EMERALD COAST HOUSING II 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

1996

Legal Domicile

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.

Mission

THE CORPORATION SHALL PROVIDE POSITIVE HOUSING OPPORTUNITIES TO THOSE FAMILIES OF LOW AND MODEST FINANCIAL MEANS AND SHALL STRIVE TO PROMOTE SELF-RESPECT AND SELF-RELIANCE AMONG ITS RESIDENTS WHILE MAINTAINING THE INTEGRITY OF THE PROPERTIES AND THE FINANCIAL GOALS ESTABLISHED BY THE BOARD OF DIRECTORS.THIS MISSION SHALL BE ACCOMPLISHED THROUGH THE COMPETENT, PROFESSIONAL MANAGEMENT, ACTIVE PARTICIPATION BY THE BOARD OF DIRECTORS, THE RESIDENTS AND THE COMMUNITY, ALL WORKING TOGETHER TO CARE FOR THE PROPERTY AND EACH OTHER.

Program Service Accomplishments

Program 1

Expenses: $2,379,563 Revenue: $2,539,906

CAPTAINS QUARTERS PROJECT- PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN FLORIDA. THIS PROJECT CONSISTS OF 16 PROPERTIES WITH 355 APARTMENT UNITS IN OKALOOSA COUNTY...

CAPTAINS QUARTERS PROJECT- PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN FLORIDA. THIS PROJECT CONSISTS OF 16 PROPERTIES WITH 355 APARTMENT UNITS IN OKALOOSA COUNTY, FLORIDA

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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 (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

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
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