DELAWARE RIVER CITY CORPORATION

EIN: 202231228 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$4,094,315
Total Expenses
$4,960,863
Total Assets
$2,925,664
Net Assets
$1,380,480
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
PA
Principal Officer
MICHAEL MATTIONI
Phone
2154258350
Tax Period
2024-07-01 to 2025-06-30

DELAWARE RIVER CITY CORPORATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

DESIGN AND BUILD AN 11-MILE GREENWAY ON THE NORTH DELAWARE RIVER WITH THE CITY OF PHILADELPHIA AND ACTIVATE THE GREENWAY WITH OUR COMMUNITY THROUGH VOLUNTEERISM AND OUTDOOR RECREATION AND NATURE PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,145,176
Program Service Revenue $2,899,728
Investment Income $21,869
Other Revenue $27,542
TOTAL REVENUE $4,094,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $673,525
Fundraising Expenses $77,770
Program Expenses $4,601,447
Other Expenses $4,287,338
TOTAL EXPENSES $4,960,863

Year-over-Year Comparison

2024 2023 Change
Revenue $4,094,315 $4,552,583 -0.1%
Expenses $4,960,863 $4,885,870 +0.0%
Net Income $-866,548 $-333,287 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
15
Volunteers
350

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$127,973
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MATTIONI ESQ CHAIR 1.00
Officer Director
$0 $0 $0
ASHLEY DE VRIES VICE CHAIR 4.00
Officer Director
$0 $0 $0
KAREN WOLD TREASURER 2.00
Officer Director
$0 $0 $0
DANA RUSSIKOFF SECRETARY 10.00
Officer Director
$0 $0 $0
JAMES ANDERSON MEMBER 1.00
Director
$0 $0 $0
MAGGIE BORSKI MEMBER 1.00
Director
$0 $0 $0
DUANE BUMB MEMBER 1.00
Director
$0 $0 $0
CHRIS CREELMAN EX-OFFICIO 1.00
Director
$0 $0 $0
JOE FORKIN MEMBER 1.00
Director
$0 $0 $0
ALTORO HALL EX-OFFICIO 1.00
Director
$0 $0 $0
DANIELLE HANKIN MEMBER 1.00
Director
$0 $0 $0
GINA LAVERY MEMBER 1.00
Director
$0 $0 $0
SEAN NULL MEMBER 1.00
Director
$0 $0 $0
JOSEPH SLABINSKI MEMBER 1.00
Director
$0 $0 $0
KEITH XIAO MEMBER 1.00
Director
$0 $0 $0
STEVE YINGLING MEMBER 1.00
Director
$0 $0 $0
MARIDARLYN GONZALEZ MEMBER 1.00
Director
$0 $0 $0
JIM THACKRAY MEMBER 1.00
Director
$0 $0 $0
STEPHANIE PHILLIPS EXECUTIVE DIRECTOR 40.00
Officer
$119,500 $8,473 $127,973
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,094,315 $4,960,863 $2,925,664 $-866,548
2024 $4,552,583 $4,885,870 $2,547,732 $-333,287
2023 $838,206 $1,162,201 $2,700,651 $-323,995
2022 $1,145,332 $1,049,878 $3,041,710 $95,454
2021 $857,488 $1,009,032 $3,076,535 $-151,544
2020 $1,138,303 $821,567 $3,223,278 $316,736
2019 $3,123,169 $1,191,950 $2,879,666 $1,931,219
2018 $1,375,244 $1,799,057 $1,107,885 $-423,813
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