#945of 1,000 in 2025

Riverfront Development Corporation

Location
Wilmington, Delaware
Sector
Community improvement
Founded
1996
226%Three-year growth, FY2022 to FY2025
$5.4MFY2025 revenue
48Employees, FY2025
#53of 56 in Community improvement
#6of 7 in Delaware

Revenue by fiscal year

FY2022: $1,657,239 $1.7M FY22 FY2023: $3,695,901 $3.7M FY23 FY2024: $4,058,716 $4.1M FY24 FY2025: $5,410,542 $5.4M FY25

Where revenue came from, FY2025

Government grants
$2.8M · 51%
Program revenue
$2.0M · 37%
Other revenue
$627K · 12%
Gifts and grants
$21K · 0%
Total revenue on the 990
$6,045,195
Investment income
− $634,653
Revenue we count
$5,410,542

What it does

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.

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
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.
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.

Leadership

Megan McglincheyExecutive Director
Francis J Lucey JRComptroller
Jamie SennDirector of Operations

EIN 51-0373101 · Full filings on ProPublica

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