Interfaith Community Housing Of Delaware Inc is located in Wilmington, DE. The organization was established in 1987. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Interfaith Community Housing Of Delaware Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Community Housing Of Delaware 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 06/2021, Interfaith Community Housing Of Delaware Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN DELAWARE COMMUNITIES AND SERVE LOW AND MODERATE INCOME HOUSEHOLDS BY DEVELOPING AND MAINTAINING SUSTAINABLE AFFORDABLE HOUSING AND PREPARING INDIVIDUALS AND FAMILIES FOR SUCCESSFUL HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEBUYER & FINANCIAL EDUCATION AND COUSELING - THROUGH OUR HOMEOWNERSHIP CENTER (HOC), INTERFAITH COMMUNITY HOUSING SERVED OVER 938 FAMILIES/HOUSEHOLDS IN OUR HOMEBUYER AND FINANCIAL EDUCATION AND COUNSELING, CREDIT, AND DEFAULT PREVENTION PROGRAMS STATE-WIDE. THESE INCLUDED 448 IN OUR EDUCATIONAL SEMINAR PROGRAM, GENERATING 285 SUCCESSFUL FIRST-TIME HOMEBUYERS. ANOTHER 43 HOUSEHOLDS PARTICIPATED IN OUR FORECLOSURE MITIGATION PROGRAM, WITH 15 HOMES SAVED TO DATE.
COMMUNITY BUILDING & ENGAGEMENT - 15 MOBILE FOOD GIVEAWAYS {250 VOLUNTEERS}, 10 FIRST FRIDAY NIGHT ADULT BINGO EVENTS {30 VOLUNTEERS}, 10 COMMUNITY MASK DISTRIBUTIONS {80 VOLUNTEERS}, 10 IN PERSON COMMUNITY MEETINGS, NEW MURAL ON 6TH ST OVER I-95 BRIDGE {300}, 2 COMMUNITY EVENTS ON 6TH ST BRIDGE OVER I-95 {50}, CREATED MULTIGROUP TEXTING IN ORDER TO DISSIMULATE COMMUNITY INFORMATION, CREATED A RESIDENT COUNCIL AT HERRING MANOR SENIOR CENTER {10}, 6 SCHOLARSHIPS AWARDED TO COMMUNITY PEOPLE TO ATTEND 3-DAY ADA TRAINING IN BALTIMORE MD {5|, CREATED THE WEST CENTER CITY HANDYMAN PROGRAM, 2 SUCCESSFUL RESIDENT LEADERSHIP ACADEMY CLASSES COMPLETED- 2 ADULT COHORTS, BOTH VIRTUAL WITH FOCUS ON USING ART TO BUILD COMMUNITY, 10 SCHOOL BASED LEADERSHIP CLASSES AND PROJECTS, 9 RESIDENT GRADUATES JOINED THE BLOCK CAPTAINS NETWORK, 12 MONTHLY COMMUNITY ENGAGEMENT MEETINGS, 2 YOUTH FORUMS ON EDUCATION AND CAREER & COLLEGE AWARENESS, 2 YOUTH CREATED PSAS FOR VIRTUAL EDUCATION AND DISTANCE LEARNING SUPPORTS, 2 NEW COMMUNITY MURALS CREATED, 2TEMPORARY ART INSTALLATIONS (WILLIAM HICKS COMMUNITY CENTER & DELAWARE MUSEUM OF CONTEMPORARY ART & DESIGN, 1 HOSTED FIRST YOUTH LED WCC COMMUNITY WELLNESS DAY, 2 HOSTED COMMUNITY ARTS ENGAGEMENT EVENTS, 2 COMMUNITY GARDEN/ GREEN SPACES CULTIVATED (YEAR 1), QUARTERLY COMMUNITY GATHERINGS AVERAGE ATTENDANCE 150 RESIDENT, 25 YOUTH AMBASSADORS PROVIDED 1500+ COMMUNITY SERVICE HOURS, LED 1ST ANNUAL MLK BROWN BOOK DONATION DRIVE, 225 RESIDENTS PARTICIPATED IN COMMUNITY IMPACT SURVEY, 50 BLOCKS SURVEYED, 100 PROPERTY CONDITIONS SURVEYED, STEERING PARTNER FOR WYLIP (WILMINGTON YOUTH LEADERSHIP INCUBATOR PROGRAM), STEERING PARTNER FOR MAYORS CRIME REDUCTION TEAM, COMMUNITY MEMBER FOR CHRISTINA SCHOOL DISTRICT RECONFIGURATION INITIATIVE
RESIDENTIAL REAL ESTATE DEVELOPMENT INTERFAITH RED DEPARTMENT COMPLETED AND SOLD (1) REHABBED UNIT IN THE CITY OF WILMINGTON AS PART OF ITS SCATTERED SITE DEVELOPMENT. ICHDE REHABBED (1) AND CONSTRUCTED (3) NEW SINGLE-FAMILY HOMES IN THE DUNLEITH COMMUNITY USING NEW CASTLE COUNTY'S HOME PROGRAM, DSHA STRONG NEIGHBORHOODS PROGRAM AND OTHER FINANCING. ICHDE ALSO BEGAN CONSTRUCTION ON (3) NEW SINGLE-FAMILY HOMES DURING THIS PERIOD.ICHDE COMPLETED AND SOLD (5) SINGLE FAMILY HOMES TO LOW- AND/OR MODERATE-INCOME BUYERS DURING THIS REPORTING PERIOD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Darlene Sample Executive Director | Officer | 35 | $139,250 |
K Emmanuel Magruder Vice Chair | OfficerTrustee | 1 | $0 |
