2024-11-14T14:05:59-06:00 2024-06-30 231518888 MAILLIE LLP PO BOX 11847 WILMINGTON DE 198501847 990 2023-07-01 510373101 RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE RIVE 3024254890 815 JUSTISON STREET WILMINGTON DE 19801 MEGAN MCGLINCHEY EXECUTIVE DIRECTOR 3024254890 2024-11-13 1 0 DANIELLE VANDERWERF P00174916 3023240780 2024-11-13 2023 2024-10-15 13:58:12Z MEGAN MCGLINCHEY 815 JUSTISON STREET WILMINGTON DE 19801 4731253 0 X WWW.RIVERFRONTWILM.COM X 1996 DE 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. 21 21 47 21 0 0 1147015 1233590 2240038 2294795 -37804 90940 308848 530331 3658097 4149656 87999 160475 0 0 1516391 1746366 0 0 0 11731865 10608446 13336255 12515287 -9678158 -8365631 155880628 147912666 25490598 22443769 130390030 125468897 X 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. 0 0 7327914 160475 1463083 VARIOUS OTHER PROGRAMS FOR THE PURPOSE OF PROMOTING DEVELOPMENT OF THE RIVERFRONT AREA. THERE ARE AN AVERAGE TOTAL OF 3.5 MILLION VISITORS PER YEAR TO THE MANY ATTRACTIONS, RESTAURANTS, AND BUSINESSES IN THE ENTIRE RIVERFRONT AREA AS A RESULT OF RDC DEVELOPMENT EFFORTS. PROGRAMS INCLUDE MAINTENANCE OF THE RIVERWALK WHICH IS AN AESTHETIC WALKWAY CONNECTING THE RIVERFRONT ATTRACTIONS. OPERATION OF A BEAUTIFULLY LANDSCAPED MINIATURE GOLF COURSE OVERLOOKING THE CHRISTINA RIVER, DEVELOPED ON A PREVIOUSLY VACANT CONCRETE LOT, WHICH ATTRACTED OVER 21,000 VISITORS. THE MINIATURE GOLF COURSE AESTHETICALLY IMPROVED THE PARCEL AND BROUGHT NEW VISITORS TO RIVERFRONT ATTRACTIONS. MORE INFORMATION ON THE RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE MAY BE FOUND AT WWW.RIVERFRONTWILM.COM 2542521 640610 OPERATION OF A CONFERENCE CENTER WHICH DRAWS OVER 198,000 PEOPLE ANNUALLY TO A PREVIOUSLY RUN DOWN AREA. THE CENTER HAS CREATED MORE THAN 60 FULL TIME JOBS PLUS SEASONAL POSITIONS. 654903 719875 RENTAL REAL ESTATE - EXPENSES RELATED TO THE OPERATION OF A BASEBALL STADIUM WHICH IS THE HOME OF A MINOR LEAGUE ADVANCED-A BASEBALL TEAM. THE BASEBALL TEAM DRAWS AN ANNUAL ATTENDANCE OF 156,000 FANS TO THEIR GAMES AND OTHER EVENTS HELD AT THE STADIUM DRAW 12,000 VISITORS ANNUALLY. ALSO, EXPENSES RELATED TO THE MAINTENANCE OF A PUBLIC MARKET IN A HISTORIC WAREHOUSE WHICH IS RENTED TO VENDORS IN A EUROPEAN STYLE MARKETPLACE, IN ADDITION TO A FINE DINING RESTAURANT. 1015331 OPERATION OF THE DUPONT ENVIRONMENTAL EDUCATION CENTER. THE CENTER PROVIDES ENVIRONMENTAL EDUCATION PROGRAMS FOR INDIVIDUALS, FAMILIES, SCHOOLS AND GROUPS, AND ALSO MARSH, RIVER AND WILDLIFE INTERPRETATION TO VISITORS. THE CENTER SERVED OVER 47,000 VISITORS DURING THE YEAR. 1015331 11540669 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RIVERFRONT DEVELOPMENT CORP 3024254890 815 JUSTISON STREET WILMINGTON DE 19801 MEGAN MCGLINCHEY EXECUTIVE DIRECTOR 40.00 X 0 158888 33799 FRANCIS J LUCEY JR COMPTROLLER 40.00 X 0 114234 26484 PEGGY STRINE BOARD CHAIR 1.00 X X 0 0 0 DESMOND A BAKER VICE CHAIR 1.00 X X 0 0 0 CLINTON WALKER BOARD OF DIRECTORS 1.00 X 0 0 0 CURTIS LINTON BOARD OF DIRECTORS 1.00 X 0 0 0 MARGARET M HANNUM BOARD OF DIRECTORS 1.00 X 0 0 0 FIONN WELCH BOARD OF DIRECTORS 1.00 X 0 0 0 HANIFA SHABAZZ BOARD OF DIRECTORS 1.00 X 0 0 0 SHAWN GARVIN BOARD