Civic Intelligence

Broadway Housing Development Fund Company Inc.

990 • Fiscal year 2013 • EIN 22-2917994

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 10, 2014

Organization ProfileBROADWAYHOUSING.ORG
583 Riverside DriveSuite10031

(212) 568-2030

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.52x

Higher debt load relative to assets than 70% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

95th percentile

6.23x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

14th percentile

-9.1%

Higher net margin than 14% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

48th percentile

$228,919

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

14th percentile

-4.5%

Faster asset growth than 14% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$25,661,954

Down $1,206,845 (-4.5%) from 2012

Net Assets

Down

$12,385,390

Down $193,098 (-1.5%) from 2012

Liabilities

Down

$13,276,564

Down $1,013,747 (-7.1%) from 2012

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin14th percentile

Revenue

$2,129,679

No earlier filing loaded for comparison.

Expenses

Down

$2,322,777

Down $439,965 (-16%) from 2012

Net Income

-$193,098

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $20,299,426Liabilities 2010: $14,845,010Net Assets 2010: $5,454,4162010Assets 2011: $22,931,132Liabilities 2011: $14,713,320Net Assets 2011: $8,217,8122011Assets 2012: $26,868,799Liabilities 2012: $14,290,311Net Assets 2012: $12,578,4882012Assets 2013: $25,661,954Liabilities 2013: $13,276,564Net Assets 2013: $12,385,3902013Assets 2014: $26,044,581Liabilities 2014: $12,694,812Net Assets 2014: $13,349,7692014Assets 2015: $32,414,134Liabilities 2015: $12,705,771Net Assets 2015: $19,708,3632015Assets 2016: $31,574,809Liabilities 2016: $10,044,316Net Assets 2016: $21,530,4932016Assets 2017: $29,873,229Liabilities 2017: $4,072,453Net Assets 2017: $25,800,7762017Assets 2018: $30,311,908Liabilities 2018: $4,373,744Net Assets 2018: $25,938,1642018Assets 2019: $31,731,073Liabilities 2019: $1,658,409Net Assets 2019: $30,072,6642019Assets 2020: $31,858,530Liabilities 2020: $1,733,954Net Assets 2020: $30,124,5762020Assets 2021: $32,985,315Liabilities 2021: $1,761,918Net Assets 2021: $31,223,3972021Assets 2022: $32,880,239Liabilities 2022: $1,990,631Net Assets 2022: $30,889,6082022Assets 2023: $32,077,275Liabilities 2023: $2,247,013Net Assets 2023: $29,830,2622023Assets 2024: $26,315,107Liabilities 2024: $1,250,445Net Assets 2024: $25,064,6622024

Highlighted filing

2013

Assets$25,661,954
Liabilities$13,276,564
Net Assets$12,385,390
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $1,167,1712010Expenses 2011: $1,073,2492011Expenses 2012: $2,762,7422012Revenue 2013: $2,129,679Expenses 2013: $2,322,777Net Income 2013: -$193,0982013Revenue 2014: $2,307,554Expenses 2014: $1,343,175Net Income 2014: $964,3792014Revenue 2015: $8,145,634Expenses 2015: $1,787,040Net Income 2015: $6,358,5942015Revenue 2016: $2,930,663Expenses 2016: $1,108,533Net Income 2016: $1,822,1302016Revenue 2017: $5,728,390Expenses 2017: $1,405,749Net Income 2017: $4,322,6412017Revenue 2018: $2,805,952Expenses 2018: $2,663,372Net Income 2018: $142,5802018Revenue 2019: $5,543,729Expenses 2019: $1,409,229Net Income 2019: $4,134,5002019Revenue 2020: $943,437Expenses 2020: $891,525Net Income 2020: $51,9122020Revenue 2021: $1,839,643Expenses 2021: $703,388Net Income 2021: $1,136,2552021Revenue 2022: $848,119Expenses 2022: $913,515Net Income 2022: -$65,3962022Revenue 2023: $828,752Expenses 2023: $1,943,507Net Income 2023: -$1,114,7552023Revenue 2024: $1,096,231Expenses 2024: $5,885,318Net Income 2024: -$4,789,0872024

Highlighted filing

2013

Revenue$2,129,679
Expenses$2,322,777
Net Income-$193,098
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.1
Gross Receipts
$2,129,679
Mission and Program Overview

Mission

To develop, operate and manage housing in new york city for homeless and low income individuals and families.

