Overview
What is Reach Riverside Development Corp?
Reach Riverside Development Corp is a nonprofit organization based in Wilmington, Delaware, committed to holistic community revitalization. Their primary focus is on four key areas: housing, education, community health, and economic vitality. In housing, they aim to construct approximately 700 units of high-quality, mixed-income housing to enhance living standards and provide affordable housing for residents. For education, they promise to deliver a high-quality education pipeline, from cradle to college, fostering growth and opportunities for success. In terms of community health, they plan to establish a comprehensive health, wellness, and safety program to cater to the diverse needs of the community, including mental health support, financial literacy, and youth engagement. Lastly, they strive for a strong commercial core to foster neighborhood prosperity and residents' economic advancement. Their mission is to alleviate intergenerational poverty caused by structural racism by transforming the historic Riverside neighborhood in Northeast Wilmington into a healthy and vibrant place to live and thrive. With a team of 18 dedicated individuals, Reach Riverside Development Corp is dedicated to improving the well-being of the Riverside neighborhood community.
Official website here: www.reachriverside.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star Rating
Reach Riverside Development Corp earned a solid Three-Star rating from Charity Navigator, reflecting strong performance in its accountability and financial practices. The organization showcases a commendable commitment to transparency, with 100% of board members being independent and a good track record in financial management, including a low liabilities to assets ratio and a high program expense ratio of 90%.
The organization excels in collecting and utilizing feedback, scoring perfectly in areas related to community engagement and equity strategies. This indicates a strong alignment with the needs of its constituents and a commitment to effective service delivery. However, some important governance policies are lacking, specifically the absence of a whistleblower policy and a document retention policy, which points to potential areas for improvement in organizational practices.
Overall, while the strong financial indicators and high community engagement scores highlight Reach Riverside Development Corp's strengths, addressing governance gaps could enhance its credibility and operational effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Reach Riverside Development Corp?
100% of six reviewers on Facebook recommend Reach Riverside Development Corp. Here is a summary of their reviews:
The organization is praised for its impactful outreach efforts aimed at uplifting a specific segment of the community. Reviewers express their support and admiration for the initiative, indicating a strong belief in its mission and commitment to making a positive difference in Riverside. Overall, the sentiment reflects a high level of satisfaction with the nonprofit's goals and activities.
This AI summary has been generated from reviews found on Facebook.
Is Reach Riverside Development Corp legitimate?
Reach Riverside Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Riverside Development Corp 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $504,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,378
For more financial information, click here
Official website here: www.reachriverside.org
What is the mission statement of Reach Riverside Development Corp?
Reach Riverside Development Corp's mission is centered around alleviating intergenerational poverty caused by structural racism. They aim to transform a historic neighborhood into a vibrant, healthy community where individuals can thrive. As a member of the Purpose Built Communities Network, the organization focuses on four pillars of revitalization, including building high-quality, mixed-income housing, providing access to excellent education from cradle to college, promoting community health and well-being, and fostering economic vitality. Their strategies aim to improve the standard of living, ensure opportunities for success, and create a thriving commercial core.
Official website here: www.reachriverside.org
Who is the CEO of Reach Riverside Development Corp?
Laura Mood is the Chair of Reach Riverside Development Corp. The CEO's salary of Reach Riverside Development Corp is $174,054 and their total compensation is $174,054.
Official website here: www.reachriverside.org
What is the revenue of Reach Riverside Development Corp?
Reach Riverside Development Corp's revenue in 2022 was $5,546,972.
Official website here: www.reachriverside.org
Who are the executives of Reach Riverside Development Corp and what are their salaries?
The average compensation at Reach Riverside Development Corp during 2022 was $54,262. There are 18 employees and 125 volunteers at Reach Riverside Development Corp.
Here are 16 key members and their salaries (Reach Riverside Development Corp's CEO's salary is $174,054 and their total compensation is $174,054):
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Official website here: www.reachriverside.org
Where can I find the form 990 for Reach Riverside Development Corp?
Reach Riverside Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachriverside.org
Learn more at the official website: www.reachriverside.org
Mission Statement of Reach Riverside Development Corp
Reach Riverside Development Corp, a member of the Purpose Built Communities Network, aims to alleviate intergenerational poverty caused by structural racism. The organization seeks to transform Northeast Wilmington's historic Riverside neighborhood into a thriving, healthy community for its residents. To achieve this, Reach Riverside focuses on four key areas: redevelopment, education, community health, and economic vitality.
In terms of redevelopment, Reach Riverside is committed to constructing approximately 700 high-quality, mixed-income housing units. This initiative aims to improve the living standards of the Riverside neighborhood residents, providing them with safe and affordable housing.
Education is another crucial aspect of Reach Riverside's mission. The organization promises to deliver a high-quality education pipeline, from early childhood to college, ensuring growth and achievement at every level. This commitment is designed to enhance opportunities for successful futures.
Community health is also a priority for Reach Riverside. The organization plans to create a comprehensive health, wellness, and safety program to cater to 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, the program aims to support residents in maintaining a healthy lifestyle.
Lastly, Reach Riverside focuses on economic vitality. A strong commercial core is essential for neighborhood prosperity and residents' economic advancement, offering opportunities for meaningful work and wealth building. Reach Riverside employs a dual-pronged strategy to support opportunities across income levels, ensuring an abundant supply of local resources and participation in a thriving economy.
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Impact
July, 2024
Reach Riverside Development Corp's impact can be seen in its efforts to transform Northeast Wilmington's historic Riverside neighborhood into a healthy, vibrant place to live and thrive. By focusing on redevelopment, education, community health, and economic vitality, Reach Riverside aims to elevate the standard of living for residents, provide access to excellent education, promote community health, and stimulate economic growth. These initiatives not only address the immediate needs of the community but also work towards breaking the burdens of intergenerational poverty caused by structural racism. Through these comprehensive strategies, Reach Riverside is making a significant and lasting impact on the well-being and prosperity of the Riverside neighborhood in Wilmington, Delaware.
This information is meant to be a general summary of Reach Riverside Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $147,445
- Gross Receipts: $5,546,972
Assets and Liabilities:
- Total Assets: $33,136,480
- Total Liabilities: $538,551
- Net Assets: $32,597,929
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Organization Details
Founding Year
2017
Phone
(302) 764-9022Principal Officer
Laura Mood
Main Address
1121 THATCHER STREET, WILMINGTON, DE, 19802
Website
www.reachriverside.orgNTEE Category
Code: L20 - Housing
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