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Nonprofiteer
← BROADWAY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by BROADWAY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,466,876
Total expenses
$2,736,526
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,466,876
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,280,893
Total liabilities, end of year
$4,043,869
Net assets or fund balances, end of year
$1,237,024
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $2,466,876 · related or exempt $2,466,876

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $42,852

  • 11g · Fees: other

    total $100,751

  • 13 · Office expenses

    total $3,005

  • 16 · Occupancy

    total $457,796

  • 22 · Depreciation, depletion and amortization

    total $269,652

  • 24a · Other expenses: CAPITAL RESERVE

    total $1,258,698

  • 24b · Other expenses: REPAIRS/MAINTENANCE

    total $216,547

  • 24c · Other expenses: HOUSEKEEPING

    total $226,946

  • 24d · Other expenses: SECURITY

    total $117,672

  • 24e · All other expenses

    total $42,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,672,230 · end of year $3,932,601

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,704 · end of year $13,937

  • 10a · Land, buildings and equipment: cost or other basis

    $15,537,585

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,211,522

  • 10c · Land, buildings and equipment, net

    beginning of year $1,432,025 · end of year $1,326,063

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $8,822 · end of year $8,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $272,742 · end of year $434,586

  • 18 · Grants payable

    end of year $0

  • 19 · Deferred revenue

    end of year $0

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $2,349,365 · end of year $3,609,283

  • 27 · Net assets without donor restrictions

    beginning of year $1,506,674 · end of year $1,237,024

  • 28 · Net assets with donor restrictions

    end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

ORGANIZATION HOLDS TITLE TO PROPERTY AND REMITS NET INCOME TO ITS SHAREHOLDERS.

  • BROADWAY DEVELOPMENT CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME FROM THE PROPERTY (LESS EXPENSES) TO ITS SHAREHOLDERS, THE JOHNS HOPKINS UNIVERSITY (JHU) AND JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHS). JHU AND JHHS ARE IRC SECTION 501(C)(3) ORGANIZATIONS.

As filed on the 2022 return.

Listed in Part VII

  • Kevin Sowers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Francis Knott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnnie Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurent Heller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Macconnell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Jonas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Pinkard Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Bonanno

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nicole Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • JOHNS HOPKINS HEALTHCARE LLC

    MEDICAL SERVICES · MD

  • HOWARD COUNTY NEONATAL SERVICES LLC

    CLINICAL SERVICES · MD

  • JHMI UTILITIES LLC

    UTILITIES SERVICES TO MEMBERS · MD

  • JOHNS HOPKINS SURGERY CENTERS SERIES

    CLINICAL SERVICES · MD

  • 550 BROADWAY LIMITED PARTNERSHIP

    REAL ESTATE · MD

  • JOHNS HOPKINS MED INTL LLC

    INTERNATIONAL HEALTH CARE, EDUCATION · MD

  • JH BROADWAY ACQUIS & DEVELOP

    LAND HOLDING AND DEVELOPMENT · MD

  • JOHNS HOPKINS MEDICINE ALLIANCE FOR PATIENTS LLC

    MEDICAL SERVICES · MD

  • JH VENTURES LLC

    SERIES ACTIVITIES · DE

  • JOHNS HOPKINS HEALTH CARE AND SURGERY CENTER DEVELOPMENT LLC

    REAL ESTATE · MD

  • ASTHMA CENTER LP

    REAL ESTATE · MD

  • OPTHAMOLOGY ASSOCIATES LLC

    MEDICAL SERVICES · MD

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DOME CORPORATION

    C Corporation · REAL ESTATE · MD

  • 550 BROADWAY INC

    C Corporation · REAL ESTATE · MD

  • DOME MANAGEMENT SERVICES INC

    C Corporation · REAL ESTATE · MD

  • BROADWAY SERVICES INC

    C Corporation · REAL ESTATE SERVICES · MD

  • JH OUTPATIENT CENTER CONDOMINIUM INC

    C Corporation · CLINICAL SERVICES · MD

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202431299349303008

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