2025-11-17T15:32:22-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 452155957 BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC BROA 2125682030 583 RIVERSIDE DRIVE 7TH FLOOR NEW YORK NY 10031 JANET MCCREATH DIRECTOR OF FINANCE 2125682030 2025-11-17 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z MIRAM RACCAH 583 RIVERSIDE DRIVE NEW YORK NY 10031 813549 0 X BROADWAYHOUSING.ORG X 2011 NY OPERATION OF THE 82 APARTMENT LOW-INCOME RIO HOUSING PROJECT LOCATED AT 10 FORT WASHINGTON AVE. 2 1 0 0 0 0 0 0 757430 793832 21217 19717 0 0 778647 813549 280000 280000 0 0 0 0 0 0 0 872106 908795 1152106 1188795 -373459 -375246 3454514 3193170 4091769 4205671 -637255 -1012501 TO OPERATE A LOW-INCOME HOUSING PROJECT KNOWN AS THE RIO COMPRISED OF 82 APARTMENTS LOCATED AT 10 FORT WASHINGTON AVENUE, NEW YORK, NEW YORK. 0 0 1097672 280000 793832 BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC OWNS AND OPERATES NEW YORK CITY'S FIRST HOUSING PROJECT TO INTEGRATE SUPPORTIVE HOUSING FOR CHILDREN, THE RIO HAS 75 STUDIO APARTMENTS AND 7 FAMILY UNITS. THE BUILDING INCLUDES AN AFTERSCHOOL PROGRAM FOR RESIDENT AND NEIGHBORHOOD CHILDREN AND A COMMUNITY ART GALLERY PROVIDING ACADEMIC, CULTURAL AND SOCIAL ENRICHMENT OPPORTUNITIES FOR THE ENTIRE COMMUNITY. 1097672 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 3 0 1 0 0 0 0 0 0 0 0 0 X 2 1 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 CHARLENE MELVILLE PRESIDENT 2.00 38.00 X X 0 257692 31386 ALAN WEIL VICE PRESIDENT 1.00 13.00 X X 0 0 0 DAVID NATHANSON TREASURER/SECRETARY 2.00 38.00 X 0 205207 39418 JAN PETRIGAN DIRECTOR OF OPERATIONS 2.00 38.00 X 0 153864 22874 0 616763 93678 0 0 1 0 0 TENANT RENTAL INCOME 531110 793832 793832 793832 19717 19717 813549 793832 0 19717 280000 280000 71323 71323 6393 6393 10000 10000 16273 12900 3373 1063 1029 34 14052 14052 178707 178707 148070 148070 100745 100745 REPAIRS AND MAINTENANCE 295272 295272 BAD DEBT EXPENSE 52261 52261 EQUIPMENT 10076 10076 INSPECTIONS 4560 4560 1188795 1097672 91123 0 1335229 858928 91294 382479 31534 31534 5603828 3683599 1996457 1920229 3454514 3193170 63848 192838 3916966 3916966 110955 95867 4091769 4205671 X -637255 -1012501 -637255 -1012501 3454514 3193170 -375246 0 X X 0 1 X 1 1 1 289942 289942 5313886 3683599 1630287 1920229 DUE TO AFFILIATES 60353 SECURITY DEPOSITS PAYABLE 35514 95867 X PART X, LINE 2: ASC 740 FOOTNOTE BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC 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) 280000 0 GENERAL SUPPORT 1 0 PART I, LINE 2: THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE OPERATIONS OF BROADWAY HOUSING COMMUNITIES AND ITS TAX-EXEMPT RELATED AFFILIATED ENTITIES. PERIODICALLY, THE ORGANIZATION MAKES GRANTS BACK TO AFFILIATED ORGANIZATIONS 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 PRESIDENT 0 257692 0 0 0 0 0 12885 0 18501 0 289078 0 0 DAVID NATHANSON TREASURER/SECRETARY 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 FORM 990, PART VI, SECTION A, LINE 6 GOVERNING BODY AND MANAGEMENT PURSUANT TO THE ORGANIZATION'S BYLAWS, ITS SOLE CORPORATE MEMBER IS ITS PARENT, BROADWAY HOUSING COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BYLAWS RESERVE THE POWER OF APPOINTING (AND/OR REMOVING) THE ORGANIZATION'S BOARD MEMBERS TO THE SOLE CORPORATE MEMBER, BROADWAY HOUSING COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'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 ORGANIZATION 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, POLICIES, LINES 13 AND 14: BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY 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 ORGANIZATION 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 BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC 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. 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 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 COMMUNITIES FOUNDATION 583 RIVERSIDE DRIVE NEW YORK NY 10031 460730038 SUPPORT ORG DE 501(C)(3) LINE 12A, I 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 BROADWAY HOUSING SUGAR HILL LESSEE INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111161 DEVELOPMENT NY 501(C)(2) 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 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0