Civic Intelligence

Broadway Housing Communities Inc

EIN 13-3212867 • 501(c)3 • New York, NY

View Organization Page

Profile

Broadway housing communities' mission is to counteract the forces of homelessness and poverty in new york city's west harlem and washington heights neighborhoods by sponsoring innovative, affordable housing models that generate educational, civic and cultural resources to benefit both the tenancy and the community. The mission has evolved over three decades- from pioneering housing solutions to homelessness, to a more comprehensive community strategy serving children and families in deep poverty with housing, educational and employment opportunities. This service model has demonstrated that quality permanent housing encourages independence along with the development of valuable neighborhood connections -each of which builds stability and productivity among those at greatest need.

583 Riverside DriveNew York, NY 10031

www.broadwayhousing.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.44x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

31st percentile

-1.3%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

2.5%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-17%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$15,299,281

Up $375,323 (+2.5%) from 2023

Liabilities

Up

$4,324,681

Up $501,844 (+13%) from 2023

Net Assets

Down

$10,974,600

Down $126,521 (-1.1%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin31st percentile

Revenue

Down

$9,789,750

Down $1,987,845 (-17%) from 2023

Expenses

Up

$9,921,443

Up $785,705 (+8.6%) from 2023

Net Income

Down

-$131,693

Down $2,773,550 (-105%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $8,786,652Liabilities 2010: $315,125Net Assets 2010: $8,471,5272010Assets 2011: $6,490,056Liabilities 2011: $315,231Net Assets 2011: $6,174,8252011Assets 2012: $13,083,762Liabilities 2012: $381,793Net Assets 2012: $12,701,9692012Assets 2013: $11,533,087Liabilities 2013: $454,869Net Assets 2013: $11,078,2182013Assets 2014: $11,238,199Liabilities 2014: $729,105Net Assets 2014: $10,509,0942014Assets 2015: $11,558,053Liabilities 2015: $1,819,277Net Assets 2015: $9,738,7762015Assets 2016: $9,547,427Liabilities 2016: $2,154,404Net Assets 2016: $7,393,0232016Assets 2017: $12,530,630Liabilities 2017: $4,329,130Net Assets 2017: $8,201,5002017Assets 2018: $12,169,913Liabilities 2018: $4,141,807Net Assets 2018: $8,028,1062018Assets 2019: $10,906,825Liabilities 2019: $3,585,299Net Assets 2019: $7,321,5262019Assets 2020: $11,323,187Liabilities 2020: $4,958,052Net Assets 2020: $6,365,1352020Assets 2021: $14,007,162Liabilities 2021: $4,787,320Net Assets 2021: $9,219,8422021Assets 2022: $12,777,980Liabilities 2022: $4,318,716Net Assets 2022: $8,459,2642022Assets 2023: $14,923,958Liabilities 2023: $3,822,837Net Assets 2023: $11,101,1212023Assets 2024: $15,299,281Liabilities 2024: $4,324,681Net Assets 2024: $10,974,6002024

Highlighted filing

2024

Assets$15,299,281
Liabilities$4,324,681
Net Assets$10,974,600
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,823,9342010Revenue 2011: $5,236,245Expenses 2011: $6,767,641Net Income 2011: -$1,531,3962011Expenses 2012: $4,119,9482012Revenue 2013: $3,272,838Expenses 2013: $4,837,486Net Income 2013: -$1,564,6482013Revenue 2014: $5,047,459Expenses 2014: $5,560,357Net Income 2014: -$512,8982014Revenue 2015: $5,997,186Expenses 2015: $6,711,278Net Income 2015: -$714,0922015Revenue 2016: $5,691,260Expenses 2016: $7,227,537Net Income 2016: -$1,536,2772016Revenue 2017: $9,313,058Expenses 2017: $8,460,767Net Income 2017: $852,2912017Revenue 2018: $7,358,096Expenses 2018: $7,529,744Net Income 2018: -$171,6482018Revenue 2019: $8,750,789Expenses 2019: $9,490,973Net Income 2019: -$740,1842019Revenue 2020: $7,079,269Expenses 2020: $8,043,978Net Income 2020: -$964,7092020Revenue 2021: $9,859,889Expenses 2021: $7,029,308Net Income 2021: $2,830,5812021Revenue 2022: $8,027,659Expenses 2022: $8,296,321Net Income 2022: -$268,6622022Revenue 2023: $11,777,595Expenses 2023: $9,135,738Net Income 2023: $2,641,8572023Revenue 2024: $9,789,750Expenses 2024: $9,921,443Net Income 2024: -$131,6932024

