Delaware Community Reinvestment Action Council Inc
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.
Key facts about Delaware Community Reinvestment Action Council Inc
In short: Delaware Community Reinvestment Action Council Inc gave $1.0M across 1 grant in 2025 (avg $1.0M), mostly in Delaware. Source: 2025 IRS Form 990.
- EIN
- 51-0329119
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $1,000,000
- Grants made (2025)
- 1
- Average grant
- $1,000,000
- Median grant
- $1,000,000
- Total assets
- $1,466,942
- Primary geography
- Delaware (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.5M
-35.8% YoY
Annual Giving
$1.0M
+96.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.0M
+96.1% YoY
How Delaware Community Reinvestment Action Council Inc gives
- Giving grew 186% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Delaware Community Reinvestment Action Council Inc
Based on IRS filings
Delaware Community Reinvestment Action Council Inc is a public charity focused on Community Improvement & Capacity Building, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grant totaling $1.0M. Net investment income was $42K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $105K (2020) to $1.0M (2025). In 2025 it made 1 grant totaling $1.0M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Stepping Stones Community Federal Credit Union ($1.0M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 5 (40%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Stepping Stones Community Federal Credit Union Wilmington, DE | 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. | $1,000,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,466,942 | $2,284,739 | $2,504,428 |
| Revenue | $900,419 | $1,036,894 | $944,161 |
| Expenses | $1,719,427 | $1,261,935 | $844,286 |
| Net Investment Income | $42,419 | $54,065 | $27,739 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 5, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS January 28, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 12, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 22, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS January 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS January 23, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Delaware Community Reinvestment Action Council Inc is led by Rashmi Rangan, Executive Director on every filing since 2019; 2 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Rashmi Rangan
Executive Director
On filings since 2019
40 hrs/week
$90K (2019) → $133K (2025)
Albert Griffith
Chair
Director → Chair Beginning, 2021
Chair Beginning → Chair, 2023
On filings since 2019
1 hr/week
No compensation reported
Domenic Pedante
Director
Secretary → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Lisa Spellman
Director
On filings since 2020
1 hr/week
No compensation reported
Lillian Harrison
Director
Director Beginning → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Joel Amin
Director
On filings since 2023
1 hr/week
No compensation reported
Luly Santos
Director
On filings since 2023
1 hr/week
No compensation reported
Vernon Vassallo Esq.
Director
On filings since 2023
1 hr/week
No compensation reported
Aubrey Blume
Director
Director From → Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Eric Evans
Director
Director From → Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Jaclyn Quinn
Deputy Director
On filings since 2024
40 hrs/week
$114K (2024) → $131K (2025)
Eric Smith
Vice Chair
Director → Vice Chair, 2022
On filings since 2021
1 hr/week
No compensation reported
Former officers (13)
- Former: Darren Moore (2023–2024) — Director · Filing note: From 323
- Former: Jan Slattery (2019–2023) — Treasurer · Filing note: Until 11/2022
- Former: Eray Guven (2021–2023) — Secretary · Filing note: Until 11/2022
- Former: Mary Horchos (2021–2023) — Director · Filing note: Until 11/2022
- Former: Mo Mahmood (2021–2023) — Director · Filing note: Until 11/2022
- Former: Al Griffith (2022) — Chair
- Former: Carol L. Davis (2019–2021) — Chair
- Former: Chantel Vanderhorst (2019–2021) — Director
- Former: Dan Boddie (2019–2021) — Vice Chairman
- Former: Kathy McDaniel (2019–2021) — Director
- Former: Shondell Ayala (2019–2021) — Director
- Former: Austin Edison (2019) — Director
- Former: Vincent Lofink (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $133K, to Rashmi Rangan (Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Delaware Community Reinvestment Action Council Inc
How much does Delaware Community Reinvestment Action Council Inc give each year?
Delaware Community Reinvestment Action Council Inc gave $1.0M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $510K across 1 grant.
How large is Delaware Community Reinvestment Action Council Inc?
Delaware Community Reinvestment Action Council Inc reported $1.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $900K.
What is Delaware Community Reinvestment Action Council Inc?
Delaware Community Reinvestment Action Council Inc is a public charity focused on Community Improvement & Capacity Building, based in Wilmington, DE. It holds $1.5M in total assets as of 2025.
Where does Delaware Community Reinvestment Action Council Inc operate?
Delaware Community Reinvestment Action Council Inc has awarded grants in Delaware.
What is Delaware Community Reinvestment Action Council Inc's EIN?
Delaware Community Reinvestment Action Council Inc's EIN (Employer Identification Number) is 51-0329119. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Delaware Community Reinvestment Action Council Inc by hand.
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