Civic Intelligence

Broadway Apartments Inc.

990 • Fiscal year 2014 • EIN 31-1569129

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 07, 2014

PO Box 5105587181

(505) 293-7553

Siviq Scores

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

Liabilities / Assets

79th percentile

1.00x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • NTEE L • <$500k nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

5.63x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • NTEE L • <$500k nonprofits • Source year 2014

Net Margin

49th percentile

-1.5%

Higher net margin than 49% of similar nonprofits.

2014 filings • NTEE L • <$500k nonprofits • Source year 2014

Top Officer Pay

96th percentile

$213,889

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 297.8% of source-year revenue.

2014 filings • NTEE L • <$500k nonprofits • Source year 2014

Asset Growth

50th percentile

-2.1%

Faster asset growth than 50% of similar nonprofits.

2014 filings • NTEE L • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$404,477

Down $8,858 (-2.1%) from 2013

Net Assets

Down

$260

Down $1,050 (-80%) from 2013

Liabilities

Down

$404,217

Down $7,808 (-1.9%) from 2013

Revenue

$71,817

No earlier filing loaded for comparison.

Expenses

Down

$72,866

Down $39,467 (-35%) from 2013

Net Income

-$1,049

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2013: $413,335Liabilities 2013: $412,025Net Assets 2013: $1,3102013Assets 2014: $404,477Liabilities 2014: $404,217Net Assets 2014: $2602014Assets 2015: $386,138Liabilities 2015: $395,372Net Assets 2015: -$9,2342015Assets 2016: $367,266Liabilities 2016: $394,446Net Assets 2016: -$27,1802016Assets 2017: $363,632Liabilities 2017: $379,595Net Assets 2017: -$15,9632017Assets 2018: $367,373Liabilities 2018: $371,840Net Assets 2018: -$4,4672018Assets 2019: $381,102Liabilities 2019: $368,023Net Assets 2019: $13,0792019Assets 2021: $366,570Liabilities 2021: $340,876Net Assets 2021: $25,6942021Assets 2022: $340,110Liabilities 2022: $331,983Net Assets 2022: $8,1272022Assets 2023: $318,777Liabilities 2023: $322,973Net Assets 2023: -$4,1962023Assets 2024: $310,843Liabilities 2024: $313,671Net Assets 2024: -$2,8282024

Highlighted filing

2014

Assets$404,477
Liabilities$404,217
Net Assets$260

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2013: $112,3332013Revenue 2014: $71,817Expenses 2014: $72,866Net Income 2014: -$1,0492014Revenue 2015: $73,683Expenses 2015: $83,177Net Income 2015: -$9,4942015Revenue 2016: $79,439Expenses 2016: $97,385Net Income 2016: -$17,9462016Revenue 2017: $79,631Expenses 2017: $68,414Net Income 2017: $11,2172017Revenue 2018: $74,563Expenses 2018: $63,067Net Income 2018: $11,4962018Revenue 2019: $90,697Expenses 2019: $73,151Net Income 2019: $17,5462019Revenue 2021: $95,844Expenses 2021: $82,372Net Income 2021: $13,4722021Revenue 2022: $94,319Expenses 2022: $111,886Net Income 2022: -$17,5672022Revenue 2023: $106,215Expenses 2023: $118,538Net Income 2023: -$12,3232023Revenue 2024: $119,863Expenses 2024: $118,495Net Income 2024: $1,3682024

Highlighted filing

2014

Revenue$71,817
Expenses$72,866
Net Income-$1,049
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 7, 2014
Return Version
2013v3.0
Gross Receipts
$71,817
Mission and Program Overview

Mission

To provide housing for the very low income and mentally disabled.

Broadway apartments was founded to provide housing for persons with disabilities due to mental illness, low income persons, and homeless men and women.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$348,626$336,735▼ $11,891
Cash and Non-Interest-Bearing Accounts$11,562$20,211▲ $8,649
Accounts Receivable$1,918--
Other Notes and Loans Receivable, Net$600--
Prepaid Expenses and Deferred Charges$95--
Total Assets$413,335$404,477▼ $8,858
Other Assets Total$50,534$47,531▼ $3,003
Liabilities
Mortgage Notes Payable Secured by Investment Property$396,847$388,400▼ $8,447
Other Liabilities$13,936$14,585▲ $649
Accounts Payable and Accrued Expenses$1,242$1,232▼ $10
Total Liabilities$412,025$404,217▼ $7,808
Net Assets / Fund Balance
Temporarily Rstr Net Assets$44,793$41,388▼ $3,405
Unrestricted Net Assets$-43,483$-41,128▲ $2,355
Total Net Assets Fund Balance$1,310$260▼ $1,050
Total Liabilities and Net Assets / Fund Balance$413,335$404,477▼ $8,858

