2022-11-15T10:41:32-06:00 2021-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVE 3RD FLOOR NEW YORK NY 100172013 990 2021-01-01 133212867 BROADWAY HOUSING COMMUNITIES INC BROA 2125682030 583 RIVERSIDE DRIVE NEW YORK NY 10031 DAVID NATHANSON CHIEF FINANCIAL OFFICER 2125682030 2022-11-15 1 DAVID NATHANSON XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ELLEN BAXTER 583 RIVERSIDE DRIVE NEW YORK NY 10031 9859889 0 X BROADWAYHOUSING.ORG X 1983 NY BHC PROVIDES LOW-INCOME HOUSING TO THE UNDERSERVED IN WEST HARLEM AND WASHINGTON HEIGHTS NEW YORK. 20 19 139 0 0 0 4899952 7557720 1958013 1986002 171638 259021 49666 57146 7079269 9859889 399903 0 0 0 6350308 5469868 0 0 423823 1293767 1559440 8043978 7029308 -964709 2830581 11323187 14007162 4958052 4787320 6365135 9219842 X BROADWAY HOUSING COMMUNITIES ("BHC") IS A NON-PROFIT ORGANIZATION RECOGNIZED SINCE 1983 FOR PIONEERING HIGH-IMPACT SOLUTIONS TO THE CHALLENGES OF POVERTY, INEQUALITY AND HOMELESSNESS IN THE NEW YORK CITY NEIGHBORHOODS OF WASHINGTON HEIGHTS AND WEST (SEE SCHEDULE O) HARLEM. TODAY, BHC'S INNOVATIVE MODEL LEVERAGES THE SYNERGIES OF HOUSING, EDUCATION AND THE ARTS TO CREATE MEANINGFUL CHANGE FOR CHILDREN, FAMILIES, ADULTS AND COMMUNITIES CHALLENGED BY THE TWIN FORCES OF NEGLECT AND GENTRIFICATION. 0 0 2799646 0 1986002 SEE SCHEDULE OBHC HAS DEVELOPED AND CURRENTLY OPERATES SEVEN RESIDENTIAL BUILDINGS THAT PROVIDE PERMANENT AFFORDABLE HOUSING AND SERVICES FOR NEARLY 700 CHILDREN AND ADULTS IN WASHINGTON HEIGHTS AND WEST HARLEM, TWO HIGH QUALITY EARLY CHILDHOOD CENTERS WITH THE CAPACITY TO SERVE UP TO 250 CHILDREN FROM BIRTH TO FIVE AND THEIR FAMILIES, THREE COMMUNITY ART GALLERIES, AND A NEW CULTURAL INSTITUTION, THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING. REFLECTING BHC'S LONGSTANDING COMMITMENT TO SOCIAL JUSTICE, AND WITH A KEEN UNDERSTANDING OF THE MULTIPLE CAUSES OF GENERATIONAL POVERTY AND HOMELESSNESS, THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING IS DEDICATED TO THE COGNITIVE AND CREATIVE DEVELOPMENT OF CHILDREN AGES 3-8 AND THEIR FAMILIES, PARTICULARLY THOSE GROWING UP IN POVERTY. THE MUSEUMS CURATORIAL AND EDUCATIONAL PROGRAMS WELCOME YOUNG CHILDREN TO ENGAGE WITH, LEARN FROM, AND CONTRIBUTE TO THE CULTURAL LEGACY OF THIS COMMUNITY. BHC'S APPROACH TO SERVING VERY LOW INCOME AND FORMERLY HOMELESS SINGLE ADULTS AND FAMILIES IS DISTINCTIVE BOTH FOR ITS INTEGRATED TENANCY INCLUSIVE OF THOSE WITH SPECIAL NEEDS AS WELL AS THE ACTIVE ENGAGEMENT OF TENANTS IN THE MANAGEMENT OF THEIR OWN HOUSING. A 24/7 FRONT DESK MANAGEMENT SYSTEM IN PLACE AT EACH OF BHC'S SEVEN BUILDINGS PROVIDES AROUND-THE-CLOCK SECURITY