Highlighted filing

2024

Revenue$9,789,750
Expenses$9,921,443
Net Income-$131,693
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,299,281
Liabilities
$4,324,681
Net assets
$10,974,600
Revenue
$9,789,750
Expenses
$9,921,443
Net income
-$131,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.3$4.32$11.0$9.79$9.92$0.13
2023Detailed filing. Detailed filing data is available for this year.$14.9$3.82$11.1$11.8$9.14$2.64
2022Detailed filing. Detailed filing data is available for this year.$12.8$4.32$8.46$8.03$8.30$0.27
2021Detailed filing. Detailed filing data is available for this year.$14.0$4.79$9.22$9.86$7.03$2.83
2020Detailed filing. Detailed filing data is available for this year.$11.3$4.96$6.37$7.08$8.04$0.96
2019Detailed filing. Detailed filing data is available for this year.$10.9$3.59$7.32$8.75$9.49$0.74
2018Detailed filing. Detailed filing data is available for this year.$12.2$4.14$8.03$7.36$7.53$0.17
2017Detailed filing. Detailed filing data is available for this year.$12.5$4.33$8.20$9.31$8.46$0.85
2016Detailed filing. Detailed filing data is available for this year.$9.55$2.15$7.39$5.69$7.23$1.54
2015Detailed filing. Detailed filing data is available for this year.$11.6$1.82$9.74$6.00$6.71$0.71
2014Detailed filing. Detailed filing data is available for this year.$11.2$0.73$10.5$5.05$5.56$0.51
2013Detailed filing. Detailed filing data is available for this year.$11.5$0.45$11.1$3.27$4.84$1.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.38$12.7$4.12
2011Summary only. Only limited summary data is available for this year.$6.49$0.32$6.17$5.24$6.77$1.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$0.32$8.47$3.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$10,103,197
Mission and Program Overview

Mission

Broadway Housing Communities ("BHC") is a non-profit organization recognized since 1983 for pioneering high-impact solutions to the challenges of poverty, inequality and homelessness in the New York City neighborhoods of Washington Heights and West Harlem. Today, BHCs innovative model leverages the synergies of housing, education and the arts to create meaningful change for children, families, adults and communities challenged by the twin forces of neglect and gentrification.

Bhc provides low-income housing to the underserved in west harlem and washington heights new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,375,689$5,375,689→ $0
Accounts Receivable$2,500,383$3,516,737▲ $1,016,354
Pledges and Grants Receivable$1,715,063$1,646,721▼ $68,342
Land, Buildings, and Equipment, Net$375,788$329,972▼ $45,816
Cash and Non-Interest-Bearing Accounts$261,096$284,009▲ $22,913
Savings and Temporary Cash Investments$61,357$44,856▼ $16,501
Prepaid Expenses and Deferred Charges-$28,181-
Investments in Publicly Traded Securities$63,273$617▼ $62,656
Total Assets$14,923,958$15,299,281▲ $375,323
Other Assets Total$4,571,309$4,072,499▼ $498,810
Liabilities
Other Liabilities$2,980,930$2,980,930→ $0
Accounts Payable and Accrued Expenses$841,907$1,147,823▲ $305,916
Deferred Revenue-$195,928-
Total Liabilities$3,822,837$4,324,681▲ $501,844
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,101,121$10,974,600▼ $126,521
Total Net Assets Fund Balance$11,101,121$10,974,600▼ $126,521
Total Liabilities and Net Assets / Fund Balance$14,923,958$15,299,281▲ $375,323

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$329,972$862,864$1,192,836
Equipment$0$185,504$185,504
Other Assets Org$2,421,951--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charlene MelvilleExecutive DirectorPT$257,692$31,386$289,078
David NathansonChief Financial OfficerPT$205,207$39,418$244,625
Janet MccreathDirector of FinanceFT$168,151$39,530$207,681
Jan PetriganDirector of OperationsPT$153,864$22,874$176,738
Nasreen FerdousDirector of Human ResourceFT$120,692$40,457$161,149

