Overview
What is Broadway Tower Corporation?
Broadway Tower Corporation, operating under the name Knights of Columbus Tower, is a nonprofit organization based in Pittsburg, Kansas. Their primary mission is to provide affordable housing for low-income elderly individuals. In 2021, they sold one of their properties. Currently, the organization is in the process of liquidating its assets, which will be distributed to other 501(c)(3) entities once legal affairs are finalized. Despite its transition phase, Broadway Tower Corporation remains dedicated to its mission of providing affordable housing for the elderly.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Broadway Tower Corporation has achieved a 73% rating, indicating a moderate level of accountability and financial health. The organization has a fully independent board and maintains a strong liabilities to assets ratio, reflecting solid financial management. Additionally, it has an impressive program expense ratio of 99.88%, suggesting that a significant portion of its funds is directed towards its programs.
However, the organization faces several limitations that impact its overall rating. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which are critical for governance and transparency. Furthermore, the absence of its website listed on tax forms and the missing tax form on its website signifies a need for improvement in communication and public accessibility of information.
This AI summary has been generated from information found on Charity Navigator.
Is Broadway Tower Corporation legitimate?
Broadway Tower Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadway Tower 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: $0
For more financial information, click here
What is the mission statement of Broadway Tower Corporation?
Broadway Tower Corporation's mission is centered around providing affordable housing for low-income elderly individuals. This mission is a key aspect of their operations, aiming to make housing accessible for a specific group of people in need. Unfortunately, the corporation sold their low-income property in 2021 and is currently in the process of liquidation. Once legal affairs are finalized, the remaining assets of Broadway Tower Corporation will be distributed to other eligible 501(c)(3) entities.
Who is the CEO of Broadway Tower Corporation?
Steve Hicks is the Vice Preside of Broadway Tower Corporation.
What is the revenue of Broadway Tower Corporation?
Broadway Tower Corporation's revenue in 2022 was $0.
Who are the executives of Broadway Tower Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Tower Corporation?
Broadway Tower Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Broadway Tower Corporation
Broadway Tower Corporation, as a nonprofit organization, is committed to providing affordable housing solutions for low-income elderly individuals. This mission is at the heart of its operations, aiming to make a significant difference in the lives of those who may be facing housing challenges due to their age and financial circumstances. However, it's important to note that in 2021, Broadway Tower Corporation sold one of its low-income properties. Currently, the organization is in the process of liquidating its assets. Once the legal affairs are finalized, these remaining assets will be distributed to other 501(C)(3) entities, ensuring that the mission of providing affordable housing for the elderly continues in some form or another. Despite the changes in its operational structure, Broadway Tower Corporation's mission to serve the elderly community remains a testament to its enduring commitment to social responsibility.
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Impact
October, 2024
Broadway Tower Corporation's impact is rooted in its mission to provide affordable housing for low-income elderly individuals. By focusing on this demographic, the organization has played a crucial role in addressing a significant need within the community in Pittsburg, KS. Although they sold their low-income property in 2021 and are currently in the process of liquidating, the attention to affordable housing underscores the challenges faced by low-income seniors in accessing safe and stable living conditions.
As the organization finalizes its legal affairs, the remaining assets will be distributed to other 501(c)(3) entities, ensuring that the commitment to supporting those in need continues beyond its operational phase. This transfer of assets aims to enhance community resources dedicated to affordable housing, thereby extending the organization's impact even as it transitions out of active services. Ultimately, Broadway Tower Corporation's legacy is reflected in its dedication to addressing housing insecurity among vulnerable populations, setting a precedent for future initiatives focused on similar missions.
This information is meant to be a general summary of Broadway Tower 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 2022.
Assets and Liabilities:
- Total Assets: $66,331
- Total Liabilities: $0
- Net Assets: $66,331
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Organization Details
Founding Year
1981
Phone
(620) 231-1131Principal Officer
Steve Hicks
Main Address
611 VICTORIAN DR, PITTSBURG, KS, 667623850
NTEE Category
Code: L21Z - Housing
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