Gateway Homes Inc
- Assets
- $8.5m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 309
- Location
- Richmond, VA
- Founding
- 02/1987
- Data as of
- 09/2021
- EIN
- 54-1264177
Organization Overview
Gateway Homes Inc is located in Richmond, VA. The organization was established in 1987. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2021, Gateway Homes Inc employed 309 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Gateway Homes 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 09/2021, Gateway Homes Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $13.5m during the year ending 09/2021. While expenses have increased by 14.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GATEWAY HOMES PROVIDES A TRANSITIONAL SUPPORTIVE LIVING RESIDENCE FOR INDIVIDUALS WITH SERIOUS MENTAL ILLNESS WHO NEED SUPPORT AND SERVICES IN ORDER TO MOVE TOWARD INDEPENDENCE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATEWAY HOMES, INC., PROVIDES RESIDENTIAL TREATMENT SERVICES TO INDIVIDUALS 18 YEARS OLD AND OLDER, WHO HAVE EXPERIENCED SERIOUS MENTAL ILLNESS AND WHO ARE COMMITTED TO LEARNING THE SKILLS THEY NEED TO MANAGE THEIR HEALTH AND LIVE INDEPENDENTLY IN THE COMMUNITY. GATEWAY CURRENTLY HAS LOCATIONS STATEWIDE. ALTHOUGH ADMISSION REQUIREMENTS DIFFER FOR EACH LOCATION, THE PROGRAM HAS SERVICES DESIGNED TO ASSIST THE INDIVIDUAL'S MOVEMENT TOWARD RECOVERY AND INDEPENDENCE.ALL RESIDENTS ARE REQUIRED TO BE ENGAGED IN TREATMENT. THIS INCLUDES MEDICATION ADHERENCE, PSYCHIATRIC AND MEDICAL APPOINTMENTS, COMPREHENSIVE BEHAVIORAL HEALTHCARE AS WELL AS SOCIAL, EDUCATIONAL AND VOCATIONAL FOCUSES. TRANSPORTATION IS PROVIDED TO ALL ACTIVITIES AND APPOINTMENTS. SERVICES ARE INTEGRATED AND DESIGNED TO MEET EACH INDIVIDUAL'S GOALS AND LIFESTYLE PREFERENCES.
PROVIDED COMPREHENSIVE MENTAL HEALTHCARE, CASE MANAGEMENT, AND TRANSPORTATION SERVICES TO INDIVIDUALS LIVING IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Hyatt Executive Director - CEO | Officer | 40 | $205,062 |
L Thompson Hanes Chairman | OfficerTrustee | 1 | $0 |
Ronald Forbes MD Secretary | OfficerTrustee | 1 | $0 |
K Wesley Martin Treasurer | OfficerTrustee | 1 | $0 |
Martin Buxton MD Vice Chair | OfficerTrustee | 1 | $0 |
Tiffany R F Birdsong Psyd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,372,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,275,720 |
| Noncash contributions included in lines 1a–1f | $1,445 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,647,920 |
| Total Program Service Revenue | $12,889,243 |
| Investment income | $27,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,816,448 |
| 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. | $221,662 |
| Compensation of current officers, directors, key employees. | $88,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,346,568 |
| Pension plan accruals and contributions | $64,988 |
| Other employee benefits | $540,465 |
| Payroll taxes | $637,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,118 |
| Fees for services: Accounting | $101,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $13,521 |
| Fees for services: Other | $143,274 |
| Advertising and promotion | $0 |
| Office expenses | $165,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,455,923 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,865 |
| Insurance | $179,238 |
| All other expenses | $293,641 |
| Total functional expenses | $13,518,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,487,040 |
| Savings and temporary cash investments | $175,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,146,459 |
| 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 | $244,893 |
| Net Land, buildings, and equipment | $3,561,600 |
| Investments—publicly traded securities | $1,912,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,528,159 |
| Accounts payable and accrued expenses | $633,219 |
| 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 | $676,272 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,310 |
| Total liabilities | $1,555,801 |
| Net assets without donor restrictions | $5,021,139 |
| Net assets with donor restrictions | $1,951,219 |
| 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 | $8,528,159 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Gateway Homes Inc has recieved totaling $189,026.
| Awarding Organization | Amount |
|---|---|
Annabella R Jenkins Foundation Richmond, VA PURPOSE: PROJECT SUPPORT: OPERATIONS SUPPORT FOR COMMUNITY BASED MENTAL HEALTH CLINIC FOR ADULTS AND ADOLESCENTS WITH SEVERE MENTAL ILLNESS | $50,000 |
Cameron Foundation Petersburg, VA PURPOSE: HEALTH:PROGRAM SUPPORT | $50,000 |
John Randolph Foundation Support Fund Inc Hopewell, VA PURPOSE: CHARITABLE SUPPORT | $30,000 |
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT | $25,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $12,500 |
Emily S & Coleman A Hunter Trust Orlando, FL PURPOSE: GENERAL | $7,500 |
Endowment Analysis
| Beg. Balance | $1,402,004 |
| Earnings | $337,297 |
| Other Expense | $70,000 |
| Ending Balance | $1,669,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerstone Of America Inc Nashville, TN | $43,424,476 | $37,223,353 |
Anne Arundel County Mental Health Agency Inc Annapolis, MD | $6,530,455 | $20,437,601 |
Affiliated Sante Group Silver Spring, MD | $4,984,188 | $14,378,759 |
Gateway Homes Inc Richmond, VA | $8,528,159 | $15,816,448 |
Arundel Lodge Inc Edgewater, MD | $12,300,963 | $12,274,918 |
Mid Shore Mental Health Systems Inc Easton, MD | $5,071,392 | $9,779,116 |
For All Seasons Inc Easton, MD | $4,642,376 | $8,779,165 |
Center For Children Inc La Plata, MD | $3,340,633 | $6,735,965 |
Maryland Coalition Of Families Inc Columbia, MD | $2,341,039 | $5,772,217 |
Association Of Academic Physiatrists Owings Mills, MD | $3,272,006 | $3,544,471 |
Benton County Developmental Services Incorporated Camden, TN | $4,185,808 | $2,271,819 |
Durham County Community Living Programs Inc Durham, NC | $1,836,580 | $2,349,160 |