Overview
What is Broadway Towers Inc?
Broadway Towers Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to manage three apartment complexes, providing housing for the elderly and self-sufficient handicapped individuals. This aligns with the Department of Housing and Urban Development's 202 Housing Program. In addition to housing, Broadway Towers Inc also engages in charitable, educational, religious, and scientific purposes, as permitted under Section 501(c)(3) of the Internal Revenue Code of 1986. They operate with the intention of benefiting the public and contributing to various social causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Broadway Towers Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The rating is based entirely on their Accountability & Finance score, which stands at 79%. This score indicates that the organization is transparent and responsible in its financial dealings, ensuring that the majority of its resources are directed toward its programs.
A notable strength of Broadway Towers Inc is its governance structure, which features 100% independent board members. This ensures impartial decision-making and highlights the organization's commitment to ethical standards. They have also implemented essential policies, such as a conflict of interest and whistleblower policy, contributing to their strong accountability practices.
However, while their financial management appears robust, the overall score suggests there may be areas to improve beyond the current metrics. Continuous monitoring and enhancing their performance in additional areas may help elevate their rating further in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Broadway Towers Inc legitimate?
Broadway Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadway Towers 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: $445,702
For more financial information, click here
What is the mission statement of Broadway Towers Inc?
Broadway Towers Inc's mission revolves around managing three apartment complexes, primarily catering to the needs of elderly and handicapped residents. This is done with a focus on public benefit and charitable purposes. The organization adheres to the Department of Housing and Urban Development's 202 Housing Program, providing housing for the elderly and self-sufficient handicapped residents. Additionally, Broadway Towers Inc allows for charitable, educational, religious, or scientific purposes as permitted under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. In essence, the organization is dedicated to providing appropriate housing and community facilities for its residents, while also supporting various charitable causes.
Who is the CEO of Broadway Towers Inc?
Gerald Eickhoff is the President of Broadway Towers Inc.
What is the revenue of Broadway Towers Inc?
Broadway Towers Inc's revenue in 2022 was $3,394,281.
Who are the executives of Broadway Towers Inc and what are their salaries?
There 7 volunteers at Broadway Towers Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Broadway Towers Inc?
Broadway Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Broadway Towers Inc
Broadway Towers Inc, as a nonprofit organization, is committed to managing three apartment complexes primarily for the benefit of elderly and handicapped residents. This mission extends beyond providing housing, encompassing a broader scope of public benefit and charitable purposes. In accordance with the Department of Housing and Urban Development's 202 Housing Program, Broadway Towers Inc ensures suitable living arrangements for the elderly and self-sufficient handicapped residents. Additionally, the organization is permitted to engage in charitable, educational, religious, or scientific activities permitted under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. This multifaceted approach allows Broadway Towers Inc to contribute to the well-being of its residents and the community at large.
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Impact
July, 2024
Broadway Towers Inc's impact can be seen in their management of three apartment complexes dedicated to providing housing for the elderly and self-sufficient handicapped individuals. By adhering to the Department of Housing and Urban Development's guidelines, Broadway Towers Inc ensures that these vulnerable populations have a safe and supportive living environment. Through their work, they contribute to enhancing the quality of life for elderly and handicapped residents, fulfilling a vital need in the community while also serving other public benefit and charitable purposes.
This information is meant to be a general summary of Broadway Towers 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: $336,275
- Program Service Revenue: $3,046,480
- Gross Receipts: $3,394,281
Assets and Liabilities:
- Total Assets: $17,793,072
- Total Liabilities: $5,401,059
- Net Assets: $12,392,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME APARTMENTS
Revenue
$3,046,480
Organization Details
Founding Year
1979
Phone
(678) 330-2000Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L21Z - Housing
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