Gulfstream Goodwill Industries Inc
- Assets
- $57.0m
- Revenue
- $55.5m
- Investments
- $666.8k
- Employees
- 1,190
- Location
- West Palm Beach, FL
- Founding
- 07/1967
- Data as of
- 12/2023
- EIN
- 59-1197040
Organization Overview
Gulfstream Goodwill Industries Inc is located in West Palm Beach, FL. The organization was established in 1967. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2023, Gulfstream Goodwill Industries Inc employed 1,190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulfstream Goodwill Industries Inc 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 12/2023, Gulfstream Goodwill Industries Inc generated $55.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $59.5m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GULFSTREAM GOODWILL CHANGES LIVES THROUGH HOUSING, TRAINING, EDUCATION AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GULFSTREAM GOODWILL OPERATES FOUR HOUSING RESOURCE CENTERS FOR PALM BEACH COUNTY SERVING INDIVIDUALS ON THE WAITLIST AND IN OUR SHELTERS. GULFSTREAM GOODWILL IS THE LARGEST PROVIDER OF SHELTER SERVCES IN THE FIVE TERRITORIES IN WHICH WE OPERATE. WE ARE THE SINGLE POINT OF HOUSING SERVICES IN THE COUNTY BY PROVIDING NAVIGATION TO SERVICES FROM THE PHILIP D LEWIS CENTER WHICH IS A 60-BED FACILITY. WE ALSO OPERATE THE 66-BED HOUSING RESOURCE CENTER IN LAKE WORTH AND TWO SHELTERS, ONE IN BELLE GLADE AND A FAMILY SHELTER IN PAHOKEE. OUR OWNED AFFORDABLE HOUSING INCLUDES HOME ON J STREET, A 17 UNIT COMPLEX AND HOME ON M STREET A 9 UNIT COMPLEX FOR CHRONICALLY HOMELESS INDIVDUALS. OUR HOUSE ON TAMARIND IS A 6 UNIT COMPLEX FOR INDIVIDUALS WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES. WE OPERATE 50 SCATTERED SITE APARTMENT FOR THOSE WHO NEED PERMANENT SUPPORTIVE HOUSING. IN 2023, GULFSTREAM GOODWILL SERVED A TOTAL OF 3,935 INDIVIDUALS THROUGH NAVIGATION, SHELTER, AND PERMANENT SUPPORTIVE HOUSING, PROVIDING MORE THAN 70,000 NIGHTS OF SHELTER.
PROVIDES JOB TRAINING AND SUPPORTED EMPLOYMENT FOR INDIVIDUALS WITH DISABILITIES WITHIN ONE OF THE TWO SOCIAL ENTERPRISES THAT GULFSTREAM GOODWILL OPERATES. GOOD GRUBS IS A SOCIAL ENTERPRISE WHICH OPENED IN JUNE 2023 TO TRAIN THE CAREER ACADEMY STUDENTS IN A COMMERCIAL KITCHEN SETTING. THE PROGRAM REQUIRES STUDENTS TO PASS THEIR SERVSAFE CERTIFICATION AND LEARN THE CIRRICULA THAT WILL SUPPORT THE STUDENTS AS THEY MOVE INTO COMPETITIVE EMPLOYMENT WITH ONE OF OUR COMMUNITY PARTNERS. GOOD PRINTS IS A SOCIAL PRINT SHOP ENTERPRISE WHICH ALLOWS GGI TO TRAIN INDIVIDUALS IN OUR CAPABILITIES PROGRAM THE VARIOUS JOBS WITHIN A PRINT SHOP WITH AN ON-LINE PRESENCE. THE CIRRICULA INCLUDES WEB DESIGN, CREATIVE DESIGN, SCREEN PRINTING, DTG, DTF, WAREHOUSING, LOGISTICS AND SHIPPING. IN 2023, GULSTREAM GOODWILL AND THE CAREER ACADEMY OF THE PALM BEACHES SERVED MORE THAN 87 PARTICIPANTS AND PLACED 65% OF THE CAREER ACADEMY STUDENTS IN COMPETITIVE EMPLOYMENT AND PROVIDING A MINIMUM WAGE SUPPORTED EMPLOYMENT JOB FOR GULFSTREAM GOODWILL'S CAPAPBILITIES PROGRAM. IN 2023, 147 INDIVIDUALS WERE PLACED AT INTEGRATED COMMUNITY WORKSITES OR EARNED AT PAYCHECK AT GULFSTREAM GOODWILL.
