Civic Intelligence

Gsny Properties Inc.

990 • Fiscal year 2016 • EIN 27-2522212

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 21, 2017

Organization ProfileWWW.GATEWAYSCHOOL.ORG
211 W 61st Street 6th FloorNew York, NY 10023

(212) 777-5966

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.95x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

86.86x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Net Margin

99th percentile

95%

Higher net margin than 99% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$295,938

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 68.8% of source-year revenue.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Asset Growth

36th percentile

-0.3%

Faster asset growth than 36% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

47%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$39,490,553

Down $117,023 (-0.3%) from 2015

Net Assets

Down

$2,113,737

Down $88,566 (-4.0%) from 2015

Liabilities

Down

$37,376,816

Down $28,457 (-0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin99th percentile

Revenue

Up

$430,328

Up $138,380 (+47%) from 2015

Expenses

Down

$21,834

Down $1,460 (-6.3%) from 2015

Net Income

Up

$408,494

Up $139,840 (+52%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2012: $38,909,148Liabilities 2012: $38,133,999Net Assets 2012: $775,1492012Assets 2013: $39,495,852Liabilities 2013: $37,537,462Net Assets 2013: $1,958,3902013Assets 2014: $39,702,021Liabilities 2014: $37,434,475Net Assets 2014: $2,267,5462014Assets 2015: $39,607,576Liabilities 2015: $37,405,273Net Assets 2015: $2,202,3032015Assets 2016: $39,490,553Liabilities 2016: $37,376,816Net Assets 2016: $2,113,7372016Assets 2017: $38,183,808Liabilities 2017: $36,130,179Net Assets 2017: $2,053,6292017Assets 2018: $37,487,563Liabilities 2018: $15,803,838Net Assets 2018: $21,683,7252018Assets 2019: $36,097,743Liabilities 2019: $15,355,657Net Assets 2019: $20,742,0862019Assets 2020: $35,225,433Liabilities 2020: $14,903,792Net Assets 2020: $20,321,6412020Assets 2021: $34,407,527Liabilities 2021: $14,428,952Net Assets 2021: $19,978,5752021Assets 2022: $33,498,515Liabilities 2022: $13,935,319Net Assets 2022: $19,563,1962022

Highlighted filing

2016

Assets$39,490,553
Liabilities$37,376,816
Net Assets$2,113,737
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2012: $43,4202012Expenses 2013: $955,6012013Revenue 2014: $722,159Expenses 2014: $27,483Net Income 2014: $694,6762014Revenue 2015: $291,948Expenses 2015: $23,294Net Income 2015: $268,6542015Revenue 2016: $430,328Expenses 2016: $21,834Net Income 2016: $408,4942016Revenue 2017: -$66,529Expenses 2017: $22,970Net Income 2017: -$89,4992017Revenue 2018: $20,121,098Expenses 2018: $609,986Net Income 2018: $19,511,1122018Revenue 2019: -$650,110Expenses 2019: $19,992Net Income 2019: -$670,1022019Revenue 2020: -$368,934Expenses 2020: $21,629Net Income 2020: -$390,5632020Revenue 2021: -$323,517Expenses 2021: $19,240Net Income 2021: -$342,7572021Revenue 2022: -$396,855Expenses 2022: $18,364Net Income 2022: -$415,2192022

Highlighted filing

2016

Revenue$430,328
Expenses$21,834
Net Income$408,494
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 21, 2017
Return Version
2015v3.0
Gross Receipts
$2,043,767
Mission and Program Overview

Mission

The corporation is organized exclusively for the charitable purpose of benefitting children by supporting and benefitting the gateway school of new york (gsny), a new york education corporation, and the gateway middle school, a new york education corporation.

