Civic Intelligence

Wilmington Housing Partnership Corporation

990 • Fiscal year 2018 • EIN 51-0320494

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.WILMINGTONHOUSINGPARTNERSHIP

View Organization Page

800 N French StreetWilmington, DE 19801

(302) 576-3004

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

4.96x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$96,977

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

84th percentile

21%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

34%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$7,995,748

Up $1,376,892 (+21%) from 2017

Net Assets

Up

$122,799

Up $648,726 (+123%) from 2017

Liabilities

Up

$7,872,949

Up $728,166 (+10%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin88th percentile

Revenue

Up

$1,585,690

Up $400,348 (+34%) from 2017

Expenses

Down

$936,964

Down $190,436 (-17%) from 2017

Net Income

Up

$648,726

Up $590,784 (+1020%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $8,876,254Liabilities 2011: $6,500,935Net Assets 2011: $2,375,3192011Assets 2012: $4,223,284Liabilities 2012: $2,332,304Net Assets 2012: $1,890,9802012Assets 2013: $2,748,893Liabilities 2013: $2,446,072Net Assets 2013: $302,8212013Assets 2014: $2,001,202Liabilities 2014: $2,924,747Net Assets 2014: -$923,5452014Assets 2015: $4,882,826Liabilities 2015: $4,651,635Net Assets 2015: $231,1912015Assets 2016: $5,622,050Liabilities 2016: $6,134,562Net Assets 2016: -$512,5122016Assets 2017: $6,618,856Liabilities 2017: $7,144,783Net Assets 2017: -$525,9272017Assets 2018: $7,995,748Liabilities 2018: $7,872,949Net Assets 2018: $122,7992018Assets 2019: $2,679,210Liabilities 2019: $8,721,563Net Assets 2019: -$6,042,3532019Assets 2020: $1,775,569Liabilities 2020: $5,454,714Net Assets 2020: -$3,679,1452020Assets 2021: $1,395,579Liabilities 2021: $5,100,575Net Assets 2021: -$3,704,9962021Assets 2022: $945,086Liabilities 2022: $4,100,179Net Assets 2022: -$3,155,0932022Assets 2023: $1,148,205Liabilities 2023: $4,472,440Net Assets 2023: -$3,324,2352023Assets 2024: $1,144,513Liabilities 2024: $4,687,599Net Assets 2024: -$3,543,0862024

Highlighted filing

2018

Assets$7,995,748
Liabilities$7,872,949
Net Assets$122,799
Open 2018 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $584,7452011Expenses 2012: $488,4732012Expenses 2013: $621,8212013Revenue 2014: -$616,688Expenses 2014: $609,678Net Income 2014: -$1,226,3662014Revenue 2015: $1,905,025Expenses 2015: $823,959Net Income 2015: $1,081,0662015Revenue 2016: $135,607Expenses 2016: $879,310Net Income 2016: -$743,7032016Revenue 2017: $1,185,342Expenses 2017: $1,127,400Net Income 2017: $57,9422017Revenue 2018: $1,585,690Expenses 2018: $936,964Net Income 2018: $648,7262018Revenue 2019: $837,993Expenses 2019: $1,338,778Net Income 2019: -$500,7852019Revenue 2020: $2,745,831Expenses 2020: $382,623Net Income 2020: $2,363,2082020Revenue 2021: $68,192Expenses 2021: $152,167Net Income 2021: -$83,9752021Revenue 2022: $677,462Expenses 2022: $127,629Net Income 2022: $549,8332022Revenue 2023: $253,629Expenses 2023: $465,270Net Income 2023: -$211,6412023Revenue 2024: $55,206Expenses 2024: $274,057Net Income 2024: -$218,8512024

Highlighted filing

2018

Revenue$1,585,690
Expenses$936,964
Net Income$648,726
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,597,149
Mission and Program Overview

Mission

To collaborate with select private, non-profit, and governmental entities to increase the city of wilmingtons affordable housing stock by promoting renovation/rehabilitation and limited new home construction in stategically selected areas while supporting low to moderate income

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$4,614,682$6,372,201▲ $1,757,519
Other Notes and Loans Receivable, Net$1,363,068$1,294,905▼ $68,163
Pledges and Grants Receivable$583,000$583,000→ $0
Intangible Assets$45,242$25,134▼ $20,108
Accounts Receivable$1,260$1,260→ $0
Land, Buildings, and Equipment, Net$702$428▼ $274
Cash and Non-Interest-Bearing Accounts$10,902$-281,180▼ $292,082
Total Assets$6,618,856$7,995,748▲ $1,376,892
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,873,694$7,548,445▲ $674,751
Accounts Payable and Accrued Expenses$252,154$252,154→ $0
Other Liabilities$18,935$72,350▲ $53,415
Total Liabilities$7,144,783$7,872,949▲ $728,166
Net Assets / Fund Balance
Temporarily Rstr Net Assets$571,250$571,250→ $0
Unrestricted Net Assets$-1,097,177$-448,451▲ $648,726
Total Net Assets Fund Balance$-525,927$122,799▲ $648,726
Total Liabilities and Net Assets / Fund Balance$6,618,856$7,995,748▲ $1,376,892

