Riverworks Development Corporation FY2024 filing

Tax-deductible

Milwaukee, WI501(c)(3)Since 1992Community DevelopmentEIN 39-1731739

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Riverworks Development Corporation (rdc) drives social and economic Development by aligning residents and businesses with specialized resources that strengthen harambee, riverwest and surrounding communities.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $372K a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.2M
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+4% vs prior year
Spent
$2.6M
To programs
84%
Net assets
$4.2M
By yearFY2020–FY2025
Revenue
$2.9M
FY2024▲ +4%
Revenue by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$2.5M
FY2023$2.8M
FY2024$2.9M
FY2025$2.4M
Expenses
$2.6M
FY2024▲ +15%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$2.0M
FY2023$2.3M
FY2024$2.6M
FY2025$2.1M
Net assets
$4.2M
FY2024▲ +8%
Net assets by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$3.3M
FY2023$3.9M
FY2024$4.2M
FY2025$4.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1993.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.2M Management & general 11% · $280K Fundraising 5% · $141K

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

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Who runs it and what they're paid

14 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$108,597Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Darryl Johnson’s $115K as Executive Director is at the 27th percentile of top reported officer pay among 2832 $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 · 1 named individual · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Darryl Johnson$114,581$108,597$113,927$115,859$107,306

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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Programs and updates

Boosts economic prosperity by offering resources for residents and businesses, especially in Riverworks neighborhoods.

Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2023
01

Neighborhood Development

Collaborates with residents and other stakeholders to create a vibrant community that reflects the culture and values of the harambee and riverwest neighborhoods. This includes activating and revitalizing public spaces with art and culture, facilitating community improvement and safety projects, and connecting residents and homeowners to…

$432Kprogram expense
02

Financial Clinic

Provides innovative solutions to help families, individuals and small businesses reach their full potential by increasing credit scores, building wealth, and learning new ways to achieve short and long-term financial goals.

$410Kprogram expense
03

Business Development Hub

Provides technical assistance to local entrepreneurs and businesses. Our business specialists provide business coaching and strategic budgeting sessions to help find funding and grant opportunities that fit their needs.

$239Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $125K · 2020–2023
Individual RecipientFY2023$75,000
Ambition Center MkeFY2023$7,116
Unitemized GrantFY2021$25,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$10,000
Unitemized GrantFY2020$2,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$638K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$280K
Fundraisingcol D$141K
Owns and owesPt X
$4.2M
net assets · Ln 32
Total assetsLn 16$7.4M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$638K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
Total assetsLn 16$7.4M
LiabilitiesLn 26$3.2M
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 529
VolunteersI 680
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.4M$2.1M$239K$4.4M 990 PDF
FY2024 Viewing $2.9M$2.6M$310K$4.2M 990 PDF
FY2023 $2.8M$2.3M$557K$3.9M 990 PDF
FY2022 $2.5M$2.0M$517K$3.3M 990 PDF
FY2021 $1.8M$1.7M$106K$2.8M 990 PDF
FY2020 $2.0M$1.5M$504K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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