Coastal Housing Partnership
Nonprofit profile at a glance
- EIN
- 770155996
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2010
- Location
- Santa Barbara, CA, USA
- Phone
- 8059691025
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $236,001
- Expenses
- $361,296
- Assets
- $161,068
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Cathy Macaulay (Vice President)
- BJ WARD (President)
Highest reported compensation
- CORBY GAGE thur 8524 (Executive Dir.): $121,376 total reported compensation
- Jonathan Peterson-start 8524 (Executive Dir.): $55,860 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Coastal Housing Partnerships mission is to help Employer Members attract and retain quality employees by offering a variety of housing benefits designed to mitigate the high cost of housing on the South Coast and encourage local homeownership. Having employees live locally enhances economic stability and vitality for everyone in the community. We achieve our mission through leadership, services, education, and guidance.
What it reported doing in 2024
Provide financial assistance programs and educational services to local employees of members to assist them in achieving home ownership. Additionally, a rental search site was developed to provide member employees with access to information about residential vacancies in the local rental market. The board of directors consists of representatives from local major employers, community groups, and governmental agencies. The organization is funded through contributions from participating employers.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 70.2%; rating input score 70
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -53.1%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 49.1%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 70.2% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $254K in reported program spending
- Leadership: top reported pay $121K · 14 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 5/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Officer compensation ratio scored 4/100.