Gulf Coast Housing Initiative Inc
Gulf Coast Housing Initiative Inc. shows inconsistent financial performance with no executive compensation.
EIN: 20812143 · Biloxi, MS · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $405K |
| Total Expenses | $172K |
| Program Spending | 85% |
| Net Assets | $454K |
| Transparency Score | 75/100 |
Is Gulf Coast Housing Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gulf Coast Housing Initiative Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gulf Coast Housing Initiative Inc
Gulf Coast Housing Initiative Inc (EIN: 20812143) is a nonprofit organization based in Biloxi, MS, classified under NTEE code L21. The organization reported total revenue of $405K and total assets of $414K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gulf Coast Housing Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gulf Coast Housing Initiative Inc is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $138K |
| Total Expenses | $172K |
| Surplus / Deficit | $-33,366 |
| Total Assets | $692K |
| Total Liabilities | $239K |
| Net Assets | $454K |
| Operating Margin | -24.1% |
| Debt-to-Asset Ratio | 34.5% |
| Months of Reserves | 48.3 months |
Financial Health Grade: B
In 2021, Gulf Coast Housing Initiative Inc reported a deficit of $33K with expenses exceeding revenue, holds 48.3 months of operating reserves (strong position), has a debt-to-asset ratio of 34.5% (moderate leverage).
Financial Trends
Over 10 years of filings (2012–2021), Gulf Coast Housing Initiative Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -55.2% | +2.0% | +16.8% |
| 2020 | +39.6% | -46.4% | +70.2% |
| 2019 | +6.5% | +57.0% | -21.2% |
| 2018 | -42.9% | -34.4% | +0.2% |
| 2017 | +131.4% | +75.7% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gulf Coast Housing Initiative Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gulf Coast Housing Initiative Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for direct mission impact.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gulf Coast Housing Initiative Inc's IRS 990 filings:
- Inconsistent financial performance with periods of expenses exceeding revenue (e.g., 2021, 2019, 2016, 2013).
- Significant fluctuations in liabilities, reaching $238,569 in 2021 after being $0 in 2015.
Strengths
The following positive indicators were identified for Gulf Coast Housing Initiative Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Overall growth in assets over the decade, from $194,084 in 2012 to $413,622 currently.
- Strong program focus implied by NTEE code L21 (Housing Development, Construction & Management).
Frequently Asked Questions about Gulf Coast Housing Initiative Inc
Is Gulf Coast Housing Initiative Inc a legitimate charity?
Gulf Coast Housing Initiative Inc (EIN: 20812143) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $405K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gulf Coast Housing Initiative Inc spend its money?
Gulf Coast Housing Initiative Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gulf Coast Housing Initiative Inc tax-deductible?
Gulf Coast Housing Initiative Inc is registered as a tax-exempt nonprofit (EIN: 20812143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gulf Coast Housing Initiative Inc's spending goes to programs?
Gulf Coast Housing Initiative Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gulf Coast Housing Initiative Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gulf Coast Housing Initiative Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gulf Coast Housing Initiative Inc located?
Gulf Coast Housing Initiative Inc is headquartered in Biloxi, Mississippi and files with the IRS under EIN 20812143. It is classified under NTEE code L21.
How many years of IRS 990 filings does Gulf Coast Housing Initiative Inc have?
Gulf Coast Housing Initiative Inc has 10 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 $405K in total revenue.
Is Gulf Coast Housing Initiative Inc. financially stable?
The organization's financial stability is inconsistent, with revenue exceeding expenses in some years (e.g., 2020: Revenue $308,876, Expenses $168,434) and expenses exceeding revenue in others (e.g., 2021: Revenue $138,497, Expenses $171,863). This fluctuation suggests potential challenges in consistent funding or expense management.
How does the organization manage its liabilities?
Liabilities have varied significantly, from $0 in 2015 to a high of $238,569 in 2021. This variability suggests that the organization may take on debt or have fluctuating short-term obligations, which warrants further investigation into their financial management practices.
What is the trend in the organization's assets?
Assets have generally grown over the decade, from $194,084 in 2012 to $413,622 currently, reaching a peak of $692,343 in 2021. This indicates some asset accumulation, though it has also seen declines, such as from $692,343 in 2021 to the current $413,622.
Filing History
IRS 990 filing history for Gulf Coast Housing Initiative Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Gulf Coast Housing Initiative Inc's revenue has declined by 59.2%, moving from $340K to $138K. Total assets increased by 256.7% over the same period, from $194K to $692K. Total functional expenses fell by 2.9%, from $177K to $172K. In its most recent filing year (2021), Gulf Coast Housing Initiative Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $239K in liabilities against $692K in assets (debt-to-asset ratio: 34.5%), resulting in net assets of $454K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $138K | $172K | $692K | $239K | — | View 990 |
| 2020 | $309K | $168K | $593K | $106K | — | View 990 |
| 2019 | $221K | $314K | $348K | $2K | — | View 990 |
| 2018 | $208K | $200K | $442K | $2K | — | View 990 |
| 2017 | $364K | $305K | $441K | $9K | — | — |
| 2016 | $157K | $174K | $431K | $57K | — | View 990 |
| 2015 | $406K | $302K | $391K | $0 | — | View 990 |
| 2014 | $769K | $665K | $421K | $135K | — | View 990 |
| 2013 | $196K | $226K | $204K | $22K | — | View 990 |
| 2012 | $340K | $177K | $194K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $138K, expenses of $172K, and assets of $692K (revenue -55.2% year-over-year).
- 2020: Revenue of $309K, expenses of $168K, and assets of $593K (revenue +39.6% year-over-year).
- 2019: Revenue of $221K, expenses of $314K, and assets of $348K (revenue +6.5% year-over-year).
- 2018: Revenue of $208K, expenses of $200K, and assets of $442K (revenue -42.9% year-over-year).
- 2017: Revenue of $364K, expenses of $305K, and assets of $441K (revenue +131.4% year-over-year).
- 2016: Revenue of $157K, expenses of $174K, and assets of $431K (revenue -61.3% year-over-year).
- 2015: Revenue of $406K, expenses of $302K, and assets of $391K (revenue -47.2% year-over-year).
- 2014: Revenue of $769K, expenses of $665K, and assets of $421K (revenue +291.7% year-over-year).
- 2013: Revenue of $196K, expenses of $226K, and assets of $204K (revenue -42.2% year-over-year).
- 2012: Revenue of $340K, expenses of $177K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gulf Coast Housing Initiative Inc:
Data Sources and Methodology
This transparency report for Gulf Coast Housing Initiative 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.