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g77 does not support many of the features that distinguish Fortran 90 (and, now, Fortran 95) from ANSI FORTRAN 77.
Some Fortran 90 features are supported, because they make sense to offer even to die-hard users of F77. For example, many of them codify various ways F77 has been extended to meet users' needs during its tenure, so g77 might as well offer them as the primary way to meet those same needs, even if it offers compatibility with one or more of the ways those needs were met by other F77 compilers in the industry.
Still, many important F90 features are not supported, because no attempt has been made to research each and every feature and assess its viability in g77. In the meantime, users who need those features must use Fortran 90 compilers anyway, and the best approach to adding some F90 features to GNU Fortran might well be to fund a comprehensive project to create GNU Fortran 95.