BROADWAY HOUSING SUGAR HILL LESSEE… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

CHARLENE MELVILLE

Phone

2125682030

Tax Period

2023-01-01 to 2023-12-31

BROADWAY HOUSING SUGAR HILL LESSEE INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $435K in total revenue in fiscal year 2023. The organization ran a surplus of $112K, a strong 26% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST IN THE DEVELOPMENT OF THE SUGAR HILL PROJECT, A MULTI-USE BUILDING CONSISTING OF 124 AFFORDABLE STUDIO, ONE, TWO AND THREE BEDROOM APARTMENTS, AN EARLY CHILDHOOD CENTER KNOWN AS THE SUGAR HILL MUSEUM PRE-SCHOOL, RENTAL SPACE, UNDERGROUND PARKING GARAGE AND THE SUGAR HILL CHILDREN'S MUSEUM OF ART AND STORYTELLING.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ORGANIZATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO FACILITATE THE FINANCING FOR THE SUGAR HILL PROJECT, A FACILITY THAT PAIRS PERMANENT HOUSING WITH EARLY EDUCATION AND EDUCATIONAL ADVOCACY...

THE ORGANIZATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO FACILITATE THE FINANCING FOR THE SUGAR HILL PROJECT, A FACILITY THAT PAIRS PERMANENT HOUSING WITH EARLY EDUCATION AND EDUCATIONAL ADVOCACY, AND ACCESS TO THE ARTS. THE ORGANIZATION FACILITATES THE FINANCING VIA SUGAR HILL LEVERAGE, LLC, A NEW YORK LIMITED LIABILITY COMPANY FORMED EXPRESSLY FOR THE PURPOSES OF ADVANCING THE CONSTRUCTION AND DEVELOPMENT OF THE SUGAR HILL PROJECT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $434,900

TOTAL REVENUE $434,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $323,100

TOTAL EXPENSES $323,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,900	$437,371	0.0%
Expenses	$323,100	$325,043	0.0%
Net Income	$111,800	$112,328	0.0%

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

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

$711,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN BAXTER	CHIEF EXECUTIVE OFFICER (THRU 04/23)	2.00	Officer Director	$0	$36,008	$185,637
DAVID NATHANSON	TREASURER/SECRETARY	2.00	Officer Director	$0	$37,192	$244,504
CHARLENE MELVILLE	CHIEF EXECUTIVE OFFICER (AS OF 04/23)	2.00	Officer Director	$0	$30,648	$281,810
ALAN WEIL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TAYLOR MORLEY	CHIEF OPERATING OFFICER (THRU 10/23)	2.00	Officer	$0	$20,872	$171,595

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	$434,900	$323,100	$860,395	$111,800
2022	$437,371	$325,043	$810,159	$112,328

BROADWAY HOUSING SUGAR HILL LESSEE INC