Gatesway Residential Alternatives Inc
EIN: 731511972 · Bartlesville, OK · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $150K |
| Net Assets | $-518,021 |
Is Gatesway Residential Alternatives Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gatesway Residential Alternatives Inc
Gatesway Residential Alternatives Inc (EIN: 731511972) is a nonprofit organization based in Bartlesville, OK, classified under NTEE code P73. The organization reported total revenue of $137K and total assets of $499K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gatesway Residential Alternatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gatesway Residential Alternatives Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $150K |
| Surplus / Deficit | $-30,508 |
| Total Assets | $495K |
| Total Liabilities | $1.0M |
| Net Assets | $-518,021 |
| Operating Margin | -25.4% |
| Debt-to-Asset Ratio | 204.7% |
| Months of Reserves | 39.5 months |
Financial Health Grade: C
In 2024, Gatesway Residential Alternatives Inc reported a deficit of $31K with expenses exceeding revenue, holds 39.5 months of operating reserves (strong position), has a debt-to-asset ratio of 204.7% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Gatesway Residential Alternatives Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.5% | -3.5% | -6.3% |
| 2023 | +2.5% | +19.6% | -6.1% |
| 2022 | +3.1% | -7.0% | -2.0% |
| 2021 | -1.5% | +0.2% | -6.8% |
| 2020 | -3.4% | -2.4% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gatesway Residential Alternatives Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gatesway Residential Alternatives Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 204.7%.
Frequently Asked Questions about Gatesway Residential Alternatives Inc
Is Gatesway Residential Alternatives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gatesway Residential Alternatives Inc (EIN: 731511972) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gatesway Residential Alternatives Inc spend its money?
Detailed spending breakdown data is not yet available for Gatesway Residential Alternatives Inc. Check back for updated IRS 990 analysis.
Are donations to Gatesway Residential Alternatives Inc tax-deductible?
Gatesway Residential Alternatives Inc is registered as a tax-exempt nonprofit (EIN: 731511972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gatesway Residential Alternatives Inc located?
Gatesway Residential Alternatives Inc is headquartered in Bartlesville, Oklahoma and files with the IRS under EIN 731511972. It is classified under NTEE code P73.
How many years of IRS 990 filings does Gatesway Residential Alternatives Inc have?
Gatesway Residential Alternatives Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $137K in total revenue.
Filing History
IRS 990 filing history for Gatesway Residential Alternatives Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Gatesway Residential Alternatives Inc's revenue has grown by 10.1%, moving from $109K to $120K. Total assets decreased by 35.9% over the same period, from $772K to $495K. Total functional expenses fell by 2.2%, from $154K to $150K. In its most recent filing year (2024), Gatesway Residential Alternatives Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $495K in assets (debt-to-asset ratio: 204.7%), resulting in net assets of $-518,021.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $120K | $150K | $495K | $1.0M | — | View 990 |
| 2023 | $120K | $156K | $528K | $1.0M | — | — |
| 2022 | $118K | $130K | $562K | $1.0M | — | View 990 |
| 2021 | $114K | $140K | $574K | $1.0M | — | — |
| 2020 | $116K | $140K | $616K | $1.0M | — | View 990 |
| 2019 | $120K | $143K | $623K | $1.0M | — | View 990 |
| 2018 | $105K | $127K | $658K | $1.0M | — | — |
| 2017 | $103K | $123K | $675K | $1.0M | — | View 990 |
| 2016 | $108K | $129K | $689K | $1.0M | — | View 990 |
| 2015 | $103K | $122K | $726K | $1.0M | — | View 990 |
| 2014 | $105K | $122K | $727K | $1.0M | — | View 990 |
| 2013 | $106K | $113K | $745K | $1.0M | — | View 990 |
| 2012 | $109K | $154K | $772K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $120K, expenses of $150K, and assets of $495K (revenue -0.5% year-over-year).
- 2023: Revenue of $120K, expenses of $156K, and assets of $528K (revenue +2.5% year-over-year).
- 2022: Revenue of $118K, expenses of $130K, and assets of $562K (revenue +3.1% year-over-year).
- 2021: Revenue of $114K, expenses of $140K, and assets of $574K (revenue -1.5% year-over-year).
- 2020: Revenue of $116K, expenses of $140K, and assets of $616K (revenue -3.4% year-over-year).
- 2019: Revenue of $120K, expenses of $143K, and assets of $623K (revenue +13.8% year-over-year).
- 2018: Revenue of $105K, expenses of $127K, and assets of $658K (revenue +2.0% year-over-year).
- 2017: Revenue of $103K, expenses of $123K, and assets of $675K (revenue -4.5% year-over-year).
- 2016: Revenue of $108K, expenses of $129K, and assets of $689K (revenue +5.4% year-over-year).
- 2015: Revenue of $103K, expenses of $122K, and assets of $726K (revenue -2.1% year-over-year).
- 2014: Revenue of $105K, expenses of $122K, and assets of $727K (revenue -1.4% year-over-year).
- 2013: Revenue of $106K, expenses of $113K, and assets of $745K (revenue -2.3% year-over-year).
- 2012: Revenue of $109K, expenses of $154K, and assets of $772K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gatesway Residential Alternatives Inc:
Data Sources and Methodology
This transparency report for Gatesway Residential Alternatives Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.