GATEWAY COMMUNITY DEVELOPMENT CORP (EIN 561597343) - 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

1988

Legal Domicile

Principal Officer

PRESIDENT

Phone

2524926298

Tax Period

2024-01-01 to 2024-12-31

GATEWAY COMMUNITY DEVELOPMENT CORP, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $614K in total revenue in fiscal year 2024. The organization ran a surplus of $353K, a strong 58% operating margin.

Mission

Gateway Community Development Corporation is committed to improving the quality of life for the communities we serve by providing essential resources and opportunities that promote growth, development and empowerment.

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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 $614,450

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $614,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,404

Fundraising Expenses $0

Program Expenses $90,448

Other Expenses $144,558

TOTAL EXPENSES $260,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,450	N/A	N/A
Expenses	$260,962	N/A	N/A
Net Income	$353,488	N/A	N/A

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

N/A

Employees

N/A

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

$116,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER JOI KENNEY	President	40.00	Officer	$90,004	$0	$90,004
HEATHER YENCARELLI	COO	40.00	Officer	$26,400	$0	$26,400
ABDUL RASHEED	Treasurer	0.00	Director	$0	$0	$0
WANDA HENDERSON	Secretary	0.00	Director	$0	$0	$0
IRVIN HENDERSON	Chairman	0.00	Director	$0	$0	$0
JUSTIN HENDERSON	Trustee	0.00	Director	$0	$0	$0
VALARIE JORDAN	Trustee	0.00	Director	$0	$0	$0
KAREN FOSTER	Trustee	0.00	Director	$0	$0	$0
BRANDON ALEXANDER	Trustee	0.00	Director	$0	$0	$0
JULIUS HART	Trustee	0.00	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	$614,450	$260,962	$980,688	$353,488
2021	$200,200	$30,703	$372,539	$169,497

GATEWAY COMMUNITY DEVELOPMENT CORP