Civic Intelligence

Broadway Development Corporation

EIN 52-0781193 • 501(c)25 • Baltimore, MD

Profile

NONE

3910 Keswick Road N4327BBaltimore, MD 21211

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.77x

Higher debt load relative to assets than 91% of similar nonprofits.

$5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.64x

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

$5M-$10M nonprofits • Source year 2023

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

$5M-$10M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

$5M-$10M nonprofits • Source year 2021

Asset Growth

87th percentile

28%

Faster asset growth than 87% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

12%

Faster revenue growth than 57% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,280,893

Up $1,152,112 (+28%) from 2022

Liabilities

Up

$4,043,869

Up $1,421,762 (+54%) from 2022

Net Assets

Down

$1,237,024

Down $269,650 (-18%) from 2022

Revenue

Up

$2,466,876

Up $257,312 (+12%) from 2022

Expenses

Up

$2,736,526

Up $257,274 (+10%) from 2022

Net Income

Up

-$269,650

Up $38 (+0.0%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $5,548,119Liabilities 2011: $1,118,355Net Assets 2011: $4,429,7642011Assets 2012: $4,909,018Liabilities 2012: $741,261Net Assets 2012: $4,167,7572012Assets 2013: $4,902,923Liabilities 2013: $1,010,336Net Assets 2013: $3,892,5872013Assets 2014: $4,590,864Liabilities 2014: $941,780Net Assets 2014: $3,649,0842014Assets 2015: $4,390,797Liabilities 2015: $999,989Net Assets 2015: $3,390,8082015Assets 2016: $3,875,312Liabilities 2016: $742,799Net Assets 2016: $3,132,5132016Assets 2017: $3,561,879Liabilities 2017: $705,740Net Assets 2017: $2,856,1392017Assets 2018: $2,896,633Liabilities 2018: $324,478Net Assets 2018: $2,572,1552018Assets 2019: $2,637,694Liabilities 2019: $347,248Net Assets 2019: $2,290,4462019Assets 2020: $2,849,796Liabilities 2020: $829,036Net Assets 2020: $2,020,7602020Assets 2021: $3,488,112Liabilities 2021: $1,711,750Net Assets 2021: $1,776,3622021Assets 2022: $4,128,781Liabilities 2022: $2,622,107Net Assets 2022: $1,506,6742022Assets 2023: $5,280,893Liabilities 2023: $4,043,869Net Assets 2023: $1,237,0242023

Highlighted filing

2023

Assets$5,280,893
Liabilities$4,043,869
Net Assets$1,237,024

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,151,346Expenses 2011: $1,416,278Net Income 2011: -$264,9322011Revenue 2012: $1,202,392Expenses 2012: $1,464,399Net Income 2012: -$262,0072012Revenue 2013: $1,085,883Expenses 2013: $1,361,053Net Income 2013: -$275,1702013Revenue 2014: $1,272,985Expenses 2014: $1,516,488Net Income 2014: -$243,5032014Revenue 2015: $1,207,955Expenses 2015: $1,466,231Net Income 2015: -$258,2762015Revenue 2016: $1,442,657Expenses 2016: $1,700,952Net Income 2016: -$258,2952016Revenue 2017: $1,428,576Expenses 2017: $1,704,950Net Income 2017: -$276,3742017Revenue 2018: $1,619,694Expenses 2018: $1,903,678Net Income 2018: -$283,9842018Revenue 2019: $1,659,972Expenses 2019: $1,941,681Net Income 2019: -$281,7092019Revenue 2020: $1,708,956Expenses 2020: $1,978,642Net Income 2020: -$269,6862020Revenue 2021: $1,902,912Expenses 2021: $2,147,310Net Income 2021: -$244,3982021Revenue 2022: $2,209,564Expenses 2022: $2,479,252Net Income 2022: -$269,6882022Revenue 2023: $2,466,876Expenses 2023: $2,736,526Net Income 2023: -$269,6502023

