COASTAL HOUSING PARTNERSHIP

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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

1987

Legal Domicile

Phone

8059691025

Tax Period

2024-01-01 to 2024-12-31

COASTAL HOUSING PARTNERSHIP, founded in 1987, is a small nonprofit that reported $236K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $361K exceeded revenue, resulting in a 53% operating deficit.

Mission

Coastal Housing Partnerships mission is to help Employer Members attract and retain quality employees by offering a variety of housing benefits designed to mitigate the high cost of housing on the South Coast and encourage local homeownership. Having employees live locally enhances economic stability and vitality for everyone in the community. We achieve our mission through leadership, services, education, and guidance.

Program Service Accomplishments

Program 1

Expenses: $237,065 Revenue: $206,774

PROVIDE FINANCIAL ASSISTANCE PROGRAMS AND EDUCATIONAL SERVICES TO LOCAL EMPLOYEES of members TO ASSIST THEM IN ACHIEVING HOME OWNERSHIP. ADDITIONALLY, A RENTAL SEARCH SITE WAS DEVELOPED TO PROVIDE...

PROVIDE FINANCIAL ASSISTANCE PROGRAMS AND EDUCATIONAL SERVICES TO LOCAL EMPLOYEES of members TO ASSIST THEM IN ACHIEVING HOME OWNERSHIP. ADDITIONALLY, A RENTAL SEARCH SITE WAS DEVELOPED TO PROVIDE MEMBER EMPLOYEES WITH ACCESS TO INFORMATION ABOUT RESIDENTIAL VACANCIES IN THE LOCAL RENTAL MARKET. THE BOARD OF DIRECTORS CONSISTS OF REPRESENTATIVES FROM LOCAL MAJOR EMPLOYERS, COMMUNITY GROUPS, AND GOVERNMENTAL AGENCIES. THE ORGANIZATION IS FUNDED THROUGH CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS.

Program 2

Expenses: $16,511 Revenue: $20,881

HOME BUYING FAIRS HOSTED IN 2023.THESE FAIRS WERE STARTED TO PROVIDE EDUCATION TO BOTH MEMBERS AND NON MEMBERS ABOUT HOME BUYING OPPORTUNITIES IN SANTA BARBARA COUNTY and VENTURA COUNTY. CLASSES ARE OFFERED ON THE TOPICS OF GOOD CREDIT, DOWN PAYMENTS, BUDGETING, OBTAINING HOME LOANS, AND AFFORDABILITY OF A HOME PURCHASE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $227,655

Investment Income $8,346

Other Revenue $0

TOTAL REVENUE $236,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,314

Fundraising Expenses $0

Program Expenses $253,576

Other Expenses $115,982

TOTAL EXPENSES $361,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,001	$261,609	-0.1%
Expenses	$361,296	$260,328	+0.4%
Net Income	$-125,295	$1,281	-98.8%

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

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

$177,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORBY GAGE thur 8524	Executive Dir.	40.00	Officer	$121,376	$0	$121,376
Jonathan Peterson-start 8524	Executive Dir.	40.00	Officer	$55,860	$0	$55,860
Lori Murray	Director	1.00	Director	$0	$0	$0
Cathy Macaulay	Vice President	1.00	Officer Director	$0	$0	$0
AMBER EATON	Director	1.00	Director	$0	$0	$0
BRIAN JOHNSON	CFO	1.00	Director	$0	$0	$0
BJ WARD	President	1.00	Officer Director	$0	$0	$0
DIANA LOVAN	Director	1.00	Director	$0	$0	$0
YVONNE TORRES	Director	1.00	Director	$0	$0	$0
JENNIFER FELTEN	Director	1.00	Director	$0	$0	$0
JANET EASTMAN	Secretary	1.00	Officer Director	$0	$0	$0
SELENA BRACAMONTES	Director	1.00	Director	$0	$0	$0
LINDA HALL	Director	1.00	Director	$0	$0	$0
MICHELLE ROMERO	Director	1.00	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
2024	$236,001	$361,296	$161,068	$-125,295
2023	$261,609	$260,328	$286,155	$1,281
2022	$257,413	$229,462	$284,874	$27,951
2021	$235,260	$198,549	$256,923	$36,711
2020	$263,887	$209,496	$222,267	$54,391
2019	$276,436	$243,413	$167,876	$33,023
2018	$266,064	$195,879	$134,255	$70,185