Civic Intelligence

Gatesway Residential Alternatives Inc.

990 • Fiscal year 2017 • EIN 73-1511972

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 08, 2017

398060 W 2200 RdBartlesville, OK 74006-0265

(918) 333-2244

Siviq Scores

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

Liabilities / Assets

96th percentile

1.51x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

9.86x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

32nd percentile

-2.0%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-4.5%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$674,799

Down $14,095 (-2.0%) from 2016

Net Assets

Down

-$344,528

Down $20,060 (-6.2%) from 2016

Liabilities

Up

$1,019,327

Up $5,965 (+0.6%) from 2016

Revenue

Down

$103,384

Down $4,818 (-4.5%) from 2016

Expenses

Down

$123,444

Down $5,505 (-4.3%) from 2016

Net Income

Up

-$20,060

Up $687 (+3.3%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $814,444Liabilities 2011: $1,029,430Net Assets 2011: -$214,9862011Assets 2012: $771,774Liabilities 2012: $1,031,650Net Assets 2012: -$259,8762012Assets 2013: $745,273Liabilities 2013: $1,011,912Net Assets 2013: -$266,6392013Assets 2014: $726,679Liabilities 2014: $1,010,746Net Assets 2014: -$284,0672014Assets 2015: $725,963Liabilities 2015: $1,029,685Net Assets 2015: -$303,7222015Assets 2016: $688,894Liabilities 2016: $1,013,362Net Assets 2016: -$324,4682016Assets 2017: $674,799Liabilities 2017: $1,019,327Net Assets 2017: -$344,5282017Assets 2018: $658,393Liabilities 2018: $1,024,462Net Assets 2018: -$366,0692018Assets 2019: $623,462Liabilities 2019: $1,012,839Net Assets 2019: -$389,3772019Assets 2020: $615,906Liabilities 2020: $1,029,264Net Assets 2020: -$413,3582020Assets 2021: $573,772Liabilities 2021: $1,013,102Net Assets 2021: -$439,3302021Assets 2022: $562,044Liabilities 2022: $1,014,121Net Assets 2022: -$452,0772022Assets 2023: $527,678Liabilities 2023: $1,015,191Net Assets 2023: -$487,5132023Assets 2024: $494,554Liabilities 2024: $1,012,575Net Assets 2024: -$518,0212024Assets 2025: $498,971Liabilities 2025: $1,054,790Net Assets 2025: -$555,8192025

Highlighted filing

2017

Assets$674,799
Liabilities$1,019,327
Net Assets-$344,528

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $118,1402011Expenses 2012: $153,8012012Expenses 2013: $112,8532013Revenue 2014: $104,864Expenses 2014: $122,292Net Income 2014: -$17,4282014Revenue 2015: $102,693Expenses 2015: $122,348Net Income 2015: -$19,6552015Revenue 2016: $108,202Expenses 2016: $128,949Net Income 2016: -$20,7472016Revenue 2017: $103,384Expenses 2017: $123,444Net Income 2017: -$20,0602017Revenue 2018: $105,401Expenses 2018: $126,942Net Income 2018: -$21,5412018Revenue 2019: $119,961Expenses 2019: $143,269Net Income 2019: -$23,3082019Revenue 2020: $115,863Expenses 2020: $139,844Net Income 2020: -$23,9812020Revenue 2021: $114,103Expenses 2021: $140,075Net Income 2021: -$25,9722021Revenue 2022: $117,591Expenses 2022: $130,338Net Income 2022: -$12,7472022Revenue 2023: $120,475Expenses 2023: $155,911Net Income 2023: -$35,4362023Revenue 2024: $119,892Expenses 2024: $150,400Net Income 2024: -$30,5082024Revenue 2025: $137,363Expenses 2025: $175,161Net Income 2025: -$37,7982025

Highlighted filing

2017

Revenue$103,384
Expenses$123,444
Net Income-$20,060
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 8, 2017
Return Version
2016v3.0
Gross Receipts
$103,384
Mission and Program Overview

Mission

The purpose and business of this project is to develop, construct, maintain, support and operate a 24-unit housing complex for the elderly or disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$619,448$598,774▼ $20,674
Cash and Non-Interest-Bearing Accounts-$3,820-
Prepaid Expenses and Deferred Charges$1,792$1,862▲ $70
Accounts Receivable$2,485$3▼ $2,482
Total Assets$688,894$674,799▼ $14,095
Other Assets Total$65,169$70,340▲ $5,171
Liabilities
Other Liabilities$1,009,866$1,009,990▲ $124
Accounts Payable and Accrued Expenses$3,496$9,337▲ $5,841
Total Liabilities$1,013,362$1,019,327▲ $5,965
Net Assets / Fund Balance
Unrestricted Net Assets$-324,468$-344,528▼ $20,060
Total Net Assets Fund Balance$-324,468$-344,528▼ $20,060
Total Liabilities and Net Assets / Fund Balance$688,894$674,799▼ $14,095

