COASTAL AFFORDABLE HOUSING (EIN 223048723) - 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

1989

Legal Domicile

Principal Officer

LINDA PEARSE

Phone

2072364067

Tax Period

2024-01-01 to 2024-12-31

COASTAL AFFORDABLE HOUSING, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $869K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP, OWN AND MANAGE SUBSIDIZED HOUSING UNITS FOR QUALIFIED LOW-INCOME INDIVIDUALS AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $555,522

Program Service Revenue $309,598

Investment Income $4,103

Other Revenue $0

TOTAL REVENUE $869,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,278

Fundraising Expenses $0

Program Expenses $789,036

Other Expenses $804,452

TOTAL EXPENSES $869,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$869,223	$753,414	+0.2%
Expenses	$869,730	$849,670	+0.0%
Net Income	$-507	$-96,256	-1.0%

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

N/A

Volunteers

N/A

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
BRENDA MONSON	TREASURER	5.00	Director	$0	$0	$0
GWEN BRODIS	DIRECTOR	5.00	Director	$0	$0	$0
PEGGY LUDWIG	DIRECTOR	5.00	Director	$0	$0	$0
LINDA PEARSE	EXECUTIVE DIRECTOR	5.00	Director	$0	$0	$0
RAE ANN FEYLER	VICE PRESIDENT	5.00	Director	$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	$869,223	$869,730	$1,956,227	$-507
2023	$753,414	$849,670	$2,040,853	$-96,256
2022	$716,133	$815,440	$2,161,522	$-99,307
2021	$700,170	$797,478	$2,279,536	$-97,308
2020	$682,185	$775,538	$2,413,076	$-93,353
2019	$381,322	$455,599	$1,189,353	$-74,277
2018	$403,503	$457,276	$1,256,959	$-53,773

COASTAL AFFORDABLE HOUSING