Riverworks Development Corporation
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
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.
Ready to take the next step with Riverworks Development Corporation?
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
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990 for fiscal year 2020 (received by the IRS May 15, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS June 19, 2026)
- 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
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.
Here's the math on researching Riverworks Development Corporation by hand.
Explore Open Grants
Browse active grant opportunities in Riverworks Development Corporation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Thrivent Charitable Impact & Investing
Appleton, WI
Thrivent Charitable Impact & Investing distributes donor-directed and program donations to a broad range of causes and organizations in local, national, and global communities. Its 2024 grants had a median of $11,520 and ranged from $5,006 to $5 million. The profile does not state whether it accepts unsolicited requests.
Assets
$939.7M
Grants
2,565
Total Given
$84.6M
Dane Buy Local Foundation Inc
Madison, WI
Dane Buy Local Foundation supports buy-local education, collaboration, and programs that strengthen locally owned businesses and communities in Dane County and South Central Wisconsin; it also offers scholarships to area high school seniors pursuing post-secondary business or entrepreneurship studies. No typical award amount is stated, and the information does not say whether the Foundation accepts unsolicited funding requests.
Assets
$16K
Grants
1
Total Given
$136K
Alliant Energy Foundation Inc
Madison, WI
Assets
$28.5M
Grants
929
Total Given
$2.4M
Greater Milwaukee Foundation Inc
Milwaukee, WI
The Greater Milwaukee Foundation funds nonprofits working on regional needs such as education, housing, basic needs, health, arts and culture, and small business, with an emphasis on racial equity. Most 2024 grants were relatively modest (median $27,778), though amounts ranged from $5,017 to $4.56 million; its competitive cycles serve organizations in Milwaukee, Waukesha, Ozaukee and Washington counties. It accepts applications through competitive grant cycles held three times a year.
Assets
$1.1B
Grants
838
Total Given
$66.8M
Herb Kohl Educational Foundation Inc
Milwaukee, WI
The foundation funds educational excellence in Wisconsin, including student scholarships and awards for teachers, principals, schools, and classrooms; its 2025 grants ranged from $290 to $15,000, with a median of $6,000. It directs applicants to its program applications for application details; whether it accepts unsolicited requests is not stated.
Assets
$14K
Grants
425
Total Given
$2.1M
Green Bay Packers Foundation
Green Bay, WI
The Green Bay Packers Foundation funds Wisconsin charities working in areas such as families, athletics, children’s safety and education, animal welfare, and other focus areas that vary by year. Its 2026 announcement describes typical awards of $3,000–$8,000, though some grants are larger; it accepts online applications during its stated cycle, February 2–April 1, 2026.
Assets
—
Grants
530
Total Given
$3.6M
Community Foundation for the Fox Valley Region Inc
Appleton, WI
The Community Foundation for the Fox Valley Region funds public charities and public entities across areas including arts and culture, education, health, human services, community improvement, and the environment, with many grants focused on the Fox Valley. Its 2024 grants ranged from $5,073 to $5,841,877, with a median of $24,900; some funds accept applications through the grant portal, while others are donor-directed or invitation-only.
Assets
$536.6M
Grants
448
Total Given
$32.4M
Mufg Union Bank Foundation Ag
Milwaukee, WI
The foundation funded affordable housing, community economic development, education, human services, and environmental work, particularly expanding economic opportunity in low- and moderate-income communities; its grants supported organizations in multiple regions, including California, the Pacific Northwest, and elsewhere. Recent grants ranged from about $43,000 to $200,000, though its 2023 final return reported no grants. It gave only to preselected organizations and did not accept unsolicited requests.
Assets
$5.8M
Grants
441
Total Given
$8.5M
United Way of Greater Milwaukee & Waukesha County Inc
Milwaukee, WI
United Way of Greater Milwaukee & Waukesha County funds local human services and community programs focused on housing stability, digital access, employment, teen mental wellness, and community resilience. Its 2025 grants ranged from $5,000 to about $2 million, with a median of about $34,000, and most funding went to Wisconsin, especially its four-county region. It requires a Letter of Intent before a full application; the listed 2026–27 Letter of Intent deadline has passed.
Assets
$50.8M
Grants
639
Total Given
$42.7M
Ab Nicholas Scholarship Foundation
Mequon, WI
The foundation provides need-based scholarships to Wisconsin high school seniors who played on or managed their school’s basketball team and will attend a University of Wisconsin System institution. Its 2025 awards ranged from $5,000 to $25,000, with a median of $10,000; four-year awards are $10,000 per year and may be renewed. Students apply online during the February 1–April 30 application period; unsolicited requests are not addressed.
Assets
$56.9M
Grants
445
Total Given
$3.5M
Kelben Foundation Inc
Milwaukee, WI
The foundation supports social services, scholarships and college access, health services, and animal welfare, with nearly all 2024 grant dollars going to Wisconsin. Its 2024 grants had a median of $1,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
—
Grants
417
Total Given
$4.9M
Give Back Foundation
Madison, WI
Give Back Foundation distributes donor-designated contributions through workplace giving and other giving platforms to selected 501(c)(3) charities, rather than setting its own cause areas. In 2025, grants had a median of $9,066, with recipient organizations concentrated in Virginia, California, and Washington, D.C.; it does not accept unsolicited requests or work directly with charities.
Assets
$31.3M
Grants
639
Total Given
$40.1M
More Funders in Wisconsin
Riverworks Development Corporation down — hundreds of funders to go?