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,066$197,693$463,759
Land$70,669-$70,669
Other Land Buildings$0$15,998$15,998
Other Assets Org$6,143--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BloomfieldExecutive DirectorPT$5,040$208,849$5,040

Board Members and Trustees

NameTitle
Mike DennettPresident
Lorette EnochsVice President
Bruce LevinDirector
Lucy VigilDirector
Stu ShermanDirector
Sylvia HughesSecretary
Roger HammondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$71,762
Investment Income
$55
Other Revenue
$0
Change in Net Assets
$-1,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,218
Salaries, Compensation, and Employee Benefits$5,648
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$34,342--$34,342
Depreciation Depletion$11,891--$11,891
Fees for Services Accounting$2,978$3,288-$6,266
Interest$6,019--$6,019
Other Salaries and Wages-$5,040-$5,040
Office Expenses$1,326--$1,326
Fees for Services Other$1,034--$1,034
Payroll Taxes-$608-$608
Other Expenses$50--$50
Total Functional Expenses$63,930$8,936$0$72,866
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Portion of Long Term Debt$8,446
Tenant Security Deposits$6,139
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11

The executive director reviews the form 990 for accuracy before it's filed.

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

The organization has two lawyers and is mindful of any action that may create a potential conflict of interest. Should one arise, the party with the interest would either resign or be recused from deliberations that affect the outcome.

Form 990, Part VI, Section B, Line 15A

The board approves the executive director's salary at initiation. The board president writes an annual appraisal based on the key performance areas in the executive director's job description. It is circulated to board members for comment and salary is determined by the board based on performance and affordability.

Form 990, Part VI, Section C, Line 19

The board policies and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

EIN
31-1569129
Phone
5052937553

Signing Officer

Name
Bruce Levin
Title
Director
Phone
5052937553
Signed
2014-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Bloomfield
Formed
1997
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
Margi Palmer
Phone
5053441040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -1.

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt071762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt070318
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt071069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt065433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt069885
IRS990ScheduleA/Total509Grp/TotalAmt0348467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt071817
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt070381
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt071198
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt066338
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt070220
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0349954
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0266066
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0197693
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0463759
IRS990ScheduleD/LandGrp/BookValueAmt070669
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070669
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt041388
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16143
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED ESCROW ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015998
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CURRENT PORTION OF LONG TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0336735
IRS990ScheduleD/TotalBookValueOtherAssetsAmt047531
IRS990ScheduleD/TotalLiabilityAmt014585
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt05040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt084960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0123889
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN BLOOMFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt05040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0208849
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 FOR ACCURACY BEFORE IT'S FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS TWO LAWYERS AND IS MINDFUL OF ANY ACTION THAT MAY CREATE A POTENTIAL CONFLICT OF INTEREST. SHOULD ONE ARISE, THE PARTY WITH THE INTEREST WOULD EITHER RESIGN OR BE RECUSED FROM DELIBERATIONS THAT AFFECT THE OUTCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S SALARY AT INITIATION. THE BOARD PRESIDENT WRITES AN ANNUAL APPRAISAL BASED ON THE KEY PERFORMANCE AREAS IN THE EXECUTIVE DIRECTOR'S JOB DESCRIPTION. IT IS CIRCULATED TO BOARD MEMBERS FOR COMMENT AND SALARY IS DETERMINED BY THE BOARD BASED ON PERFORMANCE AND AFFORDABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD POLICIES AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10NEW LIFE HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10NEW LIFE HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11FOUNDATION FOR NEW LIFE HOMES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12NLH2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine13NLH3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine14NLH5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine15NLH6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine16NLH4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0850406074
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1912032117
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2850478290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3562316141
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4810661288
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5061830123
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN6364621310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt6501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING FOR LOW INCOME AND DISABLED PEOPLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING FOR LOW INCOME AND DISABLED PEOPLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOUSING FOR LOW INCOME AND DISABLED PEOPLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3HOUSING FOR LOW INCOME AND DISABLED PEOPLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4HOUSING FOR LOW INCOME AND DISABLED PEOPLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5HOUSING FOR LOW INCOME AND DISABLED PEOPLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6HOUSING FOR LOW INCOME AND DISABLED PEOPLE

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