SC 13G/A 1 dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 4 Schedule 13G Amendment No. 4

OMB Number:



   February 28, 2009

Estimated average burden

hours per response . . . 10.4





Washington, D.C. 20549




Under the Securities Exchange Act of 1934

(Amendment No. 4)*



Broadway Financial Corporation


(Name of Issuer)

Common Stock, par value $0.01 per share


(Title of Class of Securities)




                                (CUSIP Number)                                

Purchases from February 26, 2008 through March 14, 2008


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)


*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

CUSIP No. 111444105    



Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

                Elrick M. Williams    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions)  
  (a)  ¨  
    (b)  ¨    

SEC Use Only


  4.   Citizenship or Place of Organization  

Number of


Beneficially by

Owned by





    5.    Sole Voting Power
    6.    Shared Voting Power
    7.    Sole Dispositive Power
    8.    Shared Dispositive Power

Aggregate Amount Beneficially Owned by Each Reporting Person



Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)


11.   Percent of Class Represented by Amount in Row (9)  
12.   Type of Reporting Person (See Instructions)  

Item 1.  


   Name of Issuer      
     Broadway Financial Corporation      


   Address of Issuer’s Principal Executive Offices      
     4800 Wilshire Boulevard, Los Angeles, California 90010      
Item 2.  


   Name of Person Filing:      
     Elrick M. Williams      


   Address of Principal Business Office or, if none, Residence:      
     One Financial Place, 440 South LaSalle Street, Suite 1211, Chicago, IL 60605      


   Title of Class of Securities      
     Common Stock, par value $0.01 per share (including attached preferred share purchase rights)      


   CUSIP Number      
Item 3.   If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:   
  (a)    ¨    Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
  (b)    ¨    Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c)    ¨    Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d)    ¨    Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e)    ¨    An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
  (f)    ¨    An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);
  (g)    ¨    A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);
  (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)    ¨    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)    ¨    Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

Item 4.    Ownership.      
   (a)    Amount beneficially owned: 169,290      
   (b)    Percent of class: 9.62%      
   (c)    Number of shares as to which the person has:      
      (i)    Sole power to vote or to direct the vote 0      
      (ii)    Shared power to vote or to direct the vote 169,290      
      (iii)    Sole power to dispose or to direct the disposition of 0      
      (iv)    Shared power to dispose or to direct the disposition of 169,290      
Item 5.    Ownership of Five Percent or Less of a Class   
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.      
   Mr. Williams is a majority owner of Williams Group Holdings LLC (“WGH”), which, in turn, owns 169,290 shares of the Common Stock that is the subject of this filing. WGH has the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, such Common Stock.      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
Item 8.    Identification and Classification of Members of the Group      
Item 9.    Notice of Dissolution of Group      
Item 10.    Certification      
   By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.      


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: April 11, 2008


/s/ Elrick M. Williams

Elrick M. Williams

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)