GATEWAY ACCESSIBLE HOUSING III INC (EIN 431781223) - 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

1997

Legal Domicile

Principal Officer

CYNTHIA DUFFE

Phone

3146092915

Tax Period

2023-01-01 to 2023-12-31

GATEWAY ACCESSIBLE HOUSING III INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $218K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $885K represent 49 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW-INCOME HOUSEHOLDS IMPACTED BY DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $155,781

Program Service Revenue $61,463

Investment Income $86

Other Revenue $1,169

TOTAL REVENUE $218,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,089

Fundraising Expenses $0

Program Expenses $166,955

Other Expenses $176,642

TOTAL EXPENSES $222,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,499	$165,461	+0.3%
Expenses	$222,731	$201,066	+0.1%
Net Income	$-4,232	$-35,605	-0.9%

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

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

$34,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE YANCEY	PRESIDENT	0.50	Officer Director	$0	$0	$0
LAURA COHEN	SECRETARY	0.50	Officer Director	$0	$0	$0
LYNN DIRAIMONDO	CO-TREASURER	0.50	Officer Director	$0	$0	$0
SCOTT NIXON	CO-TREASURER	0.50	Officer Director	$0	$0	$0
TERESA BRANDON	DIRECTOR	0.50	Director	$0	$0	$0
PETER CZAJKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
MARK UTTERBACK	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BROWN	DIRECTOR	0.50	Director	$0	$0	$0
TONY POTTS	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA DUFFE	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$34,152

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	No data	No data	No data	No data
2023	$218,499	$222,731	$971,722	$-4,232
2022	$165,461	$201,066	$988,852	$-35,605
2021	$131,576	$179,656	$992,847	$-48,080
2020	$140,551	$193,298	$1,021,632	$-52,747
2019	$112,289	$186,250	$1,075,299	$-73,961
2018	$132,340	$173,503	$1,120,086	$-41,163

GATEWAY ACCESSIBLE HOUSING III INC