2025-12-09T07:09:57-06:00 2025-06-30 231518888 MAILLIE LLP PO BOX 11847 WILMINGTON DE 198501847 990 2024-07-01 510373101 RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE RIVE 3024254890 815 JUSTISON STREET WILMINGTON DE 19801 MEGAN MCGLINCHEY EXECUTIVE DIRECTOR 3024254890 2025-12-01 1 1 DANIELLE VANDERWERF P00174916 3023240780 2025-12-01 2024 2025-03-06 01:10:19Z MEGAN MCGLINCHEY 815 JUSTISON STREET WILMINGTON DE 19801 8172664 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. 26 24 48 26 0 0 1233590 2795560 2294795 1987580 90940 634653 530331 627402 4149656 6045195 160475 184850 0 0 1746366 1744652 0 0 0 10608446 12021385 12515287 13950887 -8365631 -7905692 147912666 144827938 22443769 17009634 125468897 127818304 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 8380687 184850 1280932 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 2744079 536200 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. 652180 649770 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. 1077691 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. 1077691 12854637 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 19 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 24 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 170927 40718 FRANCIS J LUCEY JR COMPTROLLER 40.00 X 0 121150 30913 JAMIE SENN DIRECTOR OF OPERATIONS 40.00 X 0 103167 37559 PEGGY STRINE BOARD CHAIR 1.00 X X 0 0 0 DESMOND A BAKER VICE CHAIR 1.00 X X 0 0 0 JOHN BLYDEN BOARD OF DIRECTORS 1.00 X 0 0 0 JENNIFER BOES BOARD OF DIRECTORS 1.00 X 0 0 0 STEPHANIE BOLDEN BOARD OF DIRECTORS 1.00 X 0 0 0 DARIUS BROWN BOARD OF DIRECTORS 1.00 X 0 0 0 JEFFREY BULLOCK BOARD OF DIRECTORS 1.00 X 0 0 0 JOHN CARNEY BOARD OF DIRECTORS 1.00 X 0 0 0 ERNEST CONGO BOARD OF DIRECTORS 1.00 X 0 0 0 SHAWN GARVIN BOARD OF DIRECTORS 1.00 X 0 0 0 MARGARET M HANNUM BOARD OF DIRECTORS 1.00 X 0 0 0 DEBRA HEFFERNAN BOARD OF DIRECTORS 1.00 X 0 0 0 MARCUS HENRY BOARD OF DIRECTORS 1.00 X 0 0 0 MARGARET ROSE HENRY BOARD OF DIRECTORS 1.00 X 0 0 0 JAMES LARDEAR BOARD OF DIRECTORS 1.00 X 0 0 0 CURTIS LINTON BOARD OF DIRECTORS 1.00 X 0 0 0 DONALD MELL BOARD OF DIRECTORS 1.00 X 0 0 0 MATTHEW MEYER BOARD OF DIRECTORS 1.00 X 0 0 0 DARRYL PARSON ESQ BOARD OF DIRECTORS 1.00 X 0 0 0 CHARUNI PATIBANDA - SANCHEZ BOARD OF DIRECTORS 1.00 X 0 0 0 REV PROVEY POWELL BOARD OF DIRECTORS 1.00 X 0 0 0 MARIE REED BOARD OF DIRECTORS 1.00 X 0 0 0 HANIFA SHABAZZ BOARD OF DIRECTORS 1.00 X 0 0 0 CLINTON WALKER BOARD OF DIRECTORS 1.00 X 0 0 0 JACK WALSH BOARD OF DIRECTORS 1.00 X 0 0 0 FIONN WELCH BOARD OF DIRECTORS 1.00 X 0 0 0 0 395244 109190 5 0 1 0 EDIS COMPANY 110 SOUTH POPLAR STREET SUITE 400 WILMINGTON DE 19801 CONSTRUCTION COMPANY 3688519 RUMMEL KLEPPER & KAHL 680 AMERICAN AVE SUITE 300 KING OF PRUSSIA PA 19406 ENGINEERING & DESIGN 817053 DEPENDABLE CONSTRUCTION OF DELAWARE 300 CORNELL DR SUITE A-2 WILMINGTON DE 19801 CONSTRUCTION COMPANY 803632 GREEN DREAMS INC 706 