Civic Intelligence

The Ridc Regional Growth Fund

990 • Fiscal year 2017 • EIN 25-1495484

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileWWW.RIDC.ORG
210 Sixth Avenue No 3620Pittsburgh, PA 15222-2602

(412) 315-6441

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.64x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

2.67x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

18th percentile

-6.5%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$421,737

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

95th percentile

45%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-2.2%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$31,886,742

Up $9,934,708 (+45%) from 2016

Net Assets

Down

$11,324,467

Down $503,420 (-4.3%) from 2016

Liabilities

Up

$20,562,275

Up $10,438,128 (+103%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin18th percentile

Revenue

Down

$7,709,373

Down $177,233 (-2.2%) from 2016

Expenses

Down

$8,212,793

Down $136,386 (-1.6%) from 2016

Net Income

Down

-$503,420

Down $40,847 (-8.8%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $75,000Liabilities 2010: $75,000Net Assets 2010: $02010Assets 2011: $75,000Liabilities 2011: $75,000Net Assets 2011: $02011Assets 2012: $4,541,850Liabilities 2012: $4,111,818Net Assets 2012: $430,0322012Assets 2013: $14,553,505Liabilities 2013: $8,980,286Net Assets 2013: $5,573,2192013Assets 2014: $22,621,601Liabilities 2014: $11,995,968Net Assets 2014: $10,625,6332014Assets 2015: $23,307,940Liabilities 2015: $11,017,480Net Assets 2015: $12,290,4602015Assets 2016: $21,952,034Liabilities 2016: $10,124,147Net Assets 2016: $11,827,8872016Assets 2017: $31,886,742Liabilities 2017: $20,562,275Net Assets 2017: $11,324,4672017Assets 2018: $32,448,569Liabilities 2018: $20,430,639Net Assets 2018: $12,017,9302018Assets 2019: $35,182,259Liabilities 2019: $26,005,497Net Assets 2019: $9,176,7622019Assets 2020: $32,881,344Liabilities 2020: $25,062,064Net Assets 2020: $7,819,2802020Assets 2021: $36,670,171Liabilities 2021: $30,177,887Net Assets 2021: $6,492,2842021Assets 2022: $37,936,694Liabilities 2022: $30,900,688Net Assets 2022: $7,036,0062022Assets 2023: $41,082,912Liabilities 2023: $31,158,412Net Assets 2023: $9,924,5002023Assets 2024: $39,330,312Liabilities 2024: $29,934,181Net Assets 2024: $9,396,1312024

Highlighted filing

2017

Assets$31,886,742
Liabilities$20,562,275
Net Assets$11,324,467
Open 2017 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $2,867,0342012Revenue 2013: $8,628,993Expenses 2013: $4,339,741Net Income 2013: $4,289,2522013Revenue 2014: $12,047,385Expenses 2014: $6,994,971Net Income 2014: $5,052,4142014Revenue 2015: $9,443,095Expenses 2015: $7,778,268Net Income 2015: $1,664,8272015Revenue 2016: $7,886,606Expenses 2016: $8,349,179Net Income 2016: -$462,5732016Revenue 2017: $7,709,373Expenses 2017: $8,212,793Net Income 2017: -$503,4202017Revenue 2018: $10,597,890Expenses 2018: $9,904,427Net Income 2018: $693,4632018Revenue 2019: $7,330,520Expenses 2019: $10,171,688Net Income 2019: -$2,841,1682019Revenue 2020: $9,031,999Expenses 2020: $10,389,481Net Income 2020: -$1,357,4822020Revenue 2021: $9,947,122Expenses 2021: $11,274,118Net Income 2021: -$1,326,9962021Revenue 2022: $13,086,181Expenses 2022: $12,542,459Net Income 2022: $543,7222022Revenue 2023: $17,522,772Expenses 2023: $14,634,278Net Income 2023: $2,888,4942023Revenue 2024: $16,090,072Expenses 2024: $14,618,441Net Income 2024: $1,471,6312024

