Gulf Coast Housing Partnership Inc
Gulf Coast Housing Partnership Inc. shows significant asset growth and positive net income, with no reported officer compensation.
EIN: 204216595 · Kenner, LA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.4M |
| Total Expenses | $10.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500 |
| Net Assets | $94.4M |
| Transparency Score | 80/100 |
Is Gulf Coast Housing Partnership 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 Partnership Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gulf Coast Housing Partnership Inc
Gulf Coast Housing Partnership Inc (EIN: 204216595) is a nonprofit organization based in Kenner, LA, classified under NTEE code P20. The organization reported total revenue of $32.4M and total assets of $536.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gulf Coast Housing Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gulf Coast Housing Partnership Inc is a large nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.2M |
| Total Expenses | $10.3M |
| Surplus / Deficit | +$9.9M |
| Total Assets | $137.1M |
| Total Liabilities | $42.7M |
| Net Assets | $94.4M |
| Operating Margin | 48.9% |
| Debt-to-Asset Ratio | 31.1% |
| Months of Reserves | 159.2 months |
Financial Health Grade: A
In 2022, Gulf Coast Housing Partnership Inc reported a surplus of $9.9M with revenue exceeding expenses, holds 159.2 months of operating reserves (strong position), has a debt-to-asset ratio of 31.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Gulf Coast Housing Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +3.5% | +11.9% | +39.0% |
| 2021 | -19.0% | +10.3% | -9.1% |
| 2020 | +21.9% | -8.8% | +23.3% |
| 2019 | +43.7% | +35.5% | +13.1% |
| 2018 | +59.5% | +11.9% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Partnership Inc with a Mission Score of 80 out of 100 (Excellent). 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 Partnership 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with assets exceeding $500 million and annual revenues in the tens of millions. This suggests executive compensation may be paid through a related organization or reported under other expense categories, potentially obscuring the true cost of leadership.
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 Partnership Inc's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, potentially obscuring true leadership costs.
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Gulf Coast Housing Partnership Inc:
- Significant and consistent asset growth, from $58.9M in 2013 to $536M currently, indicating strong financial management.
- Revenue consistently exceeds expenses, leading to positive net income and increased financial stability.
- Strong financial health with substantial assets to support its mission.
- Consistent growth in revenue over the past decade, from $7.2M in 2013 to over $20M in 2022.
Frequently Asked Questions about Gulf Coast Housing Partnership Inc
Is Gulf Coast Housing Partnership Inc a legitimate charity?
Gulf Coast Housing Partnership Inc (EIN: 204216595) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 80/100. It has 12 years of IRS 990 filings on record. Total revenue: $32.4M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Gulf Coast Housing Partnership Inc spend its money?
Gulf Coast Housing Partnership 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 Partnership Inc tax-deductible?
Gulf Coast Housing Partnership Inc is registered as a tax-exempt nonprofit (EIN: 204216595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gulf Coast Housing Partnership Inc CEO make?
Gulf Coast Housing Partnership Inc's highest-compensated officer earns $500 annually. The organization reported $32.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gulf Coast Housing Partnership Inc's spending goes to programs?
Gulf Coast Housing Partnership Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gulf Coast Housing Partnership Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Gulf Coast Housing Partnership Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gulf Coast Housing Partnership Inc located?
Gulf Coast Housing Partnership Inc is headquartered in Kenner, Louisiana and files with the IRS under EIN 204216595. It is classified under NTEE code P20.
How many years of IRS 990 filings does Gulf Coast Housing Partnership Inc have?
Gulf Coast Housing Partnership 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 $32.4M in total revenue.
How is executive compensation handled if 0% is reported?
The consistent reporting of 0% officer compensation across all filings, despite the organization's significant size and financial activity, suggests that executive compensation may be paid through a related entity or categorized under other expenses, rather than being directly reported as officer compensation on the 990.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown. While overall expenses are well below revenue, a precise understanding of how funds are allocated across programs, administration, and fundraising would require reviewing the full IRS 990, Part IX, Statement of Functional Expenses.
What is the nature of the significant increase in assets from $137 million in 2022 to $536 million in the latest report?
The jump in assets from $137,077,099 in 2022 to $536,050,452 in the latest report is substantial and warrants further investigation. This could be due to significant new investments, property acquisitions, or a revaluation of existing assets, indicating a major expansion or change in financial structure.
Filing History
IRS 990 filing history for Gulf Coast Housing Partnership Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Gulf Coast Housing Partnership Inc's revenue has grown by 249.1%, moving from $5.8M to $20.2M. Total assets increased by 221.5% over the same period, from $42.6M to $137.1M. Total functional expenses rose by 260.3%, from $2.9M to $10.3M. In its most recent filing year (2022), Gulf Coast Housing Partnership Inc reported a surplus of $9.9M, with revenue exceeding expenses. The organization holds $42.7M in liabilities against $137.1M in assets (debt-to-asset ratio: 31.1%), resulting in net assets of $94.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $20.2M | $10.3M | $137.1M | $42.7M | — | View 990 |
| 2021 | $19.6M | $9.2M | $98.6M | $22.4M | — | View 990 |
| 2020 | $24.1M | $8.4M | $108.5M | $34.7M | — | View 990 |
| 2019 | $19.8M | $9.2M | $88.0M | $34.6M | — | View 990 |
| 2018 | $13.8M | $6.8M | $77.8M | $39.0M | — | View 990 |
| 2017 | $8.6M | $6.1M | $67.6M | $37.5M | — | View 990 |
| 2016 | $7.2M | $4.6M | $62.9M | $35.3M | — | View 990 |
| 2015 | $6.7M | $4.3M | $63.4M | $38.6M | — | View 990 |
| 2014 | $6.3M | $5.4M | $60.4M | $38.5M | — | View 990 |
| 2013 | $7.2M | $4.0M | $58.9M | $37.8M | — | View 990 |
| 2012 | $7.9M | $3.5M | $49.3M | $29.9M | — | View 990 |
| 2011 | $5.8M | $2.9M | $42.6M | $27.6M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $20.2M, expenses of $10.3M, and assets of $137.1M (revenue +3.5% year-over-year).
- 2021: Revenue of $19.6M, expenses of $9.2M, and assets of $98.6M (revenue -19.0% year-over-year).
- 2020: Revenue of $24.1M, expenses of $8.4M, and assets of $108.5M (revenue +21.9% year-over-year).
- 2019: Revenue of $19.8M, expenses of $9.2M, and assets of $88.0M (revenue +43.7% year-over-year).
- 2018: Revenue of $13.8M, expenses of $6.8M, and assets of $77.8M (revenue +59.5% year-over-year).
- 2017: Revenue of $8.6M, expenses of $6.1M, and assets of $67.6M (revenue +20.4% year-over-year).
- 2016: Revenue of $7.2M, expenses of $4.6M, and assets of $62.9M (revenue +6.7% year-over-year).
- 2015: Revenue of $6.7M, expenses of $4.3M, and assets of $63.4M (revenue +6.5% year-over-year).
- 2014: Revenue of $6.3M, expenses of $5.4M, and assets of $60.4M (revenue -12.2% year-over-year).
- 2013: Revenue of $7.2M, expenses of $4.0M, and assets of $58.9M (revenue -8.7% year-over-year).
- 2012: Revenue of $7.9M, expenses of $3.5M, and assets of $49.3M (revenue +35.9% year-over-year).
- 2011: Revenue of $5.8M, expenses of $2.9M, and assets of $42.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gulf Coast Housing Partnership Inc:
Data Sources and Methodology
This transparency report for Gulf Coast Housing Partnership 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.