Delaware River Waterfront Corporation

Community development organization based in Philadelphia, PA. 313 employees. Exempt under §501(c)(3).

MissionDRWC'S MISSION IS TO MAINTAIN AND PROMOTE THE USE AND DEVELOPMENT OFTHE CITY OF PHILADELPHIA'S CENTRAL WATERFRONT. THIS TASK IS OF VITALIMPORTANCE TO THE CITY AND ONE WHICH THE CITY WOULD OTHERWISE BEREQUIRED TO PERFORM ITSELF ABSENT THE DRWC.

Financial snapshot · TY 2023

$17.5M
Total revenue
$17.8M
Total expenses
$60.5M
Net assets

Financial health · TY 2023

67
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
44
7.9 months of expenses
Program efficiency
74
79.7% spent on programs
Revenue diversity
98
Mix of program fees, grants & contributions

Leadership compensation

Joseph Forkin
PRESIDENT
$336,849
78th percentile vs. peers
Jodie Milkman
EXECUTIVE VICE PRESIDENT
$245,857
88th percentile vs. peers
Larry Bell
CHIEF FINANCIAL OFFICER
$183,680
71th percentile vs. peers
Elizabeth Woods
VICE PRESIDENT, OPERATIONS
$150,546
88th percentile vs. peers
Lavelle Young
VICE PRESIDENT, OPERATIONS
$143,750
88th percentile vs. peers

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