Civic Intelligence

Broadway Towers Inc.

990 • Fiscal year 2020 • EIN 58-1354973

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileN/A
PO Box 450049Atlanta, GA 31145

(678) 330-2000

Siviq Scores

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

Liabilities / Assets

60th percentile

0.33x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.51x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

9th percentile

-33%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

3rd percentile

-21%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

165%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$19,198,034

Down $5,244,642 (-21%) from 2019

Net Assets

Down

$12,836,513

Down $4,059,898 (-24%) from 2019

Liabilities

Down

$6,361,521

Down $1,184,744 (-16%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin9th percentile

Revenue

Up

$12,449,336

Up $7,754,583 (+165%) from 2019

Expenses

Up

$16,509,234

Up $10,494,870 (+174%) from 2019

Net Income

Down

-$4,059,898

Down $2,740,287 (-208%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$30M$20M$10M$0-$10MAssets 2010: $8,833,201Liabilities 2010: $14,832,005Net Assets 2010: -$5,998,8042010Assets 2011: $8,305,469Liabilities 2011: $14,228,050Net Assets 2011: -$5,922,5812011Assets 2012: $7,702,307Liabilities 2012: $13,469,039Net Assets 2012: -$5,766,7322012Assets 2013: $7,206,255Liabilities 2013: $12,686,212Net Assets 2013: -$5,479,9572013Assets 2014: $6,582,582Liabilities 2014: $11,831,791Net Assets 2014: -$5,249,2092014Assets 2015: $6,171,413Liabilities 2015: $10,899,907Net Assets 2015: -$4,728,4942015Assets 2016: $5,829,244Liabilities 2016: $9,860,289Net Assets 2016: -$4,031,0452016Assets 2017: $4,582,596Liabilities 2017: $6,929,709Net Assets 2017: -$2,347,1132017Assets 2018: $25,517,124Liabilities 2018: $7,740,717Net Assets 2018: $17,776,4072018Assets 2019: $24,442,676Liabilities 2019: $7,546,265Net Assets 2019: $16,896,4112019Assets 2020: $19,198,034Liabilities 2020: $6,361,521Net Assets 2020: $12,836,5132020Assets 2021: $17,531,706Liabilities 2021: $5,908,702Net Assets 2021: $11,623,0042021Assets 2022: $17,793,072Liabilities 2022: $5,401,059Net Assets 2022: $12,392,0132022Assets 2023: $26,270,124Liabilities 2023: $3,854,827Net Assets 2023: $22,415,2972023Assets 2024: $26,963,007Liabilities 2024: $3,727,025Net Assets 2024: $23,235,9822024

Highlighted filing

2020

Assets$19,198,034
Liabilities$6,361,521
Net Assets$12,836,513
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

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

$20M$10M$0-$10MExpenses 2010: $4,904,5562010Expenses 2011: $5,140,6522011Expenses 2012: $5,225,9972012Revenue 2013: $5,471,563Expenses 2013: $5,184,788Net Income 2013: $286,7752013Revenue 2014: $5,516,931Expenses 2014: $5,286,183Net Income 2014: $230,7482014Revenue 2015: $5,795,598Expenses 2015: $5,274,885Net Income 2015: $520,7132015Revenue 2016: $5,900,963Expenses 2016: $5,203,514Net Income 2016: $697,4492016Revenue 2017: $5,634,253Expenses 2017: $4,822,157Net Income 2017: $812,0962017Revenue 2018: $18,647,376Expenses 2018: $4,277,470Net Income 2018: $14,369,9062018Revenue 2019: $4,694,753Expenses 2019: $6,014,364Net Income 2019: -$1,319,6112019Revenue 2020: $12,449,336Expenses 2020: $16,509,234Net Income 2020: -$4,059,8982020Revenue 2021: $3,119,210Expenses 2021: $4,332,719Net Income 2021: -$1,213,5092021Revenue 2022: $3,394,281Expenses 2022: $2,625,272Net Income 2022: $769,0092022Revenue 2023: $12,784,458Expenses 2023: $2,761,174Net Income 2023: $10,023,2842023Revenue 2024: $2,641,712Expenses 2024: $1,821,027Net Income 2024: $820,6852024

Highlighted filing

2020

Revenue$12,449,336
Expenses$16,509,234
Net Income-$4,059,898
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$12,823,870
Mission and Program Overview

Mission

Management of 4 apartment complexes for the benefit of elderly and handicapped residents.

Management of 3 apartment complexes for the benefit of elderly and handicapped residents and other public benefit and charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$15,954,218$11,133,320▼ $4,820,898
Land, Buildings, and Equipment, Net$3,597,620$3,791,554▲ $193,934
Cash and Non-Interest-Bearing Accounts$1,364,894$2,073,734▲ $708,840
Savings and Temporary Cash Investments$1,901,755$1,102,888▼ $798,867
Accounts Receivable$1,027,786$233,665▼ $794,121
Prepaid Expenses and Deferred Charges$190,358$169,630▼ $20,728
Intangible Assets$2,065--
Total Assets$24,442,676$19,198,034▼ $5,244,642
Other Assets Total$403,980$693,243▲ $289,263
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,242,371$6,108,806▼ $1,133,565
Accounts Payable and Accrued Expenses$198,513$173,695▼ $24,818
Other Liabilities$105,194$78,264▼ $26,930
Deferred Revenue$187$756▲ $569
Total Liabilities$7,546,265$6,361,521▼ $1,184,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,896,411$12,836,513▼ $4,059,898
Total Net Assets Fund Balance$16,896,411$12,836,513▼ $4,059,898
Total Liabilities and Net Assets / Fund Balance$24,442,676$19,198,034▼ $5,244,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,138,379$6,499,292$9,637,671
Land$619,683-$619,683
Other Land Buildings$33,492$170,039$203,531
Investment Program Related Org$11,133,320--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Gerald EickhoffPresident
Joseph F GlennVice President
Kim DelaceyDirector
Larry Gay ReaginDirector
Robert L ReinhartDirector
Elizabeth C GlennSecretary
M Reynolds DelisleTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mansermar INCProp Mgt/bookkeeping2405 SATELLITE BLVD SUITE 100, Duluth, GA 30096$239,433
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,886,561
Investment Income
$8,531,786
Other Revenue
$30,989
Change in Net Assets
$-4,059,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,242,544
Other Expenses$2,548,570
Salaries, Compensation, and Employee Benefits$718,120
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,242,544--$13,242,544
Occupancy$1,243,292--$1,243,292
Other Salaries and Wages$579,621--$579,621
Interest$493,134--$493,134
Fees for Services Management-$203,725-$203,725
Depreciation Depletion$194,701--$194,701
Insurance$192,958--$192,958
Office Expenses$73,511--$73,511
Other Employee Benefits$70,575--$70,575
Fees for Services Accounting-$66,308-$66,308
Payroll Taxes$43,001--$43,001
Pension Plan Contributions$24,923--$24,923
Conferences and Meetings$5,736--$5,736
Fees for Services Legal-$5,378-$5,378
Advertising$4,477--$4,477
Other Expenses$2,157$2,739-$2,157
Travel$1,876--$1,876
Total Functional Expenses$16,231,084$278,150$0$16,509,234
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World Outreach FundAtlanta, GA501(c)(3)TO SUPPORT WORLD OUTREACH FUND'S CHARITABLE ACTIVITIES$13,242,544
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$67,385
Pet Deposits$5,560
Other Current Liabilities$4,959
Accrued Interest Sec Dep$360
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Elizabeth glenn and joseph glenn have a family relationship.”

Form 990, Part VI, Section A, Line 3

“The organization appoints mansermar, inc., the management company, as exclusive agent for the management of housing development consisting of land, buildings, and other improvements. The duties of management company include, but are not limited to management input during hud processing, marketing, rentals collection of rents and other receipts, enforcement of lease, repair and maintenance, utilities and services.”

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

“The president of the management company and an officer of the board will review the form prior to filing. The board is provided with a copy subsequent to filing of the return.”

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

“Conflicts are annually disclosed and discussed at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, policies, and procedures and finanical statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Broadway Towers Inc
EIN
58-1354973
Phone
6783302000
Address
PO BOX 450049, ATLANTA, GA 31145

Signing Officer

Name
Gerald Eickhoff
Title
President
Phone
6783302000
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Eickhoff
Formed
1979
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

FORM 990, PART 1, LINE 5 AND PART V, LINE 2A:

“The entity does not have any employees. Rather all individuals working for the entity are employees of the management company. The amounts paid to these individuals by the management company are shown as salaries on part ix, line 7.”

