EIN 95-3681521

Cabrillo Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
80
Year formed
1981
Most recent tax filings
2022-12-01
Description
Cabrillo Economic Development Corporation facilitates self-sufficiency for disadvantaged individuals and families in Ventura and Santa Barbara counties by providing comprehensive housing services. The organization provides safe, affordable homeownership and rental opportunities through a community building approach.
Total revenues
$3,242,032
2022
Total expenses
$3,275,962
2022
Total assets
$58,348,800
2022
Num. employees
80
2022

Program areas at Cabrillo Economic Development Corporation

To provide safe, affordable homeownership and rental opportunities to low-income, minority, and other disadvantaged individuals and families in ventura and santa barbara counties and adjacent areas in los angeles county. The organization accomplishes this objective through its four divisions as follows:housing developmenthousing Development provides safe, affordable homeownership and rental opportunities to low-income, minority, and other disadvantaged individuals and families in ventura and santa barbara counties and adjacent areas in los angeles county. The real estate Development divisions (redd) as a major component of housing Development, primary functions are to complete the acquisition, finance, and pre-construction stages of affordable housing Development. After redd assesses the viability of acquiring land, the department begins a multi-faceted review process. If a project is deemed financially feasible and aligned with cedcs core goals, redd works to secure funding through a variety of public and private sources.resident and community servicesthe Cabrillo Economic Development Corporation resident and community services works with residents living in cedc properties and in neighborhoods where cedc properties are located, focusing on resident engagement and leadership, and community organizing. Resident and community services programs include:- homework clubs and after school programs- fitness and nutrition programs- empowerment programs for adults- education programs for adults and youth- leadership Development for youthproperty managementcabrillo Economic Development Corporation's goal is to meet the high demand for safe, decent and affordable homes for families, special needs, and the senior community. Cedc's property and asset management divisions supports this effort by professionally managing our rental homes communities while offering quality living at its best. In total, the cedc property and asset management division manages more than 1,300 affordable rental homes across 27 properties. Rental operationscabrillo Economic Development Corporation, though its solely owned properties, provides affordable, quality homes throughout ventura and santa barbara counties. The rental operations include the ownership activities of both operating and managing of its solely owned properties.

Who funds Cabrillo Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$276,250
Local Initiatives Support CorporationSee Part Iv$33,000
American Online Giving FoundationGeneral Support$15,000
...and 3 more grants received

Personnel at Cabrillo Economic Development Corporation

NameTitleCompensation
Margarita De EscontriasChief Executive Officer$199,534
Victoria BradyChief Operating Officer and Chief Financial Officer$177,351
Denise BickerstaffDirector of Business Development and Administration$131,968
Brenda MaresDirector of Human Resources
Bianca FarmerDirector of Resident and Community Services
...and 11 more key personnel

Financials for Cabrillo Economic Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$413,919
Program services$2,677,640
Investment income and dividends$150,473
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,242,032

Form 990s for Cabrillo Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-31990View PDF
2021-122022-10-17990View PDF
2020-122021-10-18990View PDF
2019-122020-11-18990View PDF
2018-122019-11-01990View PDF
...and 9 more Form 990s
Data update history
September 30, 2024
Updated personnel
Identified 3 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $276,250 from NeighborWorks America
July 5, 2024
Used new vendors
Identified 2 new vendors, including , and
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $33,000 from Local Initiatives Support Corporation
January 1, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from MUFG Union Bank Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingManagement and technical assistanceCommunity engagement / volunteeringGala fundraisersTax deductible donationsAccepts online donations
General information
Address
702 County Dr
Ventura, CA 93003
Metro area
Oxnard-Thousand Oaks-Ventura, CA
County
Ventura County, CA
Website URL
cabrilloedc.org/ 
Phone
(805) 659-3791
IRS details
EIN
95-3681521
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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