Merritt Community Capital Corporation

Nonprofit profile at a glance

EIN
943099401
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Oakland, CA, USA
Phone
5104447870
Rating
73
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Housing, Shelter N.E.C.

Official website

Reported finances

Revenue
$12,127,956
Expenses
$6,791,961
Assets
$49,117,080
Liabilities
$12,487,689

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • ARI BELIAK (PRESIDENT & CEO)

Highest reported compensation

  • ARI BELIAK (PRESIDENT & CEO): $552,040 total reported compensation
  • DAVID DOLOGITE (MANAGING DIRECTOR, COMMUNITY INVESTMENTS): $350,970 total reported compensation
  • NEDRAH BARNES (CFO): $331,187 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing for low income persons.

What it reported doing in 2025

The corporation was formed to act as the general partner in partnerships or managing member in llcs which have invested in or lend to local partnerships, which build or rehabilitate units of affordable housing under the provisions of IRS sec. 42. The corporation provides supporting services to these partnerships on an ongoing basis. The corporation also provides and facilitates scholarships, internships, and career development to attract, train, and retain affordable housing professionals.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 83% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.3%; rating input score 46
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: $1.22 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th 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: 93.8%; rating input score 94; 31st 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; 64th 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: 44%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 7.23; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 40.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 9.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 46.3% of revenue deployed · 84.2% of spending went to programs
  • Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.7M in reported program spending
  • Leadership: top reported pay $552K · 27 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $421K reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 29 filed money-flow records
  • Related organizations: 50 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.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.