2026-01-23T09:22:44-06:00 2025-06-30 161131146 BONADIO & CO LLP 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2024-07-01 510329119 DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC DELA 3022983250 600 SOUTH HARRISON STREET WILMINGTON DE 19805 MS RASHMI RANGAN EXECUTIVE DIRECTOR 3022983250 2026-01-23 1 1 PETER S KENNEDY CPA P00571422 3026566632 2026-01-23 2024 2025-03-06 01:10:19Z MS RASHMI RANGAN 600 SOUTH HARRISON STREET WILMINGTON DE 19805 904912 0 X WWW.DCRAC.ORG X 1987 DE DCRAC TRANSFORMS FINANCIAL LIVES BY ADVOCATING FOR FAIR CONSUMER FINANCE AND BANKING PRACTICES, AND PROVIDING HIGH QUALITY LEGAL SERVICES AND FINANCIAL EDUCATION FOR LOW OR NO COST TO ITS CLIENTS. 10 10 7 10 0 0 949475 799252 0 0 54065 42419 33354 58748 1036894 900419 510000 1000000 0 0 559486 497700 0 0 0 192449 221727 1261935 1719427 -225041 -819008 2284739 1466942 11910 13121 2272829 1453821 X 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. 0 0 156647 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. 1161526 1000000 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. 176555 61441 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. 151670 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. 151670 1646398 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 7 1 0 0 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 X MS RASHMI RANGAN 3022983250 600 SOUTH HARRISON STREET WILMINGTON DE 19805 ALBERT GRIFFITH CHAIR 1.00 1.00 X X 0 0 0 ERIC SMITH VICE CHAIR 1.00 1.00 X X 0 0 0 JOEL AMIN DIRECTOR 1.00 1.00 X 0 0 0 DR AUBREY BLUME DIRECTOR 1.00 1.00 X 0 0 0 ERIC EVANS DIRECTOR 1.00 1.00 X 0 0 0 LILLIAN HARRISON DIRECTOR 1.00 1.00 X 0 0 0 DOMENIC PEDANTE DIRECTOR 1.00 1.00 X 0 0 0 LULY SANTOS DIRECTOR 1.00 1.00 X 0 0 0 LISA SPELLMAN DIRECTOR 1.00 1.00 X 0 0 0 VERNON VASSALLO ESQ DIRECTOR 1.00 1.00 X 0 0 0 RASHMI RANGAN EXECUTIVE DIRECTOR 40.00 20.00 X 133120 0 0 JACLYN QUINN DEPUTY DIRECTOR 40.00 1.00 X 131040 0 0 264160 0 0 2 0 0 0 0 17550 202760 578942 799252 42419 42419 1800 0 1800 1800 1800 0 17550 4493 -4493 -4493 MISCELLANEOUS INCOME 900099 61441 61441 61441 900419 61441 0 39726 1000000 1000000 133120 117146 15974 333021 293058 39963 31559 27772 3787 13142 12353 789 61418 57733 3685 20186 18975 1211 10515 9884 631 13172 12381 791 6729 6325 404 397 373 24 36806 34598 2208 17010 15989 1021 MISCELLANEOUS 34066 32022 2044 UTILITIES 8286 7789 497 1719427 1646398 73029 0 912175 722392 561049 22300 175039 120340 11910 11910 915641 346908 605540 568733 19026 21267 2284739 1466942 11910 13121 11910 13121 X 2022829 1453821 250000 0 2272829 1453821 2284739 1466942 -819008 0 X X 0 1 X 1 0 X 1660591 1379144 888654 949475 799252 5677116 21202 26230 47432 1681793 1405374 888654 949475 799252 5724548 2399380 3325168 26973 19211 27739 55865 44219 174007 60648 31494 35767 50494 61441 239844 6138399 0.54170 0.56880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 0 0 0 0 PART II-B, LINE 1: THE EXECUTIVE DIRECTOR HAS BEEN ENGAGED IN ADVOCACY, COMMENTING TO REGULATORS ON COMMUNITY REINVESTMENT ACT, SPECIFICALLY SMALL BUSINESS DATA DISCLOSURE. IN ADDITION TO BEING INVOLVED IN RULE MAKING ON ARBITRATION, PAYDAY LENDING, AND MILITARY LENDING IN DELAWARE, THE EXECUTIVE DIRECTOR HAS PARTICIPATED IN ROUND TABLES ON PAYDAY LENDING. APPROXIMATELY, $5,000 IN TIME AND TRAVEL WAS DONATED TO THIS EFFORT. 