CABRILLO ECONOMIC DEVELOPMENT CORP
Mission Statement
CEDC is a private non-profit community development corporation whose mission is to provide comprehensive housing services, through a community building approach, that facilitate self-sufficiency for individuals and families who are most lacking in opportunity in Ventura and Santa Barbara Counties and adjacent areas in Los Angeles County. CEDC’s target population are households earning less than 80% of the Area Median Income for Ventura and Santa Barbara County, CA. CEDC is a chartered member of NeighborWorks® America, a national network of more than 230 community development and affordable home developers. In 2016, CEDC celebrated its 35th year of operation. Grounded in principles of community building, CEDC develops ownership and rental housing that forms the foundation for people to improve their lives. Cabrillo builds quality, well-designed housing that is affordable for people with limited means. Our success is based on maintaining a company that is well-managed and that collaborates with public, private and community partners.
Financial Overview — FY 2023
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $4.2M | $3.9M | N/A | — | 95 |
| 2022 | $3.2M | $3.3M | N/A | — | 80 |
| 2021 | $5.2M | $3.4M | N/A | — | 115 |
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