Civic Intelligence

The Ridc Regional Growth Fund

990 • Fiscal year 2018 • EIN 25-1495484

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileWWW.RIDC.ORG
611 William Penn Place No 600Pittsburgh, PA 15219

(412) 315-6441

Siviq Scores

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

Liabilities / Assets

79th percentile

0.63x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.93x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

59th percentile

6.5%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$471,866

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

47th percentile

1.8%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

37%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$32,448,569

Up $561,827 (+1.8%) from 2017

Net Assets

Up

$12,017,930

Up $693,463 (+6.1%) from 2017

Liabilities

Down

$20,430,639

Down $131,636 (-0.6%) from 2017

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin59th percentile

Revenue

Up

$10,597,890

Up $2,888,517 (+37%) from 2017

Expenses

Up

$9,904,427

Up $1,691,634 (+21%) from 2017

Net Income

Up

$693,463

Up $1,196,883 (+238%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2018

Assets$32,448,569
Liabilities$20,430,639
Net Assets$12,017,930
Open 2018 Filing

Operations Trend

Revenue Growth86th 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

2018

Revenue$10,597,890
Expenses$9,904,427
Net Income$693,463
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$10,597,890
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$19,140,108$29,456,515▲ $10,316,407
Accounts Receivable$1,083,530$1,831,726▲ $748,196
Cash and Non-Interest-Bearing Accounts$716,861$515,703▼ $201,158
Pledges and Grants Receivable$0$248,428▲ $248,428
Savings and Temporary Cash Investments$57,810$58,129▲ $319
Prepaid Expenses and Deferred Charges$7,089$0▼ $7,089
Total Assets$31,886,742$32,448,569▲ $561,827
Other Assets Total$10,881,344$338,068▼ $10,543,276
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,664,562$15,438,065▲ $1,773,503
Accounts Payable and Accrued Expenses$6,474,321$4,544,409▼ $1,929,912
Deferred Revenue$423,392$448,165▲ $24,773
Total Liabilities$20,562,275$20,430,639▼ $131,636
Net Assets / Fund Balance
Unrestricted Net Assets$11,324,467$12,017,930▲ $693,463
Total Net Assets Fund Balance$11,324,467$12,017,930▲ $693,463
Total Liabilities and Net Assets / Fund Balance$31,886,742$32,448,569▲ $561,827

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,707,831$3,979,058$20,686,889
Leasehold Improvements$12,308,703$5,389,770$17,698,473
Equipment$439,981$95,448$535,429
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleOtherTotal
Saul W MichaelTreasurer$142,475$142,475
Pinelli ChristopherDirector, Property Mgmt$141,649$141,649
Levy LawrenceDevelopment Project Mgr$129,103$129,103
Poremski Colleen BCorporate Secretary$115,274$115,274

Board Members and Trustees

NameTitle
Clark G ReynoldsChairman/director
Smith Donald F JrPresident
Buss Sara Davis EsquireDirector/vice Chairman
Cartwright EricDirector
Kurtzrock Mark JayDirector
Stephenson Samuel JDirector
Yablonsky DennisDirector
Grimes Marcia L EsquireAssistant Secretary
Dreher AdarrylAssociate VP - Finance
Joyce Dennis MChief Operating Officer
White Timothy FSenior VP - Development
Kirk William C JrVP - Real Estate Operations

Highest Paid Contractors

ContractorServicesLocationCompensation
Burns & Scalo Roofing CoRoofing Contractor22 RUTGERS RD 200, Pittsburgh, PA 15205$860,823
Mele & Mele& SonsConstruction ContractorONE MELE PLACE, Braddock, PA 15104$757,688
Tbi ContractingConstruction Contractor1701 BOSTON HOLLOW RD, Mckeesport, PA 15135$735,359
Henron Electrical Dba FtbaElectrical MaintenancePO BOX 121, Valencia, PA 16059$477,306
Tp Electric INCElectrical Maintenance3252 ROUTE 31, Acme, PA 15610$279,661
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500,000
Program Service Revenue
$7,474,966
Investment Income
$5,203
Other Revenue
$617,721
Change in Net Assets
$693,463

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,597,890
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,597,890
Total Revenue per Form 990
$10,597,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,252,669
Salaries, Compensation, and Employee Benefits$651,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,780,223--$2,780,223
Other Salaries and Wages$651,000--$651,000
Interest$411,204--$411,204
Fees for Services Management$375,000--$375,000
Fees for Services Legal$150,926--$150,926
Insurance$130,127--$130,127
Other Expenses$113,063--$113,063
Fees for Services Other$107,856--$107,856
Office Expenses$42,896--$42,896
Information Technology$19,536--$19,536
Fees for Services Accounting$8,338--$8,338
Travel$6,219--$6,219
Advertising$841--$841
Other Employee Benefits$758--$758
Total Functional Expenses$9,904,427$0$0$9,904,427

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,904,427
Total Expenses per Audited Statements$9,904,427
Total Expenses per Form 990$9,904,427
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 A, Line 8B

“No committees act on behalf of the governing body.”

