Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(c) Broadway Financial Corporation ("Company"), parent company of Broadway Federal Bank, f.s.b. ("Bank") announced in a press release dated February 3, 2009 that Mr. Wayne-Kent A. Bradshaw, age 62, has joined the Bank as President and Chief Operating Officer effective February 2, 2009. He will not have a fixed term of office and will serve at the pleasure of the board of directors. Prior to joining the Bank, Mr. Bradshaw served as the Regional President and National Manager for the Community and External Affairs activities for Washington Mutual. His prior experience included service as President and Chief Executive Officer of Family Savings Bank and Founders National Bank.

Mr. Bradshaw's annual base salary will be $195,000 and he will also be eligible for an annual bonus, which is targeted at 40% of his base salary. Mr. Bradshaw's compensation package includes a severance provision of 30 months compensation for termination other than for cause. Mr. Bradshaw will be eligible to participate in the employee benefit programs (including medical, dental and other insurance programs) generally available to all full-time employees.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release dated February 3, 2009, announcing the appointment of Mr. Wayne-Kent A. Bradshaw as President and Chief Operating Officer.

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