Ventura County Community Development Corporation
- Assets
- $11.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Oxnard, CA
- Founding
- 05/2003
- Data as of
- 12/2021
- 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 12/2021, Ventura County Community Development Corporation employed 15 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 12/2021, Ventura County Community Development Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 0.1% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro Vega Director Of Lending | 40 | $134,083 | |
Bertha Garcia Executive Director | OfficerTrustee | 40 | $123,514 |
Anthony Restivo Treasurer | OfficerTrustee | 2 | $0 |
Lisa Brooks Vice President | OfficerTrustee | 2 | $0 |
Joseph Gutierrez President | OfficerTrustee | 2 | $0 |
Shane Saunders Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,441,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,776,333 |
| Total Program Service Revenue | $539,253 |
| Investment income | $179,142 |
| 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 | $2,494,728 |
| 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. | $302,825 |
| Compensation of current officers, directors, key employees. | $106,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,873 |
| Fees for services: Accounting | $58,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,988 |
| Advertising and promotion | $13,070 |
| Office expenses | $75,156 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,925 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $345 |
| Insurance | $17,910 |
| All other expenses | $0 |
| Total functional expenses | $1,261,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,584,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,420,203 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,272 |
| Net Land, buildings, and equipment | $4,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,004,925 |
| Total assets | $11,029,755 |
| Accounts payable and accrued expenses | $17,280 |
| 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 | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,994 |
| Total liabilities | $1,104,274 |
| Net assets without donor restrictions | $9,925,481 |
| 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 | $11,029,755 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Ventura County Community Development Corporation has recieved totaling $468,386.
| Awarding Organization | Amount |
|---|---|
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $168,750 |
Rural Community Assistance West Sacramento, CA PURPOSE: Housing Counseling | $115,636 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: ASSIST FAMILIES ACHIEVE FINANCIAL STABILITY | $14,000 |
Premier America Credit Union Chatsworth, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
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 |