Civic Intelligence

Regional Economic Development Corporation of Southwestern Pennsy

990 • Fiscal year 2022 • EIN 25-1636676

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

267 Kappa DrivePittsburgh, PA 15238

(412) 315-6440

Siviq Scores

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

Liabilities / Assets

96th percentile

1.32x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

2.27x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

98th percentile

$628,897

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

48th percentile

0.7%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1461%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,351,429

Up $29,338 (+0.7%) from 2021

Net Assets

Up

-$1,412,482

Up $470,032 (+25%) from 2021

Liabilities

Down

$5,763,911

Down $440,694 (-7.1%) from 2021

Revenue

Up

$2,533,737

Up $2,371,445 (+1461%) from 2021

Expenses

Up

$2,063,705

Up $2,059,194 (+45648%) from 2021

Net Income

Up

$470,032

Up $312,251 (+198%) from 2021

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10M-$20MAssets 2010: $12,178,155Liabilities 2010: $24,390,950Net Assets 2010: -$12,212,7952010Assets 2011: $1,043,065Liabilities 2011: $14,358,354Net Assets 2011: -$13,315,2892011Assets 2012: $3,054,387Liabilities 2012: $14,978,167Net Assets 2012: -$11,923,7802012Assets 2013: $3,699,924Liabilities 2013: $15,479,081Net Assets 2013: -$11,779,1572013Assets 2014: $4,279,828Liabilities 2014: $6,201,652Net Assets 2014: -$1,921,8242014Assets 2015: $4,836,601Liabilities 2015: $6,207,965Net Assets 2015: -$1,371,3642015Assets 2016: $4,888,176Liabilities 2016: $6,208,772Net Assets 2016: -$1,320,5962016Assets 2017: $4,053,254Liabilities 2017: $6,203,388Net Assets 2017: -$2,150,1342017Assets 2018: $4,088,908Liabilities 2018: $6,204,249Net Assets 2018: -$2,115,3412018Assets 2019: $4,136,237Liabilities 2019: $6,203,529Net Assets 2019: -$2,067,2922019Assets 2020: $4,165,751Liabilities 2020: $6,206,046Net Assets 2020: -$2,040,2952020Assets 2021: $4,322,091Liabilities 2021: $6,204,605Net Assets 2021: -$1,882,5142021Assets 2022: $4,351,429Liabilities 2022: $5,763,911Net Assets 2022: -$1,412,4822022Assets 2023: $5,468,104Liabilities 2023: $6,870,763Net Assets 2023: -$1,402,6592023Assets 2024: $5,771,426Liabilities 2024: $6,884,484Net Assets 2024: -$1,113,0582024

Highlighted filing

2022

Assets$4,351,429
Liabilities$5,763,911
Net Assets-$1,412,482

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,219,3802010Expenses 2011: $1,378,4852011Expenses 2012: $456,4632012Revenue 2013: $631,877Expenses 2013: $487,254Net Income 2013: $144,6232013Revenue 2014: $9,869,588Expenses 2014: $12,255Net Income 2014: $9,857,3332014Revenue 2015: $554,430Expenses 2015: $3,970Net Income 2015: $550,4602015Revenue 2016: $62,029Expenses 2016: $11,261Net Income 2016: $50,7682016Revenue 2017: $44,228Expenses 2017: $873,766Net Income 2017: -$829,5382017Revenue 2018: $39,453Expenses 2018: $4,660Net Income 2018: $34,7932018Revenue 2019: $51,584Expenses 2019: $3,535Net Income 2019: $48,0492019Revenue 2020: $31,792Expenses 2020: $4,795Net Income 2020: $26,9972020Revenue 2021: $162,292Expenses 2021: $4,511Net Income 2021: $157,7812021Revenue 2022: $2,533,737Expenses 2022: $2,063,705Net Income 2022: $470,0322022Revenue 2023: $41,923Expenses 2023: $32,100Net Income 2023: $9,8232023Revenue 2024: $323,611Expenses 2024: $34,010Net Income 2024: $289,6012024

Highlighted filing

2022

Revenue$2,533,737
Expenses$2,063,705
Net Income$470,032
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$2,533,737
Mission and Program Overview

Mission

The ridc fund for economic growth was established to promote community development in southwestern pennsylvania through the conduct of a number of activities, including the operation of a revolving loan fund.

The regional economic development corporation of sw pa was established to promote community development in southwestern pennsylvania through the conduct of a number of activities, including the operation of a revolving loan fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,029,013$2,032,726▲ $3,713
Other Notes and Loans Receivable, Net$1,413,993$1,338,562▼ $75,431
Cash and Non-Interest-Bearing Accounts$877,795$978,851▲ $101,056
Accounts Receivable$1,290$1,290→ $0
Total Assets$4,322,091$4,351,429▲ $29,338
Liabilities
Accounts Payable and Accrued Expenses$3,704,605$5,763,911▲ $2,059,306
Unsecured Notes Loans Payable$2,500,000--
Total Liabilities$6,204,605$5,763,911▼ $440,694
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,882,514$-1,412,482▲ $470,032
Total Net Assets Fund Balance$-1,882,514$-1,412,482▲ $470,032
Total Liabilities and Net Assets / Fund Balance$4,322,091$4,351,429▲ $29,338
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kurta Marian D 522-1222Treasurer$139,704$139,704
Vicario Mary JoSenior Property Manager$136,845$136,845
Cunningham W H 122-522Treasurer$120,577$120,577
Poremski Colleen B 122-322Asst. Corporate Secretary$34,083$34,083

