Gateway Homes Inc
- Assets
- $6.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 131
- Location
- Chesterfield, VA
- Founding
- 02/1987
- Data as of
- 09/2017
- EIN
- 91-1865279
Organization Overview
Gateway Homes Inc is located in Chesterfield, VA. The organization was established in 1987. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2017, Gateway Homes Inc employed 131 individuals. This organization is a subordinate organization within 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 09/2017, Gateway Homes Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.1m during the year ending 09/2017. While expenses have increased by 12.6% per year over the past 3 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
2017
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 ADULTS, 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 THREE LOCATIONS, I.E., CHESTERFIELD, FAIRFAX AND WILLIAMSBURG. ALTHOUGH ADMISSION REQUIREMENTS DIFFER FOR EACH LOCATION, THE PROGRAM HAS LEVELS OF SERVICES DESIGNED TO ASSIST THE INDIVIDUAL'S MOVEMENT TOWARD RECOVERY AND INDEPENDENCE.ALL RESIDENTS ARE REQUIRED TO BE ENGAGED IN TREATMENT INCLUDING PSYCHOSOCIAL REHABILITATION AND MEDICATION ADHERENCE. TREATMENT SERVICES ALSO INCLUDE PSYCHIATRIC APPOINTMENTS FOR EACH INDIVIDUAL MONTHLY OR MORE FREQUENTLY AS NEEDED, SERVICES OF A NURSE PRACTITIONER, AN INDIVIDUAL THERAPIST AND AN OCCUPATIONAL THERAPIST. AS INDIVIDUALS PROGRESS THROUGH THE PROGRAM SEEKING WORK, ACADEMIC ENDEAVORS, OR VOLUNTEER SERVICES IS ENCOURAGED IN ORDER TO PROVIDE A STRUCTURED SETTING MOVEMENT INTO THE COMMUNITY.
PROVIDED SUPPORTED LIVING IN APARTMENTS ON CAMPUS, COMPREHENSIVE MENTAL HEALTHCARE, TRANSPORTATION, AND SOCIAL, EDUCATIONAL, AND VOCATIONAL SOCIAL SERVICES TO PREPARE INDIVIDUALS FOR LIVING IN THE COMMUNITY.
PROVIDED COMPREHENSIVE MENTAL HEALTHCARE, CASE MANAGEMENT, AND TRANSPORTATION SERVICES TO INDIVIDUALS LIVING IN THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Hyatt Executive Director | Officer | 40 | $141,573 |
L Thompson Hanes Chairman | OfficerTrustee | 1 | $0 |
Ronald Forbes MD Vice Chairman | OfficerTrustee | 1 | $0 |
H Barrow Turner III Treasurer | OfficerTrustee | 1 | $0 |
Kevin A White Secretary | OfficerTrustee | 1 | $0 |
K Wesley Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,618 |
| Investment income | $81,096 |
| 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 | $4,943,891 |
| Statement of Expenses | |
|---|---|
| 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. | $162,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,016,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $320,558 |
| Payroll taxes | $241,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,500 |
| Fees for services: Accounting | $48,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $110,378 |
| Fees for services: Investment Management | $6,320 |
| Fees for services: Other | $61,776 |
| Advertising and promotion | $0 |
| Office expenses | $63,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,833 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,754 |
| Insurance | $94,983 |
| All other expenses | $0 |
| Total functional expenses | $5,139,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,248 |
| Savings and temporary cash investments | $173,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621,271 |
| 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 | $31,774 |
| Investments—publicly traded securities | $2,513,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,061 |
| Total assets | $6,272,699 |
| Accounts payable and accrued expenses | $308,746 |
| 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 | $399,023 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $301,454 |
| Total liabilities | $1,009,223 |
| Net assets without donor restrictions | $3,603,496 |
| Net assets with donor restrictions | $416,323 |
| Capital stock or trust principal, or current funds | $1,243,657 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,263,476 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Gateway Homes Inc has recieved totaling $65,800.
| Awarding Organization | Amount |
|---|---|
Shelton H Short Jr Tr Ua Share Three Las Vegas, NV PURPOSE: LIFE SKILLS AND EDUCATION | $50,000 |
Townebank Richmond Foundation Richmond, VA PURPOSE: CONTRIBUTION | $5,000 |
Estes Foundation Jenkintown, PA PURPOSE: GENERAL | $5,000 |
The Dennis Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $5,000 |
Rostro Foundation Richmond, VA PURPOSE: SUPPORT | $800 |
Endowment Analysis
| Beg. Balance | $2,755,115 |
| Earnings | $194,898 |
| Admin Expense | $3,513 |
| Net Contributions | $24,415 |
| Other Expense | $656,400 |
| Ending Balance | $2,314,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Multi Services Inc Silver Spring, MD | $5,493,685 | $18,375,750 |
Pathway Homes Inc Fairfax, VA | $26,877,670 | $17,405,193 |
Vesta Inc Lanham, MD | $93,468,141 | $23,840,166 |
B & D Integrated Health Services Durham, NC | $4,788,708 | $11,835,093 |
Cooperriis Inc Mill Spring, NC | $12,718,463 | $13,153,723 |
Comprehend Inc Regional Mental Health-Mental Retardation Board In Maysville, KY | $11,822,807 | $11,248,090 |
Residential Services Inc Chapel Hill, NC | $17,802,150 | $11,666,621 |
Fidelity Resources Incorporated Towson, MD | $5,393,131 | $13,537,052 |
My Own Place Inc Hyattsville, MD | $11,287,984 | $12,398,898 |
Charterhouse School Inc Richmond, VA | $1,399,029 | $7,716,111 |
Leary Educational Foundation Inc Winchester, VA | $11,458,020 | $7,471,815 |
Diocesan Catholic Childrens Home Inc Ft Mitchell, KY | $13,133,511 | $6,253,027 |