WILMINGTON, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO BREAK THE BURDENS OF INTERGENERATIONAL POVERTY CAUSED BY STRUCTURAL RACISM BY WORKING ALONGSIDE THE COMMUNITY TO TRANSFORM NORTHEAST WILMINGTON'S HISTORIC RIVERSIDE NEIGHBORHOOD INTO A HEALTHY VIBRANT PLACE TO LIVE AND THRIVE.
AS A MEMBER OF THE PURPOSE BUILT COMMUNITIES NETWORK, A NATIONALLY REOWNED ORGANIZATION DEDICATED TO HOLISTIC COMMUNITY REDEVELOPMENT, REACH RIVERSIDE FOCUSES ON THE FOUR PILLARS OF REVITALIZATION...
AS A MEMBER OF THE PURPOSE BUILT COMMUNITIES NETWORK, A NATIONALLY REOWNED ORGANIZATION DEDICATED TO HOLISTIC COMMUNITY REDEVELOPMENT, REACH RIVERSIDE FOCUSES ON THE FOUR PILLARS OF REVITALIZATION SHOWN TO HAVE THE GREATEST IMPACT ON LONG-TERM COMMUNITY HEALTH AND WELL-BEING. REDEVELOPMENT - REACH RIVERSIDE IS COMMITTED TO BUILDING APPROXIMATELY 700 UNITS OF HIGH-QUALITY, MIXED-INCOME HOUSING THAT WILL ELEVATE THE STANDARD OF LIVING FOR RIVERSIDE NEIGHBORHOOD RESIDENTS AND PROVIDE THE SAFE AND AFFORDABLE HOUSING RESIDENTS DESERVE.EDUCATION - ACCESS TO EXCELLENT EDUCATION IS A MUST FOR ANY PROSPEROUS COMMUNITY. THE REACH RIVERSIDE PROMISE IS TO DELIVER A HIGH-QUALITY EDUCATION PIPELINE FROM CRADLE TO COLLEGE TO ENSURE GROWTH AND ACHIEVEMENT AT EVERY LEVEL, ENHANCING OPPORTUNITIES FOR SUCCESSFUL FUTURES.COMMUNITY HEALTH - A HEALTHY COMMUNITY IS THE FOUNDATION OF A THRIVING COMMUNITY, AND THE REACH RIVERSIDE PROMISE INCLUDES THE CREATION OF A COMPREHENSIVE HEALTH, WELLNESS, AND SAFETY PROGRAM TO MEET THE DIVERSE NEEDS OF THE RIVERSIDE RESIDENTS. FROM NEW SIDEWALKS AND PLAYGROUNDS TO MENTAL HEALTH SUPPORT, FINANCIAL LITERACY, YOUTH ENGAGEMENT, AND A LOCAL GROCERY STORE, RESIDENTS WILL HAVE THE SUPPORT NEEDED FOR A HEALTHY LIFESTYLE.ECONOMIC VITALITY - A STRONG COMMERCIAL CORE FOSTERS NEIGHBORHOOD PROSPERITY AND RESIDENTS' ECONOMIC ADVANCEMENT, OFFERING OPPORTUNITIES FOR MEANINGFUL WORK AND WEALTH BUILDING. A DUAL-PRONGED STRATEGY SUPPORTING OPPORTUNITIES ACROSS INCOME LEVELS ENSURES ABUNDANT LOCAL RESOURCES AND PARTICIPATION IN A THRIVING ECONOMY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare REACH RIVERSIDE DEVELOPMENT CORP with other nonprofits in Delaware and across the country.