Overview
What is Cabrillo Economic Development Corporation?
Cabrillo Economic Development Corporation, based in Ventura, California, is a nonprofit organization committed to providing safe and affordable housing opportunities for low-income, minority, and disadvantaged individuals and families in Ventura and Santa Barbara counties, as well as adjacent areas in Los Angeles County. This mission is achieved through four divisions: Housing Development, Resident and Community Services, Property Management, and Rental Operations. Housing Development focuses on acquiring, financing, and pre-construction stages of affordable housing projects, ensuring they align with the organization's core goals and are financially feasible. Resident and Community Services engage with residents living in CEDC properties and neighboring communities, offering programs that foster resident engagement, leadership, and community organizing. These programs include homework clubs, fitness and nutrition programs, empowerment programs for adults, and education programs for both adults and youth. Property Management aims to meet the high demand for safe, decent, and affordable homes for families, special needs individuals, and the senior community. CEDC manages over 1,300 affordable rental homes across 27 properties, offering quality living at its best. Rental Operations provide affordable, quality homes throughout Ventura and Santa Barbara counties, managing both the ownership and operation of CEDC's solely owned properties. In summary, Cabrillo Economic Development Corporation strives to empower disadvantaged individuals and families in its service areas by offering comprehensive housing services through a community-building approach, promoting self-sufficiency.
Official website here: www.cabrilloedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
Cabrillo Economic Development Corporation (CEDC) has received a strong rating of 92%, reflecting its solid performance in accountability and finance. The organization boasts a perfect score for having a fully independent board and demonstrates effective financial practices, with no material diversion of assets and a commendable liability to assets ratio. The program expense ratio indicates that a significant portion of its expenses is directed towards its mission-related activities, showcasing their commitment to efficient resource allocation.
User feedback highlights the CEDC team's dedication to supporting residents in improving their lives. A professional reviewer noted the organization's effectiveness in creating both internal and external support networks for community members, emphasizing their genuine care for fostering opportunities. This positive sentiment reflects the organization's impact on the community it serves.
While CEDC has received high marks for accountability and community engagement, its culture and community score of 79 suggests there may be areas for growth in fostering a more inclusive environment or increasing community involvement. Overall, CEDC stands out as a reliable and impactful nonprofit dedicated to economic development and resident support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Cabrillo Economic Development Corporation legitimate?
Cabrillo Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cabrillo Economic Development Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $681,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $652,506
For more financial information, click here
Official website here: www.cabrilloedc.org
What is the mission statement of Cabrillo Economic Development Corporation?
Cabrillo Economic Development Corporation's mission is centered around providing comprehensive housing services to individuals and families in need, particularly those lacking opportunities in Ventura, Santa Barbara Counties, and adjacent areas in Los Angeles County. Their goal is to facilitate self-sufficiency through a community-building approach. The organization provides safe and affordable homeownership and rental opportunities to low-income, minority, and disadvantaged individuals and families. This is accomplished through four divisions: Housing Development, Resident and Community Services, Property Management, and Rental Operations. The Housing Development division acquires, finances, and pre-constructs affordable housing projects, while Resident and Community Services focuses on resident engagement and leadership, community organizing, and offering various programs. The Property Management division manages over 1,300 affordable rental homes across 27 properties, and Rental Operations provides affordable, quality homes through the ownership and management of their properties.
Official website here: www.cabrilloedc.org
Who is the CEO of Cabrillo Economic Development Corporation?
Victoria Brady is the President of Cabrillo Economic Development Corporation. The CEO's salary of Cabrillo Economic Development Corporation is $199,534 and their total compensation is $229,762.
Official website here: www.cabrilloedc.org
What is the revenue of Cabrillo Economic Development Corporation?
Cabrillo Economic Development Corporation's revenue in 2022 was $3,242,032.
Official website here: www.cabrilloedc.org
Who are the executives of Cabrillo Economic Development Corporation and what are their salaries?
The average compensation at Cabrillo Economic Development Corporation during 2022 was $16,669. There are 80 employees and 790 volunteers at Cabrillo Economic Development Corporation.