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$424,039$477,430$901,469
Land$156,649-$156,649
Equipment$18,086$40,351$58,437
Other Assets Org$8,075--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ray MillerPresident
Matt Coughlin IiiVpresident
Angelyn DaleBoard Member
Anita WilliamsBoard Member
Darren WhitsonBoard Member
Davey EllisBoard Member
Dr Poorya FazelBoard Member
John FearyBoard Member
Larry LangfordBoard Member
Matt KennedyBoard Member
Mike MitchellBoard Member
Nick PressonBoard Member
Thomas a GormanManaging Age
Greg ArendTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$103,329
Investment Income
$55
Other Revenue
$0
Change in Net Assets
$-20,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$103,384
Total Revenue per Audited Statements
$103,384
Total Revenue per Form 990
$103,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,444
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
Depreciation Depletion$34,624--$34,624
Occupancy$17,701--$17,701
All Other Expenses$7,963--$7,963
Office Expenses$7,206--$7,206
Other Expenses$5,650--$5,650
Fees for Services Accounting$1,440--$1,440
Advertising$62--$62
Insurance$35--$35
Conferences and Meetings$30--$30
Total Functional Expenses$123,444$0$0$123,444

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$123,444
Total Expenses per Audited Statements$123,444
Total Expenses per Form 990$123,444
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
Capital Advance$1,003,100
Tenant Security Deposits$6,890
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Gorman management company bartlesville, ok

Form 990, Page 6, Part VI, Line 11B

Copy of the return and the audit are presented to the board at the same meeting.

Form 990, Page 6, Part VI, Line 19

Documents are available by electronic transmission or in-person review upon written request and advance notification.

Filing and Contact Details

Filer

Filer Name
Gatesway Residential
EIN
73-1511972
Address
398060 W 2200 RD, BARTLESVILLE, OK 74006-0265

Signing Officer

Name
Thomas a Gorman
Title
Managing Agent
Signed
2017-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas a Gorman
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Stotts Archambo Mueggenborg & Barclay Pc
Address
302 SE OSAGE AVE, BARTLESVILLE, OK 74003-3931
Preparer
Deborah E Mueggenborg
Phone
9183360008
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0102649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0104830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0106363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0525322
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0211
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt0525322
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0103329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0108151
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0102649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0104830
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0106363
IRS990ScheduleA/Total509Grp/TotalAmt0525322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0103384
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0108202
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0102693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0104864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0106390
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0525533
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0424039
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0477430
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0901469
IRS990ScheduleD/EquipmentGrp/BookValueAmt018086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040351
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058437
IRS990ScheduleD/ExpensesSubtotalAmt0123444
IRS990ScheduleD/LandGrp/BookValueAmt0156649
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156649
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt028124
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121845
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt212296
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt38075
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE & AUDIT ESCRIOW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01003100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0103384
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0598774
IRS990ScheduleD/TotalBookValueOtherAssetsAmt070340
IRS990ScheduleD/TotalExpensesPerForm990Amt0123444
IRS990ScheduleD/TotalLiabilityAmt01009990
IRS990ScheduleD/TotalRevenuePerForm990Amt0103384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0103384
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0123444
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GORMAN MANAGEMENT COMPANY BARTLESVILLE, OK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE RETURN AND THE AUDIT ARE PRESENTED TO THE BOARD AT THE SAME MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE BY ELECTRONIC TRANSMISSION OR IN-PERSON REVIEW UPON WRITTEN REQUEST AND ADVANCE NOTIFICATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0688894
IRS990/TotalAssetsEOYAmt0674799
IRS990/TotalAssetsGrp/BOYAmt0688894
IRS990/TotalAssetsGrp/EOYAmt0674799
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123444
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123444
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01013362
IRS990/TotalLiabilitiesEOYAmt01019327
IRS990/TotalLiabilitiesGrp/BOYAmt01013362
IRS990/TotalLiabilitiesGrp/EOYAmt01019327
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-324468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-344528
IRS990/TotalProgramServiceExpensesAmt0123444
IRS990/TotalProgramServiceRevenueAmt0103329
IRS990/TotalRevenueGrp/ExclusionAmt055
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0103329
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0103384
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0688894
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0674799
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-324468
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-344528
IRS990/USAddress/AddressLine1Txt0398060 WEST 2200 ROAD
IRS990/USAddress/CityNm0BARTLESVILLE
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd074006
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS A GORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING AGENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GATESWAY RESIDENTIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALTERNATIVES INC
ReturnHeader/Filer/BusinessNameControlTxt0GATE
ReturnHeader/Filer/EIN0731511972
ReturnHeader/Filer/USAddress/AddressLine1Txt0398060 W 2200 RD
ReturnHeader/Filer/USAddress/CityNm0BARTLESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd0740060265
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DBEADA8E4E9D2995A816ADE270059363E00FB124
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08DA5CD20C9F7A62F6C62D4EC075CCA9F592DDC99
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471209122
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOTTS ARCHAMBO MUEGGENBORG & BARCLAY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 SE OSAGE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BARTLESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0740033931
ReturnHeader/PreparerPersonGrp/PhoneNum09183360008
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBORAH E MUEGGENBORG
ReturnHeader/ReturnTs02017-09-12T10:03:12-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$1.05$0.56$0.14$0.18$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.49$1.01$0.52$0.12$0.15$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.53$1.02$0.49$0.12$0.16$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.56$1.01$0.45$0.12$0.13$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.57$1.01$0.44$0.11$0.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.62$1.03$0.41$0.12$0.14$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.62$1.01$0.39$0.12$0.14$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.66$1.02$0.37$0.11$0.13$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.67$1.02$0.34$0.10$0.12$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.69$1.01$0.32$0.11$0.13$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$1.03$0.30$0.10$0.12$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.73$1.01$0.28$0.10$0.12$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.01$0.27$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$1.03$0.26$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$1.03$0.21$0.12