Nonprofit · EIN 51-0329119
DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC
Tax-exempt · WILMINGTON, DE 19805
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $900,419 | $1,719,427 | -$819,008 | $1,466,942 | $13,121 | $1,453,821 |
| June 30, 2024 | 990 | $1,036,894 | $1,261,935 | -$225,041 | $2,284,739 | $11,910 | $2,272,829 |
| June 30, 2023 | 990 | $944,161 | $844,286 | $99,875 | $2,504,428 | $6,558 | $2,497,870 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $799,252
- of which government grants
- $202,760
- Program service revenue
- $0
- Investment income
- $42,419
- Net rental income
- $1,800
- Net income from fundraising events
- -$4,493
- Other revenue
- $58,748
Expenses
- Grants and similar amounts paid
- $1,000,000
- Compensation of officers, directors and key employees
- $133,120
- Other salaries and wages
- $333,021
- Salaries, compensation and benefits (total)
- $497,700
- Professional fundraising fees
- $0
- Accounting fees
- $13,142
- Occupancy
- $13,172
- Travel
- $6,729
- Depreciation
- $36,806
- Program services (functional)
- $1,646,398
- Management and general (functional)
- $73,029
Balance sheet and other
- Total assets, start of year
- $2,284,739
- Total assets, end of year
- $1,466,942
- Total liabilities, end of year
- $13,121
- Net assets, end of year
- $1,453,821
- Land, buildings and equipment
- $568,733
- Net assets without donor restrictions
- $1,453,821
- Gross receipts
- $904,912
- Employees
- 7
- Volunteers
- 10
- Year formed
- 1987
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RASHMI RANGAN | EXECUTIVE DIRECTOR Officer | 40 | $133,120 |
| JACLYN QUINN | DEPUTY DIRECTOR Highest-paid employee | 40 | $131,040 |
| ALBERT GRIFFITH | CHAIR Trustee or director, Officer | 1 | $0 |
| ERIC SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JOEL AMIN | DIRECTOR Trustee or director | 1 | $0 |
| DR AUBREY BLUME | DIRECTOR Trustee or director | 1 | $0 |
| ERIC EVANS | DIRECTOR Trustee or director | 1 | $0 |
| LILLIAN HARRISON | DIRECTOR Trustee or director | 1 | $0 |
| DOMENIC PEDANTE | DIRECTOR Trustee or director | 1 | $0 |
| LULY SANTOS | DIRECTOR Trustee or director | 1 | $0 |
| LISA SPELLMAN | DIRECTOR Trustee or director | 1 | $0 |
| VERNON VASSALLO ESQ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RASHMI RANGAN | EXECUTIVE DIRECTOR Officer | 40 | $116,781 |
| JACLYN QUINN | DEPUTY DIRECTOR Highest-paid employee | 40 | $113,877 |
| ALBERT GRIFFITH | CHAIR Trustee or director, Officer | 1 | $0 |
| ERIC SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JOEL AMIN | DIRECTOR Trustee or director | 1 | $0 |
| DR AUDREY BLUME | DIRECTOR FROM 3/24 Trustee or director | 1 | $0 |
| ERIC EVANS | DIRECTOR FROM 3/24 Trustee or director | 1 | $0 |
| LILLIAN HARRISON | DIRECTOR Trustee or director | 1 | $0 |
| DARREN MOORE | DIRECTOR Trustee or director | 1 | $0 |
| LULY SANTOS | DIRECTOR Trustee or director | 1 | $0 |
| LISA SPELLMAN | DIRECTOR Trustee or director | 1 | $0 |
| VERNON VASSALO ESQ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RASHMI RANGAN | EXECUTIVE DIRECTOR Officer | 40 | $94,500 |
| ALBERT GRIFFITH | CHAIR Trustee or director, Officer | 1 | $0 |
| ERIC SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAN SLATTERY UNTIL 1122 | TREASURER Trustee or director, Officer | 1 | $0 |
| ERAY GUVEN UNTIL 1122 | SECRETARY Trustee or director, Officer | 1 | $0 |
| LILLIAN HARRISON | DIRECTOR Trustee or director | 1 | $0 |
| MARY HORCHOS UNTIL 1122 | DIRECTOR Trustee or director | 1 | $0 |
| MO MAHMOOD UNTIL 1122 | DIRECTOR Trustee or director | 1 | $0 |
| LISA SPELLMAN | DIRECTOR Trustee or director | 1 | $0 |
| DARREN MOORE FROM 323 | DIRECTOR Trustee or director | 1 | $0 |
| LULY SANTOS FROM 323 | DIRECTOR Trustee or director | 1 | $0 |
| VERNON VASSALO FROM 323 | DIRECTOR Trustee or director | 1 | $0 |
| JOEL AMIN FROM 323 | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 600 S HARRISON ST, WILMINGTON, DE 19805-4306
