Gates Avenue Hdfc

Nonprofit profile at a glance

EIN
133550051
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2126285207
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$669,722
Expenses
$447,023
Assets
$13,197,886
Liabilities
$12,836,239

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JOHN P MCDONALD (BOARD DIRECTOR/PRESIDENT)
  • JENNIFER MITCHELL (PRESIDENT/CEO)
  • HARRIET MCDONALD (FMR PRES/CEO TO 10/22)

Highest reported compensation

  • HARRIET MCDONALD (FMR PRES/CEO TO 10/22): $1,000,000 total reported compensation
  • JENNIFER MITCHELL (PRESIDENT/CEO): $402,176 total reported compensation
  • JOHN P MCDONALD (BOARD DIRECTOR/PRESIDENT): $382,619 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively for the charitable purpose of owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing and operating a housing project for persons of low income and needy. The corporation shall provide the furnishing of clean and decent permanent (temporary) housing facilities for persons in need of such accommodations on a site at 520 gates avenue, in the county of kings and state of New York at a modest price and without profit.

What it reported doing in 2024

520 gates avenue is a 61-bed transitional residence in bedford-stuyvesant, brooklyn. Formerly a home for the blind, it was renovated in 1990 by the nonprofit the doe fund, and since then it has served as a working community operated by and for people who have experienced homelessness or who have returned from incarceration. Gates avenue is emblematic of the doe fund's person-first approach to addressing homelessness; rather than the barracks-style housing of a standard homeless shelter, the residence is composed of two-man rooms, and each resident has their own keys.as the original home of the doe fund's ready, willing & able program, gates avenue provides paid work, housing, and support services to its residents. This "three-legged stool" model has helped thousands of people successfully transition out of homelessness, and multiple studies have shown it reduces the chance of recidivating by 62%. Gates avenue both builds community for individuals experiencing homelessness and provides crucial resources unique to their diverse needs, from case management to career training, addiction recovery, and adult basic education.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 65
  • Accountability: 32
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.7%; rating input score 67
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.3%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 29.52; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 38.4%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 66.7% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $447K in reported program spending
  • Leadership: top reported pay $1M · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 61 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.