COASTAL BAY PROPERTIES 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

Tax Period

2018-10-01 to 2019-09-30

COASTAL BAY PROPERTIES INC, founded in 1996, is a small nonprofit that reported $141K in total revenue in fiscal year 2018. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $481K exceeded revenue, resulting in a 241% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO RESIDENTS WHO EXPERIENCE DIFFICULTYACCESSING RESOURCES, INCLUDING BUT NOT LIMITED TO, LOW INCOMERESIDENTS, VETERANS AND RESIDENTS FROM THE HIV/AIDS POPULATION

Program Service Accomplishments

Program 1

Expenses: $480,537 Revenue: $140,727

WEATHERIZATION SERVICES - COASTAL BAY PROPERTIES, INC. PROVIDESWEATHERIZATION SERVICES WHICH CONSIST OF COST-EFFECTIVE ENERGYEFFICIENT MEASURES FOR EXISTING RESIDENTIAL AND MULTI-FAMILY HOUSINGWITH LOW INCOME RESIDENTS. UNDER THIS DEFINITION, IT INCLUDES A WIDEVARIETY OF ENERGY EFFICIENCY MEASURES THAT ENCOMPASS THE BUILDINGENVELOPE, ITS HEATING AND COOLING SYSTEMS, ITS ELECTRICAL SYSTEM ANDELECTRICITY-CONSUMING APPLIANCES. THE BENEFITS OF WEATHERIZATION BEGINWITH REDUCING THE ENERGY BILLS OF RECIPIENTS FOR A LONG PERIOD OF TIME.SOME MEASURES, SUCH AS INSULATING WALLS OR ROOFS, FOR EXAMPLE, CANPROVIDE SAVINGS FOR THE LIFETIME OF A HOUSE, 30 YEARS OR MORE. OTHERMEASURES, SUCH AS MAKING HEATING OR COOLING EQUIPMENT MORE EFFICIENT,WILL PROVIDE SAVINGS FOR 10-15 YEARS. ON AVERAGE, THE VALUE OF THE299,894. 130,925.LOW INCOME HOUSING - COASTAL BAY PROPERTIES, INC. PROVIDES LOW INCOMEHOUSING TO RESIDENTS WHO EXPERIENCE DIFFICULTY ACCESSING RESOU WEATHERIZATION SERVICES - COASTAL BAY PROPERTIES, INC. PROVIDESWEATHERIZATION SERVICES WHICH CONSIST OF COST-EFFECTIVE ENERGYEFFICIENT MEASURES FOR EXISTING RESIDENTIAL AND MULTI-FAMILY HOUSINGWITH LOW INCOME RESIDENTS. UNDER THIS DEFINITION, IT INCLUDES A WIDEVARIETY OF ENERGY EFFICIENCY MEASURES THAT ENCOMPASS THE BUILDINGENVELOPE, ITS HEATING AND COOLING SYSTEMS, ITS ELECTRICAL SYSTEM ANDELECTRICITY-CONSUMING APPLIANCES. THE BENEFITS OF WEATHERIZATION BEGINWITH REDUCING THE ENERGY BILLS OF RECIPIENTS FOR A LONG PERIOD OF TIME.SOME MEASURES, SUCH AS INSULATING WALLS OR ROOFS, FOR EXAMPLE, CANPROVIDE SAVINGS FOR THE LIFETIME OF A HOUSE, 30 YEARS OR MORE. OTHERMEASURES, SUCH AS MAKING HEATING OR COOLING EQUIPMENT MORE EFFICIENT,WILL PROVIDE SAVINGS FOR 10-15 YEARS. ON AVERAGE, THE VALUE OF THE LOW INCOME HOUSING - COASTAL BAY PROPERTIES, INC. PROVIDES LOW INCOMEHOUSING TO RESIDENTS WHO EXPERIENCE DIFFICULTY ACCESSING RESOURCES,INCLUDING BUT NOT LIMITED TO, LOW INCOME RESIDENTS, VETERANS ANDRESIDENTS FROM THE HIV/AIDS POPULATION. CLIENTS WHO RESIDE IN OURAPARTMENTS ARE DISABLED AND UNABLE TO BE EMPLOYED IN A PART-TIMECAPACITY. MORE THAN 90% OF THE RESIDENTS RECEIVE SOME TYPE OF HOUSINGASSISTANCE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $140,727

Investment Income $0

Other Revenue $0

TOTAL REVENUE $140,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $480,537

Other Expenses $480,537

TOTAL EXPENSES $480,537

Year-over-Year Comparison

	2018	2017	Change
Revenue	$140,727	$951,584	-0.9%
Expenses	$480,537	$623,660	-0.2%
Net Income	$-339,810	$327,924	-2.0%

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

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
TANYA JOHNSON-GILCHRIST	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK CRUM	TREASURER	2.00	Officer Director	$0	$0	$0
THERESA LEWIS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOEL BARNUM	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK BLUE	CEO	5.00	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
2019	$140,727	$480,537	$1,926,280	$-339,810
2018	$951,584	$623,660	$2,335,885	$327,924