To develop, operate and manage housing in nyc for homeless and low nyc for homeless and low income individuals and families to provide social and educational resources to achieve productive lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,874,406$16,911,426▲ $37,020
Land, Buildings, and Equipment, Net$5,444,413$5,284,007▼ $160,406
Cash and Non-Interest-Bearing Accounts$1,324,738$484,642▼ $840,096
Accounts Receivable$29,365$128,231▲ $98,866
Prepaid Expenses and Deferred Charges$42,863$42,863→ $0
Savings and Temporary Cash Investments$28,400$28,404▲ $4
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$26,868,799$25,661,954▼ $1,206,845
Other Assets Total$3,124,614$2,782,381▼ $342,233
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,171,490$6,043,825▼ $127,665
Unsecured Notes Loans Payable$6,674,530$5,924,530▼ $750,000
Other Liabilities$1,010,240$978,028▼ $32,212
Accounts Payable and Accrued Expenses$431,502$275,009▼ $156,493
Deferred Revenue$2,549$55,172▲ $52,623
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$14,290,311$13,276,564▼ $1,013,747
Net Assets / Fund Balance
Unrestricted Net Assets$12,578,488$12,385,390▼ $193,098
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$12,578,488$12,385,390▼ $193,098
Total Liabilities and Net Assets / Fund Balance$26,868,799$25,661,954▼ $1,206,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,037,124$2,461,749$6,498,873
Land$1,245,669-$1,245,669
Equipment$1,214$270,897$272,111
Other Assets Org$445,891--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Susanne DevalleDirector Sugar Hill Museum-$135,204$135,204
Melissa BensonDirector of Development-$120,049$120,049
Robert Mcphillips - FormerChief Financial OfficerPT$117,217$117,217

Board Members and Trustees

NameTitle
Ellen BaxterPresident
Fr John FeliceVice President
Mary Ann VillariSecretary & General Counsel

Highest Paid Contractors

ContractorServicesLocationCompensation
Zubatkin Owner Representative LLCOwner Representative-$392,610
Revenue and Support

Revenue Composition

Contributions and Grants
$270,136
Program Service Revenue
$1,842,761
Investment Income
$539
Other Revenue
$16,243
Change in Net Assets
$-193,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,639,672
Grants and Similar Amounts Paid$683,105
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$683,105--$683,105
Other Expenses$491,479--$491,479
Office Expenses$258,713$334-$259,047
Occupancy$210,537--$210,537
Depreciation Depletion$164,285--$164,285
Fees for Services Management-$97,754-$97,754
Insurance$63,180--$63,180
Fees for Services Accounting-$63,000-$63,000
Interest$36,715--$36,715
Fees for Services Legal$28,879--$28,879
Travel$197--$197
Total Functional Expenses$2,161,689$161,088$0$2,322,777
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
27-5111306-501(c)(4)Development$679,475
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Interest Payable$912,221
Tenant Security Deposits$62,228
Due to Affiliates$3,579
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

EIN
22-2917994
In Care Of
% STEVEN SMITH
Phone
2125682030

Signing Officer

Name
Mary Ann Villari
Title
Chief Operating Officer
Phone
2125682030
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Baxter
Formed
1988
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Preparer
Julie Floch
Phone
2125682030
Supplemental Narrative

Additional Explanations

Form 990

“Form 8868 an application for extension of time to file an exempt organization return was filed. Part vi, section a, line 3 pursuant to an agreement between the organization and bhc, bhc is entitled to a management fee equal to a predetermined % of the gross rental income of properties it services for bhdfc. In addition, bhc pays all payroll and related taxes and benefits through it centralized payroll and charges the organization for these expenses through an intercompany account based on specific employee assignments and estimated allocations. Part vi, section a, line 7a the organization's board of directors are elected by bhc, a related organization. Part vi, section a, line 11a the organization provides copies of the form 990 to its board of directors for review and based on its approval, the form 990 is filed. Part vi, section b, line 12c the organization requires that each of its board members sign an annual conflicts of interest notice. Part vi, section c, line 19 the organization makes it form 990 and consolidated financial statements available upon request. The governing documents and conflicts of interest policy are distributed internally and not made available to the public.”

Financial Statement Notes

Fin 48 Footnote

“The organization follows the provisions of asc 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Because of the organization's general tax-exempt status, asc topic 740-10-05 has not had, and is not expected to have, a material effect on its consolidated financial statements. The organization is no longer subject to examination by federal and state tax authorities for year prior to 2010.”

Raw XML AppendixShowing 400 of 751 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR SUGAR HILL MUSEUM
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt028400
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0150000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08495136
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01123023
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06440704
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IRS990ScheduleA/InvestmentIncomePYPct00.00328
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02018
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,661,954
Liabilities
$13,276,564
Net assets
$12,385,390
Revenue
$2,129,679
Expenses
$2,322,777
Net income
-$193,098
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.3$1.25$25.1$1.10$5.89$4.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.1$2.25$29.8$0.83$1.94$1.11
2022Detailed filing. Detailed filing data is available for this year.$32.9$1.99$30.9$0.85$0.91$0.07
2021Detailed filing. Detailed filing data is available for this year.$33.0$1.76$31.2$1.84$0.70$1.14
2020Detailed filing. Detailed filing data is available for this year.$31.9$1.73$30.1$0.94$0.89$0.05
2019Detailed filing. Detailed filing data is available for this year.$31.7$1.66$30.1$5.54$1.41$4.13
2018Detailed filing. Detailed filing data is available for this year.$30.3$4.37$25.9$2.81$2.66$0.14
2017Detailed filing. Detailed filing data is available for this year.$29.9$4.07$25.8$5.73$1.41$4.32
2016Detailed filing. Detailed filing data is available for this year.$31.6$10.0$21.5$2.93$1.11$1.82
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.4$12.7$19.7$8.15$1.79$6.36
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$12.7$13.3$2.31$1.34$0.96
2013Detailed filing. Detailed filing data is available for this year.$25.7$13.3$12.4$2.13$2.32$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.9$14.3$12.6$2.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$14.7$8.22$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$14.8$5.45$1.17