2025-11-17T15:25:21-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 460730038 BROADWAY HOUSING COMMUNITIES FOUNDATION INC BROA 2125682030 583 RIVERSIDE DRIVE NEW YORK NY 10031 JANET MCCREATH DIRECTOR OF FINANCE 2125682030 2025-11-17 1 1 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z MIRIAM RACCAH 583 RIVERSIDE DRIVE NEW YORK NY 10031 421008 0 X BROADWAYHOUSING.ORG X 2012 DE OUR PRIMARY EXEMPT MISSION IS TO HOLD ASSETS FOR THE BENEFIT OF BROADWAY HOUSING COMMUNITIES, INC. 4 4 0 0 0 0 750 750 0 0 424104 420258 0 0 424854 421008 1290790 2361776 0 0 0 0 0 0 0 86817 92342 1377607 2454118 -952753 -2033110 17185376 16257278 391 391 17184985 16256887 THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO FUNDRAISE AND HOLD INVESTMENT ASSETS FOR THE BENEFIT OF ITS PARENT ENTITY, BROADWAY HOUSING COMMUNITIES, INC. 0 0 2361776 2361776 0 THE FOUNDATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO HOLD INVESTMENT ASSETS FOR THE BENEFIT OF BROADWAY HOUSING COMMUNITIES, INC. ("BHC"). IN 2024, THE FOUNDATION GIFTED ITS INVESTMENT HOLDINGS GAINS BACK TO BHC TO SUPPORT ITS TAX-EXEMPT MISSION OF PROVIDING HOUSING TO THOUSANDS OF ADULTS, CHILDREN AND FAMILIES IN NEED. 2361776 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X JANET MCCREATH 2125682030 583 RIVERSIDE DRIVE NEW YORK NY 10031 FR JOHN M FELICE DIRECTOR/EMERITUS (NON-VOTING) 2.00 4.00 X 0 0 0 MICHAEL SULLIVAN PRESIDENT 2.00 2.00 X X 0 0 0 BARBARA TARMY VICE PRESIDENT/SECRETARY 2.00 0.00 X X 0 0 0 SHAO-PENG MOY TREASURER 2.00 0.00 X X 0 0 0 ALAN WEIL BOARD CHAIR 2.00 12.00 X X 0 0 0 CHARLENE MELVILLE EXECUTIVE DIRECTOR 1.00 39.00 X 0 257692 31386 DAVID NATHANSON CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 205207 39418 JAN PETRIGAN DIRECTOR OF OPERATIONS 1.00 39.00 X 0 153864 22874 0 616763 93678 0 0 1 0 0 750 750 420258 420258 421008 0 0 420258 2361776 2361776 91893 91893 449 449 2454118 2361776 92342 0 11870 12172 17173506 16245106 17185376 16257278 391 391 391 391 X 263262 425505 16921723 15831382 17184985 16256887 17185376 16257278 -2033110 1105012 0 X 0 1 X 1 1 1 X X X 1 BROADWAY HOUSING COMMUNITIES INC 133212867 7 1 2361776 0 1 2361776 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 16034392 1403430 1606440 15831382 14712393 1962789 640790 16034392 17766250 -2430134 623723 14712393 16622158 1734352 590260 17766250 14749185 2581003 708030 16622158 0.00000 0.82080 0.17920 0 0 0 X PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS THE ORGANIZATION'S ENDOWMENT CONSISTS OF ONE DONOR-RESTRICTED ENDOWMENT FUND ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS TO PROVIDE SUSTAINED FINANCIAL SUPPORT TO THE FOUNDATION'S PARENT ENTITY, BROADWAY HOUSING COMMUNITIES INC. THE ENDOWMENT'S INVESTMENT OBJECTIVE IS TO PRESERVE THE PRINCIPAL VALUE OF THOSE FUNDS, IN BOTH ABSOLUTE AS WELL AS REAL TERMS, AND TO MAXIMIZE, OVER THE LONG-TERM, THE TOTAL RATE OF RETURN EARNED WITHOUT ASSUMING AN UNREASONABLE DEGREE OF RISK. THE ENDOWMENT'S EARNINGS ARE AVAILABLE FOR USE BY THE PARENT TO SUPPORT ITS POVERTY RELIEF EFFORTS. PART X, LINE 2: ASC 740 FOOTNOTE BHCF DOES NOT RECEIVE ITS OWN STANDALONE AUDITED FINANCIAL STATEMENTS; ITS OPERATIONS ARE INCLUDED WITHIN THE FINANCIAL STATEMENTS OF ITS PARENT ORGANIZATION: BROADWAY HOUSING COMMUNITIES INC. THE FIN-48 FOOTNOTE REPRODUCED BELOW IS FROM THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. BHC (AND ITS CONSOLIDATED SUBSIDIARIES) FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. BHC (AND EACH OF ITS SUBSIDIARIES) HAVE BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501 (C)(3) AND 501 (C)(4) OF THE INTERNAL REVENUE CODE. BHC HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF EACH ENTITY'S TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. BHC HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, BHC HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. 