Overview
What is Broadway Housing Development Fund Co Inc?
Broadway Housing Development Fund Co Inc is a nonprofit organization situated in New York, specifically at 583 Riverside Drive, New York, NY 10031. The primary mission of this organization is dedicated to providing and managing permanent housing for low-income individuals and those who were previously homeless, including those with special needs. Through its affiliate, Broadway Housing Communities Inc. (BHC), they manage several housing projects, such as The Edgecombe and The Delta. The Edgecombe, located at 345 Edgecombe Avenue, New York, offers 21 single room occupancy units, while The Delta, situated at 475 West 145th Street, provides 32 studio and one-bedroom apartments. The organization's goal is to contribute to housing solutions in New York City for underprivileged individuals and families.
Official website here: www.broadwayhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Broadway Housing Development Fund Co Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The overall score of 81% indicates that the organization is well-managed and demonstrates a commitment to transparency, particularly in its financial practices. The rating is derived entirely from a single beacon score focused on Accountability & Finance, which showcases the organization’s strengths in this area.
The organization has excelled in various financial metrics, including a high program expense ratio of 89%, indicating that a significant portion of its resources is directed towards its mission. Additionally, it scored full points in critical areas such as financial statements audits, conflict of interest policies, and whistleblower protections, which further underscores its commitment to ethical operations and governance.
Despite the positive ratings, the summary does not provide insights into the organization's impact or program effectiveness, leaving potential donors with limited context on the outcomes of its initiatives. Overall, while Broadway Housing Development Fund Co Inc demonstrates strong financial accountability, further information on its programmatic success would enhance the understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Broadway Housing Development Fund Co Inc legitimate?
Broadway Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadway Housing Development Fund Co Inc 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: $0
For more financial information, click here
Official website here: www.broadwayhousing.org
What is the mission statement of Broadway Housing Development Fund Co Inc?
Broadway Housing Development Fund Co Inc's primary objective is to develop, manage, and operate housing for homeless and low-income individuals and families in New York City. This non-profit organization, through its affiliate Broadway Housing Communities Inc., oversees the management of permanent housing for this demographic, including those with special needs. They currently manage two supportive housing projects: The Edgecombe, located in New York, offering 21 single room occupancy units, and The Delta, located at 475 West 145th Street, comprising 32 studio and one-bedroom apartments.
Official website here: www.broadwayhousing.org
Who is the CEO of Broadway Housing Development Fund Co Inc?
Charlene Melville is the Principal Officer of Broadway Housing Development Fund Co Inc.
Official website here: www.broadwayhousing.org
What is the revenue of Broadway Housing Development Fund Co Inc?
Broadway Housing Development Fund Co Inc's revenue in 2022 was $848,119.
Official website here: www.broadwayhousing.org
Who are the executives of Broadway Housing Development Fund Co Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $201,616
- Other: $35,884
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $189,697
- Other: $36,613
- Compensation: $0
- Related: $150,577
- Other: $25,207
Official website here: www.broadwayhousing.org
Where can I find the form 990 for Broadway Housing Development Fund Co Inc?
Broadway Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadwayhousing.org
Learn more at the official website: www.broadwayhousing.org
Mission Statement of Broadway Housing Development Fund Co Inc
Broadway Housing Development Fund Co Inc, as a nonprofit organization, is committed to developing, operating, and managing housing in New York City for individuals and families who are homeless or have low income. This mission is carried out through its affiliate, Broadway Housing Communities Inc. (BHC), which manages permanent housing for this group of people, including those with special needs. Broadway Housing Development Fund Co Inc owns and operates two supportive housing projects: The Edgecombe, located at 345 Edgecombe Avenue, providing 21 single room occupancy units in a landmarked building; and The Delta, located at 475 West 145th Street, consisting of 32 studio and one-bedroom apartments. These projects aim to provide a safe and stable living environment for those in need.
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Impact
October, 2024
Broadway Housing Development Fund Co Inc significantly impacts the New York City community by addressing the pressing needs of homeless and low-income individuals and families. Through its dedicated efforts, the organization develops, owns, and manages permanent housing solutions, ensuring stable living conditions for those who are vulnerable or previously homeless.
By operating supportive housing projects, such as The Edgecombe and The Delta, Broadway Housing provides residents with not only a place to live but also access to necessary resources and support services tailored to their unique needs, including those with special requirements. This initiative helps residents build a foundation for a better quality of life, promoting stability and independence.
The commitment to managing housing in a city grappling with affordability challenges plays a crucial role in fostering inclusive communities. Broadway Housing's impact extends beyond individual residents, contributing to the overall well-being of neighborhoods and reducing homelessness in New York City. Through its comprehensive approach to housing development and management, Broadway Housing is instrumental in creating pathways to self-sufficiency for its residents and enhancing the city's social fabric.
This information is meant to be a general summary of Broadway Housing Development Fund Co Inc. 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 2022.
- Investment Income: $419,689
- Program Service Revenue: $427,844
- Gross Receipts: $848,119
Assets and Liabilities:
- Total Assets: $32,880,239
- Total Liabilities: $1,990,631
- Net Assets: $30,889,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - RESID.
Revenue
$427,844
Organization Details
Founding Year
1998
Phone
(212) 568-2030Principal Officer
Charlene Melville
Main Address
583 RIVERSIDE DRIVE, NEW YORK, NY, 10031
Website
www.broadwayhousing.orgNTEE Category
Code: L20Z - Housing
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