Community Improvement
(S31)
IRS Verified
DX Registered
990 on File
VENTURA COUNTY COMMUNITY DEVELOPMENT CORPORATION
Financial strength (30%)
80/100
Reliability (20%)
55/100
Effectiveness (25%)
86/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
VCCDC’s mission is “to strengthen and sustain vibrant communities by empowering individuals and families to build wealth through education and homeownership with a focus on serving low-to- moderate income residents”. We believe that education and homeownership are the cornerstones to economic security, and therefore vital to the elimination of poverty in America. VCCDC recognizes that it cannot accomplish its goals independently of the community in which it serves, and so engages organizations and its program participants through evaluation, outreach, and collaborative partnerships.
Financial Overview — FY 2024
$4.1M
Total Revenue
$1.6M
Total Expenses
$15.1M
Net Assets
18
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
84.0%
Fundraising Efficiency
83.2%
Operating Reserve
115.71x
Liability-to-Asset
7.1%
Revenue Diversification
79.5%
Executive Compensation
$228K
Compared with Peers
FY 2024
Compared with 1,629 similar organizations
(United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.0% | 85.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.5% | 11.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.5% | 0.1% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
83.2% | 114.2% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
115.7 mo | 9.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.1% | 21.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.5% | 90.7% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
77.3% | 8.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.5% | 10.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
61.9% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $4.1M | $1.6M | $15.1M | 84.0% | 18 |
| 2023 | $2.3M | $1.4M | $12.4M | 72.2% | 16 |
| 2022 | $2.8M | $1.3M | $11.4M | 73.6% | 13 |
| 2021 | $4.3M | $1.3M | N/A | — | 15 |
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