Charity Navigator Logo
    Sign in Nonprofit Resources Support Charity Navigator
    Charity Navigator Logo

    Error attempting donation

    You're too fast!

    Your donation attempt encountered a problem. Please refresh the page to try again.

    You're faster than our page! Give the page a little longer to finish loading and try your donation again.

    Delaware River Waterfront Corporation
    Proceed with Increased Caution
    Impact & Measurement
    Accountability & Finance
    Culture & Community
    Leadership & Adaptability

    Delaware River Waterfront Corporation

     
    Is this your nonprofit?
    501(c)(3) organization
    Donations are tax-deductible
    WWW.DELAWARERIVERWATERFRONT.COM
    121 N COLUMBUS BLVD
    Philadelphia PA 19106-1403

    Philadelphia PA | IRS ruling year: 2009 | EIN: 23-1734559  
    An EIN is a unique nine-digit number that identifies a business for tax purposes.
     
    Organization Mission
    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 ON ... (More)
     

    Rating Information

    rating
    Good

    This charity's score is 81%, earning it a Three-Star rating.

    This overall score is calculated entirely from a single beacon score, weighted as follows: 100% Accountability & Finance. Learn more about our criteria and methodology.

    Historical Ratings
    Proceed with Increased Caution—Confirmed Embezzlement

    On February 4, 2022, The Philadelphia Inquirer reported on a material diversion of assets confirmed to have taken place at [CHARITY NAME] in an article titled, "An ex-bookkeeper for the Delaware River waterfront agency admitted to stealing $2.6M to gamble and go on vacation." For more information regarding this matter, please see The Philadelphia Inquirer article.

    • On April 27, 2021, The Philadelphia Inquirer published an article titled "An ex-bookkeeper for the Delaware River waterfront agency stole $2.6M to fund her gambling and vacations, feds say." For more information, please see The Philadelphia Inquirer article
    • On June 28, 2022, The Department of Justice published an article titled "Former Bookkeeper Sentenced to Over Four Years For Stealing $2.6 Million from DRWC." For more information, please see The Department of Justice article

    For more information about our alerts methodology, see here.

    Rating Report

    Accountability & Finance
    Score

    81

    Most Recent Fiscal Year:
    FY 2022
    This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.
    Learn more

    Key Accountability Metrics

    Full Credit
    Partial Credit
    No Credit
    Majority Independent Board Members - 100% independent members
    8 out of 8 points
    Independent Board Size - 16 independent members
    7 out of 7 points
    Financial Statements - Audit and Oversight Committee
    15 out of 15 points
    Material Diversion of Assets - None
    10 out of 10 points

    Tax Form Disclosures and Policies

    Full Credit
    Partial Credit
    No Credit
    Website Listed on Tax Form - Listed
    2 out of 2 points
    Conflict of Interest Policy - Listed
    4 out of 4 points
    Whistleblower Policy - Listed
    4 out of 4 points
    Document Retention and Destruction - Listed
    4 out of 4 points
    Documents Board Meeting Minutes - Yes
    2 out of 2 points

    Website Disclosures

    Full Credit
    Partial Credit
    No Credit
    Tax Form Posted on Nonprofit's Website - Missing
    0 out of 4 points

    Financial Metrics

    Full Credit
    Partial Credit
    No Credit
    Liabilities to Assets: Ratio - 77.63%
    0 out of 15 points
    Program Expense: Ratio - 90.76%
    25 out of 25 points

    Additional Information

    Total Revenue and Expenses - Data Available
    Salary of Key Persons - Data Available
    IRS Published Data (Business Master File) - Data Available
    Data Sources (IRS Forms 990) - Data Available