Gateway House Inc
- Assets
- $1.0m
- Revenue
- $259.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Wilmington, DE
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 51-0374347
Organization Overview
Gateway House Inc is located in Wilmington, DE. The organization was established in 1996. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Gateway House Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gateway House Inc generated $259.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $373.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AFFORDABLE LOW-INCOME RENTAL UNITS WITH SUPPORTING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Butler President | OfficerTrustee | 2 | $0 |
Robert M Gunter Vice President | OfficerTrustee | 2 | $0 |
Sarah Johnson Treasurer | OfficerTrustee | 2 | $0 |
Gregory L Fullhart Secretary | OfficerTrustee | 2 | $0 |
John A Pete Clark III Member | Trustee | 1 | $0 |
Linda Stillis Executive Director | Officer | 40 | $72,489 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,925 |
| Total Program Service Revenue | $250,792 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $259,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,489 |
| Compensation of current officers, directors, key employees. | $14,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,961 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $755 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,020 |
| Travel | $162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,075 |
| Insurance | $36,946 |
| All other expenses | $3,328 |
| Total functional expenses | $373,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,888 |
| Savings and temporary cash investments | $39,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,562 |
| Net Land, buildings, and equipment | $6,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $894,946 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,019,850 |
| Accounts payable and accrued expenses | $15,770 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,880 |
| Total liabilities | $27,650 |
| Net assets without donor restrictions | $964,803 |
| Net assets with donor restrictions | $27,397 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,019,850 |