Board Members and Trustees

NameTitle
Stephenson Samuel JChairman/director
Smith Donald F JrPresident
Hunt WilliamDirector/vice Chairman
Kurtzrock Mark JayDirector
Mcnulty Timothy PDirector
Miller KiethDirector of Site Development
Heinricher MichaelDirector, Asset Management
Pinelli ChristopherDirector, Property Mgmt
Joyce Dennis M Ret 62022Chief Operating Officer
Buechli JohnConstruction Manager
Hobbes Jason WCorporate Secretary
White Timothy FSenior VP - Development
Goldstrom MichaelSenior VP - Real Estate
Revenue and Support

Revenue Composition

Contributions and Grants
$2,058,881
Program Service Revenue
$0
Investment Income
$33,737
Other Revenue
$441,119
All Other Contributions
$2,058,881
Change in Net Assets
$470,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,058,881
Other Expenses$4,824
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,058,881--$2,058,881
Fees for Services Accounting$4,314--$4,314
Insurance$300--$300
Fees for Services Legal$210--$210
Total Functional Expenses$2,063,705$0$0$2,063,705
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ridc Sw Pa Growth FundPittsburgh, PA501(c)(3)Redevelopment of the Former Alcoa Industrial Facility$2,058,881
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 35% controlled entity
No
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 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

The organization has no direct employees and therefore no compensation analysis is applicable.

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
Regional Economic Development
EIN
25-1636676
Phone
4123156440
Address
267 KAPPA DRIVE, PITTSBURGH, PA 15238

Signing Officer

Name
Marian D Kurta
Title
Treasurer
Phone
4123156440
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marian D Kurta
Formed
1990
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Sisterson & Co Llp
Address
310 GRANT STREET SUITE 2100, PITTSBURGH, PA 15219
Preparer
Melissa Pugne
Phone
4122812025
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

As of december 31, 2022 and 2021, the corporation is unaware of any uncertain tax positions. The corporation's tax returns for years 2019 and beyond remain subject to examination by the internal revenue service.

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IRS990/ActivityOrMissionDesc0THE REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA WAS ESTABLISHED TO PROMOTE COMMUNITY DEVELOPMENT IN SOUTHWESTERN PENNSYLVANIA THROUGH THE CONDUCT OF A NUMBER OF ACTIVITIES, INCLUDING THE OPERATION OF A REVOLVING LOAN FUND.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR VP - REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, ASSET MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONSTRUCTION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF SITE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR PROPERTY MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt02058881
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02058881
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02058881
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02533737
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0300
IRS990/InsuranceGrp/TotalAmt0300
IRS990/InvestmentIncomeGrp/ExclusionAmt033737
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033737
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA WAS ESTABLISHED TO PROMOTE COMMUNITY DEVELOPMENT IN SOUTHWESTERN PENNSYLVANIA THROUGH THE CONDUCT OF A NUMBER OF ACTIVITIES, INCLUDING THE OPERATION OF A REVOLVING LOAN FUND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt0-1882514
IRS990/NetAssetsOrFundBalancesEOYAmt0-1412482
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1882514
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1412482
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0DEBT FORGIVENESS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0441119
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0441119
IRS990/OtherRevenueTotalAmt0441119
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01413993
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01338562
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARIAN D KURTA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0162292
IRS990/PYOtherExpensesAmt04511
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0157781
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04511
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0162292
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0470032
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02029013
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02032726
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 REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA 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 2022 WAS 41.36% AND INVESTMENT INCOME PERCENTAGE FOR 2022 WAS 11.11%
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 IRC SECTION 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/SupportAmt02063705
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02063705
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2022 AND 2021, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt02058881
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REDEVELOPMENT OF THE FORMER ALCOA INDUSTRIAL FACILITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RIDC SW PA GROWTH FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0251603768
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0267 KAPPA DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PITTSBURGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd015238
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0ACTUAL COST INCURRED
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT IS RESTRICTED FOR THE PURPOSE OF REDEVELOPING THE FORMER ALCOA INDUSTRIAL FACILITY LOCATED IN NEW KENSINGTON, PENNSYLVANIA. REDC IS ACTING AS LIAISON FOR THIS TRANSACTION AS ORIGINAL CONTRIBUTOR, THE R.K. MELLON FOUNDATION, CONVERTED AN EXISTING LOAN WITH REDC TO A GRANT FOR THE ALCOA FACILITY. THE ALCOA PROJECT IS BEING MANAGED BY RELATED ORGANIZATION RIDC SOUTHWESTERN PA GROWTH FUND, RESULTING IN A GRANT FROM REDC TO THE GROWTH FUND FOR 2022.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0116500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt151460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt233750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt361500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt417500

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.77$6.88$1.11$0.32$0.03$0.29
2023Detailed filing. Detailed filing data is available for this year.$5.47$6.87$1.40$0.04$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.35$5.76$1.41$2.53$2.06$0.47
2021Detailed filing. Detailed filing data is available for this year.$4.32$6.20$1.88$0.16$0.00$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.17$6.21$2.04$0.03$0.00$0.03
2019Detailed filing. Detailed filing data is available for this year.$4.14$6.20$2.07$0.05$0.00$0.05
2018Detailed filing. Detailed filing data is available for this year.$4.09$6.20$2.12$0.04$0.00$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.05$6.20$2.15$0.04$0.87$0.83
2016Detailed filing. Detailed filing data is available for this year.$4.89$6.21$1.32$0.06$0.01$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.84$6.21$1.37$0.55$0.00$0.55
2014Detailed filing. Detailed filing data is available for this year.$4.28$6.20$1.92$9.87$0.01$9.86
2013Detailed filing. Detailed filing data is available for this year.$3.70$15.5$11.8$0.63$0.49$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$15.0$11.9$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$14.4$13.3$1.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$24.4$12.2$3.22