Highlighted filing

2023

Revenue$2,466,876
Expenses$2,736,526
Net Income-$269,650

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.28$4.04$1.24$2.47$2.74$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$2.62$1.51$2.21$2.48$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$1.71$1.78$1.90$2.15$0.24
2020Summary only. Only limited summary data is available for this year.$2.85$0.83$2.02$1.71$1.98$0.27
2019Summary only. Only limited summary data is available for this year.$2.64$0.35$2.29$1.66$1.94$0.28
2018Summary only. Only limited summary data is available for this year.$2.90$0.32$2.57$1.62$1.90$0.28
2017Summary only. Only limited summary data is available for this year.$3.56$0.71$2.86$1.43$1.70$0.28
2016Summary only. Only limited summary data is available for this year.$3.88$0.74$3.13$1.44$1.70$0.26
2015Summary only. Only limited summary data is available for this year.$4.39$1.00$3.39$1.21$1.47$0.26
2014Summary only. Only limited summary data is available for this year.$4.59$0.94$3.65$1.27$1.52$0.24
2013Summary only. Only limited summary data is available for this year.$4.90$1.01$3.89$1.09$1.36$0.28
2012Summary only. Only limited summary data is available for this year.$4.91$0.74$4.17$1.20$1.46$0.26
2011Summary only. Only limited summary data is available for this year.$5.55$1.12$4.43$1.15$1.42$0.26
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 1, 2023
Return Version
2020v4.0
Gross Receipts
$1,902,912
Mission and Program Overview

Mission

NONE

Organization holds title to property and remits net income to its shareholders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$864,130$1,769,014▲ $904,884
Land, Buildings, and Equipment, Net$1,957,093$1,701,715▼ $255,378
Prepaid Expenses and Deferred Charges$6,779$8,561▲ $1,782
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$2,849,796$3,488,112▲ $638,316
Other Assets Total$21,794$8,822▼ $12,972
Liabilities
Accounts Payable and Accrued Expenses$732,991$1,654,900▲ $921,909
Other Liabilities$92,898$56,850▼ $36,048
Deferred Revenue$3,147$0▼ $3,147
Total Liabilities$829,036$1,711,750▲ $882,714
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,020,760$1,776,362▼ $244,398
Total Net Assets Fund Balance$2,020,760$1,776,362▼ $244,398
Total Liabilities and Net Assets / Fund Balance$2,849,796$3,488,112▲ $638,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,701,715$11,566,876$13,268,591
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Chairman
-President
-Director
-Trustee (partial Year)
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Broadway Services INCProperty Management & Related Services3709 E MONUMENT STREET, Baltimore, MD 21205$482,815
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,902,912
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-244,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,147,310
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---$331,612
Depreciation Depletion---$255,378
Fees for Services Other---$125,628
Other Expenses---$121,328
Fees for Services Management---$41,400
All Other Expenses---$19,676
Fees for Services Accounting---$4,296
Office Expenses---$2,152
Total Functional Expenses$0$0$0$2,147,310
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$56,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

RICHARD BENNETT, FRANCIS KNOTT, MICHAEL LARSON, AND KEVIN SOWERS - Business relationship, MITCHELL BONANNO, SCOTT JONAS, WALTER PINKARD, NICOLE SMITH, AND JANE SCHLEGEL - Business relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

Broadway development corporation is organized as a not-for-profit stock corporation under irc section 501(c)(25). As required by irc section 501(c)(25), the corporation is organized for the exclusive purpose of acquiring real property, holding title to and collecting income from such property, and remitting the entire amount of its net income from real property (less expenses) to its two equal shareholders, the johns hopkins university and johns hopkins health system, inc., both irc section 501(c)(3) organizations.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Broadway development corporation has a single class of common stock. Shareholders have the power to appoint members of the corporation actions as described in broadway development corporation's articles of incorporation and by-laws.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

SEE LINE 7A ABOVE.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The corporation's board of directors has authorized no committees.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Corporation's Form 990 was prepared by an independent Paid Tax Preparer. SUBSEQUENTLY, IT IS THEN REVIEWED BY THE JOHNS HOPKINS UNIVERSITY GENERAL ACCOUNTING OFFICE AND THE JOHNS HOPKINS UNIVERSITY TAX OFFICE. PRIOR TO FILING, THE FORM 990 WAS REVIEWED AND SIGNED BY THE CORPORATION'S PRESIDENT MITCHELL BONANNO. ALL BOARD MEMBERS RECEIVED A COPY OF THE CORPORATION'S FORM 990 PRIOR TO FILING.

Form 990, Part VI, Line 19 Required documents available to the public

The organization does not make its governing documents available to the public.

Form 990, Part VI, Lines 10-16 Section B - Policies

Broadway development corporation has no employees. Both of the corporation's shareholders, the johns hopkins university and johns hopkins health system inc., both irc section 501(c)(3) organizations, have written conflict of interest policies, written whistleblower policies, written retention and destruction policies.