SERVING AS THE "EYES AND EARS" OF EACH BUILDING AND A PLATFORM FOR COMMUNITY-BUILDING. THE FRONT DESK ALSO PROVIDES PART-TIME EMPLOYMENT FOR TENANTS, MANY ENTERING OR RE-ENTERING THE JOB MARKET. FRONT DESK STAFF DEVELOP VALUABLE SKILLS INCLUDING BASIC COMPUTER AND EMAIL SKILLS VIA A BUILDING MANAGEMENT SYSTEM WHICH ENABLES REAL-TIME COMMUNICATION WITH ADMINISTRATIVE STAFF BHC'S FIRST FIVE BUILDINGS PRIMARILY SERVE SINGLE ADULTS.WITH THE 2003 OPENING OF DOROTHY DAY APARTMENTS, THE FOCUS WAS BROADENED TO INCLUDE CHILDREN AND FAMILIES IN GREATEST NEED. DESIGNED AS A COMPREHENSIVE APPROACH TO SERVING HIGH RISK FAMILIES, THE BUILDING SERVICES INCLUDE AN EARLY CHILDHOOD PROGRAM SERVING 51 RESIDENT AND NEIGHBORHOOD CHILDREN, LITERACY PROGRAMS FOR YOUTH AND ADULTS, EDUCATIONAL ADVOCACY FOR RESIDENT ADULTS AND CHILDREN FROM K-12 AND INTO COLLEGE. A COMMUNITY ART GALLERY WITH A YEAR-ROUND CALENDAR OF CULTURAL AND CIVIC EVENTS INCLUDING EVENING AND WEEKEND PROGRAMS CELEBRATES LOCAL ARTISTS AND ENRICHES RESIDENTS AND THE WIDER COMMUNITY. THE EDUCATIONAL PARADIGM PILOTED AT DOROTHY DAY APARTMENTS IS REPLICATED AT BHC'S SEVENTH AND MOST AMBITIOUS COMMUNITY REVITALIZATION INITIATIVE.KNOWN AS THE SUGAR HILL PROJECT, THIS MIXED-USE DEVELOPMENT IS LOCATED IN HARLEM'S SUGAR HILL HISTORIC DISTRICT AND PROVIDES 124 UNITS OF PERMANENT HOUSING AFFORDABLE TO FAMILIES AT THE LOWEST INCOME BANDS, INCLUDING 25 UNITS SET ASIDE FOR HOUSEHOLDS EXITING THE HOMELESS SHELTER SYSTEM. TENANCY, LIKE AT DOROTHY DAY APARTMENTS, IS INTEGRATED AND INCLUSIVE OF THOSE WITH SPECIAL NEEDS. STAFF ARE ACTIVELY ENGAGED WITH RESIDENT ADULTS, CHILDREN AND FAMILIES, AND PROVIDES SERVICES AS NEEDED THE SUGAR HILL PROJECT INCLUDES A LICENSED EARLY CHILDHOOD CENTER WITH THE CAPACITY TO SERVE UP TO 200 CHILDREN FROM BIRTH TO AGE FIVE AND THEIR FAMILIES IN CENTER- AND HOME-BASED PROGRAMS. GRACED BY FLOOR TO CEILING WINDOWS, ABUNDANT LIGHT AND INDOOR AND OUTDOOR PLAY SPACE, THE EARLY CHILDHOOD CENTER IS LOCATED AT GROUND LEVEL AND ADJACENT TO THE SUGAR HILL PROJECTS CULTURAL CAPSTONE, THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING.THE INCLUSION OF A CULTURAL INSTITUTION AT SUGAR HILL IS A NATURAL EXTENSION OF OUR SERVICE MODEL WHICH ENGAGES FAMILIES AND CHILDREN IN CREATING VIBRANT COMMUNITIES. THE MUSEUM OFFERS 17,000 SQUARE FEET OF EXHIBITION, ART MAKING AND GATHERING SPACE AND SERVES A BROAD AUDIENCE OF BUILDING RESIDENTS, COMMUNITY MEMBERS, SCHOOL GROUPS AND EDUCATORS AND VISITORS FROM NEAR AND FAR. 2395389 0 0 SEE SCHEDULE OSINCE 2003, BHC HAS PROVIDED HIGH QUALITY ARTS-INFUSED EARLY CHILDHOOD EDUCATION PROGRAMS FOR RESIDENT AND NEIGHBORHOOD