Public Charity

REACH RIVERSIDE DEVELOPMENT CORP

Based in WILMINGTON, DE, REACH RIVERSIDE DEVELOPMENT CORP operates as a Public Charity. The organization reported $3.8M in revenue, $4.1M in expenses, $37.9M in total assets for fiscal year 2024. Imperigo tracks 14 reported grant relationships connected to this organization totaling approximately $7.4M.

EIN: 821401986 WILMINGTON, DE Latest filing: 2024
Total Revenue$3.8M
Total Expenses$4.1M
Total Assets$37.9M
Grant Records14
Funding Total$7.4M
Filing Years2019–2024

Mission

TO BREAK THE BURDENS OF INTERGENERATIONAL POVERTY CAUSED BY STRUCTURAL RACISM BY WORKING ALONGSIDE THE COMMUNITY TO TRANSFORM NORTHEAST WILMINGTON'S HISTORIC RIVERSIDE NEIGHBORHOOD INTO A HEALTHY VIBRANT PLACE TO LIVE AND THRIVE.

Officers & Directors

DIRECTOR Bettina Tweardy Riveros
CHAIR Charles S Mcdowell Esq
DIRECTOR Chip Rossi
DIRECTOR Daria Hubbard
CHIEF COMMUNITY INVESTMENT David Ford
DIRECTOR Dionna J Sargent

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO SUPPORT ECONOMIC MOBILITY
$5,000,000 2 grants
GENERAL OPERATING SUPPORT
$1,000,000 1 grant
TO PROVIDE HOUSING FOR SENIOR CITIZENS
$1,000,000 1 grant
RESTRICTED SUPPORT TO THE RIVERSIDE RELIEF FUND TO ADDRESS THE NEEDS OF THE LOW-INCOME FAMILIES WHO ARE FACING ECONOMIC HARDSHIP OR HEALTH CRISES AS A DIRECT RESULT OF COVID-19, TO SUPPORT QUALITY EDUCATION FOR YOUNG CHILDREN
$130,000 1 grant
RESTRICTED TO SUPPORT THE TEEN WAREHOUSE AND DELAWARE THEATRE COMPANY FILMS, IMPLEMENTATION OF POVERTY TO PROSPERITY: BUILD GENERATIONAL HEALTHY AND WEALTH IN RIVERSIDE, RESTRICTED TO SUPPORT PATHWAYS TO PROSPERITY PROGRAM, THE KCC EARLY LEARNERS MUSIC PROGRAM AND UNRESTICTED SUPPORT.
$125,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.8M $4.1M $37.9M
2023 $10.3M $5.1M $38.0M
2022 $5.5M $4.6M $33.1M
2020 $4.5M $2.2M $4.9M
2019 $1.5M $521K $2.3M

Between 2019 and 2024, reported annual revenue grew from $1.5M to $3.8M (+157%), with total assets most recently reported at $37.9M.

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

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