Broadway Improvement Corporation
Nonprofit profile at a glance
- EIN
- 202909403
- IRS 990-EZ coverage
- 2015–2022
- Forms available
- Form 990-EZ 2022
- Location
- Fair Lawn, NJ, USA
- Phone
- 2015383200
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $121,306
- Expenses
- $110,513
- Assets
- $80,878
- Liabilities
- $6,040
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- DAN BERKE (PRESIDENT)
People named in this filing
- ROBERT BESHLIAN (SECRETARY)
- DAN BERKE (PRESIDENT)
- DENNIS CUMMINS JR (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster economic and physical development of the broadway commercial district in the borough of fair lawn.
What it reported doing in 2022
To foster economic and physical developmentof the broadway commercial district inthe borough of fair lawn.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 82
- Sustainability: 51
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.1%; rating input score 52
- Program expense ratio: 57%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.9%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: -6.5% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -1.3% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: 19.1% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 52.1% of revenue deployed · 57% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2015 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.