Overview
What is Gsny Properties Inc?
Gsny Properties Inc is a corporation primarily dedicated to supporting the Gateway School of New York (GSNY), a New York-based educational institution. Their sole activity involves providing facilities for GSNY, generating revenue through rental fees, and covering related expenses. The corporation's charitable mission is to benefit children by supporting and aiding the Gateway School of New York, contributing to the education and well-being of young learners in the community.
Official website here: www.gatewayschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star Rating
Gsny Properties Inc has received a low rating of 57% from Charity Navigator, categorizing it as a One-Star organization. This rating reflects significant concerns regarding its financial performance, particularly highlighted by a program expense ratio of 0.00%, indicating that the organization may not be allocating any funds toward its stated programs. The liabilities to assets ratio is also a concern at 43.23%, which raises questions about its financial stability.
Despite these financial issues, Gsny Properties demonstrates strong governance practices. The organization has a fully independent board and scores well in areas such as conflict of interest policies, whistleblower protections, and record-keeping. These aspects suggest that while the financial health may be lacking, the organization adheres to good governance standards.
However, the lack of program expenses raises serious questions about the effectiveness and impact of Gsny Properties Inc's operations. Donors and stakeholders may want to consider these financial performance metrics carefully when evaluating the organization's viability and overall mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Gsny Properties Inc legitimate?
Gsny Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gsny Properties Inc 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gatewayschool.org
What is the mission statement of Gsny Properties Inc?
Gsny Properties Inc is established with a charitable purpose, focusing on benefiting children by supporting and aiding the Gateway School of New York (GSNY), a New York-based educational corporation. The company's sole activity is to provide facilities for GSNY, an exempt organization, and all its income is derived from renting these facilities to GSNY. All expenses are directly related to these rental activities, indicating a strong commitment to supporting the educational needs of children through GSNY.
Official website here: www.gatewayschool.org
Who is the CEO of Gsny Properties Inc?
Jim Wilson is the Chair of Gsny Properties Inc.
Official website here: www.gatewayschool.org
What is the revenue of Gsny Properties Inc?
Gsny Properties Inc's revenue in 2022 was -$396,855.
Official website here: www.gatewayschool.org
Who are the executives of Gsny Properties Inc and what are their salaries?
There 19 volunteers at Gsny Properties Inc.
Here are 21 key members and their salaries:
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- Related: $299,635
- Other: $18,574
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- Related: $285,885
- Other: $26,261
Official website here: www.gatewayschool.org
Where can I find the form 990 for Gsny Properties Inc?
Gsny Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gatewayschool.org
Learn more at the official website: www.gatewayschool.org
Mission Statement of Gsny Properties Inc
Gsny Properties Inc, a charitable organization, is established with a singular purpose: to support and benefit The Gateway School of New York (GSNY), a New York Education Corporation. The corporation's mission is centered around this objective, aiming to contribute positively to the lives of children by providing resources and facilities for GSNY. All revenues generated by Gsny Properties Inc stem from the rental of these facilities to GSNY, while all expenses are directly tied to these rental activities. Essentially, Gsny Properties Inc serves as a benefactor, providing a conducive environment for the educational growth and development of children under the care of GSNY.
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Impact
October, 2024
Gsny Properties Inc plays a crucial role in supporting the Gateway School of New York (GSNY) by providing essential facilities that enhance the educational experience for children. By focusing exclusively on the needs of GSNY, Gsny Properties Inc ensures that the school operates in a conducive environment, which is vital for the growth and development of its students.
The corporation’s activities are centered around renting spaces to GSNY, which generates the revenue needed to maintain these facilities. This approach not only directly benefits the school by securing a safe and functional environment for learning but also contributes to the overall educational landscape in New York. The impact of Gsny Properties Inc is multifaceted: it directly supports educational initiatives tailored for children, fosters community engagement, and underscores the importance of dedicated facilities in achieving educational excellence. Through these efforts, Gsny Properties Inc significantly contributes to the mission of nurturing and benefiting children in the local community.
This information is meant to be a general summary of Gsny Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $852,261
Assets and Liabilities:
- Total Assets: $33,498,515
- Total Liabilities: $13,935,319
- Net Assets: $19,563,196
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Organization Details
Founding Year
2010
Phone
(212) 777-5966Principal Officer
Jim Wilson
Main Address
211 W 61ST STREET, NEW YORK, NY, 10023
Website
www.gatewayschool.orgNTEE Category
Code: B12 - Education
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