Civic Intelligence

Ridc MILL 19B

990 • Fiscal year 2021 • EIN 35-2617410

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileWWW.RIDC.ORG
611 William Penn Place 600Pittsburgh, PA 15219

(412) 315-6440

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

6.17x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$582,637

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

17th percentile

-2.2%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-9.3%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$20,889,491

Down $459,131 (-2.2%) from 2020

Net Assets

Up

$1,627,878

Up $1,173,571 (+258%) from 2020

Liabilities

Down

$19,261,613

Down $1,632,702 (-7.8%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin80th percentile

Revenue

Down

$3,119,994

Down $320,635 (-9.3%) from 2020

Expenses

Up

$1,946,423

Up $502,620 (+35%) from 2020

Net Income

Down

$1,173,571

Down $823,255 (-41%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$30M$20M$10M$0-$10MAssets 2019: $21,334,827Liabilities 2019: $22,877,346Net Assets 2019: -$1,542,5192019Assets 2020: $21,348,622Liabilities 2020: $20,894,315Net Assets 2020: $454,3072020Assets 2021: $20,889,491Liabilities 2021: $19,261,613Net Assets 2021: $1,627,8782021Assets 2022: $20,579,906Liabilities 2022: $18,127,860Net Assets 2022: $2,452,0462022Assets 2023: $19,750,510Liabilities 2023: $17,840,881Net Assets 2023: $1,909,6292023Assets 2024: $18,881,734Liabilities 2024: $17,403,323Net Assets 2024: $1,478,4112024

Highlighted filing

2021

Assets$20,889,491
Liabilities$19,261,613
Net Assets$1,627,878
Open 2021 Filing

Operations Trend

Revenue Growth18th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $2,539,995Expenses 2019: $3,498,734Net Income 2019: -$958,7392019Revenue 2020: $3,440,629Expenses 2020: $1,443,803Net Income 2020: $1,996,8262020Revenue 2021: $3,119,994Expenses 2021: $1,946,423Net Income 2021: $1,173,5712021Revenue 2022: $3,171,504Expenses 2022: $2,347,336Net Income 2022: $824,1682022Revenue 2023: $2,700,918Expenses 2023: $3,243,335Net Income 2023: -$542,4172023Revenue 2024: $2,621,296Expenses 2024: $3,052,515Net Income 2024: -$431,2192024

Highlighted filing

2021

Revenue$3,119,994
Expenses$1,946,423
Net Income$1,173,571
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$3,119,994
Mission and Program Overview

Mission

Ridc mill 19b shall be operated as an organization that is organized, at all times, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of regional industrial development corporation of southwestern pennsylvania by reviving property lessening neighborhood tensions, lessening burdens of government and combating community deterioration by developing an industrial development project at a location within the city of pittsburgh, pennsylvania.

Ridc mill 19b shall be operated as an organization that is organized, and at all times, exclusively, for the benefit of, to perform the functions of, or to carry out the purposes of regional industrial development corporation of southwestern pennsylvania by reviving property, lessening neighborhood tensions, lessening burdens of government and combating community deterioration by developing an industrial development project at a location within the city of pittsburgh, pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,003,387$19,167,728▼ $835,659
Accounts Receivable$694,290$918,010▲ $223,720
Savings and Temporary Cash Investments$422,060$368,238▼ $53,822
Cash and Non-Interest-Bearing Accounts$198,824$310,410▲ $111,586
Pledges and Grants Receivable$25,000$25,000→ $0
Prepaid Expenses and Deferred Charges$3,778$5,220▲ $1,442
Total Assets$21,348,622$20,889,491▼ $459,131
Other Assets Total$1,283$94,885▲ $93,602
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,274,815$18,541,790▲ $266,975
Accounts Payable and Accrued Expenses$2,058,848$428,158▼ $1,630,690
Deferred Revenue$560,652$291,665▼ $268,987
Total Liabilities$20,894,315$19,261,613▼ $1,632,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$454,307$1,627,878▲ $1,173,571
Total Net Assets Fund Balance$454,307$1,627,878▲ $1,173,571
Total Liabilities and Net Assets / Fund Balance$21,348,622$20,889,491▼ $459,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,074,051$554,461$14,628,512
Leasehold Improvements$3,993,338$704,706$4,698,044
Land$1,100,339-$1,100,339
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleOtherTotal
Strunk Philip R 0121-1021Director, Engineering Svcs$149,566$149,566
Saul W Michael 0121-0321Treasurer$148,073$148,073
Cunningham W H 0621-1221Treasurer$128,559$128,559
Poremski Colleen BAsst. Corporate Secretary$124,582$124,582
Cartwright EricSr. Development Advisor$121,200$121,200

Board Members and Trustees

NameTitle
Clark G ReynoldsChairman/director
Smith Donald F JrPresident
Buss Sara Davis EsquireDirector/vice Chairman
Robinson F Brooks JrDirector
Smith MattDirector
Heinricher MichaelDirector, Asset Management
Pinelli ChristopherDirector, Property Mgmt
Joyce Dennis MChief Operating Officer
Buechli JohnConstruction Manager
Hobbes Jason WCorporate Secretary
White Timothy FSenior VP - Development
Goldstrom MichaelSenior VP - Real Estate

