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Broadway Rio Housing Development Fund Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452155957 ✦ New york, NY ✦ Designated as a 501(c)(4)

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Overview

What is Broadway Rio Housing Development Fund Company Inc?

Broadway Rio Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 583 Riverside Drive 7th Floor, New York, NY 10031. Their primary focus is on operating and managing the Rio housing project, which is a low-income housing complex. This project, located at 10 Fort Washington Ave., is known for its integration of supportive housing for children, offering 75 studio apartments and 7 family units. The organization also provides an after-school program for children living in the complex and the surrounding neighborhood, as well as a community art gallery that offers academic, cultural, and social enrichment opportunities for the entire community.


Official website here: www.broadwayhousing.org

Is Broadway Rio Housing Development Fund Company Inc legitimate?

Broadway Rio Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Broadway Rio Housing Development Fund Company 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 Rio Housing Development Fund Company Inc?

Broadway Rio Housing Development Fund Company Inc's primary mission is to manage a low-income housing project. Specifically, they operate the Rio Housing Project, which comprises 82 apartments located in an unspecified location. The company's objective is to provide affordable housing, as evidenced by the project's integration of supportive housing for children and families. The project includes various amenities such as an after-school program for children and a community art gallery, offering academic, cultural, and social enrichment opportunities for the community. The company's activities aim to contribute positively to the community by offering a supportive living environment.


Official website here: www.broadwayhousing.org

Who is the CEO of Broadway Rio Housing Development Fund Company Inc?

Charlene Melville is the Principal Officer of Broadway Rio Housing Development Fund Company Inc.


Official website here: www.broadwayhousing.org

What is the revenue of Broadway Rio Housing Development Fund Company Inc?

Broadway Rio Housing Development Fund Company Inc's revenue in 2022 was $796,246.


Official website here: www.broadwayhousing.org

Who are the executives of Broadway Rio Housing Development Fund Company Inc and what are their salaries?


Here are 4 key members and their salaries:


Ellen Baxter (President)
  • Compensation: $0
  • Related: $201,616
  • Other: $35,884
Alan Weil (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nathanson - Secretary ((Thru 01/2022)/Vice President)
  • Compensation: $0
  • Related: $189,697
  • Other: $36,613
Taylor Morley - Chief Operating (Off. & Secretary (As Of 01/2022))
  • Compensation: $0
  • Related: $150,577
  • Other: $25,207


Official website here: www.broadwayhousing.org

Where can I find the form 990 for Broadway Rio Housing Development Fund Company Inc?

Broadway Rio Housing Development Fund Company 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 Rio Housing Development Fund Company Inc

Broadway Rio Housing Development Fund Company Inc is dedicated to operating a low-income housing project, known as The Rio. Situated at 10 Fort Washington Avenue, this organization provides 82 apartments, including 75 studio apartments and 7 family units. Beyond housing, the organization offers enriching opportunities for the local community. The Rio incorporates an after-school program for both resident and neighboring children, offering them academic, cultural, and social growth experiences. Additionally, the building houses a community art gallery, which serves as a platform for artistic expression and learning opportunities for the entire community.

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Impact




October, 2024

Broadway Rio Housing Development Fund Company Inc. significantly impacts the community by operating the Rio Housing Project, which comprises 82 low-income apartments at 10 Fort Washington Avenue in New York City. This innovative housing initiative is notable for being the city's first project designed to integrate supportive housing specifically for children.

The project features 75 studio apartments and 7 family units, providing much-needed affordable housing in a densely populated urban area. Beyond simply offering shelter, the Rio enhances community well-being by hosting an afterschool program for children in the building and the surrounding neighborhood. This initiative provides a safe and structured environment for kids to engage in academic pursuits and cultivate social skills.

Additionally, the community art gallery within the building promotes cultural enrichment, offering artistic opportunities that benefit residents and nearby inhabitants alike. By intertwining housing, education, and cultural resources, the Broadway Rio Housing Development Fund Company Inc. has created a holistic living environment that fosters community cohesion and supports the development of its youth. This model not only serves the immediate residents but sets a precedent for integrating supportive resources within housing developments to enhance overall quality of life.




This information is meant to be a general summary of Broadway Rio Housing Development Fund Company 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.

Revenue
$796,246 (2022)
Expenses
$1,142,398 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,425
  • Program Service Revenue: $784,821
  • Gross Receipts: $796,246

Assets and Liabilities:

  • Total Assets: $3,861,415
  • Total Liabilities: $4,125,211
  • Net Assets: -$263,796

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENTAL INCOME

Revenue

$784,821

Organization Details

Founding Year

2011

Principal Officer

Charlene Melville

Main Address

583 RIVERSIDE DRIVE 7TH FLOOR, NEW YORK, NY, 10031

NTEE Category

Code: L20 - Housing

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