NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BROADWAY HOUSING DEVELOPMENT FUND CO INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $5.9M exceeded revenue, resulting in a 437% operating deficit.
TO DEVELOP, OPERATE AND MANAGE HOUSING IN NEW YORK CITY FOR HOMELESS AND LOW INCOME INDIVIDUALS AND FAMILIES.
THE ORGANIZATION DEVELOPS, OWNS AND THROUGH ITS NOT FOR PROFIT AFFILIATE, BROADWAY HOUSING COMMUNITIES INC. ("BHC"), MANAGES PERMANENT HOUSING FOR LOW INCOME AND PREVIOUSLY HOMELESS INDIVIDUALS...
THE ORGANIZATION DEVELOPS, OWNS AND THROUGH ITS NOT FOR PROFIT AFFILIATE, BROADWAY HOUSING COMMUNITIES INC. ("BHC"), MANAGES PERMANENT HOUSING FOR LOW INCOME AND PREVIOUSLY HOMELESS INDIVIDUALS, INCLUDING THOSE WITH SPECIAL NEEDS. BHDFC OWNS AND OPERATES 2 SUPPORTIVE HOUSING PROJECTS: THE EDGECOMBE, LOCATED AT 345 EDGECOMBE AVENUE, NEW YORK PROVIDING 21 SINGLE ROOM OCCUPANCY UNITS IN A LANDMARKED BUILDING; AND THE DELTA LOCATED AT 475 WEST 145TH STREET COMPRISED OF 32 STUDIO AND ONE BEDROOM APARTMENTS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,096,231 | $828,752 | +0.3% |
| Expenses | $5,885,318 | $1,943,507 | +2.0% |
| Net Income | $-4,789,087 | $-1,114,755 | +3.3% |
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 | PRESIDENT/CHAIR | 5.00 |
Officer
Director
|
$0 | $31,386 | $289,078 |
| ALAN WEIL | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID NATHANSON | TREASURER/SECRETARY | 5.00 |
Officer
|
$0 | $39,418 | $244,625 |
| JAN PETRIGAN | DIRECTOR OF OPERATIONS | 5.00 |
Officer
|
$0 | $22,874 | $176,738 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,096,231 | $5,885,318 | $26,315,107 | $-4,789,087 |
| 2023 | $828,752 | $1,943,507 | $32,077,275 | $-1,114,755 |
| 2022 | $848,119 | $913,515 | $32,880,239 | $-65,396 |
| 2021 | $1,839,643 | $703,388 | $32,985,315 | $1,136,255 |
| 2020 | $943,437 | $891,525 | $31,858,530 | $51,912 |
| 2019 | $5,543,729 | $1,409,229 | $31,731,073 | $4,134,500 |
| 2018 | $2,805,952 | $2,663,372 | $30,311,908 | $142,580 |
| 2018 | $1,507,746 | $1,325,372 | $29,836,315 | $182,374 |
Compare BROADWAY HOUSING DEVELOPMENT FUND CO INC with other nonprofits in New York and across the country.