GULFSTREAM GOODWILL INDUSTRIES INC

EIN: 591197040 501(c)(3) Employment

WEST PALM BEACH, FL

Total Revenue
$55,477,278
Total Expenses
$59,547,111
Total Assets
$56,953,825
Net Assets
$6,134,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
FL
Principal Officer
KEITH KENNEDY
Phone
5618487200
Tax Period
2023-01-01 to 2023-12-31

GULFSTREAM GOODWILL INDUSTRIES INC, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $55.5M in total revenue in fiscal year 2023.

Mission

GULFSTREAM GOODWILL CHANGES LIVES THROUGH HOUSING, TRAINING, EDUCATION AND EMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $30,146,275 Revenue: $271,981

GULFSTREAM GOODWILL OPERATES FOUR HOUSING RESOURCE CENTERS FOR PALM BEACH COUNTY SERVING INDIVIDUALS ON THE WAITLIST AND IN OUR SHELTERS. GULFSTREAM GOODWILL IS THE LARGEST PROVIDER OF SHELTER...

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GULFSTREAM GOODWILL OPERATES FOUR HOUSING RESOURCE CENTERS FOR PALM BEACH COUNTY SERVING INDIVIDUALS ON THE WAITLIST AND IN OUR SHELTERS. GULFSTREAM GOODWILL IS THE LARGEST PROVIDER OF SHELTER SERVCES IN THE FIVE TERRITORIES IN WHICH WE OPERATE. WE ARE THE SINGLE POINT OF HOUSING SERVICES IN THE COUNTY BY PROVIDING NAVIGATION TO SERVICES FROM THE PHILIP D LEWIS CENTER WHICH IS A 60-BED FACILITY. WE ALSO OPERATE THE 66-BED HOUSING RESOURCE CENTER IN LAKE WORTH AND TWO SHELTERS, ONE IN BELLE GLADE AND A FAMILY SHELTER IN PAHOKEE. OUR OWNED AFFORDABLE HOUSING INCLUDES HOME ON J STREET, A 17 UNIT COMPLEX AND HOME ON M STREET A 9 UNIT COMPLEX FOR CHRONICALLY HOMELESS INDIVDUALS. OUR HOUSE ON TAMARIND IS A 6 UNIT COMPLEX FOR INDIVIDUALS WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES. WE OPERATE 50 SCATTERED SITE APARTMENT FOR THOSE WHO NEED PERMANENT SUPPORTIVE HOUSING. IN 2023, GULFSTREAM GOODWILL SERVED A TOTAL OF 3,935 INDIVIDUALS THROUGH NAVIGATION, SHELTER, AND PERMANENT SUPPORTIVE HOUSING, PROVIDING MORE THAN 70,000 NIGHTS OF SHELTER.

Program 2
Expenses: $19,231,246 Revenue: $1,873,568

PROVIDES JOB TRAINING AND SUPPORTED EMPLOYMENT FOR INDIVIDUALS WITH DISABILITIES WITHIN ONE OF THE TWO SOCIAL ENTERPRISES THAT GULFSTREAM GOODWILL OPERATES. GOOD GRUBS IS A SOCIAL ENTERPRISE WHICH...

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PROVIDES JOB TRAINING AND SUPPORTED EMPLOYMENT FOR INDIVIDUALS WITH DISABILITIES WITHIN ONE OF THE TWO SOCIAL ENTERPRISES THAT GULFSTREAM GOODWILL OPERATES. GOOD GRUBS IS A SOCIAL ENTERPRISE WHICH OPENED IN JUNE 2023 TO TRAIN THE CAREER ACADEMY STUDENTS IN A COMMERCIAL KITCHEN SETTING. THE PROGRAM REQUIRES STUDENTS TO PASS THEIR SERVSAFE CERTIFICATION AND LEARN THE CIRRICULA THAT WILL SUPPORT THE STUDENTS AS THEY MOVE INTO COMPETITIVE EMPLOYMENT WITH ONE OF OUR COMMUNITY PARTNERS. GOOD PRINTS IS A SOCIAL PRINT SHOP ENTERPRISE WHICH ALLOWS GGI TO TRAIN INDIVIDUALS IN OUR CAPABILITIES PROGRAM THE VARIOUS JOBS WITHIN A PRINT SHOP WITH AN ON-LINE PRESENCE. THE CIRRICULA INCLUDES WEB DESIGN, CREATIVE DESIGN, SCREEN PRINTING, DTG, DTF, WAREHOUSING, LOGISTICS AND SHIPPING. IN 2023, GULSTREAM GOODWILL AND THE CAREER ACADEMY OF THE PALM BEACHES SERVED MORE THAN 87 PARTICIPANTS AND PLACED 65% OF THE CAREER ACADEMY STUDENTS IN COMPETITIVE EMPLOYMENT AND PROVIDING A MINIMUM WAGE SUPPORTED EMPLOYMENT JOB FOR GULFSTREAM GOODWILL'S CAPAPBILITIES PROGRAM. IN 2023, 147 INDIVIDUALS WERE PLACED AT INTEGRATED COMMUNITY WORKSITES OR EARNED AT PAYCHECK AT GULFSTREAM GOODWILL.

