Delaware Community Investment Corporation
Delaware Community Investment Corporation: Declining Revenue, Stable Assets
EIN: 223080881 · Wilmington, DE · NTEE: L200 · Updated: 2026-04-04
About Delaware Community Investment Corporation
Delaware Community Investment Corporation (EIN: 223080881) is a nonprofit organization based in Wilmington, DE, classified under NTEE code L200. The organization reported total revenue of $2.2M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Community Investment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Community Investment Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Delaware Community Investment Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available data, preventing a specific assessment of individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Delaware Community Investment Corporation's IRS 990 filings:
- Revenue has shown a significant decline from $1,213,368 in 2020 to $538,858 in 2023.
- Total expenses have fluctuated, with a notable increase in 2019 to $4,870,512, which is significantly higher than other years.
Strengths
The following positive indicators were identified for Delaware Community Investment Corporation:
- Assets have remained relatively stable over the past few years, despite revenue fluctuations.
- The organization consistently reports 0% compensation from related parties, indicating good governance in this area.
Frequently Asked Questions about Delaware Community Investment Corporation
What does Delaware Community Investment Corporation do?
Delaware Community Investment Corporation is a nonprofit organization in the Housing & Shelter sector, located in Wilmington, Delaware. It is classified under NTEE code L200.
How much revenue does Delaware Community Investment Corporation have?
Delaware Community Investment Corporation reported total revenue of $2,230,400. Based on 13 IRS 990 filings on record.
What are Delaware Community Investment Corporation's total assets?
Delaware Community Investment Corporation holds total assets of $8,611,455 as reported in IRS 990 filings.
Where is Delaware Community Investment Corporation located?
Delaware Community Investment Corporation is based in Wilmington, Delaware.
What is Delaware Community Investment Corporation's EIN?
Delaware Community Investment Corporation's Employer Identification Number (EIN) is 223080881. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Delaware Community Investment Corporation?
Delaware Community Investment Corporation is classified under NTEE code L200 (Housing & Shelter).
Is Delaware Community Investment Corporation a registered 501(c)(3)?
Yes, Delaware Community Investment Corporation is recognized as a tax-exempt organization by the IRS. EIN: 223080881.
Does Delaware Community Investment Corporation file IRS Form 990?
Yes, Delaware Community Investment Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Delaware Community Investment Corporation's revenue in 2023?
In the 202312 filing period, Delaware Community Investment Corporation reported total revenue of $538,858, total expenses of $854,670, and net assets of $9,163,687.
Is Delaware Community Investment Corporation's revenue growing or declining?
Delaware Community Investment Corporation's revenue is declining. Revenue went from $1,085,788 (202212) to $538,858 (202312), a -50.4% change. Based on 13 filings on record.
What is Delaware Community Investment Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Delaware Community Investment Corporation covers tax period 202312. It shows revenue of $538,858, expenses of $854,670, total assets of $9,163,687, and liabilities of $1,207,247.
How much does Delaware Community Investment Corporation spend on programs vs administration?
Based on IRS 990 analysis, Delaware Community Investment Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Delaware Community Investment Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Delaware Community Investment Corporation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Delaware Community Investment Corporation?
The following concerns were identified: Revenue has shown a significant decline from $1,213,368 in 2020 to $538,858 in 2023.. Total expenses have fluctuated, with a notable increase in 2019 to $4,870,512, which is significantly higher than other years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Delaware Community Investment Corporation's strengths?
Positive indicators for Delaware Community Investment Corporation include: Assets have remained relatively stable over the past few years, despite revenue fluctuations.. The organization consistently reports 0% compensation from related parties, indicating good governance in this area.. These findings are derived from AI analysis of the organization's financial filings.
How does Delaware Community Investment Corporation compensate executives?
Executive compensation details are not explicitly provided in the available data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Delaware Community Investment Corporation?
• Financial statements are publicly available through IRS Form 990 filings. • The organization consistently reports 0% compensation from related parties. • Detailed program descriptions are somewhat limited in public filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial decline in revenue from 2020 to 2023, how has the organization managed to maintain a relatively stable asset base?
The organization's assets have remained stable, suggesting effective management of existing resources or a reliance on prior year reserves, even as revenue has decreased. Further investigation into investment income or specific asset types would be beneficial.
What caused the unusually high expenses of $4,870,512 in 2019 compared to other years, and how did this impact the organization's financial health?
The significant spike in expenses in 2019, which was nearly ten times higher than the following year's expenses, warrants further investigation. This could indicate a major one-time project, asset disposal, or a reporting anomaly. Without more detail, its impact on long-term financial health is unclear, though assets remained high that year.
Filing History
IRS 990 filing history for Delaware Community Investment Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware Community Investment Corporation's revenue has grown by 13.3%, moving from $476K to $539K. Total assets decreased by 91.5% over the same period, from $107.3M to $9.2M. Total functional expenses rose by 117.8%, from $392K to $855K. In its most recent filing year (2023), Delaware Community Investment Corporation reported a deficit of $316K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $9.2M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $539K | $855K | $9.2M | $1.2M | — | — |
| 2022 | $1.1M | $763K | $9.4M | $1.2M | — | — |
| 2021 | $799K | $407K | $12.4M | $4.0M | — | View 990 |
| 2020 | $1.2M | $732K | $11.7M | $4.1M | — | View 990 |
| 2019 | $1.1M | $4.9M | $97.0M | $90.0M | — | View 990 |
| 2018 | $949K | $538K | $115.0M | $104.5M | — | View 990 |
| 2017 | $661K | $573K | $108.4M | $98.1M | — | View 990 |
| 2016 | $659K | $601K | $106.9M | $96.9M | — | View 990 |
| 2015 | $5.0M | $1.3M | $108.8M | $98.9M | — | View 990 |
| 2014 | $1.8M | $837K | $97.0M | $90.8M | — | View 990 |
| 2013 | $1.0M | $549K | $97.7M | $91.6M | — | View 990 |
| 2012 | $651K | $488K | $107.7M | $102.5M | — | View 990 |
| 2011 | $476K | $392K | $107.3M | $102.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $539K, expenses of $855K, and assets of $9.2M (revenue -50.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $763K, and assets of $9.4M (revenue +35.9% year-over-year).
- 2021: Revenue of $799K, expenses of $407K, and assets of $12.4M (revenue -34.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $732K, and assets of $11.7M (revenue +14.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $4.9M, and assets of $97.0M (revenue +11.8% year-over-year).
- 2018: Revenue of $949K, expenses of $538K, and assets of $115.0M (revenue +43.6% year-over-year).
- 2017: Revenue of $661K, expenses of $573K, and assets of $108.4M (revenue +0.3% year-over-year).
- 2016: Revenue of $659K, expenses of $601K, and assets of $106.9M (revenue -86.7% year-over-year).
- 2015: Revenue of $5.0M, expenses of $1.3M, and assets of $108.8M (revenue +176.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $837K, and assets of $97.0M (revenue +77.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $549K, and assets of $97.7M (revenue +55.8% year-over-year).
- 2012: Revenue of $651K, expenses of $488K, and assets of $107.7M (revenue +36.9% year-over-year).
- 2011: Revenue of $476K, expenses of $392K, and assets of $107.3M.
Data Sources and Methodology
This transparency report for Delaware Community Investment Corporation 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.