GULF COAST HOUSING INITIATIVE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

CRAIG STEENKAMP

Phone

2284320301

Tax Period

2023-01-01 to 2023-12-31

GULF COAST HOUSING INITIATIVE INC, founded in 2007, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 105% operating deficit.

Mission

TO PROVIDE AFFORDABLE, SAFE AND DIGNIFIED HOUSING OPPORTUNITIES AND SERVICES TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES ON THE MISSISSIPPI GULF COAST.

Program Service Accomplishments

Program 1

Expenses: $76,515

CONSTRUCTION OR REHABILITATION OF HOMES TO BE SOLD TO LOW AND MODERATE INCOME HOMEBUYERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,380

Program Service Revenue $0

Investment Income $49

Other Revenue $10,614

TOTAL REVENUE $47,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,685

Fundraising Expenses $0

Program Expenses $76,515

Other Expenses $30,918

TOTAL EXPENSES $96,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,043	$401,205	-0.9%
Expenses	$96,603	$444,353	-0.8%
Net Income	$-49,560	$-43,148	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

112

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$41,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRISTAL HUNT	BOARD MEMBER	N/A	Director	$0	$0	$0
VELMA JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN OMARA	BOARD MEMBER	N/A	Director	$0	$0	$0
DR TRACY DANIEL-HARDY	PRESIDENT	N/A	Officer Director	$0	$0	$0
FELICIA SNOW	SECRETARY	N/A	Officer Director	$0	$0	$0
JAKAVIOUS PICKETT	TREASURER	N/A	Officer Director	$0	$0	$0
REV JAMES PENNINGTON	CORPORATE PR	N/A	Officer Director	$0	$0	$0
CRAIG STEENKAMP	EXECUTIVE DI	40.00	Officer	$41,254	$0	$41,254

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$47,043	$96,603	No data	$-49,560
2022	$401,205	$444,353	$413,622	$-43,148
2021	$138,497	$171,863	$692,343	$-33,366
2020	$308,876	$168,434	$592,792	$140,442
2019	$221,331	$314,359	$348,262	$-93,028
2018	$207,762	$200,209	$441,716	$7,553