Gateway Demonstration Assistance Corporation
- Assets
- $54.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-4298646
Organization Overview
Gateway Demonstration Assistance Corporation is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Gateway Demonstration Assistance Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Demonstration Assistance Corporation 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 12/2021, Gateway Demonstration Assistance Corporation generated $124.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.4%) each year. All expenses for the organization totaled $276.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM NEW YORK CITY'S HOMELESS SHELTER SYSTEM INTO AN EFFECTIVE, EVIDENCE-BASED INVERVENTION THAT ASSISTS HOMELESS PEOPLE TO BECOME MORE INDEPENDENT AND INTEGRATED INTO THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3
GATEWAY HOUSINGS GOAL IS NOTHING LESS THAN TO INITIATE A FUNDAMENTAL SHIFT AWAY FROM NEW YORKS CURRENT "ONE-SIZE-FITS-ALL" EMERGENCY HOMELESS RESPONSE. WITH SUCCESS, GATEWAY HOUSINGS TRANSFORMATION OF THE SHELTER SYSTEM WILL HAVE NATIONAL IMPLICATIONS. GATEWAYS COMPREHENSIVE, ANTI-POVERTY APPROACH WILL:-IMPROVE A SHELTER SYSTEM BADLY IN NEED OF REPAIR-CREATE NEW PERMANENT AFFORDABLE HOUSING UNITS-STRENGTHEN NEIGHBORHOODS WITH NEW ON-SITE COMMUNITY-BASED SUPPORTS-ESTABLISH AN ONGOING CAPITAL DEVELOPMENT PIPELINE WITH STANDARDIZEDFINANCING TERMS-DEVELOP AND TEST A CONSISTENT, REPLICABLE SERVICE PROGRAM THAT CAN ULTIMATELY BE ADOPTED SYSTEM WIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Houghton President | 40 | $204,470 | |
Joe Weisbord Chair | 1 | $0 | |
Eileen Torres Officer | 1 | $0 | |
Laura Mascuch Secretary | 1 | $0 | |
Cris Parque Officer | 1 | $0 | |
Christine Quinn Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,456 |
| Total Program Service Revenue | $42,850 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,306 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $241,313 |
| Professional fees and other payments to independent contractors | $28,985 |
| Occupancy, rent, utilities, and maintenance | $1,636 |
| Printing, publications, postage, and shipping | $2,701 |
| Other expenses | $1,012 |
| Total expenses | $276,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,240 |
| Other assets | $0 |
| Total assets | $54,240 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,240 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gateway Demonstration Assistance Corporation has recieved totaling $143,000.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: GENERAL | $93,000 |
Altman Foundation New York, NY PURPOSE: TO SUPPORT EFFORTS TO PROMOTE HOUSING DEVELOPMENT MODELS THAT INTEGRATE TEMPORARY SHELTER AND PERMANENT HOUSING | $50,000 |
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|---|---|---|
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