Overview
What is Broadway Terrace Corporation?
Broadway Terrace Corporation is a nonprofit organization that specializes in providing affordable housing for individuals with disabilities. They manage a 40-unit apartment building, funded by the Department of Housing and Urban Development's Section 202 housing program. The building has been refinanced to a 223(f) mortgage, ensuring its continued operation and maintenance. The mission of Broadway Terrace Corporation is to offer accessible and affordable housing options, contributing positively to the community and meeting the needs of their residents.
Is Broadway Terrace Corporation legitimate?
Broadway Terrace Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadway Terrace Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,514
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What is the mission statement of Broadway Terrace Corporation?
Broadway Terrace Corporation's mission revolves around providing handicapped affordable housing. They accomplish this through the operation of a 40-unit apartment building, adhering to the Department of Housing and Urban Development's Section 202 housing program. The corporation has refinanced the building to a 223(f) mortgage, demonstrating their commitment to ensuring continued access to affordable housing for individuals with disabilities.
What is the revenue of Broadway Terrace Corporation?
Broadway Terrace Corporation's revenue in 2023 was $450,116.
Who are the executives of Broadway Terrace Corporation and what are their salaries?
There 7 volunteers at Broadway Terrace Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Broadway Terrace Corporation?
Broadway Terrace Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Broadway Terrace Corporation
Broadway Terrace Corporation is dedicated to providing handicapped affordable housing. This mission is carried out through the operation of a 40-unit apartment building, which adheres to the Department of Housing and Urban Development's Section 202 housing program. The corporation has refinanced the building's funding to a 223(f) mortgage, ensuring the continued availability of affordable housing for the handicapped. Broadway Terrace Corporation's commitment to this cause is evident in its dedicated efforts to uphold the principles of affordable housing and accessibility for individuals with disabilities.
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Impact
October, 2024
Broadway Terrace Corporation plays a vital role in enhancing the quality of life for individuals with disabilities by providing affordable housing solutions tailored to their needs. Through the operation of Berrywood Terrace, a 40-unit apartment building, the organization addresses the critical shortage of accessible housing in Duluth, GA.
By adhering to the Department of Housing and Urban Development's Section 202 housing program, Broadway Terrace Corporation ensures that residents have access to safe, comfortable living spaces designed specifically for handicapped individuals. This commitment not only fosters an inclusive community but also empowers residents by enabling them to live independently while enjoying the security of a stable home environment.
The recent refinancing of the building to a 223(f) mortgage reflects the organization's dedication to maintaining and improving its facilities, ensuring long-term sustainability and continued support for its residents. Overall, Broadway Terrace Corporation has a significant impact on the community, promoting accessibility, independence, and dignity for those with disabilities.
This information is meant to be a general summary of Broadway Terrace Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $499
- Program Service Revenue: $449,611
- Gross Receipts: $450,116
Assets and Liabilities:
- Total Assets: $1,131,408
- Total Liabilities: $1,396,631
- Net Assets: -$265,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$449,611
Organization Details
Founding Year
2005
Principal Officer
Gerald Eickhoff
NTEE Category
Code: L22 - Housing
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