DAVID J. MCGRADY - Corporate Board Profile

BROADWAY FINANCIAL CORP \DE\

Filing Date	Source Excerpt
2021-09-09	David J. McGrady is a consultant specializing in community development issues and is a nationally recognized expert on the New Markets Tax Credit program. He has been a key advisor on 31 successful New Markets Tax Credit applications, with allocations totaling more than $1.7 billion, and has assisted those recipients in developing and implementing capitalization and deployment plans in their respective markets. He also advises banks, investors, foundations, municipalities and Community Development Financial Institutions, or CDFIs, on a range of issues, including corporate structure and governance, capitalization, market and risk assessment, product development, underwriting investments, portfolio management and tax credit programs. Mr. McGrady was Director of Commercial Programs for the Center for Community Self-Help in Durham, North Carolina. Under his leadership, the Center for Community Self-Help originated over 1,300 higher risk business loans totaling more than $80 million. He is also a director of City First Enterprises, which is a bank holding company of our Company, chair of City First Enterprises’ Directors Loan Committee and a member of Calvert Impact Capital’s Investment Committee. Mr. McGrady received his bachelor’s degree from King’s College and law degree from Harvard. Prior to the completion of the Merger with CFBanc, Mr. McGrady was designated by CFBanc, and subsequently appointed by the Company, to serve as a director in the combined Company. The Compensation and Benefits Committee consists of Mr. Davidson (Chair), Mr. Ross, Mr. McGrady, and Dr. Longbrake. ... The Loan Committee consists of Mr. McGrady (Chair), Ms. Donovan, Mr. Bradshaw, and Mr. Ross.
2022-09-09	Director Compensation Table Name: David J. McGrady Fees Earned or Paid in Cash: $34,925 Stock Awards: $0 All Other Compensation: $1,000 Total: $35,925 Compensation and Benefits Committee consists of Mr. Davidson (Chair), Mr. Ross, Mr. McGrady, and Dr. Longbrake. The Loan Committee consists of Mr. McGrady (Chair), Ms. Donovan, Mr. Bradshaw, and Mr. Ross.
2023-05-01	The Compensation and Benefits Committee consists of Mr. Davidson (Chair), Mr. Ross, Mr. McGrady, and Dr. Longbrake. The Directors Loan Committee consists of Mr. McGrady (Chair), Mr. Bradshaw, Ms. Donovan, and Mr. Ross. The following table summarizes the compensation paid to non-employee directors for the year ended December 31, 2022. David J. McGrady: $56,000 fees earned or paid in cash, $12,000 stock awards, total $68,000.
2024-06-06	David J. McGrady is a consultant specializing in community development issues and is a nationally recognized expert on the New Markets Tax Credit program. He has been a key advisor on more than 30 successful New Markets Tax Credit applications, with allocations totaling more than $1.7 billion, and has assisted those recipients in developing and implementing capitalization and deployment plans in their respective markets. He also advises banks, investors, foundations, municipalities and CDFIs, on a range of issues, including corporate structure and governance, capitalization, market and risk assessment, product development, underwriting loans and investments, portfolio management, and tax credit programs. Mr. McGrady was Director of Commercial Programs for the Center for Community Self-Help in Durham, North Carolina. Under his leadership, the Center for Community Self-Help originated over 1,300 higher risk business loans totaling more than $80 million. He is also a director of City First Enterprises, which is the bank holding company of the Company, chair of City First Enterprises’ Directors Loan Committee and a member of Calvert Impact Capital’s Investment Committee. Mr. McGrady received his bachelor’s degree from King University and law degree from Harvard University. Prior to the completion of the Merger, Mr. McGrady, served as a Director on the Board of CFBanc since 1998, and was appointed to be a director of the Company upon completion of the Merger. Effective January 1, 2022, the non-employee directors of the Company are entitled to a quarterly fee of $12,500 ("Board Service Retainer"). In addition, outside directors who serve as Chair of one or more committees receive an additional quarterly fee of $1,500 ("Committee Chair Service Retainer"). Members of the Board do not receive separate compensation for their service on the board of directors of the Bank. The following table summarizes the compensation paid to non-employee directors for the year ended December 31, 2023. David J. McGrady: Fees Earned or Paid in Cash $56,000, Stock Awards $12,000, Total $68,000.