Supporting and benefitting the gateway school of new york (gsny), a new york education corporation, and the gateway middle school, a new york education corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,240,438$32,709,430▼ $531,008
Prepaid Expenses and Deferred Charges$4,230,294$5,200,031▲ $969,737
Intangible Assets$1,392,693$1,333,739▼ $58,954
Investments Other Securities$650,573$153,513▼ $497,060
Cash and Non-Interest-Bearing Accounts$35,438$67,701▲ $32,263
Total Assets$39,607,576$39,490,553▼ $117,023
Other Assets Total$58,140$26,139▼ $32,001
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,530,500$20,530,500→ $0
Tax Exempt Bond Liabilities$16,425,000$16,425,000→ $0
Other Liabilities$393,000$381,000▼ $12,000
Accounts Payable and Accrued Expenses$56,773$40,316▼ $16,457
Total Liabilities$37,405,273$37,376,816▼ $28,457
Net Assets / Fund Balance
Unrestricted Net Assets$2,202,303$2,113,737▼ $88,566
Total Net Assets Fund Balance$2,202,303$2,113,737▼ $88,566
Total Liabilities and Net Assets / Fund Balance$39,607,576$39,490,553▼ $117,023

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,280,432$5,032,427-
Other Land Buildings$428,998--
Equipment$0$628,596-
Compensation and Service Providers
Top Officer Pay65th percentile

Board Members and Trustees

NameTitle
Warren H FederChair
Astrid SabellarosaVice Chair
Kenneth a PlevanTrustee Emeritus
Martha B BernardTrustee Emeritus
Helen BrownTrustee Ex Officio
Ellen LeeCOO-CFO
Carolyn SalzmanHead of School
Benson KutriebMember
Daniel LascanoMember
Elyse KrollMember
Jack CogenMember
Jodi SchwartzMember
Malcom Taub EsqMember
Matthew CantorMember
Matthew DonohoeMember
Nicholas S SchorschMember
Sean MahoneyMember
Steve CheesemanMember
Tracy DennisMember
Walter HigginsMember
Keren O KalimianSecretary
Kieran ClaffeyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
211 W 61st St Condominium INCConstruction260 MADISON AVENUE 12TH FL, New York, NY 10016$201,455
Revenue and Support

Revenue Composition

Contributions and Grants
$473,998
Program Service Revenue
$0
Investment Income
$32
Other Revenue
$-43,702
Change in Net Assets
$408,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$430,328
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,613,439
Total Revenue per Audited Statements
$2,043,767
Total Revenue per Form 990
$430,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$17,800-$17,800
Other Expenses-$1,000-$1,000
Fees for Services Legal-$178-$178
Total Functional Expenses$0$21,834$0$21,834

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,132,333
Expenses Not Reported on Form 990$2,110,499
Expenses per Audited Statements$21,834
Total Expenses per Form 990$21,834
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Developer Fee - Related Party$381,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABuild Nyc Resource Corporation2012-08-01$16,425,000Bonds to finance purchases and repay prior issued bonds.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed by management and approved by the audit committee. A copy of the form 990 is provided to the board of trustees for review prior to submission. It is delivered electronically or via usps for those who have limited access to email.”

Form 990, Part VI, Section B, Line 12C

“The organization annually requires board members to review conflict of interest policy distributed in their board books. The organization also requires each board member to sign conflict of interest affirmation. Any potential conflict identified is brought to the attention of the head of school and audit committee for immediate discussion and resolution.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

FORM 990, PART VII, SECTION B, LINE 1A:

“Name and address of compensated independent contractor that received more than $100,000 of compensation from the organization: 211 w. 61st st. Condominium inc. C/o the ashtin group, inc. - 260 madison avenue, 12th fl., new york, ny 10016”

Filing and Contact Details

Filer

Filer Name
Gsny Properties Inc
EIN
27-2522212
Phone
2127775966
Address
211 W 61ST STREET 6TH FLOOR, NEW YORK, NY 10023

Signing Officer

Name
Warren H Feder
Title
Chair, Board of Trustees
Phone
2167711994
Signed
2017-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren H Feder
Formed
2010
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVENUE, DOVER, OH 44622
Preparer
Frank Buss Ii
Phone
3303655400
Supplemental Narrative

Additional Explanations

FORM 990 PART XII, LINE 2C:

“No change from prior year”

Financial Statement Notes

PART X, LINE 2:

“The corporation is a not-for-profit organization exempt from income tax under section 501(c)(3) of the internal revenue code and is exempt from similar state and local taxes. The preparation of financial statements in accordance with accounting principles generally accepted in the united states of america requires the corporation to report information regarding its exposure to various tax positions taken by the corporation. The corporation has determined whether any tax positions have met the recognition threshold and has measured the corporation's exposure to those tax positions. Management believes that the corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental revenue and expenses are accounted for at gross on audit and net for tax purposes thus resulting in the difference shown.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental revenue and expenses are accounted for at gross on audit and net for tax purposes thus resulting in the difference shown.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20287499
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21250449
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt20HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt21COO-CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02043767
IRS990/GrossRentsGrp/RealAmt01569737
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt01392693
IRS990/IntangibleAssetsGrp/EOYAmt01333739
IRS990/InvestmentIncomeGrp/ExclusionAmt032
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt032
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0650573
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0153513
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05661023
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033240438
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032709430
IRS990/LandBldgEquipCostOrOtherBssAmt038370453
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt01613439
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF BENEFITING CHILDREN BY SUPPORTING AND BENEFITING THE GATEWAY SCHOOL OF NEW YORK (GSNY), A NEW YORK EDUCATION CORPORATION, AND THE GATEWAY MIDDLE SCHOOL, A NEW YORK EDUCATION CORPORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020530500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020530500
IRS990/NetAssetsOrFundBalancesBOYAmt02202303
IRS990/NetAssetsOrFundBalancesEOYAmt02113737
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-43702
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-43702
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-497060
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt058140
IRS990/OtherAssetsTotalGrp/EOYAmt026139
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TECHNOLOGY
IRS990/OtherExpensesGrp/Desc1BOND TRUSTEE FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02856
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11000
IRS990/OtherExpensesGrp/TotalAmt02856
IRS990/OtherExpensesGrp/TotalAmt11000
IRS990/OtherLiabilitiesGrp/BOYAmt0393000
IRS990/OtherLiabilitiesGrp/EOYAmt0381000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04230294
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05200031
IRS990/PrincipalOfficerNm0WARREN H FEDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0397000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt023294
IRS990/PYOtherRevenueAmt0-105074
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0268654
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt023294
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0291948
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0408494
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0473998
IRS990/RentalIncomeOrLossGrp/RealAmt0-43702
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0132572597
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE GATEWAY SCHOOL OF NEW YORK
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt032280432
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05032427
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt037312859
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0628596
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0628596
IRS990ScheduleD/ExpensesNotReportedAmt02110499
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt021834
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LossesReportedAmt0497060
IRS990ScheduleD/OtherExpensesIncludedAmt01613439
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0428998
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0428998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0381000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED DEVELOPER FEE - RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt01613439
IRS990ScheduleD/RevenueNotReportedAmt01613439
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0430328
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL REVENUE AND EXPENSES ARE ACCOUNTED FOR AT GROSS ON AUDIT AND NET FOR TAX PURPOSES THUS RESULTING IN THE DIFFERENCE SHOWN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL REVENUE AND EXPENSES ARE ACCOUNTED FOR AT GROSS ON AUDIT AND NET FOR TAX PURPOSES THUS RESULTING IN THE DIFFERENCE SHOWN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032709430
IRS990ScheduleD/TotalExpensesPerForm990Amt021834

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,490,553
Liabilities
$37,376,816
Net assets
$2,113,737
Revenue
$430,328
Expenses
$21,834
Net income
$408,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.5$13.9$19.6$0.40$0.02$0.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.4$14.4$20.0$0.32$0.02$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.2$14.9$20.3$0.37$0.02$0.39
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.1$15.4$20.7$0.65$0.02$0.67
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$15.8$21.7$20.1$0.61$19.5
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.2$36.1$2.05$0.07$0.02$0.09
2016Detailed filing. Detailed filing data is available for this year.$39.5$37.4$2.11$0.43$0.02$0.41
2015Detailed filing. Detailed filing data is available for this year.$39.6$37.4$2.20$0.29$0.02$0.27
2014Detailed filing. Detailed filing data is available for this year.$39.7$37.4$2.27$0.72$0.03$0.69
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.5$37.5$1.96$0.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$38.1$0.78$0.04