GULF COAST ECONOMIC DEVELOPMENT DISTRICT INC

EIN: 760421307 501(c)(3) Community Improvement

Houston, TX

Total Revenue
$2,141,269
Total Expenses
$1,096,887
Total Assets
$7,225,888
Net Assets
$4,992,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
TX
Principal Officer
CHRISTINA ORDONEZ-CAMPOS
Phone
7136273200
Tax Period
2023-07-01 to 2024-06-30

GULF COAST ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 49% operating margin.

Mission

The goal of the GCEDD is to serve as a regional clearinghouse for Economic Development information and provide technical assistance for the purpose of stimulating the economy within the region.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,995,536
Program Service Revenue $115,015
Investment Income $30,718
Other Revenue $0
TOTAL REVENUE $2,141,269

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $329,314
Fundraising Expenses $0
Program Expenses $1,096,887
Other Expenses $757,573
TOTAL EXPENSES $1,096,887

Year-over-Year Comparison

2023 2022 Change
Revenue $2,141,269 $1,784,061 +0.2%
Expenses $1,096,887 $1,082,590 +0.0%
Net Income $1,044,382 $701,471 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
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
22
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chad Burke Member 0.5
Officer
$0 $0 $0
Dane Carlson Member 0.5
Officer
$0 $0 $0
Andrew Van Chau Member 0.5
Officer
$0 $0 $0
Carlos Guzman Member 0.5
Officer
$0 $0 $0
John Isom Member 0.5
Officer
$0 $0 $0
Guy Robert Jackson Member 0.5
Officer
$0 $0 $0
Wendell Null Member 0.5
Officer
$0 $0 $0
Joshua Owens Member 0.5
Officer
$0 $0 $0
Mike Rozell Member 0.5
Officer
$0 $0 $0
Danielle Scheiner Member 0.5
Officer
$0 $0 $0
BJ Simon Member 0.5
Officer
$0 $0 $0
Dianna Grobe Member 0.5
Officer
$0 $0 $0
Marlon D Mitchell Member 0.5
Officer
$0 $0 $0
Gwen Tillotson Member 0.5
Officer
$0 $0 $0
Patti Worfe Member 0.5
Officer
$0 $0 $0
Frank M Jordan Member 0.5
Officer
$0 $0 $0
Michele Hay Member 0.5
Officer
$0 $0 $0
Lance Dean Member 0.5
Officer
$0 $0 $0
Vince Yokom Member 0.5
Officer
$0 $0 $0
Jimmy Henry Member 0.5
Officer
$0 $0 $0
Courtland Holman Member 0.5
Officer
$0 $0 $0
Mike Ferdinand Member 0.5
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
2025 No data No data No data No data
2024 $2,141,269 $1,096,887 $7,225,888 $1,044,382
2023 $1,784,061 $1,082,590 $4,146,709 $701,471
2022 $590,898 $463,801 $3,539,375 $127,097
2021 $1,887,861 $372,545 $3,252,632 $1,515,316
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