Overview
What is Gulf Coast Housing Partnership Inc?
Gulf Coast Housing Partnership Inc, based in New Orleans, Louisiana, is a nonprofit organization dedicated to revitalizing the Gulf Coast region through transformative development. As of 2021, they have placed in service or have in production a total of 3,850 affordable housing units, including ownership, rental, and supportive housing. An additional 907 units were under construction, and 180 were completed during that year. Through collaborative partnerships with public, nonprofit, and private entities, GCHP delivers industry-standard real estate development expertise throughout the Gulf Coast region. Their mission is to create vibrant, high-quality communities that are socially and economically integrated, affordable, and sustainable. Currently, the organization employs a team of 114 individuals.
Official website here: www.gchp.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Gulf Coast Housing Partnership Inc has received a Three-Star rating from Charity Navigator, indicating a reasonably good level of accountability and finance management. The overall score is solely based on the organization's performance in accountability and finance, which reflects an emphasis on transparency and effective use of resources.
The organization scored particularly well in various categories, such as financial statements, material diversion of assets, and compliance with policies like conflict of interest and whistleblower protections. Its program expense ratio of 86.57% suggests that a significant portion of its funds is directed towards its programs, emphasizing its commitment to its mission.
However, while the accountability and finance aspects are strong, there are no additional ratings or metrics provided, which could give a more rounded view of the organization's overall impact and effectiveness in fulfilling its mission. This limitation means that potential donors and stakeholders should consider other factors beyond just financial accountability when engaging with Gulf Coast Housing Partnership Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Gulf Coast Housing Partnership Inc legitimate?
Gulf Coast Housing Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gulf Coast Housing Partnership Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.gchp.net
What is the mission statement of Gulf Coast Housing Partnership Inc?
The Gulf Coast Housing Partnership (GCHP) is dedicated to revitalizing communities through transformative development. By collaborating with public, nonprofit, and private entities, GCHP creates socially and economically integrated, affordable, and sustainable high-quality communities. As of 2021, GCHP has produced over 3,850 units of affordable housing and 75 commercial or community facilities, with an additional 907 units under construction and 180 completed that year. Through industry-standard real estate development expertise, GCHP has successfully delivered projects in partnership with various sectors across the Gulf Coast region.
Official website here: www.gchp.net
Who is the CEO of Gulf Coast Housing Partnership Inc?
Kathleen F Laborde is the Director of Gulf Coast Housing Partnership Inc.
Official website here: www.gchp.net
What is the revenue of Gulf Coast Housing Partnership Inc?
Gulf Coast Housing Partnership Inc's revenue in 2021 was $19,557,518.
Official website here: www.gchp.net
Who are the executives of Gulf Coast Housing Partnership Inc and what are their salaries?
Where can I find the form 990 for Gulf Coast Housing Partnership Inc?
Gulf Coast Housing Partnership Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.gchp.net
Learn more at the official website: www.gchp.net
Mission Statement of Gulf Coast Housing Partnership Inc
Gulf Coast Housing Partnership Inc, a dedicated organization, is committed to revitalizing communities along the Gulf Coast through transformative development. Working in collaboration with public, nonprofit, and private entities, this visionary partnership brings to life vibrant, high-quality communities that are socially and economically integrated, affordable, and sustainable.
The mission of Gulf Coast Housing Partnership Inc is multifaceted. It aims to create flourishing neighborhoods where individuals and families can thrive. As of 2021, the organization has successfully placed in service or has in production a total of 3,850 units of affordable housing, which includes ownership, rental, and supportive housing, with an additional 907 units under construction. These developments have been accomplished through project-based partnerships with various organizations in the nonprofit, for-profit, and public sectors.
Gulf Coast Housing Partnership Inc is renowned for its industry-standard real estate development expertise, which has been instrumental in delivering exceptional projects throughout the Gulf Coast region. The organization's unwavering dedication to affordability, sustainability, and community integration has made it a trusted and valuable partner in the revitalization of the Gulf Coast.
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Impact
October, 2024
Gulf Coast Housing Partnership Inc significantly impacts the Gulf Coast region through its commitment to transformative development aimed at revitalizing communities. By collaborating with public and private entities, GCHP plays a crucial role in creating vibrant, high-quality communities that prioritize social and economic integration, affordability, and sustainability.
As of 2021, GCHP has successfully placed in service or is in production of 3,850 units of affordable housing, including options for ownership, rental, and supportive housing. This effort includes 907 units currently under construction and 180 completed in 2021 alone, alongside 75 commercial or community facilities. These initiatives not only provide essential housing but also contribute to the overall economic stability and growth of the region.
Through strategic partnerships with various organizations, GCHP delivers industry-standard real estate development expertise that fosters long-term improvements within the Gulf Coast. The collaborative approach ensures that developments are not only immediate solutions to housing needs but also integral components of sustainable community ecosystems, reflecting the broader vision of transforming the Gulf Coast into a thriving, inclusive environment for all its residents.
This information is meant to be a general summary of Gulf Coast Housing Partnership Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: -$199,411
- Program Service Revenue: $11,863,554
- Gross Receipts: $21,161,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$8,302,442
RENTAL INCOME-PROPERTY OPS
Revenue
$1,510,104
MANAGEMENT FEES
Revenue
$1,385,914
INTEREST INCOME-PROJECTS
Revenue
$541,564
RENTAL INCOME-SUBLEASE
Revenue
$111,376
Organization Details
Founding Year
2006
Phone
(504) 525-2505Principal Officer
Kathleen F Laborde
Main Address
1626 ORETHA CASTLE HALEY BLVD A, NEW ORLEANS, LA, 70113
Website
www.gchp.netNTEE Category
Code: P20 - Human services
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