Nonprofit · EIN 35-1928008
BROADWAY DEVELOPEMENT CORP
Tax-exempt · GARY, IN 46404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,060,184 | $623,638 | $1,436,546 | $1,836,799 | $1,229,420 | $607,379 |
| December 31, 2024 | 990 | $210,717 | $623,637 | -$412,920 | $5,215,240 | $4,686,781 | $528,459 |
| December 31, 2023 | 990 | $891,639 | $187,098 | $704,541 | $5,621,657 | $3,695,048 | $1,926,609 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,158
- Investment income
- $0
- Net income from fundraising events
- $15,535
- Other revenue
- $2,052,026
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $84,823
- Salaries, compensation and benefits (total)
- $99,211
- Professional fundraising fees
- $0
- Occupancy
- $26,539
- Program services (functional)
- $405,981
- Management and general (functional)
- $217,657
Balance sheet and other
- Total assets, start of year
- $5,215,240
- Total assets, end of year
- $1,836,799
- Total liabilities, end of year
- $1,229,420
- Net assets, end of year
- $607,379
- Net assets without donor restrictions
- $607,379
- Gross receipts
- $2,060,184
- Employees
- 0
- Year formed
- 1995
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rhea Basemoor | PRESIDENT Trustee or director, Officer | 5 | $0 |
| Sharron Liggins | Vice President/Treasurer Trustee or director, Officer | 5 | $0 |
| Ranelle Allen | Secretary Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rhea Basemoor | PRESIDENT Trustee or director, Officer | 5 | $0 |
| Sharron Liggins | Vice President/Treasurer Trustee or director, Officer | 5 | $0 |
| Ranelle Allen | Secretary Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARRON LIGGINS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHAWNTELL TAYLOR | SECRETARY Trustee or director, Officer | 5 | $0 |
| RANELLE ALLEN | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 650 GRANT STREET STE 4, GARY, IN 46404-1551
- Principal officer (990 for 2025)
- PORSHCA GOFFIN, 650 GRANT STREET STE 4, GARY, IN 46404
- Signed the 990
- PORSHCA GOFFIN, EXECUTIVE DIRECTOR
- Phone
- (219) 427-0465
- Website
- https://broadwaycdc.com/
- Return prepared by
- Hamzat & Associates
Mission
PROPERTY DEVELOPMENT AND MANGEMENT TO IMPROVE THE QUALITY OF HOUSING WITHIN A SPECIFIED AREA OF GARY, IN.
Program accomplishments
- PROGRAM SERVICE EXPENSES
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1928008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $1,836,799
- Income (IRS master file)
- $2,060,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,060,184 | $623,638 | $1,836,799 | XML |
| 990 | December 2024 | $210,717 | $623,637 | $5,215,240 | XML |
| 990 | December 2023 | $891,639 | $187,098 | $5,621,657 | XML |
| 990 | December 2022 | $99,154 | $149,721 | $4,932,076 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1928008).
Questions about BROADWAY DEVELOPEMENT CORP
- What is the EIN of BROADWAY DEVELOPEMENT CORP?
- The employer identification number (EIN) of BROADWAY DEVELOPEMENT CORP is 35-1928008.
- Is BROADWAY DEVELOPEMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to BROADWAY DEVELOPEMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROADWAY DEVELOPEMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BROADWAY DEVELOPEMENT CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROADWAY DEVELOPEMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BROADWAY DEVELOPEMENT CORP?
- The 990 for the year ended December 31, 2025 names PORSHCA GOFFIN.
- Who are the officers and directors of BROADWAY DEVELOPEMENT CORP?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BROADWAY DEVELOPEMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,060,184, expenses of $623,638 and total assets of $1,836,799 at year end.
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All nonprofits in GARY · Indiana · Community improvement and capacity building