Highest Paid Contractors

ContractorServicesLocationCompensation
Rycon Construction INCConstruction Contractors2501 SMALLMAN STREET SUITE 100, Pittsburgh, PA 15222$212,181
Jendoco Construction CorpConstruction Contractors2000 LINCOLN ROAD, Pittsburgh, PA 15232$206,578
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,796,702
Investment Income
$273,652
Other Revenue
$49,640
Change in Net Assets
$1,173,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,946,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$835,659--$835,659
Interest$463,643--$463,643
Fees for Services Management$49,437--$49,437
Fees for Services Other$19,869--$19,869
Insurance$15,869--$15,869
Advertising$11,532--$11,532
Other Expenses$11,319--$11,319
Fees for Services Accounting$4,215--$4,215
Office Expenses$450--$450
Fees for Services Legal$150--$150
Travel$19--$19
Total Functional Expenses$1,946,423$0$0$1,946,423
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
Ridc Mill 19b
EIN
35-2617410
Phone
4123156440
Address
611 WILLIAM PENN PLACE 600, PITTSBURGH, PA 15219

Signing Officer

Name
Marian D Kurta
Title
Treasurer
Phone
4123156440
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marian D Kurta
Formed
2018
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
Michael M Comstock CPA
Phone
4122812025
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“As of december 31, 2021 and 2020 the corporation is unaware of any uncertain tax positions. The corporation's tax return for the years 2018 and beyond remains subject to examination by the internal revenue service.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9196437
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10149107
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11107647
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12172051
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13122428
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14136324
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15121200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16125090
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10SENIOR VP - REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, ENGINEERING SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR, ASSET MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15SR. DEVELOPMENT ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CONSTRUCTION MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03119994
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt015869
IRS990/InterestGrp/ProgramServicesAmt0463643
IRS990/InterestGrp/TotalAmt0463643
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0273652
IRS990/InvestmentInJointVentureInd00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt020003387
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IRS990/LandBldgEquipCostOrOtherBssAmt020426895
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RIDC MILL 19B SHALL BE OPERATED AS AN ORGANIZATION THAT IS ORGANIZED, AT ALL TIMES, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA BY REVIVING PROPERTY LESSENING NEIGHBORHOOD TENSIONS, LESSENING BURDENS OF GOVERNMENT AND COMBATING COMMUNITY DETERIORATION BY DEVELOPING AN INDUSTRIAL DEVELOPMENT PROJECT AT A LOCATION WITHIN THE CITY OF PITTSBURGH, PENNSYLVANIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt018274815
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018541790
IRS990/NetAssetsOrFundBalancesBOYAmt0454307
IRS990/NetAssetsOrFundBalancesEOYAmt01627878
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0454307
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01627878
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0450
IRS990/OfficeExpensesGrp/TotalAmt0450
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01283
IRS990/OtherAssetsTotalGrp/EOYAmt094885
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1IMPAIRMENT
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0266213
IRS990/OtherExpensesGrp/ProgramServicesAmt1135176
IRS990/OtherExpensesGrp/ProgramServicesAmt2132872
IRS990/OtherExpensesGrp/ProgramServicesAmt311319
IRS990/OtherExpensesGrp/TotalAmt0266213
IRS990/OtherExpensesGrp/TotalAmt1135176
IRS990/OtherExpensesGrp/TotalAmt2132872
IRS990/OtherExpensesGrp/TotalAmt311319
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049640
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049640
IRS990/OtherRevenueTotalAmt049640
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03778
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05220
IRS990/PrincipalOfficerNm0MARIAN D KURTA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02796702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02796702
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02461871
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0978758
IRS990/PYOtherExpensesAmt01443803
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01996826
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01443803
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03440629
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01173571
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02846342
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0422060
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0368238
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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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/ExplanationTxt0RIDC MILL 19B 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 2021 WAS 41.03% AND INVESTMENT INCOME PERCENTAGE FOR 2021 WAS 9.26%.
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
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IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0251033264
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01946423
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01946423
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014074051
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0554461
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014628512
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01100339
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01100339
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03993338
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0704706
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04698044
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2021 AND 2020 THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURN FOR THE YEARS 2018 AND BEYOND REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019167728
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,889,491
Liabilities
$19,261,613
Net assets
$1,627,878
Revenue
$3,119,994
Expenses
$1,946,423
Net income
$1,173,571
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$17.4$1.48$2.62$3.05$0.43
2023Detailed filing. Detailed filing data is available for this year.$19.8$17.8$1.91$2.70$3.24$0.54
2022Detailed filing. Detailed filing data is available for this year.$20.6$18.1$2.45$3.17$2.35$0.82
2021Detailed filing. Detailed filing data is available for this year.$20.9$19.3$1.63$3.12$1.95$1.17
2020Detailed filing. Detailed filing data is available for this year.$21.3$20.9$0.45$3.44$1.44$2.00
2019Detailed filing. Detailed filing data is available for this year.$21.3$22.9$1.54$2.54$3.50$0.96