Highlighted filing

2017

Revenue$7,709,373
Expenses$8,212,793
Net Income-$503,420
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$7,709,373
Mission and Program Overview

Mission

Support organization for ridc of southwestern pennsylvania, providing diversified economic development services to business and industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,405,752$19,140,108▲ $2,734,356
Accounts Receivable$1,164,887$1,083,530▼ $81,357
Cash and Non-Interest-Bearing Accounts$288,667$716,861▲ $428,194
Pledges and Grants Receivable$250,000$0▼ $250,000
Savings and Temporary Cash Investments$57,516$57,810▲ $294
Prepaid Expenses and Deferred Charges-$7,089-
Total Assets$21,952,034$31,886,742▲ $9,934,708
Other Assets Total$3,785,212$10,881,344▲ $7,096,132
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,269,473$13,664,562▲ $5,395,089
Accounts Payable and Accrued Expenses$1,408,231$6,474,321▲ $5,066,090
Deferred Revenue$446,443$423,392▼ $23,051
Total Liabilities$10,124,147$20,562,275▲ $10,438,128
Net Assets / Fund Balance
Unrestricted Net Assets$11,827,887$11,324,467▼ $503,420
Total Net Assets Fund Balance$11,827,887$11,324,467▼ $503,420
Total Liabilities and Net Assets / Fund Balance$21,952,034$31,886,742▲ $9,934,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,898,938$2,772,980$14,671,918
Leasehold Improvements$6,802,944$3,866,533$10,669,477
Equipment$438,226$44,539$482,765
Other Assets Org$10,881,344--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
W Michael SaulTreasurer$137,213$137,213
Donald JohnsonSenior Development Manager$136,534$136,534
Barbara SnowballDirector of Leasing$127,643$127,643
James J PalochikDirector of Construction$120,267$120,267
Colleen B PoremskiCorporate Secretary$113,252$113,252

Board Members and Trustees

NameTitle
G Reynolds ClarkChairman/director
Donald F Smith JrPresident
Samuel J Stephenson 5117-12/31/17) Vice Chairman
Eric CartwrightDirector
Mark Jay KurtzrockDirector
Sara Davis Buss EsquireDirector
Daniel SharekDirector of Engineering Services
Dennis M Joyce 5117-12/31/17) Chief Operating Officer
Marcia L Grimes EsquireAssistant Secretary
Adarryl DreherAssociate VP - Finance
Timothy F WhiteSenior VP - Development
William C Kirk JrVP - Real Estate Operations

Highest Paid Contractors

ContractorServicesLocationCompensation
Burns & Scalo Roofing CoRoofing Contractor22 RUTGERS RD 200, Pittsburgh, PA 15205$4,792,101
Tbi ContractingConstruction Contractor1701 BOSTON HOLLOW RD, Mckeesport, PA 15135$4,072,252
Mele & Mele& SonsConstruction ContractorONE MELE PLACE, Braddock, PA 15104$1,080,940
Cb Richard Ellis NeReal Estate Broker33 ARCH ST 28TH FL, Boston, MA 02110$444,501
A Martini & CoConstruction Contractor320 GRANT ST, Verona, PA 15147$304,491
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,641,574
Investment Income
$7,400
Other Revenue
$60,399
Change in Net Assets
$-503,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,709,372
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,709,372
Total Revenue per Form 990
$7,709,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,600,793
Salaries, Compensation, and Employee Benefits$612,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,044,465--$2,044,465
Other Salaries and Wages$612,000--$612,000
Fees for Services Management$459,000--$459,000
Fees for Services Legal$158,914--$158,914
Interest$135,247--$135,247
Insurance$122,494--$122,494
Other Expenses$94,626--$94,626
Fees for Services Other$58,837--$58,837
Information Technology$26,576--$26,576
Office Expenses$11,389--$11,389
Fees for Services Accounting$7,340--$7,340
Travel$5,544--$5,544
Advertising$75--$75
Total Functional Expenses$8,212,793$0$0$8,212,793

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,212,793
Total Expenses per Audited Statements$8,212,793
Total Expenses per Form 990$8,212,793
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The annual form 990 is prepared by the staff of ridc and reviewed by its outside independent accounting firm. The board of directors reviews the 990.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest disclosure forms are distributed to the members of the board of directors and all employees each year. The conflict of interest forms are then returned to the secretary of the corporation. All conflict of interest forms are reviewed by the audit committee, as well as the executive committee of the board. The ridc president and ridc board chair are involved in the process, including review of form contents and identifying any individual areas of concern.”

Form 990, Part VI, Section B, Line 15

“Officers' salaries are reviewed annually by the executive committee. All other employees are reviewed by the president. Periodically, an independent consultant is used for determining employee compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Ridc Regional Growth Fund
EIN
25-1495484
Phone
4123156441
Address
210 SIXTH AVENUE NO 3620, PITTSBURGH, PA 15222-2602

Signing Officer

Name
W Michael Saul
Title
Treasurer
Phone
4123156441
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Michael Saul
Formed
1985
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Sisterson & Co Llp
Address
310 GRANT STREET SUITE 2100, PITTSBURGH, PA 15219
Preparer
Michael M Comstock CPA
Phone
4122812025
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“As of december 31, 2017 and 2016, the corporation is unaware of any uncertain tax positions. The corporation's tax returns for years 2014 and beyond remain subject to examination by the internal revenue service.”

Raw XML AppendixShowing 400 of 866 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1415264
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1529076
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1617342
IRS990/Form990PartVIISectionAGrp/PersonNm0DONALD F SMITH JR
IRS990/Form990PartVIISectionAGrp/PersonNm1G REYNOLDS CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm2DENNIS M JOYCE 5117-
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK JAY KURTZROCK
IRS990/Form990PartVIISectionAGrp/PersonNm4SAMUEL J STEPHENSON 5117-
IRS990/Form990PartVIISectionAGrp/PersonNm5SARA DAVIS BUSS ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm6ERIC CARTWRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM C KIRK JR
IRS990/Form990PartVIISectionAGrp/PersonNm8COLLEEN B POREMSKI
IRS990/Form990PartVIISectionAGrp/PersonNm9TIMOTHY F WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm10MARCIA L GRIMES ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm11ADARRYL DREHER
IRS990/Form990PartVIISectionAGrp/PersonNm12W MICHAEL SAUL
IRS990/Form990PartVIISectionAGrp/PersonNm13DANIEL SHAREK
IRS990/Form990PartVIISectionAGrp/PersonNm14BARBARA SNOWBALL
IRS990/Form990PartVIISectionAGrp/PersonNm15DONALD JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES J PALOCHIK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0390000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2200468
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7188502
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt888441
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9205922
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11179100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12109171
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13131195
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14112379
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15107458
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16102925
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt212/31/17) CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt412/31/17) VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP - REAL ESTATE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt8CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSOCIATE VP - FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF ENGINEERING SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF LEASING
IRS990/Form990PartVIISectionAGrp/TitleTxt15SENIOR DEVELOPMENT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF CONSTRUCTION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07709373
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt026576
IRS990/InformationTechnologyGrp/TotalAmt026576
IRS990/InsuranceGrp/ProgramServicesAmt0122494
IRS990/InsuranceGrp/TotalAmt0122494
IRS990/InterestGrp/ProgramServicesAmt0135247
IRS990/InterestGrp/TotalAmt0135247
IRS990/InvestmentIncomeGrp/ExclusionAmt07400
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07400
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06684052
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016405752
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019140108
IRS990/LandBldgEquipCostOrOtherBssAmt025824160
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt060399
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt060399
IRS990/MissionDesc0SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08269473
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013664562
IRS990/NetAssetsOrFundBalancesBOYAmt011827887
IRS990/NetAssetsOrFundBalancesEOYAmt011324467
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt011389
IRS990/OfficeExpensesGrp/TotalAmt011389
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03785212
IRS990/OtherAssetsTotalGrp/EOYAmt010881344
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt02993617
IRS990/OtherExpensesGrp/ProgramServicesAmt11092878
IRS990/OtherExpensesGrp/ProgramServicesAmt2389791
IRS990/OtherExpensesGrp/ProgramServicesAmt394626
IRS990/OtherExpensesGrp/TotalAmt02993617
IRS990/OtherExpensesGrp/TotalAmt11092878
IRS990/OtherExpensesGrp/TotalAmt2389791
IRS990/OtherExpensesGrp/TotalAmt394626
IRS990/OtherRevenueTotalAmt060399
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0612000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0612000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0250000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07089
IRS990/PrincipalOfficerNm0W MICHAEL SAUL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07641574
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07641574
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01179494
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0767
IRS990/PYOtherExpensesAmt07843158
IRS990/PYOtherRevenueAmt025072
IRS990/PYProgramServiceRevenueAmt06681273
IRS990/PYRevenuesLessExpensesAmt0-462573
IRS990/PYSalariesCompEmpBnftPaidAmt0506021
IRS990/PYTotalExpensesAmt08349179
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07886606
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-503420
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07641574
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057516
IRS990/SavingsAndTempCashInvstGrp/EOYAmt057810
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE RIDC REGIONAL GROWTH FUND WAS ABLE TO DETERMINE THAT THE SUPPORTED ORGANIZATION SATISFIED THE PUBLIC SUPPORT TEST UNDER 509(A)(2) BY OBTAINING A COPY OF THE COMPUTATION OF PUBLIC SUPPORT CALCULATION (SCHEDULE A) THAT INDICATED THAT THE TOTAL PUBLIC SUPPORT PERCENTAGE FOR 2017 WAS 37.23% AND INVESTMENT INCOME PERCENTAGE FOR 2017 WAS 6.13%.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1STRATEGIC PLANNING IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO SUBMITTING PROPOSED PROJECTS TO THE BOARD OF DIRECTORS TO ENSURE THAT ALL PROJECTS ARE WITHIN THE SCOPE OF THE ORGANIZATION'S MISSION AND FALL UNDER THE IRC SECION 170(C)(2)(B).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0251033264
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,886,742
Liabilities
$20,562,275
Net assets
$11,324,467
Revenue
$7,709,373
Expenses
$8,212,793
Net income
-$503,420
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.3$29.9$9.40$16.1$14.6$1.47
2023Detailed filing. Detailed filing data is available for this year.$41.1$31.2$9.92$17.5$14.6$2.89
2022Detailed filing. Detailed filing data is available for this year.$37.9$30.9$7.04$13.1$12.5$0.54
2021Detailed filing. Detailed filing data is available for this year.$36.7$30.2$6.49$9.95$11.3$1.33
2020Detailed filing. Detailed filing data is available for this year.$32.9$25.1$7.82$9.03$10.4$1.36
2019Detailed filing. Detailed filing data is available for this year.$35.2$26.0$9.18$7.33$10.2$2.84
2018Detailed filing. Detailed filing data is available for this year.$32.4$20.4$12.0$10.6$9.90$0.69
2017Detailed filing. Detailed filing data is available for this year.$31.9$20.6$11.3$7.71$8.21$0.50
2016Detailed filing. Detailed filing data is available for this year.$22.0$10.1$11.8$7.89$8.35$0.46
2015Detailed filing. Detailed filing data is available for this year.$23.3$11.0$12.3$9.44$7.78$1.66
2014Detailed filing. Detailed filing data is available for this year.$22.6$12.0$10.6$12.0$6.99$5.05
2013Detailed filing. Detailed filing data is available for this year.$14.6$8.98$5.57$8.63$4.34$4.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$4.11$0.43$2.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.08$0.00$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.08$0.00$0.00