LHousing & ShelterEIN: 821401986· Ruling Year: 2018

Reach Riverside Development Corporation

Wilmington, Delaware

B+Health Score
68B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

💰
$10.3M
Total Revenue
📊
$5.1M
Total Expenses
🏦
$37.6M
Net Assets
📋
$393K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+85.5%
Year-over-year change (2022 → 2023)
Net Margin
+50.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
7.35
Net assets divided by total expenses
Liabilities-to-Assets
1.0%
Total liabilities as % of total assets

Filing History

7 filings on record
YearRevenueExpensesAssets
2023$10,287,85785%$5,117,14310%$38,023,66915%
2022$5,546,97287%$4,639,33670%$33,136,4804%
2021$42,220,664829%$15,356,885597%$31,775,413548%
2020$4,546,690212%$2,204,854323%$4,900,055110%
2019$1,458,9536%$521,465331%$2,331,89575%
2018$1,375,0741733%$120,929$1,329,1451672%
2017$75,000$0$75,000

Frequently Asked Questions

What does Reach Riverside Development Corporation do?

Reach Riverside Development Corporation is a housing & shelter nonprofit organization based in Delaware. It is classified under NTEE code L20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Reach Riverside Development Corporation financially healthy?

Based on our 9-metric Financial Health Score model, Reach Riverside Development Corporation has a score of 68/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Reach Riverside Development Corporation generate?

Reach Riverside Development Corporation reports $3.8M in annual revenue and holds $37.9M in total assets, based on IRS filings.

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