RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE Charity Report

Public IRS 990 nonprofit record

RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE

EIN 51-0373101 · Community Improvement & Capacity Building (S300)

What they do

THE MISSION of THE RIVERFRONT DEVELOPMENT CORPORATION of DELAWARE is to CREATE ECONOMIC VITALITY ALONG THE BRANDYWINE and CHRISTINA RIVERS, ENHANCE THE ENVIRONMENT, ENCOURAGE HISTORIC PRESERVATION, and PROMOTE COMMUNITY ACCESS. THROUGH TARGETED and LEVERAGED INVESTMENTS, RDC WILL CREATE EMPLOYMENT and RESIDENTIAL DEVELOPMENT WHILE PROMOTING EDUCATION, THE ARTS, CREATION and TOURISM.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

212.64%of revenue went to mission work92.1% of expenses · Program services

$230.78spent for every $100 of revenueSpending was higher than revenue this year.

18.13%of revenue went to management and office costs7.9% of expenses

$10.38in assets for every $1 spent this yearSome assets cannot be spent right away.

46.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $7,905,692 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $40,718 for MEGAN MCGLINCHEY (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,045,195

Mission workProgram services$12,854,637212.64% of revenue92.1% of expenses

ManagementOffice and general costs$1,096,25018.13% of revenue7.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$13,950,887230.78% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 230.78% of revenue

2023Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 301.60% of revenue

2022Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 364.57% of revenue

2021Expense mix: 91.4% mission · 8.6% management · 0.0% fundraisingTotal expenses: 584.70% of revenue

2020Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 457.99% of revenue

2019Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 407.55% of revenue

2018Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 348.05% of revenue

2017Expense mix: 90.8% mission · 9.2% management · 0.0% fundraisingRevenue comparison unavailable

Money in and money out

Revenue$6,045,195

Expenses$13,950,887

Annual shortfall $7,905,692 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$12,854,637 · 92.1% of expenses

Management and office costs$1,096,250 · 7.9% of expenses

See all reported dollar amounts

Revenue$6,045,195

Expenses$13,950,887

Assets$144,827,938

Income$8,172,664

Contributions$2,795,560

Mission work (program services)$12,854,637

Grants given$869,150

Average grant$66,858

Management and general$1,096,250

Executive compensation (total)$140,199

Accounting fees$47,497

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MEGAN MCGLINCHEYEXECUTIVE DIRECTOR · 40 hrs/week $40,718Base · Other $40,718

JAMIE SENNDIRECTOR OF OPERATIONS · 40 hrs/week $37,559Base · Other $37,559

FRANCIS J LUCEY JRCOMPTROLLER · 40 hrs/week $30,913Base · Other $30,913

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

MEGAN MCGLINCHEYEXECUTIVE DIRECTOR

JAMIE SENNDIRECTOR OF OPERATIONS

FRANCIS J LUCEY JRCOMPTROLLER

STEPHANIE BOLDENBOARD OF DIRECTORS

CHARUNI PATIBANDA - SANCHEZBOARD OF DIRECTORS

SHAWN GARVINBOARD OF DIRECTORS

REV PROVEY POWELLBOARD OF DIRECTORS

PEGGY STRINEBOARD CHAIR

MATTHEW MEYERBOARD OF DIRECTORS

MARIE REEDBOARD OF DIRECTORS

MARGARET ROSE HENRYBOARD OF DIRECTORS

MARGARET M HANNUMBOARD OF DIRECTORS

MARCUS HENRYBOARD OF DIRECTORS

JOHN CARNEYBOARD OF DIRECTORS

JOHN BLYDENBOARD OF DIRECTORS

JENNIFER BOESBOARD OF DIRECTORS

JEFFREY BULLOCKBOARD OF DIRECTORS

JAMES LARDEARBOARD OF DIRECTORS

JACK WALSHBOARD OF DIRECTORS

HANIFA SHABAZZBOARD OF DIRECTORS

FIONN WELCHBOARD OF DIRECTORS

ERNEST CONGOBOARD OF DIRECTORS

DONALD MELLBOARD OF DIRECTORS

DESMOND A BAKERVICE CHAIR

DEBRA HEFFERNANBOARD OF DIRECTORS

DARRYL PARSON ESQBOARD OF DIRECTORS

DARIUS BROWNBOARD OF DIRECTORS

CURTIS LINTONBOARD OF DIRECTORS

CLINTON WALKERBOARD OF DIRECTORS

About this charity

Recognized since: January 1997
Location: 815 JUSTISON STREET, WILMINGTON, DE 19801-5156
County: New Castle
In care of: % PENNSYLVANIA RAILROAD BLDG
Primary officer: MEGAN MCGLINCHEY, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(302) 425-4890

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MAILLIE LLP
NTEE classification: Community Improvement & Capacity Building (S300)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes