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← TRI-STATE COMMUNITY PARTNERS INC

Form 990 for tax year 2025

Filed by TRI-STATE COMMUNITY PARTNERS INC.

Totals

Total revenue
$11,067,873
Total expenses
$46,479
Contributions and grants received
$11,038,278
Grants paid
$25,000
Program service revenue
$0
Investment income
$29,595
Other revenue
$0
Total assets, end of year
$23,481,569
Total liabilities, end of year
$3,106,768
Net assets or fund balances, end of year
$20,374,801
Program services expenses (Part IX)
$25,000
Management and general expenses
$21,479
Fundraising expenses
$0
Program service expenses (Part III)
$25,000

Program services were 53.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $11,036,278

  • 1f · All other contributions, gifts and grants

    $2,000

  • 3 · Investment income

    total $29,595 · related or exempt $27,000 · excluded $2,595

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11c · Fees: accounting

    total $20,734 · management and general $20,734

  • 13 · Office expenses

    total $745 · management and general $745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,669,220 · end of year $3,118,681

  • 13 · Investments: program-related

    beginning of year $9,326,610 · end of year $20,362,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,264 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,637,159 · end of year $3,106,768

  • 27 · Net assets without donor restrictions

    beginning of year $9,353,407 · end of year $20,374,801

Mission and programs · 2025

Mission

TRI-STATE COMMUNITY PARTNERS, INC. (TSCP) WILL LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY BY ASSISTING THE CITY OF SEAFORD, DELAWARE (CITY), AND THE STATE OF DELAWARE (STATE) IN ELIMINATING A BLIGHTED AREA IN THE COMMUNITY.

  • FUNDS RECEIVED IN 2025 WERE USED IN FURTHERANCE OF TSCP'S NYLON CAPITAL SHOPPING CENTER REVITALIZATION PROJECT. AFTER BREAKING GROUND IN 2024, THE PROJECT REACHED A MAJOR MILESTONE IN 2025 WITH THE OPENING OF ITS FIRST NEW TENANTS: BRIGHTBLOOM CENTERS FOR CHILDREN WITH AUTISM AND COMMUNITY BANK OF DELAWARE. CONSTRUCTION CONTINUES AT A STRONG PACE ON THE PROJECT'S THREE LARGEST TENANTSTIDALHEALTH, DELAWARE TECHNICAL COMMUNITY COLLEGE, AND THE MILLALL OF WHICH ARE CURRENTLY UNDERGOING INTERIOR FIT-OUTS. TIDALHEALTH WILL DELIVER CRITICAL ORTHOPEDIC AND IMAGING SERVICES, ADDRESSING A SIGNIFICANT GAP IN LOCAL HEALTHCARE ACCESS. DELAWARE TECHNICAL COMMUNITY COLLEGE'S NEW FACILITY WILL SUPPORT WORKFORCE DEVELOPMENT THROUGH PROGRAMS IN NURSING AND ALLIED HEALTH FIELDS, INCLUDING EKG TECHNICIANS, NURSING ASSISTANTS, AND DENTAL ASSISTANTS, AS WELL AS TRAINING FOR HVAC AND WELDING TECHNICIANS. THE MILL, A CO-WORKING ORGANIZATION, WILL PROVIDE SPACE FOR STARTUP BUSINESSES AND NONPROFIT ORGANIZATIONS, FOSTERING INNOVATION, COLLABORATION, AND ECONOMIC GROWTH THROUGHOUT THE REGION.THE CITY HAS RECOGNIZED NYLON CAPITAL SHOPPING CENTER AS A BLIGHTED SITE. THE 22-ACRE SHOPPING CENTER, ONCE A SYMBOL OF PRIDE AND PROGRESS FOR THE CITY, HAS BEEN PREDOMINANTLY VACANT FOR OVER A DECADE. MOST OF THE SHOPPING CENTER HAD DECAYED INTO A DILAPIDATED SHELL (DELAWARE BUSINESS TIMES, 2019). IMPROVEMENTS TO THE SITE REQUIRED ENVIRONMENTAL EXPENDITURES FOR ASBESTOS, REMOVAL OF UNDERGROUND TANKS AND REMOVAL OF CONTAMINATED SOIL. WESTERN SUSSEX COUNTY, DELAWARE, WHERE THE SITE IS LOCATED, HAS A HOST OF ECONOMIC, SOCIOECONOMIC AND HEALTHCARE ISSUES THAT HAVE BEEN EXACERBATED BY THE COVID-19 PANDEMIC. THE COMMUNITIES THERE EXPERIENCE A POVERTY RATE THAT IS DOUBLE OR TRIPLE THAT STATEWIDE POVERTY RATE OF 11 PERCENT. THIS POVERTY IS BEING EXPERIENCED DISPROPORTIONALLY BY MINORITY POPULATIONS AND SINGLE WOMEN. THE CITY HAS PARTICULARLY STRUGGLED AFTER AN IMPORTANT MANUFACTURING FACILITY CLOSED. THE REDEVELOPMENT OF THE BLIGHTED SITE WILL AID COMBATTING THESE CONDITIONS. THE REDEVELOPMENT OF THE SITE WILL HELP IMPLEMENT THE CITY'S GOAL TO REPLACE THE BLIGHTED SITE, WHICH WAS ONCE THE EPICENTER OF TOWN, AND ENTICE TENANTS WHO WILL BENEFIT THE COMMUNITY AS WELL AS PROVIDING MUCH NEEDED EMPLOYMENT.

    Expenses $25,000 · Grants $25,000 · Revenue $27,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Will Horrocks

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Vincent Garman

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Andrew Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Rinnier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Taylor Santoro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
Filed
30 April 2026
IRS schema version
2025v4.1
Source object
202611209349300916

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