Overview
What is Interfaith Community Housing Of Delaware?
Interfaith Community Housing of Delaware is a nonprofit organization situated in Wilmington, Delaware. Their primary mission is to strengthen Delaware communities and support low- and moderate-income households by developing and maintaining sustainable affordable housing. Through their Homeownership Center, they served over 805 families and households across the state in their homebuyer education and counseling, credit, and default prevention programs. The organization successfully enabled 258 first-time homebuyers and saved 14 homes through their foreclosure mitigation program. With a team of 24 dedicated individuals, Interfaith Community Housing of Delaware serves as a catalyst for neighborhood revitalization, providing housing and homeownership services that empower low- and moderate-income families.
Official website here: www.ichde.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Interfaith Community Housing of Delaware has received a Three-Star rating from Charity Navigator, reflecting its overall score of 82%. This rating is derived from a strong performance in accountability and finance, scoring 90% in that area, which indicates sound financial practices and governance. The organization boasts 100% independent board members and adheres to several important policies, assuring stakeholders of its commitment to ethical guidelines.
The program expense ratio of 76.68% indicates that a significant portion of their expenses goes towards their programs, demonstrating focus on their mission. The organization has also implemented nine equity practices which contribute to its 89% score in Culture & Community, suggesting an inclusive and community-oriented approach to its operations. These strengths highlight the organization's dedication to transparency and effective resource management.
However, while the ratings are commendable, potential supporters and stakeholders should consider that the overall score of 82% suggests room for improvement. While the organization has demonstrated strong accountability and community involvement, continuous efforts to enhance these areas could further solidify its impact and effectiveness within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Community Housing Of Delaware legitimate?
Interfaith Community Housing Of Delaware is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith Community Housing Of Delaware 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: $158,251
Professional Fundraising Fees: $0
Other Salaries and Wages: $781,475
For more financial information, click here
Official website here: www.ichde.org
What is the mission statement of Interfaith Community Housing Of Delaware?
Interfaith Community Housing Of Delaware serves as a catalyst for revitalizing and strengthening communities by providing sustainable housing and homeownership services for low- and moderate-income households. Their mission is to strengthen Delaware communities by developing and maintaining affordable housing, thereby preparing individuals and families for successful homeownership. The organization offers homebuyer and financial education, counseling, credit, and default prevention programs, reaching over 805 families and generating 258 successful first-time homebuyers statewide. Additionally, Interfaith Community Housing aids households in foreclosure mitigation, saving 14 homes to date.
Official website here: www.ichde.org
Who is the CEO of Interfaith Community Housing Of Delaware?
Darlene Sample is the Chair of Interfaith Community Housing Of Delaware.
Official website here: www.ichde.org
What is the revenue of Interfaith Community Housing Of Delaware?
Interfaith Community Housing Of Delaware's revenue in 2022 was $1,894,541.
Official website here: www.ichde.org
Who are the executives of Interfaith Community Housing Of Delaware and what are their salaries?
The average compensation at Interfaith Community Housing Of Delaware during 2022 was $39,155. There are 24 employees and 755 volunteers at Interfaith Community Housing Of Delaware.
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- Compensation: $141,750
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- Other: $16,262
Official website here: www.ichde.org
Where can I find the form 990 for Interfaith Community Housing Of Delaware?
Interfaith Community Housing Of Delaware's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ichde.org
Learn more at the official website: www.ichde.org
Mission Statement of Interfaith Community Housing Of Delaware
Interfaith Community Housing Of Delaware serves as a catalyst for revitalizing and strengthening Delaware communities by providing sustainable housing and homeownership services to low-and moderate-income households. The organization's mission is to foster community growth and support these households in their journey towards successful homeownership.
Through its Homebuyer & Financial Education and Counseling program, Interfaith Community Housing Of Delaware has served over 805 families and households statewide. Their offerings include educational seminars, credit and default prevention programs, and a foreclosure mitigation program. The educational seminars have been instrumental in generating 258 successful first-time homebuyers, while the foreclosure mitigation program has helped save 14 homes to date, protecting families from the threat of home loss.
In essence, Interfaith Community Housing Of Delaware is dedicated to empowering Delaware's low-and moderate-income households by equipping them with the necessary knowledge and resources to secure and maintain sustainable housing. By doing so, the organization contributes to the overall well-being and stability of Delaware communities.
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Impact
July, 2024
Interfaith Community Housing of Delaware serves as a catalyst for revitalizing and strengthening neighborhoods by providing sustainable housing and homeownership services that support low- and moderate-income households. Through their programs, they have served over 805 families/households in homebuyer and financial education and counseling, credit, and default prevention programs statewide. This has resulted in 258 successful first-time homebuyers and 14 homes saved from foreclosure to date. Their impact is significant in empowering individuals and families to achieve successful homeownership and contributing to the overall strength of Delaware communities.
This information is meant to be a general summary of Interfaith Community Housing Of Delaware. 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: -$32,581
- Program Service Revenue: $195,067
- Gross Receipts: $2,276,032
Assets and Liabilities:
- Total Assets: $5,831,109
- Total Liabilities: $4,415,073
- Net Assets: $1,416,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGES FOR SERVICES
Revenue
$143,728
DEVELOPER FEES
Revenue
$51,339
Organization Details
Founding Year
1985
Phone
(302) 652-3991Principal Officer
Darlene Sample
Main Address
613 WASHINGTON STREET, WILMINGTON, DE, 198012135
Website
www.ichde.orgNTEE Category
Code: L21 - Housing
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