24 7 Gateway LLC

“Prior to July 1, 2008, the organization, a single member limited liability company, had been consolidated in the financial statements of the United Way of Metropolitan Atlanta, Inc. (UWMA), as a single member. Up until that time, the entity was operated under a management agreement with AUM Community Ministries, LLC. In June of 2008, the IRS issued a determination letter confirming the organization's 501(c)(3) status. As of June 30, 2008, the management agreement with AUM was terminated and management and governance of the organization was placed in an independent newly created Board of Directors. The Board is charged with managing the business and affairs of the organization and has the power to appoint other directors and fill vacancies. The Board hires and supervises the officers of the organization including the chief executive officer. The Board's decisions are not subject to approval by the sole member, but the sole member retains the power to remove or replace the Board and retains the power at law to approve any plan of dissolution, merger or disposition of all or substantially all of the assets and any amendments to the articles. No monetary consideration was exchanged in these transactions.”

“The process to review the Form 990 is detailed below: 1) Pre-990 meeting with external auditors and management. 2) Pre-990 meeting with Board, audit committee, management and external auditors to review process, answer questions. 3) External accountants prepare draft 990, requesting information from management as needed. 4) 1st 990 draft reviewed between internal management and external accountants. Corrections made where needed. 5) Final 990 draft presented to Board audit committee, executive director, and return preparer for review and action. 6) All directors receive a copy of the final 990 after filing.”

“Duty to Disclose: In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and must be given the opportunity to disclose all material facts to the Directors and members of committees with Board of Director delegated powers considering the proposed transaction or arrangement. Determining Whether a Conflict of Interest Exists: After disclosure of the financial interest and all material facts, and after any discussion with the interested person, such person shall leave the Board of Directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest: 1) An interested person may make a presentation at the Board of Directors or committee meeting, but after the presentation, such person shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. 2) The chairperson of the Board of Directors or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. 3) After exercising due diligence, the Board of Directors or committee shall determine whether the Institute can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. 4) If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board of Directors or committee shall determine by a majority vote of the disinterested Directors whether the transaction or arrangement is in Gateway's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the Conflicts of Interest Policy: 1) If the Board of Directors or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. 2) If, after hearing the member's response and after making further investigation as warranted by the circumstances, the Board of Directors or committee determines the member has failed to disclose an actual or possible conflict or interest, it shall take appropriate disciplinary and corrective action.”

“During Periodic Reviews the Board of Directors will determine whether compensation arrangements and benefits are reasonable, based on competent survey information, market conditions, and the result of arm's length bargaining.”

“The organization's governing documents are made available in the Chief Executive Officer's Office for review on site by the public. Part VIII, Line 1e In April 2020, the Organization obtained a Small Business Administration loan under the Paycheck Protection Program ("PPP") totaling $335,100. The PPP loan bears interest at 1.00% and beginning in December of 2020, requires monthly payments of principal and interest through May of 2022, at which time the outstanding balance is due in full. Under the terms of Coronavirus Aid, Relief, and Economic Securities Act (the "CARES Act"), the Organization may apply for PPP loan proceeds used within a specified time period to be forgiven with the lending institution, provided the proceeds are used to cover certain payroll and other expenses as defined by the CARES Act. The Organization intends for the loan to be forgiven and has treated the loan as a conditional grant under ASU 2018-08, recording the revenue when qualifying expenses have been incurred. At June 30, 2020, the Organization had utilized $253,481 of PPP funding in qualifying expenses and is recorded as grant revenue within the statement of activities and changes in net assets. The remaining PPP funding balance of $81,619 is recorded as a refundable advance in the statement of financial position at June 30, 2020.”

“Gateway Center provided staffing to two hotels in response to the COVID-19 pandemic. These hotels provided housing for individuals experiencing homelessness in order to accommodate social distancing in a non-congregant setting. PART III, LINE 4D UPWARD, A residential addiction recovery program, currently operates 10 beds and allows men who commit to drug treatment to come straight off the streets and prepare for admission into an outpatient treatment program. CLEAR PATH, A stabilization program currently operates 24 beds, for men who need stabilization and short-term housing. Maximum stay length is 90-days. Clients are referred to appropriate community programs and resources following the initial intake and assessment. In addition, assigned Gateway staff daily review resources, finding adequate housing for clients. Each of the 20 men in this program are assigned to a case manager. New Beginnings, which currently operates 20 beds, is a program started by Gateway to provide immediate housing and case management for men experiencing homelessness. Often, homeless services require a specific category issue, i.e., veteran, behavioral health, physical health, addiction, job loss, abuse, etc. The New Beginnings program is often the gateway to more specific services for the client; offering a stay of up to 90-days. The New Beginnings program is uniquely general in its design and implementation. An Individual service plan, with a focus on accountability, strives to help the client secure a sustainable income, and permanent, stable housing. PATH, PATH teams build relationships with people living on the streets, allowing them to provide resources and guidance. PATH teams work specifically with individuals experiencing homelessness who have severe and persistent mental health issues. Gateway works with PATH teams from partner agencies, including Mercy Care, Community Friendship, and HOPE Atlanta. PATH is an acronym for "Projects for Assistance in Transition from Homelessness." Veteran Administration Contract Bed (VACB) program currently operates 10 short-term beds, with a maximum 60-day stay. The program is housed on the 4th floor of Gateway Center and supported in collaboration with the U.S. Department of Veteran Affairs. Participants in this program have the majority of the requirements needed to sustain independent living, such as income, medical benefits, etc. and are usually waiting for finalization in a specific area before transitioning to permanent housing.”

“Gateways annual fundraiser, Human Clay, was supported by ticket sales and corporate sponsorships. Donations greater than $75 deriving from tickets sales, were determined to provide equivalent exchange. Donations of non-cash value were acknowledged through in-kind donation letters, stating the nature and FMV value of the contribution from each donor.”

“In addition to the ASC 740 Statement on Schedule D, Part XIV, the Board is not aware of any uncertain tax position.”