DELAWARE HOUSING CORPORATION (EIN 310843299) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

THOMAS HERING

Phone

6144519000

Tax Period

2024-07-01 to 2025-06-30

DELAWARE HOUSING CORPORATION, founded in 1972, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 8% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,073,344

Program Service Revenue $452,362

Investment Income $47,677

Other Revenue $0

TOTAL REVENUE $1,573,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,286,315

Other Expenses $1,453,097

TOTAL EXPENSES $1,453,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,573,383	$1,483,510	+0.1%
Expenses	$1,453,097	$1,354,906	+0.1%
Net Income	$120,286	$128,604	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HERING	PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD MASON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SCOTT WOLF	SECRETARY	0.50	Officer Director	$0	$0	$0
PATTI BERNETT	TRUSTEE	0.50	Director	$0	$0	$0
GINA BERGLIA	TRUSTEE	0.50	Director	$0	$0	$0
KEITH FLINT	TRUSTEE	0.50	Director	$0	$0	$0
KEN VARIAN	TRUSTEE (STARTED 2024)	0.50	Director	$0	$0	$0

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
2025	$1,573,383	$1,453,097	$3,151,967	$120,286
2024	$1,483,510	$1,354,906	$2,914,869	$128,604
2023	$1,361,380	$1,309,481	$2,880,775	$51,899
2022	$1,297,974	$1,180,401	$2,741,729	$117,573
2021	$1,290,023	$1,056,656	$2,589,409	$233,367
2020	$1,279,213	$1,175,374	$2,362,320	$103,839
2019	$1,234,157	$1,293,774	$2,303,020	$-59,617
2018	$1,206,239	$1,086,882	$2,333,842	$119,357

DELAWARE HOUSING CORPORATION