24 7 Gateway Llc
- Assets
- $7.7m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 261
- Location
- Atlanta, GA
- Founding
- 06/2008
- Data as of
- 06/2021
- EIN
- 26-1193832
Organization Overview
24 7 Gateway Llc is located in Atlanta, GA. The organization was established in 2008. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, 24 7 Gateway Llc employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 24 7 Gateway Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, 24 7 Gateway Llc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $9.1m during the year ending 06/2021. While expenses have increased by 22.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GATEWAY CENTER WORKS TO END HOMELESSNESS, AND PARTICULARLY CHRONIC HOMELESSNESS, BY PROVIDING THE SUPPORT AND FRAMEWORK PEOPLE NEED TO ACHIEVE SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
GATEWAY CENTER HAS BEEN ACTIVELY INVOLVED IN THE DEVELOPMENT OF THE PROGRAM IMPLEMENTATION AND STAFFING OF TWO RECENT INITIATIVES IN ATLANTA THAT USED HOTELS AS SHELTER. OUR STAFF HANDLES RECRUITMENT, ONBOARDING, AND TRAINING OF PERSONNEL TO WORK IN THE HOTEL SHELTERS. GATEWAY CENTER PROVIDED STAFFING OVERSIGHT FOR THE RESIDENTIAL ADVISORS, RESIDENTIAL ADVISOR LEADS, AND QUALITY ASSURANCE OFFICERS AT THE NON-CONGREGATE AND ISOLATION HOTELS.
GATEWAY CENTER, IN PARTNERSHIP WITH UNITED WAY AND THE CITY OF ATLANTA, PROVIDED ASSISTANCE WITH RENT, UTILITIES, MORTGAGES, AND SECURITY DEPOSITS TO HOUSEHOLDS WITHIN THE CITY OF ATLANTA WHO EXPERIENCED A FINANCIAL HARDSHIP DUE TO THE COVID-19 PANDEMIC.
THE EVOLUTION CENTER WAS LAUNCHED ON DECEMBER 6, 2017, WITH FUNDING PROVIDED BY PARTNERS FROM HOME, TO ADDRESS THE NEEDS OF ATLANTA'S CHRONICALLY HOMELESS IN NEED OF A LOW BARRIER SHELTER OPTION. EVOLUTION CENTER PROVIDES EMOTIONAL AND PHYSICAL SUPPORT FOR MEN WHO ARE EXPERIENCING HOMELESSNESS. GATEWAY CENTER'S EVOLUTION CENTER IS A LOW BARRIER SHELTER PROGRAM DESIGNED TO PROVIDE RAPID ACCESS TO SAFE SHELTER THAT IS VOLUNTARY 24 HOURS PER DAY, 7 DAYS PER WEEK. THE GOAL OF THIS PROGRAM IS PROVIDE SHELTER BEDS TO THOSE INDIVIDUALS WHO NEED IT MOST (NOT LIMITED TO) WITH PRIORITY ON THOSE INDIVIDUALS THAT ARE MOST ACUTE AND HAVE THE HIGHEST NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raphael Holloway Chief Executive Officer | Officer | 40 | $176,830 |
Monique Williams Chief Financial Officer | Officer | 40 | $119,206 |
Matha Reich Cheif Development Officer | 40 | $109,465 | |
Calvin Ward Board Member | Trustee | 2 | $0 |
Mary T Benton Board Member | Trustee | 2 | $0 |
Keith Evans Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Champion Security Security Services | 6/29/21 | $255,650 |
Watchmen Protective Services Security Services | 6/29/21 | $195,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $400,000 |
| Membership dues | $0 |
| Fundraising events | $266,386 |
| Related organizations | $0 |
| Government grants | $81,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $753,511 |
| Noncash contributions included in lines 1a–1f | $7,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,501,516 |
| Total Program Service Revenue | $6,603,154 |
| Investment income | $10,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$177,458 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,328,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,068,728 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,825 |
| Compensation of current officers, directors, key employees. | $12,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,747,817 |
| Pension plan accruals and contributions | $66,148 |
| Other employee benefits | $505,086 |
| Payroll taxes | $428,517 |
| Fees for services: Management | $23,993 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,022 |
| Advertising and promotion | $32,169 |
| Office expenses | $187,890 |
| Information technology | $139,114 |
| Royalties | $0 |
| Occupancy | $439,099 |
| Travel | $587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $411,718 |
| Insurance | $146,532 |
| All other expenses | $0 |
| Total functional expenses | $9,074,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,597 |
| Savings and temporary cash investments | $708,163 |
| Pledges and grants receivable | $683,203 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,127 |
| Net Land, buildings, and equipment | $4,361,304 |
| Investments—publicly traded securities | $1,260,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,682,013 |
| Accounts payable and accrued expenses | $986,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $986,386 |
| Net assets without donor restrictions | $6,255,719 |
| Net assets with donor restrictions | $439,908 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,682,013 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 24 7 Gateway Llc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Aec Trust Wilmington, DE PURPOSE: TRINITY WOMEN'S CENTER | $25,000 |
Endowment Analysis
| Beg. Balance | $1,197,697 |
| Net Contributions | $462,136 |
| Other Expense | $704,925 |
| Ending Balance | $954,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Rescur Mission Broward Outreach Centers Inc Miami, FL | $28,818,894 | $17,146,687 |
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Lords Place Inc West Palm Beach, FL | $31,681,290 | $13,733,660 |
St Matthews House Inc Naples, FL | $47,342,847 | $18,573,834 |
Broward Partnership For The Homeless Inc Fort Lauderdale, FL | $11,825,164 | $15,103,298 |
Sundari Foundation Inc Miami Beach, FL | $10,261,561 | $14,225,346 |
Eastern Carolina Homelessness Organization Inc Myrtle Beach, SC | $3,922,932 | $13,355,938 |
One-Eighty Place Charleston, SC | $19,059,150 | $17,424,004 |
Waterfront Rescue Mission Inc Pensacola, FL | $22,275,311 | $19,399,994 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
Downtown Rescue Mission Inc Huntsville, AL | $14,737,773 | $10,441,439 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |