Gulf Coast Housing Assistance Corp
- Assets
- $0.0
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2016
- EIN
- 74-2817930
Organization Overview
Gulf Coast Housing Assistance Corp is located in Atlanta, GA. Gulf Coast Housing Assistance Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2016, Gulf Coast Housing Assistance Corp generated $7.3m in total revenue. All expenses for the organization totaled $7.4m during the year ending 12/2016. While expenses have increased by 1106.4% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS THE PLANTATION APARTMENTS, LOCATED AT 1401 ERIN STREET, MONROE, LA 71201. THE COMPLEX HAS 200 MULTIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE. THE PLANTATION APARTMENTS SOLD IN 2014. THE INCOME AND EXPENSES RELATED TO THIS ARE TO WIND UP THE PROGRAM.
SURPLUSES FROM ACTIVITIES WERE CONTRIBUTED TO FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS, INC. AND FOUNDATION FOR AFFORDABLE RENTAL HOUSING, INC. BOTH ARE 501(C)(3) ORGANIZATIONS WITH A SHARED PURPOSE TO PROVIDE LOW INCOME HOUSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph E Thomas III Director | Trustee | 1 | $0 |
Terence Schwartz Director | Trustee | 1 | $0 |
Robert Barolak President | OfficerTrustee | 1 | $0 |
Stephen Rosenberg Vp/secretary | OfficerTrustee | 1 | $0 |
Lisa Lifshitz Vp/asst. Secretary | OfficerTrustee | 1 | $0 |
Kenneth Rogozinski Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greystone Property Management Corp Payroll Contracting & Management Fees | 12/30/14 | $263,873 |
Aridozzone Enterprizes Property Renovation | 12/30/14 | $271,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,332,026 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,332,026 |
| Total Program Service Revenue | $1,923 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,333,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,386,563 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,662 |
| All other expenses | $18,832 |
| Total functional expenses | $7,412,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Gulf Coast Housing Assistance Corp has awarded $1,245,275 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR AFFORDABLE RENTAL HOUSING INC PURPOSE: TO ASSIST IN PROVIDING OF LOW INCOME HOUSING | $10,000 |
FOUNDATION FOR AFFORDABLE RENTAL HOUSING HOLDINGS INC PURPOSE: TO ASSIST IN PROVIDING OF LOW INCOME HOUSING | $1,235,275 |