2024-05-07T11:42:11-05:00 2023-06-30 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 198092863 990 2022-07-01 510298556 INTERFAITH COMMUNITY HOUSING OF DELAWARE INTE 3026523991 613 WASHINGTON STREET WILMINGTON DE 198012135 DARLENE SAMPLE EXECUTIVE DIRECTOR 3026523991 2024-05-07 DARLENE SAMPLE 999009999 0 STEVEN N KUTSUFLAKIS CPA P02478766 3024788940 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DARLENE SAMPLE 613 WASHINGTON STREET WILMINGTON DE 198012135 3866863 0 X WWW.ICHDE.ORG X 1985 DE TO STRENGTHEN DELAWARE COMMUNITIES AND SERVE LOW AND MODERATE INCOME HOUSEHOLDS BY DEVELOPING AND MAINTAINING SUSTAINABLE AFFORDABLE HOUSING AND PREPARING INDIVIDUALS AND FAMILIES FOR SUCCESSFUL HOMEOWNERSHIP. 10 10 24 838 0 0 1347174 2080872 195067 446351 -32581 -248308 384881 425860 1894541 2704775 0 0 0 0 1150284 1129146 0 0 52720 577341 702459 1727625 1831605 166916 873170 5831109 5825846 4415073 4216625 1416036 1609221 X INTERFAITH COMMUNITY HOUSING OF DELAWARE, INC. SERVES AS A CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS BY PROVIDING SUSTAINABLE HOUSING AND HOMEOWNERSHIP SERVICES THAT SUPPORT LOW-AND MODERATE-INCOME HOUSEHOLDS. 0 0 472661 318226 HOMEBUYER & FINANCIAL EDUCATION AND COUSELING THROUGH OUR HOMEOWNERSHIP CENTER, INTERFAITH COMMUNITY HOUSING SERVED OVER 876 FAMILIES/HOUSEHOLDS IN OUR HOMEBUYER AND FINANCIAL EDUCATION AND COUNSELING, CREDIT, AND DEFAULT PREVENTION PROGRAMS STATE-WIDE. THESE INCLUDED 377 IN OUR EDUCATIONAL SEMINAR PROGRAM, GENERATING 204 SUCCESSFUL FIRST-TIME HOMEBUYERS. ANOTHER 91 HOUSEHOLDS PARTICIPATED IN OUR FORECLOSURE MITIGATION PROGRAM, WITH 35 HOMES SAVED TO DATE. 55508 COMMUNITY BUILDING & ENGAGEMENT 36 MOBILE FOOD GIVEAWAYS {540 VOLUNTEERS} (3 PER MONTH/15 VOLUNTEERS EACH TIME)12 FIRST FRIDAY NIGHT ADULT BINGO EVENTS {60 VOLUNTEERS} (1 PER MONTH/ 5 VOLUNTEER/4 HOURS)52 PARTNERSHIP COMMUNITY GIVEAWAYS {15 VOLUNTEERS} (15 VOLUNTEERS/2 HOURS EVERY SUNDAY) 52 IN PERSON COMMUNITY MEETINGS- {156 VOLUNTEERS} (1 PER WEEK/ 3 VOLUNTEERS/2 HOURS) 2 COMMUNITY EVENTS ON 9TH BRIDGE OVER I-95 {20 VOLUNTEERS} (2 MOVIE NIGHTS 10 VOLUNTEERS/3 HOURS/ 175 PEOPLE)11 SCARED GROUNDS GARDENS TOTALING $16,500.00 11 GARDENS $1,500 TO EACH. 2 HOUSES OF WORSHIPS MINI GRANTS FOR LED LIGHTING TOTALING $18,000.00 NEIGHBORWORKS AMERICA CIM SURVEY WITH GAP GIRLS {15 VOLUNTEERS} (50 COMMUNITY SERVICE HOURS FOR GIRLS 9-13.) CHRISTIANACARE MOBILE HEALTH UNIT PARTNERSHIP {3 VOLUNTEERS} (6 EVENTS/ APPROXIMATELY 30 PEOPLE SERVED. )CHISTIANACARE MOBILE HEALTH UNIT PARTNERSHIP EXPANSION TO SACRED HEART VILLAGE. {5 VOLUNTEERS} (2 EVENTS/ 60 PEOPLE SERVED)URBAN FARMING AT CONSCIOUS CONNECTIONS/BLACK FARMER DELAWARE STATE TRAINING {24 VOLUNTEERS} 10TH OF FEB MEDICARE/ WILL & ESTATE PLANNING COMMUNITY EVENT 358298 RESIDENTIAL REAL ESTATE DEVELOPMENT ICHDE CONSTRUCTED AND COMPLETED (3) NEW SINGLE-FAMILY HOMES (1) IN THE DUNLEITH COMMUNITY (2) IN THE HOLLOWAY TERRACE COMMUNITY LOCATED IN NEW CASTLE COUNTY. THESE UNITS WERE PART OF OUR RT. 9 HOUSING