Old Brandywine Village Inc

Nonprofit profile at a glance

EIN
516018256
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2017
Location
Wilmington, DE, USA
Phone
3026523008
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$27,673
Expenses
$25,525
Assets
$140,466
Liabilities
$23,167

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JENNA PROSCENO (PRESIDENT)
  • JIM SHANAHAN (VICE PRESIDENT)

People named in this filing

  • JENNA PROSCENO (PRESIDENT)
  • JIM SHANAHAN (VICE PRESIDENT)
  • MICHAEL LOONEY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the historical preservation and the economic and commercial development of brandywine village and adjacent neighborhoods as a dynamic community that capitalizes on its premier location as a nexus of heritage assets, natural resources, and proximity to downtown wilmington

What it reported doing in 2024

To ensure the preservation of historic assets, the redevelopment of existing property, and the renewals of community through the delivery of opportunities and services as defined by obv residents.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 100
  • Sustainability: 61
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.3%; rating input score 34
  • Program expense ratio: 37.2%; rating input score 37

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 7.8%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 5.5; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: -8.5% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 34.3% of revenue deployed · 37.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 37/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.