GATEWAY TERRACE INC

EIN: 591163698 501(c)(3) Human Services

ORLANDO, FL

Total Revenue
$1,237,911
Total Expenses
$1,722,258
Total Assets
$4,549,283
Net Assets
$1,760,248
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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
1966
Legal Domicile
FL
Principal Officer
HENRY T KEITH
Phone
4078395050
Tax Period
2023-07-01 to 2024-06-30

GATEWAY TERRACE INC, founded in 1966, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 39% operating deficit.

Mission

WE ARE A CHURCH RELATED, NON-PROFIT ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS BY CREATING AND PRESERVING EXCELLENT RESIDENTIAL FACILITIES. WE BELIEVE IN AND ARE COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WE ARE COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES THE RESPONSIBILITY TO USE OUR RESOURCES WELL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $174
Program Service Revenue $1,248,962
Investment Income $-11,225
Other Revenue $0
TOTAL REVENUE $1,237,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $485,926
Fundraising Expenses $0
Program Expenses $1,722,258
Other Expenses $1,236,332
TOTAL EXPENSES $1,722,258

Year-over-Year Comparison

2023 2022 Change
Revenue $1,237,911 $1,045,966 +0.2%
Expenses $1,722,258 $1,520,477 +0.1%
Net Income $-484,347 $-474,511 +0.0%
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

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Governance

Voting Members
5
Independent Members
4
Employees
16
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
5
$2,071,828
Total Directors
5
$1,479,461
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HILLENMEYER CHAIRMAN N/A
Officer Director
$0 $0 $0
TERENCE ROGERS CEO/PRESIDEN N/A
Officer Director
$0 $44,437 $836,263
HENRY T KEITH CFO/TREASUR/ N/A
Officer Director
$0 $29,978 $643,198
GARRY HENNIS COO/EXECUTIV N/A
Officer
$0 $28,188 $592,367
MEGAN FAUBEL SECRETARY N/A
Officer
$0 $0 $0
LINDA SHELLEY DIRECTOR N/A
Director
$0 $0 $0
JOHN DEBEVOISE DIRECTOR N/A
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 $1,237,911 $1,722,258 $4,549,283 $-484,347
2023 $1,045,966 $1,520,482 $4,794,503 $-474,516
2023 No data No data No data No data
2022 $1,038,558 $1,284,598 $4,925,509 $-246,040
2021 $968,416 $1,186,419 $5,013,456 $-218,003
2020 $978,857 $1,253,424 $5,176,790 $-274,567
2019 $953,501 $1,217,546 $5,345,301 $-264,045
2018 $4,725,520 $1,070,823 $5,498,252 $3,654,697
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