BROADWAY HOUSING COMMUNITIES FOUNDATION INC (EIN 460730038) - 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

2012

Legal Domicile

Principal Officer

MIRIAM RACCAH

Phone

2125682030

Tax Period

2024-01-01 to 2024-12-31

BROADWAY HOUSING COMMUNITIES FOUNDATION INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $421K in total revenue in fiscal year 2024. Expenses of $2.5M exceeded revenue, resulting in a 483% operating deficit.

Mission

OUR PRIMARY EXEMPT MISSION IS TO HOLD ASSETS FOR THE BENEFIT OF BROADWAY HOUSING COMMUNITIES, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $750

Program Service Revenue $0

Investment Income $420,258

Other Revenue $0

TOTAL REVENUE $421,008

Expense Breakdown

Grants Paid $2,361,776

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,361,776

Other Expenses $92,342

TOTAL EXPENSES $2,454,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,008	$424,854	0.0%
Expenses	$2,454,118	$1,377,607	+0.8%
Net Income	$-2,033,110	$-952,753	+1.1%

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

$710,441

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FR JOHN M FELICE	DIRECTOR/EMERITUS (NON-VOTING)	2.00	Director	$0	$0	$0
MICHAEL SULLIVAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA TARMY	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
SHAO-PENG MOY	TREASURER	2.00	Officer Director	$0	$0	$0
ALAN WEIL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHARLENE MELVILLE	EXECUTIVE DIRECTOR	1.00	Officer	$0	$31,386	$289,078
DAVID NATHANSON	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$39,418	$244,625
JAN PETRIGAN	DIRECTOR OF OPERATIONS	1.00	Officer	$0	$22,874	$176,738

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	$421,008	$2,454,118	$16,257,278	$-2,033,110
2023	$424,854	$1,377,607	$17,185,376	$-952,753
2022	$264,628	$719,989	$16,432,688	$-455,361
2021	$343,510	$684,955	$19,586,848	$-341,445
2020	$361,221	$732,166	$18,313,711	$-370,945
2019	$349,405	$1,246,172	$16,441,628	$-896,767
2018	$523,022	$1,199,940	$15,339,721	$-676,918
2018	$523,021	$1,199,940	$15,339,720	$-676,919

BROADWAY HOUSING COMMUNITIES FOUNDATION INC