CHILDREN. TOGETHER, BHC'S TWO EARLY CHILDHOOD CENTERS HAVE THE CAPACITY TO SERVE OVER 250 CHILDREN FROM BIRTH TO AGE FIVE AND THEIR FAMILIES. INVESTMENT IN EARLY CHILDHOOD EDUCATION IS WIDELY ACKNOWLEDGED TO BE CRITICAL TO THE HEALTH OF OUR ECONOMY AND THE WELLBEING OF OUR CHILDREN, YET NEW YORK STATE HAS FALLEN TO 24TH NATIONALLY FOR STATE FUNDING PER CHILD.THE IMPACT OF THAT NEGLECT FALLS MOST HARSHLY ON THE YOUNGEST IN POOR AND NEW IMMIGRANT COMMUNITIES. RECENT RESEARCH HAS FOUND THAT PARTICIPATION IN HIGH QUALITY EARLY EDUCATION PROGRAMS BOOSTS THE PERFORMANCE OF THE MOST DISADVANTAGED CHILDREN AND CONTRIBUTES TO A 20-50% REDUCTION IN INCOME-RELATED SCHOOL READINESS GAPS BHC HAS LONG RECOGNIZED THE VITAL ROLE OF HIGH QUALITY EARLY EDUCATION TO SUPPORT POSITIVE OUTCOMES FOR UNDERSERVED CHILDREN AND THEIR FAMILIES, INCLUDING THE FORMERLY HOMELESS, THOSE LIVING NEAR OR BELOW THE FEDERAL POVERTY LINE AND NEW IMMIGRANTS WITH LIMITED OR NO ENGLISH LANGUAGE SKILLS.BHC'S DOROTHY DAY EARLY CHILDHOOD CENTER AND SUGAR HILL MUSEUM PRESCHOOL OFFER FULL DAY CENTERBASED PRESCHOOL PROGRAMS AND HOME-VISITING PROGRAMS FOR INFANTS AND TODDLERS THAT PROMOTE SCHOOL READINESS, PHYSICAL HEALTH, SOCIAL-EMOTIONAL AND COGNITIVE DEVELOPMENT, AND FAMILY ENGAGEMENT.CRITICAL SERVICES AT BOTH CENTERS INCLUDE INTENSIVE PARENTING EDUCATION PROGRAMS THAT PROVIDE THE FRAMEWORK AND TOOLS FOR PARENTS TO SUPPORT THE DEVELOPMENT OF THEIR CHILDREN'S ORAL AND LITERACY SKILLS, ENRICHMENT OPPORTUNITIES BOTH INSIDE AND OUTSIDE THE CLASSROOM THAT PROVIDE CULTURALLY-COMPETENT EARLY LITERACY INTERVENTION TO REDUCE OR ELIMINATE THE ENORMOUS WORD GAP BETWEEN LOW-INCOME AND MORE AFFLUENT CHILDREN, IDENTIFICATION OF SPECIAL NEEDS, MEDICAL ASSESSMENTS AND COORDINATED MEDICAL SERVICES, MENTAL HEALTH ASSESSMENTS AND SUPPORT FOR PARENTS AND CHILDREN, AND ONGOING SCHOOL PLACEMENT SUPPORT. 426335 0 0 SEE SCHEDULE OBHC MAINTAINS A ROBUST SCHEDULE OF ARTS AND CULTURAL PROGRAMING THROUGH ITS THREE COMMUNITY ART GALLERIES, TWO ARTS-BASED EARLY CHILDHOOD EDUCATION CENTERS, AND THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING ("SHCMAS"). THE RIO PENTHOUSE, RIO II, AND RIO III GALLERIES SERVE THE RESIDENTS OF UPPER MANHATTAN THROUGH MONTHLY GALLERY EXHIBITIONS SHOWCASING THE WORK OF LOCAL ARTISTS, AS WELL AS RELATED ARTIST TALKS, POETRY READINGS, LITERARY EVENTS, AND A VARIETY OF COMMUNITY MEETINGS AND EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR.THE DOROTHY DAY EARLY CHILDHOOD EDUCATION CENTER AND SUGAR HILL MUSEUM PRESCHOOL PROVIDE ACCESS TO A HIGH-QUALITY ARTS-BASED, LITERACY-RICH EARLY CHILDHOOD PROGRAMS AND SERVICES FOR LOCAL