INITIATIVE USING NEW CASTLE COUNTY'S HOME PROGRAM, DSHA STRONG NEIGHBORHOODS PROGRAM AND OTHER FINANCING DURING THIS PERIOD. ICHDE IS CURRENTLY SEEKING FUNDS AND IS IN DISCUSSIONS WITH VANDERMARK ENGINEERING CONCERNING INFRASTRUCTURE PHASE ALONG WITH KENT COUNTY AND THE CITY OF MILFORD TO DEVELOP (36) NEWLY CONSTRUCTED SINGLE-FAMILY HOMES IN THE MILFORD AREA. ICHDE PURCHASED 9 PARCELS IN THE CITY OF TOWNSEND AND HAS HIRED LANDMARK TO SUBDIVIDE THE PROPERTIES TO DEVELOP 12-13 NEWLY CONSTRUCTED HOMES. INTERFAITH COMMUNITY HOUSING OF DELAWARE, INC. OWNS SEVEN (7) AFFORDABLE HOUSING PROPERTIES THAT ALLOW US TO PROVIDE AFFORDABLE HOUSING FOR 314 FAMILIES IN NEED OF AFFORDABLE LIVING. WE WERE AWARDED 2.7 MILLION DOLLARS IN ARPA FUNDING TO REVITALIZE OUR OVERLOOK COLONY RENTAL PROPERTY THAT PROVIDES HOUSING FOR HOUSEHOLDS WITH INCOME IN THE 50% AND 60% OF AMI. ICHDE BEGAN RENOVATIONS AT OVERLOOK COLONY WHICH CONSISTS OF 35 TOWNHOMES. WE HAVE COMPLETED ALL EXTERIOR RENOVATIONS AND THREE (3) UNITS OF INTERIOR RENOVATIONS. 483358 172966 WEST CENTER CITY IMPLEMENTATIONCOLONY WEST WORKREAL ESTATE MANAGEMENT 483358 172966 1369825 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 14 0 24 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DARLENE SAMPLE 3026523991 613 N WASHINGTON STREET WILMINGTON DE 19801 RAYMOND DOUGLAS ARMSTRONG ESQ CHAIR 1.00 X X 0 0 0 K EMMANUEL MAGRUDER VICE CHAIR 1.00 X X 0 0 0 BISHOP ROBERT LEWIS TREASURER 1.00 X X 0 0 0 JOAN FITZGERALD SECRETARY 1.00 X X 0 0 0 MARIA CABRERA BOARD MEMBER 1.00 X 0 0 0 NICHOLAS J DAVIS BOARD MEMBER 1.00 X 0 0 0 REV AL HOLDEN BOARD MEMBER 1.00 X 0 0 0 ALOK JAVERI BOARD MEMBER 1.00 X 0 0 0 VA'SHAUN TURNER BOARD MEMBER 1.00 X 0 0 0 WILLIAM E WARD BOARD MEMBER 1.00 X 0 0 0 DARLENE SAMPLE EXECUTIVE DIRECTOR 35.00 X 151200 0 27650 151200 0 27650 1 0 1 0 C&B GENERAL CONTRACTORS INC 3208 N MARKET STREET WILMINGTON DE 19802 BUILDING CONTRACTOR 370058 AL MERCED GENERAL CONTACTOR INC 322 6TH AVENUE WILMINGTON DE 19805 BUILDING CONTRACTOR 115480 2 1715303 365569 2080872 CHARGES FOR SERVICES 531390 318226 318226 DEVELOPER FEES 531390 128125 128125 446351 71713 71713 368029 3167 364862 364862 364862 838900 1158921 -320021 -320021 -320021 OTHER REVENUE 531390 60998 60998 60998 2704775 491192 0 132711 162458 122779 34805 4874 755347 565862 166825 22660 8870 7106 1498 266 137264 109959 23187 4118 65207 48750 14501 1956 16274 13117 2669 488 37769 30441 6195 1133 4046 3925 121 10657 3517 7140 145318 97603 43356 4359 60070 34660 23608 1802 9726 2758 6676 292 59485 44923 12777 1785 76058 57203 16573 2282 27867 23284 3747 836 MAINTENANCE & REPAIRS 155053 127440 22961 4652 PROPERTY MANAGEMENT FEE 26277 26277 STAFF TRAINING 21853 6585 14612 656 CLIENT ASSISTANCE 19151 18855 296 32855 28706 3709 440 1831605 1369825 409060 52720 192187 178783 568224 487083 552104 709712 1270151 1339478 1680999 1323459 27368 12435 3582746 2727449 839586 855297 272150 495931 428340 423668 5831109 5825846 404009 395853 5241 9345 3811532 3018004 194291 