Civic Intelligence

Kearny Gateway LLC

990 • Fiscal year 2021 • EIN 86-2098831

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 04, 2023

Organization ProfileN/A
1200 6th Ave 700Seattle, WA 98101

(206) 493-1720

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $50M-$100M nonprofits • Source year 2021

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

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

2021 filings • $50M-$100M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets12th percentile

Assets

$64,787,478

No earlier filing loaded for comparison.

Net Assets

$64,787,478

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin99th percentile

Revenue

$64,947,478

No earlier filing loaded for comparison.

Expenses

$160,000

No earlier filing loaded for comparison.

Net Income

$64,787,478

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80M$60M$40M$20M$0Assets 2021: $64,787,478Liabilities 2021: $0Net Assets 2021: $64,787,4782021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$64,787,478
Liabilities$0
Net Assets$64,787,478
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100M$50M$0-$50M-$100MRevenue 2021: $64,947,478Expenses 2021: $160,000Net Income 2021: $64,787,4782021Revenue 2022: $3,226,394Expenses 2022: $68,013,872Net Income 2022: -$64,787,4782022

Highlighted filing

2021

Revenue$64,947,478
Expenses$160,000
Net Income$64,787,478
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 4, 2023
Return Version
2021v4.2
Gross Receipts
$64,947,478
Mission and Program Overview

Mission

The entity is organized as a title-holding company, organized solely for the limited purpose of acquiring, owning, improving, leasing, managing, operating and holding for investment purposes real estate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$64,787,478▲ $64,787,478
Investments Program Related-$60,559,029-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$64,787,478▲ $64,787,478
Other Assets Total$0$4,228,449▲ $4,228,449
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$64,787,478▲ $64,787,478
Total Liabilities and Net Assets / Fund Balance$0$64,787,478▲ $64,787,478

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$60,559,029--
Other Assets Org$442,373--
Compensation and Service Providers
Top Officer Pay16th percentile

Board Members and Trustees

NameTitle
Patrick S MalleyExec. VP of Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$60,559,029
Program Service Revenue
$160,000
Investment Income
$4,228,449
Other Revenue
$0
All Other Contributions
$60,559,029
Change in Net Assets
$64,787,478
Expenses and Functional Allocation

Major Expense Lines

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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$160,000
Total Functional Expenses$0$0$0$160,000
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“N/A”

Form 990, Part VI, Section B, Line 11B

“N/A”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Kearny Gateway LLC
EIN
86-2098831
Phone
2064931720
Address
1200 6TH AVE 700, SEATTLE, WA 98101

Signing Officer

Name
David Alfi
Title
VP, Accounting
Phone
2064931720
Signed
2023-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Alfi
Formed
2021
Legal Domicile
Wa
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Howard Donkin CPA
Phone
2066288990
Raw XML Appendix241 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.

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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,787,478
Liabilities
$0
Net assets
$64,787,478
Revenue
$64,947,478
Expenses
$160,000
Net income
$64,787,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.23$68.0$64.8
2021Detailed filing. Detailed filing data is available for this year.$64.8$0.00$64.8$64.9$0.16$64.8