6500 6500 722802 201310 521492 25036 21702 3334 161303 123896 37407 568733 1022412 117500 4493 121993 900419 0 900419 1841420 117500 4493 121993 1719427 0 1719427 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 4,493. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 4,493. CELEBRATING CRA 17550 17550 4493 17550 17550 4493 4493 -4493 1 STEPPING STONES COMMUNITY FEDERAL CREDIT UNION 603 NORTH CHURCH ST WILMINGTON DE 19801 453643816 501(C)(1) 1000000 0 FMV ADMINISTRATIVE ASSISTANCE, OFFICE SPACE STEPPING STONES COMMUNITY FEDERAL CREDIT UNION WAS ENVISIONED, CREATED, SPONSORED AND OPERATED BY DCRAC. ALTHOUGH A SEPARATE LEGAL ENTITY, STEPPING STONES SERVES THE LOW-INCOME COMMUNITY IN CONSONANCE WITH AND COMPLEMENTING THE DCRAC MISSION. 0 1 PART I, LINE 2: CONTRIBUTIONS TO STEPPING STONES COMMUNITY FEDERAL CREDIT UNION ARE USED AS CAPITAL TO ENABLE IT TO LOAN FUNDS TO CLIENTS IN FURTHERANCE OF BOTH DCRAC AND STEPPING STONES' MISSIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PRESENTED TO THE EXECUTIVE DIRECTOR WHO PERFORMS A DETAILED REVIEW. THE FORM IS THEN MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UPON ACCEPTANCE AND ANNUALLY THEREAFTER, BOARD MEMBERS ARE REQUIRED TO EVALUATE THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND REPORT ON ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS EVALUATED ANNUALLY BY THE BOARD. RECOMMENDATIONS FOR INCREASES ARE BASED ON THE BOARD MEMBERS' EXTENSIVE EXPERIENCE WITH OTHER AREA NONPROFIT ORGANIZATIONS AND KNOWLEDGE OF COMPENSATION PRACTICES IN GENERAL. FORM 990, PART VI, SECTION C, LINE 19 DCRAC MAINTAINS COPIES OF ITS FORM 990 AND MOST RECENT AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE WWW.DCRAC.ORG. DCRAC BELIEVES THIS, ALONG WITH THE OTHER INFORMATION ON ITS PROGRAMS AND SERVICES AVAILABLE ON ITS WEBSITE, SHOULD SATISFY MOST LEGITIMATE INQUIRIES. REQUESTS FOR FURTHER INFORMATION WILL BE EVALUATED ON A CASE BY CASE BASIS. FORM 990, PART XII, LINE 2C DCRAC'S BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS. DCRAC ECONOMIC DEVELOPMENT FUNDLLC C/O DCRAC 600 S HARRISON ST WILMINGTON DE 19805 832868587 RECEIVING PROCEEDS FROM DONATED LOANS DE 76441 263445 DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC STEPPING STONES COMMUNITY FEDERAL CREDIT UNION C/O DCRAC 603 N CHURCH ST WILMINGTON DE 19801 453643816 CREDIT UNION PROVIDING FINANCIAL SERVICES TO UNDERSERVED POPULATIONS. DE 501(C)(1) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 STEPPING STONES FCU B 1000000 CASH STEPPING STONES FCU O NOT READILY DETERMINABLE STEPPING STONES FCU N NOT READILY DETERMINABLE