LOVE-IN-DEED COMMUNITY DEVELOPMENT CORPORATION

EIN: 462576164 501(c)(3) Community Improvement

Wilmington, DE

Total Revenue
$610,209
Total Expenses
$153,236
Total Assets
$522,081
Net Assets
$472,975
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DE
Principal Officer
Rachel R Howell
Phone
3023848045
Tax Period
2023-01-01 to 2023-12-31

LOVE-IN-DEED COMMUNITY DEVELOPMENT CORPORATION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $610K in total revenue in fiscal year 2023. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $457K, a strong 75% operating margin.

Mission

Our mission is to provide programs, services, and community development projects to educate and equip individuals and families to improve their quality of life and promote self-sufficiency.

Program Service Accomplishments

Program 1
Expenses: $53,366 Revenue: $0

Love-In-Deed Food Closet. The LIDCDC Food Closet operates throughout the year servicing residential and homeless individuals of Delaware every 3rd Saturday of each month who are in need of emergency...

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Love-In-Deed Food Closet. The LIDCDC Food Closet operates throughout the year servicing residential and homeless individuals of Delaware every 3rd Saturday of each month who are in need of emergency food relief, clothing, and personal hygienic items. Volunteers work throughout the month collecting, sorting, packaging, and distributing food by way of drive-up food giveaways, or clients who walk up to the site. Each month 6,000 lbs of food is distributed to about 180-200 families. Boxes and bags are packaged to feed a family of four approx. 3-4 days. Partnerships have been established between the LIDCDC food closet and local and regional businesses and community agencies such as The New Castle County Community Services, Westside Family Healthcare, Nemours Children's Hospital, and Amazon. The food closet also has partnerships with local grocers and food suppliers such as Bimbo Bakery, Shoprite, Acme, and Food Lion. Traffic flow is directed with the support of DelDot (Delaware Dept of Transportation). Program funds utilized to create a Superfoods Urban Garden in support of providing fresh produce for food closet visitors, and used as visual topic lessons on healthy eating for youth in the RISE Program. Youth participants were also educated on moving onto better nutritional habits and learned how to plant a garden. Other program funds were allocated to equipment purchases: conveyors, refrigeration, and platform trucks and dollies to aid in the harvesting and storage of produce.

Program 2
Expenses: $86,967 Revenue: $0

R.I.S.E. (Reaching Independence & Self Empowerment) Program. R.I.S.E. is program that educates, instructs, and guides youth and young adults aging out of foster care with life-skill training to...

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R.I.S.E. (Reaching Independence & Self Empowerment) Program. R.I.S.E. is program that educates, instructs, and guides youth and young adults aging out of foster care with life-skill training to assist their successful transition into adulthood. The program offers a broad range of life-skill trainings such as money management, college searching, housekeeping, time-management, renter's rights, cooking, and other topics to help young people prioritize and commit to reaching their personal goals and creating a stable future. The program is designed to operate 11 months each year, with teaching sessions and workshops provided twice a month. Some sessions are onsite that include professional speakers and some sessions consist of college trips and career tours. In support of the R.I.S.E. program, the organization made capital renovations at the site to install a new intercom and security system for students. Equipment install included video cameras in four areas of parking lot and blind spots to ensure student safety.

Program 3
Expenses: $0 Revenue: $0

No accomplishments

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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 (2023)

Revenue Breakdown

Contributions & Grants $599,755
Program Service Revenue $0
Investment Income $0
Other Revenue $10,454
TOTAL REVENUE $610,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,333
Other Expenses $153,236
TOTAL EXPENSES $153,236

Year-over-Year Comparison

2023 2022 Change
Revenue $610,209 $235,142 +1.6%
Expenses $153,236 $233,912 -0.3%
Net Income $456,973 $1,230 +370.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
30

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rachel R Howell CEO 37
Officer Director
$0 $0 $0
Betty Jean Moore-Thompson Program Manager, LIDCDC Food Closet 15
Officer Director
$0 $0 $0
Shala Owens Development Director 10
Director
$0 $0 $0
Jerel Dupree Board member 5.00
Director
$0 $0 $0
Anthony Dickerson Board Member 3.00
Director
$0 $0 $0
Janelle Wadford Board member 3
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
2024 No data No data No data No data
2023 $610,209 $153,236 $522,081 $456,973
2022 $225,653 $239,912 $221,170 $-14,259
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