Civic Intelligence

Broadway Housing Communities Foundation Inc.

990 • Fiscal year 2020 • EIN 46-0730038

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

583 Riverside DriveNew York, NY 10031

(212) 568-2030

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

2nd percentile

0.00x

Higher debt load relative to revenue than 2% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Net Margin

3rd percentile

-103%

Higher net margin than 3% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$200,715

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 55.6% of source-year revenue.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Asset Growth

83rd percentile

11%

Faster asset growth than 83% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

3.4%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$18,313,711

Up $1,872,083 (+11%) from 2019

Net Assets

Up

$18,313,318

Up $1,871,690 (+11%) from 2019

Liabilities

Up

$393

Up $393 from 2019

Revenue

Up

$361,221

Up $11,816 (+3.4%) from 2019

Expenses

Down

$732,166

Down $514,006 (-41%) from 2019

Net Income

Up

-$370,945

Up $525,822 (+59%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2012: $17,313Liabilities 2012: $25,000Net Assets 2012: -$7,6872012Assets 2013: $18,865,295Liabilities 2013: $0Net Assets 2013: $18,865,2952013Assets 2014: $18,512,471Liabilities 2014: $0Net Assets 2014: $18,512,4712014Assets 2015: $16,864,453Liabilities 2015: $0Net Assets 2015: $16,864,4532015Assets 2016: $17,120,705Liabilities 2016: $0Net Assets 2016: $17,120,7052016Assets 2017: $17,647,443Liabilities 2017: $0Net Assets 2017: $17,647,4432017Assets 2018: $15,339,721Liabilities 2018: $0Net Assets 2018: $15,339,7212018Assets 2019: $16,441,628Liabilities 2019: $0Net Assets 2019: $16,441,6282019Assets 2020: $18,313,711Liabilities 2020: $393Net Assets 2020: $18,313,3182020Assets 2021: $19,586,848Liabilities 2021: $392Net Assets 2021: $19,586,4562021Assets 2022: $16,432,688Liabilities 2022: $391Net Assets 2022: $16,432,2972022Assets 2023: $17,185,376Liabilities 2023: $391Net Assets 2023: $17,184,9852023Assets 2024: $16,257,278Liabilities 2024: $391Net Assets 2024: $16,256,8872024

Highlighted filing

2020

Assets$18,313,711
Liabilities$393
Net Assets$18,313,318

Operations Trend

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

$20M$10M$0-$10MExpenses 2012: $7,6872012Revenue 2013: $18,870,850Expenses 2013: $21,538Net Income 2013: $18,849,3122013Revenue 2014: $696,547Expenses 2014: $1,076,886Net Income 2014: -$380,3392014Revenue 2015: $284,665Expenses 2015: $1,346,997Net Income 2015: -$1,062,3322015Revenue 2016: $217,008Expenses 2016: $547,918Net Income 2016: -$330,9102016Revenue 2017: $1,047,208Expenses 2017: $1,579,182Net Income 2017: -$531,9742017Revenue 2018: $523,022Expenses 2018: $1,199,940Net Income 2018: -$676,9182018Revenue 2019: $349,405Expenses 2019: $1,246,172Net Income 2019: -$896,7672019Revenue 2020: $361,221Expenses 2020: $732,166Net Income 2020: -$370,9452020Revenue 2021: $343,510Expenses 2021: $684,955Net Income 2021: -$341,4452021Revenue 2022: $264,628Expenses 2022: $719,989Net Income 2022: -$455,3612022Revenue 2023: $424,854Expenses 2023: $1,377,607Net Income 2023: -$952,7532023Revenue 2024: $421,008Expenses 2024: $2,454,118Net Income 2024: -$2,033,1102024

Highlighted filing

2020

Revenue$361,221
Expenses$732,166
Net Income-$370,945
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$361,221
Mission and Program Overview

Mission

To support and benefit broadway housing communities, inc. "bhc" in furtherance of its purposes through fundraising activities and providing grants of funds to bhc for its programs and purposes.

Our primary exempt mission is to fundraise for the benefit of broadway housing communities, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,862,008$15,553,271▲ $1,691,263
Investments Other Securities$2,566,781$2,748,365▲ $181,584
Savings and Temporary Cash Investments$12,389$12,075▼ $314
Pledges and Grants Receivable$450$0▼ $450
Total Assets$16,441,628$18,313,711▲ $1,872,083
Liabilities
Accounts Payable and Accrued Expenses$0$393▲ $393
Total Liabilities$0$393▲ $393
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,441,628$16,647,158▲ $205,530
Net Assets Without Donor Restrictions$0$1,666,160▲ $1,666,160
Total Net Assets Fund Balance$16,441,628$18,313,318▲ $1,871,690
Total Liabilities and Net Assets / Fund Balance$16,441,628$18,313,711▲ $1,872,083

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,748,365--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$14,749,185-▲ $2,581,003-$16,622,158
2019$13,146,897-▲ $2,239,332-$14,749,185
2018$14,954,390-▼ $1,157,061-$13,146,897
2017$13,437,772-▲ $2,044,543-$14,954,390
2016$12,686,434-▲ $751,338-$13,437,772
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alan WeilPresident
Barbara TarmyDirector
Fr John M FeliceDirector/emeritus (non-voting)
Ellen BaxterExecutive Director/secretary
David NathansonChief Financial Officer
Mary Ann VillariChief Operating Off. (thru 12/31/20)
Brett MckeoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300
Program Service Revenue
$0
Investment Income
$360,921
Other Revenue
$0
All Other Contributions
$300
Change in Net Assets
$-370,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$708,030
Other Expenses$24,136
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$708,030--$708,030
Fees for Service Investment Mgmnt Fees-$22,553-$22,553
Other Expenses-$442-$442
Fees for Services Legal-$391-$391
Total Functional Expenses$708,030$24,136$0$732,166
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Broadway Housing Communities IncNew York, NY501(c)(3)General Support$708,030
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Pursuant to the foundation's bylaws, its sole corporate member is its parent, broadway housing communities, inc.

