Business Context and Reporting Period
Company: Broadway Financial Corporation (Parent of Broadway Federal Bank, f.s.b.)
Filing Type: Form 8-K (Current Report)
Date of Report: September 18, 2014 (Event Date)
Reporting Date: September 22, 2014
Key Financial Metrics
This filing does not report standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses on a specific non-operational event.
- Bank Enterprise Award (BEA): $355,000
- Award Source: U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund)
- Program: Fiscal Year 2014 BEA Program
Material Changes
The filing discloses the receipt of a $355,000 Bank Enterprise Award. This represents a grant for community development activities rather than a change in operating revenue or earnings. No material changes to financial position or operations are detailed in this specific report.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. The document serves solely to announce the award receipt.
Investor Verification Checklist
- Verify the specific terms and usage restrictions of the $355,000 Bank Enterprise Award.
- Review the attached press release (Exhibit 99.1) for details on the community development projects funded by the award.
- Check subsequent quarterly reports (10-Q) to determine the accounting treatment and impact of the award on net income.