Nonprofit · EIN 22-3080881
DELAWARE COMMUNITY INVESTMENT CORPORATION
Tax-exempt · WILMINGTON, DE 19801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $491,339 | $1,360,773 | -$869,434 | $8,611,455 | $1,502,823 | $7,108,632 |
| December 31, 2023 | 990 | $538,858 | $854,670 | -$315,812 | $9,163,687 | $1,207,247 | $7,956,440 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $291,136
- Investment income
- $200,203
- Net gain from sales of assets
- $7,764
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,978
- Accounting fees
- $25,000
- Travel
- $498
- Program services (functional)
- $1,034,187
- Management and general (functional)
- $326,586
Balance sheet and other
- Total assets, start of year
- $9,163,687
- Total assets, end of year
- $8,611,455
- Total liabilities, end of year
- $1,502,823
- Net assets, end of year
- $7,108,632
- Publicly traded securities
- $4,825,386
- Net assets without donor restrictions
- $7,108,632
- Gross receipts
- $2,230,400
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT OUMEDIAN | TREASURER/CFO Trustee or director, Officer | 0.1 | $0 | $584,318 | $44,410 |
| LUCIUS VASSAR | ASSISTANT SECRETARY Highest-paid employee | 0.1 | $0 | $457,997 | $44,410 |
| RYAN ROBINSON | CHAIR Trustee or director, Officer | 0.1 | $0 | $406,991 | $27,148 |
| SUSAN FRANK | PRESIDENT Highest-paid employee | 0.1 | $0 | $378,854 | $34,362 |
| JOSH GHENA | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $367,730 | $40,747 |
| KEITH BROADNAX | DIRECTOR Trustee or director | 0.1 | $0 | $269,018 | $34,443 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT OUMEDIAN | TREASURER Trustee or director, Officer | 0.1 | $0 | $531,102 | $42,377 |
| LUCIUS VASSAR | ASSISTANT SECRETARY Highest-paid employee | 0.1 | $0 | $402,936 | $42,377 |
| SUSAN FRANK | VICE PRESIDENT Highest-paid employee | 0.1 | $0 | $372,538 | $32,352 |
| RYAN ROBINSON | DIRECTOR Trustee or director | 0.1 | $0 | $361,303 | $25,148 |
| JOSH GHENA | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $277,802 | $40,210 |
| KEITH BROADNAX | DIRECTOR Trustee or director | 0.1 | $0 | $238,582 | $33,376 |
| JAMES L LOGUE III | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 W 10TH ST STE 502, WILMINGTON, DE 19801-1641
- Principal officer (990 for 2024)
- BRETT OUMEDIAN, 1118 S WASHINGTON AVE, LANSING, MI 48910
- Signed the 990
- BRETT OUMEDIAN, CFO
- Phone
- (302) 655-1420
- Website
- WWW.CINNAIRE.COM
- Return prepared by
- MANER COSTERISAN PC
Mission
TO SERVE AS A VEHICLE FOR COMMUNITY REVITALIZATION BY TAKING DIRECT ACTION THROUGH THE FINANCING OF, AND INVESTMENTS IN, HOUSING, COMMUNITY ECONOMIC DEVELOPMENT AND RELATED ACTIVITIES DESIGNATED TO ADDRESS THE NEEDS OF LOW INCOME PERSONS AND AREAS: TO AGGREGATE AND COORDINATE THE USE OF PUBLIC RESOURCES TO IMPROVE AND EXPAND COMMUNITY DEVELOPMENT THROUGHOUT THE EASTERN REGION OF THE UNITED STATES.
Program accomplishments
- TO PROVIDE SERVICES TO AFFORDABLE HOUSING PROVIDERS AS WELL AS PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES.Expenses $1,034,187 · revenue $291,136
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3080881
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $8,611,455
- Income (IRS master file)
- $2,230,400
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $491,339 | $1,360,773 | $8,611,455 | XML |
| 990 | December 2023 | $538,858 | $854,670 | $9,163,687 | XML |
| 990 | December 2022 | $1,085,788 | $763,085 | $9,444,693 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3080881).
Questions about DELAWARE COMMUNITY INVESTMENT CORPORATION
- What is the EIN of DELAWARE COMMUNITY INVESTMENT CORPORATION?
- The employer identification number (EIN) of DELAWARE COMMUNITY INVESTMENT CORPORATION is 22-3080881.
- Is DELAWARE COMMUNITY INVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to DELAWARE COMMUNITY INVESTMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE COMMUNITY INVESTMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DELAWARE COMMUNITY INVESTMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE COMMUNITY INVESTMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DELAWARE COMMUNITY INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names BRETT OUMEDIAN.
- Who are the officers and directors of DELAWARE COMMUNITY INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does DELAWARE COMMUNITY INVESTMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $491,339, expenses of $1,360,773 and total assets of $8,611,455 at year end.
Other nonprofits in WILMINGTON
- TODMORDEN FOUNDATION EIN 38-3857086 · last filed 990 for 2024
- REACH RIVERSIDE DEVELOPMENT CORPORATION EIN 82-1401986 · last filed 990 for 2024
- INTERFAITH COMMUNITY HOUSING OF DELAWARE INC EIN 51-0298556 · last filed 990 for 2025
- ARC OF DELAWARE INC AFFILIATES OF THE ARC OF DELAWARE EIN 90-0539704 · last filed 990 for 2024
- CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION EIN 51-0387484 · last filed 990 for 2025
- FIRST COMMUNITY FOUNDATION EIN 20-4215109 · last filed 990 for 2025
- DELAWARE AFFORDABLE HOUSING GROUP INC EIN 27-1236960 · last filed 990 for 2024
- OPEN NEW YORK INC EIN 84-3756425 · last filed 990 for 2024
All nonprofits in WILMINGTON · Delaware · Housing and shelter