CHILDREN, AGES 05, AND THEIR FAMILIES. SHCMAS ACTIVELY ADDRESSES THE COGNITIVE DEVELOPMENT OF 3- TO 8-YEAR-OLD CHILDREN RECOGNIZED BY EDUCATORS AS BEING THE MOST RECEPTIVE AGE RANGE FOR LEARNING THROUGH THE ARTS, THROUGH REGULAR EXHIBITIONS OF ARTWORK BY CONTEMPORARY ARTISTS AND EDUCATIONAL AND COMMUNITY PROGRAMS FOR ALL AGES. 5621370 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 33 0 1 139 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NY X DAVID NATHANSON CFO 2125682030 583 RIVERSIDE DRIVE NEW YORK NY 10031 ELLEN BAXTER EXCECUTIVE DIRECTOR 25.00 15.00 X X 191033 0 19097 ALAN WEIL CHAIRMAN 2.00 6.00 X X 0 0 0 SUSAN MACKENZIE VICE CHAIR 2.00 6.00 X X 0 0 0 NEIL BHARGAVA SECRETARY (AS OF 05/2021) 2.00 2.00 X X 0 0 0 VALERIE CAMPBELL SECRETARY 2.00 0.00 X X 0 0 0 FR JOHN MCVAIN DIRECTOR/EMERITUS (NON-VOTING) 2.00 0.00 X 0 0 0 CARLTON BROWN DIRECTOR 2.00 0.00 X 0 0 0 SADDIE SMITH DIRECTOR 2.00 0.00 X 0 0 0 SHERI SANDLER DIRECTOR 2.00 2.00 X 0 0 0 ROMAN JACKSON DIRECTOR 2.00 0.00 X 0 0 0 TREVOR ADLER DIRECTOR 2.00 0.00 X 0 0 0 PATTI LIEBERMAN DIRECTOR (AS OF 05/2021) 2.00 2.00 X 0 0 0 WENDY CROMWELL DIRECTOR (AS OF 05/2021) 2.00 2.00 X 0 0 0 CORBY WELCH DIRECTOR (AS OF 05/2021) 2.00 0.00 X 0 0 0 RICH MERSERAU DIRECTOR 2.00 0.00 X 0 0 0 FR JOHN FELICE DIRECTOR/EMERITUS (NON-VOTING) 2.00 4.00 X 0 0 0 KRISTEN CHARD DIRECTOR (AS OF 05/2021) 2.00 2.00 X 0 0 0 THOMAS KEARNS ESQ DIRECTOR (AS OF 05/2021) 2.00 0.00 X 0 0 0 FEMI KUSIMO DIRECTOR (AS OF 05/2021) 2.00 2.00 X 0 0 0 PRINCESS V LYLES DIRECTOR (AS OF 05/2021) 2.00 2.00 X 0 0 0 STEVE SEIDEL DIRECTOR (AS OF 05/2021) 2.00 2.00 X 0 0 0 MIRIAM RACCAH DIRECTOR (AS OF 05/2021) 2.00 0.00 X 0 0 0 DAVID NATHANSON CHIEF FINANCIAL OFFICER 25.00 15.00 X 166611 0 30902 TAYLOR MORLEY CHIEF OPERATING OFF (AS OF 01/2021) 25.00 15.00 X 125241 0 12658 CHARLENE MELVILLE ASSOCIATE EXCECUTIVE DIRECTOR 40.00 0.00 X 191510 0 19203 JANET MCCREATH DIRECTOR OF FINANCE 35.00 0.00 X 127723 0 29718 JAEL SANCHEZ DIRECTOR OF HOUSING 35.00 0.00 X 107466 0 16971 909584 0 128549 6 0 1 0 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 10017 ACCOUNTING SERVICES 125487 1 590260 5465964 1501496 7557720 MANAGEMENT FEES 531310 1986002 1986002 1986002 259021 259021 50089 0 50089 50089 50089 MISCELLANEOUS REVENUE 900099 7057 7057 7057 9859889 1986002 0 316167 756254 604780 105877 45597 3478357 2781658 486976 209723 866329 692807 121288 52234 368928 295033 51651 22244 9921 9921 125487 125487 72000 72000 299754 278739 21015 356996 331967 25029 56870 35201 7962 13707 67067 67067 192841 181389 11452 FOOD AND ENTERTAINMENT 117351 109224 1051 7076 REPAIRS AND MAINTENANCE 116808 108791 974 