BROADWAY FINANCIAL CORP \DE\
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Item 2. Properties
| ITEM 2. | PROPERTIES |
|---|
We conduct our business through two administrative offices, one in Washington, D.C. and one in Los Angeles, California. We have three branch offices, one in Washington, D.C., one in Los Angeles, California, and one in Inglewood, California. Our loan service operation is also conducted from our Inglewood, California branch. There are no mortgages, material liens or encumbrances against any of our owned properties. We believe that all the properties are adequately covered by insurance, and that our facilities are adequate to meet our present needs.
| Location | Leased or Owned | Original Date Leased or Acquired | Date of Lease Expiration |
|---|---|---|---|
| East Coast Administrative Offices & Branch | Owned | 2003 | – |
| 1432 U Street NW | |||
| Washington, D.C. 20009 | |||
| Employee Parking Lot | Owned | 2018 | – |
| 14 T Street NW | |||
| Washington, D.C. 20009 | |||
| West Coast Administrative Offices/Loan Origination Center | Leased | 2021 | Oct. 2026 |
| Los Angeles, CA 90010 | |||
| Branch Office/Loan Service Center | Owned | 1996 | – |
| 170 N. Market Street | |||
| Inglewood, CA 90301 | |||
| Exposition Park Branch Office | Owned | 1996 | – |
| 4001 South Figueroa Street | |||
| Los Angeles, CA 90037 | |||
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