Civic Intelligence

Gateway Estates Inc

EIN 85-0436521 • 501(c)3 • Albuquerque, NM

Profile

Providing affordable housing for the low-income, disabled.

PO Box 80009Albuquerque, NM 87198

www.hdhnm.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

2.61x

Higher debt load relative to assets than 92% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

89th percentile

7.90x

Higher debt load relative to revenue than 89% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2025

Net Margin

32nd percentile

-8.8%

Higher net margin than 32% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Source year 2025

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

NTEE L20 • <$500k nonprofits • Source year 2025

Asset Growth

41st percentile

-2.3%

Faster asset growth than 41% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

3.6%

Faster revenue growth than 60% of similar nonprofits.

NTEE L20 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$200,661

Down $28,143 (-12%) from 2023

Liabilities

Down

$509,956

Down $3,790 (-0.7%) from 2023

Net Assets

Down

-$309,295

Down $24,353 (-8.5%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin32nd percentile

Revenue

Up

$62,414

Up $13,754 (+28%) from 2023

Expenses

Up

$86,767

Up $21,562 (+33%) from 2023

Net Income

Down

-$24,353

Down $7,808 (-47%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2022: $228,352Liabilities 2022: $496,748Net Assets 2022: -$268,3962022Assets 2023: $228,804Liabilities 2023: $513,746Net Assets 2023: -$284,9422023Assets 2024: $200,661Liabilities 2024: $509,956Net Assets 2024: -$309,2952024

Highlighted filing

2024

Assets$200,661
Liabilities$509,956
Net Assets-$309,295
Open 2024 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2022: $52,239Expenses 2022: $68,144Net Income 2022: -$15,9052022Revenue 2023: $48,660Expenses 2023: $65,205Net Income 2023: -$16,5452023Revenue 2024: $62,414Expenses 2024: $86,767Net Income 2024: -$24,3532024

Highlighted filing

2024

Revenue$62,414
Expenses$86,767
Net Income-$24,353
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,661
Liabilities
$509,956
Net assets
-$309,295
Revenue
$62,414
Expenses
$86,767
Net income
-$24,353
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.01$5.10$3.09$0.62$0.87$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.29$5.14$2.85$0.49$0.65$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.28$4.97$2.68$0.52$0.68$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 27, 2025
Return Version
2024v5.0
Gross Receipts
$62,414
Mission and Program Overview

Mission

Providing affordable housing for the low-income, disabled.

Program Services

DescriptionGrantsExpenses
To provide housing for low/moderate income persons who have, and can verify, a mental, physical, or developmental disability. The housing complex has 7 units.$0$86,767
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kara SummersPresident-$0--
Allen DrumDirector-$0--
Michelle DrumDirector-$0--
Filing and Contact Details

Filer

Filer Name
Gateway Estates Inc
EIN
85-0436521
Phone
5054521553
Address
PO Box 80009, Albuquerque, NM 87198

Signing Officer

Name
Kara Summers
Title
President
Phone
5054521553
Signed
2025-04-27
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^bank account for tenant security deposits held in trust;1773|Tenant Accounts Receivable;3033^Total;4806^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Accounts payable;17830|Prepaid revenue;6|Tenant security deposits held in trust;1821|Mortgage payable;490299^Total;509956^”

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 80009
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Albuquerque
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd087198
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt022380
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IRS990EZ/GamingGrossIncomeAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Kara Summers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Allen Drum
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michelle Drum
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Providing affordable housing for the low-income, disabled.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt062324
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0513746
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt086767
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IRS990EZ/TotalRevenueAmt062414
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.hdhnm.org
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0177
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0177
IRS990ScheduleA/InvestmentIncomeCYPct00.00068
IRS990ScheduleA/InvestmentIncomePYPct00.00038
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt051589
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;EOY Amount^bank account for tenant security deposits held in trust;1773|Tenant Accounts Receivable;3033^Total;4806^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Accounts payable;17830|Prepaid revenue;6|Tenant security deposits held in trust;1821|Mortgage payable;490299^Total;509956^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kara Summers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05054521553
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GATEWAY ESTATES INC
ReturnHeader/Filer/BusinessNameControlTxt0GATE
ReturnHeader/Filer/EIN0850436521
ReturnHeader/Filer/PhoneNum05054521553
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 80009
ReturnHeader/Filer/USAddress/CityNm0Albuquerque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087198
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-04-26T10:27:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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