OF DIRECTORS 1.00 X 0 0 0 MICHAEL PURZYCKI BOARD OF DIRECTORS 1.00 X 0 0 0 JEFFREY BULLOCK BOARD OF DIRECTORS 1.00 X 0 0 0 MARIE REED BOARD OF DIRECTORS 1.00 X 0 0 0 LINDA PARKOWSKI BOARD OF DIRECTORS 1.00 X 0 0 0 DARIUS BROWN BOARD OF DIRECTORS 1.00 X 0 0 0 STEPHANIE BOLDEN BOARD OF DIRECTORS 1.00 X 0 0 0 DEBRA HEFFERNAN BOARD OF DIRECTORS 1.00 X 0 0 0 ERNEST CONGO BOARD OF DIRECTORS 1.00 X 0 0 0 DONALD MELL BOARD OF DIRECTORS 1.00 X 0 0 0 DARRYL PARSON ESQ BOARD OF DIRECTORS 1.00 X 0 0 0 JACK WALSH BOARD OF DIRECTORS 1.00 X 0 0 0 JAMES LARDEAR BOARD OF DIRECTORS 1.00 X 0 0 0 MATTHEW MEYER BOARD OF DIRECTORS 1.00 X 0 0 0 0 273122 60283 3 0 1 0 RUMMEL KLEPPER & KAHL 680 AMERICAN AVE SUITE 300 KING OF PRUSSIA PA 19406 ENGINEERING & DESIGN 1126709 GREEN DREAMS INC 706 HERCULES RD WILMINGTON DE 19808 LANDSCAPING 610273 MONZACK MERSKY MCLAUGHLIN AND BROWDER 1201 N ORANGE STREET SUIT 400 WILMINGTON DE 19899 LEGAL SERVICES 579041 DEL VACCHIO LANDSCAPES 922 N CHESTER RD WEST CHESTER PA 19380 CHRISTMAS DECORATIONS 469829 LIGHT ACTION 1145 E 7TH ST WILMINGTON DE 19801 CHRISTMAS DECORATIONS 325928 5 680834 552756 1233590 FOOD AND BEVERAGE COMM 900099 1262097 1262097 CONFERENCE CENTER INCO 900099 309010 309010 MINI GOLF REVENUE 713990 306562 306562 MAINTENANCE INCOME 900099 195606 195606 PARKING INCOME 812930 186550 186550 34970 34970 2294795 90940 90940 719875 581597 138278 138278 138278 QUALIFIED SPONSORSHIP 900099 331600 331600 STADIUM MISCELLANEOUS 531120 55895 55895 CHRISTIANA RIVER BOAT 900099 3000 3000 1558 1558 392053 4149656 2823568 0 92498 160475 160475 192689 173421 19268 1100661 960827 139834 354919 311258 43661 98097 86029 12068 603541 476254 127287 58085 58085 8528 8528 189161 19742 169419 82228 8648 73580 86706 86706 30000 30000 6213 6213 94211 94211 966150 966150 4066655 4066655 267305 190415 76890 REPAIRS AND MAINTENANCE 1308616 1308616 PROJECT COSTS 1284812 1284812 SECURITY 461027 440315 20712 UTILITIES 384370 333548 50822 710838 659293 51545 12515287 11540669 974618 0 1734001 2803676 6658769 575255 645122 969552 664756 91712 114101 232607885 97168871 150927625 135439014 1582483 1587228 155880628 147912666 815208 558318 92000 91000 23185867 20513461 1397523 1280990 25490598 22443769 X 0 0 0 0 130390030 125468897 130390030 125468897 155880628 147912666 X -8365631 -14232038 17676536 X X 0 1 X 1 0 X 67550 588400 25800 1147015 1233590 3062355 67550 588400 25800 1147015 1233590 3062355 3062355 34297 14060 13654 8654 810815 881480 226000 755140 200000 260900 392053 1834093 5777928 9297033 0.53000 0.51740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45457071 45457071 59017529 25278649 33738880 1515157 731323 783834 126618128 71158899 55459229 135439014 DEFERRED INFLOWS RELATED TO PENSION 42280 DEFERRED INFLOW RELATED TO LEASE ACTIVITY 1202912 PENSION LIABILITY 35798 1280990 4731253 581597 581597 4149656 0 4149656 27328922 14232038 581597 14813635 12515287 0 12515287 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 581,597. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 581,597. 