EMERALD COAST HOUSING II INC

EIN: 593316619 501(c)(3)

DESTIN, FL

Total Revenue
$3,402,859
Total Expenses
$2,433,283
Total Assets
$10,205,346
Net Assets
$-1,365,352
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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
1996
Legal Domicile
FL
Principal Officer
MICHAEL KENT
Phone
8506646000
Tax Period
2021-10-01 to 2022-09-30

EMERALD COAST HOUSING II INC, founded in 1996, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2021. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $970K, a strong 28% operating margin.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,539,906
Investment Income $3,157
Other Revenue $859,796
TOTAL REVENUE $3,402,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,379,563
Other Expenses $2,433,283
TOTAL EXPENSES $2,433,283

Year-over-Year Comparison

2021 2020 Change
Revenue $3,402,859 $2,502,765 +0.4%
Expenses $2,433,283 $2,417,248 +0.0%
Net Income $969,576 $85,517 +10.3%
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

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Governance

Voting Members
4
Independent Members
4
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA WILCOX PRESIDENT 0.50
Officer Director
$0 $0 $0
REBECCA FREEMAN SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
VENETA FINLEY DIRECTOR 0.50
Director
$0 $0 $0
ROBERT COLE DIRECTOR 0.50
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
2022 $3,402,859 $2,433,283 $10,205,346 $969,576
2021 $2,502,765 $2,417,248 $9,400,072 $85,517
2020 $3,012,001 $2,377,028 $9,442,513 $634,973
2019 $2,238,814 $2,251,814 $9,092,329 $-13,000
2018 $12,209,189 $3,757,884 $9,276,854 $8,451,305
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