HOME FOR AGED WOMEN-MINQUADALE HOME INC

EIN: 510075766 501(c)(3) Human Services

WILMINGTON, DE

Total Revenue
$13,948,175
Total Expenses
$13,884,697
Total Assets
$17,705,235
Net Assets
$16,776,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1824
Legal Domicile
DE
Principal Officer
PAUL SMILEY
Phone
3026544486
Tax Period
2025-01-01 to 2025-12-31

HOME FOR AGED WOMEN-MINQUADALE HOME INC, founded in 1824, is a mid-sized nonprofit in the Human Services sector that reported $13.9M in total revenue in fiscal year 2025.

Mission

THE ORGANIZATION IS DEDICATED TO ENHANCING THE QUALITY OF LIFE OF ELDERLY RESIDENTS AND DAY-PROGRAM PARTICIPANTS BY PROVIDING A SECURE AND CARING ENVIRONMENT IN A FAMILY SETTING, WITHIN THE CONTEXT OF THE LARGER COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $34,686
Program Service Revenue $13,303,247
Investment Income $576,626
Other Revenue $33,616
TOTAL REVENUE $13,948,175

Expense Breakdown

Grants Paid $14,513
Salaries & Benefits $7,582,254
Fundraising Expenses $0
Program Expenses $12,446,707
Other Expenses $6,287,930
TOTAL EXPENSES $13,884,697

Year-over-Year Comparison

2025 2024 Change
Revenue $13,948,175 $13,272,403 +0.1%
Expenses $13,884,697 $14,655,610 -0.1%
Net Income $63,478 $-1,383,207 -1.0%
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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Governance

Voting Members
9
Independent Members
9
Employees
215
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
5
$246,355
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT REESE PRESIDENT 5.00
Officer Director
$0 $0 $0
TERRENCE MCBRIDE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
STEPHEN P CLARK TREASURER 5.00
Officer Director
$0 $0 $0
MATTHEW C SMITH SECRETARY 5.00
Officer Director
$0 $0 $0
PAUL GUGGENBERGER IMMEDIATE PAST PRESIDENT 5.00
Director
$0 $0 $0
GAIL LIND BOARD MEMBER 5.00
Director
$0 $0 $0
HARVEY C SMITH JR BOARD MEMBER 5.00
Director
$0 $0 $0
DANIEL WOLCOTT JR BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW GEORGOV BOARD MEMBER 5.00
Director
$0 $0 $0
PAUL SMILEY EXECUTIVE DIRECTOR 40.00
Officer
$199,633 $46,722 $246,355
ROCHELLE WILSON DIRECTOR OF NURSING 40.00
Highest
$145,016 $2,212 $147,228
JESSICA BANNAN ADMINISTRATOR 40.00
Highest
$144,937 $18,626 $163,563
DAVID MAINA ADMINISTRATOR 40.00
Highest
$129,636 $1,976 $131,612
MATENNEH ABU ADMINISTRATOR 40.00
Highest
$134,878 $23,004 $157,882
AGNES NJOROGE ADMINISTRATOR 40.00
Highest
$135,970 $26,537 $162,507
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 $13,948,175 $13,884,697 $17,705,235 $63,478
2024 $13,272,403 $14,655,610 $17,411,348 $-1,383,207
2023 $14,140,873 $13,621,697 $17,847,949 $519,176
2022 $12,107,445 $13,076,380 $16,321,143 $-968,935
2021 $11,076,005 $12,833,635 $18,717,786 $-1,757,630
2020 $13,514,561 $13,259,208 $19,379,573 $255,353
2019 $12,622,956 $12,772,836 $17,691,603 $-149,880
2018 $12,542,822 $12,527,791 $16,660,748 $15,031
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