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Nonprofiteer
← GATEWAY QALICB INC

Form 990 for tax year 2023

Filed by GATEWAY QALICB INC.

Totals

Total revenue
$545,813
Total expenses
$855,113
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$545,813
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,094,442
Total liabilities, end of year
$12,128,246
Net assets or fund balances, end of year
-$1,033,804
Program services expenses (Part IX)
$855,113
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$855,113

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.

  • 2a · Program service revenue: RENTS FROM TENANTS

    total $292,355 · related or exempt $292,355

  • 2b · Program service revenue: RENTS FROM TENANTS - C

    total $232,587 · related or exempt $232,587

  • 2c · Program service revenue: OTHER RENT RELATED

    total $20,871 · related or exempt $20,871

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $16,786 · program services $16,786

  • 9 · Other employee benefits

    total $5,245 · program services $5,245

  • 10 · Payroll taxes

    total $319 · program services $319

  • 11a · Fees: management

    total $16,229 · program services $16,229

  • 11c · Fees: accounting

    total $9,944 · program services $9,944

  • 11g · Fees: other

    total $2,649 · program services $2,649

  • 12 · Advertising and promotion

    total $120 · program services $120

  • 13 · Office expenses

    total $68,123 · program services $68,123

  • 20 · Interest

    total $296,767 · program services $296,767

  • 22 · Depreciation, depletion and amortization

    total $328,658 · program services $328,658

  • 24a · Other expenses: NMTC FEE REIMBURSEMENT

    total $56,000 · program services $56,000

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $37,533 · program services $37,533

  • 24c · Other expenses: BAD DEBT

    total $8,775 · program services $8,775

  • 24d · Other expenses: UTILITIES

    total $7,965 · program services $7,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $138,804 · end of year $136,074

  • 2 · Savings and temporary cash investments

    beginning of year $230,450 · end of year $172,337

  • 4 · Accounts receivable

    beginning of year $29,944 · end of year $20,384

  • 9 · Prepaid expenses and deferred charges

    beginning of year $146,967 · end of year $137,321

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

    $10,422,141

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

    $861,136

  • 10c · Land, buildings and equipment, net

    beginning of year $9,885,577 · end of year $9,561,005

  • 14 · Intangible assets

    beginning of year $1,064,672 · end of year $1,067,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,067 · end of year -$2,478

  • 19 · Deferred revenue

    beginning of year $28,474 · end of year $8,404

  • 23 · Secured mortgages and notes payable

    beginning of year $10,684,427 · end of year $10,674,241

  • 25 · Other liabilities

    beginning of year $1,543,165 · end of year $1,448,079

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$773,719 · end of year -$1,033,804

Mission and programs · 2023

Mission

SUPPORT THE MISSION OF HUMAN SOLUTIONS, INC., TO OWN AND OPERATE MIXED-INCOME HOUSING AND LEASE COMMERCIAL SPACE IN PORTLAND, OREGON.

Activities or mission (Part I)

SUPPORT HUMAN SOLUTIONS, INC., TO OWN AND OPERATE MIXED-INCOME HOUSING AND LEASE COMMERCIAL SPACE.

  • SUPPORT THE MISSION OF HUMAN SOLUTIONS, INC., TO OWN AND OPERATE MIXED-INCOME HOUSING AND LEASE COMMERCIAL SPACE IN PORTLAND, OREGON.

    Expenses $855,113 · Revenue $545,813

As filed on the 2023 return.

Listed in Part VII

  • Andy Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tanja Lux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Schubert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349325244

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