INTERFAITH COMMUNITY HOUSING OF DELAWARE

EIN: 510298556 501(c)(3) Housing & Shelter

WILMINGTON, DE

Total Revenue
$3,689,336
Total Expenses
$2,280,678
Total Assets
$7,996,954
Net Assets
$2,096,085
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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
DE
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

TO STRENGTHEN DELAWARE COMMUNITIES AND SERVE LOW AND MODERATE INCOME HOUSEHOLDS BY DEVELOPING AND MAINTAINING SUSTAINABLE AFFORDABLE HOUSING AND PREPARING INDIVIDUALS AND FAMILIES FOR SUCCESSFUL HOMEOWNERSHIP.

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
37
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
5
$172,833
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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