Overview
What is Gateway Apartments Inc?
Gateway Apartments Inc, based in Greenville, South Carolina, is a nonprofit organization dedicated to providing supervised housing for individuals grappling with significant mental health issues, such as schizophrenia, schizoaffective disorder, bipolar disorder, and major depression. Their primary mission is to enhance the quality of life for those affected, aiming to create a supportive environment that fosters growth and well-being. They manage HUD housing specifically designed for this purpose, ensuring that residents have access to essential resources and receive the care they need to live fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Gateway Apartments Inc has received a two-star rating from Charity Navigator, indicating that while there are some strengths, significant areas require attention. The organization has a solid program expense ratio of 81.56%, reflecting a strong commitment to its mission. Additionally, the board governance is robust, with all members being independent, which enhances accountability.
However, there are critical weaknesses highlighted in the assessment. The organization lacks essential policies such as a whistleblower policy and document retention and destruction policy, both of which are necessary for transparency and accountability. Furthermore, the liabilities to assets ratio of 174.81% raises concerns about financial health and sustainability.
While Gateway Apartments Inc demonstrates effective program spending and governance, the absence of necessary policies and poor financial ratios suggest that stakeholders should be cautious. Improving these areas could enhance the organization’s overall rating and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Apartments Inc legitimate?
Gateway Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Apartments 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $18,137
For more financial information, click here
What is the mission statement of Gateway Apartments Inc?
The mission of Gateway Apartments Inc is to enhance the quality of life for individuals living with major mental illnesses such as schizophrenia, schizoaffective disorder, bipolar disorder, or major depression. By supervising HUD housing, this organization aims to provide a supportive environment that caters to the unique needs of these individuals, offering them a chance to live with dignity and autonomy. The focus is on improving their overall well-being and helping them lead fulfilling lives.
Who is the CEO of Gateway Apartments Inc?
Randy Redlinger is the Director of Gateway Apartments Inc.
What is the revenue of Gateway Apartments Inc?
Gateway Apartments Inc's revenue in 2022 was $72,666.
Who are the executives of Gateway Apartments Inc and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Gateway Apartments Inc?
Gateway Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Apartments Inc
Gateway Apartments Inc, a non-profit organization, is dedicated to enhancing the lives of individuals grappling with severe mental illnesses. Their mission focuses on improving the quality of life for those living with conditions such as schizophrenia, schizoaffective disorder, bipolar disorder, or major depression. By overseeing HUD housing, Gateway Apartments Inc creates a supportive environment for its residents, aiming to provide them with a sense of stability and well-being. Their ultimate goal is to empower these individuals to live fulfilling lives despite their mental health challenges.
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Impact
June, 2024
Gateway Apartments Inc provides supervised HUD housing for individuals living with major mental illnesses such as schizophrenia, schizoaffective disorder, bipolar disorder, or major depression. By offering a safe and supportive environment, Gateway Apartments aims to improve the quality of life for those in need in Greenville, SC. Through their mission to enhance the lives of individuals with mental illness, Gateway Apartments Inc positively impacts the community by providing essential housing and support services to those facing significant challenges related to their mental health.
This information is meant to be a general summary of Gateway Apartments 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.
- Investment Income: $179
- Program Service Revenue: $72,487
- Gross Receipts: $72,666
Assets and Liabilities:
- Total Assets: $469,230
- Total Liabilities: $820,265
- Net Assets: -$351,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,575
LAUNDRY/VENDING REVENU
Revenue
$912
Organization Details
Founding Year
1992
Phone
(864) 242-9193Principal Officer
Randy Redlinger
Main Address
423 CROFT STREET, GREENVILLE, SC, 29609
NTEE Category
Code: F33 - Mental health
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