Filing and Contact Details

Filer

Filer Name
Broadway Development Corporation
EIN
52-0781193
Phone
4439973737
Address
3910 Keswick Road N4327B, Baltimore, MD 21211

Signing Officer

Name
Mitchell Bonanno
Title
President
Signed
2023-08-01
Discuss with paid preparer
Yes

Organization Details

Formed
1950
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Crowe Llp
Address
1455 Pennsylvania Ave NW Suite 700, WASHINGTON, DC 20004-1008
Preparer
Robert Williams
Phone
2026245555
Raw XML AppendixShowing 400 of 610 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICHARD BENNETT, FRANCIS KNOTT, MICHAEL LARSON, AND KEVIN SOWERS - Business relationship, MITCHELL BONANNO, SCOTT JONAS, WALTER PINKARD, NICOLE SMITH, AND JANE SCHLEGEL - Business relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BROADWAY DEVELOPMENT CORPORATION IS ORGANIZED AS A NOT-FOR-PROFIT STOCK CORPORATION UNDER IRC SECTION 501(C)(25). AS REQUIRED BY IRC SECTION 501(C)(25), THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF ITS NET INCOME FROM REAL PROPERTY (LESS EXPENSES) TO ITS TWO EQUAL SHAREHOLDERS, THE JOHNS HOPKINS UNIVERSITY AND JOHNS HOPKINS HEALTH SYSTEM, INC., BOTH IRC SECTION 501(C)(3) ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BROADWAY DEVELOPMENT CORPORATION HAS A SINGLE CLASS OF COMMON STOCK. SHAREHOLDERS HAVE THE POWER TO APPOINT MEMBERS OF THE CORPORATION ACTIONS AS DESCRIBED IN BROADWAY DEVELOPMENT CORPORATION'S ARTICLES OF INCORPORATION AND BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE LINE 7A ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION'S BOARD OF DIRECTORS HAS AUTHORIZED NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Corporation's Form 990 was prepared by an independent Paid Tax Preparer. SUBSEQUENTLY, IT IS THEN REVIEWED BY THE JOHNS HOPKINS UNIVERSITY GENERAL ACCOUNTING OFFICE AND THE JOHNS HOPKINS UNIVERSITY TAX OFFICE. PRIOR TO FILING, THE FORM 990 WAS REVIEWED AND SIGNED BY THE CORPORATION'S PRESIDENT MITCHELL BONANNO. ALL BOARD MEMBERS RECEIVED A COPY OF THE CORPORATION'S FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BROADWAY DEVELOPMENT CORPORATION HAS NO EMPLOYEES. BOTH OF THE CORPORATION'S SHAREHOLDERS, THE JOHNS HOPKINS UNIVERSITY AND JOHNS HOPKINS HEALTH SYSTEM INC., BOTH IRC SECTION 501(C)(3) ORGANIZATIONS, HAVE WRITTEN CONFLICT OF INTEREST POLICIES, WRITTEN WHISTLEBLOWER POLICIES, WRITTEN RETENTION AND DESTRUCTION POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2 Family/business relationships amongst interested persons
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, LINES 10-16 SECTION B - POLICIES
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3REAL ESTATE SERVICES
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0DOME CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1550 BROADWAY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2DOME MANAGEMENT SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3BROADWAY SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4JH OUTPATIENT CENTER CONDOMINIUM INC
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0MEDICAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1CLINICAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2UTILITIES SERVICES TO MEMBERS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3CLINICAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt4REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt5INTERNATIONAL HEALTH CARE, EDUCATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt6LAND HOLDING AND DEVELOPMENT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt7MEDICAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt8SERIES ACTIVITIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt9REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt10REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt11MEDICAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0JOHNS HOPKINS HEALTHCARE LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1HOWARD COUNTY NEONATAL SERVICES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2JHMI UTILITIES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt3JOHNS HOPKINS SURGERY CENTERS SERIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt4550 BROADWAY LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt5JOHNS HOPKINS MED INTL LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt6JH BROADWAY ACQUIS & DEVELOP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt7JOHNS HOPKINS MEDICINE ALLIANCE FOR PATIENTS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt8JH VENTURES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt9JOHNS HOPKINS HEALTH CARE AND SURGERY CENTER DEVELOPMENT LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt10ASTHMA CENTER LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt11OPTHAMOLOGY ASSOCIATES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt03910 KESWICK RD
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