Gateway Housing First Inc

What it reported doing in 2024

Gateway housing first's (ghf) housing and housing programs respond to the well-documented, pressing unmet need for permanent, affordable supported housing for individuals and families affected by a wide range of complex disorders and life situations who need supports and accommodations to secure and maintain housing. Guided by the values and outcomes achieved by housing first and harm reduction programs, ghf's immediate focus is on increasing housing solutions for the "most vulnerable" in our region, eliminating "housing readiness" barriers to ensure equal access to available housing solutions, fostering leveraging partnerships with existing social services agencies to provide tenants with the services needed to ensure housing success. We execute our mission across two tandem tracks: (1) through the acquisition and new construction development of permanent supported housing owned and operated by ghf and (2) by increasing the availability of and access to tenant-based rental assistance and then pairing that assistance for those most in need through outreach and engagement. Gateway housing first operates 10 affordable supported housing communities in st. Louis city and county totaling 201 units, 7 of which are owned by ghf affiliated single asset corporations or partnerships, 2 are owned fee simple by ghf and 1 is mastered leased from a third-party. Our array of supported housing options include: sro units as well as efficiency, 1-bedroom and 2-bedroom apartments, and 3-bedroom townhomes. Ghf also operates several permanent supportive housing scattered-site leasing programs, including coc shelter plus care, providing on-going tenant-based rental assistance and housing stability case management supports to approximately 90 households at any given time. In the spring of 2021, to further contribute to our community-wide efforts to respond to the impacts of the pandemic that disproportionately impacted extremely low-income households impacted by disabilities and chronic homelessness, we expanded our programming to include a hud esg-cv funded rapid rehousing program that bridges chronically homeless, disabled households from homelessness to housing by providing 1 year rental assistance available through covid relief funds and then working to transitioning them to the less prevalent yet needed on-going rental assistance and support services prior to the expiration of their covid assistance. Throughout the year, 100% of those housed in ghf housing or through one of our scattered site leasing programs in the subject year were unhoused or at imminent risk of homelessness prior to engagement in our housing programs.100% of those served by ghf have a history of homelessness and were extremely low-income and either unhoused or at imminent risk of homelessness at initial engagement. Over 96% of those served remain housed today.

Financial Efficiency

• Mission deployment rate: 86.8%; rating input score 87
• Program expense ratio: 92.9%; rating input score 93
• Fundraising efficiency: $94.52 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.6%; rating input score 55; 55th percentile among comparable filings
• Total-asset coverage ratio: 1.01; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.67; rating input score 14; 14th percentile among comparable filings
• Officer compensation ratio: 3.5%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 23.4% per year; rating input score 100; 88th percentile among comparable filings
• Revenue growth: 21.3% per year; rating input score 100; 89th percentile among comparable filings
• Asset growth: 15% per year; rating input score 100; 74th percentile among comparable filings