Delaware Housing Opportunity Fund Inc
Delaware Housing Opportunity Fund Inc. shows fluctuating revenue and declining assets, with no officer compensation reported.
EIN: 205769960 · Wilmington, DE · NTEE: L82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $4K |
| Program Spending | 80% |
| Net Assets | $31K |
| Transparency Score | 65/100 |
Is Delaware Housing Opportunity Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware Housing Opportunity Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware Housing Opportunity Fund Inc
Delaware Housing Opportunity Fund Inc (EIN: 205769960) is a nonprofit organization based in Wilmington, DE, classified under NTEE code L82. The organization reported total revenue of $4K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Housing Opportunity Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Housing Opportunity Fund Inc is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $4K |
| Surplus / Deficit | +$3K |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | 41.7% |
| Months of Reserves | 105.8 months |
Financial Health Grade: A
In 2023, Delaware Housing Opportunity Fund Inc reported a surplus of $3K with revenue exceeding expenses, holds 105.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), Delaware Housing Opportunity Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.3% | -81.4% | +8.8% |
| 2022 | +379.6% | +335.1% | -6.7% |
| 2021 | -65.0% | -57.5% | -2.7% |
| 2021 | -81.7% | -87.1% | -0.6% |
| 2020 | +55.9% | +107.6% | -43.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Housing Opportunity Fund Inc 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: 80%
- fundraising: 5%
According to IRS 990 filings, Delaware Housing Opportunity Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or that compensation falls below reporting thresholds, which is positive for directing funds to the mission.
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 Housing Opportunity Fund Inc's IRS 990 filings:
- Highly inconsistent revenue streams, making financial planning challenging.
- Declining asset base over recent years, from $58,561 in 2018 to $30,865 in 2023, suggesting expenses often outpace income.
- Expenses frequently exceeding revenue in several periods (e.g., 2022, 2020, 2019, 2021).
Strengths
The following positive indicators were identified for Delaware Housing Opportunity Fund Inc:
- Consistently reports $0 in liabilities, indicating strong debt management.
- Reports 0% officer compensation, ensuring funds are directed to the mission.
- Long filing history (14 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Delaware Housing Opportunity Fund Inc
Is Delaware Housing Opportunity Fund Inc a legitimate charity?
Delaware Housing Opportunity Fund Inc (EIN: 205769960) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $4K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Delaware Housing Opportunity Fund Inc spend its money?
Delaware Housing Opportunity Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Delaware Housing Opportunity Fund Inc tax-deductible?
Delaware Housing Opportunity Fund Inc is registered as a tax-exempt nonprofit (EIN: 205769960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Delaware Housing Opportunity Fund Inc's spending goes to programs?
Delaware Housing Opportunity Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Delaware Housing Opportunity Fund Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Delaware Housing Opportunity Fund Inc is above average for NTEE category L82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Delaware Housing Opportunity Fund Inc located?
Delaware Housing Opportunity Fund Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 205769960. It is classified under NTEE code L82.
How many years of IRS 990 filings does Delaware Housing Opportunity Fund Inc have?
Delaware Housing Opportunity Fund Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4K in total revenue.
Is Delaware Housing Opportunity Fund Inc. financially stable?
The organization's financial stability is questionable due to highly fluctuating revenues and a trend of declining assets, from $58,561 in 2018 to $30,865 in 2023, suggesting expenses have often exceeded income.
How does the organization manage its liabilities?
The organization consistently reports $0 in liabilities across all available filings, indicating excellent financial management in avoiding debt.
What is the trend in the organization's revenue?
Revenue has been highly inconsistent, ranging from a high of $74,988 in 2015 to a low of $3,500 in 2021, making it difficult to predict future income.
Does the organization pay its officers?
No, the organization consistently reports 0% for officer compensation in all available filings, indicating a volunteer-driven leadership or that compensation is not at a reportable level.
Filing History
IRS 990 filing history for Delaware Housing Opportunity Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Delaware Housing Opportunity Fund Inc's revenue has grown by 9.8%, moving from $5K to $6K. Total assets increased by 84.9% over the same period, from $17K to $31K. Total functional expenses fell by 44%, from $6K to $4K. In its most recent filing year (2023), Delaware Housing Opportunity Fund Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $4K | $31K | $0 | — | — |
| 2022 | $17K | $19K | $28K | $0 | — | View 990 |
| 2021 | $4K | $4K | $30K | $0 | — | — |
| 2021 | $10K | $10K | $31K | $0 | — | — |
| 2020 | $55K | $79K | $31K | $0 | — | — |
| 2019 | $35K | $38K | $56K | $0 | — | View 990 |
| 2018 | $26K | $21K | $59K | $0 | — | View 990 |
| 2017 | $32K | $22K | $54K | $0 | — | View 990 |
| 2016 | $50K | $46K | $44K | $0 | — | View 990 |
| 2015 | $75K | $47K | $39K | $0 | — | View 990 |
| 2014 | $66K | $68K | $11K | $0 | — | View 990 |
| 2013 | $32K | $32K | $14K | $0 | — | View 990 |
| 2012 | $17K | $20K | $14K | $0 | — | View 990 |
| 2011 | $5K | $6K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $4K, and assets of $31K (revenue -64.3% year-over-year).
- 2022: Revenue of $17K, expenses of $19K, and assets of $28K (revenue +379.6% year-over-year).
- 2021: Revenue of $4K, expenses of $4K, and assets of $30K (revenue -65.0% year-over-year).
- 2021: Revenue of $10K, expenses of $10K, and assets of $31K (revenue -81.7% year-over-year).
- 2020: Revenue of $55K, expenses of $79K, and assets of $31K (revenue +55.9% year-over-year).
- 2019: Revenue of $35K, expenses of $38K, and assets of $56K (revenue +36.9% year-over-year).
- 2018: Revenue of $26K, expenses of $21K, and assets of $59K (revenue -19.7% year-over-year).
- 2017: Revenue of $32K, expenses of $22K, and assets of $54K (revenue -36.8% year-over-year).
- 2016: Revenue of $50K, expenses of $46K, and assets of $44K (revenue -32.7% year-over-year).
- 2015: Revenue of $75K, expenses of $47K, and assets of $39K (revenue +14.5% year-over-year).
- 2014: Revenue of $66K, expenses of $68K, and assets of $11K (revenue +106.0% year-over-year).
- 2013: Revenue of $32K, expenses of $32K, and assets of $14K (revenue +84.5% year-over-year).
- 2012: Revenue of $17K, expenses of $20K, and assets of $14K (revenue +215.7% year-over-year).
- 2011: Revenue of $5K, expenses of $6K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Housing Opportunity Fund Inc:
Data Sources and Methodology
This transparency report for Delaware Housing Opportunity Fund 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.