Coastal Bay Properties Inc
- Assets
- $1.9m
- Revenue
- $140.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 06/1999
- Data as of
- 09/2019
- EIN
- 59-3401549
Organization Overview
Coastal Bay Properties Inc is located in Tampa, FL. The organization was established in 1999. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Bay Properties 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 09/2019, Coastal Bay Properties Inc generated $140.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $480.5k during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING TO RESIDENTS WHO EXPERIENCE DIFFICULTYACCESSING RESOURCES, INCLUDING BUT NOT LIMITED TO, LOW INCOMERESIDENTS, VETERANS AND RESIDENTS FROM THE HIV/AIDS POPULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION SERVICES - COASTAL BAY PROPERTIES, INC. PROVIDESWEATHERIZATION SERVICES WHICH CONSIST OF COST-EFFECTIVE ENERGYEFFICIENT MEASURES FOR EXISTING RESIDENTIAL AND MULTI-FAMILY HOUSINGWITH LOW INCOME RESIDENTS. UNDER THIS DEFINITION, IT INCLUDES A WIDEVARIETY OF ENERGY EFFICIENCY MEASURES THAT ENCOMPASS THE BUILDINGENVELOPE, ITS HEATING AND COOLING SYSTEMS, ITS ELECTRICAL SYSTEM ANDELECTRICITY-CONSUMING APPLIANCES. THE BENEFITS OF WEATHERIZATION BEGINWITH REDUCING THE ENERGY BILLS OF RECIPIENTS FOR A LONG PERIOD OF TIME.SOME MEASURES, SUCH AS INSULATING WALLS OR ROOFS, FOR EXAMPLE, CANPROVIDE SAVINGS FOR THE LIFETIME OF A HOUSE, 30 YEARS OR MORE. OTHERMEASURES, SUCH AS MAKING HEATING OR COOLING EQUIPMENT MORE EFFICIENT,WILL PROVIDE SAVINGS FOR 10-15 YEARS. ON AVERAGE, THE VALUE OF THE299,894. 130,925.LOW INCOME HOUSING - COASTAL BAY PROPERTIES, INC. PROVIDES LOW INCOMEHOUSING TO RESIDENTS WHO EXPERIENCE DIFFICULTY ACCESSING RESOU WEATHERIZATION SERVICES - COASTAL BAY PROPERTIES, INC. PROVIDESWEATHERIZATION SERVICES WHICH CONSIST OF COST-EFFECTIVE ENERGYEFFICIENT MEASURES FOR EXISTING RESIDENTIAL AND MULTI-FAMILY HOUSINGWITH LOW INCOME RESIDENTS. UNDER THIS DEFINITION, IT INCLUDES A WIDEVARIETY OF ENERGY EFFICIENCY MEASURES THAT ENCOMPASS THE BUILDINGENVELOPE, ITS HEATING AND COOLING SYSTEMS, ITS ELECTRICAL SYSTEM ANDELECTRICITY-CONSUMING APPLIANCES. THE BENEFITS OF WEATHERIZATION BEGINWITH REDUCING THE ENERGY BILLS OF RECIPIENTS FOR A LONG PERIOD OF TIME.SOME MEASURES, SUCH AS INSULATING WALLS OR ROOFS, FOR EXAMPLE, CANPROVIDE SAVINGS FOR THE LIFETIME OF A HOUSE, 30 YEARS OR MORE. OTHERMEASURES, SUCH AS MAKING HEATING OR COOLING EQUIPMENT MORE EFFICIENT,WILL PROVIDE SAVINGS FOR 10-15 YEARS. ON AVERAGE, THE VALUE OF THE LOW INCOME HOUSING - COASTAL BAY PROPERTIES, INC. PROVIDES LOW INCOMEHOUSING TO RESIDENTS WHO EXPERIENCE DIFFICULTY ACCESSING RESOURCES,INCLUDING BUT NOT LIMITED TO, LOW INCOME RESIDENTS, VETERANS ANDRESIDENTS FROM THE HIV/AIDS POPULATION. CLIENTS WHO RESIDE IN OURAPARTMENTS ARE DISABLED AND UNABLE TO BE EMPLOYED IN A PART-TIMECAPACITY. MORE THAN 90% OF THE RESIDENTS RECEIVE SOME TYPE OF HOUSINGASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanya Johnson-Gilchrist President | OfficerTrustee | 2 | $0 |
Frank Crum Treasurer | OfficerTrustee | 2 | $0 |
Theresa Lewis Secretary | OfficerTrustee | 2 | $0 |
Derrick Blue CEO | Officer | 5 | $0 |
Joel Barnum Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Home Commercial Repair Specialists Construction | 9/29/16 | $475,381 |
Blue Water Homes Inc Construction | 9/29/16 | $118,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $140,727 |
| Statement of Expenses | |
|---|---|
| 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 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 | $32,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,594 |
| Office expenses | $20,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,069 |
| Travel | $15,510 |
| 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 | $185,655 |
| Insurance | $11,200 |
| All other expenses | $0 |
| Total functional expenses | $480,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,371 |
| 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 | $3,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,926,280 |
| Accounts payable and accrued expenses | $13,259 |
| 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 | $1,095,193 |
| Total liabilities | $1,108,452 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $817,828 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coastal Bay Properties Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: WEATHERIZATION SERVICES | | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Conservancy Of Southwest Florida Inc Naples, FL | $94,704,498 | $12,247,834 |
Alabama Resource Conservation And Development Council Inc Montgomery, AL | $2,356,882 | $9,016,810 |
Sunshine State One-Call Of Florida Inc Debary, FL | $11,078,282 | $8,719,222 |
Sanibel-Captiva Conservation Foundation Inc Sanibel, FL | $41,236,821 | $6,688,886 |
Coral Restoration Foundation Inc Tavernier, FL | $10,072,417 | $6,671,082 |
Florida Three Rivers Resource Conservation And Development Milton, FL | $524,956 | $2,767,721 |
Southern Conservation Trust Inc Fayetteville, GA | $28,472,286 | $75,606 |
Tampa Baywatch Inc Tierra Verde, FL | $7,135,035 | $3,077,019 |
Okefenokee Swamp Park Inc Waycross, GA | $1,326,346 | $1,814,142 |
Nokuse Education Inc Freeport, FL | $19,059,829 | $1,096,271 |
Groundwork Jacksonville Inc Jacksonville, FL | $1,550,608 | $1,461,498 |
Conservation Foundation Of The Gulf Coast Inc Osprey, FL | $34,289,392 | $2,696,865 |