BROAD STREET RESTORATION SOCIETY I… - 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

2018

Legal Domicile

Principal Officer

MARK R CHAPMAN

Phone

2513431200

Tax Period

2024-01-01 to 2024-12-31

BROAD STREET RESTORATION SOCIETY INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 85% operating margin.

Mission

TO SERVE AS THE CATALYST FOR FUTURE HISTORIC PRESERVATION AND BRING ENERGY TO AN AREA THAT IS PRESENTLY NEGLECTED AND LARGELY RUN DOWN BY RENOVATING AND PRESERVING A NEGLECTED BUIDLING AND SURROUNDING LAND IN ONE OF MOBILE'S OLDEST NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $189,895 Revenue: $135,000

ACQUISITION OF LAND AND A NEGLECTED BUILDING IN ONE OF MOBILE'S OLDEST NEIGHBORHOODS

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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 $1,106,150

Program Service Revenue $135,000

Investment Income $24,105

Other Revenue $3,677

TOTAL REVENUE $1,268,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,895

Other Expenses $189,895

TOTAL EXPENSES $189,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,268,932	$807,698	+0.6%
Expenses	$189,895	$267,109	-0.3%
Net Income	$1,079,037	$540,589	+1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY J HARTLEY	SECRETARY	0.10	Officer Director	$0	$0	$0
ELLIOT MAISEL	PRESIDENT	0.10	Officer Director	$0	$0	$0
MARK CHAPMAN	TREASURER	0.10	Officer Director	$0	$0	$0
BRYAN PAPE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT CAMPBELL	DIRECTOR	0.10	Director	$0	$0	$0
BRENT BARKIN	DIRECTOR	0.10	Director	$0	$0	$0
THOMAS BENDER	DIRECTOR	0.10	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
2024	$1,268,932	$189,895	$5,344,996	$1,079,037
2023	$807,698	$267,109	$4,489,734	$540,589
2022	$329,662	$249,032	$4,163,741	$80,630
2021	$546,155	$223,683	$4,288,673	$322,472
2020	$525,793	$70,902	$4,139,721	$454,891
2019	$1,027,950	$81,870	$1,605,305	$946,080
2018	$9,618	$27,482	$582,136	$-17,864

BROAD STREET RESTORATION SOCIETY INC