Housing, Shelter

Cabrillo Economic Development Corp

bringing community home

aka CEDC

Ventura, CA

Mission

The Cabrillo Economic Development Corporation’s mission is to provide comprehensive housing services and community economic development activities through a community-building approach that facilitates self-sufficiency for individuals and families who are most lacking in opportunity in Ventura County. Cabrillo builds quality, well-designed housing that is affordable to those with limited means. Our success is based on commitment to our mission and collaborations with public, private and community partners. We provide homebuyer education and a variety of financial services open to the community, as well as neighborhood revitalization programs for our residents, such as nutritional classes, homework clubs, health fairs and social engagement opportunities.

Ruling Year

1982

CEO

Mrs Margarita H. de Escontrias

Main Address

702 County Square Drive

Ventura, CA 93003 USA

Keywords

community development, affordable housing, homeownership, community building, social services, food distribution, youth development, education, STEM, leadership, health, physical activity

EIN

95-3681521

 Number

0922891208

Cause Area (NTEE Code)

Housing Development, Construction, Management (L20)

Community, Neighborhood Development, Improvement (S20)

Family Services (P40)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs + Results

What we aim to solve New!

A home is more than basic shelter. It is the foundation for well-being and a platform for connecting people to opportunities and resources. Decent, affordable, and accessible housing fosters self-sufficiency, brings stability to families and new vitality to distressed communities, and supports overall economic growth. Ventura County is facing an affordable housing crisis. There is simply not enough affordable housing. The inadequacy of supply increases dramatically as one moves down the ladder of family earnings. The challenge is most acute for rental housing in high-cost areas, such as ours, and the most egregious problem is for the very poor. Many low-income households spend more than half of their monthly income on rent, leaving too little for other necessities like food, medical care, and transportation. To make matters worse, only one in four eligible low-income households receive any housing assistance.

Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

NeighborWorks HomeOwnership Center

Resident & Community Services

Real Estate Development

Property Management

Where we workNew!

Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

Cabrillo strives to develop quality, affordable housing for low-income individuals and their families and to improve their lives through ongoing social programs and educational opportunities. When families live in affordable, safe and well-maintained housing, they can devote more resources to food, clothing, health care and other needs. With dedicated areas for study and play, children are healthier and do better in school. Neighborhoods are improved and people experience a sense of pride and become engaged in their community.

Cabrillo Economic Development Corporation develops ownership and rental housing that forms the foundation for people to improve their lives. Our success is based on maintaining a company that is well-managed and that collaborates with public, private and community partners. To best advance our mission, our priorities are:

1) Ensure financial stability
2) Increase the number of people living in quality, affordable housing
3) Build a strong, engaged board leadership
4) Engage and communicate with the community
5) Expand program quality

Cabrillo Economic Development Corporation has the structure, Board of Directors, staff, and systems to develop and manage high-quality affordably housing and the associated programs that benefit the community. The nine-member Board of Directors meets monthly to evaluate, discuss and make decisions that further the organization's mission and strategic plan. Board members represent the interests of stakeholder groups from business, such as banking and real estate, and community. Their technical expertise includes business planning; finance and accounting; real estate and the law. One member at large represents the city of Ventura and two Oxnard residents that represent community interests are current Cabrillo tenants and community leaders at their respective properties.

The seven-member executive team has over 150 years combined experience in affordable housing development and financing, mortgage lending and financial counseling, property management, and organizational management as follows:

CEDC's Chief Executive Officer draws on more than 30 years of experience in community development, housing and redeveloping communities. Our Financial Services department has over 20 years' experience in affordable housing, and CEDC has never had any financial or audit exceptions. The Business Development and Administration Director has provided redevelopment advisory services to agencies throughout California and Nevada, and supports new business development, enhances internal systems to promote efficient operations, and interacts with key external partners to develop strategic partnerships.

The Property Management department contributes more than 25 years' experience in professionally managing and maintaining our portfolio through high-quality maintenance practices. The Resident and Community Services Director delivers more than 20 years of experience in the field of psychology and experience in all phases of organizational management and leadership. The Director of the HomeOwnership Center brings lending, mortgage and home ownership counseling experience to Cabrillo, and the Real Estate Development Director has extensive experience in housing development, asset management, fiscal operations and community partnerships.

For the HomeOwnership Center, CEDC uses "Success Measures" pre- and post-financial education and counseling survey tools to evaluate and measure outcomes. Based at NeighborWorks America, Success Measures is a set of data collection tools in the form of surveys, interview and focus group guides, checklists, spreadsheets, and other instruments to analyze data. All participants in the homebuyer and financial capability workshops take a pre- and post-test to evaluate their knowledge and understanding of the homebuying process and various financial concepts. At the end of the post-test they also rate their satisfaction with the workshop and are asked to provide suggestions for improvement. The responses are tabulated and used to make program improvements, as necessary.

Outcomes evaluation includes tracking the number of participants attending programs for the HomeOwnership Center and Resident Services; pre- and post-surveys of resident education/ training; surveys of partners, which depending on the project can either be written, in group meeting, or in formal interviews. All information is entered into the CounselorMax data management system. Cabrillo tracks and reports participant financial education/counseling, demographics, program participation and results. All information is also reported out to our funders, including Keep Your Home California, HUD and NeighborWorks America.

Each year, CEDC's important work helps residents improve their quality of life by providing affordable housing communities, as well as a variety of resources, social opportunities and educational programs. Community building is the process of building social networks within the community and developing group and individual problem-solving and leadership skills.

CEDC has been successful in fulfilling its mission through its core business lines: Real Estate Development (RED), which has developed 1,781 affordable rental and for-sale homes for farm workers and other working families, the disabled, and seniors; Property Management, which manages 1,151 rental homes in 26 properties; Resident & Community Services, which works with partners to provide educational, health, and other resources to 3,900 residents living at CEDC properties; and the NeighborWorks® HomeOwnership Center, which, over the past few years, has assisted over 1,100 families to become homeowners and provided homebuyer education and counseling services to more than 13,000 families, including foreclosure prevention services to over 4,100 households.

External Reviews

Financials

Cabrillo Economic Development Corp

Fiscal year: Jan 01 - Dec 31

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  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
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Operations

The people, governance practices, and partners that make the organization tick.

Need more info?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
A Pro report is also available for this organization for $125.
Click here to see what's included.

Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

Not Applicable