Riverworks Development Corporation logo

Riverworks Development Corporation

Public charity · Grantmaker Milwaukee, WI EIN: 39-1731739 Website

Riverworks Development Corporation (RDC) is a Milwaukee, Wisconsin, Form 990 (a public charity) that works primarily in the Harambee and Riverwest neighborhoods. It says it drives social and economic development by connecting residents and businesses with specialized resources.

Key facts about Riverworks Development Corporation

EIN
39-1731739
Latest 990 filing
Form 990, 2025
Total assets
$7,341,922

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$7.3M

-0.2% YoY

Revenue

$2.4M

-19.3% YoY

Net Investment Income

$11K

-20.2% YoY

Expenses

$2.1M

-18.9% YoY

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

RDC’s mission is to align residents and businesses with resources that strengthen Harambee, Riverwest, and surrounding communities. Its stated organizational pillars are business development, financial empowerment, real estate development, neighborhood revitalization, and creative placemaking.

Its 2025 filing describes a Financial Clinic providing free financial counseling, tax preparation, and financial education to Milwaukee residents with low to moderate incomes. The filing also describes neighborhood activities, Riverworks Cleans—an employment-focused social enterprise—and real estate projects intended to have positive economic and social impacts in the community.

Grantmaking

The IRS filing data reports 11 grants totaling $388,642 in 2024 and two grants totaling $82,116 in 2023. Those totals correspond to average grants of about $35,331 and $41,058, respectively. The 2025 filing data reports zero grants. No grantee names or grant-specific amounts are provided here.

Average Grant

s of about $35,331 and $41,058, respectively. The 2025 filing data reports zero grants. No grantee names or grant-specific amounts are provided here.

Review Cycle

for RDC grant requests are stated.

How to Apply

, materials, restrictions, or deadline for RDC grant requests are stated.

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Geographic Focus

Where this funder awards grants

RDC says it works primarily in Milwaukee’s Harambee and Riverwest neighborhoods, with surrounding communities also included in its stated mission. Its Business Development HUB says its main service area is Harambee and Riverwest, extending to Milwaukee and surrounding areas.

Grant Distribution by State

1state

States

Cities

Milwaukee

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2020 0 grants2021 0 grants2022 2 grants2023 11 grants2024 0 grants2025

From 2023 to 2024, annual grant giving ranged from $82K (2023) to $389K (2024). In 2024 it made 11 grants totaling $389K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

13 grants across all recorded years

9<$50K4$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 13 (69%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2025 $7,341,922 $2,367,855 $2,128,616 0
2024 $7,353,968 $2,934,016 $2,623,728 11 grants; $388,642 total
2023 $7,065,704 $2,829,114 $2,272,432 2 grants; $82,116 total
Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$7,341,922$7,353,968$7,065,704
Revenue$2,367,855$2,934,016$2,829,114
Expenses$2,128,616$2,623,728$2,272,432
Net Investment Income$11,019$13,813$10,182

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 15, 2021)
  2. Added Form 990 for fiscal year 2025 (received by the IRS June 19, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Mustafa Emir as president; Shawnta Eaton-Leschig as vice president; Susan Doyle as treasurer; and Neil White as secretary. It also lists Michael Maistelman, Adrian Spencer, Mike Olson, Andrew Ruehl, Cassandra Flagg, and Erika Turner as directors.

Riverworks Development Corporation is led by Darryl Johnson, Executive Director on filings since 2020; 1 of 18 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Darryl Johnson

    Executive Director

    On filings since 2020

    40 hrs/week

    $107K (2020) → $115K (2025)

  • Mustafa Emir

    President

    Secretary → Vice President, 2022

    Vice President → President, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Andrew Ruehl

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Glenn Mattison

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mike Olson

    Director

    Treasurer → Director, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Ted Torcivia

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Cassandra Flagg

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Erika Turner

    Director

    Director → Treasurer, 2023

    Treasurer → Director, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Michael Maistelman

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Adrian Spencer

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Vernon Singleton

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Cinthia Tellez-Silva

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jarod Little

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Nicholas Migan

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Tamika Mallette

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Shawnta Eaton-Leschig

    Vice President

    Director → Treasurer, 2022

    Treasurer → Vice President, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Neil White

    Secretary

    On filings since 2022

    1 hr/week

    No compensation reported

  • Susan Doyle

    Treasurer

    Director → Treasurer, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

Former officers (13)
  • Former: Steve Adams (2020–2024) — Director
  • Former: Dannie Stallworth (2024) — Director
  • Former: Darryl Jonhson (2024) — Executive Director
  • Former: Ted Trocivia (2024) — Director
  • Former: Dan Sweeney (2020–2022) — Former Director
  • Former: Edward Bryant (2020–2022) — Former Director
  • Former: Robin N. Reese (2020–2022) — Former Director
  • Former: Brian Monroe (2020–2021) — Director
  • Former: Carl Nilssen (2020–2021) — Vice President
  • Former: Darryl Jackson (2020–2021) — Director
  • Former: Natalie Bowers (2020–2021) — Director
  • Former: Palone Williams (2020–2021) — Director
  • Former: Sandra J. Gaillard (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Darryl Johnson — Executive Director: $115KDarryl JohnsonExecutive Director$115K

The highest reported compensation on the 2025 filing was $115K, to Darryl Johnson (Executive Director).

Contact

Mailing address: 526 E Concordia Avenue, Milwaukee, WI 53212
Phone: (414) 906-9650
Website: https://riverworksmke.org

Frequently asked questions about Riverworks Development Corporation

How large is Riverworks Development Corporation?

Riverworks Development Corporation reported $7.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.4M.

What does Riverworks Development Corporation fund?

RDC’s mission is to align residents and businesses with resources that strengthen Harambee, Riverwest, and surrounding communities. Its stated organizational pillars are business development, financial empowerment, real estate development, neighborhood revitalization, and creative placemaking. See mission & focus areas ↑

How do I apply for a grant from Riverworks Development Corporation?

Riverworks Development Corporation has no public application process in the sources Grantable reviewed. Check riverworksmke.org for current guidelines, or contact the foundation directly before submitting a request.

Where does Riverworks Development Corporation make grants?

RDC says it works primarily in Milwaukee’s Harambee and Riverwest neighborhoods, with surrounding communities also included in its stated mission. Its Business Development HUB says its main service area is Harambee and Riverwest, extending to Milwaukee and surrounding areas.

What is Riverworks Development Corporation's EIN?

Riverworks Development Corporation's EIN (Employer Identification Number) is 39-1731739. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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