INTERFAITH COMMUNITY HOUSING OF DE… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

EARL PEARSON

Phone

3026523991

Tax Period

2024-07-01 to 2025-06-30

INTERFAITH COMMUNITY HOUSING OF DELAWARE, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 38% operating margin.

Mission

INTERFAITH COMMUNITY HOUSING OF DELAWARE, INC. SERVES AS A CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS BY PROVIDING SUSTAINABLE HOUSING AND HOMEOWNERSHIP SERVICES THAT SUPPORT LOW-AND MODERATE-INCOME HOUSEHOLDS.

Program Service Accomplishments

Program 1

Expenses: $561,606 Revenue: $218,006

HOMEBUYER & FINANCIAL EDUCATION AND COUSELINGTHROUGH OUR HOMEOWNERSHIP CENTER, INTERFAITH COMMUNITY HOUSING SERVED OVER 876 FAMILIES/HOUSEHOLDS IN OUR HOMEBUYER AND FINANCIAL EDUCATION AND...

HOMEBUYER & FINANCIAL EDUCATION AND COUSELINGTHROUGH OUR HOMEOWNERSHIP CENTER, INTERFAITH COMMUNITY HOUSING SERVED OVER 876 FAMILIES/HOUSEHOLDS IN OUR HOMEBUYER AND FINANCIAL EDUCATION AND COUNSELING, CREDIT, AND DEFAULT PREVENTION PROGRAMS STATE-WIDE.

Program 2

Expenses: $435,842 Revenue: $319,097

COLONY WEST RENTAL

Program 3

Expenses: $403,725 Revenue: $457,918

CONSTRUCTED HOMES - INTERFAITH COMMUNITY HOUSING OF DELAWARE, INC. OWNS SEVEN (7) AFFORDABLE HOUSING PROPERTIES THAT ALLOW US TO PROVIDE AFFORDABLE HOUSING FOR 314 FAMILIES IN NEED OF AFFORDABLE...

CONSTRUCTED HOMES - INTERFAITH COMMUNITY HOUSING OF DELAWARE, INC. OWNS SEVEN (7) AFFORDABLE HOUSING PROPERTIES THAT ALLOW US TO PROVIDE AFFORDABLE HOUSING FOR 314 FAMILIES IN NEED OF AFFORDABLE LIVING. WE WERE AWARDED 2.7 MILLION DOLLARS IN ARPA FUNDING TO REVITALIZE OUR OVERLOOK COLONY RENTAL PROPERTY THAT PROVIDES HOUSING FOR HOUSEHOLDS WITH INCOME IN THE 50% AND 60% OF AMI. ICHDE BEGAN RENOVATIONS AT OVERLOOK COLONY WHICH CONSISTS OF 35 TOWNHOMES. WE HAVE COMPLETED ALL EXTERIOR RENOVATIONS AND THREE (3) UNITS OF INTERIOR RENOVATIONS

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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 $2,571,052

Program Service Revenue $653,219

Investment Income $92,381

Other Revenue $372,684

TOTAL REVENUE $3,689,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,338,753

Fundraising Expenses $23,895

Program Expenses $1,484,185

Other Expenses $941,925

TOTAL EXPENSES $2,280,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,689,336	$3,024,837	+0.2%
Expenses	$2,280,678	$1,837,565	+0.2%
Net Income	$1,408,658	$1,187,272	+0.2%

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

Volunteers

574

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

$172,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND DOUGLAS ARMSTRONG ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
K EMMANUEL MAGRUDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BISHOP ROBERT LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
JOAN FITZGERALD	SECRETARY	1.00	Officer Director	$0	$0	$0
PREA EPPS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA FOLKS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALOK JAVERI	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER HACKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DARLENE SAMPLE	EXECUTIVE DIRECTOR	35.00	Officer	$151,375	$21,458	$172,833

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	$3,689,336	$2,280,678	$7,996,954	$1,408,658
2024	$3,024,837	$1,837,565	$6,359,253	$1,187,272
2023	$2,704,775	$1,831,605	$5,825,846	$873,170
2022	$1,894,541	$1,727,625	$5,831,109	$166,916
2021	$1,044,897	$1,730,349	$5,503,295	$-685,452
2020	$302,799	$1,660,277	$6,613,337	$-1,357,478
2019	$2,050,410	$1,781,229	$8,674,442	$269,181
2018	$2,066,449	$2,011,376	$7,589,638	$55,073

INTERFAITH COMMUNITY HOUSING OF DELAWARE