7043 PAYROLL PROCESSING FEES 26149 20911 3661 1577 RECRUITMENT EXPENSE 15717 12570 2200 947 102479 96300 6179 7029308 5621370 984115 423823 1109490 439197 785807 819239 840323 1228257 672561 1109437 5675689 5975689 33466 969841 1378340 875250 570157 503090 620322 1635694 2342090 11323187 14007162 821564 551778 1254612 4136488 2980930 4958052 4787320 X 6365135 9219842 6365135 9219842 11323187 14007162 2830581 24126 0 X 0 1 X 1 1 1 X 6225626 3718127 5240145 4899952 7557720 27641570 6225626 3718127 5240145 4899952 7557720 27641570 27641570 654419 970902 987875 218092 309110 3140398 121278 381095 109401 3212 7057 622043 31404011 11343087 0.88020 0.86800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT INCOME - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 327,012. 2019 AMOUNT: $ 59,500. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. MISCELLANEOUS INCOME - 2017 AMOUNT: $ 121,278. 2018 AMOUNT: $ 54,083. 2019 AMOUNT: $ 49,901. 2020 AMOUNT: $ 3,212. 2021 AMOUNT: $ 7,057. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 72000 72000 0 PART II-B, LINE 1: BROADWAY HOUSING COMMUNITIES, INC ("BHC") HAS RETAINED THE SERVICES OF A COMPANY TO PROVIDE GENERAL PUBLIC RELATION SERVICES, LEGISLATIVE AND STRATEGIC COUNSEL TO ASSIST BHC IN SECURING SUPPORT AND FUNDS FOR ITS PROGRAMS IN UPPER MANHATTAN BENEFITTING A LARGELY MINORITY COMMUNITY, BEFORE THE NEW YORK STATE LEGISLATURE, THE EXECUTIVE BRANCH AND THE NEW YORK CITY COUNCIL. 1192836 719577 473259 185504 155673 29831 503090 MORTGAGES INTEREST RECEIVABLE 1618452 DUE FROM AFFILIATES 723638 2342090 REFUNDABLE ADVANCES 2980930 2980930 X PART X, LINE 2: ASC 740 FOOTNOTE BHC (AND ITS CONSOLIDATED SUBSIDIARIES) FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. BHC (AND EACH OF ITS SUBSIDIARIES) HAVE BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501 (C)(3) AND 501 (C)(4) OF THE INTERNAL REVENUE CODE. BHC HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF EACH ENTITY'S TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. BHC HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, BHC HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. X X 0 0 0 0 0 0 0 0 0 CHARLENE MELVILLE ASSOCIATE EXCECUTIVE DIRECTOR 191510 0 0 0 0 0 7123 0 12080 0 210713 0 0 0 ELLEN BAXTER EXCECUTIVE DIRECTOR 191033 0 0 0 0 0 7247 0 11850 0 210130 0 0 0 DAVID NATHANSON CHIEF FINANCIAL OFFICER 166611 0 0 0 0 0 6564 0 24338 0 197513 0 0 0 JANET MCCREATH DIRECTOR OF FINANCE 127723 0 0 0 0 0 5188 0 24530 0 157441 0 0 0 GENERAL IMPACT OF COVID-19 ON THE ORGANIZATION THE COVID-19 PANDEMIC CONTINUES TO HAVE A BROAD AND PROFOUND IMPACT ON COMMERCE AND FINANCIAL MARKETS