Board Members and Trustees

NameTitle
Alan WeilChairman
Saddie SmithVice Chair
Trevor AdlerVice Chair
Christopher OmachiDirector
Kristen ChardDirector
Miriam RaccahDirector
Patti LiebermanDirector
Princess V LylesDirector
Rich MerserauDirector
Roman JacksonDirector
Sheri SandlerDirector
Susan MackenzieDirector
Thomas Kearns EsqDirector
Valerie CampbellDirector
Fr John FeliceDirector/emeritus (non-voting)
Fr John McvainDirector/emeritus (non-voting)
Neil BhargavaSecretary
Michael SullivanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Grant ThorntonAccounting Services757 THIRD AVENUE 3RD FLOOR, New York, NY 10017$139,598
Mirram GroupLobbying Services215 PARK AVE S 15 FLOOR, New York, NY 10003$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$7,911,240
Program Service Revenue
$1,903,495
Investment Income
$277,238
Other Revenue
$-302,223
All Other Contributions
$1,292,013
Change in Net Assets
$-131,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,742,379
Other Expenses$3,633,844
Grants and Similar Amounts Paid$1,545,220
Total Fundraising Expense$452,947
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,352,527$1,066,420$179,881$2,598,828
Grants to Domestic Orgs$1,545,220--$1,545,220
Office Expenses$942,347$512,407$84,660$1,539,414
Other Employee Benefits$712,697$282,136$47,590$1,042,423
Current Officers, Directors, Trustees, and Key Employees$485,723$192,284$32,434$710,441
Fees for Services Other$557,169-$37,205$594,374
Information Technology$341,349$135,130$22,793$499,272
Payroll Taxes$267,110$105,741$17,836$390,687
Insurance$144,068$57,032$9,620$210,720
Fees for Services Accounting-$139,598-$139,598
Fees for Services Lobbying$122,000--$122,000
All Other Expenses$69,623$27,717$4,675$102,015
Depreciation Depletion-$45,816-$45,816
Travel$24,062$9,525$1,607$35,194
Other Expenses$21,145$8,371$1,412$30,928
Fees for Services Legal-$24,651-$24,651
Total Functional Expenses$6,783,216$2,685,280$452,947$9,921,443
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLINGNew York, NY501(c)(3)General Support$1,545,220
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$313,447
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$411,197-$206,019-
Total Events$411,197-$313,447$-313,447
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$2,980,930
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees in either paper or electronic form for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Each officer, director, trustee and key employee of the organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the organization. The organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

Form 990, Part VI, Section B, Line 15

“The organization undertakes an internal review of executive compensation as part of its annual budgeting process. The organization's board reviews the compensation of its executive director and other key personnel based on analyzing current market trends and review of comparable level compensation and board level review of employee's performance.”

Form 990, Part VI, Section C, Line 19

“Bhc makes its form 990 available to the public by retaining a copy at its place of business; it is, likewise, published on the internet at www.guidestar.org. The financial statements, governing documents and conflict of interest policy are available to the public at management's discretion.”

Filing and Contact Details

Filer

Filer Name
Broadway Housing Communities Inc
EIN
13-3212867
Phone
2125682030
Address
583 RIVERSIDE DRIVE, NEW YORK, NY 10031

Signing Officer

Name
Janet Mccreath
Title
Director of Finance
Phone
2125682030
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Miriam Raccah
Formed
1983
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
16
Employees
120
Volunteers
0

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 9TH FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Asc 740 footnote bhc (and its consolidated subsidiaries) follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Bhc (and each of its subsidiaries) have been granted exemption from federal income tax pursuant to section 501 (c)(3) and 501 (c)(4) of the internal revenue code. Bhc has processes presently in place to ensure the maintenance of each entity's tax-exempt status; to identify and report unrelated business income; to determine filing and tax obligations in jurisdictions for which they have nexus; and to identify and evaluate other matters that may be considered tax positions. Bhc has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. In addition, bhc has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities.”

