Charitable Ventures of Orange County

Overview

Mission

The organization is dedicated to providing resources and support services (such as incubation, accounting, and fiscal sponsorship) to emerging charitable ventures and projects.

What it reported doing in 2024

925 NB HT - The Newport Beach Housing Trust (NBHT) will be a catalyst for new rental and ownership housing by: Serving as an intermediary between investors and developers; Assembling capital from public, private, and philanthropic sources; Extending flexible loans on housing developments that otherwise would not be funded; Providing technical assistance to developers of affordable and missing-middle housing nurturing community partnerships to increase impact. The Newport Beach Housing Trust will provide the kind of financing tools developers need but are sometimes considered too risky for traditional lenders. Examples are land banking, pre-development activities, and construction. Making capital available at these early stages of a project could make all the difference for a variety of workforce and affordable rental housing developments, for senior independent living properties, and even accessory dwelling units. NBHT will also coordinate and seek partnerships with other housing organizations in the region, to be sure that program offerings are complementary and additive

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
208756660
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Santa Ana, CA, USA
Phone
7145976630
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonprofit Management

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 63
  • Accountability: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.6%; rating input score 77
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: $551.03 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 46.4%; rating input score 46; 10th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 19.7% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 18.7% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 19.4% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 76.6% of revenue deployed · 79.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 83 filed program accomplishments · $13.9M in reported program spending
  • Leadership: top reported pay $202K · 10 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 annual filings from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 26 filed money-flow records
  • Related organizations: 24 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

10 people listed

Highest reported compensation

  • ANNE OLIN (President & CEO): $201,690 total reported compensation
  • THEODORE KIM (COO): $150,006 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.