West Broadway Neighborhood Association

Nonprofit profile at a glance

EIN
222600067
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Providence, RI, USA
Phone
4018319344
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$133,281
Expenses
$197,865
Assets
$769,047
Liabilities
$205,703

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

Leadership & pay

15 people listed

Executive titles in this filing

  • Noel Sanchez (President)
  • Alozie Nwosu (Vice President)
  • Courtney Reardon (Vice President)
  • Siobhan Callahan (Executive Director)

Highest reported compensation

  • Siobhan Callahan (Executive Director): $45,619 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

West Broadway Neighborhood Association (The Association) is a Rhode Island organzation whose mission is to organize its neighbors and businesses on the west side of Providence to preserve and protect our diverse, historic, urban community as a safe, vibrant, and sustainable place to shop, work, eat, live and learn locally. The Association's purpose is accomplished by working with government agencies, private foundations and other local organzations for the benefit of the common and public areas generally located in the West Broadway area of Providence Rhode Island. The Association educates the residents of the West Broadway area in community improvement through meetings, workshops, grassroots programs, community development projects and other events. 1577 Westminster street is an owned mixed use building that has green elements including solar panels, blown in insulation high efficiency heating and white reflective roof. The ground floor is owned by the Association.

What it reported doing in 2024

WBNA programs and initiatives support and promote the neighborhood as a sustainable place for our diverse population to shop, work, eat, live and learn locally. Working with neighbors, businesses, elected officials and other local nonprofits, these include vaccination and flu shot clinics, tree-planting and community gardening, neighborhood cleanups, events to encourage connection and dialogue between neighbors and elected officials, engagement with local schools, a charging station for electric vehicles, and creating spaces for small businesses to thrive. Partnering with local organizations, we support work that serves the most vulnerable members of our community. Through our popular Live Local, Give Local campaign, we contribute tangible assistance in the form of grocery gift cards to food insecure neighbors during November and December, as well as toy gift cards at Christmas. In 2024 we distributed 217 cards to local schools (Asa Messer Elementary, West Broadway Middle School, Central and Classical High Schools, and the Providence Career and Technical Academy). and two community centers for families in need. WBNA's two rental properties, at 1192 and 1577 Westminster Street, rented at below market value, are examples of our mission to keep low income families in the neighborhood and to encourage and promote emerging small businesses. Our tenants include a low income family, a nonprofit, and two small, minority-owned businesses that also benefit from WBNA's extensive communications network and connections to local government.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.2%; rating input score 81
  • Fundraising efficiency: $8.5 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -48.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 3.89; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 23.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: -5.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -1.7% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.2% of spending went to programs
  • Governance: 14 of 14 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $161K in reported program spending
  • Leadership: top reported pay $46K · 15 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.