GATEWAY COMMUNITY INDUSTRIES INC D… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

STEPHANIE TURCO

Phone

8453311261

Tax Period

2024-01-01 to 2024-12-31

GATEWAY COMMUNITY INDUSTRIES INC D/B/A GATEWAY HUDSON VALLEY, founded in 1957, is a mid-sized nonprofit in the Human Services sector that reported $14.7M in total revenue in fiscal year 2024.

Mission

GATEWAY COMMUNITY INDUSTRIES, INC. ASSISTS PEOPLE IN CHOOSING, ACQUIRING, USING, AND MAINTAINING THE SKILLS AND SUPPORTS NECESSARY TO ACHIEVE SUCCESS AND SATISFACTION IN THEIR LIVES. WE ACCOMPLISH THIS THROUGH INTEGRATED VOCATIONAL, THERAPEUTIC, RESIDENTIAL, AND BUSINESS SERVICES.

Program Service Accomplishments

Program 1

Expenses: $5,091,008 Revenue: $5,292,636

VOCATIONAL SERVICES - PROVIDE TRAINING AND WORK OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES (MENTAL RETARDATION, DEVELOPMENTAL DISABILITIES, PSYCHIATRIC AND PHYSICAL), IN BOTH SUPPORTIVE AND...

VOCATIONAL SERVICES - PROVIDE TRAINING AND WORK OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES (MENTAL RETARDATION, DEVELOPMENTAL DISABILITIES, PSYCHIATRIC AND PHYSICAL), IN BOTH SUPPORTIVE AND COMMUNITY BASED ENVIRONMENTS. INDIVIDUALS ARE PROVIDED SUPPORT IN DEVELOPING THE SKILLS NECESSARY TO CHOOSE, ACQUIRE AND MAINTAIN VALUED LIFE ROLE. NUMBER SERVED 752.

Program 2

Expenses: $8,532,565 Revenue: $9,364,725

RESIDENTIAL SERVICES - DELIVER RESIDENTIAL SERVICES THAT ARE EFFECTIVE, WANTED AND RESPONSIVE TO THE NEED OF THE INDIVIDUAL FOR THE PURPOSE OF ASSISTING THE PERSON IN OBTAINING AND/OR MAINTAINING...

RESIDENTIAL SERVICES - DELIVER RESIDENTIAL SERVICES THAT ARE EFFECTIVE, WANTED AND RESPONSIVE TO THE NEED OF THE INDIVIDUAL FOR THE PURPOSE OF ASSISTING THE PERSON IN OBTAINING AND/OR MAINTAINING HOUSING AT THE HIGHEST LEVEL OF INDEPENDENCE AND SATISFACTION IN A SETTING OF THE THEIR PREFERENCE. NUMBER SERVED 255.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,000

Program Service Revenue $14,640,788

Investment Income $30,317

Other Revenue $16,573

TOTAL REVENUE $14,714,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,170,479

Fundraising Expenses $0

Program Expenses $13,623,573

Other Expenses $6,741,890

TOTAL EXPENSES $14,912,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,714,678	$14,349,330	+0.0%
Expenses	$14,912,369	$14,522,891	+0.0%
Net Income	$-197,691	$-173,561	+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

218

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

$367,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELENA COSTAKIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN GINTY	BOARD MEMBER (FOUNDATION	1.00	Director	$0	$0	$0
SARA RABBINO	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE DINARDO	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER SMAILER	IMMEDIATE PAST CHAIR	1.00	Officer	$0	$0	$0
CHARLES CULLEN	CHAIRMAN	1.00	Officer	$0	$0	$0
GREGG PAULK	FIRST VICE CHAIR	1.00	Officer	$0	$0	$0
ASHIMA BUTLER	SECOND VICE CHAIR	1.00	Officer	$0	$0	$0
JOSEPH HALLY	TREASURER	1.00	Officer	$0	$0	$0
MICHAEL SHAUGHNESSY	SECRETARY	1.00	Officer	$0	$0	$0
STEPHANIE TURCO	PRESIDENT & CEO	40.00	Officer	$189,248	$13,113	$202,361
BRIAN SCHNEIDER	EXECUTIVE VP & CFO	40.00	Officer	$155,935	$8,796	$164,731
BRANDEN GIBSON	VICE PRESIDENT - RESIDENTIAL	40.00	Highest	$106,450	$3,540	$109,990
MARK SCOTT	RESIDENTIAL MANAGER	40.00	Highest	$104,808	$3,489	$108,297

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	$14,714,678	$14,912,369	$7,841,106	$-197,691
2023	$14,349,330	$14,522,891	$7,453,816	$-173,561
2022	$13,822,845	$13,619,666	$8,136,483	$203,179
2021	$12,573,737	$11,661,143	$7,917,094	$912,594
2020	$11,638,400	$11,984,513	$7,747,085	$-346,113
2019	$12,279,169	$12,228,454	$7,205,593	$50,715
2018	$12,595,921	$12,332,606	$6,910,775	$263,315

GATEWAY COMMUNITY INDUSTRIES INC D/B/A GATEWAY HUDSON VALLEY