Coastal Housing Corporation
EIN: 50488686 · Portsmouth, RI · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $202K |
| Total Expenses | $204K |
| Net Assets | $262K |
Is Coastal Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coastal Housing Corporation
Coastal Housing Corporation (EIN: 50488686) is a nonprofit organization based in Portsmouth, RI, classified under NTEE code L20. The organization reported total revenue of $202K and total assets of $825K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Housing Corporation is a small nonprofit that has been operating for 30 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $204K |
| Surplus / Deficit | $-2,197 |
| Total Assets | $825K |
| Total Liabilities | $563K |
| Net Assets | $262K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 68.3% |
| Months of Reserves | 48.6 months |
Financial Health Grade: C
In 2017, Coastal Housing Corporation reported a deficit of $2K with expenses exceeding revenue, holds 48.6 months of operating reserves (strong position), has a debt-to-asset ratio of 68.3% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Coastal Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +16.8% | -5.4% | +4.1% |
| 2016 | -1.9% | +1.4% | -2.7% |
| 2015 | +15.7% | +17.0% | -5.4% |
| 2014 | -1.0% | -1.5% | -0.3% |
| 2013 | -14.9% | -8.3% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Coastal Housing Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coastal Housing Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.3%.
Frequently Asked Questions about Coastal Housing Corporation
Is Coastal Housing Corporation a legitimate charity?
Coastal Housing Corporation (EIN: 50488686) is a registered tax-exempt nonprofit based in Rhode Island. It has 7 years of IRS 990 filings on record. Total revenue: $202K. No red flags identified. Financial health grade: C.
How does Coastal Housing Corporation spend its money?
Coastal Housing Corporation reported $202K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Coastal Housing Corporation tax-deductible?
Coastal Housing Corporation is registered as a tax-exempt nonprofit (EIN: 50488686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coastal Housing Corporation located?
Coastal Housing Corporation is headquartered in Portsmouth, Rhode Island and files with the IRS under EIN 50488686. It is classified under NTEE code L20.
How many years of IRS 990 filings does Coastal Housing Corporation have?
Coastal Housing Corporation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $202K in total revenue.
Filing History
IRS 990 filing history for Coastal Housing Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Coastal Housing Corporation's revenue has grown by 20.7%, moving from $167K to $202K. Total assets decreased by 5.8% over the same period, from $876K to $825K. Total functional expenses rose by 36.6%, from $149K to $204K. In its most recent filing year (2017), Coastal Housing Corporation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $563K in liabilities against $825K in assets (debt-to-asset ratio: 68.3%), resulting in net assets of $262K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $202K | $204K | $825K | $563K | — | View 990 |
| 2016 | $172K | $215K | $793K | $529K | — | — |
| 2015 | $176K | $213K | $815K | $507K | — | View 990 |
| 2014 | $152K | $182K | $861K | $428K | — | View 990 |
| 2013 | $153K | $184K | $864K | $401K | — | View 990 |
| 2012 | $180K | $201K | $864K | $370K | — | View 990 |
| 2011 | $167K | $149K | $876K | $361K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $202K, expenses of $204K, and assets of $825K (revenue +16.8% year-over-year).
- 2016: Revenue of $172K, expenses of $215K, and assets of $793K (revenue -1.9% year-over-year).
- 2015: Revenue of $176K, expenses of $213K, and assets of $815K (revenue +15.7% year-over-year).
- 2014: Revenue of $152K, expenses of $182K, and assets of $861K (revenue -1.0% year-over-year).
- 2013: Revenue of $153K, expenses of $184K, and assets of $864K (revenue -14.9% year-over-year).
- 2012: Revenue of $180K, expenses of $201K, and assets of $864K (revenue +8.0% year-over-year).
- 2011: Revenue of $167K, expenses of $149K, and assets of $876K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Housing Corporation:
Data Sources and Methodology
This transparency report for Coastal Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.