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$428$21,752$22,180
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steven MartinEcecutive DirectorFT$96,977$96,977

Board Members and Trustees

NameTitle
Robert E BucciniChairman
Leonard SophrinPresident
Allison KerwinVice-chairman
Broderick HarrisonBoard Member
Charles M FreelBoard Member
Herbert IndenBoard Member
Hughlett KirbyBoard Member
Janet DoughertyBoard Member
Jeffery FlynnBoard Member
Norma ZumstegBoard Member
Patrick CarterBoard Member
RICHARD GESSNER JrBoard Member
Roger LevensonBoard Member
Sharon Oras MorganBoard Member
Tanya WashingtonBoard Member
James WrightSecretary
Thomas EspositoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Petrucon ConstructionConstruction100 N CLEVELAND AVENUE, Wilmington, DE 19805$684,908
Cla ConstructionConstruction1002 N CLAYTON STREET, Wilmington, DE 19805$591,954
Rock Solid ContractingContruction1213 B STREET, Wilmington, DE 19801$274,069
Interface Studio Architects LLCArchitects1400 N AMERICAN STREET, Philadelphia, PA 19122$215,861
Revenue and Support

Revenue Composition

Contributions and Grants
$1,453,128
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$132,562
All Other Contributions
$336,000
Change in Net Assets
$648,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$642,195
Salaries, Compensation, and Employee Benefits$294,769
Total Fundraising Expense$14,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$311,606--$311,606
Other Salaries and Wages$111,920$13,167$6,583$131,670
Current Officers, Directors, Trustees, and Key Employees$82,430$9,698$4,849$96,977
Interest$81,104--$81,104
Insurance$59,527--$59,527
Other Employee Benefits$41,361$4,865$2,434$48,660
Depreciation Depletion$20,382--$20,382
Payroll Taxes$14,842$1,747$873$17,462
All Other Expenses$12,913--$12,913
Fees for Services Accounting$8,000--$8,000
Conferences and Meetings$6,703--$6,703
Fees for Services Legal$6,611--$6,611
Office Expenses$3,521--$3,521
Other Expenses$1,777--$1,777
Advertising$323--$323
Total Functional Expenses$892,748$29,477$14,739$936,964
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retainage$72,350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

“Govering body decision are recorded in govering document available upon request”

Form 990 governing body review Part VI line 11

“The finance committee reviews and approves teh annual form 990”

Conflict of interest policy compliance Part VI line 12C

“Wilmington housing partnership coporationss governing documents, conflict of interest policy and financial statements are made public through request. An advertisement is also put in the newspaper indicating documents are available.”

CEO executive director top management comp Part VI line 15A

“The finance chair and chairman of the board deterimin compensation of the executive director”

Other officer or key employee compensation Part VI line 15B

“The finance chair and chairman of the board deterimin compensation of other employees”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Wilmington Housing Partnership
EIN
51-0320494
Address
800 N FRENCH STREET, Wilmington, DE 19801
Doing Business As
Corporation

Signing Officer

Name
Robert L Weir
Title
Executive Direc
Phone
3025763004
Signed
2019-05-15
Discuss with paid preparer
No

Organization Details

Formed
1989
Legal Domicile
De
Voting Board Members
18
Independent Board Members
18
Employees
3

Preparer

Firm
Jeter & Johnson LLC
Address
812 Philadelphia Pike Suite C, Wilmington, DE 19809
Preparer
Earl T Jeter
Phone
3025104642
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“SEE OVERFLOW STATEMENT”

List of other expenses Part IX line 24E

“SEE OVERFLOW STATEMENT”

Raw XML AppendixShowing 400 of 516 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm17STEVEN MARTIN
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,995,748
Liabilities
$7,872,949
Net assets
$122,799
Revenue
$1,585,690
Expenses
$936,964
Net income
$648,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$4.69$3.54$0.06$0.27$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.15$4.47$3.32$0.25$0.47$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.95$4.10$3.16$0.68$0.13$0.55
2021Detailed filing. Detailed filing data is available for this year.$1.40$5.10$3.70$0.07$0.15$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.78$5.45$3.68$2.75$0.38$2.36
2019Detailed filing. Detailed filing data is available for this year.$2.68$8.72$6.04$0.84$1.34$0.50
2018Detailed filing. Detailed filing data is available for this year.$8.00$7.87$0.12$1.59$0.94$0.65
2017Detailed filing. Detailed filing data is available for this year.$6.62$7.14$0.53$1.19$1.13$0.06
2016Detailed filing. Detailed filing data is available for this year.$5.62$6.13$0.51$0.14$0.88$0.74
2015Detailed filing. Detailed filing data is available for this year.$4.88$4.65$0.23$1.91$0.82$1.08
2014Detailed filing. Detailed filing data is available for this year.$2.00$2.92$0.92$0.62$0.61$1.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$2.45$0.30$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$2.33$1.89$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.88$6.50$2.38$0.58