Overview
What is Gateway Apartments Inc?
Gateway Apartments Inc is a nonprofit organization based in Jacksonville, Arkansas, specifically at PO Box 647. It operates a sixteen-unit group home for individuals with developmental disabilities, providing them with living and self-help skills training to empower them to live independently within their community. Funding for construction was obtained through the Section 811 Capital Advance Program from the U.S. Department of Housing and Urban Development (HUD). HUD also supplements the rentals of the residents and requires them to pay a rental amount, which is either approximately thirty percent of their adjusted income or a flat rental fee determined by HUD. The mission of Gateway Apartments Inc is to offer a supportive environment for individuals with developmental disabilities, enabling them to lead more independent lives.
Official website here: www.pathfinderinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
Gateway Apartments Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization scored 90% in its Accountability & Finance category, indicating a solid management of resources and adherence to best practices in governance.
Key strengths include a fully independent board with ten members, no material diversion of assets, and comprehensive policies in place, such as conflict of interest and whistleblower protections. The organization also demonstrates fiscal responsibility with a program expense ratio of 81.84%, ensuring that a significant portion of funds directly supports its mission.
While the overall rating is excellent, the focus on financial metrics means that potential donors should consider the operational impact and effectiveness of the programs offered by Gateway Apartments Inc. Nonetheless, the robust score highlights the organization’s commitment to maintaining high standards of accountability.
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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,604
For more financial information, click here
Official website here: www.pathfinderinc.org
What is the mission statement of Gateway Apartments Inc?
Gateway Apartments Inc serves as a sixteen-unit group home for individuals with developmental disabilities. Their primary objective is to provide residents with living and self-help skills training, enabling them to live independently within their community. The organization obtained funding for construction through the Section 811 Capital Advance Program from the HUD. In addition to these funds, HUD supplements the rentals of the residents and requires them to pay a rental amount, which is approximately thirty percent of their adjusted income or a flat rental fee determined by HUD.
Official website here: www.pathfinderinc.org
What is the revenue of Gateway Apartments Inc?
Gateway Apartments Inc's revenue in 2023 was $66,915.
Official website here: www.pathfinderinc.org
Who are the executives of Gateway Apartments Inc and what are their salaries?
There 10 volunteers at Gateway Apartments Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $150,565
- Other: $21,642
- Compensation: $0
- Related: $103,576
- Other: $26,238
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pathfinderinc.org
Where can I find the form 990 for Gateway Apartments Inc?
Gateway Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pathfinderinc.org
Learn more at the official website: www.pathfinderinc.org
Mission Statement of Gateway Apartments Inc
Gateway Apartments Inc is a sixteen-unit group home dedicated to supporting individuals with developmental disabilities. The primary mission of this organization is to equip its residents with the necessary living and self-help skills, enabling them to live independently within their community. Funds for the construction of this facility were obtained through the Section 811 Capital Advance Program from HUD. In addition to these funds, HUD also supplements the rentals of the residents, requiring them to pay a rental amount that is approximately thirty percent of their adjusted income or a flat rental fee determined by HUD. This nonprofit organization provides a safe and supportive environment for individuals with developmental disabilities, equipping them with the skills and resources needed to lead independent lives.
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Impact
August, 2024
Gateway Apartments Inc provides a vital service by offering a sixteen-unit group home for individuals with developmental disabilities in Jacksonville, Arkansas. Residents at Gateway Apartments receive essential skills training that empowers them to live independently within the community. The organization's mission focuses on enhancing the quality of life for individuals with developmental disabilities by equipping them with living and self-help skills.
Through the utilization of Section 811 Capital Advance Program funds obtained from HUD for construction, Gateway Apartments ensures a safe and supportive environment for its residents. Additionally, HUD supplements the rentals of the residents, making housing more affordable, and requires residents to contribute a rental amount based on their income. This financial model helps ensure that the residents' housing costs are manageable, fostering their independence and stability.
Overall, Gateway Apartments Inc's impact lies in its dedication to providing a nurturing and empowering environment for individuals with developmental disabilities, enabling them to lead fulfilling lives within the community.
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 2023.
- Investment Income: $337
- Program Service Revenue: $53,817
- Gross Receipts: $66,915
Assets and Liabilities:
- Total Assets: $408,486
- Total Liabilities: $153,872
- Net Assets: $254,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$53,817
Organization Details
Founding Year
1992
Principal Officer
James C Green
Website
www.pathfinderinc.orgNTEE Category
Code: P82Z - Human services
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