Vallejo First Corporation

Nonprofit profile at a glance

EIN
020617968
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Vallejo, CA, USA
Phone
7074809688
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$154,992
Expenses
$113,049
Assets
$93,519

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

Leadership & pay

13 people listed

Executive titles in this filing

  • Pippen Dew (President)
  • Richard Abbott (Vice President)

People named in this filing

  • Maio Antuna (Secretary)
  • Nicole Hodge (Director)
  • Ismael Pilasio (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Vallejo Main Street, part of the National Main Street Program, is a public benefit corporation dedicated to preserving our historic importance and working with the public and private sectors to achieve economic vitality.

What it reported doing in 2024

Vallejo First Corporation (dba Vallejo Main Street) mission is to promote the Downtown business community of Vallejo. We sponsor numerous events throughout the year to further that goal. This includesAUGUST SUMMER NIGHTS evening celebrations in the downtown with music, food, artisans. Every Thursday in August.HALLOWEEN TRICK OR TREAT family oriented trick or treating during the weekend of Halloween with participating businessesHOLIDAY EXTRAVAGANZA wine tasting walk to promote holiday shopping with participating businessesSTAKEHOLDERS MIXER goodwill event. food and drinks for the businesses and property owners to mingle and share ideas MEMBERSHIP OF CALIFORNIA MAIN STREET ASSOCIATION access to the resources of the state and national Main Street organizationsASSUME SPONSORSHIP OF DOWNTOWN FARMERS MARKET Saturday farmers market that brings thousands of attendees into the downtown weekly all year aroundINDIAN ALLEY ENHANCEMENT PROJECT in conjunction with AARP to create inviting space in underutilized alley with lighting, murals, sculptures and plantings

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 100
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.2%; rating input score 59
  • Program expense ratio: 81.2%; rating input score 81

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 27.1%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 63.2%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 164.7% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 106.6% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 57.8% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 59.2% of revenue deployed · 81.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $92K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.