Civic Intelligence

Broadway Area Community Development Corporation

990 • Fiscal year 2015 • EIN 35-1928008

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 18, 2016

839 Massachusetts Street No AGary, IN 46402

(219) 880-1750

Siviq Scores

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

Liabilities / Assets

58th percentile

0.17x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.37x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

96th percentile

107%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

228%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,058,208

Up $1,062,410 (+107%) from 2014

Net Assets

Up

$1,712,266

Up $1,284,434 (+300%) from 2014

Liabilities

Down

$345,942

Down $222,024 (-39%) from 2014

Revenue

Up

$938,874

Up $652,835 (+228%) from 2014

Expenses

Up

$788,439

Up $141,883 (+22%) from 2014

Net Income

Up

$150,435

Up $510,952 (+142%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $693,273Liabilities 2012: $368,285Net Assets 2012: $324,9882012Assets 2014: $995,798Liabilities 2014: $567,966Net Assets 2014: $427,8322014Assets 2015: $2,058,208Liabilities 2015: $345,942Net Assets 2015: $1,712,2662015Assets 2016: $2,687,736Liabilities 2016: $532,582Net Assets 2016: $2,155,1542016Assets 2017: $2,703,402Liabilities 2017: $748,526Net Assets 2017: $1,954,8762017Assets 2018: $1,058,190Liabilities 2018: $204,479Net Assets 2018: $853,7112018Assets 2019: $493,371Liabilities 2019: $366,417Net Assets 2019: $126,9542019Assets 2021: $4,982,643Liabilities 2021: $3,695,048Net Assets 2021: $1,287,5952021Assets 2022: $4,932,076Liabilities 2022: $3,695,048Net Assets 2022: $1,237,0282022

Highlighted filing

2015

Assets$2,058,208
Liabilities$345,942
Net Assets$1,712,266

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $363,2152012Revenue 2014: $286,039Expenses 2014: $646,556Net Income 2014: -$360,5172014Revenue 2015: $938,874Expenses 2015: $788,439Net Income 2015: $150,4352015Revenue 2016: $448,552Expenses 2016: $450,555Net Income 2016: -$2,0032016Revenue 2017: $213,760Expenses 2017: $163,106Net Income 2017: $50,6542017Revenue 2018: $113,806Expenses 2018: $114,648Net Income 2018: -$8422018Revenue 2019: $540,136Expenses 2019: $413,182Net Income 2019: $126,9542019Revenue 2021: $468,993Expenses 2021: $316,745Net Income 2021: $152,2482021Revenue 2022: $99,154Expenses 2022: $149,721Net Income 2022: -$50,5672022

Highlighted filing

2015

Revenue$938,874
Expenses$788,439
Net Income$150,435
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 18, 2016
Return Version
2015v2.1
Gross Receipts
$938,874
Mission and Program Overview

Mission

Property development and mangement to improve the quality of housing within a specified area of gary, in.

Property development and mgmt to improve the quality of housing within a specified area of gary, in.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$452,395$1,524,329▲ $1,071,934
Inventories for Sale or Use$255,000$255,000→ $0
Land, Buildings, and Equipment, Net$19,677$11,747▼ $7,930
Cash and Non-Interest-Bearing Accounts$1,544$8,845▲ $7,301
Prepaid Expenses and Deferred Charges$5,072$0▼ $5,072
Accounts Receivable-$3,733-
Total Assets$995,798$2,058,208▲ $1,062,410
Other Assets Total$262,110$254,554▼ $7,556
Liabilities
Mortgage Notes Payable Secured by Investment Property$272,765$272,765→ $0
Deferred Revenue$78,814$0▼ $78,814
Accounts Payable and Accrued Expenses$71,033$70,365▼ $668
Other Liabilities$145,354$2,812▼ $142,542
Total Liabilities$567,966$345,942▼ $222,024
Net Assets / Fund Balance
Unrestricted Net Assets$427,832$1,712,266▲ $1,284,434
Total Net Assets Fund Balance$427,832$1,712,266▲ $1,284,434
Total Liabilities and Net Assets / Fund Balance$995,798$2,058,208▲ $1,062,410

