DELANCEY STREET SOUTH CAROLINA

EIN: 770661828 501(c)(3) Employment

NORTH CHARLESTON, SC

Total Revenue
$970,542
Total Expenses
$814,479
Total Assets
$1,303,307
Net Assets
$1,284,734
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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
2006
Legal Domicile
SC
Principal Officer
MIMI H SILBERT
Phone
8435545179
Tax Period
2023-01-01 to 2023-12-31

DELANCEY STREET SOUTH CAROLINA, founded in 2006, is a small nonprofit in the Employment sector that reported $971K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 16% operating margin.

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 $427,999
Program Service Revenue $515,590
Investment Income $4,994
Other Revenue $21,959
TOTAL REVENUE $970,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,753
Program Expenses $800,307
Other Expenses $814,479
TOTAL EXPENSES $814,479

Year-over-Year Comparison

2023 2022 Change
Revenue $970,542 $781,322 +0.2%
Expenses $814,479 $698,279 +0.2%
Net Income $156,063 $83,043 +0.9%
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
ERIC ORTIZ DIRECTOR 1.00
Director
$0 $0 $0
GREG SILBERT DIRECTOR 1.00
Director
$0 $0 $0
PETER PALMISANO DIRECTOR 1.00
Director
$0 $0 $0
RACHELLE YE - FROM 122023 DIRECTOR 1.00
Director
$0 $0 $0
SUSAN MARGOLIS BALK DIRECTOR 1.00
Director
$0 $0 $0
JERRY RAYMOND TREASURER 3.00
Officer
$0 $85,131 $189,787
MIMI SILBERT PRESIDENT/CEO 3.00
Officer
$0 $155,986 $553,403
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 $970,542 $814,479 $1,303,307 $156,063
2022 $781,322 $698,279 $1,152,387 $83,043
2021 $1,367,062 $1,009,482 $1,051,280 $357,580
2020 $1,341,346 $1,077,526 $697,226 $263,820
2019 $1,075,054 $941,977 $428,331 $133,077
2018 $1,250,175 $1,121,015 $315,290 $129,160
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