WILMINGTON, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $900K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 91% operating deficit.
FOUNDED TO REALIZE THE PROMISE OF A COMMUNITY-CENTRIC FINANCIAL SYSTEM, DCRAC PROVIDES LOW- AND NO-COST SERVICES THAT ENABLE DELAWAREANS TO UNTANGLE AND TAKE CHARGE OF THEIR FINANCIAL LIVES.WE INTEGRATE LEGAL AND FINANCIAL SERVICES WITH COMMUNITY EDUCATION AND ADVOCACY SO THAT LOW- TO MODEST-WEALTH CLIENTS CAN SECURE THEIR OWN FINANCIAL FUTURES AND THRIVE WITHIN MAINSTREAM BANKING AND LEGAL SYSTEMS. WE PROUDLY WORK WITH COMMUNITY MEMBERS TO SERVE THEIR NEEDS, ENSURING EVERYONE WHO WALKS THROUGH OUR DOORS HAS THE NECESSARY SERVICES, RESOURCES, AND KNOWLEDGE TO ACCESS CREDIT, CAPITAL, AND LEGAL SUPPORT. IN DELAWARE, WE'RE ALSO THE ONLY GROUP MAKING SURE THAT BANKS AROUND WHICH OUR STATE ECONOMY IS BUILT GIVE BACK TO THE COMMUNITYAND WE'VE BEEN DOING THAT SINCE 1987.ALL OUR WORK TRANSFORMS THE FINANCIAL LIVES OF OUR CLIENTS THROUGH TARGETED OUTREACH, CUSTOMIZED EDUCATION, TAILORED PRODUCTS, AND STRATEGIC LEGAL CARE TO PRESERVE THE WEALTH WE HELP OUR FAMILIES CREATE.
DCRAC LAW: TAX PRACTICE AKA LOW INCOME TAXPAYER CLINIC (LITC) IS A FREE LEGAL SERVICE TO SUPPORT TAXPAYERS IN DEALING WITH THE IRS ENSURING THAT LOW- AND MODERATE-INCOME HOUSEHOLDS HAVE A FAIR CHANGE...
DCRAC LAW: TAX PRACTICE AKA LOW INCOME TAXPAYER CLINIC (LITC) IS A FREE LEGAL SERVICE TO SUPPORT TAXPAYERS IN DEALING WITH THE IRS ENSURING THAT LOW- AND MODERATE-INCOME HOUSEHOLDS HAVE A FAIR CHANGE IN RESOLVING TAX ISSUES AND ACCESSING CREDITS TO WHICH THEY ARE ENTITLED.
STEPPTING STONES COMMUNITY FEDERAL CREDIT UNION: FOUND BY DCRAC IN 2011, STEPING STONES IS NOW A FULLY INDEPENDENT CREDIT UNION THAT PROVIDES ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS TO ALL...
STEPPTING STONES COMMUNITY FEDERAL CREDIT UNION: FOUND BY DCRAC IN 2011, STEPING STONES IS NOW A FULLY INDEPENDENT CREDIT UNION THAT PROVIDES ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS TO ALL COMERS.
DCRAC LAW: ESTATE PRACTICE: AFFORDALE LEGAL SERVCIES TO PROTECT HOMEOWNERSHIPAND PRESERVE GENERATIONAL WEALTH, WE PROVIDE WILLIS, PROBATE, AND TITLE-CLEARING SERVICES SO FAMILIES CAN STAY IN THEIR...
DCRAC LAW: ESTATE PRACTICE: AFFORDALE LEGAL SERVCIES TO PROTECT HOMEOWNERSHIPAND PRESERVE GENERATIONAL WEALTH, WE PROVIDE WILLIS, PROBATE, AND TITLE-CLEARING SERVICES SO FAMILIES CAN STAY IN THEIR HOMES, PREVENT TANGLED TITLES, AND TRANSFER ASETS SECURELY AND EFFICIENTLY.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $900,419 | $1,036,894 | -0.1% |
| Expenses | $1,719,427 | $1,261,935 | +0.4% |
| Net Income | $-819,008 | $-225,041 | +2.6% |
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 |
|---|---|---|---|---|---|---|
| ALBERT GRIFFITH | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC SMITH | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOEL AMIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR AUBREY BLUME | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC EVANS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LILLIAN HARRISON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOMENIC PEDANTE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LULY SANTOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA SPELLMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VERNON VASSALLO ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RASHMI RANGAN | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$133,120 | $0 | $133,120 |
| JACLYN QUINN | DEPUTY DIRECTOR | 40.00 |
Highest
|
$131,040 | $0 | $131,040 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $900,419 | $1,719,427 | $1,466,942 | $-819,008 |
| 2024 | No data | No data | No data | No data |
| 2023 | $944,161 | $844,286 | $2,504,428 | $99,875 |
| 2022 | $1,423,732 | $1,133,277 | $2,405,248 | $290,455 |
| 2021 | $1,772,114 | $1,629,455 | $2,134,204 | $142,659 |
| 2020 | $991,623 | $740,760 | $1,989,815 | $250,863 |
| 2019 | $1,901,812 | $1,048,212 | $1,723,396 | $853,600 |
Compare DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC with other nonprofits in Delaware and across the country.