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

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

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

The foundation'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 foundation 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, line 13 and 14: broadway housing communities foundation 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 foundation 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

Bhcf 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 Housing Communities Foundation
EIN
46-0730038
Phone
2125682030
Address
583 RIVERSIDE DRIVE, NEW YORK, NY 10031

Signing Officer

Name
David Nathanson
Title
Chief Financial Officer
Phone
2125682030
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Baxter
Formed
2012
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII:

The foundation did not receive a federal award requiring it to undergo a federal audit; however, the foundation's activities are consolidated within the omb circular a-133 received by its parent organization, broadway housing communities, inc.

Financial Statement Notes

PART V, LINE 4:

Intended use of endowment funds the organization's endowment consists of one donor-restricted endowment fund established by the organization's board of directors to provide sustained financial support to the foundation's parent entity, broadway housing communities inc. The endowment's investment objective is to preserve the principal value of those funds, in both absolute as well as real terms, and to maximize, over the long-term, the total rate of return earned without assuming an unreasonable degree of risk. The endowment's earnings are available for use by the parent to support its poverty relief efforts.

PART X, LINE 2:

Asc 740 footnote bhcf 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROADWAY HOUSING COMMUNITIES INC
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IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0708030
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt013146897
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt014749185
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1157061
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt013437772
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt014954390
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0527925
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02044543
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012686434
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt013437772
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0751338
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02748365
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MULTI-ASSET FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED USE OF ENDOWMENT FUNDS THE ORGANIZATION'S ENDOWMENT CONSISTS OF ONE DONOR-RESTRICTED ENDOWMENT FUND ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS TO PROVIDE SUSTAINED FINANCIAL SUPPORT TO THE FOUNDATION'S PARENT ENTITY, BROADWAY HOUSING COMMUNITIES INC. THE ENDOWMENT'S INVESTMENT OBJECTIVE IS TO PRESERVE THE PRINCIPAL VALUE OF THOSE FUNDS, IN BOTH ABSOLUTE AS WELL AS REAL TERMS, AND TO MAXIMIZE, OVER THE LONG-TERM, THE TOTAL RATE OF RETURN EARNED WITHOUT ASSUMING AN UNREASONABLE DEGREE OF RISK. THE ENDOWMENT'S EARNINGS ARE AVAILABLE FOR USE BY THE PARENT TO SUPPORT ITS POVERTY RELIEF EFFORTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ASC 740 FOOTNOTE BHCF 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 V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02748365
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0708030
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BROADWAY HOUSING COMMUNITIES INC
IRS990ScheduleI/RecipientTable/RecipientEIN0133212867
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0583 RIVERSIDE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010031
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE OPERATIONS OF BROADWAY HOUSING COMMUNITIES AND ITS TAX-EXEMPT RELATED AFFILIATED ENTITIES. PERIODICALLY, THE FOUNDATION MAKES GRANTS BACK TO THE PARENT ORGANIZATION TO SUPPORT THE CHARITABLE INITIATIVES OF THE ENTIRE NETWORK OF HOUSING ENTITIES. NO FURTHER MONITORING OF THE GRANTS IS REQUIRED AS THE SAME INDIVIDUALS AUTHORIZING THE GRANTS OVERSEE THE DISBURSEMENT OF THOSE FUNDS BY THE GRANTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1:
IRS990ScheduleI/Total501c3OrgCnt01
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
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0185925
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1158577
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2149782
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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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
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ELLEN BAXTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID NATHANSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MARY ANN VILLARI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF OPERATING OFF. (THRU 12/31/20)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1185632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2164305
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURSUANT TO THE FOUNDATION'S BYLAWS, ITS SOLE CORPORATE MEMBER IS ITS PARENT, BROADWAY HOUSING COMMUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BYLAWS RESERVE THE POWER OF APPOINTING (AND/OR REMOVING) THE FOUNDATION'S BOARD MEMBERS TO THE SOLE CORPORATE MEMBER, BROADWAY HOUSING COMMUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'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 FOUNDATION 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, LINE 13 AND 14: BROADWAY HOUSING COMMUNITIES FOUNDATION INC. OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION 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/ExplanationTxt6BHCF 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/ExplanationTxt7THE FOUNDATION DID NOT RECEIVE A FEDERAL AWARD REQUIRING IT TO UNDERGO A FEDERAL AUDIT; HOWEVER, THE FOUNDATION'S ACTIVITIES ARE CONSOLIDATED WITHIN THE OMB CIRCULAR A-133 RECEIVED BY ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES, INC.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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
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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

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