Central Delaware Hfh
- Assets
- $9.5m
- Revenue
- $2.2m
- Investments
- $23.6k
- Employees
- 34
- Location
- Dover, DE
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 51-0376650
Organization Overview
Central Delaware Hfh is located in Dover, DE. The organization was established in 2010. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Central Delaware Hfh employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Delaware Hfh 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 12/2022, Central Delaware Hfh generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEEKING TO PUT GOD'S LOVE INTO ACTION, CDHFH BRINGS PEOPLE TOGETHER TO BUILD AFFORDABLE HOMES, COMMUNITIES, AND HOPE.
Describe the Organization's Program Activity:
IN 2022, THREE LOW-INCOME FAMILIES ACHIEVED HOMEOWNERSHIP THROUGH CDHFH'S HOUSING PROGRAM AND FOUR WERE IN PROCESS AT YEAR END. THESE HOMES WERE BUILT IN PARTNERSHIP WITH THE FUTURE HOMEOWNER EARNING THEIR SWEAT EQUITY HOURS, BUT ALSO IN PARTNERSHIP WITH THE KENT COUNTY COMMUNITY TO PROVIDE VOLUNTEER LABOR AND FINANCIAL SUPPORT. CDHFH'S PROGRAM IS CONSIDERED "A HAND UP, NOT A HAND OUT." SEE SCHEDULE O FOR ADDITIONAL INFORMATION ON OUR PROGRAM. CONSTRUCTED HOMES ARE SOLD TO THE SELECTED FAMILIES AT COST WITH A ZERO PERCENT INTEREST MORTGAGE. MORTGAGE PAYMENTS ARE THEN PAID TO CDHFH TO CONTINUE TO HELP FUND FUTURE HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Bergold Vice Preside | OfficerTrustee | 2 | $0 |
Audrey Daniels Board Member | Trustee | 1 | $0 |
Frank Daniels Board Member | OfficerTrustee | 1 | $0 |
Will Grimes Board Member | Trustee | 1 | $0 |
Bryan Hudson Treasurer | OfficerTrustee | 2 | $0 |
Jessica Jackson Asst Secreta | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $936,725 |
| Noncash contributions included in lines 1a–1f | $17,741 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $984,566 |
| Total Program Service Revenue | $1,186,812 |
| Investment income | -$5,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,393 |
| Net Gain/Loss on Asset Sales | $2,500 |
| Net Income from Fundraising Events | $36,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,244,682 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $826,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,516 |
| Payroll taxes | $91,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $258 |
| Fees for services: Accounting | $22,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,474 |
| Office expenses | $22,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,270 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,566 |
| Interest | $46,956 |
| Payments to affiliates | $25,000 |
| Depreciation, depletion, and amortization | $45,621 |
| Insurance | $27,866 |
| All other expenses | $50,518 |
| Total functional expenses | $2,242,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,271 |
| Savings and temporary cash investments | $83,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,321,002 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,836,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,551 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829,574 |
| Total assets | $9,501,702 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,130,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $315,401 |
| Total liabilities | $1,445,562 |
| Net assets without donor restrictions | $7,702,007 |
| Net assets with donor restrictions | $354,133 |
| 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 | $9,501,702 |