Raw XML AppendixShowing 400 of 1,051 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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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0403980
IRS990/OtherAssetsTotalGrp/EOYAmt0693243
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt070575
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070575
IRS990/OtherExpensesGrp/Desc0MISC TAXES, LICENSES, A
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3OTHER RENTING EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02739
IRS990/OtherExpensesGrp/ProgramServicesAmt040404
IRS990/OtherExpensesGrp/ProgramServicesAmt19096
IRS990/OtherExpensesGrp/ProgramServicesAmt29078
IRS990/OtherExpensesGrp/ProgramServicesAmt32157
IRS990/OtherExpensesGrp/TotalAmt043143
IRS990/OtherExpensesGrp/TotalAmt19096
IRS990/OtherExpensesGrp/TotalAmt29078
IRS990/OtherExpensesGrp/TotalAmt32157
IRS990/OtherLiabilitiesGrp/BOYAmt0105194
IRS990/OtherLiabilitiesGrp/EOYAmt078264
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY, VENDING, ETC
IRS990/OtherRevenueMiscGrp/ExclusionAmt030989
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030989
IRS990/OtherRevenueTotalAmt030989
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0579621
IRS990/OtherSalariesAndWagesGrp/TotalAmt0579621
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt043001
IRS990/PayrollTaxesGrp/TotalAmt043001
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024923
IRS990/PensionPlanContributionsGrp/TotalAmt024923
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0190358
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0169630
IRS990/PrincipalOfficerNm0GERALD EICKHOFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME APARTMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03886561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03886561
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE FINANCIAL ASSISTANCE TO OTHER ENTITIES WHOSE PURPOSE IS CHARITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC AS ALLOWED UNDER SECION 501(C)(3).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013242544
IRS990/ProgSrvcAccomActy2Grp/GrantAmt013242544
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02423163
IRS990/PYInvestmentIncomeAmt0816543
IRS990/PYOtherExpensesAmt02939315
IRS990/PYOtherRevenueAmt022406
IRS990/PYProgramServiceRevenueAmt03855804
IRS990/PYRevenuesLessExpensesAmt0-1319611
IRS990/PYSalariesCompEmpBnftPaidAmt0651886
IRS990/PYTotalExpensesAmt06014364
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04694753
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4059898
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt03886561
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01901755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01102888
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0656763
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0816543
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09527
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010703
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01502938
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03886561
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03855804
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04759086
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05476326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05838924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt023816701
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0656763
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0816543
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010703
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01502938
IRS990ScheduleA/InvestmentIncomeCYPct00.05890
IRS990ScheduleA/InvestmentIncomePYPct00.03200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt030989
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt022406
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt037353
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt052325
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt051336
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0194409
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93350
IRS990ScheduleA/PublicSupportPY509Pct00.96040
IRS990ScheduleA/PublicSupportTotal509Amt023816701
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03886561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03855804
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04759086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05476326
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05838924
IRS990ScheduleA/Total509Grp/TotalAmt023816701
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04574313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04694753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04805966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05538053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05900963
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025514048
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03138379
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06499292
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09637671
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt011133320
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTES RECEIVABLE FROM SALE OF FACILITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0619683
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0619683
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033492
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0170039
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0203531
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04959
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt267385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST SEC DEP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PET DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03791554
IRS990ScheduleD/TotalBookValueProgramRltdAmt011133320
IRS990ScheduleD/TotalLiabilityAmt078264
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt013242544
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT WORLD OUTREACH FUND'S CHARITABLE ACTIVITIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORLD OUTREACH FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0953849002
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 450049
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd031145
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY DOES NOT HAVE ANY EMPLOYEES. RATHER ALL INDIVIDUALS WORKING FOR THE ENTITY ARE EMPLOYEES OF THE MANAGEMENT COMPANY. THE AMOUNTS PAID TO THESE INDIVIDUALS BY THE MANAGEMENT COMPANY ARE SHOWN AS SALARIES ON PART IX, LINE 7.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELIZABETH GLENN AND JOSEPH GLENN HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION APPOINTS MANSERMAR, INC., THE MANAGEMENT COMPANY, AS EXCLUSIVE AGENT FOR THE MANAGEMENT OF HOUSING DEVELOPMENT CONSISTING OF LAND, BUILDINGS, AND OTHER IMPROVEMENTS. THE DUTIES OF MANAGEMENT COMPANY INCLUDE, BUT ARE NOT LIMITED TO MANAGEMENT INPUT DURING HUD PROCESSING, MARKETING, RENTALS COLLECTION OF RENTS AND OTHER RECEIPTS, ENFORCEMENT OF LEASE, REPAIR AND MAINTENANCE, UTILITIES AND SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE MANAGEMENT COMPANY AND AN OFFICER OF THE BOARD WILL REVIEW THE FORM PRIOR TO FILING. THE BOARD IS PROVIDED WITH A COPY SUBSEQUENT TO FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICTS ARE ANNUALLY DISCLOSED AND DISCUSSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND PROCEDURES AND FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 5 AND PART V, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
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 C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0BROADWAY TOWERS INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0HERITAGE TOWERS NONPROFIT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0824545330
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03517842
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0833314
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 450049
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0GA

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,198,034
Liabilities
$6,361,521
Net assets
$12,836,513
Revenue
$12,449,336
Expenses
$16,509,234
Net income
-$4,059,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$3.73$23.2$2.64$1.82$0.82
2023Summary only. Only limited summary data is available for this year.$26.3$3.85$22.4$12.8$2.76$10.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$5.40$12.4$3.39$2.63$0.77
2021Summary only. Only limited summary data is available for this year.$17.5$5.91$11.6$3.12$4.33$1.21
2020Detailed filing. Detailed filing data is available for this year.$19.2$6.36$12.8$12.4$16.5$4.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$7.55$16.9$4.69$6.01$1.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$7.74$17.8$18.6$4.28$14.4
2017Summary only. Only limited summary data is available for this year.$4.58$6.93$2.35$5.63$4.82$0.81
2016Summary only. Only limited summary data is available for this year.$5.83$9.86$4.03$5.90$5.20$0.70
2015Detailed filing. Detailed filing data is available for this year.$6.17$10.9$4.73$5.80$5.27$0.52
2014Detailed filing. Detailed filing data is available for this year.$6.58$11.8$5.25$5.52$5.29$0.23
2013Detailed filing. Detailed filing data is available for this year.$7.21$12.7$5.48$5.47$5.18$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.70$13.5$5.77$5.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.31$14.2$5.92$5.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$14.8$6.00$4.90