DELANCEY STREET NORTH CAROLINA

EIN: 561586613 501(c)(3) Mental Health

GREENSBORO, NC

Total Revenue
$248,158
Total Expenses
$378,392
Total Assets
$605,860
Net Assets
$596,960
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Principal Officer
MIMI H SILBERT
Phone
3363798477
Tax Period
2023-01-01 to 2023-12-31

DELANCEY STREET NORTH CAROLINA, founded in 1987, is a small nonprofit in the Mental Health sector that reported $248K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 52% operating deficit.

Mission

PROVIDE LONG-TERM RESIDENTIAL HOUSING AND ON-THE-JOB VOCATIONAL TRAINING, EDUCATION AND BASIC LIFE SKILLS TO FORMER DRUG/ALCOHOL ABUSERS, HOMELESS AND OTHERS. PART III, LINE 1, ORGANIZATION'S MISSION STATEMENT: THE REHABILITATION OF FORMER CRIMINALS, DRUG AND/OR ALCOHOL ABUSERS, EDUCATING THE PUBLIC ABOUT POVERTY, ALCOHOL AND SUBSTANCE ABUSE, OPERATE A LONG-TERM RESIDENTIAL EDUCATIONAL CENTER TEACHING ACADEMIC AND VOCATIONAL SKILLS, LIFE SKILLS, AND VALUES NEEDED LEADING TOWARDS LIFE IN THE MAINSTREAM OF SOCIETY; OPERATION OF INCOME PRODUCING TRAINING PROGRAMS AND RELATED TRAINING INSTITUTE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $107,738
Program Service Revenue $128,516
Investment Income $872
Other Revenue $11,032
TOTAL REVENUE $248,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,290
Program Expenses $367,532
Other Expenses $378,392
TOTAL EXPENSES $378,392

Year-over-Year Comparison

2023 2022 Change
Revenue $248,158 $397,150 -0.4%
Expenses $378,392 $490,982 -0.2%
Net Income $-130,234 $-93,832 +0.4%
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
6
Independent Members
6
Employees
N/A
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
$1,013,873
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SILBERT DIRECTOR/CHAIR 1.00
Director
$0 $0 $0
GREG SILBERT DIRECTOR 1.00
Director
$0 $0 $0
PETER PALMISANO DIRECTOR 1.00
Director
$0 $0 $0
SUSAN MARGOLIS BALK DIRECTOR 1.00
Director
$0 $0 $0
ERIC ORTIZ DIRECTOR 1.00
Director
$0 $0 $0
RACHELLE YE - FROM 122023 DIRECTOR 1.00
Director
$0 $0 $0
MIMI H SILBERT PRESIDENT/CEO 3.00
Officer
$0 $155,986 $553,403
JERRY RAYMOND TREASURER 3.00
Officer
$0 $85,131 $189,787
STEPHANIE MULLER- FROM 122023 SECRETARY / OFFICER 3.00
Officer
$0 $88,505 $270,683
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
2024 No data No data No data No data
2023 $248,158 $378,392 $605,860 $-130,234
2022 $397,150 $490,982 $731,201 $-93,832
2021 $366,048 $507,210 $843,934 $-141,162
2020 $357,864 $429,702 $973,061 $-71,838
2019 $435,705 $511,785 $1,045,747 $-76,080
2018 $585,194 $553,388 $1,141,914 $31,806
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