GULFSTREAM GOODWILL PROVIDES TRAINING AND JOB OPPORTUNITIES TO INDIVIDUALS WITH BARRIERS THAT ATTEND BOTH OUR CAREER ACADEMY OF THE PALM BEACHES AND OUR ADULT DAY TRAINING PROGRAMS. THE PROGRAM OFFERS JOB TRAINING IN ONE OF GGI'S SOCIAL ENTERPRISES; THE GOOD PRINTS PRINT SHOP AND THE GOOD GRUBS COMMERCIAL KITCHEN. IN 2023, 47 INDIVIDUALS RECEIVED EMPLOYABILITY, SKILL-BUILDING AND TRAINING IN SCREEN PRINTING, DESIGN, INVENTORY AND QUALITY ASSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Mccabe Chair | OfficerTrustee | 1 | $0 |
Dan Barsky Vice Chair | OfficerTrustee | 1 | $0 |
Katie Colon Treasurer | OfficerTrustee | 1 | $0 |
Amy Testa Secretary | OfficerTrustee | 1 | $0 |
Michael Cowan Director | Trustee | 1 | $0 |
Carl Nicola Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryder Integrated Logistics Transportation Services | 12/30/23 | $3,526,514 |
Certified National Service Llc Hvac Services | 12/30/23 | $490,107 |
Hammoq Inc E-commerce | 12/30/23 | $185,930 |
Synergi Partners Inc Consulting Services | 12/30/23 | $172,391 |
Nabil Karroum Md Pa Contract Labor | 12/30/23 | $123,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,919,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,373,063 |
| Noncash contributions included in lines 1a–1f | $37,729,002 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,292,186 |
| Total Program Service Revenue | $3,467,123 |
| Investment income | $52,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $398,242 |
| Net Gain/Loss on Asset Sales | -$26,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,290,694 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,477,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,350 |
| Grants and other assistance to domestic individuals. | $163,797 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,114,413 |
| Compensation of current officers, directors, key employees. | $1,319,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,676,671 |
| Pension plan accruals and contributions | $470,276 |
| Other employee benefits | $1,618,545 |
| Payroll taxes | $2,505,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,801 |
| Fees for services: Accounting | $108,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,750 |
| Fees for services: Other | $5,178,035 |
| Advertising and promotion | $275,131 |
| Office expenses | $1,243,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,817,979 |
| Travel | $462,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,603 |
| Interest | $215,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,294,079 |
| Insurance | $0 |
| All other expenses | $4,626 |
| Total functional expenses | $59,547,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,093 |
| Savings and temporary cash investments | $240,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,547,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,080,719 |
| Prepaid expenses and deferred charges | $1,555,549 |
| Net Land, buildings, and equipment | $5,116,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $666,829 |
| Investments—program-related | $0 |
| Intangible assets | $11,444 |
| Other assets | $43,662,832 |
| Total assets | $56,953,825 |
| Accounts payable and accrued expenses | $6,304,852 |
| Grants payable | $0 |
| Deferred revenue | $545,028 |
| 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 | $805,799 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,163,643 |
| Total liabilities | $50,819,322 |
| Net assets without donor restrictions | $6,099,597 |
| Net assets with donor restrictions | $34,906 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,953,825 |
Grants Awarded
Over the last fiscal year, Gulfstream Goodwill Industries Inc has awarded $31,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE INC PURPOSE: DISASTER RELIEF | $10,000 |
FL GOODWILL ASSOCIATION PURPOSE: DISASTER RELIEF | $15,000 |
JUNIOR ACHIEVEMENT OF THE PALM BEACHES & TREASURE COAST PURPOSE: GOLF TOURNEY SPONSORSHIP | $6,200 |