GATEWAY APARTMENTS INC (EIN 570956918) - 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

1992

Legal Domicile

Principal Officer

RANDY REDLINGER

Phone

8642429193

Tax Period

2024-01-01 to 2024-12-31

GATEWAY APARTMENTS INC, founded in 1992, is a micro nonprofit that reported $76K in total revenue in fiscal year 2024. Expenses of $97K exceeded revenue, resulting in a 27% operating deficit.

Mission

SUPERVISED HUD HOUSING FOR THE MENTALLY ILL.

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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 $0

Program Service Revenue $76,073

Investment Income $185

Other Revenue $0

TOTAL REVENUE $76,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,407

Fundraising Expenses $0

Program Expenses $76,986

Other Expenses $84,771

TOTAL EXPENSES $97,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,258	$74,813	+0.0%
Expenses	$97,178	$74,581	+0.3%
Net Income	$-20,920	$232	-91.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MARKEL	TREASURER	0.10	Officer Director	$0	$0	$0
CAROLINE STEWART	CHAIR	0.10	Officer Director	$0	$0	$0
MARIAN CARPENTER	SECRETARY	0.10	Officer Director	$0	$0	$0
RANDY REDLINGER	EXECUTIVE DIRECTOR	0.10	Officer	$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
2024	$76,258	$97,178	$439,258	$-20,920
2023	No data	No data	No data	No data
2022	$72,666	$76,804	$469,230	$-4,138
2021	$64,797	$89,164	$479,661	$-24,367
2020	$64,304	$75,518	$498,394	$-11,214
2019	$65,350	$85,074	$509,320	$-19,724
2018	$71,302	$79,563	$527,282	$-8,261

GATEWAY APARTMENTS INC