Gateway Homes
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Gateway Homes meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to provide a transitional supportive living residence for individuals with serious mental illness, who need support and services in order to move toward independence in the community."
Year, State Incorporated:
1983, VA
Gateway Homes reports that it works to provide community-based mental health intervention for individuals living with serious mental illness who might otherwise be subject to homelessness, institutionalization, or incarceration. The organization’s services are available to socioeconomically disadvantaged adults and adolescents following acute psychiatric intervention. Gateway Homes partners with the Commonwealth of Virginia, county and local governments, and publicly funded state universities to further address the needs of impoverished individuals who are ready to return to the community following acute or long-term institutionalization experiences. The organization reports providing trauma-informed person-centered care aiming for clients to acquire the skills and resources needed to remain psychiatrically stable, reach their identified vocational and educational goals, and ultimately make a successful transition into the community. In 2023, Gateway Homes reported it served 425 individuals through 6,942 therapeutic groups and 1,425 one-to-one therapy appointments.
For the year ended September 30, 2023, Gateway Homes's program expenses were:
| Program services | $15,159,807 |
| Total Program Expenses | $15,159,807 |
Chief Executive
Lynda Hyatt, Ph.D., Chief Executive Officer
Compensation*
$240,910
Chair of the Board
L. Thompson Hanes
Chair's Profession / Business Affiliation
Retired Attorney
Board Size
14
Paid Staff Size
330
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Radio
Fundraising costs were 8% of related contributions. (Related contributions, which totaled $4,752,751, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Gateway Homes's audited financial statements for the year ended September 30, 2023.
Source of Funds
| Miscellaneous income | $78,304 |
| Federal housing assistance | $93,400 |
| Contributions | $149,692 |
| Investment income, net | $220,734 |
| Grants | $336,140 |
| Employee retention credit | $4,173,519 |
| Resident fees | $15,955,316 |
| Total Income | $21,007,105 |
Programs: 87% Fundraising: 2% Administrative: 11%
| Total Income | $21,007,105 |
| Total expenses: | $17,485,838 |
| Program expenses | $15,159,807 |
| Fundraising expenses | $399,067 |
| Administrative expenses | $1,926,964 |
| Other expenses | $0 |
| Income in Excess of Expenses | $3,521,267 |
| Beginning Net Assets | $6,718,575 |
| Other Changes In Net Assets | $204,870 |
| Ending Net Assets | $10,397,694 |
| Total Liabilities | $4,259,650 |
| Total Assets | $14,657,344 |
Note: In the above financial section, "other changes in net assets" refers to a change in value of a charitable gift annuity obligation ($181,361) and a loss on accounts receivable ($23,509).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance