KEARNY GATEWAY LLC

EIN: 862098831 Mutual Benefit

SEATTLE, WA

Total Revenue
$3,226,394
Total Expenses
$68,013,872
Total Assets
N/A
Net Assets
N/A
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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
2021
Legal Domicile
WA
Principal Officer
DAVID ALFI
Phone
2064931720
Tax Period
2022-01-01 to 2022-12-31

KEARNY GATEWAY LLC, founded in 2021, is a community nonprofit in the Mutual Benefit sector that reported $3.2M in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $68.0M exceeded revenue, resulting in a 2008% operating deficit.

Mission

THE ENTITY IS ORGANIZED AS A TITLE-HOLDING COMPANY, ORGANIZED SOLELY FOR THE LIMITED PURPOSE OF ACQUIRING, OWNING, IMPROVING, LEASING, MANAGING, OPERATING AND HOLDING FOR INVESTMENT PURPOSES REAL ESTATE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,226,394
Other Revenue $0
TOTAL REVENUE $3,226,394

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $68,013,872
TOTAL EXPENSES $68,013,872

Year-over-Year Comparison

2022 2021 Change
Revenue $3,226,394 $64,947,478 -1.0%
Expenses $68,013,872 $160,000 +424.1%
Net Income $-64,787,478 $64,787,478 -2.0%
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
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK S MALLEY EXEC. VP OF MANAGER 1.00
Officer 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
2022 $3,226,394 $68,013,872 No data $-64,787,478
2021 $64,947,478 $160,000 $64,787,478 $64,787,478
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