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Riversedge Development Corporation

Not tax-deductible

Bay City, MI501(c)(4)Since 2007Community Development EIN 26-0819062Revenue $5K in FY2025Latest return filed Jun 15, 2026

On file with the IRSBay City, MITax-exempt since May 2008

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To sell the uptown at Riversedge property

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $2K a year · 65% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
46% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1026.1 mo
of spending, in cash
1026.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$5K
-25% vs prior year
Spent
$2K
To programs
46%
Net assets
$155K
By yearFY2020–FY2025
Revenue
$5K
FY2025▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$3K
FY2021$347
FY2022$1K
FY2023$5K
FY2024$7K
FY2025$5K
Expenses
$2K
FY2025▼ -64%
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021$7K
FY2022$14K
FY2023$3K
FY2024$5K
FY2025$2K
Net assets
$155K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$167K
FY2021$160K
FY2022$148K
FY2023$150K
FY2024$152K
FY2025$155K

From the FY2025 Form 990 · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $828 Management & general 54% · $989

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Eggers
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Rowley
Director
$0Pt VII · Sec A
Steven Black
President
$0Pt VII · Sec A
Mike Stodolak
Secretary/Treasurer
$0Pt VII · Sec A
Karl Schwartz
Vice President
$0Pt VII · Sec A
Todd Gregory
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Riversedge Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sells the Uptown at Riversedge property.

Questions for Riversedge Development Corporation

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1 program · $828 · in their own filed words · FY2025
01

To faciliate the sale of the uptown at riversedge property

$828program expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5K
Ln 12
Investment incomeLn 3$5K
Money outPt IX
$2K
Ln 25
Programscol B$828
Managementcol C$989
Owns and owesPt X
$155K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$147K
Cash and savings togetherLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$0
Net assetsLn 32$155K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$152K$155K
Total assetsLn 16$152K$155K
LiabilitiesLn 26$0$0
Net assetsLn 32$152K$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$550$550
Advertising and promotionLn 12$500$500
Office expensesLn 13$20$20
InsuranceLn 23$419$419
Other expenses (24a–d)Ln 24$328$328
Total functional expensesLn 25$2K$828$989$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jun 15, 2026 $5K$2K$3K$155K 990 PDF
FY2024Filed with the IRS May 5, 2025 $7K$5K$2K$152K 990 PDF
FY2023Filed with the IRS May 21, 2024 $5K$3K$3K$150K 990 PDF
FY2022Filed with the IRS Sep 15, 2023 $1K$14K−$12K$148K 990 PDF
FY2021Filed with the IRS Feb 28, 2022 $347$7K−$6K$160K 990 PDF
FY2020Filed with the IRS Jun 2, 2021 $3K$6K−$3K$167K 990 PDF

Schedules filed Part IV

O · Explanations
See the full FY2025 990
Part I · Summary $5,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,797$5,098
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,797$5,098
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,074$1,817
I-18 Total expensesPrior year $5,074$1,817
I-19 Revenue less expensesPrior year $1,723$3,281
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $5,098 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $5,098$5,098
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,098$5,098
Part IX · Statement of functional expenses $1,817 across 5 lines filed
IX-11c Accounting feesManagement $550$550
IX-12 Advertising and promotionPrograms $500$500
IX-13 Office expensesManagement $20$20
IX-23 InsuranceManagement $419$419
IX-24 Other expenses (24a–d)Programs $328$328
IX-25 Total functional expensesPrograms $828 · Management $989 · Fundraising $0$1,817
Part X · Balance sheet $155,367 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $10,241$8,424
X-2 Savings and temporary cash investmentsStart of year $141,845$146,943
X-16 Total assetsStart of year $152,086$155,367
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $152,086$155,367
X-32 Total net assets or fund balancesStart of year $152,086$155,367
X-33 Total liabilities and net assetsStart of year $152,086$155,367
Part XI · Reconciliation of net assets $155,367 net assets at year end
XI-1 Total revenue$5,098
XI-2 Total expenses$1,817
XI-3 Revenue less expenses$3,281
XI-4 Net assets at start of year$152,086
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$155,367

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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