Venice Community Housing

Legal name: Venice Community Housing Corporation

Nonprofit profile at a glance

EIN
954200761
IRS 990 coverage
2013–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Venice, CA, US
Phone
(310) 399-4100
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$39,938,777
Expenses
$16,815,522
Assets
$133,637,924
Liabilities
$97,044,563

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

Leadership & pay

18 people listed

Executive titles in this filing

  • ALLISON RILEY (CO-EXECUTIVE DIRECTOR)
  • BECKY DENNISON (FORMER CO-EXECUTIVE DIRECTOR)
  • ERIKA LEE (CO-EXECUTIVE DIRECTOR)

Highest reported compensation

  • ALLISON RILEY (CO-EXECUTIVE DIRECTOR): $159,220 total reported compensation
  • BECKY DENNISON (FORMER CO-EXECUTIVE DIRECTOR): $149,553 total reported compensation
  • ERIKA LEE (CO-EXECUTIVE DIRECTOR): $146,210 total reported compensation

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

Overview

Mission

Venice Community Housing believes we must challenge root causes of housing injustice and homelessness and actively confront all forms of racism in order to ensure equitable communities with access to healthy, safe, and affordable homes for all.

What it reported doing in 2024

Affordable housing: vchc currently owns 346 units of affordable and supportive housing in 19 properties, of which 66 units are held directly by vchc, and operates an additional 28 units of short-term housing for families and transition aged youth experiencing homelessness. Vchc provides the property management and maintenance services for all properties, and works to preserve and expand housing opportunities through new construction and rehabilitation opportunities.

Operating model

Revenue model
Grant-funded. 79% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.6%; rating input score 39
  • Program expense ratio: 91.4%; rating input score 91
  • Fundraising efficiency: $69.9 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 57.9%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 7.95; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.73; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 17.4% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 24% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 26.2% per year; rating input score 100; 94th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 38.6% of revenue deployed · 91.4% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $15.4M in reported program spending
  • Leadership: top reported pay $159K · 18 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.2M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 15 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.