National CORE
Legal name: National Community Renaissance of California
Nonprofit profile at a glance
- EIN
- 330521215
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Rancho Cucamonga, CA, US
- Phone
- (909) 483-2444
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $71,982,893
- Expenses
- $66,071,685
- Assets
- $400,839,235
- Liabilities
- $313,779,505
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- JEFFREY BURUM (CHAIRMAN OF THE BOARD/CEO)
- MICHAEL RUANE (PRESIDENT)
Highest reported compensation
- JOHN SEYMOUR III (VP OF ACQUISITIONS): $367,500 total reported compensation
- CHRISTOPHER KILLIAN (SR. VP OF CONSTRUCTION): $363,211 total reported compensation
- ROBERT DIAZ (EXECUTIVE VP, SECRETARY, GENERAL COUNSEL): $350,188 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
National CORE’s mission is to develop, preserve and invest in the physical environment, providing safe, high-quality shelter as an essential building block to a better life, creating the necessary environment to move people from dependency to self-sufficiency.
What it reported doing in 2024
Improving the quality of life for low-income families by stabilizing and revitalizing neighborhoods via acquisition, renovation, and management of affordable housing developments.
Operating model
- Revenue model
- Earned-program. 75% 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.
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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 74
- Accountability: 95
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 26%; rating input score 26
- Program expense ratio: 32.6%; rating input score 33
- Fundraising efficiency: $160.74 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.2%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 6.07; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 76th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 4 operating locations identified
- Where the money goes: 26% of revenue deployed · 32.6% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $21.5M in reported program spending
- Leadership: top reported pay $368K · 37 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 25 filed money-flow records
- Related organizations: 176 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.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- Moderate — Financial Efficiency: Program expense ratio scored 33/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.