Delaware Affordable Housing Group Inc
EIN: 271236960 · Wilmington, DE · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $365K |
| Net Assets | $4.4M |
Is Delaware Affordable Housing Group Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Delaware Affordable Housing Group Inc
Delaware Affordable Housing Group Inc (EIN: 271236960) is a nonprofit organization based in Wilmington, DE, classified under NTEE code L20. The organization reported total revenue of $2.3M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Affordable Housing Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Affordable Housing Group Inc is a mid-size nonprofit that has been operating for 6 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $623K |
| Total Expenses | $365K |
| Surplus / Deficit | +$258K |
| Total Assets | $5.6M |
| Total Liabilities | $1.2M |
| Net Assets | $4.4M |
| Operating Margin | 41.5% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 185.6 months |
Financial Health Grade: A
In 2023, Delaware Affordable Housing Group Inc reported a surplus of $258K with revenue exceeding expenses, holds 185.6 months of operating reserves (strong position), has a debt-to-asset ratio of 22.1% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Delaware Affordable Housing Group Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Affordable Housing Group Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $258K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.1%.
Frequently Asked Questions about Delaware Affordable Housing Group Inc
Is Delaware Affordable Housing Group Inc a legitimate charity?
Delaware Affordable Housing Group Inc (EIN: 271236960) is a registered tax-exempt nonprofit based in Delaware. Total revenue: $2.3M. No red flags identified. Financial health grade: A.
How does Delaware Affordable Housing Group Inc spend its money?
Delaware Affordable Housing Group Inc reported $2.3M in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Delaware Affordable Housing Group Inc tax-deductible?
Delaware Affordable Housing Group Inc is registered as a tax-exempt nonprofit (EIN: 271236960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware Affordable Housing Group Inc located?
Delaware Affordable Housing Group Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 271236960. It is classified under NTEE code L20.
Filing History
IRS 990 filing history for Delaware Affordable Housing Group Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Delaware Affordable Housing Group Inc reported a surplus of $258K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $5.6M in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $623K | $365K | $5.6M | $1.2M | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Affordable Housing Group Inc:
Data Sources and Methodology
This transparency report for Delaware Affordable Housing Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.