2025-07-29T17:14:55-05:00 2024-12-31 203557677 KELLER & ASSOCIATES LLP 18645 SHERMAN WAY SUITE 110 RESEDA CA 91335 990 2024-01-01 953681521 CABRILLO ECONOMIC DEVELOPMENT CORPORATION CABR 8056593791 702 COUNTY SQUARE DRIVE 200 VENTURA CA 93003 VICTORIA BRADY CHIEF EXECUTIVE OFFICER 8056593791 2025-07-29 1 0 DAVID KELLER P00227750 8183833079 X 2024 2025-03-06 01:10:19Z VICTORIA BRADY 702 COUNTY SQUARE DRIVE 200 VENTURA CA 93003 4478964 0 X WWW.CABRILLOEDC.ORG X 1981 CA THE ORGANIZATION'S EXEMPT PURPOSE IS TO DEVELOP, MANAGE AND PROVIDE SERVICE-ENRICHED, INCLUSIVE RESIDENTIAL COMMUNITIES, ENSURING ACCESS TO AFFORDABLE, SECURE, QUALITY HOUSING THAT CREATES THE FOUNDATION FOR OUR RESIDENTS TO GROW AND THRIVE. 10 10 90 158 0 0 571068 992169 3392450 3243229 239630 243566 0 0 4203148 4478964 0 0 0 0 2054035 1870396 0 0 147634 1867488 1987271 3921523 3857667 281625 621297 65657668 79587343 22477500 35786678 43180168 43800665 X THE ORGANIZATION'S EXEMPT PURPOSE IS TO DEVELOP, MANAGE AND PROVIDE SERVICE-ENRICHED, INCLUSIVE RESIDENTIAL COMMUNITIES, ENSURING ACCESS TO AFFORDABLE, SECURE, QUALITY HOUSING THAT CREATES THE FOUNDATION FOR OUR RESIDENTS TO GROW AND THRIVE. 0 0 2610633 4478964 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. 2610633 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 38 0 1 90 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 8056593791 702 COUNTY SQUARE DRIVE VENTURA CA 93003 AIZA GALDO PRESIDENT 5.00 X X 0 0 0 ALFREDO MARTINEZ VICE PRESIDENT 5.00 X X 0 0 0 VICTOR RODRIGUEZ SECRETARY 5.00 X X 0 0 0 JESSICA COOK TREASURER 5.00 X X 0 0 0 ADA R CORDERO-SACKS ESQ BOARD MEMBER 2.00 X 0 0 0 NAOMI ONTIVEROS BOARD MEMBER 2.00 X 0 0 0 MARIA PEREZ BOARD MEMBER 2.00 X 0 0 0 MAYRA RAMIREZ BOARD MEMBER 2.00 X 0 0 0 STACY SWANSON BOARD MEMBER 2.00 X 0 0 0 LOUIE VALENZUELA BOARD MEMBER 2.00 X 0 0 0 VICTORIA BRADY CFO 50.00 X 179785 0 0 DERRICK WADA DIR. OF REAL ESTATE DEVELOPMENT 50.00 X 160757 0 0 MARGARITA DE ESCONTRIAS CEO 50.00 X 215065 0 0 555607 0 0 5 0 1 0 THOMPSON HOUSING LLC 114 E GUTIERREZ ST SUITE B SANTA BARBARA CA 93101 DEVELOPMENT CONSULTING 102975 1 488500 503669 992169 PROPERTY MANAGEMENT FE 1169814 1169814 RENTAL INCOME - OWNED 937558 937558 PARTNERSHIP MANAGEMENT 545020 545020 DEVELOPER FEES 361812 361812 COMMUNITY SERVICES FEE 209250 209250 19775 19775 3243229 243566 243566 4478964 3486795 0 0 X 823599 500597 278419 44583 718787 436891 242987 38909 38408 25518 10861 2029 141996 94336 40155 7505 147606 98063 41742 7801 666998 339851 297446 29701 134787 81383 48129 5275 27973 13724 14249 243106 235456 7650 307549 254652 52897 142126 98203 36310 7613 UTILITIES 174321 174321 REPAIRS AND MAINTENANCE 156943 155125 1815 3 EMPLOYEE EDUCATION 35249 29143 4990 1116 OTHER EXPENSES 31498 19815 10825 858 66721 53555 10925 2241 3857667 2610633 1099400 147634 2788383 3770707 16721383 16144053 10127186 5720492 4622450 4406694 10976288 10972774 0 30549164 44293115 65657668 79587343 2900031 3844870 2230 5093 19311705 31725325 263534 211390 22477500 35786678 X 43180168 43800665 43180168 43800665 65657668 79587343 X 621297 -800 X 0 1 X 1 1 1 X 1088941 922866 413919 571068 992169 3988963 1088941 922866 413919 571068 992169 3988963 3988963 201374 434886 150473 239630 243566 1269929 -119 -119 5258773 14498227 0.75850 0.76500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2067517 2067517 7316480 5060527 2255953 743189 659965 83224 4406694 INVESTMENTS IN PARTNERSHIPS 10972774 C 10972774 AMORTIZABLE COSTS 245354 CONSTRUCTION AND OPERATING RESERVES 2431721 DEVELOPMENT IN PROGRESS 34987668 OPERATING LEASES - RIGHT OF USE ASSETS - COPIERS 36150 OTHER RECEIVABLES 187455 RECEIVABLES FROM AFFILIATES 6330873 TENANT SECURITY DEPOSITS 73894 44293115 ACCRUED INTEREST PAYABLE 105000 OPERATING LEASE LIBILITY - COPIERS 36150 TENANT SECURITY DEPOSITS 70240 211390 4478964 0 4478964 0 4478964 3857667 0 3857667 0 3857667 X X X X X 0 0 0 0 0 0 0 0 0 MARGARITA DE ESCONTRIAS CEO 208772 0 0 0 6293 0 0 0 0 0 215065 0 0 0 VICTORIA BRADY CFO 174390 0 0 0 5395 0 0 0 0 0 179785 0 0 0 DERRICK WADA DIR. OF REAL ESTATE DEVELOPMENT 160757 0 0 0 0 0 0 0 0 0 160757 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 GOES THROUGH TWO REVIEW PROCESSES, ONCE BY THE AUDIT COMMITTEE THEN BY THE GOVERNING BODY. AT THE GOVERNING BODY MEETING THE BOARD VOTES TO APPROVE AS FINAL AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL MONITORING PROCESS IS PERFORMED IN THE FIRST QUARTER OF THE ORGANIZATION'S FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A FORMAL PLAN AS TO REVIEWING AND APPROVING COMPENSATION THAT IS FOLLOWED, WHICH ALSO INCLUDES COMPARABLE DATA AND ADHERES TO THE CALIFORNIA NON-PROFIT INTEGRITY ACT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE CONVENIENCE OF THE ORGANIZATION. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 339,851. MANAGEMENT AND GENERAL EXPENSES 297,446. FUNDRAISING EXPENSES 29,701. TOTAL EXPENSES 666,998. FORM 990, PART XI, LINE 9: ADJUSTMENT FROM AFFILIATE - NOT CONSOLIDATED FOR TAX PURPOSES -800. 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