Keygate Manor Inc

Keygate Manor Inc. consistently operates at a deficit, with declining assets and high liabilities over the past decade.

EIN: 201745730 · Blacklick, OH · NTEE: L21 · Updated: 2026-03-28

$694KRevenue

$3.2MAssets

45/100Mission Score (Fair)

L21

About Keygate Manor Inc

Keygate Manor Inc (EIN: 201745730) is a nonprofit organization based in Blacklick, OH, classified under NTEE code L21. The organization reported total revenue of $694K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keygate Manor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Keygate Manor Inc. exhibits a concerning financial trend, consistently operating at a deficit over the past decade. For instance, in 2023, expenses of $763,960 significantly outstripped revenue of $669,381, resulting in a net loss. This pattern of spending more than it earns has led to a steady decline in assets, from $4,511,006 in 2014 to $3,402,891 in 2023, while liabilities have remained stubbornly high, often exceeding assets. The organization's financial health appears precarious, with a negative net asset position indicating that its liabilities outweigh its assets.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent operating deficits suggest that current revenue streams are insufficient to cover operational costs, regardless of how efficiently funds are allocated. The absence of reported officer compensation is a positive indicator of cost control at the executive level, but it doesn't offset the broader financial challenges.

Transparency appears adequate in terms of filing IRS Form 990s consistently. However, the financial data itself raises questions about long-term sustainability. The organization's ability to continue its mission is threatened by its persistent negative financial performance and declining asset base. A strategic review of revenue generation and expense management is critical for its future viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Keygate Manor Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Keygate Manor Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Keygate Manor Inc. reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to its officers, which is a positive for minimizing overhead costs at the executive level.

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 Keygate Manor Inc's IRS 990 filings:

Consistent operating deficits (e.g., $763,960 expenses vs. $669,381 revenue in 2023)
Declining asset base over time (from $4,511,006 in 2014 to $3,402,891 in 2023)
Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $5,114,231 liabilities vs. $3,402,891 assets in 2023)
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.

Strengths

The following positive indicators were identified for Keygate Manor Inc:

Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
No reported officer compensation, indicating cost control at the executive level.

Frequently Asked Questions about Keygate Manor Inc

Is Keygate Manor Inc. financially sustainable?

Based on the consistent operating deficits (e.g., $763,960 expenses vs. $669,381 revenue in 2023) and declining assets, the organization's financial sustainability is questionable without significant changes to its financial model.

Why are liabilities consistently higher than assets?

The filings show liabilities consistently exceeding assets (e.g., $5,114,231 liabilities vs. $3,402,891 assets in 2023), indicating a negative net asset position, which is a significant financial concern and suggests the organization is technically insolvent.

What is the primary cause of the annual deficits?

The primary cause of the annual deficits is that total expenses consistently exceed total revenue. For example, in 2022, expenses were $806,839 while revenue was $634,535, leading to a $172,304 deficit.

Filing History

IRS 990 filing history for Keygate Manor Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Keygate Manor Inc's revenue has grown by 24.5%, moving from $538K to $669K. Total assets decreased by 24.2% over the same period, from $4.5M to $3.4M. Total functional expenses rose by 45.3%, from $526K to $764K. In its most recent filing year (2023), Keygate Manor Inc reported a deficit of $95K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $3.4M in assets (debt-to-asset ratio: 150.3%), resulting in net assets of $-1,711,340.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$669K	$764K	$3.4M	$5.1M	—	—
2022	$635K	$807K	$3.5M	$5.1M	—	View 990
2021	$660K	$780K	$3.7M	$5.1M	—	View 990
2020	$640K	$764K	$3.8M	$5.1M	—	View 990
2019	$643K	$760K	$4.0M	$5.2M	—	View 990
2018	$642K	$849K	$4.1M	$5.2M	—	View 990
2017	$643K	$845K	$4.2M	$5.1M	—	View 990
2016	$638K	$714K	$4.4M	$5.0M	—	View 990
2015	$645K	$683K	$4.5M	$5.0M	—	View 990
2014	$629K	$633K	$4.5M	$5.0M	—	View 990
2013	$615K	$583K	$4.5M	$5.0M	—	View 990
2012	$612K	$565K	$4.5M	$5.0M	—	View 990
2011	$538K	$526K	$4.5M	$5.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $669K, expenses of $764K, and assets of $3.4M (revenue +5.5% year-over-year).
2022: Revenue of $635K, expenses of $807K, and assets of $3.5M (revenue -3.8% year-over-year).
2021: Revenue of $660K, expenses of $780K, and assets of $3.7M (revenue +3.1% year-over-year).
2020: Revenue of $640K, expenses of $764K, and assets of $3.8M (revenue -0.4% year-over-year).
2019: Revenue of $643K, expenses of $760K, and assets of $4.0M (revenue +0.1% year-over-year).
2018: Revenue of $642K, expenses of $849K, and assets of $4.1M (revenue -0.2% year-over-year).
2017: Revenue of $643K, expenses of $845K, and assets of $4.2M (revenue +0.7% year-over-year).
2016: Revenue of $638K, expenses of $714K, and assets of $4.4M (revenue -1.1% year-over-year).
2015: Revenue of $645K, expenses of $683K, and assets of $4.5M (revenue +2.5% year-over-year).
2014: Revenue of $629K, expenses of $633K, and assets of $4.5M (revenue +2.2% year-over-year).
2013: Revenue of $615K, expenses of $583K, and assets of $4.5M (revenue +0.4% year-over-year).
2012: Revenue of $612K, expenses of $565K, and assets of $4.5M (revenue +13.9% year-over-year).
2011: Revenue of $538K, expenses of $526K, and assets of $4.5M.

Data Sources and Methodology

This transparency report for Keygate Manor 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.