Detroit Riverfront Conservancy Inc.

Mission

THE DETROIT RIVERFRONT CONSERVANCY (DRFC), IS RESPONSIBLE FOR THE ESTABLISHMENT, IMPROVEMENT, OPERATION, MAINTENANCE, SECURITY, PROGRAMMING AND EXPANSION OF THE DETROIT RIVERWALK AND ASSOCIATED GREEN SPACES. THROUGH ITS PUBLIC/PRIVATE PARTNERSHIPS, THE DRFC WILL SUPPORT THE DEVELOPMENT OF THE RIVERFRONT DISTRICT AND FACILITATE COMMUNITY ACCESS TO THE WATERFRONT. THE DRFC WILL:- DEVELOP A COLLECTIVE SENSE OF OWNERSHIP, ACCESSIBILITY AND RESPONSIBILITY- ENHANCE DETROIT'S IMAGE TO EMPHASIZE ITS ICONIC, INTERNATIONAL RIVERFRONT- CREATE AND MAINTAIN AN INVITING DESTINATION FOR ALL

Proceed with Increased Caution — Confirmed Embezzlement

On November 16, 2024, CBS News reported on a material diversion of assets confirmed to have taken place at Detroit Riverfront Conservancy Inc. in an article titled, "Former Detroit Riverfront Conservancy CFO pleads guilty in $40M embezzlement scheme." For more information regarding this matter, please see CBS News article.

  • On June 5, 2024, ABC News published an article titled "Key figure at Detroit riverfront nonprofit charged with embezzling millions." For more information, please see ABC News article
  • On October 29, 2024, The Detroit News published an article titled "Ex-Detroit Riverfront CFO William Smith gets new date to plead guilty in $44M fraud case." For more information, please see The Detroit News article
  • On February 26, 2025, The Detroit News published an article titled "Prison sentencing delayed for corrupt ex-Detroit Riverfront CFO William Smith." For more information, please see The Detroit News article
  • On May 14, 2025, The Detroit News published an article titled "Corrupt former Detroit Riverfront CFO William Smith to appeal despite deal with feds." For more information, please see The Detroit News article

For more information about our alerts methodology, see here.

DETROIT MI | EIN: 30-0125283
501(c)(3) organization

Detroit Riverfront Conservancy Inc.

Mission

THE DETROIT RIVERFRONT CONSERVANCY (DRFC), IS RESPONSIBLE FOR THE ESTABLISHMENT, IMPROVEMENT, OPERATION, MAINTENANCE, SECURITY, PROGRAMMING AND EXPANSION OF THE DETROIT RIVERWALK AND ASSOCIATED GREEN SPACES. THROUGH ITS PUBLIC/PRIVATE PARTNERSHIPS, THE DRFC WILL SUPPORT THE DEVELOPMENT OF THE RIVERFRONT DISTRICT AND FACILITATE COMMUNITY ACCESS TO THE WATERFRONT. THE DRFC WILL:- DEVELOP A COLLECTIVE SENSE OF OWNERSHIP, ACCESSIBILITY AND RESPONSIBILITY- ENHANCE DETROIT'S IMAGE TO EMPHASIZE ITS ICONIC, INTERNATIONAL RIVERFRONT- CREATE AND MAINTAIN AN INVITING DESTINATION FOR ALL

Proceed with Increased Caution — Confirmed Embezzlement

On November 16, 2024, CBS News reported on a material diversion of assets confirmed to have taken place at Detroit Riverfront Conservancy Inc. in an article titled, "Former Detroit Riverfront Conservancy CFO pleads guilty in $40M embezzlement scheme." For more information regarding this matter, please see CBS News article.

  • On June 5, 2024, ABC News published an article titled "Key figure at Detroit riverfront nonprofit charged with embezzling millions." For more information, please see ABC News article
  • On October 29, 2024, The Detroit News published an article titled "Ex-Detroit Riverfront CFO William Smith gets new date to plead guilty in $44M fraud case." For more information, please see The Detroit News article
  • On February 26, 2025, The Detroit News published an article titled "Prison sentencing delayed for corrupt ex-Detroit Riverfront CFO William Smith." For more information, please see The Detroit News article
  • On May 14, 2025, The Detroit News published an article titled "Corrupt former Detroit Riverfront CFO William Smith to appeal despite deal with feds." For more information, please see The Detroit News article

For more information about our alerts methodology, see here.

DETROIT MI | EIN: 30-0125283
501(c)(3) organization

Beacon Report

  • Great
  • Good
  • Needs Improvement
  • Poor
  • Incomplete
  • Additional Information
Accountability Panel
ScoreMetric
100%
Website Reported on Tax Form:Yes
0%
No Material Diversion of Assets:No
0%
Financial Statements:No
100%
Audit Oversight Committee:Yes
100%
No Loans Reported To or From Officers:Yes
100%
Records Retention Policy:Yes
0%
Tax Form Disclosed on Website:No
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