BROADWAY APARTMENTS INC (EIN 311569129) - 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

1997

Legal Domicile

Principal Officer

JOHN BLOOMFIELD

Phone

5052937553

Tax Period

2022-07-01 to 2023-06-30

BROADWAY APARTMENTS INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $106K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $119K exceeded revenue, resulting in a 12% operating deficit.

Mission

BROADWAY APARTMENTS WAS FOUNDED TO PROVIDE HOUSING FOR PERSONS WITH DISABILITIES DUE TO MENTAL ILLNESS, LOW INCOME PERSONS, AND HOMELESS MEN AND WOMEN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $105,902

Investment Income $313

Other Revenue $0

TOTAL REVENUE $106,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,045

Fundraising Expenses $0

Program Expenses $99,159

Other Expenses $95,493

TOTAL EXPENSES $118,538

Year-over-Year Comparison

	2022	2021	Change
Revenue	$106,215	$94,319	+0.1%
Expenses	$118,538	$111,886	+0.1%
Net Income	$-12,323	$-17,567	-0.3%

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

$246,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL THOMPSON	DIRECTOR	0.20	Director	$0	$0	$0
WILL REARDON	DIRECTOR	0.20	Director	$0	$0	$0
CHANDRA DORAN	DIRECTOR	0.20	Director	$0	$0	$0
JOHN BLOOMFIELD	EXECUTIVE DIRECTOR	8.00	Officer	$13,659	$0	$246,515
PAUL VAN GULICK	PRESIDENT/TREASURER	0.20	Officer	$0	$0	$0
PATRICIA RAY	SECRETARY	0.20	Officer	$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
2024	No data	No data	No data	No data
2023	$106,215	$118,538	$318,777	$-12,323
2022	$94,319	$111,886	$340,110	$-17,567
2021	$95,844	$82,372	$366,570	$13,472
2020	$87,413	$88,270	$368,760	$-857
2019	$90,697	$73,151	$381,102	$17,546

BROADWAY APARTMENTS INC