Gateway Community Development Corp
Gateway Community Development Corp consistently operates at a deficit, with expenses exceeding revenue in recent years, despite growing assets and liabilities.
EIN: 203771819 · Yazoo City, MS · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $855K |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.8M |
| Transparency Score | 65/100 |
Is Gateway Community Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway Community Development Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway Community Development Corp
Gateway Community Development Corp (EIN: 203771819) is a nonprofit organization based in Yazoo City, MS, classified under NTEE code P20. The organization reported total revenue of $855K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Community Development Corp is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $747K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-407,677 |
| Total Assets | $4.0M |
| Total Liabilities | $2.2M |
| Net Assets | $1.8M |
| Operating Margin | -54.6% |
| Debt-to-Asset Ratio | 54.4% |
| Months of Reserves | 41.6 months |
Financial Health Grade: C
In 2023, Gateway Community Development Corp reported a deficit of $408K with expenses exceeding revenue, holds 41.6 months of operating reserves (strong position), has a debt-to-asset ratio of 54.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gateway Community Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 43.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.7% | -7.7% | +225.9% |
| 2022 | -33.9% | -3.2% | +1.3% |
| 2021 | +6.7% | +4.1% | -11.0% |
| 2020 | +69.3% | +80.5% | -4.3% |
| 2019 | +94.2% | +173.3% | -10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gateway Community Development Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gateway Community Development Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $408K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with assets over $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gateway Community Development Corp's IRS 990 filings:
- Consistent operational deficits (e.g., $407,677 deficit in 2023).
- Significant and rapid increase in liabilities (from $545,641 in 2019 to $2,176,822 in 2023).
- Inconsistent revenue streams, with significant fluctuations year-over-year (e.g., $490,126 in 2019 vs. $885,399 in 2021).
Strengths
The following positive indicators were identified for Gateway Community Development Corp:
- Zero reported officer compensation, indicating a commitment to minimizing executive pay.
- Significant growth in assets over time, reaching $4,003,076 in 2023.
- Long filing history (13 filings), suggesting sustained operation.
Frequently Asked Questions about Gateway Community Development Corp
Is Gateway Community Development Corp a legitimate charity?
Gateway Community Development Corp (EIN: 203771819) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $855K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Gateway Community Development Corp spend its money?
Gateway Community Development Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gateway Community Development Corp tax-deductible?
Gateway Community Development Corp is registered as a tax-exempt nonprofit (EIN: 203771819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gateway Community Development Corp CEO make?
Gateway Community Development Corp's highest-compensated officer earns $4 annually. The organization reported $855K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gateway Community Development Corp's spending goes to programs?
Gateway Community Development Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateway Community Development Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gateway Community Development Corp is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateway Community Development Corp located?
Gateway Community Development Corp is headquartered in Yazoo City, Mississippi and files with the IRS under EIN 203771819. It is classified under NTEE code P20.
How many years of IRS 990 filings does Gateway Community Development Corp have?
Gateway Community Development Corp 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 $855K in total revenue.
How does Gateway Community Development Corp fund its operational deficits?
The organization consistently reports expenses exceeding revenue, suggesting it relies on prior year surpluses, grants with delayed recognition, or increasing liabilities to cover operational costs. For example, in 2023, expenses were $1,154,760 while revenue was $747,083, leading to a $407,677 deficit.
What is the nature of the significant increase in liabilities?
Liabilities have surged from $545,641 in 2019 to $2,176,822 in 2023. This substantial increase warrants further investigation to understand if it's due to program-related debt, deferred revenue, or other financial obligations.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that leadership may be entirely volunteer-based, compensated through other entities, or that compensation is not reported in this specific section of the 990.
Filing History
IRS 990 filing history for Gateway Community Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gateway Community Development Corp's revenue has grown by 7288.1%, moving from $10K to $747K. Total assets increased by 7801.8% over the same period, from $51K to $4.0M. Total functional expenses rose by 4845.2%, from $23K to $1.2M. In its most recent filing year (2023), Gateway Community Development Corp reported a deficit of $408K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $4.0M in assets (debt-to-asset ratio: 54.4%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $747K | $1.2M | $4.0M | $2.2M | — | — |
| 2022 | $585K | $1.3M | $1.2M | $1.8M | — | View 990 |
| 2021 | $885K | $1.3M | $1.2M | $1.1M | — | View 990 |
| 2020 | $830K | $1.2M | $1.4M | $874K | — | — |
| 2019 | $490K | $687K | $1.4M | $546K | — | View 990 |
| 2018 | $252K | $252K | $1.6M | $516K | — | View 990 |
| 2017 | $262K | $205K | $1.7M | $638K | — | View 990 |
| 2016 | $731K | $274K | $1.0M | $21K | — | View 990 |
| 2015 | $180K | $131K | $570K | $22K | — | View 990 |
| 2014 | $473K | $22K | $501K | $0 | — | View 990 |
| 2013 | $10K | $3K | $51K | $0 | — | View 990 |
| 2012 | $19 | $7K | $43K | $0 | — | View 990 |
| 2011 | $10K | $23K | $51K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $747K, expenses of $1.2M, and assets of $4.0M (revenue +27.7% year-over-year).
- 2022: Revenue of $585K, expenses of $1.3M, and assets of $1.2M (revenue -33.9% year-over-year).
- 2021: Revenue of $885K, expenses of $1.3M, and assets of $1.2M (revenue +6.7% year-over-year).
- 2020: Revenue of $830K, expenses of $1.2M, and assets of $1.4M (revenue +69.3% year-over-year).
- 2019: Revenue of $490K, expenses of $687K, and assets of $1.4M (revenue +94.2% year-over-year).
- 2018: Revenue of $252K, expenses of $252K, and assets of $1.6M (revenue -3.6% year-over-year).
- 2017: Revenue of $262K, expenses of $205K, and assets of $1.7M (revenue -64.2% year-over-year).
- 2016: Revenue of $731K, expenses of $274K, and assets of $1.0M (revenue +305.5% year-over-year).
- 2015: Revenue of $180K, expenses of $131K, and assets of $570K (revenue -61.8% year-over-year).
- 2014: Revenue of $473K, expenses of $22K, and assets of $501K (revenue +4626.2% year-over-year).
- 2013: Revenue of $10K, expenses of $3K, and assets of $51K (revenue +52531.6% year-over-year).
- 2012: Revenue of $19, expenses of $7K, and assets of $43K (revenue -99.8% year-over-year).
- 2011: Revenue of $10K, expenses of $23K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Community Development Corp:
Data Sources and Methodology
This transparency report for Gateway Community Development Corp 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.