Civic Intelligence

Broadway Rio Housing Development Fund Company Inc

990 • Fiscal year 2020 • EIN 45-2155957

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

583 Riverside Drive 7th FloorNew York, NY 10031

(212) 568-2030

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.87x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

5.12x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Net Margin

49th percentile

-13%

Higher net margin than 49% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$200,715

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Asset Growth

59th percentile

-1.4%

Faster asset growth than 59% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-12%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Flat

$4,731,399

Flat from 2020

Net Assets

Flat

$614,566

Flat from 2020

Liabilities

Flat

$4,116,833

Flat from 2020

Revenue

Flat

$804,314

Flat from 2020

Expenses

Flat

$909,255

Flat from 2020

Net Income

Flat

-$104,941

Flat from 2020

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$0-$2.0MAssets 2012: $4,251,930Liabilities 2012: $4,164,571Net Assets 2012: $87,3592012Assets 2013: $4,350,741Liabilities 2013: $4,308,945Net Assets 2013: $41,7962013Assets 2014: $4,222,567Liabilities 2014: $4,254,276Net Assets 2014: -$31,7092014Assets 2015: $4,234,920Liabilities 2015: $4,094,249Net Assets 2015: $140,6712015Assets 2016: $4,363,741Liabilities 2016: $4,138,532Net Assets 2016: $225,2092016Assets 2017: $4,699,816Liabilities 2017: $4,272,878Net Assets 2017: $426,9382017Assets 2018: $4,738,459Liabilities 2018: $4,222,309Net Assets 2018: $516,1502018Assets 2019: $4,798,544Liabilities 2019: $4,079,037Net Assets 2019: $719,5072019Assets 2020: $4,731,399Liabilities 2020: $4,116,833Net Assets 2020: $614,5662020Assets 2020: $4,731,399Liabilities 2020: $4,116,833Net Assets 2020: $614,5662020Assets 2021: $4,203,919Liabilities 2021: $4,121,563Net Assets 2021: $82,3562021Assets 2022: $3,861,415Liabilities 2022: $4,125,211Net Assets 2022: -$263,7962022Assets 2024: $3,193,170Liabilities 2024: $4,205,671Net Assets 2024: -$1,012,5012024

Highlighted filing

2020

Assets$4,731,399
Liabilities$4,116,833
Net Assets$614,566

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2012: $1,433,386Expenses 2012: $736,297Net Income 2012: $697,0892012Revenue 2013: $718,868Expenses 2013: $764,431Net Income 2013: -$45,5632013Revenue 2014: $740,795Expenses 2014: $814,300Net Income 2014: -$73,5052014Revenue 2015: $764,976Expenses 2015: $592,596Net Income 2015: $172,3802015Revenue 2016: $756,092Expenses 2016: $671,554Net Income 2016: $84,5382016Revenue 2017: $880,819Expenses 2017: $679,090Net Income 2017: $201,7292017Revenue 2018: $827,806Expenses 2018: $738,594Net Income 2018: $89,2122018Revenue 2019: $910,473Expenses 2019: $695,450Net Income 2019: $215,0232019Revenue 2020: $804,314Expenses 2020: $909,255Net Income 2020: -$104,9412020Revenue 2020: $804,314Expenses 2020: $909,255Net Income 2020: -$104,9412020Revenue 2021: $836,346Expenses 2021: $1,368,556Net Income 2021: -$532,2102021Revenue 2022: $796,246Expenses 2022: $1,142,398Net Income 2022: -$346,1522022Revenue 2024: $813,549Expenses 2024: $1,188,795Net Income 2024: -$375,2462024

Highlighted filing

2020

Revenue$804,314
Expenses$909,255
Net Income-$104,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$804,314
Mission and Program Overview

Mission

To operate a low-income housing project known as the RIO comprised of 82 apartments located at 10 Fort Washington Avenue, New York, new york.

