Nonprofit · EIN 95-3681521
CABRILLO ECONOMIC DEVELOPMENT CORP
Tax-exempt · VENTURA, CA 93003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,478,964 | $3,857,667 | $621,297 | $79,587,343 | $35,786,678 | $43,800,665 |
| December 31, 2023 | 990 | $4,203,148 | $3,921,523 | $281,625 | $65,657,668 | $22,477,500 | $43,180,168 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $992,169
- of which government grants
- $488,500
- Program service revenue
- $3,243,229
- Investment income
- $243,566
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $823,599
- Other salaries and wages
- $718,787
- Salaries, compensation and benefits (total)
- $1,870,396
- Professional fundraising fees
- $0
- Travel
- $27,973
- Depreciation
- $307,549
- Program services (functional)
- $2,610,633
- Management and general (functional)
- $1,099,400
- Fundraising (functional)
- $147,634
Balance sheet and other
- Total assets, start of year
- $65,657,668
- Total assets, end of year
- $79,587,343
- Total liabilities, end of year
- $35,786,678
- Net assets, end of year
- $43,800,665
- Land, buildings and equipment
- $4,406,694
- Net assets without donor restrictions
- $43,800,665
- Gross receipts
- $4,478,964
- Employees
- 90
- Volunteers
- 158
- Year formed
- 1981
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARITA DE ESCONTRIAS | CEO Highest-paid employee | 50 | $215,065 |
| VICTORIA BRADY | CFO Key employee | 50 | $179,785 |
| DERRICK WADA | DIR. OF REAL ESTATE DEVELOPMENT Key employee | 50 | $160,757 |
| AIZA GALDO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ALFREDO MARTINEZ | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| VICTOR RODRIGUEZ | SECRETARY Trustee or director, Officer | 5 | $0 |
| JESSICA COOK | TREASURER Trustee or director, Officer | 5 | $0 |
| ADA R CORDERO-SACKS ESQ | BOARD MEMBER Trustee or director | 2 | $0 |
| NAOMI ONTIVEROS | BOARD MEMBER Trustee or director | 2 | $0 |
| MARIA PEREZ | BOARD MEMBER Trustee or director | 2 | $0 |
| MAYRA RAMIREZ | BOARD MEMBER Trustee or director | 2 | $0 |
| STACY SWANSON | BOARD MEMBER Trustee or director | 2 | $0 |
| LOUIE VALENZUELA | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARITA DE ESCONTRIAS | CEO Highest-paid employee | 50 | $209,760 | $31,736 |
| VICTORIA BRADY | CFO Highest-paid employee | 50 | $188,972 | $5,000 |
| DENISE BICKERSTAFF | DIRECTOR OF BUSINESS PLANN Highest-paid employee | 50 | $134,898 | $3,959 |
| LYDIA PEREZ | DIR. OF PROP. MGMT. AND RE Highest-paid employee | 50 | $132,450 | $0 |
| AIZA GALDO | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ALFREDO MARTINEZ | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| VICTOR RODRIGUEZ | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| JESSICA COOK | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ADA R CORDERO-SACKS ESQ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CESAR HERNANDEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NAOMI ONTIVEROS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARIA PEREZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MAYRA RAMIREZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 702 COUNTY SQUARE DR, VENTURA, CA 93003-5404
- In care of
- % LAUREN NICHOLS
- Principal officer (990 for 2024)
- VICTORIA BRADY, 702 COUNTY SQUARE DRIVE 200, VENTURA, CA 93003
- Signed the 990
- VICTORIA BRADY, CHIEF EXECUTIVE OFFICER
- Phone
- (805) 659-3791
- Website
- WWW.CABRILLOEDC.ORG
- Return prepared by
- KELLER & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3681521 or by the name CABRILLO ECONOMIC DEVELOPMENT CORP.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- 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.Expenses $2,610,633 · revenue $4,478,964
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3681521
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $79,587,343
- Income (IRS master file)
- $4,478,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,478,964 | $3,857,667 | $79,587,343 | XML |
| 990 | December 2023 | $4,203,148 | $3,921,523 | $65,657,668 | XML |
| 990 | December 2022 | $3,242,032 | $3,275,962 | $58,348,800 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-3681521).
Questions about CABRILLO ECONOMIC DEVELOPMENT CORP
- What is the EIN of CABRILLO ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of CABRILLO ECONOMIC DEVELOPMENT CORP is 95-3681521.
- Is CABRILLO ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to CABRILLO ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CABRILLO ECONOMIC DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CABRILLO ECONOMIC DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CABRILLO ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CABRILLO ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names VICTORIA BRADY.
- Who are the officers and directors of CABRILLO ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 13 people; 3 received compensation from the organization, the highest $215,065 (MARGARITA DE ESCONTRIAS, CEO).
- How much revenue does CABRILLO ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,478,964, expenses of $3,857,667 and total assets of $79,587,343 at year end.
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All nonprofits in VENTURA · California · Housing and shelter