Here are 13 key members and their salaries (Cabrillo Economic Development Corporation's CEO's salary is $199,534 and their total compensation is $229,762):
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- Compensation: $199,534
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- Other: $30,228
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- Compensation: $177,351
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- Other: $4,533
- Compensation: $133,579
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Official website here: www.cabrilloedc.org
Where can I find the form 990 for Cabrillo Economic Development Corporation?
Cabrillo Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cabrilloedc.org
Learn more at the official website: www.cabrilloedc.org
Mission Statement of Cabrillo Economic Development Corporation
Cabrillo Economic Development Corporation, a nonprofit organization, is committed to providing comprehensive housing services for individuals and families who are lacking in opportunities in Ventura and Santa Barbara Counties, as well as adjacent areas in Los Angeles County. Their mission is to facilitate self-sufficiency through a community-building approach, achieving this objective through four divisions: Housing Development, Resident and Community Services, Property Management, and Rental Operations.
The Housing Development division of Cabrillo Economic Development Corporation aims to provide safe, affordable homeownership and rental opportunities to low-income, minority, and other disadvantaged individuals and families. They assess the viability of acquiring land, secure funding through various public and private sources, and complete the pre-construction stages of affordable housing development.
Resident and Community Services focuses on engaging residents living in Cabrillo Economic Development Corporation properties and neighborhoods where they have properties, offering programs such as homework clubs, after-school programs, fitness and nutrition programs, empowerment programs for adults, education programs for adults and youth, and leadership development for youth. These initiatives aim to foster community organizing and resident engagement.
Cabrillo Economic Development Corporation's Property Management division supports the high demand for safe, decent, and affordable homes for families, special needs, and the senior community by professionally managing over 1,300 affordable rental homes across 27 properties. Their rental operations provide quality living at its best, ensuring affordable homes are available throughout Ventura and Santa Barbara Counties.
In summary, Cabrillo Economic Development Corporation's mission is to provide comprehensive housing services to underprivileged individuals and families in Ventura and Santa Barbara Counties, fostering self-sufficiency through affordable housing opportunities, community engagement, and resident empowerment programs.
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Impact
July, 2024
Cabrillo Economic Development Corporation's impact can be seen through its provision of safe, affordable homeownership and rental opportunities to low-income, minority, and other disadvantaged individuals and families in Ventura and Santa Barbara counties, as well as adjacent areas in Los Angeles County. Through its housing development division, Cabrillo Economic Development Corporation works to complete the acquisition, finance, and pre-construction stages of affordable housing development, securing funding from both public and private sources. Additionally, their resident and community services division focuses on resident engagement, leadership, and community organizing through programs such as homework clubs, fitness, and nutrition programs, as well as empowerment and education programs for both adults and youth. The organization's property management division aims to meet the high demand for safe, decent, and affordable homes for families, special needs, and the senior community by professionally managing over 1,300 affordable rental homes across 27 properties. Through its rental operations, Cabrillo Economic Development Corporation provides affordable, quality homes throughout Ventura and Santa Barbara counties, contributing to improving the living conditions of those in need.
This information is meant to be a general summary of Cabrillo Economic Development Corporation. 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 2022.
- Investment Income: $150,473
- Program Service Revenue: $2,677,640
- Gross Receipts: $3,242,032
Assets and Liabilities:
- Total Assets: $58,348,800
- Total Liabilities: $15,450,257
- Net Assets: $42,898,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FE
Revenue
$1,038,437
RENTAL INCOME - OWNED
Revenue
$862,074
PARTNERSHIP MANAGEMENT
Revenue
$530,094
COMMUNITY SERVICES FEE
Revenue
$194,326
MISCELLANEOUS INCOME
Revenue
$53,026
Organization Details
Founding Year
1981
Phone
(805) 659-3791Principal Officer
Victoria Brady
Main Address
702 COUNTY SQUARE DRIVE, VENTURA, CA, 93003
Website
www.cabrilloedc.orgNTEE Category
Code: L20Z - Housing
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