Civic Intelligence

Broadway Area Community Development Corporation

990 • Fiscal year 2018 • EIN 35-1928008

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 21, 2019

Organization ProfileN/A
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

63rd percentile

0.19x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.80x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-61%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$1,058,190

Down $1,645,212 (-61%) from 2017

Net Assets

Down

$853,711

Down $1,101,165 (-56%) from 2017

Liabilities

Down

$204,479

Down $544,047 (-73%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin37th percentile

Revenue

Down

$113,806

Down $99,954 (-47%) from 2017

Expenses

Down

$114,648

Down $48,458 (-30%) from 2017

Net Income

Down

-$842

Down $51,496 (-102%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

2018

Assets$1,058,190
Liabilities$204,479
Net Assets$853,711
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

2018

Revenue$113,806
Expenses$114,648
Net Income-$842
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 21, 2019
Return Version
2018v3.1
Gross Receipts
$113,806
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
Investments Other Securities$542,395$542,395→ $0
Accounts Receivable$1,887,742$280,214▼ $1,607,528
Land, Buildings, and Equipment, Net$19,677$27,863▲ $8,186
Cash and Non-Interest-Bearing Accounts$1,012$142▼ $870
Total Assets$2,703,402$1,058,190▼ $1,645,212
Other Assets Total$252,576$207,576▼ $45,000
Liabilities
Other Liabilities$522,167--
Mortgage Notes Payable Secured by Investment Property$140,485$140,485→ $0
Accounts Payable and Accrued Expenses$85,874$63,994▼ $21,880
Total Liabilities$748,526$204,479▼ $544,047
Net Assets / Fund Balance
Unrestricted Net Assets$1,954,876$853,711▼ $1,101,165
Total Net Assets Fund Balance$1,954,876$853,711▼ $1,101,165
Total Liabilities and Net Assets / Fund Balance$2,703,402$1,058,190▼ $1,645,212

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,163-$25,163
Other Land Buildings$2,700-$2,700
Other Assets Org$90,000--
Other Securities$90,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Sharron LigginsPresident
Shawntell TaylorSecretary
Ranelle AllenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$94,789
Program Service Revenue
$607
Investment Income
$0
Other Revenue
$18,410
All Other Contributions
$11,439
Change in Net Assets
$-842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,651
Salaries, Compensation, and Employee Benefits$2,300
Grants and Similar Amounts Paid$1,697
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$64,094--$64,094
Occupancy-$13,528-$13,528
Fees for Services Accounting-$10,950-$10,950
Office Expenses-$7,226-$7,226
Conferences and Meetings$4,285--$4,285
Current Officers, Directors, Trustees, and Key Employees$2,300--$2,300
Grants to Domestic Orgs$1,697--$1,697
Advertising-$1,498-$1,498
Other Expenses$3,246$733-$733
Information Technology-$672-$672
All Other Expenses-$489-$489
Total Functional Expenses$77,860$36,788$0$114,648
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
Federal income taxes-
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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
Directors
Signed
2019-10-21
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Hamzat & Associates
Address
5944 1/2 S Hohman Avenue, Hammond, IN 46320
Preparer
Bukola Hamzat
Phone
2199339686
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 2018. The accrued interest for this loan was written off as a prior period adjustment in 2018.”

Raw XML Appendix387 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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IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
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 2018. THE ACCRUED INTEREST FOR THIS LOAN WAS WRITTEN OFF AS A PRIOR PERIOD ADJUSTMENT IN 2018.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02703402
IRS990/TotalAssetsEOYAmt01058190
IRS990/TotalAssetsGrp/BOYAmt02703402
IRS990/TotalAssetsGrp/EOYAmt01058190
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt094789
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036788
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077860
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114648
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0748526
IRS990/TotalLiabilitiesEOYAmt0204479
IRS990/TotalLiabilitiesGrp/BOYAmt0748526
IRS990/TotalLiabilitiesGrp/EOYAmt0204479
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01954876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0853711
IRS990/TotalProgramServiceExpensesAmt077860
IRS990/TotalProgramServiceRevenueAmt0607
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0113806
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02703402
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01058190
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01954876
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0853711
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02200 GRANT STREET
IRS990/USAddress/CityNm0GARY
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046404
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VERNITA LESLIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTORS
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-21
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/IPDt02019-10-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:50:55
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hamzat & Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05944 1/2 S Hohman Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hammond
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046320
ReturnHeader/PreparerPersonGrp/PhoneNum02199339686
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bukola Hamzat
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-21T02:35:04-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,058,190
Liabilities
$204,479
Net assets
$853,711
Revenue
$113,806
Expenses
$114,648
Net income
-$842
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$3.70$1.24$0.10$0.15$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$3.70$1.29$0.47$0.32$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.37$0.13$0.54$0.41$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.20$0.85$0.11$0.11$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.75$1.95$0.21$0.16$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$0.53$2.16$0.45$0.45$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.35$1.71$0.94$0.79$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.57$0.43$0.29$0.65$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.37$0.32$0.36