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,541$13,622$25,163
Other Land Buildings$206$2,494$2,700
Investment Program Related Org$182,112--
Other Assets Org$204,554--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharron LigginsPresident
Darryl WoodsDirector
Shawntell TaylorSecretary
Ranelle AllenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$764,102
Program Service Revenue
$165,442
Investment Income
$0
Other Revenue
$9,330
Change in Net Assets
$150,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$938,874
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$938,874
Total Revenue per Form 990
$938,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$550,000
Salaries, Compensation, and Employee Benefits$140,674
Other Expenses$97,765
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$550,000--$550,000
Other Salaries and Wages$77,371$63,303-$140,674
Office Expenses-$29,279-$29,279
Fees for Services Accounting-$11,546-$11,546
Insurance-$8,395-$8,395
Fees for Services Other$1,715$6,370-$8,085
Depreciation Depletion-$7,930-$7,930
Other Expenses$11,239$5,549-$5,549
All Other Expenses$2,108$2,198-$4,306
Fees for Services Legal-$2,000-$2,000
Travel-$1,828-$1,828
Conferences and Meetings-$1,064-$1,064
Advertising$887--$887
Total Functional Expenses$643,320$145,119$0$788,439

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$788,439
Total Expenses per Form 990$788,439
Total Expenses per Audited Statements$666,886
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-121,553
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nwi Veterans Village LpGary, IN-Home Funds for the Project Nwi Veterans Village$550,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Payroll Taxes Payable$2,812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The board of directors reviews the form 990.

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

The executive director's compensation is approved by the board of directors, which is monitored on a monthly basis.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Broadway Area Community Development
EIN
35-1928008
Phone
2198801750
Address
839 MASSACHUSETTS STREET NO A, GARY, IN 46402

Signing Officer

Name
Vernita Leslie
Title
Executive Director
Phone
2198801750
Signed
2016-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vernita Leslie
Formed
1995
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
120

Preparer

Firm
Tarwater & Company Pc
Address
PO BOX 11622, KNOXVILLE, TN 37939
Preparer
Joe Tarwater
Phone
8655840294
Supplemental Narrative

Additional Explanations

Part XI Line 8 - Prior Period Adjustment

Accrued interest on a note held by madison avenue townhomes, lp payable to city of gary was determined to be interest free in 2015. The accrued interest for this loan was written off as a prior period adjustment in 2015.

FORM 990, PART XI, LINE 9:

Income/loss in madison avenue townh -121,665. Income/loss in nwi vv 112.

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Net unrealized loss on investments -121,553.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt011541
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013622
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025163
IRS990ScheduleD/ExpensesNotReportedAmt0-121553
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0788439
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01342217
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1182112
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT - MADISON AVENUE TOWNHOMES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT - NWI VETERANS VILLAGE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1204554
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT PROPERTY - BAILEY CENTER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEVELOPER FEE RECEIVABLE
IRS990ScheduleD/OtherExpensesIncludedAmt0-121553
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0206
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02494
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0938874
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NET UNREALIZED LOSS ON INVESTMENTS -121,553.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011747
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0254554
IRS990ScheduleD/TotalBookValueProgramRltdAmt01524329
IRS990ScheduleD/TotalExpensesPerForm990Amt0788439
IRS990ScheduleD/TotalLiabilityAmt02812
IRS990ScheduleD/TotalRevenuePerForm990Amt0938874
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0938874
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0666886
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0550000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0HOME FUNDS FOR THE PROJECT NWI VETERANS VILLAGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NWI VETERANS VILLAGE LP
IRS990ScheduleI/RecipientTable/RecipientEIN0900931927
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0839 MASSACHUSETTS ST SUITE B
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GARY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046402
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, WHICH IS MONITORED ON A MONTHLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCRUED INTEREST ON A NOTE HELD BY MADISON AVENUE TOWNHOMES, LP PAYABLE TO CITY OF GARY WAS DETERMINED TO BE INTEREST FREE IN 2015. THE ACCRUED INTEREST FOR THIS LOAN WAS WRITTEN OFF AS A PRIOR PERIOD ADJUSTMENT IN 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCOME/LOSS IN MADISON AVENUE TOWNH -121,665. INCOME/LOSS IN NWI VV 112.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI LINE 8 - PRIOR PERIOD ADJUSTMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0455389448
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NWI VETERANS VILLAGE GP LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0839 MASSACHUSETTS STREET SUITE A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0GARY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd046402
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0351956098
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1900931927
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd11
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0MADISON AVENUE TOWNHOMES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1NWI VETERANS VILLAGE LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0839 MASSACHUSETTS STREET SUITE A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1839 MASSACHUSETTS STREET SUITE A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0GARY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1GARY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1IN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd046402
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd146402
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050028
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1550000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MADISON AVENUE TOWNHOMES LP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NWI VETERANS VILLAGE LP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00

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