Operation of the 82 apartment low-income rio housing project located at 10 fort washington ave.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,719,382$2,765,868▲ $46,486
Land, Buildings, and Equipment, Net$2,021,450$1,912,227▼ $109,223
Prepaid Expenses and Deferred Charges$31,534$31,533▼ $1
Accounts Receivable$26,178$21,771▼ $4,407
Total Assets$4,798,544$4,731,399▼ $67,145
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,916,966$3,916,966→ $0
Accounts Payable and Accrued Expenses$82,876$131,172▲ $48,296
Other Liabilities$79,195$68,695▼ $10,500
Total Liabilities$4,079,037$4,116,833▲ $37,796
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$719,507$614,566▼ $104,941
Total Net Assets Fund Balance$719,507$614,566▼ $104,941
Total Liabilities and Net Assets / Fund Balance$4,798,544$4,731,399▼ $67,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,622,285$3,122,200$4,744,485
Land$289,942-$289,942
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ellen BaxterPresident
David NathansonChief Financial Officer
Mary Ann VillariChief Operating Off. (thru 12/31/20)
Alan WeilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$803,814
Investment Income
$0
Other Revenue
$500
Change in Net Assets
$-104,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$909,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$172,074--$172,074
Depreciation Depletion$128,013--$128,013
Fees for Services Management$75,750--$75,750
Insurance$58,601--$58,601
All Other Expenses$22,862--$22,862
Fees for Services Legal-$19,035-$19,035
Other Expenses$18,465--$18,465
Fees for Services Accounting-$14,500-$14,500
Fees for Services Other-$12,200-$12,200
Total Functional Expenses$863,520$45,735$0$909,255
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$39,930
Due to Affiliates$28,765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Governing body and management pursuant to the organization's bylaws, its sole corporate member is its parent, broadway housing communities, inc.

Form 990, Part VI, Section A, Line 7A

The organization's bylaws reserve the power of appointing (and/or removing) the organization's board members to the sole corporate member, broadway housing communities, inc.

Form 990, Part VI, Section A, Line 7B

The organization's bylaws reserve certain powers to the member, such as the exclusive power to amend and repeal the bylaws and the certificate of incorporation as well as to establish the size of the board and the composition of its officer class.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees in either paper or electronic form for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.

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

The organization operates under the conflict of interest policy of its parent organization, broadway housing communities, inc. Each officer, director, trustee and key employee of the organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the organization. The organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. Form 990, part vi, section b, policies, lines 13 and 14: broadway rio housing development fund company inc operates under the whistleblower and document retention policy of its parent organization, broadway housing communities inc.

Form 990, Part VI, Section B, Line 15

The organization does not compensate any of the individuals reported on the form 990, part vii; all compensation is paid by a related organization, broadway housing communities, inc. The procedures employed to determine the compensation of these individuals are disclosed on that organization's form 990.

Form 990, Part VI, Section C, Line 19

Broadway rio housing development fund company inc makes its form 990 available to the public by retaining a copy at its place of business; it is, likewise, published on the internet at www.guidestar.org. The financial statements, governing documents and conflict of interest policy are available to the public at management's discretion.

Filing and Contact Details

Filer

Filer Name
Broadway Rio Housing Development Fund
EIN
45-2155957
Phone
2125682030
Address
583 RIVERSIDE DRIVE 7TH FLOOR, NEW YORK, NY 10031