HERCULES RD WILMINGTON DE 19808 LANDSCAPING 541248 MONZACK MERSKY MCLAUGHLIN AND BROWDER 1201 N ORANGE STREET SUIT 400 WILMINGTON DE 19899 LEGAL SERVICES 484689 14 2774670 20890 2795560 FOOD AND BEVERAGE COMMISSIONS 900099 1043439 1043439 MINI GOLF REVENUE 713990 292289 292289 CONFERENCE CENTER INCOME 900099 242300 242300 MAINTENANCE INCOME 900099 191425 191425 PARKING INCOME 812930 187125 187125 31002 31002 1987580 153064 153064 649770 652180 -2410 -2410 -2410 1956878 1475289 481589 481589 481589 QUALIFIED SPONSORSHIP 900099 293900 293900 BAD DEBT RECOVERY 900099 148080 148080 RIVERFRONT EAST MISCELLANEOUS INC 900099 125180 125180 62652 62652 629812 6045195 2466902 0 782733 184850 184850 211645 190480 21165 1043211 881748 161463 393288 336050 57238 96508 82462 14046 490462 233079 257383 47497 47497 51531 31121 20410 187081 2985 184096 82930 10659 72271 70948 70948 438286 404262 34024 86771 86771 813172 813172 4028476 4028476 293283 206739 86544 REPAIRS AND MAINTENANCE 2852763 2852763 PROJECT COSTS 1441507 1441507 SECURITY 475325 460580 14745 DEEC CONTRACT 310304 310304 351049 296629 54420 13950887 12854637 1096250 0 2803676 3917837 6658769 3533008 645122 1020373 664756 810585 114101 117754 233590248 99662140 135439014 133928108 1587228 1500273 147912666 144827938 558318 1169566 91000 95142 20513461 14518626 1280990 1226300 22443769 17009634 X 0 0 0 0 125468897 127818304 125468897 127818304 147912666 144827938 X -7905692 10255099 X X 0 1 X 1 1 1 X 588400 25800 1147015 1233590 2795560 5790365 588400 25800 1147015 1233590 2795560 5790365 5790365 14060 13654 8654 810815 802834 1650017 755140 200000 260900 392053 629812 2237905 9678287 9222446 0.59830 0.53000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45457071 45457071 59243893 25178221 34065672 3887574 789402 3098172 125001710 73694517 51307193 133928108 DEFERRED INFLOWS RELATED TO PENSION 30479 DEFERRED INFLOW RELATED TO LEASE ACTIVITY 1195821 1226300 6697375 652180 652180 6045195 0 6045195 14603067 652180 652180 13950887 0 13950887 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 652,180. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 652,180. 1 RIVERFRONT WILMINGTON BUSINESS IMPROVEMENT DISTRICT 815 JUSTISON STREET WILMINGTON DE 19801 510385409 501(C)3 70339 0 GENERAL OPERATING COSTS DELAWARE CHILDREN'S MUSEUM 550 JUSTISON ST WILMINGTON DE 19801 510305812 501(C)3 114511 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 170927 0 0 0 0 0 9839 0 30879 0 211645 0 0 FRANCIS J LUCEY JR COMPTROLLER 0 121150 0 0 0 0 0 7090 0 23823 0 152063 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THE RIVERFRONT DEVELOPMENT CORPORATION CONSISTS OF 21 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 10,255,099. 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) LINE 10 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 70339 APPROVED BY BOD RIVERFRONT-WILMINGTON BUSINESS IMPROVEMENT DISTRICT Q 205000 APPROVED BY RELATED