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Nonprofiteer
← GATEWAY TERRACE INC

Form 990 for tax year 2022

Filed by GATEWAY TERRACE INC.

What the amendment changed

Compared with the return it replaced , filed 11 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$1,520,482 changed to $1,520,477
Total assets, end of year
$4,794,503 changed to $4,794,505
Total liabilities, end of year
$2,549,913 changed to $2,549,910
Net assets or fund balances, end of year
$2,244,590 changed to $2,244,595
Program services expenses
$1,520,482 changed to $1,520,477
Program service expenses (Part III)
$1,520,482 changed to $1,520,477

Totals

Total revenue
$1,045,966
Total expenses
$1,520,477
Contributions and grants received
$234
Grants paid
$0
Program service revenue
$1,051,755
Investment income
-$6,023
Other revenue
$0
Total assets, end of year
$4,794,505
Total liabilities, end of year
$2,549,910
Net assets or fund balances, end of year
$2,244,595
Program services expenses (Part IX)
$1,520,477
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,520,477

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $234

  • 2a · Program service revenue: NET ROOM RENTAL

    total $953,474 · related or exempt $953,474

  • 2b · Program service revenue: TENANT ASSISTANCE PMT

    total $73,862 · related or exempt $73,862

  • 2c · Program service revenue: OTHER INCOME

    total $24,419 · related or exempt $24,419

  • 3 · Investment income

    total $49 · excluded $49

  • 7b · Less cost or other basis and sales expenses

    other assets $6,072

  • 7c · Gain or loss

    other assets -$6,072

  • 7d · Net gain or loss

    total -$6,072 · related or exempt -$6,072

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $401,027 · program services $401,027

  • 8 · Pension plan contributions

    total $6,549 · program services $6,549

  • 9 · Other employee benefits

    total $15,480 · program services $15,480

  • 10 · Payroll taxes

    total $20,386 · program services $20,386

  • 11a · Fees: management

    total $84,289 · program services $84,289

  • 11b · Fees: legal

    total $1,052 · program services $1,052

  • 11c · Fees: accounting

    total $5,188 · program services $5,188

  • 12 · Advertising and promotion

    total $3,964 · program services $3,964

  • 13 · Office expenses

    total $17,693 · program services $17,693

  • 16 · Occupancy

    total $258,219 · program services $258,219

  • 17 · Travel

    total $732 · program services $732

  • 19 · Conferences, conventions and meetings

    total $1,948 · program services $1,948

  • 20 · Interest

    total $47,992 · program services $47,992

  • 22 · Depreciation, depletion and amortization

    total $196,360 · program services $196,360

  • 23 · Insurance

    total $97,061 · program services $97,061

  • 24a · Other expenses: MAINTENANCE

    total $250,548 · program services $250,548

  • 24b · Other expenses: SUPPLIES - PROGRAM SERVIC

    total $75,710 · program services $75,710

  • 24c · Other expenses: TRASH COLLECTION

    total $19,779 · program services $19,779

  • 24d · Other expenses: OTHER

    total $10,099 · program services $10,099

  • 24e · All other expenses

    total $6,401 · program services $6,401

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,909 · end of year $8,147

  • 4 · Accounts receivable

    beginning of year $31,420 · end of year $75,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,366 · end of year $149,895

  • 10a · Land, buildings and equipment: cost or other basis

    $5,594,827

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,363,730

  • 10c · Land, buildings and equipment, net

    beginning of year $4,289,469 · end of year $4,231,097

  • 15 · Other assets

    beginning of year $534,345 · end of year $330,299

  • 17 · Accounts payable and accrued expenses

    beginning of year $540,018 · end of year $877,489

  • 19 · Deferred revenue

    beginning of year $3,196 · end of year $10,384

  • 24 · Unsecured notes and loans payable

    end of year $1,596,570

  • 25 · Other liabilities

    beginning of year $1,663,189 · end of year $65,467

  • 27 · Net assets without donor restrictions

    beginning of year $2,719,106 · end of year $2,244,595

Mission and programs · 2022

Mission

WE ARE A CHURCH RELATED, NON-PROFIT ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS BY CREATING AND PRESERVING EXCELLENT RESIDENTIAL FACILITIES. WE BELIEVE IN AND ARE COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WE ARE COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES THE RESPONSIBILITY TO USE OUR RESOURCES WELL.

  • PROVIDED HOUSING FOR THE LOW INCOME ELDERLY UNDER SECTION 8 AND 202 UNDER THE NATIONAL HOUSING ACT FOR LOW INCOME ELDERLY CITIZENS. THE ORGANIZATION OPERATES A 150 UNIT FACILITY.

    Expenses $1,520,477 · Revenue $1,051,755

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Hillenmeyer

    CHAIRMAN

    Total calculated
    $0

  • Terence Rogers

    CEO/PRESIDEN

    Total calculated
    $700,873
    From this org
    $0
    From related orgs
    $664,385
    Other
    $36,488

    Schedule J breakdown matched by us

    Base
    not reported + $568,283 related
    Bonus
    not reported + $76,309 related
    Other
    not reported + $19,793 related
    Deferred
    not reported + $24,156 related
    Nontaxable benefits
    not reported + $12,332 related
    Filer's total
    not reported + $700,873 related

  • Henry T Keith

    CFO/TREASUR/

    Total calculated
    $555,037
    From this org
    $0
    From related orgs
    $530,394
    Other
    $24,643

    Schedule J breakdown matched by us

    Base
    not reported + $454,118 related
    Bonus
    not reported + $50,447 related
    Other
    not reported + $25,829 related
    Deferred
    not reported + $13,663 related
    Nontaxable benefits
    not reported + $10,980 related
    Filer's total
    not reported + $555,037 related

  • Garry Hennis

    COO/EXECUTIV

    Total calculated
    $485,460
    From this org
    $0
    From related orgs
    $464,464
    Other
    $20,996

    Schedule J breakdown matched by us

    Base
    not reported + $399,639 related
    Bonus
    not reported + $42,266 related
    Other
    not reported + $22,559 related
    Deferred
    not reported + $10,016 related
    Nontaxable benefits
    not reported + $10,980 related
    Filer's total
    not reported + $485,460 related

  • Megan Faubel

    SECRETARY

    Total calculated
    $0

  • Linda Shelley

    DIRECTOR

    Total calculated
    $0

  • John Debevoise

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION (WESTMINSTER SERVICES, INC. 59-3614812) FOR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2025
IRS schema version
2022v5.0
Source object
202531329349304408

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