College Area Economic Development Corporation
Nonprofit profile at a glance
- EIN
- 330709443
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025
- Location
- San Diego, CA, USA
- Phone
- 6195821093
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $617,396
- Expenses
- $650,567
- Assets
- $213,698
- Liabilities
- $137,154
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- PAUL RUSSO (President)
- AMIR REZAI (Vice President)
People named in this filing
- PAUL RUSSO (President)
- AMIR REZAI (Vice President)
- RACHEL GREGG (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The college area economic development corporation's mission is to provide a united voice for our memebers and give each business owner the ability to flourish.
What it reported doing in 2025
The organization receives funding from the city of san diego for maintenance and landscaping within the college heights maintenance assessment district. The organization also receives funding from the city of san diego to promote economic development and promotional activities within the college area business improvement district. These activities are undertaken to improve the quality of life in the immediate neighborhoods.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.4%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95% of spending went to programs
- Governance: 13 of 13 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $618K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Highest-paid contractors: 1 contractor listed · $156K reported
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 19/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.