSIVE APPROACH TO SERVING HIGH RISK FAMILIES, THE BUILDING SERVICES INCLUDE AN EARLY CHILDHOOD PROGRAM SERVING 51 RESIDENT AND NEIGHBORHOOD CHILDREN, LITERACY PROGRAMS FOR YOUTH AND ADULTS, EDUCATIONAL ADVOCACY FOR RESIDENT ADULTS AND CHILDREN FROM K-12 AND INTO COLLEGE. A COMMUNITY ART GALLERY WITH A YEAR-ROUND CALENDAR OF CULTURAL AND CIVIC EVENTS INCLUDING EVENING AND WEEKEND PROGRAMS CELEBRATES LOCAL ARTISTS AND ENRICHES RESIDENTS AND THE WIDER COMMUNITY. THE EDUCATIONAL PARADIGM PILOTED AT DOROTHY DAY APARTMENTS IS REPLICATED AT BHC'S FIFTH AND MOST AMBITIOUS COMMUNITY REVITALIZATION INITIATIVE. KNOWN AS THE SUGAR HILL PROJECT, THIS MIXED-USE DEVELOPMENT IS LOCATED IN HARLEM'S SUGAR HILL HISTORIC DISTRICT AND PROVIDES 124 UNITS OF PERMANENT HOUSING AFFORDABLE TO FAMILIES AT THE LOWEST INCOME BANDS, INCLUDING 25 UNITS SET ASIDE FOR HOUSEHOLDS EXITING THE HOMELESS SHELTER SYSTEM. TENANCY, LIKE AT DOROTHY DAY APARTMENTS, IS INTEGRATED AND INCLUSIVE OF THOSE WITH SPECIAL NEEDS. STAFF ARE ACTIVELY ENGAGED WITH RESIDENT ADULTS, CHILDREN AND FAMILIES, AND PROVIDES SERVICES AS NEEDED THE SUGAR HILL PROJECT INCLUDES A LICENSED EARLY CHILDHOOD CENTER WITH THE CAPACITY TO SERVE UP TO 200 CHILDREN FROM BIRTH TO AGE FIVE AND THEIR FAMILIES IN CENTER- AND HOME-BASED PROGRAMS. GRACED BY FLOOR TO CEILING WINDOWS, ABUNDANT LIGHT AND INDOOR AND OUTDOOR PLAY SPACE, THE EARLY CHILDHOOD CENTER IS LOCATED AT GROUND LEVEL AND ADJACENT TO THE SUGAR HILL PROJECTS CULTURAL CAPSTONE, THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING. THE INCLUSION OF A CULTURAL INSTITUTION AT SUGAR HILL IS A NATURAL EXTENSION OF OUR SERVICE MODEL WHICH ENGAGES FAMILIES AND CHILDREN IN CREATING VIBRANT COMMUNITIES. THE MUSEUM OFFERS 17,000 SQUARE FEET OF EXHIBITION, ART MAKING AND GATHERING SPACE AND SERVES A BROAD AUDIENCE OF BUILDING RESIDENTS, COMMUNITY MEMBERS, SCHOOL GROUPS AND EDUCATORS AND VISITORS FROM NEAR AND FAR.
BHC MAINTAINS A ROBUST SCHEDULE OF ARTS AND CULTURAL PROGRAMING THROUGH ITS THREE COMMUNITY ART GALLERIES, TWO ARTS-BASED EARLY CHILDHOOD EDUCATION CENTERS, AND THE SUGAR HILL CHILDREN'S MUSEUM OF...
BHC MAINTAINS A ROBUST SCHEDULE OF ARTS AND CULTURAL PROGRAMING THROUGH ITS THREE COMMUNITY ART GALLERIES, TWO ARTS-BASED EARLY CHILDHOOD EDUCATION CENTERS, AND THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING ("SHCMAS"). THE RIO PENTHOUSE, RIO II, AND RIO III GALLERIES SERVE THE RESIDENTS OF UPPER MANHATTAN THROUGH MONTHLY GALLERY EXHIBITIONS SHOWCASING THE WORK OF LOCAL ARTISTS, AS WELL AS RELATED ARTIST TALKS, POETRY READINGS, LITERARY EVENTS, AND A VARIETY OF COMMUNITY MEETINGS AND EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR.THE DOROTHY DAY EARLY CHILDHOOD EDUCATION CENTER AND SUGAR HILL MUSEUM PRESCHOOL PROVIDE ACCESS TO A HIGH-QUALITY ARTS-BASED, LITERACY-RICH EARLY CHILDHOOD PROGRAMS AND SERVICES FOR LOCAL CHILDREN, AGES 05, AND THEIR FAMILIES. SHCMAS ACTIVELY ADDRESSES THE COGNITIVE DEVELOPMENT OF 3- TO 8-YEAR-OLD CHILDREN RECOGNIZED BY EDUCATORS AS BEING THE MOST RECEPTIVE AGE RANGE FOR LEARNING THROUGH THE ARTS, THROUGH REGULAR EXHIBITIONS OF ARTWORK BY CONTEMPORARY ARTISTS AND EDUCATIONAL AND COMMUNITY PROGRAMS FOR ALL AGES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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