REACH RIVERSIDE DEVELOPMENT CORP (EIN 821401986) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

LAURA MOOD

Phone

3027649022

Tax Period

2023-01-01 to 2023-12-31

REACH RIVERSIDE DEVELOPMENT CORP, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 50% operating margin.

Mission

TRANSFORM NORTHEAST WILMINGTON'S HISTORIC RIVERSIDE INTO A HEALTHY VIBRANT PLACE TO LIVE & THRIVE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,816,073

Program Service Revenue $0

Investment Income $1,471,784

Other Revenue $0

TOTAL REVENUE $10,287,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,312,074

Fundraising Expenses $210,246

Program Expenses $4,268,400

Other Expenses $3,805,069

TOTAL EXPENSES $5,117,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,287,857	$5,546,972	+0.9%
Expenses	$5,117,143	$4,639,336	+0.1%
Net Income	$5,170,714	$907,636	+4.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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

$558,273

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES S MCDOWELL ESQ	CHAIR	30.00	Officer Director	$0	$0	$0
PERRY BEBERMAN	TREASURER	2.00	Director	$0	$0	$0
STEPHEN BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
DONALD FULTON	DIRECTOR	1.00	Director	$0	$0	$0
RAY FITZGERALD	DIRECCTOR	1.00	Director	$0	$0	$0
CHIP ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
SONIA PAREDES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RAY RHODES	VICE CHAIR	10.00	Officer Director	$0	$0	$0
DIONNA J SARGENT	DIRECTOR	1.00	Director	$0	$0	$0
JOCELYN STEWART	DIRECTOR	2.00	Director	$0	$0	$0
SHERRY DORSEY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN L SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BETTINA TWEARDY RIVEROS	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN HERRING	CHIEF EXECUTIVE OFFICER	40.00	Officer	$182,344	$0	$182,344
KENYETTA MCCURDY - BYRD	CHIEF OPERATING OFFICER	40.00	Officer	$135,603	$0	$135,603
DAVID FORD	CHIEF COMMUNITY INVESTMENT	40.00	Officer	$120,883	$0	$120,883
LAURA MOOD	CHIEF FINANCIAL OFFICER	40.00	Officer	$119,443	$0	$119,443

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
2024	No data	No data	No data	No data
2023	$10,287,857	$5,117,143	$38,023,669	$5,170,714
2022	$5,546,972	$4,639,336	$33,136,480	$907,636
2021	$42,220,664	$15,356,885	$31,775,413	$26,863,779
2020	$4,546,690	$2,204,854	$4,900,055	$2,341,836
2019	$1,458,953	$521,465	$2,331,895	$937,488

REACH RIVERSIDE DEVELOPMENT CORP