Nonprofit · EIN 51-0373101
RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE
Tax-exempt · WILMINGTON, DE 19801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,045,195 | $13,950,887 | -$7,905,692 | $144,827,938 | $17,009,634 | $127,818,304 |
| June 30, 2024 | 990 | $4,149,656 | $12,515,287 | -$8,365,631 | $147,912,666 | $22,443,769 | $125,468,897 |
| June 30, 2023 | 990 | $3,658,097 | $13,336,255 | -$9,678,158 | $155,880,628 | $25,490,598 | $130,390,030 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,795,560
- of which government grants
- $2,774,670
- Program service revenue
- $1,987,580
- Investment income
- $634,653
- Net rental income
- -$2,410
- Net gain from sales of assets
- $481,589
- Other revenue
- $627,402
Expenses
- Grants and similar amounts paid
- $184,850
- Compensation of officers, directors and key employees
- $211,645
- Other salaries and wages
- $1,043,211
- Salaries, compensation and benefits (total)
- $1,744,652
- Professional fundraising fees
- $0
- Legal fees
- $490,462
- Accounting fees
- $47,497
- Occupancy
- $438,286
- Depreciation
- $4,028,476
- Program services (functional)
- $12,854,637
- Management and general (functional)
- $1,096,250
Balance sheet and other
- Total assets, start of year
- $147,912,666
- Total assets, end of year
- $144,827,938
- Total liabilities, end of year
- $17,009,634
- Net assets, end of year
- $127,818,304
- Land, buildings and equipment
- $133,928,108
- Gross receipts
- $8,172,664
- Employees
- 48
- Volunteers
- 26
- Year formed
- 1996
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MEGAN MCGLINCHEY | EXECUTIVE DIRECTOR Officer | 40 | $0 | $170,927 | $40,718 |
| FRANCIS J LUCEY JR | COMPTROLLER Highest-paid employee | 40 | $0 | $121,150 | $30,913 |
| JAMIE SENN | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $0 | $103,167 | $37,559 |
| PEGGY STRINE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DESMOND A BAKER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN BLYDEN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER BOES | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE BOLDEN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| DARIUS BROWN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY BULLOCK | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| JOHN CARNEY | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| ERNEST CONGO | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| SHAWN GARVIN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| MARGARET M HANNUM | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| DEBRA HEFFERNAN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS HENRY | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| MARGARET ROSE HENRY | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| JAMES LARDEAR | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| CURTIS LINTON | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| DONALD MELL | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| MATTHEW MEYER | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| DARRYL PARSON ESQ | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| CHARUNI PATIBANDA - SANCHEZ | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| REV PROVEY POWELL | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| MARIE REED | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| HANIFA SHABAZZ | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| CLINTON WALKER | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| JACK WALSH | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| FIONN WELCH | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MEGAN MCGLINCHEY | EXECUTIVE DIRECTOR Officer | 40 | $0 | $158,888 | $33,799 |
| FRANCIS J LUCEY JR | COMPTROLLER Highest-paid employee | 40 | $0 | $114,234 | $26,484 |
| PEGGY STRINE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DESMOND A BAKER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CLINTON WALKER | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| CURTIS LINTON | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| MARGARET M HANNUM | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| FIONN WELCH | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| HANIFA SHABAZZ | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| SHAWN GARVIN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL PURZYCKI | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY BULLOCK | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| MARIE REED | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| LINDA PARKOWSKI | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| DARIUS BROWN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE BOLDEN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| DEBRA HEFFERNAN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| ERNEST CONGO | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| DONALD MELL | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| DARRYL PARSON ESQ | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| JACK WALSH | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| JAMES LARDEAR | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW MEYER | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN MCGLINCHEY | EXECUTIVE DIRECTOR Officer | 40 | $155,891 | $23,331 |
| FRANCIS J LUCEY JR | COMPTROLLER Highest-paid employee | 40 | $105,052 | $26,846 |
| MATTHEW MEYER | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| DESMOND A BAKER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CLINTON WALKER | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| JAMES MARAVELIAS | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| PEGGY STRINE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARGARET M HANNUM | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| FIONN WELCH | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| HANIFA SHABAZZ | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| SHAWN GARVIN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| MICHAEL PURZYCKI | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| JEFFREY BULLOCK | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| MARIE REED | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| LINDA PARKOWSKI | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| DARIUS BROWN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| STEPHANIE BOLDEN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| DEBRA HEFFERNAN | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| ERNEST CONGO | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| DONALD MELL | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| DARRYL PARSON ESQ | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| NICOLE POORE | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
| JAMES LARDEAR | BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 815 JUSTISON STREET, WILMINGTON, DE 19801-5156
- In care of
- % PENNSYLVANIA RAILROAD BLDG
- Principal officer (990 for 2024)
- MEGAN MCGLINCHEY, 815 JUSTISON STREET, WILMINGTON, DE 19801
- Signed the 990
- MEGAN MCGLINCHEY, EXECUTIVE DIRECTOR
- Phone
- (302) 425-4890
- Website
- WWW.RIVERFRONTWILM.COM
- Return prepared by
- MAILLIE LLP
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.
Program accomplishments
- 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.COMExpenses $8,380,687 · grants $184,850 · revenue $1,280,932
- 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.Expenses $2,744,079 · revenue $536,200
- 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.Expenses $652,180 · revenue $649,770
- 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.Expenses $1,077,691
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0373101
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $144,827,938
- Income (IRS master file)
- $8,172,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,045,195 | $13,950,887 | $144,827,938 | XML |
| 990 | June 2024 | $4,149,656 | $12,515,287 | $147,912,666 | XML |
| 990 | June 2023 | $3,658,097 | $13,336,255 | $155,880,628 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0373101).
Questions about RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE
- What is the EIN of RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE?
- The employer identification number (EIN) of RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE is 51-0373101.
- Is RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE?
- The 990 for the year ended June 30, 2025 names MEGAN MCGLINCHEY.
- Who are the officers and directors of RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE?
- The 990 for the year ended June 30, 2025 lists 29 people; 0 received compensation from the organization.
- How much revenue does RIVERFRONT DEVELOPMENT CORPORATION OF DELAWARE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,045,195, expenses of $13,950,887 and total assets of $144,827,938 at year end.
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All nonprofits in WILMINGTON · Delaware · Community improvement and capacity building