GATEWAY APARTMENTS INC (EIN 710719307) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JAMES C GREEN

Phone

5019820528

Tax Period

2022-07-01 to 2023-06-30

GATEWAY APARTMENTS INC, founded in 1992, is a micro nonprofit in the Human Services sector that reported $66K in total revenue in fiscal year 2020. Expenses of $83K exceeded revenue, resulting in a 25% operating deficit.

Mission

GATEWAY APARTMENTS INC. IS A SIXTEEN-UNIT GROUP HOME FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. RESIDENTS RECEIVE SKILLS TRAINING TO ENABLE THEM TO LIVE INDEPENDENTLY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $12,761

Program Service Revenue $53,817

Investment Income $337

Other Revenue $0

TOTAL REVENUE $66,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,626

Fundraising Expenses $0

Program Expenses $75,393

Other Expenses $76,588

TOTAL EXPENSES $86,214

Year-over-Year Comparison

	2022	2021	Change
Revenue	$66,915	$64,135	+0.0%
Expenses	$86,214	$82,282	+0.0%
Net Income	$-19,299	$-18,147	+0.1%

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

N/A

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

$302,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GREEN	EXECUTIVE DIRECTOR	0.1	Officer	$0	$21,642	$172,207
PATRICIA WALKER	CFO	0.1	Officer	$0	$26,238	$129,814
ROBERT FERGUSON	CHAIRMAN	0.1	Officer Director	$0	$0	$0
REV WENDELL DORMAN	MEMBER	0.1	Director	$0	$0	$0
MATT MCCLENDON	MEMBER	0.1	Director	$0	$0	$0
RANDY LANN	MEMBER	0.1	Director	$0	$0	$0
BAXTER DRENNON	MEMBER	0.1	Director	$0	$0	$0
ANDREW BRANCH	MEMBER	0.1	Director	$0	$0	$0
JOHN BURKHALTER	MEMBER	0.1	Director	$0	$0	$0
LISA BAMBURG	SECRETARY	0.1	Officer Director	$0	$0	$0
JAN BARKER	VICE CHAIRMAN	0.1	Officer Director	$0	$0	$0
BARBARA MCCREIGHT	MEMBER	0.1	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	No data	No data	No data	No data
2023	$66,915	$86,214	$390,748	$-19,299
2022	$64,135	$82,282	$408,486	$-18,147
2021	$66,210	$82,674	$418,909	$-16,464

GATEWAY APARTMENTS INC