Wilmington, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHRIS WHITE COMMUNITY DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $296K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $548K exceeded revenue, resulting in a 85% operating deficit.
Our mission is to provide affordable artists' housing along with the supporting infrastructures that cultivate a Wilmington art community capable of innovative and lasting collaborations with its surroundings.
Operation of a 23-unit low-income apartment building for artists, including making the building's street-level gallery available to tenants.
Making the Chris White Gallery available to community artists and other arts organizations; and actively promoting and supporting art-related and other community events there. Since resuming gallery...
Making the Chris White Gallery available to community artists and other arts organizations; and actively promoting and supporting art-related and other community events there. Since resuming gallery activities in November 2021 (after a 20-month hiatus caused by the COVID pandemic), CWCDC has regularly mounted exhibits of work by local artists and opened them to the public on preannounced occasions and made them available for private showings as well. Unpaid board members and other volunteers manage the gallery and organize events. Curation and set-up of exhibits is contracted with qualified representatives of the local art community on a per-exhibit basis. During 2023 the gallery was open to the public for 31 total showings covering 7 different exhibits; in 2022 there were 21 showings for 8 exhibits. CWCDC earns a below-market commission when art is sold as a result of exhibits. The gallery is also offered to the community for appropriate private events for a nominal cost. Also during 2023, CWCDC received a grant of $4,800 from the Delaware Division of the Arts to patch and seal a wall in the gallery basement and install a hanging system.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $296,292 | $261,745 | +0.1% |
| Expenses | $547,595 | $496,225 | +0.1% |
| Net Income | $-251,303 | $-234,480 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Andy Vible | Director | 6 |
Director
|
$1,460 | $0 | $1,460 |
| Rickie Akines | Director | 1 |
Director
|
$0 | $0 | $0 |
| Sharon Leyhow | President and Director | 8 |
Officer
Director
|
$0 | $0 | $0 |
| John Stafford | Director, Assistant Treasurer | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Jason Stoehr | Vice President and Director | 3 |
Officer
Director
|
$0 | $0 | $0 |
| Danny Schweers | Director | 12 |
Director
|
$0 | $0 | $0 |
| Patricia Whitman | Director | 4 |
Director
|
$0 | $0 | $0 |
| Scott Serota | Director | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $296,292 | $547,595 | $3,791,064 | $-251,303 |
| 2022 | $261,745 | $496,225 | $4,033,793 | $-234,480 |
| 2021 | $257,213 | $491,031 | $4,262,302 | $-233,818 |
| 2020 | $238,108 | $482,142 | $4,474,293 | $-244,034 |
| 2019 | $229,328 | $486,602 | $4,698,309 | $-257,274 |
| 2018 | $217,376 | $457,403 | $4,939,720 | $-240,027 |
Compare CHRIS WHITE COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in Delaware and across the country.