Central Valley Low Income Housing Corp

Nonprofit profile at a glance

EIN
680256280
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Stockton, CA, USA
Phone
2094727200
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$19,799,893
Expenses
$15,432,785
Assets
$9,540,776
Liabilities
$2,622,582

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JONATHAN MENDELSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JONATHAN MENDELSON (EXECUTIVE DIRECTOR): $190,506 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary mission of central valley low income housing corporation is to provide affordable housing and related support services to low income households and individuals in san joaquin county, California.

What it reported doing in 2024

Housing disability and advocacy program: housing and support to persons who are chronically homeless and have zero income.home safe: rapid re-housing and prevention for persons who have active an adult protective services case and are homeless/at risk of homeless.housing plus program: homeless prevention and housing location for persons with an AIDS/HIV diagnosis who are at risk of homelessness.various homeless housing assistance and prevention projects: homeless prevention, rapid re-housing, landlord incentives/housing navigation, and hmis support projects.various esg projects: homeless prevention, rapid re-housing, and hmis support projects.

Operating model

Revenue model
Grant-funded. 78% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 74
  • Accountability: 84
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.3%; rating input score 75
  • Program expense ratio: 96.7%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22.1%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 9.2% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 21.7% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 75.3% of revenue deployed · 96.7% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $14.9M in reported program spending
  • Leadership: top reported pay $191K · 10 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.