Schuylkill River Development Corporation
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Revitalizes the river corridor, connecting neighborhoods and encouraging investment. For fiscal year 2025 it reported $2.0M in revenue, $1.7M in expenses, and $9.9M in net assets.Pt I
Summary of the Filing
Where the work happens
Capital Projects
Goal is to promote and assist in the creation of a public park, trail and greenway along the banks of the tidal schuylkill river in the city of philadelphia.
Maintenance Program
SRDC has an agreement with philadelphia parks and recreation to share certain maintenance responsibility for schuylkill banks. This public-private partnership lessens the burden on government and increases the level of upkeep on schuylkill banks. This in turn makes the site more attractive and valuable from a quality of life standpoint.
Community Programming
Another SRDC goal is to enliven schuylkill banks and strengthen neighborhood connections by creating attractions and destinations along the trail and greenway. This is done partially through public programming, such as outdoor movies, river tours and other special events.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Joseph R Syrnick’s $230K as President/CEO is at the 75th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Joseph R Syrnick | $230,000 | $230,000 | $227,101 | $209,202 | $209,202 | $206,155 |
| Blaise Syrnyck | $107,500 | $101,563 | — | — | — | — |
| Heather Saeger | $102,500 | $85,625 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 71% | — | — |
| Overhead ratio | 16% | — | — |
| Fundraising cost ratio | 13% | — | — |
| Revenue growth | -3% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 1% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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