Ventura County Community Development Corporation
- Assets
- $13.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Oxnard, CA
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 74-3061811
Organization Overview
Ventura County Community Development Corporation is located in Oxnard, CA. The organization was established in 2003. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Ventura County Community Development Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ventura County Community Development Corporation 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, Ventura County Community Development Corporation generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 8 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
TO STRENGTHEN AND SUSTAIN VIBRANT COMMUNITIES BY EMPOWERING INDIVIDUALS AND FAMILIES TO BUILD WEALTH THROUGH EDUCATION AND HOMEOWNERSHIP WITH A PRIMARY FOCUS ON SERVING LOW-TO-MODERATE INCOME CLIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bertha Moreno Garcia Executive Dir. | OfficerTrustee | 40 | $110,000 |
Alejandro Cortes Vega Lending Director | 40 | $117,251 | |
Joseph Gutierrez President | OfficerTrustee | 2 | $0 |
Lisa Brooks Director | Trustee | 2 | $0 |
Shane Saunders Past President | OfficerTrustee | 2 | $0 |
Rashi Kallur Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,061,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,717,552 |
| Total Program Service Revenue | $374,000 |
| Investment income | $227,885 |
| 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 | $2,319,437 |
| 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. | $227,251 |
| Compensation of current officers, directors, key employees. | $74,993 |
| Compensation to disqualified persons | $712,747 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,887 |
| Advertising and promotion | $11,261 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,675 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,876 |
| All other expenses | $0 |
| Total functional expenses | $1,355,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,843,484 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,111,643 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,407 |
| Net Land, buildings, and equipment | $2,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,286,261 |
| Total assets | $13,465,449 |
| Accounts payable and accrued expenses | $3,364 |
| 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 | $1,000,000 |
| Other liabilities | $93,000 |
| Total liabilities | $1,096,364 |
| Net assets without donor restrictions | $12,369,085 |
| 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 | $13,465,449 |