NEW GATEWAYS INC

EIN: 352245430 501(c)(3) Human Services

WATERFORD, MI

Total Revenue
$3,025,655
Total Expenses
$3,081,737
Total Assets
$2,503,677
Net Assets
$1,143,303
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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
2005
Legal Domicile
MI
Principal Officer
LYNN MAGINITY
Phone
2485387830
Tax Period
2024-10-01 to 2025-09-30

NEW GATEWAYS INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

TO ASSIST ADULTS WITH DEVELOPMENTAL DISABILITIES TO FEEL SAFE INTERDE- PENDENT AND INCLUDED IN THEIR COMMUNITY, WHILE SUPPORTING THEM IN MAK- ING SAFE AND HEALTHY CHOICES, RESULTING IN SELF DIRECTED, PUR

Program Service Accomplishments

Program 1
Expenses: $2,776,902 Revenue: $3,015,558

THE ORGANIZATIONS COMMUNITY PROGRAM HAS PROVIDED INSTRUCTION AND

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $83,443
Program Service Revenue $2,932,115
Investment Income $7,309
Other Revenue $2,788
TOTAL REVENUE $3,025,655

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,844,774
Fundraising Expenses $0
Program Expenses $2,776,902
Other Expenses $1,236,963
TOTAL EXPENSES $3,081,737

Year-over-Year Comparison

2024 2023 Change
Revenue $3,025,655 $2,859,215 +0.1%
Expenses $3,081,737 $3,052,704 +0.0%
Net Income $-56,082 $-193,489 -0.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
69
Volunteers
5

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
4
$95,476
Total Directors
10
$95,476
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM REBH PRESIDENT 1
Officer Director
$0 $0 $0
RANDALL MEONO VICE PRESIDENT 1
Officer Director
$0 $0 $0
ZACK CARDINELL SECRETARY 1
Officer Director
$0 $0 $0
LYNN MAGINITY EXECUTIVE DIRE 40
Officer Director
$85,476 $10,000 $95,476
ROSEMARY RANGI DIRECTOR 1
Director
$0 $0 $0
G PROVENCAL DIRECTOR 1
Director
$0 $0 $0
THERESE DOMINI DIRECTOR 1
Director
$0 $0 $0
C DEAN-OGENE DIRECTOR 1
Director
$0 $0 $0
JENNIFER COUSI DIRECTOR 1
Director
$0 $0 $0
DEIRDRE MERCER DIRECTOR 1
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 $3,025,655 $3,081,737 $2,503,677 $-56,082
2024 $2,859,215 $3,052,704 $2,877,141 $-193,489
2023 $3,027,303 $2,894,082 $3,086,016 $133,221
2022 $2,591,371 $2,224,348 $1,534,816 $367,023
2021 $2,247,041 $1,877,902 $1,107,605 $369,139
2020 $1,780,150 $1,950,948 $750,543 $-170,798
2019 $1,844,245 $1,884,961 $797,625 $-40,716
2018 $1,899,471 $1,827,228 $853,550 $72,243
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