Coastal Housing Development Corporation Inc
EIN: 262765075 · Myrtle Beach, SC · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $6K |
| Net Assets | $109K |
Is Coastal Housing Development Corporation Inc 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 Development Corporation Inc
Coastal Housing Development Corporation Inc (EIN: 262765075) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code L20. The organization reported total revenue of $34K and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Housing Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Housing Development Corporation Inc is a micro nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $6K |
| Surplus / Deficit | +$34K |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | 84.7% |
| Months of Reserves | 212.8 months |
Financial Health Grade: A
In 2023, Coastal Housing Development Corporation Inc reported a surplus of $34K with revenue exceeding expenses, holds 212.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Coastal Housing Development Corporation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | -17.0% | -4.2% |
| 2019 | -100.0% | -82.8% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Coastal Housing Development Corporation Inc 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 Development Corporation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
Frequently Asked Questions about Coastal Housing Development Corporation Inc
Is Coastal Housing Development Corporation Inc a legitimate charity?
Coastal Housing Development Corporation Inc (EIN: 262765075) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $34K. No red flags identified. Financial health grade: A.
How does Coastal Housing Development Corporation Inc spend its money?
Coastal Housing Development Corporation Inc reported $34K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Coastal Housing Development Corporation Inc tax-deductible?
Coastal Housing Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 262765075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coastal Housing Development Corporation Inc located?
Coastal Housing Development Corporation Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 262765075. It is classified under NTEE code L20.
How many years of IRS 990 filings does Coastal Housing Development Corporation Inc have?
Coastal Housing Development Corporation Inc has 12 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 $34K in total revenue.
Filing History
IRS 990 filing history for Coastal Housing Development Corporation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Coastal Housing Development Corporation Inc's revenue has declined by 57.5%, moving from $94K to $40K. Total assets increased by 16.2% over the same period, from $94K to $109K. Total functional expenses rose by 1039.6%, from $540 to $6K. In its most recent filing year (2023), Coastal Housing Development Corporation Inc reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $6K | $109K | $0 | — | View 990 |
| 2022 | $0 | $4K | $75K | $0 | — | View 990 |
| 2021 | $0 | $3K | $79K | $0 | — | — |
| 2020 | $181 | $4K | $83K | $0 | — | View 990 |
| 2019 | $0 | $6K | $87K | $0 | — | View 990 |
| 2018 | $28K | $33K | $92K | $0 | — | View 990 |
| 2017 | $67K | $70K | $102K | $4K | — | View 990 |
| 2016 | $49K | $57K | $101K | $0 | — | View 990 |
| 2015 | $79K | $83K | $108K | $0 | — | View 990 |
| 2014 | $130K | $45K | $116K | $3K | — | View 990 |
| 2013 | $70K | $72K | $27K | $0 | — | View 990 |
| 2012 | $94K | $540 | $94K | $150 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $6K, and assets of $109K.
- 2022: Revenue of $0, expenses of $4K, and assets of $75K.
- 2021: Revenue of $0, expenses of $3K, and assets of $79K (revenue -100.0% year-over-year).
- 2020: Revenue of $181, expenses of $4K, and assets of $83K.
- 2019: Revenue of $0, expenses of $6K, and assets of $87K (revenue -100.0% year-over-year).
- 2018: Revenue of $28K, expenses of $33K, and assets of $92K (revenue -58.5% year-over-year).
- 2017: Revenue of $67K, expenses of $70K, and assets of $102K (revenue +37.1% year-over-year).
- 2016: Revenue of $49K, expenses of $57K, and assets of $101K (revenue -37.6% year-over-year).
- 2015: Revenue of $79K, expenses of $83K, and assets of $108K (revenue -39.3% year-over-year).
- 2014: Revenue of $130K, expenses of $45K, and assets of $116K (revenue +86.2% year-over-year).
- 2013: Revenue of $70K, expenses of $72K, and assets of $27K (revenue -26.0% year-over-year).
- 2012: Revenue of $94K, expenses of $540, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Housing Development Corporation Inc:
Data Sources and Methodology
This transparency report for Coastal Housing Development Corporation Inc 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.