DELAWARE COMMUNITY REINVESTMENT ACTION COUNCIL INC
600 SOUTH HARRISON STREET, WILMINGTON, DE 19805 www.dcrac.org

Total Revenue
$991,623
Total Expenses
$740,760
Net Assets
$1,964,881

Organizations Filed Purposes: DCRAC IS A NONPROFIT IN THE BUSINESS OF TRANSFORMING FINANCIAL LIVES FOR DELAWAREANS THROUGH ADVOCACY, BANKING, LAW, AND EDUCATION. ITS MISSION IS TO ENSURE EQUITABLE TREATMENT AND EQUAL ACCESS TO CREDIT AND CAPITAL. WE BELIEVE EVERYONE DESERVES A CHANCE TO SUCCEED, AND WE OFFER GUIDANCE AND SUPPORT TO DO SO. WE SERVE DELAWARE FAMILIES WORKING HARD TO ESCAPE POVERTY AND BUILD A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES.

TAX CLINIC: AS PART OF THE INTERNAL REVENUE SERVICE RESTRUCTURING AND REFORM ACT OF 1998 (RRA 98), CONGRESS ENACTED IRC 7526 TO AUTHORIZE FUNDING FOR THE LITC GRANT PROGRAM. THE PROGRAM PROTECTS TAXPAYERS' RIGHTS BY PROVIDING ACCESS TO REPRESENTATION FOR LOW-INCOME TAXPAYERS, SO THAT ACHIEVING A CORRECT OUTCOME IN AN IRS DISPUTE DOES NOT DEPEND ON THE TAXPAYER'S ABILITY TO PAY FOR REPRESENTATION. DCRAC'S LITC PROVIDES FREE LEGAL SERVICES TO LOW-INCOME TAXPAYERS IN DELAWARE. SINCE 2003, WE HAVE HELPED MORE THAN 1,000 TAXPAYERS RESOLVE THEIR TAX DEBTS WITH THE STATE AND THE IRS.

ECONOMIC JUSTICE PROGRAM: WE WORK AT THE STATE AND FEDERAL LEVEL TO PREVENT PASSING BAD LAWS, SYSTEMIC INJUSTICE, AND TO MAKE THE FINANCIAL AND ECONOMIC SYSTEM FAIRER. IN 2011, WE CHARTERED STEPPING STONES COMMUNITY FEDERAL CREDIT UNION TO PROVIDE BANKING SERVICES TO THOSE IN THE CITY OF WILMINGTON WHO HAVE NONE AND OTHERWISE PAY HIGHLY FOR FRINGE SERVICES SUCH AS CHECK CASHING AND PAYROLL CARDS. OUR TARGET COMMUNITY IN WILMINGTON INCLUDES ABOUT 1,700 UNBANKED, 6,000 UNDERBANKED, 7,000 BELOW POVERTY LEVELS, AND 9,000 WITHOUT BROADBAND ACCESS. IT IS A FEDERAL HOME LOAN BANK MEMBER, A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, AND THE ONLY CERTIFIED MINORITY OWNED FINANCIAL INSTITUTION IN DELAWARE.

DCRAC LAW (FORMELY HOUSING CLINIC): OUR TARGET COMMUNITY IS THOSE IN DELAWARE WHO ARE LOW INCOME, OR UNABLE TO QUALIFY FOR FREE LEGAL AID AND FIND THE MARKET PLACE EXTREMELY UNAFFORDABLE. ATTORNEYS ON STAFF PROVIDE ACCESS TO JUSTICE THROUGH AFFORDABLY PRICED, CRITICALLY NEEDED LEGAL SERVICES SUCH AS CONSULTATIONS, ESTATE PLANNING, PROBATE, TITLE ISSUES, AND BUSINESS FORMATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Rashmi RanganEXECUTIVE DIRECTOR40$90,000
Shondell AyalaDIRECTOR1$0
Jan SlatteryTREASURER1$0
Kathy McdanielDIRECTOR1$0
Albert GriffithDIRECTOR1$0
Chantel VanderhorstDIRECTOR1$0
Lisa SpellmanDIRECTOR1$0
Domenic PedanteSECRETARY1$0
Dan BoddieVICE CHAIRMAN1$0
Carol L DavisCHAIRMAN1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202100289349300305_public.xml