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DRWC'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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$17.5M
Program Spending
80%
of total expenses go to program services
Total Contributions
$6.4M
Total Expenses
▼$17.8M
Total Assets
$60.5M
Total Liabilities
▼$48.8M
Net Assets
$11.7M
Officer Compensation
→$1.1M
Other Salaries
$3.7M
Investment Income
$513.8K
Fundraising
▼$276K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.1M
Awards Found
3
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Housing and Urban Development | ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS | $1M | FY2023 | Feb 2023 – Aug 2031 | Open → |
| National Endowment for the Arts | TO SUPPORT THE COLUMBIA AVENUE CONNECTOR PUBLIC ART PROJECT. | $60K | FY2013 | Sep 2013 – Aug 2015 | Open → |
| Department of Commerce | PIER 9 REUSE MKT STUDY | $40K | FY2013 | Aug 2013 – Feb 2015 | Open → |
Department of Housing and Urban Development
$1M
ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS
National Endowment for the Arts
$60K
TO SUPPORT THE COLUMBIA AVENUE CONNECTOR PUBLIC ART PROJECT.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2017 | Clean | Unmodified (Clean) | $951.4K | No | 2018-01-29 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$951.4K
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $17.5M | $6.4M | $17.8M | $60.5M | $11.7M |
| 2022IRS e-File | $18.5M | $5M | $17.4M | $52.8M | $9.1M |
| 2021 | $24.9M | $15.6M | $25M | $26.6M | $6.8M |
| 2020 | $25.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Joseph Forkin | President | 40 | $276.4K | $0 | $60.4K | $336.8K |
| Larry Bell | Chief Financial Officer | 40 | $159K | $0 | $24.7K | $183.7K |
| Jay R Goldstein | Board Chairman/treasurer | 1 | $0 | $0 | $0 | $0 |
| Obra Kernodle Iv | Board Vice Chairman | 1 | $0 | $0 | $0 | $0 |
| Bill Hankowsky | Secretary | 1 | $0 | $0 | $0 | $0 |
Joseph Forkin
President
$336.8K
Hrs/Wk
40
Compensation
$276.4K
Related Orgs
$0
Other
$60.4K
Larry Bell
Chief Financial Officer
$183.7K
Hrs/Wk
40
Compensation
$159K
Related Orgs
$0
Other
$24.7K
Jay R Goldstein
Board Chairman/treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Obra Kernodle Iv
Board Vice Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Bill Hankowsky
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jodie Milkman | Executive Vice President | 40 | $190K | $0 | $55.9K | $245.9K |
| Elizabeth Woods | Vice President, Operations | 40 | $127.4K | $0 | $23.1K | $150.5K |
| Lavelle Young | Vice President, Operations | 40 | $120.5K | $0 | $23.2K | $143.8K |
Jodie Milkman
Executive Vice President
$245.9K
Hrs/Wk
40
Compensation
$190K
Related Orgs
$0
Other
$55.9K
Elizabeth Woods
Vice President, Operations
$150.5K
Hrs/Wk
40
Compensation
$127.4K
Related Orgs
$0
Other
$23.1K
Lavelle Young
Vice President, Operations
$143.8K
Hrs/Wk
40
Compensation
$120.5K
Related Orgs
$0
Other
$23.2K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alba Martinez | Director | 1 | $0 | $0 | $0 | $0 |
| Angela Val | Director | 1 | $0 | $0 | $0 | $0 |
| Avi D Eden | Director | 1 | $0 | $0 | $0 | $0 |
| Bill Wilson | Director | 1 | $0 | $0 | $0 | $0 |
| Diane Dalto Woosnam | Director | 1 | $0 | $0 | $0 | $0 |
| Donn G Scott | Director | 1 |
Alba Martinez
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Angela Val
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Avi D Eden
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $11.3M |
| $23.9M |
| $34.8M |
| $6.9M |
| 2019 | $23.8M | $11.1M | $24.9M | $24.9M | $5.2M |
| 2018 | $21.8M | $8.5M | $21.8M | $26.1M | $6.3M |
| 2017 | $18.2M | $5.4M | $18.6M | $24.1M | $6.3M |
| 2016 | $21.6M | $9M | $22.1M | $20.9M | $6.7M |
| 2015 | $17.8M | $6.8M | $18.6M | $21.6M | $7.2M |
| 2014 | $14M | $6.1M | $14.3M | $17.3M | $8M |
| 2013 | $11.7M | $4.7M | $12.4M | $17.2M | $8.3M |
| 2012 | $12.7M | $4.7M | $12.8M | $21.6M | $8.9M |
| 2011 | $18.8M | $11.2M | $19.1M | $22.7M | $9.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Ellen Yin | Director | 1 | $0 | $0 | $0 | $0 |
| John Mondlak | Director | 1 | $0 | $0 | $0 | $0 |
| Marilyn Jordan Taylor | Director | 1 | $0 | $0 | $0 | $0 |
| Mario Zacharjasz | Director | 1 | $0 | $0 | $0 | $0 |
| Matt Ruben | Director | 1 | $0 | $0 | $0 | $0 |
| Michael Diberardinis | Director | 1 | $0 | $0 | $0 | $0 |
| Michael Hauptman | Director | 1 | $0 | $0 | $0 | $0 |
Bill Wilson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Diane Dalto Woosnam
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Donn G Scott
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ellen Yin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Mondlak
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marilyn Jordan Taylor
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mario Zacharjasz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Matt Ruben
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Diberardinis
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Hauptman
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0