Interfaith Community Housing Of Delaware Inc
- Assets
- $5.8m
- Revenue
- $1.9m
- Investments
- $272.2k
- Employees
- 24
- Location
- Wilmington, DE
- Founding
- 09/1987
- Data as of
- 06/2022
- EIN
- 51-0298556
Organization Overview
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 06/2022, Interfaith Community Housing Of Delaware Inc employed 24 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 06/2022, Interfaith Community Housing Of Delaware Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
2022
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, INTERFAITH COMMUNITY HOUSING SERVED OVER 805 FAMILIES/HOUSEHOLDS IN OUR HOMEBUYER AND FINANCIAL EDUCATION AND COUNSELING, CREDIT, AND DEFAULT PREVENTION PROGRAMS STATE-WIDE. THESE INCLUDED 394 IN OUR EDUCATIONAL SEMINAR PROGRAM, GENERATING 258 SUCCESSFUL FIRST-TIME HOMEBUYERS. ANOTHER 59 HOUSEHOLDS PARTICIPATED IN OUR FORECLOSURE MITIGATION PROGRAM, WITH 14 HOMES SAVED TO DATE.
COLONY WEST, WEST CENTER IMPLEMENTATION AND REAL ESTATE MANAGEMENT
COMMUNITY BUILDING & ENGAGEMENT - 10 MOBILE FOOD GIVEAWAYS {150 VOLUNTEERS} 5 FIRST FRIDAY NIGHT ADULT BINGO EVENTS {15 VOLUNTEERS} 12 PARTNERSHIP COMMUNITY GIVEAWAYS {25 VOLUNTEERS} 7 IN PERSON COMMUNITY MEETINGS NEW MURAL ON 9TH & 10TH STS OVER I-95 BRIDGE {250} 1 COMMUNITY EVENTS ON 9TH BRIDGE OVER I-95 {45} CONTINUED THE WEST CENTER CITY HANDYMAN PROGRAM 5 SCARED GROUNDS GARDENS TOTALING $4500.00 2 HOUSES OF WORSHIPS MINI GRANTS FOR LED LIGHTING TOTALING $18,000.00 4 SUCCESSFUL RESIDENT LEADERSHIP ACADEMY CLASSES COMPLETED- 2 ADULT /2 YOUTH COHORTS WITH FOCUS ON USING ART TO BUILD COMMUNITY 12 SCHOOL BASED LEADERSHIP CLASSES AND PROJECTS 10 RESIDENT GRADUATES JOINED THE BLOCK CAPTAINS NETWORK 12 MONTHLY COMMUNITY ENGAGEMENT MEETINGS 2 YOUTH FORUMS ON EDUCATION AND CAREER & COLLEGE READINESS 2 NEW COMMUNITY MURALS WERE CREATED. 1 HOSTED ANNUAL YOUTH LED WCC COMMUNITY WELLNESS DAY 1 HOSTED COMMUNITY MENTAL HEALTH AWARENESS FAIR 3 HOSTED COMMUNITY ARTS ENGAGEMENT EVENTS 3 YOUTH ARTISTS FEATURED AT WILMINGTON LIBRARY ART ENGAGEMENT EVENTS 2 REIMAGINE EDUCATION YOUTH/ FAMILY WORKSHOPS 2 COMMUNITY GARDEN/ GREEN SPACES CULTIVATED. QUARTERLY COMMUNITY GATHERINGS AVERAGE ATTENDANCE 200 RESIDENT 25 YOUTH AMBASSADORS PROVIDED 1500+ COMMUNITY SERVICE HOURS. 35 YOUTH PARTICIPATED IN CORE TEN -COMMUNITY FITNESS PROGRAM. LED 2ND ANNUAL MLK BROWN BOOK DONATION DRIVE STEERING PARTNER FOR WYLIP (WILMINGTON YOUTH LEADERSHIP INCUBATOR PROGRAM) MEMBER OF GOVERNOR WILMINGTON LEARNING COLLABORATIVE STEERING PARTNER FOR MAYORS CRIME REDUCTION TEAM COMMUNITY MEMBER FOR CHRISTINA SCHOOL DISTRICT
RESIDENTIAL REAL ESTATE DEVELOPMENT ICHDE CONSTRUCTED AND COMPLETED (4) NEW SINGLE-FAMILY HOMES (1) IN THE DUNLEITH COMMUNITY (3) IN THE HOLLOWAY TERRACE COMMUNITY LOCATED IN NEW CASTLE COUNTY.THESE UNITS WERE PART OF OUR RT. 9 HOUSING INITIATIVE USING NEW CASTLE COUNTY'S HOME PROGRAM, DSHA STRONG NEIGHBORHOODS PROGRAM AND OTHER FINANCING DURING THIS PERIOD. ICHDE ALSO BEGAN DISCUSSIONS WITH VANDERMARK ENGINEERING, KENT COUNTY AND THE CITY OF MILFORD TO DEVELOP (36) NEWLY CONSTRUCTED SINGLE-FAMILY HOMES IN THE MILFORD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Douglas Armstrong ESQ Chair | OfficerTrustee | 1 | $0 |
K Emmanuel Magruder Vice Chair | OfficerTrustee | 1 | $0 |
Bishop Robert Lewis Treasurer | OfficerTrustee | 1 | $0 |
Joan Fitzgerald Secretary | OfficerTrustee | 1 | $0 |
Maria Cabrera Board Member | Trustee | 1 | $0 |
Nicholas J Davis Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&b General Contractors Inc Building Contractor | 6/29/22 | $370,058 |
Al Merced General Contractor Inc Building Contractor | 6/29/22 | $115,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,142,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,347,174 |
| Total Program Service Revenue | $195,067 |
| Investment income | $31,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $364,308 |
| Net Gain/Loss on Asset Sales | -$64,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,894,541 |
| 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. | $158,251 |
| Compensation of current officers, directors, key employees. | $44,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $781,475 |
| Pension plan accruals and contributions | $7,425 |
| Other employee benefits | $136,104 |
| Payroll taxes | $67,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,492 |
| Fees for services: Accounting | $40,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,642 |
| Advertising and promotion | $8,029 |
| Office expenses | $104,822 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,640 |
| Travel | $7,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,125 |
| Insurance | $9,770 |
| All other expenses | $0 |
| Total functional expenses | $1,727,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,187 |
| Savings and temporary cash investments | $568,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $552,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,270,151 |
| Inventories for sale or use | $1,680,999 |
| Prepaid expenses and deferred charges | $27,368 |
| Net Land, buildings, and equipment | $839,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $272,150 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $428,340 |
| Total assets | $5,831,109 |
| Accounts payable and accrued expenses | $404,009 |
| Grants payable | $0 |
| Deferred revenue | $5,241 |
| 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 | $3,811,532 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,291 |
| Total liabilities | $4,415,073 |
| Net assets without donor restrictions | $771,587 |
| Net assets with donor restrictions | $644,449 |
| 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 | $5,831,109 |