GULF COAST HOUSING PARTNERSHIP INC (EIN 204216595) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

KATHLEEN F LABORDE

Phone

5045252505

Tax Period

2023-01-01 to 2023-12-31

GULF COAST HOUSING PARTNERSHIP INC, founded in 2006, is a mid-sized nonprofit in the Human Services sector that reported $21.8M in total revenue in fiscal year 2023. Expenses of $35.7M exceeded revenue, resulting in a 64% operating deficit.

Mission

IT IS THE MISSION OF GULF COAST HOUSING PARTNERSHIP (GCHP) TO REVITALIZE THE GULF COAST THROUGH TRANSFORMATIVE DEVELOPMENT. WORKING IN PARTNERSHIP WITH PUBLIC, NONPROFIT, AND PRIVATE ENTITIES, GCHP WILL CREATE VIBRANT, HIGH-QUALITY COMMUNITIES WHICH ARE SOCIALLY AND INTEGRATED, AFFORDABLE, AND SUSTAINABLE.

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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 $3,590,058

Program Service Revenue $6,732,296

Investment Income $-3,943,134

Other Revenue $15,425,958

TOTAL REVENUE $21,805,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,994,083

Fundraising Expenses $0

Program Expenses $35,666,145

Other Expenses $27,672,062

TOTAL EXPENSES $35,666,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,805,178	$20,232,580	+0.1%
Expenses	$35,666,145	$10,335,270	+2.5%
Net Income	$-13,860,967	$9,897,310	-2.4%

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

N/A

Independent Members

N/A

Employees

170

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BLEDSOE	DIRECTOR	0.50	Director	$0	$0	$0
REVEREND WILLIE GABLE JR	DIRECTOR	0.50	Director	$0	$0	$0
FRAN WAGSTAFF	DIRECTOR	0.50	Director	$0	$0	$0
HELEN WERBY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HORHN	DIRECTOR	0.50	Director	$0	$0	$0
NANCY RASE	DIRECTOR	0.50	Director	$0	$0	$0
GARY A COBBS	DIRECTOR	0.50	Director	$0	$0	$0
MTUMISHI ST JULIEN	DIRECTOR	0.50	Director	$0	$0	$0
GWENDOLYN HAMILTON HEBERT-MAGEE	DIRECTOR	0.50	Director	$0	$0	$0
SHANTEL HEBERT-MAGEE	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH RAINES	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN CAMPBELL	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN LABORDE	PRESIDENT AND CEO	40.00	Officer	$0	$0	$0
GRETCHEN EDINBURGH	SECRETARY	40.00	Officer	$0	$0	$0
TROY VILLA	TREASURER	2.00	Officer	$0	$0	$0
MICHELLE WHETTEN	CHAIR	2.00	Officer	$0	$0	$0
SEAN BRUNO	VICE CHAIR	2.00	Officer	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$21,805,178	$35,666,145	$508,844,760	$-13,860,967
2022	$20,232,580	$10,335,270	$137,077,099	$9,897,310
2021	$19,557,518	$9,234,882	$98,650,229	$10,322,636
2021	$19,557,129	$9,234,882	$98,649,840	$10,322,247
2020	$24,140,776	$8,373,286	$108,507,074	$15,767,490
2019	$19,804,942	$9,177,771	$87,982,557	$10,627,171
2018	$13,781,284	$6,772,281	$77,791,988	$7,009,003

GULF COAST HOUSING PARTNERSHIP INC