FAMILY GATEWAY AFFORDABLE HOUSING INC (EIN 043771703) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ELLEN MAGNIS

Phone

2148234500

Tax Period

2023-01-01 to 2023-12-31

FAMILY GATEWAY AFFORDABLE HOUSING INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $195K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $192K, a strong 99% operating margin.

Mission

FAMILY GATEWAY AFFORDABLE HOUSING, INC. (FGAH) IS OPERATED, SUPERVISED, AND CONTROLLED BY FAMILY GATEWAY, INC. (FG), A TEXAS NONPROFIT FOR THE PURPOSE OF BUILDING AND OPERATING HOUSING UNITS AVAILABLE TO LOW INCOME TENANTS. FGAH WORKS WITH FG TO PROVIDE VARIOUS SUPPORT SERVICES TO TENANTS OCCUPYING FGAH'S PROPERTY, AND ASSIST FG IN FULFILLING ITS PURPOSES OF PROVIDING SAFE, DECENT, AND AFFORDABLE HOUSING TO LOW INCOME AND VERY LOW INCOME INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $188,700

Investment Income $6,168

Other Revenue $0

TOTAL REVENUE $194,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,490

TOTAL EXPENSES $2,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,868	$215,191	-0.1%
Expenses	$2,490	$242	+9.3%
Net Income	$192,378	$214,949	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$250,094

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB GROVERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SHARMA	DIRECTOR	1.00	Director	$0	$0	$0
EXA WHITEMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
BAY MILTENBERGER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ELLEN MAGNIS	PRESIDENT AND CEO	1.00	Officer	$0	$10,519	$250,094

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$194,868	$2,490	$1,234,419	$192,378
2022	$215,191	$242	$1,228,291	$214,949
2021	$181,238	$100	$1,217,342	$181,138
2020	No data	No data	$1,203,066	No data
2019	No data	$241	$1,203,107	No data
2018	$687,700	$55,203	$1,229,349	$632,497

FAMILY GATEWAY AFFORDABLE HOUSING INC