Broadway Tower Inc

Nonprofit profile at a glance

EIN
943130269
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
San Francisco, CA, USA
Phone
4159891111
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$25,662
Expenses
$23,871
Assets
$219,220
Liabilities
$22,017

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KENNETH LOMBARD (PRESIDENT)
  • JAMES MATHER (VICE PRESIDENT)
  • SIERRA ATILANO (VICE PRESIDENT)
  • NATALIA WILLIAMS (VICE PRESIDENT)
  • SMITHA SESHADRI (VICE PRESIDENT)

People named in this filing

  • KENNETH LOMBARD (PRESIDENT)
  • DELPHINE SHERMAN (EVP/CFO)
  • REBECCA HLEBASKO (SVP & SECRETARY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission: this organization supports bridge housing corporation (bridge). Bridge strengthens communities by developing, owning and managing high-quality, affordable homes for working families and seniors.vision:* bridge strengthens communities and creates opportunities for working families and seniors, beginning but not ending with housing.* bridge is a leader and innovator in the mission-driven business of effective production, operation and ownership of affordable and mixed-income housing.* bridge earns the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.* bridge is the go-to developer and owner for public officials, investors and communities seeking an array of housing solutions, and it delivers results.

What it reported doing in 2024

The organization is the general partner of broadway tower associates, lp, a partnership providing affordable housing for low-income individuals.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 82
  • Sustainability: 63
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 92.7%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 9.18; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 146.8% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -19.7% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 86.2% of revenue deployed · 92.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 214 filed related-organization links
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.