UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                  FORM 10-KSB/A
                                (Amendment No. 1)



   [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
       OF 1934

          For the fiscal year ended December 31, 2001

     [    ]  TRANSITION  REPORT  UNDER  SECTION  13 OR 15(d)  OF THE  SECURITIES
          EXCHANGE ACT OF 1934

               For the transition period from ________ to ________

                         BROADWAY FINANCIAL CORPORATION
                 (Name of Small Business Issuer in its Charter)

                     Delaware                                95-4547287
         (State or other jurisdiction of                  (I.R.S. Employer
          Incorporation or organization)                 Identification No.)

             4800 Wilshire Boulevard, Los Angeles, California 90010
               (Address of principal executive offices) (Zip Code)

                                 (323) 634-1700
                (Issuer's Telephone Number, Including Area Code)

       Securities registered under Section 12(b) of the Exchange Act: None

         Securities registered under Section 12(g) of the Exchange Act:

                     Common Stock, $0.01 par value per share
                                (Title of Class)

     Check  whether  the issuer:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing  requirements for the past 90 days. Yes [X] No [
]

     Check if there is no disclosure  of  delinquent  filers in response to Item
405 of Regulation S-B is not contained in this form,  and no disclosure  will be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB [ ].

     State issuer's revenues for its most recent fiscal year: $13,821,000.

     State the aggregate market value of the voting and non-voting common equity
held by non-affiliates:  $11,609,000,  based on the average bid and asked prices
of such  common  equity as of February  28,  2002 as quoted on The Nasdaq  Stock
Market.

     State the number of shares  outstanding of each of the issuer's  classes of
common equity, as of the latest practicable date: 910,538 shares of Common Stock
at February 28, 2002.

                       DOCUMENTS INCORPORATED BY REFERENCE

     Portions of the definitive Proxy Statement for the Registrant's 2002 Annual
Meeting of Shareholders are incorporated by reference into Part III.

     Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]





Item 13. Exhibits, Lists and Reports on Form 8-K

    (a) Exhibits

    Exhibit
    Number



  
     2.1  Plan of Conversion (including  Certificate of Incorporation and Bylaws
          of the  Company  and  Federal  Stock  Charter  and Bylaws of  Broadway
          Federal)  (Exhibit 2.1 to  Amendment  No. 2 to  Registration  S-1, No.
          33-96814, filed by Registrant on November 13, 1995)

     3.1  Form of Certificate of Incorporation of Broadway Financial Corporation
          (contained  in Exhibit  2.1) 3.2 Form of Bylaws of Broadway  Financial
          Corporation  (contained  in  Exhibit  2.1)  4.1 Form of  Common  Stock
          Certificate  (Exhibit 4.1 to  Registration  Statement on Form S-1, No.
          33-96814, filed by the Registrant on September 12, 1995)

     4.2  Form of Series A Preferred Stock Certificate (Exhibit 4.2 to Amendment
          No. 1 to Registration  Statement on Form S-1, No.  33-96814,  filed by
          the Registrant on November 6, 1995)

     4.3  Form of Certificate of  Designation  for the Series A Preferred  Stock
          (contained  in  Exhibit C to the Plan of  Conversion  in  Exhibit  2.1
          hereto)

     10.1 Form of Broadway  Federal Bank Employee Stock  Ownership Plan (Exhibit
          4.1 to Registration Statement on Form S-1, No. 33-96814,  filed by the
          Registrant on September 12, 1995)

     10.2 Form of ESOP  Loan  Commitment  Letter  and  ESOP  Loan  and  Security
          Agreement  (Exhibit  4.1 to  Registration  Statement  on Form S-1, No.
          33-96814, filed by the Registrant on September 12, 1995)

     10.3 Form of Severance  Agreement  among  Broadway  Financial  Corporation,
          Broadway  Federal  and certain  executive  officers  (Exhibit  10.7 to
          Amendment No. 2 to Registration  Statement on Form S-1, No.  33-96814,
          filed by the Registrant on November 13, 1995)

     10.4 Broadway  Financial  Corporation  Recognition  and Retention  Plan for
          Outside  Directors dated August 1, 1997, filed as Exhibit 10.4 to Form
          10-KSB for the fiscal year ended December 31, 1997 and incorporated by
          reference.

     10.5 Broadway Financial Corporation Performance Equity Program for Officers
          and  Directors  dated  August 1, 1997,  filed as Exhibit  10.5 to Form
          10-KSB for the fiscal year ended December 31, 1997 and incorporated by
          reference.

     10.6 Broadway Financial Corporation Stock Option Plan for Outside Directors
          (filed by Registrant as part of Form S-8, No.  333-17331,  on December
          5, 1996)

     10.7 Broadway  Financial  Corporation  Long Term  Incentive  Plan (filed by
          Registrant as part of Form S-8, No. 333-17331, on December 5, 1996)

     21.1 Subsidiaries  of  Broadway  Financial  Corporation  (Exhibit  21.1  to
          Amendment No. 1 to Registration  Statement on Form S-1, No.  33-96814,
          filed by the Registrant on November 6, 1995)

     23.1 Consent of KPMG LLP


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*    Exhibits  followed  by  a  parenthetical   reference  are  incorporated  by
     reference herein from the document described therein.

    (b) Reports on Form 8-K

        None