GATEWAY HOMES INC

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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

1983

Legal Domicile

Principal Officer

K WESLEY MARTIN

Phone

8047124133

Tax Period

2024-10-01 to 2025-09-30

GATEWAY HOMES INC, founded in 1983, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $26.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

GATEWAY HOMES PROVIDES A TRANSITIONAL SUPPORTIVE LIVING RESIDENCE FOR INDIVIDUALS WITH SERIOUS MENTAL ILLNESS WHO NEED SUPPORT AND SERVICES IN ORDER TO MOVE TOWARD INDEPENDENCE IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $21,574,972 Revenue: $22,797,204

GATEWAY HOMES, INC., PROVIDES RESIDENTIAL TREATMENT SERVICES TO ADOLESCENTS 14 YEARS TO 17 YEARS OF AGE AND INDIVIDUALS 18 YEARS OLD AND OLDER, WHO HAVE EXPERIENCED SERIOUS MENTAL ILLNESS AND WHO ARE COMMITTED TO LEARNING THE SKILLS THEY NEED TO MANAGE THEIR HEALTH AND LIVE INDEPENDENTLY IN THE COMMUNITY. GATEWAY CURRENTLY HAS LOCATIONS STATEWIDE. ALTHOUGH ADMISSION REQUIREMENTS DIFFER FOR EACH LOCATION, THE PROGRAM HAS SERVICES DESIGNED TO ASSIST THE INDIVIDUAL'S MOVEMENT TOWARD RECOVERY AND INDEPENDENCE.ALL RESIDENTS ARE REQUIRED TO BE ENGAGED IN TREATMENT. THIS INCLUDES MEDICATION ADHERENCE, PSYCHIATRIC AND MEDICAL APPOINTMENTS, COMPREHENSIVE BEHAVIORAL HEALTHCARE AS WELL AS SOCIAL, EDUCATIONAL AND VOCATIONAL FOCUSES. TRANSPORTATION IS PROVIDED TO ALL ACTIVITIES AND APPOINTMENTS. SERVICES ARE INTEGRATED AND DESIGNED TO MEET EACH INDIVIDUAL'S GOALS AND LIFESTYLE PREFERENCES.

Program 2

Expenses: $1,169,737 Revenue: $450,820

PROVIDED COMPREHENSIVE MENTAL HEALTHCARE, CASE MANAGEMENT, AND TRANSPORTATION SERVICES TO INDIVIDUALS LIVING IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $556,345

Program Service Revenue $23,144,004

Investment Income $142,356

Other Revenue $74,046

TOTAL REVENUE $23,916,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,975,674

Fundraising Expenses $429,325

Program Expenses $22,744,709

Other Expenses $7,886,034

TOTAL EXPENSES $26,861,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,916,751	$20,264,602	+0.2%
Expenses	$26,861,708	$20,627,240	+0.3%
Net Income	$-2,944,957	$-362,638	+7.1%

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

544

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

$698,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK ARANDA	DIRECTOR	1.00	Director	$0	$0	$0
GARY S CUDDEBACK PHD MSW MPH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CULHANE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD FORBES MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL W GIANCASPRO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M KEYS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA KING	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN MARKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MCFADDEN PATOW	DIRECTOR	1.00	Director	$0	$0	$0
GRACE RAY	DIRECTOR	1.00	Director	$0	$0	$0
L THOMPSON HANES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KARL NETTING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
K WESLEY MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY R F BIRDSONG PSYD	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL HARRIS	CHIEF OPERATING OFFICER	40.00	Officer	$176,053	$21,819	$197,872
LYNDA J HYATT PHD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$258,069	$19,225	$277,294
CATE POWELL	CHIEF COMPLIANCE OFFICER	40.00	Officer	$150,365	$15,039	$165,404
ALAN HUTSON JR	CHIEF ADMIN OFFICER	40.00	Officer	$50,883	$7,174	$58,057

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	$23,916,751	$26,861,708	$13,719,579	$-2,944,957
2024	$20,264,602	$20,627,240	$15,650,913	$-362,638
2023	$20,808,993	$17,520,568	$14,657,344	$3,288,425
2022	$16,899,550	$16,844,732	$8,679,426	$54,818
2021	$15,816,448	$13,518,833	$8,528,159	$2,297,615
2020	$11,278,293	$11,104,336	$7,426,319	$173,957
2019	$10,320,524	$10,112,909	$5,862,696	$207,615
2018	$7,486,229	$7,929,412	$6,285,050	$-443,183