Overview
What is Gateway Terrace Inc?
Gateway Terrace Inc is a church-affiliated, non-profit organization situated in Orlando, Florida. With a dedication to serving older adults, the organization operates a 150-unit facility, providing housing options for low-income elderly citizens under Section 8 and 202 of the National Housing Act. Their mission is centered around honoring the dignity, rights, self-respect, and independence of each resident, while ensuring responsible stewardship of their resources. Gateway Terrace Inc is committed to creating and preserving excellent residential facilities for the elderly, fostering an environment that upholds their well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Gateway Terrace Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 77%. This score reflects the organization's commitment to transparency and responsible financial practices, which are crucial for donor trust and engagement. The rating is derived entirely from their accountability and finance metrics, underscoring the importance of these areas in the nonprofit sector.
The organization demonstrates strong governance, with 80% of its board members being independent, which is a positive sign for its oversight and decision-making processes. Other strengths include the absence of material diversion of assets, a detailed conflict of interest policy, and a whistleblower policy, all of which contribute to its strong accountability framework. Additionally, Gateway Terrace Inc excels in its program expense ratio, allocating all of its expenses directly toward its programs, which indicates a strong focus on its mission.
However, while the financial health indicators are strong, the overall Three-Star rating suggests there may be room for improvement in other areas not captured in the current score. Continued emphasis on further enhancing operational transparency and effectiveness could help elevate its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Terrace Inc legitimate?
Gateway Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Terrace 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,434
For more financial information, click here
What is the mission statement of Gateway Terrace Inc?
Gateway Terrace Inc, a church-related, non-profit organization, is dedicated to providing exceptional residential facilities for older adults. Their mission is centered around honoring the dignity, rights, self-respect, and independence of each individual they serve. The organization is committed to responsible stewardship, recognizing the importance of using their resources effectively. Their goal is to create and preserve excellent living environments for older adults, upholding their basic human rights and fostering self-respect and independence.
Who is the CEO of Gateway Terrace Inc?
Henry T Keith is the Chairman/Pre of Gateway Terrace Inc.
What is the revenue of Gateway Terrace Inc?
Gateway Terrace Inc's revenue in 2022 was $1,038,558.
Who are the executives of Gateway Terrace Inc and what are their salaries?
The average compensation at Gateway Terrace Inc during 2022 was $37,604. There are 9 employees and 18 volunteers at Gateway Terrace Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $627,004
- Other: $12,206
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $531,910
- Other: $14,869
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gateway Terrace Inc?
Gateway Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Terrace Inc
Gateway Terrace Inc, a church-related, non-profit organization, is dedicated and committed to providing exceptional residential facilities for older adults. The organization's mission is grounded in the belief in honoring the dignity, rights, self-respect, and independence of each individual residing in its facilities. Gateway Terrace Inc is committed to a program of stewardship, recognizing the responsibility to use its resources wisely and effectively. This commitment to excellence and respect for the elderly is at the heart of Gateway Terrace Inc's mission to create and preserve living spaces that cater to the needs of older adults.
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Impact
July, 2024
Gateway Terrace Inc makes a significant impact by providing essential housing services for low-income elderly citizens. Their dedication to creating and maintaining excellent residential facilities demonstrates a strong commitment to honoring the dignity, rights, self-respect, and independence of each person they serve. By operating a 150-unit facility under Section 8 and 202 of the National Housing Act, Gateway Terrace Inc plays a crucial role in supporting the well-being and housing needs of the elderly population in Orlando, FL. Their mission-driven approach to stewardship and resource management ensures that they effectively utilize their resources to provide vital support to those in need.
This information is meant to be a general summary of Gateway Terrace 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: -$1,226
- Program Service Revenue: $1,039,746
- Gross Receipts: $1,039,841
Assets and Liabilities:
- Total Assets: $4,925,509
- Total Liabilities: $2,206,403
- Net Assets: $2,719,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET ROOM RENTAL
Revenue
$916,211
TENANT ASSISTANCE PMT
Revenue
$73,614
OTHER INCOME
Revenue
$49,921
Organization Details
Founding Year
1966
Phone
(407) 839-5050Principal Officer
Henry T Keith
Main Address
80 W LUCERNE CIRCLE, ORLANDO, FL, 32801
NTEE Category
Code: P750 - Human services
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