Riverfront Development Corporation Of Delaware
EIN: 510373101 · Wilmington, DE · NTEE: S300
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $12.5M |
| Net Assets | $125.5M |
Is Riverfront Development Corporation Of Delaware Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Riverfront Development Corporation Of Delaware
Riverfront Development Corporation Of Delaware (EIN: 510373101) is a nonprofit organization based in Wilmington, DE, classified under NTEE code S300. The organization reported total revenue of $8.2M and total assets of $144.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverfront Development Corporation Of Delaware's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverfront Development Corporation Of Delaware is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $12.5M |
| Surplus / Deficit | $-8,365,631 |
| Total Assets | $147.9M |
| Total Liabilities | $22.4M |
| Net Assets | $125.5M |
| Operating Margin | -201.6% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 141.8 months |
Financial Health Grade: B
In 2024, Riverfront Development Corporation Of Delaware reported a deficit of $8.4M with expenses exceeding revenue, holds 141.8 months of operating reserves (strong position), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Riverfront Development Corporation Of Delaware's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.4% | -6.2% | -5.1% |
| 2023 | +118.9% | +36.5% | +11.2% |
| 2022 | -18.0% | +4.6% | +24.8% |
| 2021 | -14.7% | -4.1% | +6.7% |
| 2020 | -26.3% | -13.7% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Riverfront Development Corporation Of Delaware has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riverfront Development Corporation Of Delaware with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.2%.
Frequently Asked Questions about Riverfront Development Corporation Of Delaware
Is Riverfront Development Corporation Of Delaware a legitimate charity?
Riverfront Development Corporation Of Delaware (EIN: 510373101) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. Total revenue: $8.2M. No red flags identified. Financial health grade: B.
How does Riverfront Development Corporation Of Delaware spend its money?
Riverfront Development Corporation Of Delaware reported $8.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Riverfront Development Corporation Of Delaware tax-deductible?
Riverfront Development Corporation Of Delaware is registered as a tax-exempt nonprofit (EIN: 510373101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Riverfront Development Corporation Of Delaware located?
Riverfront Development Corporation Of Delaware is headquartered in Wilmington, Delaware and files with the IRS under EIN 510373101. It is classified under NTEE code S300.
How many years of IRS 990 filings does Riverfront Development Corporation Of Delaware have?
Riverfront Development Corporation Of Delaware has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.2M in total revenue.
Filing History
IRS 990 filing history for Riverfront Development Corporation Of Delaware showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Riverfront Development Corporation Of Delaware's revenue has declined by 3.6%, moving from $4.3M to $4.1M. Total assets increased by 17.6% over the same period, from $125.8M to $147.9M. Total functional expenses rose by 24.1%, from $10.1M to $12.5M. In its most recent filing year (2024), Riverfront Development Corporation Of Delaware reported a deficit of $8.4M, with expenses exceeding revenue. The organization holds $22.4M in liabilities against $147.9M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $125.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.1M | $12.5M | $147.9M | $22.4M | — | — |
| 2023 | $3.7M | $13.3M | $155.9M | $25.5M | — | View 990 |
| 2022 | $1.7M | $9.8M | $140.2M | $25.1M | — | View 990 |
| 2021 | $2.0M | $9.3M | $112.3M | $19.1M | — | — |
| 2020 | $2.4M | $9.7M | $105.2M | $20.9M | — | View 990 |
| 2019 | $3.2M | $11.3M | $107.7M | $20.5M | — | View 990 |
| 2018 | $-1,054,926 | $10.4M | $105.1M | $18.2M | — | View 990 |
| 2017 | $3.6M | $9.6M | $115.8M | $20.4M | — | View 990 |
| 2016 | $4.0M | $9.8M | $112.1M | $17.8M | — | View 990 |
| 2015 | $2.3M | $10.1M | $114.3M | $18.3M | — | View 990 |
| 2014 | $2.4M | $9.7M | $115.3M | $14.2M | — | View 990 |
| 2013 | $955K | $10.0M | $120.1M | $15.6M | — | View 990 |
| 2012 | $4.3M | $10.1M | $125.8M | $18.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.1M, expenses of $12.5M, and assets of $147.9M (revenue +13.4% year-over-year).
- 2023: Revenue of $3.7M, expenses of $13.3M, and assets of $155.9M (revenue +118.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $9.8M, and assets of $140.2M (revenue -18.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $9.3M, and assets of $112.3M (revenue -14.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $9.7M, and assets of $105.2M (revenue -26.3% year-over-year).
- 2019: Revenue of $3.2M, expenses of $11.3M, and assets of $107.7M.
- 2018: Revenue of $-1,054,926, expenses of $10.4M, and assets of $105.1M (revenue -129.4% year-over-year).
- 2017: Revenue of $3.6M, expenses of $9.6M, and assets of $115.8M (revenue -9.3% year-over-year).
- 2016: Revenue of $4.0M, expenses of $9.8M, and assets of $112.1M (revenue +70.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $10.1M, and assets of $114.3M (revenue -3.3% year-over-year).
- 2014: Revenue of $2.4M, expenses of $9.7M, and assets of $115.3M (revenue +151.0% year-over-year).
- 2013: Revenue of $955K, expenses of $10.0M, and assets of $120.1M (revenue -77.8% year-over-year).
- 2012: Revenue of $4.3M, expenses of $10.1M, and assets of $125.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverfront Development Corporation Of Delaware:
Data Sources and Methodology
This transparency report for Riverfront Development Corporation Of Delaware is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.