Civic Intelligence

Broadway Area Community Development Corporation

990 • Fiscal year 2017 • EIN 35-1928008

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

2200 GRANT STREET Room 201Gary, IN 46404

(219) 427-0465

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.50x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

41st percentile

0.6%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-52%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,703,402

Up $15,666 (+0.6%) from 2016

Net Assets

Down

$1,954,876

Down $200,278 (-9.3%) from 2016

Liabilities

Up

$748,526

Up $215,944 (+41%) from 2016

Revenue

Down

$213,760

Down $234,792 (-52%) from 2016

Expenses

Down

$163,106

Down $287,449 (-64%) from 2016

Net Income

Up

$50,654

Up $52,657 (+2629%) from 2016

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

2017

Assets$2,703,402
Liabilities$748,526
Net Assets$1,954,876

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

2017

Revenue$213,760
Expenses$163,106
Net Income$50,654
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$213,760
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,880,276$1,887,742▲ $7,466
Investments Other Securities$542,395$542,395→ $0
Land, Buildings, and Equipment, Net$11,747$19,677▲ $7,930
Cash and Non-Interest-Bearing Accounts$742$1,012▲ $270
Total Assets$2,687,736$2,703,402▲ $15,666
Other Assets Total$252,576$252,576→ $0
Liabilities
Other Liabilities-$522,167-
Mortgage Notes Payable Secured by Investment Property$507,985$140,485▼ $367,500
Accounts Payable and Accrued Expenses$24,597$85,874▲ $61,277
Total Liabilities$532,582$748,526▲ $215,944
Net Assets / Fund Balance
Unrestricted Net Assets$2,155,154$1,954,876▼ $200,278
Total Net Assets Fund Balance$2,155,154$1,954,876▼ $200,278
Total Liabilities and Net Assets / Fund Balance$2,687,736$2,703,402▲ $15,666

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,977$8,186$25,163
Other Land Buildings$2,700-$2,700
Other Assets Org$90,000--
Other Securities$90,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharron LigginsPresident
Shawntell TaylorSecretary
Ranelle AllenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$181,966
Program Service Revenue
$15,601
Investment Income
$0
Other Revenue
$16,193
Change in Net Assets
$50,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,090
Salaries, Compensation, and Employee Benefits$9,015
Grants and Similar Amounts Paid$1
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$68,675--$68,675
Fees for Services Legal$29,490--$29,490
Other Employee Benefits-$8,015-$8,015
Occupancy-$6,403-$6,403
All Other Expenses-$6,360-$6,360
Office Expenses-$6,150-$6,150
Conferences and Meetings$1,614$301-$1,915
Fees for Services Accounting-$1,900-$1,900
Information Technology-$1,750-$1,750
Other Salaries and Wages-$1,000-$1,000
Insurance$902--$902
Advertising-$350-$350
Other Expenses$2,550$252-$252
Grants to Domestic Orgs---$1
Total Functional Expenses$109,777$53,328$0$163,106
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Other Liabilities$521,284
Federal income taxes$883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
No
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 board of directors reviews the form 990

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
2194270465
Address
2200 GRANT STREET Room 201, GARY, IN 46404
Doing Business As
Broadway Area Community Development

Signing Officer

Name
Vernita Leslie
Title
Executive Director
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Chicago Consulting Group
Address
5944 1/2 S Hohman Avenue, Hammond, IN 46320
Preparer
Wilbert Howard
Phone
7089450702
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

Accrued interest on a note held by madison avenue townhomes, lp payable to city of gary was determined to be interest free in 2017. The accrued interest for this loan was written off as a prior period adjustment in 2017.

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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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IRS990ScheduleD/TotalBookValueSecuritiesAmt0542395
IRS990ScheduleD/TotalLiabilityAmt0522167
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IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0Fundraiser
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IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCRUED INTEREST ON A NOTE HELD BY MADISON AVENUE TOWNHOMES, LP PAYABLE TO CITY OF GARY WAS DETERMINED TO BE INTEREST FREE IN 2017. THE ACCRUED INTEREST FOR THIS LOAN WAS WRITTEN OFF AS A PRIOR PERIOD ADJUSTMENT IN 2017.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 8
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0109777
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163106
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0532582
IRS990/TotalLiabilitiesEOYAmt0748526
IRS990/TotalLiabilitiesGrp/BOYAmt0532582
IRS990/TotalLiabilitiesGrp/EOYAmt0748526
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02155154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01954876
IRS990/TotalProgramServiceExpensesAmt0109777
IRS990/TotalProgramServiceRevenueAmt015601
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213760
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02687736
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02703402
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt02155154
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01954876
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02200 GRANT STREET
IRS990/USAddress/CityNm0GARY
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IRS990/VotingMembersIndependentCnt03
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VERNITA LESLIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROADWAY AREA COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0BROA
ReturnHeader/Filer/EIN0351928008
ReturnHeader/Filer/PhoneNum02194270465
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 GRANT STREET Room 201
ReturnHeader/Filer/USAddress/CityNm0GARY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046404
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D151DC53A32FEED66A7D5B744ADBCA3E91991A7F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D151DC53A32FEED66A7D5B744ADBCA3E91991A7F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.216.212.9
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm023:31:52
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Chicago Consulting Group
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05944 1/2 S Hohman Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hammond
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046320
ReturnHeader/PreparerPersonGrp/PhoneNum07089450702
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Wilbert Howard
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-15T05:15:00-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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