City Heights Community Development Corporation
- Assets
- $5.2m
- Revenue
- $2.5m
- Investments
- $1.8m
- Employees
- 24
- Location
- San Diego, CA
- Founding
- 04/1982
- Data as of
- 06/2021
- EIN
- 95-3661177
Organization Overview
City Heights Community Development Corporation is located in San Diego, CA. The organization was established in 1982. 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 06/2021, City Heights Community Development Corporation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Heights 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 06/2021, City Heights Community Development Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AFFORDABLE HOUSING, QUALITY JOBS AND LIVABLE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING IN CITY HEIGHTS/MID CITY. DEVELOP, OWN, OPERATE, AND/OR DIRECT AS MANAGING GENERAL PARTNER NEW DECENT HOUSING AND EXISTING 749 UNITS OF RENTAL HOUSING AT 13 LOCATIONS. APPROXIMATELY 3,000 TENANT RESIDENTS SERVED.
PROVIDES THE RESIDENTS OF OUR HOUSING COMPLEXES THE TOOLS THAT THEY WILL NEED TO SECURE BETTER EMPLOYMENT, HIGHER EDUCATION AND OPTIMUM LIVING CONDITIONS FOR THEIR FAMILIES. BY PROVIDING EDUCATION, TRAINING AND A MULTIPLE ARRAY OF SUPPORT SERVICES, FAMILIES ARE MADE AWARE OF AND PROVIDED ACCESS TO OPPORTUNITIES AND RESOURCES THAT INCREASE THEIR FAMILY'S INCOME, IMPROVE THEIR CHILDREN'S FUTURE AND HAVE A HIGHER QUALITY OF LIFE.
PROMOTING SAFE, CONVENIENT AND HEALTHY WALKING, BICYCLING AND TRANSIT COMMUNTING OPTIONS FOR THE CITY HEIGHTS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Ann Fernea Executive Director | Trustee | 40 | $116,572 |
Stephen Delizo Chairman | OfficerTrustee | 2 | $0 |
Jeff Barger Vice Chair | OfficerTrustee | 2 | $0 |
Matthew Finnegan Treasurer | OfficerTrustee | 2 | $0 |
Linda Guzzo Secretary | OfficerTrustee | 2 | $0 |
Stephanie Perez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $623,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,571,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,195,685 |
| Total Program Service Revenue | $252,883 |
| Investment income | $31,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,523,725 |
| 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. | $116,572 |
| Compensation of current officers, directors, key employees. | $64,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $764,939 |
| Pension plan accruals and contributions | $30,415 |
| Other employee benefits | $73,850 |
| Payroll taxes | $87,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $99,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,189 |
| Fees for services: Other | $4,536 |
| Advertising and promotion | $53,635 |
| Office expenses | $5,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,268 |
| Travel | $2,490 |
| 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 | $2,647 |
| Insurance | $21,929 |
| All other expenses | $38,154 |
| Total functional expenses | $1,987,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,811 |
| Savings and temporary cash investments | $476,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,177,843 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,706 |
| Net Land, buildings, and equipment | $38,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,834,648 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,245 |
| Total assets | $5,178,660 |
| Accounts payable and accrued expenses | $188,075 |
| 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 | $60,276 |
| Total liabilities | $248,351 |
| Net assets without donor restrictions | $4,362,847 |
| Net assets with donor restrictions | $567,462 |
| 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 | $5,178,660 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that City Heights Community Development Corporation has recieved totaling $1,273,012.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
The California Endowment Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT: TO SUPPORT AN ORGANIZATION WHOSE MISSION IS TO ENHANCE THE QUALITY OF LIFE AND HEALTH OF RESIDENTS IN CITY HEIGHTS, SAN DIEGO BY WORKING WITH THE COMMUNITY TO CREATE AND SUSTAIN QUALITY AFFORDABLE HOUSING AND LIVABLE NEIGHBORHOODS, AND TO FOSTER ECONOMIC SELF-SUFFICIENCY. | $275,000 |
Price Philanthropies Foundation La Jolla, CA PURPOSE: GENERAL SUPPORT | $139,500 |
Price Philanthropies Foundation La Jolla, CA PURPOSE: GENERAL SUPPORT/EVICTION PREVENTION | $100,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $88,499 |
United States Energy Foundation San Francisco, CA PURPOSE: TO PROMOTE EDUCATION AND ANALYSIS TO ADVANCE CLEAN ENERGY AND ENERGY EFFICIENCY | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |