philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Broadwal INC FY2024 filing

Tax-deductible

Medford, MA501(c)(3)HousingEIN 04-3325492

The organization was formed to provide elderly, disabled and/or handicapped persons of low-income with housing facilities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $28K a year · 16% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$399K
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$186K
-3% vs prior year
Spent
$207K
To programs
87%
Net assets
$78K
By yearFY2020–FY2025
Revenue
$186K
FY2024▼ -3%
Revenue by fiscal year
FY2020$142K
FY2021$135K
FY2022$158K
FY2023$192K
FY2024$186K
FY2025$221K
Expenses
$207K
FY2024▼ -6%
Expenses by fiscal year
FY2020$147K
FY2021$162K
FY2022$212K
FY2023$222K
FY2024$207K
FY2025$248K
Net assets
$78K
FY2024▼ -22%
Net assets by fiscal year
FY2020$211K
FY2021$184K
FY2022$130K
FY2023$100K
FY2024$78K
FY2025$51K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $180K Management & general 13% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Lisa Stone
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Mahoney
Director
$0Pt VII · Sec A
John Wheeler
Former Director
$0Pt VII · Sec A
See Broadwal INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides low-income elderly and disabled people with housing.

Provided by the organization

This section is blank until Broadwal INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $180K of program spending, described in the organization's own filed words · FY2023.
01

The organization was formed to provide elderly, disabled AND/OR handicapped persons of low-income with housing facilities. The organization serves approximately 11 individuals.

$180Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$186K
Ln 12
Fees for servicesLn 2g$185K
Investment incomeLn 3$471
Money outPt IX
$207K
Ln 25
Programscol B$180K
Managementcol C$28K
Owns and owesPt X
$78K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$477K
LiabilitiesLn 26$399K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$185K
Investment incomeLn 3$471
Total revenueLn 12$186K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$404K
Other assetsLn 15$69K
Total assetsLn 16$477K
LiabilitiesLn 26$399K
Net assetsLn 32$78K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2K$2K
Land, buildings, equipmentLn 10c$428K$404K
Total assetsLn 16$520K$477K
LiabilitiesLn 26$420K$399K
Net assetsLn 32$100K$78K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$38K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$14K$14K
Accounting feesLn 11c$11K$11K
Office expensesLn 13$2K$1K$1K
OccupancyLn 16$85K$85K$317
Depreciation, depletion and amortizationLn 22$41K$41K
InsuranceLn 23$6K$5K$1K
Total functional expensesLn 25$207K$180K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $221K$248K−$27K$51K 990 PDF
FY2024 Viewing $186K$207K−$22K$78K 990 PDF
FY2023 $192K$222K−$30K$100K 990 PDF
FY2022 $158K$212K−$54K$130K 990 PDF
FY2021 $135K$162K−$27K$184K 990 PDF
FY2020 $142K$147K−$6K$211K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $185,519 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,048$185,048
VIII-3 Investment incomeExcluded from tax $471$471
VIII-12 Total revenueRelated to mission $185,048 · Unrelated business $0 · Excluded from tax $471$185,519
Part IX · Statement of functional expenses $207,415 across 9 lines filed
IX-7 Other salaries and wagesPrograms $37,751$37,751
IX-9 Other employee benefitsPrograms $5,347$5,347
IX-10 Payroll taxesPrograms $4,929$4,929
IX-11a Management feesManagement $13,926$13,926
IX-11c Accounting feesManagement $11,019$11,019
IX-13 Office expensesPrograms $1,052 · Management $1,200$2,252
IX-16 OccupancyPrograms $85,079 · Management $317$85,396
IX-22 Depreciation, depletion and amortizationPrograms $40,816$40,816
IX-23 InsurancePrograms $4,869 · Management $1,110$5,979
IX-25 Total functional expensesPrograms $179,843 · Management $27,572 · Fundraising $0$207,415
Part X · Balance sheet $477,158 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,296$2,429
X-4 Accounts receivableStart of year $28,523$1,839
X-9 Prepaid expenses and deferred chargesStart of year $144$152
X-10c Land, buildings and equipment, netStart of year $428,396$403,581
X-15 Other assetsStart of year $60,491$69,157
X-16 Total assetsStart of year $519,850$477,158
X-17 Accounts payable and accrued expensesStart of year $139,578$119,279
X-25 Other liabilitiesStart of year $2,597$2,100
X-26 Total liabilitiesStart of year $419,557$398,761
X-27 Net assets without donor restrictionsStart of year −$144,497−$148,908
X-28 Net assets with donor restrictionsStart of year $244,790$227,305
X-32 Total net assets or fund balancesStart of year $100,293$78,397
X-33 Total liabilities and net assetsStart of year $519,850$477,158
Part XI · Reconciliation of net assets $78,397 net assets at year end
XI-1 Total revenue$185,519
XI-2 Total expenses$207,415
XI-3 Revenue less expenses−$21,896
XI-4 Net assets at start of year$100,293
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$78,397

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.