Civic Intelligence

Gateway Estates Inc

990EZ • Fiscal year 2023 • EIN 85-0436521

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 08, 2024

Organization Profilewww.hdhnm.org
PO Box 80009Albuquerque, NM 87198

(505) 452-1553

Siviq Scores

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

Liabilities / Assets

92nd percentile

2.25x

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

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

10.56x

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

2023 filings • NTEE L • <$500k nonprofits • Source year 2023

Net Margin

18th percentile

-34%

Higher net margin than 18% of similar nonprofits.

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2023 filings • NTEE L20 • <$500k nonprofits • Source year 2023

Asset Growth

60th percentile

0.2%

Faster asset growth than 60% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-6.9%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • NTEE L • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$228,804

Up $452 (+0.2%) from 2022

Net Assets

Down

-$284,942

Down $16,546 (-6.2%) from 2022

Liabilities

Up

$513,746

Up $16,998 (+3.4%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin18th percentile

Revenue

Down

$48,660

Down $3,579 (-6.9%) from 2022

Expenses

Down

$65,205

Down $2,939 (-4.3%) from 2022

Net Income

Down

-$16,545

Down $640 (-4.0%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$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

2023

Assets$228,804
Liabilities$513,746
Net Assets-$284,942
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$48,660
Expenses$65,205
Net Income-$16,545
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 8, 2024
Return Version
2023v5.0
Gross Receipts
$48,660
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$65,204
Compensation and Service Providers
Top Officer Pay84th 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
2024-04-08
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 20

“Adjustment for rounding”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Tenant Security Deposits;1255|Tenant Accounts Receivable;1006^Total;2261^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Accounts Payable;21853|Tenant prepaid rental income;324|Tenant Security deposits;1270|Mortgage payable;490299^Total;513746^”

Raw XML Appendix175 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0High Desert Housing
IRS990EZ/BooksInCareOfDetail/PhoneNum05054521553
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 80009
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Albuquerque
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd087198
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt021964
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt022380
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-16545
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt00
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0228352
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0228804
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt048660
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt058
IRS990EZ/LandAndBuildingsGrp/BOYAmt0204463
IRS990EZ/LandAndBuildingsGrp/EOYAmt0204163
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-268396
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-284942
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-268396
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-284942
IRS990EZ/OccupancyRentUtltsAndMaintAmt050445
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01925
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02261
IRS990EZ/OtherChangesInNetAssetsAmt0-1
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Providing affordable housing for the low-income, disabled.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt048602
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide housing for low/moderate income persons who have, and can verify, a mental, physical, or developmental disability. The housing complex has 7 units.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065204
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt014760
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0496748
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0513746
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt065205
IRS990EZ/TotalProgramServiceExpensesAmt065204
IRS990EZ/TotalRevenueAmt048660
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.hdhnm.org
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt048602
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt052230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt046638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt051578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt046972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0246020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt093
IRS990ScheduleA/InvestmentIncomeCYPct00.00038
IRS990ScheduleA/InvestmentIncomePYPct00.00018
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99962
IRS990ScheduleA/PublicSupportPY509Pct00.99982
IRS990ScheduleA/PublicSupportTotal509Amt0246020
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt048602
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt052230
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt046638
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt051578
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt046972
IRS990ScheduleA/Total509Grp/TotalAmt0246020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt048660
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt052239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt046647
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt051589
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt046978
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0246113
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Adjustment for rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Tenant Security Deposits;1255|Tenant Accounts Receivable;1006^Total;2261^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Accounts Payable;21853|Tenant prepaid rental income;324|Tenant Security deposits;1270|Mortgage payable;490299^Total;513746^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kara Summers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05054521553
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-08
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/ReturnTs02024-04-07T16:59:11-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Summers
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$228,804
Liabilities
$513,746
Net assets
-$284,942
Revenue
$48,660
Expenses
$65,205
Net income
-$16,545
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