Is Gulf Coast Housing Initiative Inc Legit?

Quick charity verification for Gulf Coast Housing Initiative Inc (EIN: 20812143)

Verdict: Gulf Coast Housing Initiative Inc appears trustworthy

75/100Mission Score
$405KRevenue
$414KAssets
2Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Gulf Coast Housing Initiative Inc allocates its funds across programs, administration, and fundraising.

85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Gulf Coast Housing Initiative Inc

Is Gulf Coast Housing Initiative Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Gulf Coast Housing Initiative Inc (EIN: 20812143) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Gulf Coast Housing Initiative Inc a good charity to donate to?

Gulf Coast Housing Initiative Inc has a Mission Score of 75/100. Revenue: $405K. Assets: $414K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gulf Coast Housing Initiative Inc?

The Employer Identification Number (EIN) for Gulf Coast Housing Initiative Inc is 20812143. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Gulf Coast Housing Initiative Inc spend its money?

Gulf Coast Housing Initiative Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gulf Coast Housing Initiative Inc's tax-exempt status?

You can verify Gulf Coast Housing Initiative Inc's tax-exempt status using EIN 20812143 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Gulf Coast Housing Initiative Inc. demonstrates a fluctuating financial performance over the past decade. While the organization reported $405,345 in latest revenue and $413,622 in assets, its financial health has seen significant swings. For instance, in 2021, expenses ($171,863) exceeded revenue ($138,497), leading to a net loss, whereas in 2020, revenue ($308,876) significantly outpaced expenses ($168,434). This inconsistency suggests potential challenges in maintaining stable funding or managing operational costs. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of zero officer compensation suggests a lean operational structure at the top. The organization's NTEE code L21 (Housing Development, Construction & Management) implies a focus on tangible community benefits. The absence of officer compensation also contributes positively to transparency, as it indicates that a significant portion of funds is not being diverted to high executive salaries. However, the variability in revenue and expenses across years warrants closer examination to understand the underlying causes and the organization's long-term sustainability strategy. Overall, while the lack of executive compensation is a strong point for transparency and potential efficiency, the inconsistent financial performance, particularly the periods where expenses exceeded revenue (e.g., 2021, 2019, 2016, 2013), raises questions about financial stability and planning. The organization's ability to manage liabilities, which have ranged from $0 in 2015 to $238,569 in 2021, also needs careful monitoring to ensure long-term viability.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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