South Chattanooga Gateway Corporation
- Assets
- $414.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 62-1571102
Organization Overview
South Chattanooga Gateway Corporation is located in Chattanooga, TN. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Chattanooga Gateway Corporation 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 12/2021, South Chattanooga Gateway Corporation generated $51.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $46.7k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED TWENTY-SIX DECENT,SAFE AND AFFORDABLE HOUSING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Parks Treasurer | 2 | $0 | |
Richard Williams President | 2 | $0 | |
Linston Sims Secretary | 2 | $0 | |
Ronald Hines Director | 2 | $0 | |
George Lawrence Director | 2 | $0 | |
Marilyn Mcalister Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $51,923 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,927 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,068 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,681 |
| Total expenses | $46,749 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $414,186 |
| Other assets | $0 |
| Total assets | $414,186 |
| Total liabilities | $0 |
| Net assets or fund balances | $414,186 |