1 BROADWAY HOUSING COMMUNITIES INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 133212867 501(C)(3) 2361776 0 GENERAL SUPPORT 1 0 PART I, LINE 1 THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE OPERATIONS OF BROADWAY HOUSING COMMUNITIES AND ITS TAX-EXEMPT RELATED AFFILIATED ENTITIES. PERIODICALLY, THE FOUNDATION MAKES GRANTS BACK TO THE PARENT ORGANIZATION TO SUPPORT THE CHARITABLE INITIATIVES OF THE ENTIRE NETWORK OF HOUSING ENTITIES. NO FURTHER MONITORING OF THE GRANTS IS REQUIRED AS THE SAME INDIVIDUALS AUTHORIZING THE GRANTS OVERSEE THE DISBURSEMENT OF THOSE FUNDS BY THE GRANTEE. 0 0 0 0 0 0 0 0 0 CHARLENE MELVILLE EXECUTIVE DIRECTOR 0 257692 0 0 0 0 0 12885 0 18501 0 289078 0 0 DAVID NATHANSON CHIEF FINANCIAL OFFICER 0 205207 0 0 0 0 0 4734 0 34684 0 244625 0 0 JAN PETRIGAN DIRECTOR OF OPERATIONS 0 153864 0 0 0 0 0 5607 0 17267 0 176738 0 0 PART I, LINE 3 THE ORGANIZATION'S EXECUTIVE DIRECTOR IS COMPENSATED BY BROADWAY HOUSING COMMUNITIES, INC. ("BHC"), A RELATED ORGANIZATION. BHC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR: - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD FORM 990, PART VI, SECTION A, LINE 6 PURSUANT TO THE FOUNDATION'S BYLAWS, ITS SOLE CORPORATE MEMBER IS ITS PARENT, BROADWAY HOUSING COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S BYLAWS RESERVE THE POWER OF APPOINTING (AND/OR REMOVING) THE FOUNDATION'S BOARD MEMBERS TO THE SOLE CORPORATE MEMBER, BROADWAY HOUSING COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7B THE FOUNDATION'S BYLAWS RESERVE CERTAIN POWERS TO THE MEMBER, SUCH AS THE EXCLUSIVE POWER TO AMEND AND REPEAL THE BYLAWS AND THE CERTIFICATE OF INCORPORATION AS WELL AS TO ESTABLISH THE SIZE OF THE BOARD AND THE COMPOSITION OF ITS OFFICER CLASS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES IN EITHER PAPER OR ELECTRONIC FORM FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION OPERATES UNDER THE CONFLICT OF INTEREST POLICY OF ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES, INC. EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 13 AND 14: BROADWAY HOUSING COMMUNITIES FOUNDATION INC. OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES INC. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED ON THE FORM 990, PART VII; ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, BROADWAY HOUSING COMMUNITIES, INC. THE PROCEDURES EMPLOYED TO DETERMINE THE COMPENSATION OF THESE INDIVIDUALS ARE DISCLOSED ON THAT ORGANIZATION'S FORM 990. FORM 990, PART VI, SECTION C, LINE 19 BHCF MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS; IT IS, LIKEWISE, PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC AT MANAGEMENT'S DISCRETION. FORM 990, PART XII: THE FOUNDATION DID NOT RECEIVE A FEDERAL AWARD REQUIRING IT TO UNDERGO A FEDERAL AUDIT; HOWEVER, THE FOUNDATION'S ACTIVITIES ARE CONSOLIDATED WITHIN THE OMB CIRCULAR A-133 RECEIVED BY ITS PARENT ORGANIZATION, BROADWAY HOUSING COMMUNITIES, INC. BROADWAY HOUSING COMMUNITIES INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 133212867 HOUSING NY 501(C)(3) LINE 7 N/A 0 BROADWAY HOUSING DEVELOPMENT FUND CO 583 RIVERSIDE DRIVE NEW YORK NY 10031 222917994 LOW INCOME HOUSING NY 501(C)(3) LINE 10 BHC 0 BROADWAY RIO HOUSING DEVELOPMENT FUND CO 583 RIVERSIDE DRIVE NEW YORK NY 10031 452155957 LOW INCOME HOUSING NY 501(C)(4) BHC 0 BROADWAY SUGAR HILL HOUSING DEV FUND CO 583 RIVERSIDE DRIVE NEW YORK NY 10031 451336601 DEVELOPMENT NY 501(C)(4) BHC 0 SUGAR HILL NEW MARKET TAX CREDIT INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111306 DEVELOPMENT NY 501(C)(4) BHC 0 BROADWAY HOUSING SUGAR HILL LESSEE INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111161 DEVELOPMENT NY 501(C)(2) BHC 0 SUGAR HILL CHILDREN'S MUSEUM OF ART & ST 583 RIVERSIDE DRIVE NEW YORK NY 10031 465412811 MUSEUM NY 501(C)(3) LINE 7 BHC 0 DOROTHY DAY HOUSING DEVELOPMENT FUND COMPANY INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 852402420 LOW INCOME HOUSING NY 501(C)(4) BHC 0 BROADWAY SUGAR HILL HOUSING LP 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111590 LOW INC HOUSING NY N/A N/A 0 0 583 RIVERSIDE DEVELOPMENT INC 10 FT WASHINGTON AVENUE NEW YORK NY 10032 522325076 RENTAL HOUSING NY BHDFC C 0 SUGAR HILL HOUSING INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111474 REAL ESTATE NY N/A C 0 WEST 77TH STREET INC 129 FULTON STREET NEW YORK NY 10038 134186692 LOW INCOME HOUSING NY N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0