GATEWAY APARTMENTS INC (EIN 222375168) - 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

1987

Legal Domicile

Principal Officer

STEPHANIE TURCO

Phone

8453311261

Tax Period

2020-01-01 to 2020-12-31

GATEWAY APARTMENTS INC, founded in 1987, is a small nonprofit that reported $420K in total revenue in fiscal year 2020. Revenue surged 6003814% from the prior year, signaling strong growth momentum. The organization ran a surplus of $407K, a strong 97% operating margin.

Mission

TO PROVIDE RESIDENCE TO PARTICIPANTS OF GATEWAY COMMUNITY INDUSTRIES, INC., A RELATED TAX-EXEMPT ENTITY THAT SERVES MENTALLY AND DEVELOPMENTALLY DISABLED PERSONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $420,269

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $420,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,589

Fundraising Expenses $0

Program Expenses $12,905

Other Expenses $7,316

TOTAL EXPENSES $12,905

Year-over-Year Comparison

	2020	2019	Change
Revenue	$420,274	$7	+60038.1%
Expenses	$12,905	$14,160	-0.1%
Net Income	$407,369	$-14,153	-29.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CULLEN	MEMBER	1.00	Director	$0	$0	$0
MICHAEL SHAUGHNESSY	MEMBER	1.00	Director	$0	$0	$0
JAMES HEGSTETTER	CHAIRPERSON	1.00	Director	$0	$0	$0
STEPHANIE TURCO	PRESIDENT & CEO	1.00	Director	$0	$0	$0

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
2020	$420,274	$12,905	No data	$407,369

GATEWAY APARTMENTS INC