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 ridc audit committee, as well as the ridc executive committee of the ridc 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 ridc 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
611 WILLIAM PENN PLACE NO 600, PITTSBURGH, PA 15219

Signing Officer

Name
W Michael Saul
Title
Treasurer
Phone
4123156441
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Michael Saul
Formed
1985
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
6
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, 2018 and 2017, the corporation is unaware of any uncertain tax positions. The corporation's tax returns for years 2015 and beyond remain subject to examination by the internal revenue service.”

Raw XML AppendixShowing 400 of 880 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/PersonNm1CLARK G REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm2BUSS SARA DAVIS ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm3CARTWRIGHT ERIC
IRS990/Form990PartVIISectionAGrp/PersonNm4KURTZROCK MARK JAY
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHENSON SAMUEL J
IRS990/Form990PartVIISectionAGrp/PersonNm6YABLONSKY DENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm7GRIMES MARCIA L ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm8JOYCE DENNIS M
IRS990/Form990PartVIISectionAGrp/PersonNm9DREHER ADARRYL
IRS990/Form990PartVIISectionAGrp/PersonNm10KIRK WILLIAM C JR
IRS990/Form990PartVIISectionAGrp/PersonNm11POREMSKI COLLEEN B
IRS990/Form990PartVIISectionAGrp/PersonNm12SAUL W MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm13WHITE TIMOTHY F
IRS990/Form990PartVIISectionAGrp/PersonNm14PINELLI CHRISTOPHER
IRS990/Form990PartVIISectionAGrp/PersonNm15LEVY LAWRENCE
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/ReportableCompFromRltdOrgAmt0441433
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8301183
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9204743
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10174340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1191317
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12113934
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13241286
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14125078
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15102963
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSOCIATE VP - FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP - REAL ESTATE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt11CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DEVELOPMENT PROJECT MGR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt02500000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010597890
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt019536
IRS990/InformationTechnologyGrp/TotalAmt019536
IRS990/InsuranceGrp/ProgramServicesAmt0130127
IRS990/InsuranceGrp/TotalAmt0130127
IRS990/InterestGrp/ProgramServicesAmt0411204
IRS990/InterestGrp/TotalAmt0411204
IRS990/InvestmentIncomeGrp/ExclusionAmt05203
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05203
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09464276
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019140108
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029456515
IRS990/LandBldgEquipCostOrOtherBssAmt038920791
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0617721
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0617721
IRS990/MissionDesc0SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013664562
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015438065
IRS990/NetAssetsOrFundBalancesBOYAmt011324467
IRS990/NetAssetsOrFundBalancesEOYAmt012017930
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt042896
IRS990/OfficeExpensesGrp/TotalAmt042896
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010881344
IRS990/OtherAssetsTotalGrp/EOYAmt0338068
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0758
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0758
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt03023854
IRS990/OtherExpensesGrp/ProgramServicesAmt12082586
IRS990/OtherExpensesGrp/ProgramServicesAmt2113063
IRS990/OtherExpensesGrp/TotalAmt03023854
IRS990/OtherExpensesGrp/TotalAmt12082586
IRS990/OtherExpensesGrp/TotalAmt2113063
IRS990/OtherRevenueTotalAmt0617721
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0651000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0651000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0248428
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07089
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0W MICHAEL SAUL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE & MANAGEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07224962
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1250004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07224962
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1250004
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07400
IRS990/PYOtherExpensesAmt07600793
IRS990/PYOtherRevenueAmt060399
IRS990/PYProgramServiceRevenueAmt07641574
IRS990/PYRevenuesLessExpensesAmt0-503420
IRS990/PYSalariesCompEmpBnftPaidAmt0612000
IRS990/PYTotalExpensesAmt08212793
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07709373
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0693463
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08092687
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057810
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058129
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 2018 WAS 41.54% AND INVESTMENT INCOME PERCENTAGE FOR 2018 WAS 6.58%.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1STRATEGIC PLANNING IS REVIEWED BY THE RIDC EXECUTIVE COMMITTEE PRIOR TO SUBMITTING PROPOSED PROJECTS TO THE RIDC 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
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt09904427
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PA 501(C)(6)
IRS990ScheduleA/SupportingOrganization509a3Ind0X

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,448,569
Liabilities
$20,430,639
Net assets
$12,017,930
Revenue
$10,597,890
Expenses
$9,904,427
Net income
$693,463
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