AROUND THE WORLD. THE EXTENT OF THE IMPACT OF COVID-19 ON THE ORGANIZATION'S OPERATIONAL AND FINANCIAL PERFORMANCE WILL DEPEND ON CERTAIN DEVELOPMENTS, INCLUDING THE DURATION AND SPREAD OF THE OUTBREAK AND ITS IMPACT ON OUR INVESTMENT PORTFOLIO, GRANTEES, EMPLOYEES, AND VENDORS, ALL OF WHICH AT PRESENT, CANNOT BE DETERMINED. ACCORDINGLY, THE EXTENT TO WHICH COVID-19 MAY IMPACT THE ORGANIZATION'S FINANCIAL POSITION AND CHANGES IN NET ASSETS AND CASH FLOWS IS UNCERTAIN AND THE ACCOMPANYING FINANCIAL STATEMENTS INCLUDE NO ADJUSTMENTS RELATING TO THE EFFECTS OF THIS PANDEMIC. TO HELP SUSTAIN ITSELF DURING THE ECONOMIC DISRUPTION WROUGHT BY THE PANDEMIC, THE ORGANIZATION SOUGHT ECONOMIC ASSISTANCE FROM THE GOVERNMENT. THE PAYCHECK PROTECTION PROGRAM ESTABLISHED BY THE CARES ACT PROVIDES SMALL BUSINESSES WITH FUNDS TO PAY UP TO 24 WEEKS OF CERTAIN NECESSARY EXPENDITURES, INCLUDING PAYROLL COSTS, RENT, AND UTILITIES. BHC APPLIED FOR THE SBA'S PPP AND WAS GRANTED APPROVAL AND RECEIVED LOAN PROCEEDS TOTALING $2,108,008. BHC ACCOUNTED FOR THE LOAN MONIES RECEIVED AS A LOAN PAYABLE UNTIL SUCH TIME THE CONDITIONS FOR RECOGNITION AS REVENUE WAS SATISFIED. BHC APPLIED FOR LOAN FORGIVENESS IN APRIL OF 2021 AND NOVEMBER OF 2021 AND WAS GRANTED FULL FORGIVENESS. THE FULL AMOUNT OF THE LOANS IS REPORTED AS A GOVERNMENT GRANT ON PART VIII ON THE FORM 990. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES IN EITHER PAPER OR ELECTRONIC FORM FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD REVIEWS THE COMPENSATION OF ITS EXECUTIVE DIRECTOR AND OTHER KEY PERSONNEL BASED ON ANALYZING CURRENT MARKET TRENDS AND REVIEW OF COMPARABLE LEVEL COMPENSATION AND BOARD LEVEL REVIEW OF EMPLOYEE'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 BHC MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS; IT IS, LIKEWISE, PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC AT MANAGEMENT'S DISCRETION. BROADWAY HOUSING COMMUNITIES FOUNDATION 583 RIVERSIDE DRIVE NEW YORK NY 10031 460730038 SUPPORT ORGANIZATION DE 501(C)(3) LINE 12A, I BHC 1 BROADWAY HOUSING DEVELOPMENT FUND CO 583 RIVERSIDE DRIVE NEW YORK NY 10031 222917994 LOW INCOME HOUSING NY 501(C)(3) LINE 10 BHC 1 BROADWAY RIO HOUSING DEVELOPMENT FUND CO 583 RIVERSIDE DRIVE NEW YORK NY 10031 452155957 LOW INCOME HOUSING NY 501(C)(4) BHC 1 BROADWAY SUGAR HILL HOUSING DEV FUND CO 583 RIVERSIDE DRIVE NEW YORK NY 10031 451336601 DEVELOPMENT NY 501(C)(4) BHC 1 SUGAR HILL NEW MARKET TAX CREDIT INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111306 DEVELOPMENT NY 501(C)(4) BHC 1 BROADWAY HOUSING SUGAR HILL LESSEE INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111161 