DELAWARE COMMUNITY INVESTMENT CORPORATION

EIN: 223080881 501(c)(3) Housing & Shelter

WILMINGTON, DE

Total Revenue
$491,339
Total Expenses
$1,360,773
Total Assets
$8,611,455
Net Assets
$7,108,632
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DE
Principal Officer
BRETT OUMEDIAN
Phone
3026551420
Tax Period
2024-01-01 to 2024-12-31

DELAWARE COMMUNITY INVESTMENT CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $491K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 177% operating deficit.

Mission

TO SERVE AS A VEHICLE FOR COMMUNITY REVITALIZATION BY TAKING DIRECT ACTION THROUGH THE FINANCING OF, AND INVESTMENTS IN, HOUSING, COMMUNITY ECONOMIC DEVELOPMENT AND RELATED ACTIVITIES DESIGNATED TO ADDRESS THE NEEDS OF LOW INCOME PERSONS AND AREAS: TO AGGREGATE AND COORDINATE THE USE OF PUBLIC RESOURCES TO IMPROVE AND EXPAND COMMUNITY DEVELOPMENT THROUGHOUT THE EASTERN REGION OF THE UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $1,034,187 Revenue: $291,136

TO PROVIDE SERVICES TO AFFORDABLE HOUSING PROVIDERS AS WELL AS PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $291,136
Investment Income $200,203
Other Revenue $0
TOTAL REVENUE $491,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,034,187
Other Expenses $1,360,773
TOTAL EXPENSES $1,360,773

Year-over-Year Comparison

2024 2023 Change
Revenue $491,339 $538,858 -0.1%
Expenses $1,360,773 $854,670 +0.6%
Net Income $-869,434 $-315,812 +1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
3
$1,471,344
Total Directors
4
$1,774,805
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH BROADNAX DIRECTOR 0.10
Director
$0 $34,443 $303,461
RYAN ROBINSON CHAIR 0.10
Officer Director
$0 $27,148 $434,139
BRETT OUMEDIAN TREASURER/CFO 0.10
Officer Director
$0 $44,410 $628,728
JOSH GHENA VICE PRESIDENT 0.10
Officer Director
$0 $40,747 $408,477
SUSAN FRANK PRESIDENT 0.10
Highest
$0 $34,362 $413,216
LUCIUS VASSAR ASSISTANT SECRETARY 0.10
Highest
$0 $44,410 $502,407
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 $491,339 $1,360,773 $8,611,455 $-869,434
2023 $538,858 $854,670 $9,163,687 $-315,812
2022 $1,085,788 $763,085 $9,444,693 $322,703
2021 $798,695 $406,656 $12,359,123 $392,039
2020 $1,213,368 $731,524 $11,729,242 $481,844
2019 $1,061,549 $4,870,512 $97,015,607 $-3,808,963
2018 $949,270 $538,303 $115,039,542 $410,967
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