- Principal officer (990 for 2024)
- MS RASHMI RANGAN, 600 SOUTH HARRISON STREET, WILMINGTON, DE 19805
- Signed the 990
- MS RASHMI RANGAN, EXECUTIVE DIRECTOR
- Phone
- (302) 298-3250
- Website
- WWW.DCRAC.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
FOUNDED TO REALIZE THE PROMISE OF A COMMUNITY-CENTRIC FINANCIAL SYSTEM, DCRAC PROVIDES LOW- AND NO-COST SERVICES THAT ENABLE DELAWAREANS TO UNTANGLE AND TAKE CHARGE OF THEIR FINANCIAL LIVES.WE INTEGRATE LEGAL AND FINANCIAL SERVICES WITH COMMUNITY EDUCATION AND ADVOCACY SO THAT LOW- TO MODEST-WEALTH CLIENTS CAN SECURE THEIR OWN FINANCIAL FUTURES AND THRIVE WITHIN MAINSTREAM BANKING AND LEGAL SYSTEMS. WE PROUDLY WORK WITH COMMUNITY MEMBERS TO SERVE THEIR NEEDS, ENSURING EVERYONE WHO WALKS THROUGH OUR DOORS HAS THE NECESSARY SERVICES, RESOURCES, AND KNOWLEDGE TO ACCESS CREDIT, CAPITAL, AND LEGAL SUPPORT. IN DELAWARE, WE'RE ALSO THE ONLY GROUP MAKING SURE THAT BANKS AROUND WHICH OUR STATE ECONOMY IS BUILT GIVE BACK TO THE COMMUNITYAND WE'VE BEEN DOING THAT SINCE 1987.ALL OUR WORK TRANSFORMS THE FINANCIAL LIVES OF OUR CLIENTS THROUGH TARGETED OUTREACH, CUSTOMIZED EDUCATION, TAILORED PRODUCTS, AND STRATEGIC LEGAL CARE TO PRESERVE THE WEALTH WE HELP OUR FAMILIES CREATE.
Program accomplishments
- DCRAC LAW: TAX PRACTICE AKA LOW INCOME TAXPAYER CLINIC (LITC) IS A FREE LEGAL SERVICE TO SUPPORT TAXPAYERS IN DEALING WITH THE IRS ENSURING THAT LOW- AND MODERATE-INCOME HOUSEHOLDS HAVE A FAIR CHANGE IN RESOLVING TAX ISSUES AND ACCESSING CREDITS TO WHICH THEY ARE ENTITLED.Expenses $156,647
- STEPPTING STONES COMMUNITY FEDERAL CREDIT UNION: FOUND BY DCRAC IN 2011, STEPING STONES IS NOW A FULLY INDEPENDENT CREDIT UNION THAT PROVIDES ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS TO ALL COMERS.Expenses $1,161,526 · grants $1,000,000
- DCRAC LAW: ESTATE PRACTICE: AFFORDALE LEGAL SERVCIES TO PROTECT HOMEOWNERSHIPAND PRESERVE GENERATIONAL WEALTH, WE PROVIDE WILLIS, PROBATE, AND TITLE-CLEARING SERVICES SO FAMILIES CAN STAY IN THEIR HOMES, PREVENT TANGLED TITLES, AND TRANSFER ASETS SECURELY AND EFFICIENTLY.Expenses $176,555 · revenue $61,441
- THE MONEY SCHOOL: MOST ADULTS NEED TO MANAGE FINANCIAL MATTERS BETTER, BUT NOT EVERYONE GETS THE SAME EDUCATION GROWING UP. WITH FREE CLASSES TAUGHT BY VOLUNTEER PROFESSIONALS, WE EQUIP DELAWAREANS WITH THE SKILLS TO BUDGET, SAVE AND INVEST, SO THEY CAN ACHIEVE FINANCIAL STABILITY.Expenses $151,670
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0329119
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $1,466,942
- Income (IRS master file)
- $904,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $900,419 | $1,719,427 | $1,466,942 | XML |
| 990 | June 2024 | $1,036,894 | $1,261,935 | $2,284,739 | IRS |
| 990 | June 2023 | $944,161 | $844,286 | $2,504,428 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 51-0329119).
Questions about DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC
- What is the EIN of DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC?
- The employer identification number (EIN) of DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC is 51-0329119.
- Is DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC 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 REINVESTMENT ACTION COUNCIL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC?
- The 990 for the year ended June 30, 2025 names MS RASHMI RANGAN.
- Who are the officers and directors of DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 2 received compensation from the organization, the highest $133,120 (RASHMI RANGAN, EXECUTIVE DIRECTOR).
- How much revenue does DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $900,419, expenses of $1,719,427 and total assets of $1,466,942 at year end.
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All nonprofits in WILMINGTON · Delaware · Community improvement and capacity building