DEVELOPMENT NY 501(C)(2) BHC 1 SUGAR HILL CHILDREN'S MUSEUM OF ART & ST 583 RIVERSIDE DRIVE NEW YORK NY 10031 465412811 MUSEUM NY 501(C)(3) LINE 7 BHC 1 DOROTHY DAY HOUSING DEVELOPMENT FUND COMPANY INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 852402420 LOW INCOME HOUSING NY 501(C)(4) BHC 1 BROADWAY SUGAR HILL HOUSING LP 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111590 LOW INC HOUSING NY N/A N/A 1436181 1769114 0 0 0.00010 583 RIVERSIDE DRIVE LP 583 RIVERSIDE DRIVE NEW YORK NY 10031 522325077 LOW INC HOUSING NY N/A N/A 766330 9821995 0 0 0.00010 SUGAR HILL LEVERAGE LLC 583 RIVERSIDE DRIVE NEW YORK NY 10031 800779197 REAL ESTATE NY N/A N/A 0 0 0.00010 583 RIVERSIDE DEVELOPMENT INC 10 FT WASHINGTON AVENUE NEW YORK NY 10032 522325076 RENTAL HOUSING NY N/A C 1.00000 0 SUGAR HILL HOUSING INC 583 RIVERSIDE DRIVE NEW YORK NY 10031 275111474 REAL ESTATE NY N/A C -195 1.00000 0 WEST 77TH STREET INC 129 FULTON STREET NEW YORK NY 10038 134186692 LOW INCOME HOUSING NY N/A C 1.00000 0 0 1 1 1 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 BROADWAY SUGAR HILL HOUSING LP K 119910 FMV BROADWAY SUGAR HILL HOUSING LP N 119910 FMV BROADWAY SUGAR HILL HOUSING LP O 235426 FMV SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING J 352520 COST SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING L 154992 COST SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING Q 424834 COST BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC D 3916966 FMV BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC L 630499 FMV BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC Q 177723 FMV BROADWAY HOUSING COMMUNITIES FOUNDATION C 590260 FMV PART III AND IV: BROADWAY HOUSING COMMUNITIES INC. ORGANIZED SUGAR HILL HOUSING INC TO DEVELOP AND FINANCE ITS SUGAR HILL PROJECT LOCATED AT 898 ST. NICHOLAS AVENUE. SUGAR HILL HOUSING, INC. IS THE GENERAL PARTNER (AND .01% OWNER) IN BROADWAY SUGAR HILL HOUSING, LP. THE SUGAR HILL PROJECT IS A MULTI-USE BUILDING CONSISTING OF 124 AFFORDABLE STUDIO, ONE, TOW AND THREE BEDROOM APARTMENTS, AN EARLY CHILDHOOD CENTER, RENTAL SPACE, UNDERGROUND PARKING, AND THE SUGAR HILL CHILDREN'S MUSEUM OF ART & STORYTELLING. IN ADDITION BROADWAY HOUSING COMMUNITIES OWNS 100% OF 583 RIVERSIDE DEVELOPMENT, INC. VIA ITS RELATED TAX-EXEMPT AFFILIATE, BROADWAY HOUSING DEVELOPMENT FUND CORPORATION. 583 RIVERSIDE DEVELOPMENT INC. IS THE GENERAL PARTNER (AND .01% OWNER) IN 583 RIVERSIDE DRIVE LP. THIS LIMITED PARTNERSHIP WAS FORMED TO ACQUIRE, REHABILITATE AND OPERATE A 70-UNIT LOW INCOME RENTAL APARTMENT BUILDING TO MEET THE DEMAND FOR AFFORDABLE HOUSING IN NEW YORK CITY.