Raw XML AppendixShowing 400 of 951 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BHC PROVIDES LOW-INCOME HOUSING TO THE UNDERSERVED IN WEST HARLEM AND WASHINGTON HEIGHTS NEW YORK.
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IRS990/Desc0SEE SCHEDULE OSINCE 2003, BHC HAS PROVIDED HIGH QUALITY ARTS-INFUSED EARLY CHILDHOOD EDUCATION PROGRAMS FOR RESIDENT AND NEIGHBORHOOD CHILDREN. TOGETHER, BHC'S TWO EARLY CHILDHOOD CENTERS HAVE THE CAPACITY TO SERVE OVER 250 CHILDREN FROM BIRTH TO AGE FIVE AND THEIR FAMILIES. INVESTMENT IN EARLY CHILDHOOD EDUCATION IS WIDELY ACKNOWLEDGED TO BE CRITICAL TO THE HEALTH OF OUR ECONOMY AND THE WELLBEING OF OUR CHILDREN, YET NEW YORK STATE HAS FALLEN TO 24TH NATIONALLY FOR STATE FUNDING PER CHILD.THE IMPACT OF THAT NEGLECT FALLS MOST HARSHLY ON THE YOUNGEST IN POOR AND NEW IMMIGRANT COMMUNITIES. RECENT RESEARCH HAS FOUND THAT PARTICIPATION IN HIGH QUALITY EARLY EDUCATION PROGRAMS BOOSTS THE PERFORMANCE OF THE MOST DISADVANTAGED CHILDREN AND CONTRIBUTES TO A 20-50% REDUCTION IN INCOME-RELATED SCHOOL READINESS GAPS. BHC HAS LONG RECOGNIZED THE VITAL ROLE OF HIGH QUALITY EARLY EDUCATION TO SUPPORT POSITIVE OUTCOMES FOR UNDERSERVED CHILDREN AND THEIR FAMILIES, INCLUDING THE FORMERLY HOMELESS, THOSE LIVING NEAR OR BELOW THE FEDERAL POVERTY LINE AND NEW IMMIGRANTS WITH LIMITED OR NO ENGLISH LANGUAGE SKILLS.BHC'S DOROTHY DAY EARLY CHILDHOOD CENTER AND SUGAR HILL MUSEUM PRESCHOOL OFFER FULL DAY CENTERBASED PRESCHOOL PROGRAMS AND HOME-VISITING PROGRAMS FOR INFANTS AND TODDLERS THAT PROMOTE SCHOOL READINESS, PHYSICAL HEALTH, SOCIAL-EMOTIONAL AND COGNITIVE DEVELOPMENT, AND FAMILY ENGAGEMENT.CRITICAL SERVICES AT BOTH CENTERS INCLUDE INTENSIVE PARENTING EDUCATION PROGRAMS THAT PROVIDE THE FRAMEWORK AND TOOLS FOR PARENTS TO SUPPORT THE DEVELOPMENT OF THEIR CHILDREN'S ORAL AND LITERACY SKILLS, ENRICHMENT OPPORTUNITIES BOTH INSIDE AND OUTSIDE THE CLASSROOM THAT PROVIDE CULTURALLY-COMPETENT EARLY LITERACY INTERVENTION TO REDUCE OR ELIMINATE THE ENORMOUS WORD GAP BETWEEN LOW-INCOME AND MORE AFFLUENT CHILDREN, IDENTIFICATION OF SPECIAL NEEDS, MEDICAL ASSESSMENTS AND COORDINATED MEDICAL SERVICES, MENTAL HEALTH ASSESSMENTS AND SUPPORT FOR PARENTS AND CHILDREN, AND ONGOING SCHOOL PLACEMENT SUPPORT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF HUMAN RESOURCE
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IRS990/MissionDesc0BROADWAY HOUSING COMMUNITIES SEEKS TO ACTIVELY ENGAGE AND SUPPORT THE COMMUNITY WE SERVE THROUGH A UNIQUE SUPPORTIVE MODEL BLENDING STABLE AFFORDABLE HOUSING, ACCESS TO THE ARTS, AND EARLY CHILDHOOD EDUCATION PROGRAMS. (SEE SCHEDULE O).SINCE 1983, BROADWAY HOUSING COMMUNITIES (BHC) HAS PROVIDED PERMANENT HOMES FOR THOUSANDS OF ADULTS, CHILDREN AND FAMILIES; HIGH QUALITY EARLY CHILDHOOD PROGRAMS THAT IMPROVE OUTCOMES FOR RESIDENT AND COMMUNITY CHILDREN; AND OPPORTUNITIES FOR LOCAL ARTISTS TO EXHIBIT THEIR WORK AND ENGAGE THE COMMUNITY.THE SUCCESS OF OUR MODEL IS ROOTED IN COMMUNITY, AND A COMMITMENT TO ENSURING THAT THE ADULTS, CHILDREN AND FAMILIES WE SERVE RECEIVE THE SUPPORT THEY NEED TO LIVE INDEPENDENT, STABLE LIVES. PLEASE ENJOY THE SLIDESHOW BELOW, CREATED ON THE OCCASION OF BROADWAY HOUSING COMMUNITIES' 30TH ANNIVERSARY IN 2013, WITH ITS COMPREHENSIVE AND INCLUSIVE HISTORY OF THE MANY PASSIONATE INDIVIDUALS WHO CAME TOGETHER TO BUILD, SUSTAIN AND FURTHER OUR MISSION.
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