Rwbid Management Company
- Assets
- $444.7k
- Revenue
- $623.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 51-0385409
Organization Overview
Rwbid Management Company is located in Wilmington, DE. The organization was established in 2001. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rwbid Management Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rwbid Management Company generated $623.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $583.1k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MAINTENANCE AND SECURITY SERVICES FOR THE ENJOYMENT AND PROTECTION OF THE GENERAL PUBLIC AND TO IMPROVE NEIGHBORHOOD CONDITIONS IN THE WILMINGTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RWBID CONTINUES TO IMPROVE AND MAINTAIN THE PHYSICAL ENVIRONMENT AND PROVIDE FOR PUBLIC SAFETY AND SECURITY ALONG THE CHRISTINA RIVER IN WILMINGTON, DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Pettinaro 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Michael Hare Secretary | OfficerTrustee | 0.5 | $0 |
Megan Mcglinchey Treasurer | OfficerTrustee | 0.5 | $0 |
Stephen Morrissey Executive Director | OfficerTrustee | 0.5 | $0 |
Joe Mcdonald Board Member | Trustee | 0.5 | $0 |
Scott Malfitano Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,999 |
| Total Program Service Revenue | $571,114 |
| Investment income | $1,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $623,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,391 |
| Insurance | $10,962 |
| All other expenses | $29 |
| Total functional expenses | $583,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,574 |
| Savings and temporary cash investments | $301,164 |
| Pledges and grants receivable | $49,999 |
| Accounts receivable, net | $8,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $444,712 |
| Accounts payable and accrued expenses | $33,748 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,748 |
| Net assets without donor restrictions | $410,964 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $444,712 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rwbid Management Company has recieved totaling $49,999.
| Awarding Organization | Amount |
|---|---|
Riverfront Development Corporation Of Delaware Wilmington, DE PURPOSE: GENERAL OPERATING COSTS | $49,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Linganore Association Inc New Market, MD | $10,199,975 | $5,995,596 |
Trustees Of New Castle Common New Castle, DE | $18,463,159 | $4,025,581 |
Laura E Price Briggs Estate 4042008-Te Pittsburgh, PA | $36,510,296 | $1,566,500 |
Hidden Valley Foundation Inc Hidden Valley, PA | $3,819,746 | $2,615,880 |
Hazelwood Initiative Inc Pittsburgh, PA | $12,916,299 | $2,940,670 |
Pennsylvania Apartment Association Bala Cynwyd, PA | $1,420,169 | $1,873,030 |
Community Associations Institute Freehold, NJ | $1,217,432 | $1,313,461 |
Long Reach Community Association Inc Columbia, MD | $852,759 | $852,995 |
Keystone Chapter Community Asso Int Conshohocken, PA | $663,340 | $858,524 |
Rwbid Management Company Wilmington, DE | $444,712 | $623,081 |
Columbia Town Center Residential Community Association Inc Columbia, MD | $466,497 | $568,193 |
River Hill Community Association Inc Clarksville, MD | $343,093 | $546,121 |