Overview
What is Broadway Area Community Development?
Broadway Area Community Development is a nonprofit organization situated in Gary, Indiana, dedicated to enhancing the quality of housing within a particular area of the city. Their primary focus lies in property development and management, aiming to improve living conditions for the community. The organization's mission is to contribute to the betterment of the specified neighborhood by upgrading housing standards. They remain committed to their cause, working tirelessly to improve the housing sector within Gary, Indiana.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating
Broadway Area Community Development has received a Two-Star rating from Charity Navigator, indicating a mixed performance mainly in the area of accountability and finance. The overall score is derived entirely from a single beacon score, which emphasizes the organization’s financial practices. Their score reflects a strong commitment to governance with an independent board consisting of 100% independent members and transparent practices.
The charity showcases positive aspects in its accountability measures, such as having a conflict of interest policy and thorough documentation of board meeting minutes. Additionally, the organization reports a respectable program expense ratio of 74.73%, which indicates that a significant portion of its funds is directed toward fulfilling its mission. However, a notable concern arises from a low score in the liabilities to assets ratio, which may reflect potential financial vulnerabilities.
While Broadway Area Community Development demonstrates responsible governance and transparency, the overall Two-Star rating suggests that there are areas for improvement, particularly in financial stability. Potential donors and stakeholders should consider these factors when assessing the charity's effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Broadway Area Community Development legitimate?
Broadway Area Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadway Area Community Development 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
What is the mission statement of Broadway Area Community Development?
Broadway Area Community Development's mission is centered around improving the quality of housing within a designated area. Through property development and management, they aim to enhance living standards and contribute to a more prosperous community. Their primary focus is on a specific location, with the ultimate goal of making a positive impact on the residential sector. They strive to uplift the community by improving housing conditions, contributing to a more livable and attractive environment.
Who is the CEO of Broadway Area Community Development?
Sharron Liggins is the President of Broadway Area Community Development.
What is the revenue of Broadway Area Community Development?
Broadway Area Community Development's revenue in 2022 was $99,154.
Who are the executives of Broadway Area Community Development and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Broadway Area Community Development?
Broadway Area Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Broadway Area Community Development
Broadway Area Community Development, as a nonprofit organization, is committed to enhancing the quality of housing within a specific area. Their mission involves property development and management, aiming to improve the living conditions in this designated sector. By undertaking property development projects, they strive to elevate the standard of housing, making it a more comfortable and suitable environment for the community. Their management efforts ensure that the properties are well-maintained and meet the necessary standards, contributing to a safer and more pleasant living environment for the residents. Overall, Broadway Area Community Development is dedicated to improving the housing situation in its assigned area, thereby enhancing the quality of life for its inhabitants.
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Impact
October, 2024
The Broadway Area Community Development significantly enhances the quality of housing in specific neighborhoods of Gary, Indiana. By focusing on property development and management, it works to transform the living conditions of residents, contributing to safer, more appealing, and sustainable communities. This initiative not only improves individual homes but also revitalizes the entire area, fostering a sense of pride among residents and encouraging community engagement. The impact is evident through increased property values, enhanced neighborhood aesthetics, and a stronger sense of community cohesion, ultimately contributing to the overall improvement of the quality of life for the inhabitants of Gary.
This information is meant to be a general summary of Broadway Area Community Development. 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.
- Program Service Revenue: $74,633
- Gross Receipts: $99,154
Assets and Liabilities:
- Total Assets: $4,932,076
- Total Liabilities: $3,695,048
- Net Assets: $1,237,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN/DEVELOPMENT FEES
Revenue
$74,469
MISC
Revenue
$164
Organization Details
Founding Year
1995
Phone
(219) 427-0465Principal Officer
Sharron Liggins
Main Address
2200 GRANT STREET APT 201, GARY, IN, 46404
NTEE Category
Code: S99 - Community improvement
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