GATES AVENUE HDFC (EIN 133550051) - 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

1989

Legal Domicile

Principal Officer

JENNIFER MITCHELL

Phone

2126285207

Tax Period

2022-07-01 to 2023-06-30

GATES AVENUE HDFC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $669K in total revenue in fiscal year 2022. The organization ran a surplus of $102K, a strong 15% operating margin.

Mission

TO DEVELOP AND OPERATE A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $668,722

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $668,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $566,770

Other Expenses $566,770

TOTAL EXPENSES $566,770

Year-over-Year Comparison

	2022	2021	Change
Revenue	$668,722	$669,722	0.0%
Expenses	$566,770	$678,803	-0.2%
Net Income	$101,952	$-9,081	-12.2%

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,664,285

Total Directors

$2,000,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRIET MCDONALD	PRESIDENT/CEO TO 10/31/22	1.00	Officer Director	$0	$22,808	$1,311,812
JENNIFER MITCHELL	PRESIDENT/CEO AS OF 4/3/23	1.00	Officer Director	$0	$0	$0
JOHN P MCDONALD	INTERIM CEO TO 4/3/23 & BD DIRECTOR	1.50	Director	$0	$36,280	$376,260
CRAIG TROTTA	BOARD DIRECTOR	1.50	Director	$0	$21,487	$156,451
NAZARINE GRIFFIN	BOARD DIRECTOR	1.50	Director	$0	$27,579	$155,545
ANTHONY J MANGIONE	CFAO	1.00	Officer	$0	$48,011	$352,473

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$668,722	$566,770	$13,602,410	$101,952
2022	$669,722	$678,803	$13,592,054	$-9,081
2021	$390,671	$1,203,479	$13,627,134	$-812,808
2020	$372,507	$309,307	$5,194,006	$63,200
2019	$638,847	$347,993	$5,401,441	$290,854
2018	$585,345	$379,509	$1,257,873	$205,836

GATES AVENUE HDFC