Public Charity

RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE

Based in WILMINGTON, DE, RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE operates as a Public Charity. The organization reported $6.0M in revenue, $14.0M in expenses, $144.8M in total assets for fiscal year 2025. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $86K.

EIN: 510373101 WILMINGTON, DE Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$6.0M
Total Expenses$14.0M
Total Assets$144.8M
Grant Records3
Funding Total$86K
Filing Years2020–2025

Mission

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.

Where $100 goes at Riverfront Development Corporation of Delaware

How Riverfront Development Corporation of Delaware divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$92 Programs the work itself
$8 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $92 for programs

$60
Various other programs for the purpose of promoting development of the riverfront area
65% of program spending · Reported in the filing: 21,000 visitors
$19
Operation of a conference center which draws over 198,000 people annually to a previously run down area
21% of program spending · Reported in the filing: 198,000 people; 60 jobs
$8
Operation of the dupont environmental education center
9% of program spending · Reported in the filing: 47,000 visitors

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD OF DIRECTORS Charuni Patibanda - Sanchez
BOARD OF DIRECTORS Clinton Walker
BOARD OF DIRECTORS Curtis Linton
BOARD OF DIRECTORS Darius Brown
BOARD OF DIRECTORS Darryl Parson Esq
BOARD OF DIRECTORS Debra Heffernan

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$25,000 1 grant
Unspecified
$61,397 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $6.0M $14.0M $144.8M
2024 $4.1M $12.5M $147.9M
2023 $3.7M $13.3M $155.9M
2021 $2.0M $9.3M $112.3M
2020 $2.4M $9.7M $105.2M

Between 2020 and 2025, reported annual revenue grew from $2.4M to $6.0M (+153%), with total assets most recently reported at $144.8M.

Interactive year-over-year charts and full filing details available with membership.

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