Program areas at REDI
Economic Development activities including business recruitment, Development and business retention. Redi also manages incentive programs to encourage new business locations & existing business expansions in the city of Rockville.
The Maryland women's business center (mwbc), a program of redi, helps montgomery county's diverse population start and build successful women-owned enterprises that are positioned for long-term growth in our community. Mwbc conducts training, offers technical assistance, and provides resources for entrepreneurs seeking to start and grow women-owned enterprises in our community. Special initiatives include a childcare business Development program and retail incubator.
Grants made by REDI
| Grantee | Grant description | Grant year | Amount |
|---|
| Interfaith Works (IW) | Incentive Program Payment for Incentive Program That Redi Oversees. | 2023-06 | $40,000 |
Who funds Rockville Economic Development (REDI)
Grants from foundations and other nonprofits
Personnel at REDI
| Name | Title | Compensation | Date of data |
|---|
| Bill Tompkins | Chief Executive Officer , Mcedc | $0 | 2024-09-21 |
| Cindy Stewart Rivarde | Chief Executive Officer | | 2024-09-21 |
| G. Justin Yang | Chief Executive Officer and Co - Founder | | 2024-01-29 |
| Kelly Groff | President and Chief Executive Officer , Visit Montgomery | | 2024-09-21 |
| Todd P. | Executive Vice President | | 2024-01-29 |
| ...and 19 more key personnel |
Financials for REDI
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,215,580 | $2,468,486 | -10.2% |
| Program services | $159,550 | $19,594 | 714.3% |
| Investment income and dividends | $637 | $71 | 797.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $6,370 | $0 | 999% |
| Total revenues | $2,382,137 | $2,488,151 | -4.3% |
Organizations like REDI
| Organization | Type | Location | Revenue |
|---|
| Greater Sacramento Area Economic Council | 501(c)(3) | Sacramento, CA | $2,910,340 |
| Southwest Mississippi Planning and | 501(c)(3) | Natchez, MS | $9,332,233 |
| Southern Minnesota Initiative Foundation (SMIF) | 501(c)(3) | Owatonna, MN | $5,876,900 |
| Pittsburgh Gateways Corporation | 501(c)(3) | Pittsburgh, PA | $1,497,429 |
| Central Arkansas Planning and Development District (CAPDD) | 501(c)(3) | Lonoke, AR | $2,928,116 |
| West Virginia Community Development Hub | 501(c)(3) | Charleston, WV | $1,698,654 |
| Mon Valley Initiative (MVI) | 501(c)(3) | Homestead, PA | $6,041,263 |
| Main Street Ventures (the Brandery) | 501(c)(3) | Cincinnati, OH | $2,249,420 |
| Southern Maine Finance Agency | 501(c)(3) | Biddeford, ME | $719,081 |
| Madison Development Corporation | 501(c)(3) | Madison, WI | $6,436,775 |
Data update history
May 21, 2024
Updated personnel
Identified 3 new personnel
January 29, 2024
Updated personnel
Identified 11 new personnel
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 51 Monroe St Pe-20
- Rockville, MD 20850
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- County
- Montgomery County, MD
- Website URL
- rockvilleredi.org/
- Phone
- (301) 315-8096
- Facebook page
- RockvilleREDI
- Twitter profile
- @rockvilleredi
IRS details
- EIN
- 52-2056731
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1997
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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