Program 3
Expenses: $2,598,817 Revenue: $3,614,973

GULFSTREAM GOODWILL PROVIDES TRAINING AND JOB OPPORTUNITIES TO INDIVIDUALS WITH BARRIERS THAT ATTEND BOTH OUR CAREER ACADEMY OF THE PALM BEACHES AND OUR ADULT DAY TRAINING PROGRAMS. THE PROGRAM...

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GULFSTREAM GOODWILL PROVIDES TRAINING AND JOB OPPORTUNITIES TO INDIVIDUALS WITH BARRIERS THAT ATTEND BOTH OUR CAREER ACADEMY OF THE PALM BEACHES AND OUR ADULT DAY TRAINING PROGRAMS. THE PROGRAM OFFERS JOB TRAINING IN ONE OF GGI'S SOCIAL ENTERPRISES; THE GOOD PRINTS PRINT SHOP AND THE GOOD GRUBS COMMERCIAL KITCHEN. IN 2023, 47 INDIVIDUALS RECEIVED EMPLOYABILITY, SKILL-BUILDING AND TRAINING IN SCREEN PRINTING, DESIGN, INVENTORY AND QUALITY ASSURANCE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $49,292,186
Program Service Revenue $3,467,123
Investment Income $26,328
Other Revenue $2,691,641
TOTAL REVENUE $55,477,278

Expense Breakdown

Grants Paid $185,147
Salaries & Benefits $28,385,669
Fundraising Expenses $567,771
Program Expenses $51,976,338
Other Expenses $30,976,295
TOTAL EXPENSES $59,547,111

Year-over-Year Comparison

2023 2022 Change
Revenue $55,477,278 $54,290,312 +0.0%
Expenses $59,547,111 $58,094,713 +0.0%
Net Income $-4,069,833 $-3,804,401 +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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Governance

Voting Members
18
Independent Members
18
Employees
1190
Volunteers
18

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
11
$1,830,229
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAN MCCABE CHAIR 1.00
Officer Director
$0 $0 $0
DAN BARSKY VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATIE COLON TREASURER 1.00
Officer Director
$0 $0 $0
AMY TESTA SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL COWAN DIRECTOR 1.00
Director
$0 $0 $0
CARL NICOLA DIRECTOR 1.00
Director
$0 $0 $0
CEDRICK THOMAS DIRECTOR 1.00
Director
$0 $0 $0
MARK AITKEN DIRECTOR 1.00
Director
$0 $0 $0
LAUREL BAKER DIRECTOR 1.00
Director
$0 $0 $0
JOHN BANISTER DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
ORLANDO CHIANG DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM CORLEY DIRECTOR 1.00
Director
$0 $0 $0
DONNA SMOLENS DIRECTOR 1.00
Director
$0 $0 $0
CLIVE STUART-FINDLAY DIRECTOR 1.00
Director
$0 $0 $0
DOROTHY TREFTS DIRECTOR 1.00
Director
$0 $0 $0
MARTIN ZIPERN DIRECTOR 1.00
Director
$0 $0 $0
RAY ZUCARO DIRECTOR 1.00
Director
$0 $0 $0
KEITH KENNEDY PRESIDENT AND CEO 58.00
Officer
$414,220 $104,999 $519,219
KAREN DAVIDSON CHIEF FINANCIAL OFFICER 58.00
Officer
$304,636 $65,985 $370,621
KEVIN BENDER CHIEF OPERATING OFFICER 60.00
Officer
$219,226 $15,932 $235,158
KARL TOMECEK VP OF MIS 60.00
Officer
$221,656 $20,632 $242,288
SHANNON MCGHEE VP OF EDUCATION & DEVELOPMENT 60.00
Officer
$135,311 $5,720 $141,031
LAURIE MEYER VP OF HR 60.00
Officer
$157,847 $5,971 $163,818
ERIN KOZLOWSKI VP OF PHILANTHROPY 60.00
Officer
$151,895 $6,199 $158,094
MARY FLACK VP OF MARKETING (END 12/24) 60.00
$129,632 $5,247 $134,879
LAURA CONTRERA VP OF HUMAN SERVICES (END 12/24) 60.00
$138,626 $10,683 $149,309
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 $55,477,278 $59,547,111 $56,953,825 $-4,069,833
2022 $54,290,312 $58,094,713 $63,348,506 $-3,804,401
2021 $55,365,171 $52,347,892 $26,735,282 $3,017,279
2020 $50,072,108 $46,738,709 $25,557,321 $3,333,399
2019 $48,622,390 $51,284,211 $17,338,936 $-2,661,821
2018 $49,601,371 $49,273,897 $19,329,876 $327,474
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