-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001001171-02-000033.txt : 20020827
<SEC-HEADER>0001001171-02-000033.hdr.sgml : 20020827
<ACCEPTANCE-DATETIME>20020827170500
ACCESSION NUMBER:		0001001171-02-000033
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020827
FILED AS OF DATE:		20020827

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADWAY FINANCIAL CORP \DE\
		CENTRAL INDEX KEY:			0001001171
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				954547287
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27464
		FILM NUMBER:		02749914

	BUSINESS ADDRESS:	
		STREET 1:		4800 WILSHIRE BLVD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90010
		BUSINESS PHONE:		2136341700

	MAIL ADDRESS:	
		STREET 1:		4800 WILSHIRE BLVD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90010
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			BROADWAY FINANCIAL CORP \DE\
	CENTRAL INDEX KEY:			0001001171
	STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
<RELATIONSHIP>OFFICER
	IRS NUMBER:				954547287
	STATE OF INCORPORATION:			DE
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		4800 WILSHIRE BLVD
	CITY:			LOS ANGELES
	STATE:			CA
	ZIP:			90010
	BUSINESS PHONE:		2136341700

MAIL ADDRESS:	
	STREET 1:		4800 WILSHIRE BLVD
	CITY:			LOS ANGELES
	STATE:			CA
	ZIP:			90010
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>hudsonform4aug2702.txt
<DESCRIPTION>STATEMENT OF BENEFICIAL OWNERSHIP
<TEXT>
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed  pursuant to Section  16(a) of the  Securities  Exchange  Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

- --------------------------------------------------------------------------------
1.   Name and Address of Reporting Person*

Hudson                              Paul                    C
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

901 Longwood
- --------------------------------------------------------------------------------
                                    (Street)

Los Angeles                       California            90010
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)


- --------------------------------------------------------------------------------
2.   Issuer Name and Ticker or Trading Symbol


Broadway Financial Corporation (BYFC)
- --------------------------------------------------------------------------------
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)


95-4547287
- --------------------------------------------------------------------------------
4.   Statement for Month/Year


08/30/2002
- --------------------------------------------------------------------------------
5.   If Amendment, Date of Original (Month/Year)


- --------------------------------------------------------------------------------
6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [_]  10% Owner
     [X]  Officer (give title below)           [_]  Other (specify below)

President/Chief Exexutive Officer
- --------------------------------------------------------------------------------
7.   Individual or Joint/Group Filing (Check applicable line)

     [X)  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
- --------------------------------------------------------------------------------

<PAGE>

================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                  6.
                                                   4.                              5.             Owner-
                                                   Securities Acquired (A) or      Amount of      ship
                                      3.           Disposed of (D)                 Securities     Form:     7.
                                      Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                        2.            Code         ------------------------------- Owned at End   (D) or    Indirect
1.                      Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security       Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)              (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
- ----------------------------------------------------------------------------------------------------------------------
<S>                     <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>

 Common Stock                                                                        5,332           D
- ----------------------------------------------------------------------------------------------------------------------
 Common Stock                                                                        9,279           D
- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>
*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Response)                      (Over)

<PAGE>


FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>  <C>  <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>

Stock Option       $13.35   07/25/02    A       2,971       07/25/03    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $13.35   07/25/02    A       2,972       07/25/04    07/25/12
- -----------------------------------------------------------------------------------------------------------------------------------
Stock Option       $13.35   07/25/02    A       2,972       07/25/05    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $13.35   07/25/02    A       2,972       07/25/06    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $13.35   07/25/02    A       2,972       07/25/07    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       0        07/25/02    A         244       07/25/03    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       0        07/25/02    A         245       07/25/04    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       0        07/25/02    A         245       07/25/05    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       0        07/25/02    A         245       07/25/06    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       0        07/25/02    A         245       07/25/07    07/25/12
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $8.68    11/15/02    A         565       11/15/02    11/15/10
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $8.68    11/15/02    A         565       11/15/03    11/15/10
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $8.68    11/15/02    A         565       11/15/04    11/15/10
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $8.68    11/15/02    A         565       11/15/05    11/15/10
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $8.68    11/15/02    A         564       11/15/01    11/15/10
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $11.00   09/17/97    A      14,283       09/17/01    09/17/07
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $11.00   09/17/97    A       3,571       09/17/02    09/17/07
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $11.00   09/17/97    A       3,570       09/17/01    09/17/07
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       $11.00   09/17/97    A         893       09/17/02    09/17/07
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option       0        09/17/97    A         456       09/17/02    09/17/07

==================================================================================================================================
</TABLE>
Explanation of Responses:


                                                              August 27, 2002
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date


**     Intentional  misstatements  or  omissions  of  facts  constitute  Federal
       Criminal Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.


                                     Page 2


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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