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Gateway General Partner III INC

Decatur, GAUnknown exempt organizationEIN 81-1156497Revenue $4K in FY2024

On file with the IRS750 Commerce Dr 400 · Decatur, GA

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To relieve a shortage of decent, safe and sanitary housing for persons of low income and moderate income.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $21 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$271K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
×2156 vs prior year
Spent
$4K
To programs
100%
Net assets
$704K
By yearFY2020–FY2024
Revenue
$4K
FY2024▲ ×2156
Tap a bar for its year
Revenue by fiscal year
FY2020$10K
FY2021$10K
FY2022$2K
FY2023$2
FY2024$4K
Expenses
$4K
FY2024▲ ×144
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$10K
FY2022$2K
FY2023$30
FY2024$4K
Net assets
$704K
FY2024>-0.01%
Tap a bar for its year
Net assets by fiscal year
FY2020$704K
FY2021$704K
FY2022$704K
FY2023$704K
FY2024$704K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $4K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Cinque Axam
President
$0Pt VII · Sec A
Larry H Padilla
Secretary/Treasurer
$0Pt VII · Sec A
David Lewicki
Vice President
$0Pt VII · Sec A
Tamera J Bowers
Assistant Secretary
$0Pt VII · Sec A
Douglas S Faust
Secretary/Treasurer
$0Pt VII · Sec A
See Gateway General Partner III INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable, safe homes for low and moderate-income families.

Questions for Gateway General Partner III INC

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Provided by the organization

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1 program · $4K · in their own filed words · FY2024
01

Persons of low income and moderate income, including families, youth or elderly, handicapped, disabled, or special needs persons, in the city of decatur, georgia.

$4Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4K
Ln 12
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g−$17
Money outPt IX
$4K
Ln 25
Programscol B$4K
Owns and owesPt X
$704K
net assets · Ln 32
Total assetsLn 16$975K
LiabilitiesLn 26$271K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g−$17
Total revenueLn 12$4K
Assets in detailPt X, end of year
InvestmentsLn 11–13$975K
Total assetsLn 16$975K
LiabilitiesLn 26$271K
Net assetsLn 32$704K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$975K$975K
Total assetsLn 16$975K$975K
LiabilitiesLn 26$271K$271K
Net assetsLn 32$704K$704K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$30$30
Total functional expensesLn 25$4K$4K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4K$4K−$17$704K 990 PDF
FY2023 $2$30−$28$704K 990 PDF
FY2022 $2K$2K−$19$704K 990 PDF
FY2021 $10K$10K−$19$704K 990 PDF
FY2020 $10K$10K−$24$704K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,313 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30$4,330
I-9 Program service revenuePrior year −$28−$17
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2$4,313
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30$4,330
I-18 Total expensesPrior year $30$4,330
I-19 Revenue less expensesPrior year −$28−$17
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $4,313 across 4 lines filed
VIII-1d Related organizations$4,330
VIII-1h Total contributions, gifts and grants$4,330
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission −$17−$17
VIII-12 Total revenueRelated to mission −$17 · Unrelated business $0 · Excluded from tax $0$4,313
Part IX · Statement of functional expenses $4,330 across 2 lines filed
IX-11c Accounting feesPrograms $4,300$4,300
IX-24 Other expenses (24a–d)Programs $30$30
IX-25 Total functional expensesPrograms $4,330 · Management $0 · Fundraising $0$4,330
Part X · Balance sheet $975,053 assets, 7 lines filed
X-13 Program-related investmentsStart of year $975,276$975,053
X-16 Total assetsStart of year $975,276$975,053
X-25 Other liabilitiesStart of year $271,328$271,122
X-26 Total liabilitiesStart of year $271,328$271,122
X-27 Net assets without donor restrictionsStart of year $703,948$703,931
X-32 Total net assets or fund balancesStart of year $703,948$703,931
X-33 Total liabilities and net assetsStart of year $975,276$975,053
Part XI · Reconciliation of net assets $703,931 net assets at year end
XI-1 Total revenue$4,313
XI-2 Total expenses$4,330
XI-3 Revenue less expenses−$17
XI-4 Net assets at start of year$703,948
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$703,931

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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