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

On September 26, 2012, the Board of Directors of Broadway Financial Corporation ("Company"), and its wholly owned subsidiary Broadway Federal Bank, f.s.b. ("Bank") (collectively referred to as the "Board") elected Mr. Virgil Roberts to serve as Chairman of the Company and the Bank. Mr. Roberts has served as Lead Director and Chairman of the Company's Nominating Committee. He has been the Managing Partner of Bobbitt & Roberts, a law firm representing clients in the entertainment industry, since 1996. He currently serves on the Board of Directors of Community Build, Inc., Claremont Graduate School, Families in Schools, the Alliance for College Ready Public Schools, Southern California Public Radio, the Alliance of Artists and Record Companies and the Bridgespan Group, a management and consulting firm for large philanthropy companies with offices in Boston, San Francisco and New York.

The Board also elected Mr. Wayne-Kent A. Bradshaw, age 65, the Company's Chief Executive Officer, to the Board of the Company and the Bank. Mr. Bradshaw was appointed President and Chief Executive Officer of the Company and the Bank, effective January 27, 2012. Mr. Bradshaw will serve on the Internal Asset Review and Loan Committees of the Bank.

Mr. Paul C. Hudson will continue to serve on the Board of the Company and the Bank and assume the responsibilities of Legal Counsel.