Overview
What is Delaware Community Development Corporati?
Delaware Community Development Corporation (DCDC) is a nonprofit organization situated in Wilmington, Delaware. With a team of three dedicated individuals, its primary mission is to finance capital business assets and aid small businesses in securing additional financing from local banks. This is achieved through the 504/503 program, where DCDC manages and services loans used for purchasing equipment and real estate. However, it's important to note that DCDC does not provide the funds for these loans itself. The corporation plays a crucial role in supporting local businesses by providing them with the necessary financing to grow and thrive.
Official website here: www.wedco.org
Is Delaware Community Development Corporati legitimate?
Delaware Community Development Corporati is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Community Development Corporati submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,143
For more financial information, click here
Official website here: www.wedco.org
What is the mission statement of Delaware Community Development Corporati?
The Delaware Community Development Corporation's mission is to facilitate the financing of capital business assets and aid small businesses in securing additional funding. They accomplish this by acting as an intermediary, marketing, underwriting, managing, and servicing loans that are utilized for purchasing equipment and real estate. It is important to note that the corporation itself does not fund these loans.
Official website here: www.wedco.org
Who is the CEO of Delaware Community Development Corporati?
David Daniels is the President of Delaware Community Development Corporati.
Official website here: www.wedco.org
What is the revenue of Delaware Community Development Corporati?
Delaware Community Development Corporati's revenue in 2022 was $197,077.
Official website here: www.wedco.org
Who are the executives of Delaware Community Development Corporati and what are their salaries?
The average compensation at Delaware Community Development Corporati during 2022 was $44,381. There are 3 employees at Delaware Community Development Corporati.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $93,000
- Related: $0
- Other: $0
Official website here: www.wedco.org
Where can I find the form 990 for Delaware Community Development Corporati?
Delaware Community Development Corporati's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wedco.org
Learn more at the official website: www.wedco.org
Mission Statement of Delaware Community Development Corporati
Delaware Community Development Corporation (DCDC) is an organization with a mission to finance capital business assets and aid small businesses in securing additional financing from local banks. In simpler terms, DCDC acts as a bridge, connecting small businesses with the necessary funds to purchase equipment and real estate. However, it's important to note that DCDC does not directly fund these loans; instead, it markets, underwrites, manages, and services loans through its 504/503 program. This program allows businesses to access loans that they might not be able to obtain otherwise, thereby promoting economic growth and development within the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Delaware Community Development Corporation plays a crucial role in enhancing the economic landscape by financing capital business assets and supporting small businesses in acquiring additional financing. It operates the 504/503 program, which focuses on marketing, underwriting, managing, and servicing loans that facilitate the purchase of equipment and real estate for small enterprises. While DCDC itself does not fund these loans, it effectively connects entrepreneurs with local banks, empowering them to access necessary resources for growth and development. This support fosters community improvement, bolstering local economies and promoting sustainable business practices in Wilmington, DE, and beyond.
This information is meant to be a general summary of Delaware Community Development Corporati. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $135
- Program Service Revenue: $196,942
- Gross Receipts: $197,077
Assets and Liabilities:
- Total Assets: $653,508
- Total Liabilities: $22,047
- Net Assets: $631,461
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$190,643
PROGRAM INTEREST INCOM
Revenue
$6,299
Organization Details
Founding Year
1979
Phone
(302) 571-9088Principal Officer
David Daniels
Main Address
100 WEST 10TH STREEET 214, WILMINGTON, DE, 19801
Website
www.wedco.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Delaware Community Development Corporati and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.