Gateway Resource Development Foundation Inc in Lexington, Kentucky (KY)
Table of contents:
| Gateway Resource Development Foundation Inc | |
| Employer Identification Number (EIN) | 421688262 |
| Name of Organization | Gateway Resource Development Foundation Inc |
| In Care of Name | Thomas R Lambuth |
| Address | 667 Elsmere Park, Lexington, KY 40508 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 11/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2011 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $8,525 |
| Amount of Income | $196,316 |
| Form 990 Revenue Amount | $196,316 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2011: $196,316 (it was $196,316 in 2014)
| This organization: | $196,316 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2011: $8,525 (it was $8,525 in 2014)
| Gateway Resource Development Foundation Inc: | $8,525 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2014: $199,998
| Gateway Resource Development Foundation Inc: | $199,998 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2014: 8.7%
| This organization: | 8.7% |
| Other organizations performing similar types of work: | 3.7% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $91,927 | $190,955 | $196,316 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $17,000 |
| Program service revenue including government fees and contracts | $89,052 | $190,955 | $179,316 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $2,875 | $0 | $0 |
| Total expenses | $78,798 | $192,377 | $199,998 |
| Total net assets | $13,629 | $12,207 | $8,525 |
| Excess/Deficit for the year | $13,129 | $-1,422 | $-3,682 |
| Net assets or fund balances at beginning of year | $500 | $13,629 | $12,207 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $12,207 | $8,525 | |
| Balance Sheets | |||
| 2011 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $13,629 | $12,207 | $8,525 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $13,629 | $12,207 | $8,525 |
| Other Information | |||
| 2011 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $605,978 |
| Subtotal Support | $605,978 |
| Gifts, grants, contributions, and membership fees received | $605,978 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $605,978 |
| Public Support | $605,978 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Lords Legacy Life Ministries Inc | 251 E Brannon Rd, Nicholasville, KY 40356-8059 | KY | 2010-08 | $1,822,948 |
| 4 | Louisville Metro Housing Authority Development Corp | 420 S 8th St, Louisville, KY 40203-1906 | KY | 2010-11 | $1,661,508 |
| 5 | St James Group Inc | PO BOX 18067, Louisville, KY 40261-0067 | KY | 2000-09 | $1,454,439 |
| 6 | Southern Tier Housing Corporation | PO BOX 1738, London, KY 40743-1738 | KY | 2009-08 | $1,035,690 |
| 7 | Louisville Metro Affordable Housing Trust Fund Inc | 1469 S 4th St Ste 3, Louisville, KY 40208-5219 | KY | 2011-05 | $1,004,043 |
| 8 | Next Step Network Inc | 2005 Longest Ave 2nd Floor, Louisville, KY 40204-2206 | KY | 2012-08 | $671,180 |
| 9 | Tennessee Family Solutions Homes And Supports Inc | PO BOX 129, Uniontown, KY 42461-0129 | KY | 2003-01 | $279,084 |
| 10 | Lexington Community Land Tr Inc | PO BOX 171, Lexington, KY 40588-0171 | KY | 2013-01 | $268,929 |
| 11 | Lexington Home Ownership Commission Ii | 300 W New Circle Road, Lexington, KY 40505 | KY | 2004-03 | $268,708 |
| 12 | Gateway Resource Development Foundation Inc | 667 Elsmere Park, Lexington, KY 40508 | KY | 2007-11 | $196,316 |
| 13 | Pennyroyal Housing Alternative Inc | 3999 Ft Campbell Blvd, Hopkinsville, KY 42240-4929 | KY | 2013-03 | $117,195 |
| 14 | Greater Corbin Housing | 1336 Madison Street, Corbin, KY 40701 | KY | 2006-06 | $101,649 |
| 15 | Kceoc Housing Corporation Ii | PO BOX 490, Barbourville, KY 40906-0490 | KY | 2010-02 | $70,581 |
| 16 | Neighborhood Construction & Housing Services | PO BOX 923, Jackson, KY 41339-0923 | KY | 2015-01 | $44,668 |
| 17 | Floyd Service Project Inc | PO BOX 1082, Martin, KY 41649-1082 | KY | 2001-01 | $28,587 |
| 18 | Serenity Apartments Inc | 1589 Hill Rise Dr, Lexington, KY 40504-2588 | KY | 2006-10 | $2,750 |
| 19 | Boyz Ii Men House | 9700 Park Plaza Ave Unit 208, Louisville, KY 40241-2287 | KY | 2011-09 | $1 |
| 20 | Audubon Area Chdo Inc | 1700 West Fifth Street, Owensboro, KY 42301 | KY | 2014-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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