GATEWAY WOODS FAMILY SERVICES INC

EIN: 272260443 501(c)(3) Youth Development

LEO, IN

Total Revenue
$5,309,558
Total Expenses
$5,219,172
Total Assets
$1,352,173
Net Assets
$1,156,273
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IN
Principal Officer
JEFF WAIBEL
Phone
2606270220
Tax Period
2023-07-01 to 2024-06-30

GATEWAY WOODS FAMILY SERVICES INC, founded in 2010, is a community nonprofit in the Youth Development sector that reported $5.3M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO HONOR AND OBEY GOD BY PROVIDING HOPE AND HEALING TO CHILDREN AND FAMILIES, WHO MAY THEN BLESS OTHERS. THE RESIDENTIAL, FOSTER CARE, ADOPTION AND OTHER PROGRAMS SERVED NEARLY 500 INDIVIDUALS DURING THE YEAR.

Program Service Accomplishments

Program 1
Expenses: $1,922,296 Revenue: $1,524,083

GATEWAY WOODS FAMILY SERVICES PROVIDES RESIDENTIAL CHILD CARE FOR ABUSED, NEGLECTED OR DELIQUENT TEENS IN A CARING, CHRISTIAN ENVIRONMENT ON A BEAUTIFUL 50 ACRE CAMPUS WITH FIVE FAMILY GROUP HOMES...

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GATEWAY WOODS FAMILY SERVICES PROVIDES RESIDENTIAL CHILD CARE FOR ABUSED, NEGLECTED OR DELIQUENT TEENS IN A CARING, CHRISTIAN ENVIRONMENT ON A BEAUTIFUL 50 ACRE CAMPUS WITH FIVE FAMILY GROUP HOMES WITH A CAPACITY FOR 32 RESDIDENTS WHO ARE PLACED BY PUBLIC AGENCIES AND PRIVATE FAMILIES. HOUSEPARENTS FAMILIES PROVIDE A MODEL OF SPIRITUALITY, FAMILY INTERACTION, DILIGENCE, STRUCTURE & NURTURING. RESIDENTS RECEIVE THERAPEUTIC INDIVIDUAL AND FAMILY COUNSELING FROM ON-STAFF COUNSELORS AND PARENTS ARE INCLUDED IN THE TREATMENT PROCESS WHEN A PLAN OF RECONCILIATION IS IN PLACE. ONE GROUP HOME IS UNIQUELY STAFFED AND PROGRAMED FOR TROUBLED PREGNANT TEENS AND TEEN MOMS. THIS INCLUDES CHRISTIAN PARENTING, ROLE MODELING & INSTRUCTION, DAY CARE, COUNSELING, AND HEALTH & INDEPENDENT LIVING SKILLS EDUCATION.

Program 2
Expenses: $1,058,427 Revenue: $911,534

GATEWAY WOODS FAMILY SERVICES OFFERS SPECIALIZED AND THERAPEUTIC FOSTER CARE. FOSTER CHILDREN RECEIVE MONTHLY OR BI-MONTHLY SERVICES AND VISITS FROM GATEWAY WOODS FAMILY SERVICES'S QUALIFIED CASE...

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GATEWAY WOODS FAMILY SERVICES OFFERS SPECIALIZED AND THERAPEUTIC FOSTER CARE. FOSTER CHILDREN RECEIVE MONTHLY OR BI-MONTHLY SERVICES AND VISITS FROM GATEWAY WOODS FAMILY SERVICES'S QUALIFIED CASE MANAGERS. FOSTER PARENTS RECEIVE SPECIALIZED AND THERAPEUTIC TRAINING. OUR FOSTER PARENTS ARE PART OF THE GATEWAY WOODS FAMILY SERVICES TEAM AND ARE DEDICATED TO QUALITY CARE, CONSISTENT DISCIPLINE, AND OPEN, LOVING COMMUNICATION. OUR EXPERIENCED STAFF MAKE CAREFUL MATCHES OF CHILDREN WITH FOSTER HOMES FOR MORE SUCCESSFUL PLACEMENTS. IN ADDITION, GATEWAY WOODS HAD PROFESSIONAL FOSTER CARE IN THE PRIOR FISCAL YEAR AND CONTINUED THE PROGRAM INTO THE CURRENT FISCAL YEAR BUT IT WILL NOT CARRY OVER TO FUTURE YEARS. OVER 50 CHILDREN WERE SERVED BY THE FOSTER CARE AND PROFESSIONAL FOSTER CARE PROGRAMS.

Program 3
Expenses: $675,297 Revenue: $712,091

ACCREDITED BY ACSI, THE SCHOOL FOR GATEWAY WOODS FAMILY SERVICES OFFERS AN OPPORTUNITY TO ACHIEVE FOR MORE THAN 30 STUDENTS WHO WOULD OTHERWISE STRUGGLE IN A PUBLIC SCHOOL SETTING. OUR EDUCATIONAL...

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ACCREDITED BY ACSI, THE SCHOOL FOR GATEWAY WOODS FAMILY SERVICES OFFERS AN OPPORTUNITY TO ACHIEVE FOR MORE THAN 30 STUDENTS WHO WOULD OTHERWISE STRUGGLE IN A PUBLIC SCHOOL SETTING. OUR EDUCATIONAL SYSTEM IS BASED ON CLOSE, PERSONAL TEACHER-STUDENT RELATIONSHIPS IN A HIGHLY STRUCTURED ENVIRONMENT. OUR DAY STUDENT PROGRAM ALSO SERVES OTHER STUDENTS FROM LOCAL COMMUNITY SCHOOL DISTRICTS AND PROBATION DEPARTMENTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,771,234
Program Service Revenue $3,467,083
Investment Income $31,685
Other Revenue $39,556
TOTAL REVENUE $5,309,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,308,074
Fundraising Expenses $0
Program Expenses $4,896,175
Other Expenses $1,911,098
TOTAL EXPENSES $5,219,172

Year-over-Year Comparison

2023 2022 Change
Revenue $5,309,558 $4,986,339 +0.1%
Expenses $5,219,172 $4,815,999 +0.1%
Net Income $90,386 $170,340 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
83
Volunteers
100

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
5
$129,851
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF WAIBEL EXECUTIVE DI 40.00
Officer
$102,245 $27,606 $129,851
STACI FIECHTER BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN FRAUHIGER SECRETARY 2.00
Officer Director
$0 $0 $0
DUSTIN HODEL BOARD MEMBER 2.00
Director
$0 $0 $0
TIM KIESER BOARD MEMBER 2.00
Officer Director
$0 $0 $0
MIKE KLOPFENSTEIN BOARD MEMBER 2.00
Director
$0 $0 $0
NEIL KNOBLOCH BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH KNOCHEL BOARD MEMBER 2.00
Director
$0 $0 $0
JAY MAIBACH BOARD MEMBER 2.00
Director
$0 $0 $0
GARY RASSI TREASURER 2.00
Officer Director
$0 $0 $0
DUANE SINN VICE CHAIRMA 2.00
Officer Director
$0 $0 $0
JOHN TEUBEL BOARD MEMBER 2.00
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
2025 No data No data No data No data
2024 $5,309,558 $5,219,172 $1,352,173 $90,386
2023 $4,986,339 $4,815,999 $1,272,027 $170,340
2022 $4,316,744 $4,362,362 $1,086,644 $-45,618
2021 $4,466,641 $4,414,763 $1,089,521 $51,878
2020 $4,457,805 $4,455,837 $1,304,420 $1,968
2019 $4,157,190 $4,144,890 $1,034,054 $12,300
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