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Delaware River Waterfront Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 231734559 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Delaware River Waterfront Corporation?

The Delaware River Waterfront Corporation (DRWC), located in Philadelphia, Pennsylvania, is a nonprofit organization committed to managing and developing the six-mile stretch of the Central Delaware River Waterfront. This area, defined by Oregon Avenue in the south and Allegheny Avenue in the north and from I-95 to the Delaware River, aims to transform into a vibrant destination for recreational, cultural, port/industrial, and commercial activities for Philadelphia's residents, workers, and visitors. DRWC's mission is crucial to the city as it would otherwise be the city's responsibility to maintain and promote the use of the central waterfront. The organization, with 224 employees, undertakes this task with dedication.


Official website here: www.delawareriverwaterfront.com

Is Delaware River Waterfront Corporation legitimate?

Delaware River Waterfront Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware River Waterfront Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $970,907
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,687,275

For more financial information, click here


Official website here: www.delawareriverwaterfront.com

What is the mission statement of Delaware River Waterfront Corporation?

The Delaware River Waterfront Corporation is committed to maintaining and promoting the use and development of Philadelphia's central waterfront. This essential task, which is vital to the city, would otherwise fall upon the city's shoulders. The organization focuses on the planning, design, development, and management of a six-mile stretch of the central Delaware River Waterfront in Philadelphia, from Oregon Avenue in the south to Allegheny Avenue in the north, and from I-95 to the Delaware River. Over time, DRWC aims to transform the central Delaware River Waterfront into a vibrant destination for recreational, cultural, port/industrial, and commercial activities for Philadelphia's residents, workers, and visitors. Through its efforts, the waterfront will offer a variety of activities for the enjoyment and enrichment of the community.


Official website here: www.delawareriverwaterfront.com

Who is the CEO of Delaware River Waterfront Corporation?

Larry Bell is the President of Delaware River Waterfront Corporation.


Official website here: www.delawareriverwaterfront.com

What is the revenue of Delaware River Waterfront Corporation?

Delaware River Waterfront Corporation's revenue in 2022 was $19,823,036.


Official website here: www.delawareriverwaterfront.com

Who are the executives of Delaware River Waterfront Corporation and what are their salaries?

The average compensation at Delaware River Waterfront Corporation during 2022 was $16,331. There are 224 employees and 16 volunteers at Delaware River Waterfront Corporation.

Here are 21 key members and their salaries:

    Joseph Forkin (President)
  • Compensation: $205,635
  • Related: $0
  • Other: $74,979

    • Jodie Milman (Executive Vice President)
  • Compensation: $169,093
  • Related: $0
  • Other: $55,981

    • Lavelle Young (Vice President, Operations)
  • Compensation: $103,976
  • Related: $0
  • Other: $23,362

    • Larry Bell (Chief Financial Officer)
  • Compensation: $103,846
  • Related: $0
  • Other: $14,874

    • Elizabeth Woods (Vice President, Operations)
  • Compensation: $94,846
  • Related: $0
  • Other: $18,060

    • Alan P Hoffmann (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay R Goldstein (Board Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane Dalto Woosnam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Diberardinis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Avi D Eden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Fadullon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William P Hankowsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Hauptman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Jordan Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Obra Kernodle Iv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne K Nadol (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Ruben (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donn G Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William L Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ellen Yin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mario Zacharjasz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.delawareriverwaterfront.com

    Where can I find the form 990 for Delaware River Waterfront Corporation?

    The Delaware River Waterfront Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.delawareriverwaterfront.com

    Learn more at the official website: www.delawareriverwaterfront.com

    Mission Statement of Delaware River Waterfront Corporation

    Delaware River Waterfront Corporation (DRWC) is a dedicated organization that plays a crucial role in maintaining and promoting the use and development of Philadelphia's central waterfront. This mission is of vital importance to the city, as it would otherwise require the city's resources to carry out this task.

    DRWC's primary objective is to transform the Central Delaware River Waterfront in Philadelphia into a vibrant destination for the recreational, cultural, port/industrial, and commercial activities of the city's residents, workers, and visitors. This six-mile stretch of waterfront, defined by Oregon Avenue in the south and Allegheny Avenue in the north, from I-95 to the Delaware River, is the focus of DRWC's efforts.

    The organization is committed to planning, designing, developing, and managing the Central Delaware River Waterfront. Its ultimate goal is to create an area that effectively attracts a diverse range of activities, making it an integral part of Philadelphia's urban life. DRWC's work is essential in enhancing the city's waterfront, bringing it to life with activities that cater to various interests and needs.

    Impact

    This information is meant to be a general summary of Delaware River Waterfront Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Delaware River Waterfront Corporation plays a vital role in maintaining and promoting the development of Philadelphia's central waterfront. By focusing on the planning, design, development, and management of the six-mile stretch along the central Delaware River, DRWC aims to transform this area into a vibrant destination for recreational, cultural, port/industrial, and commercial activities. Its impact is seen in the ongoing revitalization efforts that enhance the quality of life for Philadelphia's residents, workers, and visitors, ultimately contributing to the overall improvement of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $281,770
  • Program Service Revenue: $11,618,049
  • Gross Receipts: $19,857,498

    • Assets and Liabilities:
  • Total Assets: $138,544,770
  • Total Liabilities: $107,558,919
  • Net Assets: $30,985,851
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $9,483,191

    SERVICE REVENUE

    Revenue

    $2,134,858

    Organization Details

    Founding Year

    1970

    Principal Officer

    Larry Bell

    Main Address

    121 N COLUMBUS BOULEVARD, PHILADELPHIA, PA, 19106

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Delaware River Waterfront Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.