Overview
What is Gateway Homeless Coalition Inc?
Gateway Homeless Coalition Inc is a nonprofit organization situated in Morehead, Kentucky. Their primary mission is to offer temporary emergency shelter services and rapid rehousing financial assistance to individuals and families in need, specifically in Bath, Menifee, Montgomery, Morgan, and Rowan Counties. Their assistance encompasses shelter, food, case management, rental assistance, security, and utility deposit aid. Furthermore, they provide advocacy to support their clients in navigating their housing situations. The organization's dedicated workforce comprises seven individuals, working tirelessly to make a difference in the lives of those in need of housing support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Gateway Homeless Coalition Inc has achieved a commendable Three-Star rating from Charity Navigator, indicating a solid level of accountability and transparency within its operations. The organization scored 79 in Accountability & Finance and 80 in Impact & Measurement, suggesting effective management of resources and a focus on evaluating its impact on the community. The Program Expense Ratio stands at 87.64%, reflecting a strong commitment to directing funds towards its programs rather than administrative costs.
The organization demonstrates robust governance practices with a fully independent board of directors, consisting of eight members. This independence is crucial for effective oversight and decision-making. Furthermore, Gateway Homeless Coalition has established policies for conflict of interest, whistleblower protections, and document retention, which can enhance its operational integrity and accountability to stakeholders.
While the overall financial health is positive, highlighted by a low liabilities to assets ratio of 2.57%, the organization could work on improving certain areas to further strengthen its rating. However, its strong emphasis on impact evaluation and independent oversight suggests that it is on the right track to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Homeless Coalition Inc legitimate?
Gateway Homeless Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Homeless Coalition 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: $80,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,505
For more financial information, click here
What is the mission statement of Gateway Homeless Coalition Inc?
The Gateway Homeless Coalition Inc's mission is centered around providing temporary emergency shelter services and rapid rehousing for individuals and families in need. Their primary goal is to assist over 160 individuals and families, offering essential services such as shelter, food, case management, rental assistance, utility deposit aid, and security. Additionally, they provide advocacy to further support these vulnerable groups in their journey towards stable housing.
What is the revenue of Gateway Homeless Coalition Inc?
Gateway Homeless Coalition Inc's revenue in 2024 was $638,565.
Who are the executives of Gateway Homeless Coalition Inc and what are their salaries?
The average compensation at Gateway Homeless Coalition Inc during 2024 was $48,060. There are 6 employees at Gateway Homeless Coalition Inc.
Here are 9 key members and their salaries:
- Compensation: $74,375
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- Other: $0
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Where can I find the form 990 for Gateway Homeless Coalition Inc?
Gateway Homeless Coalition Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Gateway Homeless Coalition Inc
Gateway Homeless Coalition Inc is dedicated to providing vital support for individuals and families in need, specifically offering temporary emergency shelter services and rapid rehousing in Bath, Menifee, Montgomery, Morgan, and Rowan Counties. Their mission is to alleviate homelessness and facilitate a swift transition into permanent housing for these vulnerable populations. Through their services, they provide more than just a place to stay. They offer shelter, food, case management, rental assistance, security, and utility deposit assistance. Additionally, they extend their support with advocacy, ensuring their clients have the necessary resources and guidance to navigate their way out of homelessness. By providing these comprehensive services, Gateway Homeless Coalition Inc plays a crucial role in helping individuals and families regain stability and independence.
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Impact
July, 2024
Gateway Homeless Coalition Inc's impact is substantial as it provides temporary emergency shelter services and rapid rehousing for individuals and families in Bath, Menifee, Montgomery, Morgan, and Rowan counties. The organization has provided these crucial services to over 160 individuals and families, offering shelter, food, case management, rental assistance, security and utility deposit assistance, as well as advocacy. This has made a significant difference in the lives of those facing homelessness in the community, helping them transition towards stable housing and a better future.
This information is meant to be a general summary of Gateway Homeless Coalition 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 2024.
- Investment Income: $2,049
- Gross Receipts: $638,565
Assets and Liabilities:
- Total Assets: $785,912
- Total Liabilities: $20,261
- Net Assets: $765,651
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Organization Details
Founding Year
1991
Principal Officer
Marilyn Lewis Smith
NTEE Category
Code: P20Z - Human services
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