1 RIVERFRONT WILMINGTON BUSINESS IMPROVEMENT DISTRICT 815 JUSTISON STREET WILMINGTON DE 19801 510385409 501(C)3 49999 0 GENERAL OPERATING COSTS DELAWARE CHILDREN'S MUSEUM 550 JUSTISON ST WILMINGTON DE 19801 510305812 501(C)3 108956 0 GENERAL OPERATING COSTS 2 PART I, LINE 2: THE ORGANIZATION COMMUNICATES REGULARLY WITH THE GRANTEE AGENCY. THE COMPTROLLER OF THE ORGANIZATION IS ALSO THE COMPTROLLER OF THE GRANTEE. THE FINANCIAL STATEMENTS OF THE GRANTEE ORGANIZATION ARE REVIEWED ON AN ONGOING BASIS. X X X X 0 0 0 0 0 0 0 0 0 MEGAN MCGLINCHEY EXECUTIVE DIRECTOR 0 158888 0 0 0 0 0 8589 0 25210 0 192687 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THE RIVERFRONT DEVELOPMENT CORPORATION CONSISTS OF 23 DIRECTORS, AS FOLLOWS: THE FOLLOWING 8 DIRECTORS WHO SERVE BY VIRTUE OF THEIR POSITION: A. THE GOVERNOR, OR A DESIGNEE APPOINTED BY THE GOVERNOR. B. THE PRESIDENT PRO TEMPORE OF THE SENATE, OR A DESIGNEE APPOINTED BY THE PRO TEMPORE. C. THE SPEAKER OF THE HOUSE OF REPRESENTATIVES, OR A DESIGNEE APPOINTED BY THE SPEAKER. D. THE SENATE CO-CHAIR OF THE JOINT LEGISLATIVE COMMITTEE ON CAPITAL IMPROVEMENT, OR A DESIGNEE APPOINTED BY THE SENATE CO-CHAIR. E. THE HOUSE OF REPRESENTATIVES CO-CHAIR OF THE JOINT LEGISLATIVE COMMITTEE ON CAPITAL IMPROVEMENT, OR A DESIGNEE APPOINTED BY THE HOUSE OF REPRESENTATIVES CO-CHAIR. F. THE NEW CASTLE COUNTY EXECUTIVE. G. THE MAYOR OF THE CITY OF WILMINGTON. H. THE PRESIDENT OF THE CITY OF WILMINGTON COUNCIL. AN ADDITIONAL 8 DIRECTORS APPOINTED BY THE GOVERNOR. THE DIRECTORS APPOINTED BY THE GOVERNOR MUST HAVE EXPERIENCE IN ECONOMIC DEVELOPMENT. THE GOVERNOR SHALL APPOINT 1 OF THE DIRECTORS APPOINTED BY THE GOVERNOR TO SERVE AS CHAIR OF THE BOARD. 1 DIRECTOR WILL BE APPOINTED BY THE PRESIDENT PRO TEMPORE OF THE SENATE. 1 DIRECTOR WILL BE APPOINTED BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES. 1 DIRECTOR WILL BE APPOINTED BY THE MAYOR OF THE CITY OF WILMINGTON. THE DIRECTOR APPOINTED BY THE MAYOR MUST BE SELECTED FROM AMONG PRIVATE CITIZENS WHO ARE ACTIVE IN THE NON-PROFIT COMMUNITY OR RESIDENTIAL ORGANIZATIONS IN THE CITY OF WILMINGTON. AN ADDITIONAL 2 DIRECTORS ARE ELECTED BY A MAJORITY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 HAS BEEN REVIEWED BY THE AUDIT COMMITTEE AS WELL AS THE COMPTROLLER PRIOR TO ITS FILING, AND A COPY HAS BEEN PROVIDED TO THE FULL BOARD FORM 990, PART VI, SECTION B, LINE 12C ALL MAJOR CONTRACTS ARE APPROVED BY BOARD. NO CONTRACTS ARE ENGAGED IN WITH BOARD MEMBERS, ETC. ALSO BOARD MEMBERS AND KEY OFFICIALS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 ESTABLISHED BY PERSONNEL COMPENSATION COMMITTEE. REVIEW AND APPROVAL BY GOVERNING BOARD OR COMPENSATION COMMITTEE, PROVIDED THE KEY PERSON IS NOT INVOLVED AND USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. ALSO, CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: TRANSFER IN FROM PRIMARY GOVERNMENT 17,676,536. PART XII, LINE 2C AUDITED FINANCIAL STATEMENTS WERE REVIEWED BY THE COMPTROLLER, EXECUTIVE DIRECTOR AND AUDIT COMMITTEE BEFORE FINALIZATION. RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT 815 JUSTISON STREET WILMINGTON DE 19801 510385409 MAINTENANCE AND SECURITY IN THE WILMINGTON AREA DE 501(C)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT B 49999 APPROVED BY BOD RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT Q 214094 APPROVED BY RELATED