BROADWAY DEVELOPMENT CORPORATION

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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

1950

Legal Domicile

Phone

4439978688

Tax Period

2024-07-01 to 2025-06-30

BROADWAY DEVELOPMENT CORPORATION, founded in 1950, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $996K, a strong 36% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

BROADWAY DEVELOPMENT CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF...

BROADWAY DEVELOPMENT CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME FROM THE PROPERTY (LESS EXPENSES) TO ITS SHAREHOLDERS, THE JOHNS HOPKINS UNIVERSITY (JHU) AND JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHS). JHU AND JHHS ARE IRC SECTION 501(C)(3) ORGANIZATIONS.

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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 $0

Program Service Revenue $2,604,336

Investment Income $185,313

Other Revenue $0

TOTAL REVENUE $2,789,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,793,349

TOTAL EXPENSES $1,793,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,789,649	$2,568,147	+0.1%
Expenses	$1,793,349	$2,263,875	-0.2%
Net Income	$996,300	$304,272	+2.3%

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

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
KEVIN SOWERS	CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHERYL SADRO	DIRECTOR	1.0	Director	$0	$0	$0
FRANCIS KNOTT	DIRECTOR	1.0	Director	$0	$0	$0
JOHNNIE WATSON	DIRECTOR	1.0	Director	$0	$0	$0
LAURENT HELLER	DIRECTOR	1.0	Director	$0	$0	$0
SALLY MACCONNELL	Director	1.0	Director	$0	$0	$0
SCOTT JONAS	DIRECTOR	1.0	Director	$0	$0	$0
WALTER PINKARD JR	DIRECTOR	1.0	Director	$0	$0	$0
MITCHELL BONANNO	PRESIDENT	1.0	Officer	$0	$0	$0
NICOLE SMITH	TREASURER	1.0	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
2025	$2,789,649	$1,793,349	$7,752,574	$996,300
2024	$2,568,147	$2,263,875	$6,541,826	$304,272
2023	$2,466,876	$2,736,526	$5,280,893	$-269,650
2022	$2,209,564	$2,479,252	$4,128,781	$-269,688
2021	$1,902,912	$2,147,310	$3,488,112	$-244,398