Broadway Community Housing Corporation

Analysis

Broadway Community Housing Corporation is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Broadway Community Housing Corporation reported income of $67k and spending of $74k, spending 111% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $50k to $67k (+34%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Broadway Community Housing Corporation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Sylacauga Special Housing Inc ($67k), Uncle Sams Inc ($67k) and Woodlawn Apartments Inc ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $236k against liabilities of $497k, net assets of -$260k.