Delaware Opportunities Inc
- Assets
- $7.2m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 251
- Location
- Hamden, NY
- Founding
- 03/1966
- Data as of
- 02/2024
- EIN
- 16-6063879
Organization Overview
Delaware Opportunities Inc is located in Hamden, NY. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 02/2024, Delaware Opportunities Inc employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Opportunities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2024, Delaware Opportunities Inc generated $16.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $16.1m during the year ending 02/2024. While expenses have increased by 2.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ACTION AGENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUTRITION PROGRAMS - PROVIDES FOOD, MEALS, AND NUTRITIONAL GUIDANCE TO ECONOMICALLY DISADVANTAGED AND ELDERLY INDIVIDUALS.
EDUCATION - PROGRAMS THAT OFFER EDUCATIONAL PROGRAMS AND SERVICES TO DISADVANTAGED INDIVIDUALS, PRE-SCHOOL CHILDREN, TEENS, AND ADULTS.
COMBINED HOUSING PROGRAMS - PROVIDES INDIVIDUALS AND FAMILIES WITH ACCESS TO SAFE, AFFORDABLE HOUSING BY MEANS OF RENTAL ASSISTANCE AND PROPERTY REHABILITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlyn Thies Director | Trustee | 1 | $0 |
Christopher Bodo Director | Trustee | 1 | $0 |
Joseph Cetta Director | Trustee | 1 | $0 |
Polly Dellacrosse Director | Trustee | 1 | $0 |
Arthur Edel President | OfficerTrustee | 1 | $0 |
James Ellis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D & N Improvements Llc Construction | 2/27/22 | $153,940 |
Dorothy & Lewis B Cullman Child Develop Child Development | 2/27/22 | $111,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,213,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $387,044 |
| Noncash contributions included in lines 1a–1f | $241,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,600,476 |
| Total Program Service Revenue | $742,388 |
| Investment income | $56,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,566,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,124,502 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,848 |
| Compensation of current officers, directors, key employees. | $21,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,875,546 |
| Pension plan accruals and contributions | $86,993 |
| Other employee benefits | $1,457,457 |
| Payroll taxes | $541,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,395 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,101 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $75,529 |
| Royalties | $0 |
| Occupancy | $690,546 |
| Travel | $462,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,096 |
| Insurance | $219,532 |
| All other expenses | $90,386 |
| Total functional expenses | $16,097,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $992,665 |
| Savings and temporary cash investments | $387,801 |
| Pledges and grants receivable | $1,338,330 |
| Accounts receivable, net | $639,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,871 |
| Prepaid expenses and deferred charges | $98,594 |
| Net Land, buildings, and equipment | $2,231,901 |
| Investments—publicly traded securities | $1,358,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,181 |
| Total assets | $7,185,677 |
| Accounts payable and accrued expenses | $1,464,069 |
| Grants payable | $0 |
| Deferred revenue | $587,937 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $39,257 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,181 |
| Total liabilities | $2,183,444 |
| Net assets without donor restrictions | $4,442,857 |
| Net assets with donor restrictions | $559,376 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,185,677 |