Raymond Douglas Armstrong ESQ Chair | OfficerTrustee | 1 | $0 |
Bishop Robert Lewis Treasurer | OfficerTrustee | 1 | $0 |
Joan Fitzgerald Secretary | OfficerTrustee | 1 | $0 |
Nicholas J Davis Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
C&b General Contractors Inc Building Contractor | 6/29/21 | $305,739 |
Al Merced General Contractor Inc Building Contractor | 6/29/21 | $111,271 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $760,878 |
All other contributions, gifts, grants, and similar amounts not included above | $283,368 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,246 |
Total Program Service Revenue | $368,976 |
Investment income | $67,970 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $307,659 |
Net Gain/Loss on Asset Sales | -$763,615 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,044,897 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $153,205 |
Compensation of current officers, directors, key employees. | $29,647 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $781,846 |
Pension plan accruals and contributions | $32,774 |
Other employee benefits | $154,053 |
Payroll taxes | $68,309 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,398 |
Fees for services: Accounting | $43,841 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,483 |
Advertising and promotion | $3,697 |
Office expenses | $92,665 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $49,693 |
Travel | $4,756 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $52,458 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $64,439 |
Insurance | $25,077 |
All other expenses | $6,288 |
Total functional expenses | $1,730,349 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $124,474 |
Savings and temporary cash investments | $312,512 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $879,686 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,235,855 |
Inventories for sale or use | $1,360,062 |
Prepaid expenses and deferred charges | $23,135 |
Net Land, buildings, and equipment | $893,070 |
Investments—publicly traded securities | $0 |
Investments—other securities | $272,213 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $402,288 |
Total assets | $5,503,295 |
Accounts payable and accrued expenses | $515,558 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $3,552,422 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $186,195 |
Total liabilities | $4,254,175 |
Net assets without donor restrictions | -$85,075 |
Net assets with donor restrictions | $1,334,195 |
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 | $5,503,295 |
Over the last fiscal year, we have identified 4 grants that Interfaith Community Housing Of Delaware Inc has recieved totaling $448,098.
Awarding Organization | Amount |
---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: GENERAL SUPPORT | $309,500 |
United Way Of Delaware Inc Wilmington, DE PURPOSE: OPERATIONS | $60,713 |
The Mon Valley Initiative Homestead, PA PURPOSE: HOUSING COUNSELING | $47,885 |
Crestlea Foundation Inc Wilmington, DE PURPOSE: GENERAL SUPPORT | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Milford Housing Development Corperation Milford, DE | $34,677,401 | $10,337,525 |
Daughter Of Miriam Association Clifton, NJ | $0 | $8,577,466 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Fox Lake Ahf Inc Newark, NJ | $17,499,126 | $5,986,974 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
1st Cerebral Palsy Of New Jersey Inc Belleville, NJ | $2,942,759 | $6,851,396 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Kingsbury Corporation Trenton, NJ | $8,309,783 | $5,602,951 |