2025-05-15T19:35:41-04:00 2024-06-30 205855985 WATERS & COMPANY LLC 3311 CANDELARIA NE SUITE J ALBUQUERQUE NM 871071952 990 2023-07-01 311569129 BROADWAY APARTMENTS INC BROA 5052937553 PO BOX 51055 ALBQUERQUE NM 87181 JOHN BLOOMFIELD EXECUTIVE DIRECTOR 5052937553 2025-05-14 true true OLLIE D WATERS P00072561 5052600616 2025-05-15 2023 2025-03-06 01:10:19Z JOHN BLOOMFIELD PO BOX 51055 ALBUQUERQUE NM 87181 119863 false X WWW.NEWLIFEHOMESNM.COM X 1997 NM TO PROVIDE HOUSING FOR THE VERY LOW INCOME AND MENTALLY DISABLED. 5 5 0 0 0 105902 119856 313 7 0 106215 119863 0 0 23045 27818 0 0 95493 90677 118538 118495 -12323 1368 318777 310843 322973 313671 -4196 -2828 TO PROVIDE HOUSING FOR THE VERY LOW INCOME AND MENTALLY DISABLED. false false 85174 119856 BROADWAY APARTMENTS PROVIDES HOUSING FOR VERY LOW INCOME RESIDENTS WHO HAVE BEEN HOMELESS AND WHO HAVE A MENTAL ILLNESS. BROADWAY APARTMENTS HOUSES 19 RESIDENTS. 85174 true false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false X 5 5 false false false false false false false true true false false true true true true false false true false false NM X X ORGANIZATION 5052937553 PO BOX 51055 ALBUQUERQUE NM 87181 PAUL VAN GULICK PRESIDENT /T 0.20 1.00 X X 0 0 0 PATRICIA RAY SECRETARY 0.20 1.00 X X 0 0 0 CHANDRA DORAN DIRECTOR 0.20 1.00 X 0 0 0 WILL REARDON DIRECTOR 0.20 1.00 X 0 0 0 RUSSELL THOMPSON DIRECTOR 0.20 1.00 X 0 0 0 JOHN BLOOMFIELD EXECUTIVE DI 8.00 40.00 X 16425 0 0 16425 false false false RENTAL INCOME 531110 119856 119856 119856 7 7 119863 119863 16425 16425 9670 9670 1723 655 1068 213 213 7550 7550 194 194 55094 51335 3759 3178 3178 12989 12989 11325 10331 994 BANK CHARGES 84 84 REFERRAL FEE 50 50 118495 85174 33321 0 17891 17024 504 504 593255 342219 264025 251036 36357 42279 318777 310843 4072 3071 299830 288433 19071 22167 322973 313671 X -4196 -2828 -4196 -2828 318777 310843 1368 X false false false X 87383 95824 94305 105902 383414 119856 119856 87383 95824 94305 105902 119856 503270 2520 4420 6940 2520 4420 6940 496330 20 20 14 313 7 374 20 20 14 313 7 374 87403 95844 94319 106215 119863 503644 0.98550 0.97720 0.00000 0.01000 X 70669 70669 522586 342219 180367 251036 REPLACEMENT RESERVE ACCT 25767 TENANT SECURITY DEPOSITS 11270 ESCROW ACCT 5242 42279 CURRENT PORTION-NOTES PAYABLE 11397 TENANT SECURITY DEPOSITS 10770 22167 FORM 990, PAGE 6, PART VI, LINE 11B RESPONSIBILITY FOR THE REVIEW AND ACCEPTANCE OF THE FORM 990 IS ASSIGNED TO THE EXECUTIVE DIRECTOR. HE ENSURES THE ACCURACY OF INFORMATION PRIOR TO THE SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTOS INCLUDES A LEGAL PROFESSIONAL WHO RESPONSIBILITY IT IS TO MINDFUL OF ANY POTENTIAL CONFLICTS OF INTEREST. SHOULD A CONFLICT ARISE, THE PARTY WITH THE CONFLICTED INTEREST WOULD EITHER RESIGN OR BE RECUSED FROM DELIBERATIONS THAT AFFECT THE OUTCOME. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES THE INITIAL SALARY OF THE EXECUTIVE DIRECTOR. THE BOARD PRESIDENT WRITES AN ANNUAL APPRAISAL BASED ON KEY PERFORMANCE AREAS IN THE EXECUTIVE DIRECTOR'S JOB DESCRIPTION. IT IS CIRCULATED TO BOARD MEMBERS FOR COMMENT. SALARY IS DETERMINED BY THE BOARD BASED ON PERFORMANCE AND AFFORDABILITY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.