Signing Officer

Name
David Nathanson
Title
Chief Financial Officer
Phone
2125682030
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Baxter
Formed
2011
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Asc 740 footnote broadway rio housing development fund company inc does not receive its own standalone audited financial statements; its operations are included within the financial statements of its parent organization: broadway housing communities inc. The fin-48 footnote reproduced below is from the consolidated audited financial statements. Bhc (and its consolidated subsidiaries) follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Bhc (and each of its subsidiaries) have been granted exemption from federal income tax pursuant to section 501 (c)(3) and 501 (c)(4) of the internal revenue code. Bhc has processes presently in place to ensure the maintenance of each entity's tax-exempt status; to identify and report unrelated business income; to determine filing and tax obligations in jurisdictions for which they have nexus; and to identify and evaluate other matters that may be considered tax positions. Bhc has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. In addition, bhc has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 FOOTNOTE BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC DOES NOT RECEIVE ITS OWN STANDALONE AUDITED FINANCIAL STATEMENTS; ITS OPERATIONS ARE INCLUDED WITHIN THE FINANCIAL STATEMENTS OF ITS PARENT ORGANIZATION: BROADWAY HOUSING COMMUNITIES INC. THE FIN-48 FOOTNOTE REPRODUCED BELOW IS FROM THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. BHC (AND ITS CONSOLIDATED SUBSIDIARIES) FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. BHC (AND EACH OF ITS SUBSIDIARIES) HAVE BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501 (C)(3) AND 501 (C)(4) OF THE INTERNAL REVENUE CODE. BHC HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF EACH ENTITY'S TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. BHC HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, BHC HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01912227
IRS990ScheduleD/TotalLiabilityAmt068695
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0185925
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1158577
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2149782
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15984
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt25056
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08751
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt121071
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt29467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ELLEN BAXTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID NATHANSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MARY ANN VILLARI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF OPERATING OFF. (THRU 12/31/20)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0200715
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1185632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2164305
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY AND MANAGEMENT PURSUANT TO THE ORGANIZATION'S BYLAWS, ITS SOLE CORPORATE MEMBER IS ITS PARENT, BROADWAY HOUSING COMMUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BYLAWS RESERVE THE POWER OF APPOINTING (AND/OR REMOVING) THE ORGANIZATION'S BOARD MEMBERS TO THE SOLE CORPORATE MEMBER, BROADWAY HOUSING COMMUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BYLAWS RESERVE CERTAIN POWERS TO THE MEMBER, SUCH AS THE EXCLUSIVE POWER TO AMEND AND REPEAL THE BYLAWS AND THE CERTIFICATE OF INCORPORATION AS WELL AS TO ESTABLISH THE SIZE OF THE BOARD AND THE COMPOSITION OF ITS OFFICER CLASS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES IN EITHER PAPER OR ELECTRONIC FORM FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION OPERATES UNDER THE CONFLICT OF INTEREST POLICY OF ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES, INC. EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, POLICIES, LINES 13 AND 14: BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED ON THE FORM 990, PART VII; ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, BROADWAY HOUSING COMMUNITIES, INC. THE PROCEDURES EMPLOYED TO DETERMINE THE COMPENSATION OF THESE INDIVIDUALS ARE DISCLOSED ON THAT ORGANIZATION'S FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS; IT IS, LIKEWISE, PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC AT MANAGEMENT'S DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0522325076
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1275111474
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2134186692
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0583 RIVERSIDE DEVELOPMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1SUGAR HILL HOUSING INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2WEST 77TH STREET INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt010 FT WASHINGTON AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1583 RIVERSIDE DRIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt2129 FULTON STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010032
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110031
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd210038
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0275111590
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1522325077
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2800779197
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LOW INC HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1LOW INC HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BROADWAY SUGAR HILL HOUSING LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1583 RIVERSIDE DRIVE LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2SUGAR HILL LEVERAGE LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0583 RIVERSIDE DRIVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1583 RIVERSIDE DRIVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt2583 RIVERSIDE DRIVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm2NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd010031
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd110031
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd210031
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6BHC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BROADWAY HOUSING COMMUNITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BROADWAY HOUSING DEVELOPMENT FUND CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2BROADWAY SUGAR HILL HOUSING DEV FUND CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3SUGAR HILL NEW MARKET TAX CREDIT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4BROADWAY HOUSING COMMUNITIES FOUNDATION

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$4.21$1.01$0.81$1.19$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$4.13$0.26$0.80$1.14$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$4.12$0.08$0.84$1.37$0.53
2020Detailed filing. Detailed filing data is available for this year.$4.73$4.12$0.61$0.80$0.91$0.10
2020Summary only. Only limited summary data is available for this year.$4.73$4.12$0.61$0.80$0.91$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.80$4.08$0.72$0.91$0.70$0.22
2018Summary only. Only limited summary data is available for this year.$4.74$4.22$0.52$0.83$0.74$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$4.27$0.43$0.88$0.68$0.20
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$4.14$0.23$0.76$0.67$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.23$4.09$0.14$0.76$0.59$0.17
2014Detailed filing. Detailed filing data is available for this year.$4.22$4.25$0.03$0.74$0.81$0.07
2013Summary only. Only limited summary data is available for this year.$4.35$4.31$0.04$0.72$0.76$0.05
2012Summary only. Only limited summary data is available for this year.$4.25$4.16$0.09$1.43$0.74$0.70