Nonprofit · EIN 85-0436521
GATEWAY ESTATES INC
Also known as GATEWAY APARTMENTS
Tax-exempt (reinstated) · ALBUQUERQUE, NM 87198
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $64,667 | $70,328 | -$5,661 | $195,950 | $510,906 | -$314,956 |
| December 31, 2024 | 990-EZ | $62,414 | $86,767 | -$24,353 | $200,661 | $509,956 | -$309,295 |
| December 31, 2023 | 990-EZ | $48,660 | $65,205 | -$16,545 | $228,804 | $513,746 | -$284,942 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $64,572
- Investment income
- $95
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $9,819
- Occupancy
- $60,509
- Program services (functional)
- $70,328
Balance sheet and other
- Total assets, start of year
- $200,661
- Total assets, end of year
- $195,950
- Total liabilities, end of year
- $510,906
- Net assets, end of year
- -$314,956
- Cash, savings and investments
- $23,724
- Land and buildings
- $169,565
- Gross receipts
- $64,667
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kara Summers | President | 4 | $0 |
| Allen Drum | Director | 4 | $0 |
| Michelle Drum | Director | 4 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kara Summers | President | 2 | $0 |
| Allen Drum | Director | 0 | $0 |
| Michelle Drum | Director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kara Summers | President | 2 | $0 |
| Allen Drum | Director | 0 | $0 |
| Michelle Drum | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 80009, ALBUQUERQUE, NM 87198-0009
- In care of
- % KARA SUMMERS
- Mailing address (990-N for 2021)
- PO Box 80009, Albuquerque NM 87198
- Principal officer (990-N for 2021)
- Kara Summers, PO Box 80009, Albuquerque NM 87198
- Signed the 990-EZ
- Kara Summers, President
- Phone
- (505) 452-1553
- Website
- www.hdhnm.org
Mission
Providing affordable housing for the low-income, disabled.
Program accomplishments
- To provide housing for low/moderate income persons who have, and can verify, a mental, physical, or developmental disability. The housing complex has 7 units.Expenses $70,328
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-0436521
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $195,950
- Income (IRS master file)
- $64,667
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $64,667 | $70,328 | $195,950 | XML |
| 990-EZ | December 2024 | $62,414 | $86,767 | $200,661 | IRS |
| 990-EZ | December 2023 | $48,660 | $65,205 | $228,804 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Kara Summers | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Kara Summers | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2007 Officer: Evangeline Zamora | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0436521).
Questions about GATEWAY ESTATES INC
- What is the EIN of GATEWAY ESTATES INC?
- The employer identification number (EIN) of GATEWAY ESTATES INC is 85-0436521.
- Is GATEWAY ESTATES INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to GATEWAY ESTATES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GATEWAY ESTATES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GATEWAY ESTATES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GATEWAY ESTATES INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of GATEWAY ESTATES INC?
- The 990-N for 2021 names Kara Summers.
- Who are the officers and directors of GATEWAY ESTATES INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GATEWAY ESTATES INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $64,667, expenses of $70,328 and total assets of $195,950 at year end.
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