GATEWAY DEMONSTRATION ASSISTANCE CORPORATION

EIN: 474298646 501(c)(3) Public & Societal Benefit

NEW YORK, NY

Total Revenue
$360,510
Total Expenses
$591,175
Total Assets
$332,836
Net Assets
$206,462
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
TED HOUGHTON
Phone
9173094566
Tax Period
2020-01-01 to 2020-12-31

GATEWAY DEMONSTRATION ASSISTANCE CORPORATION, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $361K in total revenue in fiscal year 2020. Expenses of $591K exceeded revenue, resulting in a 64% operating deficit.

Mission

GATEWAY DEMONSTRATION ASSISTANCE CORPORATION SEEKS TO REORIENT GOVERNMENT APPROACHES TO HOMELESSNESS AWAY FROM THE SIMPLE PROCUREMENT OF EMERGENCY SHERTER AND TOWARD THE PROVIDION OF OUTCOME-ORIENTED TRANSITIONAL AFFORDABLE HOUSING THAT WILL PROVIDE REAL, POSITIVE LIFE OUTCOMES FOR HOMELESS FAMILIES AND INDIVIDUALS AS WELL AS PROVIDE COST-SAVINGS FOR MINICIPAL AND STATE GOVERNMENTS. THE APPLICANT WILL ADVANCE THIS MISSION BY ADVOCATING FOR AND PROVIDING TECHNICAL ASSISTANCE TO IMPLEMENT THE GATEWAY HOUSING MODEL AND THE GATEWAY HOUSING DEMONSTRATION INITIATIVE.

Program Service Accomplishments

Program 1
Expenses: $429,255

GATEWAY HOUSINGS GOAL IS NOTHING LESS THAN TO INITIATE A FUNDAMENTAL SHIFT AWAY FROM NEW YORKS CURRENT "ONE-SIZE-FITS-ALL" EMERGENCY HOMELESS RESPONSE. WITH SUCCESS, GATEWAY HOUSINGS TRANSFORMATION...

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GATEWAY HOUSINGS GOAL IS NOTHING LESS THAN TO INITIATE A FUNDAMENTAL SHIFT AWAY FROM NEW YORKS CURRENT "ONE-SIZE-FITS-ALL" EMERGENCY HOMELESS RESPONSE. WITH SUCCESS, GATEWAY HOUSINGS TRANSFORMATION OF THE SHELTER SYSTEM WILL HAVE NATIONAL IMPLICATIONS. GATEWAYS COMPREHENSIVE, ANTI-POVERTY APPROACH WILL:-IMPROVE A SHELTER SYSTEM BADLY IN NEED OF REPAIR-CREATE NEW PERMANENT AFFORDABLE HOUSING UNITS-STRENGTHEN NEIGHBORHOODS WITH NEW ON-SITE COMMUNITY-BASED SUPPORTS-ESTABLISH AN ONGOING CAPITAL DEVELOPMENT PIPELINE WITH STANDARDIZEDFINANCING TERMS-DEVELOP AND TEST A CONSISTENT, REPLICABLE SERVICE PROGRAM that can ULTIMATELY BE ADOPTED SYSTEM WIDE

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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 (2020)

Revenue Breakdown

Contributions & Grants $364,226
Program Service Revenue $0
Investment Income $-3,716
Other Revenue $0
TOTAL REVENUE $360,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $341,864
Fundraising Expenses $37,426
Program Expenses $429,255
Other Expenses $249,311
TOTAL EXPENSES $591,175

Year-over-Year Comparison

2020 2019 Change
Revenue $360,510 $352,731 +0.0%
Expenses $591,175 $753,654 -0.2%
Net Income $-230,665 $-400,923 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
3
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
4
$244,641
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED HOUGHTON President 40.00
Officer
$175,645 $68,996 $244,641
BILL TRAYLOR Chairman 1.00
Officer Director
$0 $0 $0
PAUL FREITAG Member 1.00
Director
$0 $0 $0
LAURA MASCUCH Secretary 1.00
Officer Director
$0 $0 $0
GEORGE NASHAK Treasurer 1.00
Officer Director
$0 $0 $0
EILEEN TORRES MEMBER 1.00
Director
$0 $0 $0
TOM HAMELINE MEMBER 1.00
Director
$0 $0 $0
MOSHE MCKIE KRISBERG MEMBER 1.00
Director
$0 $0 $0
CRIS PARQUE MEMBER 1.00
Director
$0 $0 $0
CHRISTINE QUINN MEMBER 1.00
Director
$0 $0 $0
JOE WEISBORD MEMBER 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 $360,510 $591,175 $332,836 $-230,665
2019 $352,731 $753,654 $448,727 $-400,923
2018 $227,003 $454,886 $877,983 $-227,883
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