Gateway Community Development Corp

Charity Navigator Rating: 0 Stars

Gateway Community Development Corp has received a Zero-Star out of Four Star rating, with an overall score of 43%. This score is solely based on the Accountability & Finance category, indicating significant room for improvement. While the organization demonstrates strengths in having a fully independent board and effective audit and oversight practices, it struggles in other critical financial metrics.

The charity has a strong governance structure, scoring well in areas such as independent board membership and the existence of an audit committee. However, the organization lacks important transparency measures, evidenced by missing policies on conflict of interest, whistleblower protections, and document retention, which adversely affect its credibility.

Financially, the organization faces challenges, highlighted by a concerning liabilities-to-assets ratio of 147.01%, which suggests potential solvency issues. Additionally, its program expense ratio of 50.44% indicates that only a little over half of its expenditures are directed towards its programs, raising questions about its operational efficiency. Overall, while there are commendable governance practices in place, the organization needs to address financial transparency and program efficiency to improve its standing.

This AI summary has been generated from information found on Charity Navigator.

Gateway Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Community Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,320

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