The Coachella Valley Housing Coalition

EIN: 953814898 501(c)(3) Housing & Shelter

Indio, CA

Total Revenue
$23,439,657
Total Expenses
$22,474,973
Total Assets
$170,669,739
Net Assets
$91,321,950
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Phone
7603473157
Tax Period
2023-10-01 to 2024-09-30

The Coachella Valley Housing Coalition, founded in 1982, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.4M in total revenue in fiscal year 2023. Expenses of $22.5M left a modest 4% surplus.

Mission

The purpose of the Coachella Valley Housing Coalition a nonprofit community development corportation, is to improve the living conditions of low-income individuals and families by constructing and operating affordable housing infused with the living conditions of low-income individuals and families by constructing and operating affordable housing infused with community service programs. CVHC develops single family and multifamily affordable housing for low-income families, and individuals. We also provide an array of community services programs and other opportunities that enrich, build and grow their lives.

Program Service Accomplishments

Program 1
Expenses: $17,283,567 Revenue: $14,279,453

CVHC owns and operates six multifamily apartment developments, one single room occupancy apartment, two mobile home parks, and one senior housing that provides affordable housing to low and very...

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CVHC owns and operates six multifamily apartment developments, one single room occupancy apartment, two mobile home parks, and one senior housing that provides affordable housing to low and very low-income farmworker families, and low-income families and seniors. The Total number of units is 558 multifamily, 172 rental spaces.In addition, CVHC operates two Migrant Farmworker housing facilities that provide temporary housing to migrant farmworkers totaling 176 units. CVHC contracts with a third-party Property Management Company to manage its developments.CVHC and its affiliated entities also own and operate sixteen (16) additional multifamily apartment developments that provide affordable housing to low and very low-income families and individuals. These developments were built under the Low-Income Housing Tax Credit Program (LIHTC). These tax credit developments have completed the 15-year tax credit investors compliance period. The total number of units owned is 855.

Program 2
Expenses: $2,646,690 Revenue: $1,022,855

CVHC provides technical assistance to low-income families in obtaining financing to build their single-family home in the Coachella Valley and other communities. CVHC receives federal, state, county...

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CVHC provides technical assistance to low-income families in obtaining financing to build their single-family home in the Coachella Valley and other communities. CVHC receives federal, state, county and local funds to assist families to build their homes under the Mutual Self-Help Program (MSHP). The total number of houses completed for this period under the MSHP was 67, a total of 94 were in various stages of construction, and 63 were in family recruiting stages.CVHC also acquires and develops land for the purpose of building affordable single-family housing. A total of 520 lots are currently in the predevelopment stages. CVHC operates a Lease to Own Program, whereby houses were purchased, rehabilitated, and rented out to eligible families. A total of 44 houses were rehabilitated under this program. During the year two (2) houses were sold during the year, and three (3) houses remain under this program.CVHC provides housing counseling assistance to families participating in the MSHP and the Lease to Own Program. A total of 354 individuals received various types of housing counseling services during the fiscal year.

Program 3
Expenses: $541,701 Revenue: $1,368,074

CVHC acquires and develops land for the purpose of building affordable multifamily housing development. Financing for these developments is obtained from the Low-Income Housing Tax Credit Program...

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CVHC acquires and develops land for the purpose of building affordable multifamily housing development. Financing for these developments is obtained from the Low-Income Housing Tax Credit Program (LIHTC) as well as federal, state, county and local funds. During the year we completed construction (May 2024) on one (1) LIHTC special needs housing development 61 units in the city of Palm Springs, CA.CVHC had three (4) multifamily developments in the pre-construction stages, totaling 322 units of affordable housing.CVHC has developed, rehabilitated, and acquired 42 developments for a total of 3,050 units of multifamily housing, and special needs affordable housing since its inception.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,105,763
Program Service Revenue $17,143,653
Investment Income $1,190,241
Other Revenue $0
TOTAL REVENUE $23,439,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,038,277
Fundraising Expenses $0
Program Expenses $21,328,055
Other Expenses $16,436,696
TOTAL EXPENSES $22,474,973

Year-over-Year Comparison

2023 2022 Change
Revenue $23,439,657 $24,388,637 0.0%
Expenses $22,474,973 $21,656,355 +0.0%
Net Income $964,684 $2,732,282 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
51
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$250,838
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pedro SG Rodriguez Executive Dir. 40.00
Officer
$220,249 $30,589 $250,838
Mary Ann Ybarra Administrator 40.00
$112,251 $11,932 $124,183
Emilia Mojica Administrator 40.00
$115,800 $6,003 $121,803
Fred Deharo Member 1.00
Director
$0 $0 $0
Juan Muoz President 1.00
Officer Director
$0 $0 $0
Jose Santos Treasurer 1.00
Officer Director
$0 $0 $0
Juliana S Diaz Member 1.00
Director
$0 $0 $0
Kephyan Sheppard Member 1.00
Director
$0 $0 $0
Gordon Countryman Member 1.00
Director
$0 $0 $0
Dr Ines Suarez Member 1.00
Director
$0 $0 $0
Sylvia Montenegro Member 1.00
Director
$0 $0 $0
Robert Wright Member 1.00
Director
$0 $0 $0
Deanna Mendoza Vice President 1.00
Officer Director
$0 $0 $0
Rosemary Bautista Secretary 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $23,439,657 $22,474,973 $170,669,739 $964,684
2023 $24,388,637 $21,656,355 $162,445,173 $2,732,282
2022 $19,733,399 $18,731,451 $156,407,446 $1,001,948
2021 $17,127,596 $16,940,392 $146,778,624 $187,204
2020 $16,786,118 $16,784,768 $146,405,011 $1,350
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