Downtown Ventura Property Owners Association
- Assets
- $541.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Ventura, CA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 26-4492988
Organization Overview
Downtown Ventura Property Owners Association is located in Ventura, CA. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Ventura Property Owners Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Downtown Ventura Property Owners Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 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
CREATE A VIBRANT COMMERCIAL/CULTURAL DISTRICT WITH STRATEGIC CAPITAL IMPROVEMENTS, ENHANCED MAINTENANCE AND SECURITY, EFFECTIVE MARKETING AND PROMOTIONS, EDUCATION AND ADMINISTRATION WITHIN THE DOWNTOWN VENTURA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN & SAFE
CITY CONTRACTS
ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Clerici Executive Dir. | Officer | 40 | $120,500 |
Mark Hartley Vice President | Trustee | 1 | $0 |
Dave Armstrong President | Trustee | 5 | $0 |
Debbie Fox Board Member | Trustee | 1 | $0 |
Danny Quintana Board Member | Trustee | 1 | $0 |
Emily Dearkland Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,487 |
| Total Program Service Revenue | $1,644,756 |
| Investment income | $62 |
| 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 | $1,689,305 |
| 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. | $120,500 |
| Compensation of current officers, directors, key employees. | $23,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$284 |
| Payroll taxes | $9,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,405 |
| Office expenses | $737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,377 |
| Travel | $0 |
| 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 | $12,241 |
| Insurance | $15,821 |
| All other expenses | $174,502 |
| Total functional expenses | $1,686,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,711 |
| 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 | $5,764 |
| Net Land, buildings, and equipment | $34,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,068 |
| Total assets | $541,245 |
| Accounts payable and accrued expenses | $90,703 |
| Grants payable | $0 |
| Deferred revenue | $250,137 |
| 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 | $16,360 |
| Total liabilities | $357,200 |
| Net assets without donor restrictions | $184,045 |
| 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 | $541,245 |
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|---|---|---|
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Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |