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Nonprofit · EIN 82-1401986

REACH RIVERSIDE DEVELOPMENT CORPORATION

Tax-exempt · WILMINGTON, DE 19802

Financials

$10.3M$5.1M2023$3.8M$4.1M2024
Revenue Expenses · by fiscal year end
Financials of REACH RIVERSIDE DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,751,794$4,076,615-$324,821$37,880,104$508,927$37,371,177
December 31, 2023990$10,287,857$5,117,143$5,170,714$38,023,669$393,275$37,630,394
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,139,367
of which government grants
$97,500
Program service revenue
$0
Investment income
$1,612,427
Tax-exempt bond proceeds
$1,612,427
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$519,693
Other salaries and wages
$526,596
Salaries, compensation and benefits (total)
$1,474,479
Professional fundraising fees
$0
Occupancy
$36,267
Depreciation
$27,738
Program services (functional)
$3,175,391
Management and general (functional)
$682,675
Fundraising (functional)
$218,549

Balance sheet and other

Total assets, start of year
$38,023,669
Total assets, end of year
$37,880,104
Total liabilities, end of year
$508,927
Net assets, end of year
$37,371,177
Land, buildings and equipment
$368,318
Net assets without donor restrictions
$5,776,029
Net assets with donor restrictions
$31,595,148
Gross receipts
$3,751,794
Employees
31
Volunteers
125
Year formed
2017
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LOGAN HERRINGCHIEF EXECUTIVE OFFICER
Officer
40$178,447
KENYETTA MCCURDY - BYRDCHIEF OPERATING OFFICER
Officer
40$122,936
DAVID FORDCHIEF COMMUNITY INVESTMENT
Officer
40$110,452
LAURA MOODCHIEF FINANCIAL OFFICER
Officer
40$107,858
CHARLES S MCDOWELL ESQCHAIR
Trustee or director, Officer
30$0
PERRY BEBERMANTREASURER
Trustee or director, Officer
2$0
STEPHEN BRIGGSDIRECTOR
Trustee or director
1$0
DONALD FULTONDIRECTOR
Trustee or director
1$0
RAY FITZGERALDDIRECCTOR
Trustee or director
1$0
JAMES RAY RHODESVICE CHAIR
Trustee or director, Officer
10$0
DIONNA J SARGENTDIRECTOR
Trustee or director
1$0
SHERRY DORSEY WALKERDIRECTOR
Trustee or director
1$0
BETTINA TWEARDY RIVEROSDIRECTOR
Trustee or director
1$0
KEVIN SMITHDIRECTOR
Trustee or director
1$0
JOCELYN STEWARTDIRECTOR
Trustee or director
1$0
3 more people on this return
NameTitleHours / weekCompensation
DUSTY BLAKEYDIRECTOR
Trustee or director
1$0
DARIA HUBBARDDIRECTOR
Trustee or director
1$0
CHIP ROSSIDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
LOGAN HERRINGCHIEF EXECUTIVE OFFICER
Officer
40$182,344
KENYETTA MCCURDY - BYRDCHIEF OPERATING OFFICER
Officer
40$135,603
DAVID FORDCHIEF COMMUNITY INVESTMENT
Officer
40$120,883
LAURA MOODCHIEF FINANCIAL OFFICER
Officer
40$119,443
CHARLES S MCDOWELL ESQCHAIR
Trustee or director, Officer
30$0
PERRY BEBERMANTREASURER
Trustee or director
2$0
STEPHEN BRIGGSDIRECTOR
Trustee or director
1$0
DONALD FULTONDIRECTOR
Trustee or director
1$0
RAY FITZGERALDDIRECCTOR
Trustee or director
1$0
CHIP ROSSIDIRECTOR
Trustee or director
1$0
SONIA PAREDESDIRECTOR
Trustee or director
1$0
JAMES RAY RHODESVICE CHAIR
Trustee or director, Officer
10$0
DIONNA J SARGENTDIRECTOR
Trustee or director
1$0
JOCELYN STEWARTDIRECTOR
Trustee or director
2$0
SHERRY DORSEY WALKERDIRECTOR
Trustee or director
1$0
KEVIN L SMITHDIRECTOR
Trustee or director
1$0
BETTINA TWEARDY RIVEROSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1121 THATCHER ST, WILMINGTON, DE 19802-5135
In care of
% CHARLES S MCDOWELL
Principal officer (990 for 2024)
LAURA MOOD, 1121 THATCHER STREET, WILMINGTON, DE 19802
Signed the 990
LAURA MOOD, CHIEF FINANCIAL OFFICER
Phone
(302) 764-9022
Return prepared by
BARBACANE THORNTON & COMPANY LLP

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.

990 for the year ended December 31, 2024

Program accomplishments

  • AS A MEMBER OF THE PURPOSE BUILT COMMUNITIES NETWORK, A NATIONALLY REOWNED ORGANIZATION DEDICATED TO HOLISTIC COMMUNITY REDEVELOPMENT, REACH RIVERSIDE FOCUSES ON THE FOUR PILLARS OF REVITALIZATION SHOWN TO HAVE THE GREATEST IMPACT ON LONG-TERM COMMUNITY HEALTH AND WELL-BEING. REDEVELOPMENT - REACH RIVERSIDE IS COMMITTED TO BUILDING APPROXIMATELY 700 UNITS OF HIGH-QUALITY, MIXED-INCOME HOUSING THAT WILL ELEVATE THE STANDARD OF LIVING FOR RIVERSIDE NEIGHBORHOOD RESIDENTS AND PROVIDE THE SAFE AND AFFORDABLE HOUSING RESIDENTS DESERVE.EDUCATION - ACCESS TO EXCELLENT EDUCATION IS A MUST FOR ANY PROSPEROUS COMMUNITY. THE REACH RIVERSIDE PROMISE IS TO DELIVER A HIGH-QUALITY EDUCATION PIPELINE FROM CRADLE TO COLLEGE TO ENSURE GROWTH AND ACHIEVEMENT AT EVERY LEVEL, ENHANCING OPPORTUNITIES FOR SUCCESSFUL FUTURES.COMMUNITY HEALTH - A HEALTHY COMMUNITY IS THE FOUNDATION OF A THRIVING COMMUNITY, AND THE REACH RIVERSIDE PROMISE INCLUDES THE CREATION OF A COMPREHENSIVE HEALTH, WELLNESS, AND SAFETY PROGRAM TO MEET THE DIVERSE NEEDS OF THE RIVERSIDE RESIDENTS. FROM NEW SIDEWALKS AND PLAYGROUNDS TO MENTAL HEALTH SUPPORT, FINANCIAL LITERACY, YOUTH ENGAGEMENT, AND A LOCAL GROCERY STORE, RESIDENTS WILL HAVE THE SUPPORT NEEDED FOR A HEALTHY LIFESTYLE.ECONOMIC VITALITY - A STRONG COMMERCIAL CORE FOSTERS NEIGHBORHOOD PROSPERITY AND RESIDENTS' ECONOMIC ADVANCEMENT, OFFERING OPPORTUNITIES FOR MEANINGFUL WORK AND WEALTH BUILDING. A DUAL-PRONGED STRATEGY SUPPORTING OPPORTUNITIES ACROSS INCOME LEVELS ENSURES ABUNDANT LOCAL RESOURCES AND PARTICIPATION IN A THRIVING ECONOMY.
    Expenses $3,175,391

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-1401986
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
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,880,104
Income (IRS master file)
$3,751,794

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,751,794$4,076,615$37,880,104IRS
990December 2023$10,287,857$5,117,143$38,023,669XML
990December 2022$5,546,972$4,639,336$33,136,480IRS
990December 2021–––IRS
990December 2020–––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 82-1401986).

Questions about REACH RIVERSIDE DEVELOPMENT CORPORATION

What is the EIN of REACH RIVERSIDE DEVELOPMENT CORPORATION?
The employer identification number (EIN) of REACH RIVERSIDE DEVELOPMENT CORPORATION is 82-1401986.
Is REACH RIVERSIDE DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to REACH RIVERSIDE DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does REACH RIVERSIDE DEVELOPMENT CORPORATION 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 REACH RIVERSIDE DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did REACH RIVERSIDE DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of REACH RIVERSIDE DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names LAURA MOOD.
Who are the officers and directors of REACH RIVERSIDE DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 18 people; 4 received compensation from the organization, the highest $178,447 (LOGAN HERRING, CHIEF EXECUTIVE OFFICER).
How much revenue does REACH RIVERSIDE DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,751,794, expenses of $4,076,615 and total assets of $37,880,104 at year end.

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