Coastal Housing Partnership
- Assets
- $256.9k
- Revenue
- $235.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Santa Barbara, CA
- Founding
- 08/1987
- Data as of
- 12/2021
- EIN
- 77-0155996
Organization Overview
Coastal Housing Partnership is located in Santa Barbara, CA. The organization was established in 1987. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Coastal Housing Partnership employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Housing Partnership is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Coastal Housing Partnership generated $235.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $198.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COASTAL HOUSING PARTNERSHIP WAS CREATED IN 1987 BY A GROUP OF LOCAL SOUTH COAST EMPLOYERS WHO FOUND IT INCREASINGLY DIFFICULT TO ATTRACT AND RETAIN TALENT DUE TO THE HIGH COST OF HOUSING IN OUR COMMUNITY. THEY PARTNERED WITH A NETWORK OF LOCAL REAL ESTATE PROFESSIONALS WHO OFFER SAVINGS ON THEIR SERVICES TO EMPLOYEES OF COASTAL HOUSING MEMBER COMPANIES. OVER THE PAST 34 YEARS, WEVE EXPANDED OUR HOUSING BENEFITS TO INCLUDE SAVINGS ON HOME PURCHASES, MORTGAGE REFINANCES AND SELECTED APARTMENT RENTALS. OUR NEWLY-LAUNCHED RENTAL SEARCH SITE LISTS RENTAL OPPORTUNITIES IN SANTA BARBARA & VENTURA COUNTIES. WE ALSO PROVIDE EMPLOYEES WITH HOME BUYING EDUCATION SEMINARS, HOME BUYING FAIR NETWORKING EVENTS, AND ONLINE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE PROGRAMS AND EDUCATIONAL SERVICES TO LOCAL EMPLOYEES 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.
TWO HOME BUYING FAIRS, WHICH WERE SCHEDULED FOR APRIL AND SEPTEMBER, WERE CANCELLED DUE TO COVID-19 RESTRICTIONS. THESE FAIRS WERE STARTED TO PROVIDE EDUCATION TO BOTH MEMBERS AND NON MEMBERS ABOUT HOME BUYING OPPORTUNITIES IN SANTA BARBARA COUNTY. CLASSES ARE OFFERED ON THE TOPICS OF GOOD CREDIT, DOWN PAYMENTS, BUDGETING, OBTAINING HOME LOANS, AND AFFORDABILITY OF A HOME PURCHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corby Gage Executive Dir. | Officer | 40 | $109,150 |
Cathy Macaulay Secretary | OfficerTrustee | 1 | $0 |
Elena Mund CFO | OfficerTrustee | 1 | $0 |
Scott Mumbert President | OfficerTrustee | 1 | $0 |
Cristi Michelon Vasquez Vice President | OfficerTrustee | 1 | $0 |
Lori Murray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $235,027 |
| Investment income | $233 |
| 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 | $235,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $109,150 |
| Compensation of current officers, directors, key employees. | $27,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,274 |
| Payroll taxes | $12,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $811 |
| Office expenses | $1,087 |
| Information technology | $15,630 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $128 |
| 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 | $3,820 |
| All other expenses | $1,541 |
| Total functional expenses | $198,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,923 |
| 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 | $256,923 |
| 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 |
| Net assets without donor restrictions | $256,923 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $256,923 |
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