BROADWAY AREA COMMUNITY DEVELOPMENT (EIN 351928008) - 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

1995

Legal Domicile

Phone

2194270465

Tax Period

2023-01-01 to 2023-12-31

BROADWAY AREA COMMUNITY DEVELOPMENT, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $892K in total revenue in fiscal year 2023. Revenue surged 799% from the prior year, signaling strong growth momentum. The organization ran a surplus of $705K, a strong 79% operating margin.

Mission

PROPERTY DEVELOPMENT AND MANGEMENT TO IMPROVE THE QUALITY OF HOUSING WITHIN A SPECIFIED AREA OF GARY, IN.

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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 $891,639

Investment Income $0

Other Revenue $0

TOTAL REVENUE $891,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,556

Fundraising Expenses $0

Other Expenses $50,542

TOTAL EXPENSES $187,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$891,639	$99,154	+8.0%
Expenses	$187,098	$149,721	+0.2%
Net Income	$704,541	$-50,567	-14.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARRON LIGGINS	PRESIDENT	001.00	Officer Director	$0	$0	$0
SHAWNTELL TAYLOR	SECRETARY	005.00	Officer Director	$0	$0	$0
RANELLE ALLEN	TREASURER	002.00	Officer Director	$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
2023	$891,639	$187,098	$5,621,657	$704,541
2022	$99,154	$149,721	$4,932,076	$-50,567
2021	$468,993	$316,745	$4,982,643	$152,248
2019	$540,136	$413,182	$493,371	$126,954
2018	$113,806	$114,648	$1,058,190	$-842

BROADWAY AREA COMMUNITY DEVELOPMENT