793423 4415073 4216625 X 771587 1303077 644449 306144 1416036 1609221 5831109 5825846 X 873170 -679985 X X 0 1 X 1 0 X 1650661 983471 1044246 1347174 2080872 7106424 302580 164523 467103 1953241 1147994 1044246 1347174 2080872 7573527 0 0 0 7573527 356975 382167 67970 31505 71713 910330 356975 382167 67970 31505 71713 910330 8042 8042 2318258 1530161 1112216 1378679 2152585 8491899 0.89190 0.88750 0.10720 0.11100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 278334 278334 3009534 2451564 557970 294878 275885 18993 855297 495931 C 495931 ESCROW ACCOUNTS 395471 RIGHT TO USE ASSET 28197 423668 SECURITY DEPOSIT 27249 EQUITY LOSSES IN CONSTRUCTION COMPANY 706932 RETAINAGE PAYABLE 5299 ESCROW PAYABLE 25746 OPERATING LEASE PAYABLE 28197 793423 X PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE ORGANIZATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3), AND ITS ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. IN ACCORDANCE WITH THE SECTION OF FASB ASC REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ICHDE IS REQUIRED TO RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. ICHDE HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION IN THE FINANCIAL STATEMENTS. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ICHDE'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITYIES AND THAT ICHDE WILL NOT BE SUBJECT TO ADDITIONAL TAX PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. 0 0 0 0 0 0 0 0 0 DARLENE SAMPLE EXECUTIVE DIRECTOR 151200 0 0 0 0 0 0 0 0 0 151200 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COMPLETED FORM 990 IS PROVIDED TO THE GOVERNING BODY FOR REVIEW AT A MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C PER THE CONFLICT OF INTEREST POLICY, THE BOARD WILL DETERMINE THE APPROPRIATE COURSE OF ACTION THAT IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE MARKET DATA IS ANALYZED BY THE PERSONNEL COMMITTEE AND THEN PUT BEFORE THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY INTEREST IN SUBSIDIARIES -679,985. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS GOVERNING OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. ARBOR PLACE III VENTURES LLC 613 WASHINGTON STRET WILMINGTON DE 19801 273501405 LOW INCOME HOUSING DE INTERFAITH COMMUNITY HOUSING OF DELAWARE C 1.00000 0 WEST CENTER ASSOCIATES LLC 613 WASHINGTON STRET WILMINGTON DE 19801 204467190 LOW INCOME HOUSING DE INTERFAITH COMMUNITY HOUSING OF DELAWARE C 1.00000 0 INTERFAITH HOUSING DEVELOPMENT CORPORATION 613 WASHINGTON STRET WILMINGTON DE 19801 510307517 LOW INCOME HOUSING DE INTERFAITH COMMUNITY HOUSING OF DELAWARE C 1.00000 0 BURFORD MANLOVE GARDENS INC 613 WASHINGTON STRET WILMINGTON DE 19801 510263033 LOW INCOME HOUSING DE INTERFAITH COMMUNITY HOUSING OF DELAWARE C 1.00000 0 INTEGRITY CONSTRUCTION INC 613 WASHINGTON STRET WILMINGTON DE 19801 452384845 CONSTRUCTION DE INTERFAITH COMMUNITY HOUSING OF DELAWARE C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 INTEGRITY CONSTRUCTION INC D 144392 OUTSTANDING BALANCE