DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC

EIN: 510329119 501(c)(3) Community Improvement

WILMINGTON, DE

Total Revenue
$900,419
Total Expenses
$1,719,427
Total Assets
$1,466,942
Net Assets
$1,453,821
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
DE
Principal Officer
MS RASHMI RANGAN
Phone
3022983250
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

DCRAC TRANSFORMS FINANCIAL LIVES BY ADVOCATING FOR FAIR CONSUMER FINANCE AND BANKING PRACTICES, AND PROVIDING HIGH QUALITY LEGAL SERVICES AND FINANCIAL EDUCATION FOR LOW OR NO COST TO ITS CLIENTS.

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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 $799,252
Program Service Revenue $0
Investment Income $42,419
Other Revenue $58,748
TOTAL REVENUE $900,419

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $497,700
Fundraising Expenses $0
Program Expenses $1,646,398
Other Expenses $221,727
TOTAL EXPENSES $1,719,427

Year-over-Year Comparison

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%
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
10
Independent Members
10
Employees
7
Volunteers
10

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
3
$133,120
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
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
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 $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
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