Riverfront Development Corporation
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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$144.8M
-2.1% YoY
Annual Giving
$185K
+16.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$92K
+16.3% YoY
About Riverfront Development Corporation
Based on IRS filings
Riverfront Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $144.8M in total assets. In 2025, it awarded 2 grants totaling $185K. Net investment income was $635K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $144,827,938 | $147,912,666 | $155,880,628 |
| Revenue | $6,045,195 | $4,149,656 | $3,658,097 |
| Expenses | $13,950,887 | $12,515,287 | $13,336,255 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $634,653 | $90,940 | $-37,804 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Delaware Children's Museum ($114,511), Riverfront Wilmington Business Improvement District ($70,339).
| Recipient | Purpose | Amount |
|---|---|---|
| RIVERFRONT WILMINGTON BUSINESS IMPROVEMENT DISTRICT WILMINGTON, DE | GENERAL OPERATING COSTS | $70,339 |
| DELAWARE CHILDREN'S MUSEUM WILMINGTON, DE | GENERAL OPERATING COSTS | $114,511 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MEGAN MCGLINCHEY | EXECUTIVE DIRECTOR | 40 | — |
| FRANCIS J LUCEY JR | COMPTROLLER | 40 | — |
| JAMIE SENN | DIRECTOR OF OPERATIONS | 40 | — |
| PEGGY STRINE | BOARD CHAIR | 1 | — |
| DESMOND A BAKER | VICE CHAIR | 1 | — |
| JOHN BLYDEN | BOARD OF DIRECTORS | 1 | — |
| JENNIFER BOES | BOARD OF DIRECTORS | 1 | — |
| STEPHANIE BOLDEN | BOARD OF DIRECTORS | 1 | — |
| DARIUS BROWN | BOARD OF DIRECTORS | 1 | — |
| JEFFREY BULLOCK | BOARD OF DIRECTORS | 1 | — |
| JOHN CARNEY | BOARD OF DIRECTORS | 1 | — |
| ERNEST CONGO | BOARD OF DIRECTORS | 1 | — |
| SHAWN GARVIN | BOARD OF DIRECTORS | 1 | — |
| MARGARET M HANNUM | BOARD OF DIRECTORS | 1 | — |
| DEBRA HEFFERNAN | BOARD OF DIRECTORS | 1 | — |
| MARCUS HENRY | BOARD OF DIRECTORS | 1 | — |
| MARGARET ROSE HENRY | BOARD OF DIRECTORS | 1 | — |
| JAMES LARDEAR | BOARD OF DIRECTORS | 1 | — |
| CURTIS LINTON | BOARD OF DIRECTORS | 1 | — |
| DONALD MELL | BOARD OF DIRECTORS | 1 | — |
| MATTHEW MEYER | BOARD OF DIRECTORS | 1 | — |
| DARRYL PARSON ESQ | BOARD OF DIRECTORS | 1 | — |
| CHARUNI PATIBANDA - SANCHEZ | BOARD OF DIRECTORS | 1 | — |
| REV PROVEY POWELL | BOARD OF DIRECTORS | 1 | — |
| MARIE REED | BOARD OF DIRECTORS | 1 | — |
| HANIFA SHABAZZ | BOARD OF DIRECTORS | 1 | — |
| CLINTON WALKER | BOARD OF DIRECTORS | 1 | — |
| JACK WALSH | BOARD OF DIRECTORS | 1 | — |
| FIONN WELCH | BOARD OF DIRECTORS | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Riverfront Development Corporation?
Riverfront Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in WILMINGTON, DE. It holds $144.8M in total assets as of 2025.
How large is Riverfront Development Corporation?
As of 2025, Riverfront Development Corporation holds $144.8M in total assets with $6.0M in annual revenue. It awarded 2 grants totaling $185K in 2025.
Where does Riverfront Development Corporation operate?
Riverfront Development Corporation has awarded grants in Delaware.
What size grants does Riverfront Development Corporation award?
In 2025, Riverfront Development Corporation awarded 2 grants totaling $185K — an average of about $92K per grant, based on its IRS Form 990 filings.
What is Riverfront Development Corporation's EIN?
Riverfront Development Corporation's EIN (Employer Identification Number) is 51-0373101. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Riverfront Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.