Civic Intelligence

Ridc MILL 19B

990 • Fiscal year 2022 • EIN 35-2617410

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

Organization ProfileWWW.RIDC.ORG
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

90th percentile

0.88x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

5.72x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$628,897

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

43rd percentile

-1.5%

Faster asset growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

1.7%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$20,579,906

Down $309,585 (-1.5%) from 2021

Net Assets

Up

$2,452,046

Up $824,168 (+51%) from 2021

Liabilities

Down

$18,127,860

Down $1,133,753 (-5.9%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin77th percentile

Revenue

Up

$3,171,504

Up $51,510 (+1.7%) from 2021

Expenses

Up

$2,347,336

Up $400,913 (+21%) from 2021

Net Income

Down

$824,168

Down $349,403 (-30%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2022

Assets$20,579,906
Liabilities$18,127,860
Net Assets$2,452,046
Open 2022 Filing

Operations Trend

Revenue Growth45th 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

2022

Revenue$3,171,504
Expenses$2,347,336
Net Income$824,168
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$3,171,504
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$19,167,728$18,480,174▼ $687,554
Accounts Receivable$918,010$972,879▲ $54,869
Cash and Non-Interest-Bearing Accounts$310,410$580,116▲ $269,706
Savings and Temporary Cash Investments$368,238$315,840▼ $52,398
Pledges and Grants Receivable$25,000$0▼ $25,000
Prepaid Expenses and Deferred Charges$5,220$6,907▲ $1,687
Total Assets$20,889,491$20,579,906▼ $309,585
Other Assets Total$94,885$223,990▲ $129,105
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,541,790$18,069,538▼ $472,252
Accounts Payable and Accrued Expenses$428,158$50,874▼ $377,284
Deferred Revenue$291,665$7,448▼ $284,217
Total Liabilities$19,261,613$18,127,860▼ $1,133,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,627,878$2,452,046▲ $824,168
Total Net Assets Fund Balance$1,627,878$2,452,046▲ $824,168
Total Liabilities and Net Assets / Fund Balance$20,889,491$20,579,906▼ $309,585

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,856,302$928,110$14,784,412
Leasehold Improvements$3,523,533$1,174,511$4,698,044
Land$1,100,339-$1,100,339
Compensation and Service Providers
Top Officer Pay93rd percentile

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
Robinson F Brooks JrDirector
Smith MattDirector
Miller KeithDirector of Site Development
Heinricher MichaelDirector, Asset Management
Pinelli ChristopherDirector, Property Mgmt
Joyce Dennis M Ret 622Chief 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
$0
Program Service Revenue
$2,693,687
Investment Income
$477,378
Other Revenue
$439
Change in Net Assets
$824,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,037,336
Grants and Similar Amounts Paid$310,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$843,454--$843,454
Interest$610,671--$610,671
Grants to Domestic Orgs$310,000--$310,000
Other Expenses$71,572--$71,572
Fees for Services Management$49,440--$49,440
Fees for Services Other$17,691--$17,691
Insurance$11,548--$11,548
Fees for Services Accounting$4,341--$4,341
Fees for Services Legal$3,620--$3,620
Total Functional Expenses$2,347,336$0$0$2,347,336
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ridc of Southwestern Pennsylvania Growth FundPittsburgh, PA501(c)(3)General Operating Use$310,000
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
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
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
Pugne Melissa
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 return for the years 2019 and beyond remains subject to examination by the internal revenue service.”

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IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHENSON SAMUEL J
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR/VICE CHAIRMAN
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, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, ASSET MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONSTRUCTION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF SITE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR PROPERTY MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0310000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0310000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0310000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03171504
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt011548
IRS990/InsuranceGrp/TotalAmt011548
IRS990/InterestGrp/ProgramServicesAmt0610671
IRS990/InterestGrp/TotalAmt0610671
IRS990/InvestmentIncomeGrp/ExclusionAmt0477378
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0477378
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02102621
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019167728
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018480174
IRS990/LandBldgEquipCostOrOtherBssAmt020582795
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/BOYAmt018541790
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018069538
IRS990/NetAssetsOrFundBalancesBOYAmt01627878
IRS990/NetAssetsOrFundBalancesEOYAmt02452046
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01627878
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02452046
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt094885
IRS990/OtherAssetsTotalGrp/EOYAmt0223990
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0220348
IRS990/OtherExpensesGrp/ProgramServicesAmt1204651
IRS990/OtherExpensesGrp/ProgramServicesAmt271572
IRS990/OtherExpensesGrp/TotalAmt0220348
IRS990/OtherExpensesGrp/TotalAmt1204651
IRS990/OtherExpensesGrp/TotalAmt271572
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0439
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0439
IRS990/OtherRevenueTotalAmt0439
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05220
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06907
IRS990/PrincipalOfficerNm0MARIAN D KURTA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE & MANAGEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02693531
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02693531
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1156
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0273652
IRS990/PYOtherExpensesAmt01946423
IRS990/PYOtherRevenueAmt049640
IRS990/PYProgramServiceRevenueAmt02796702
IRS990/PYRevenuesLessExpensesAmt01173571
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01946423
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03119994
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0824168
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02694126
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0368238
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0315840
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/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 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/SupportAmt02347336
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02347336
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt013856302
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0928110
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014784412
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01100339
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01100339
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03523533
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01174511
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04698044
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2022 AND 2021 THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURN FOR THE YEARS 2019 AND BEYOND REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018480174
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0310000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING USE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RIDC OF SOUTHWESTERN PENNSYLVANIA 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/ExplanationTxt0THE GRANT IS UNRESTRICTED AND NO SPECIAL CONDITIONS APPLY. THIS IS A ONE-TIME NON-RECURRING GRANT. NO FUTURE COMMITMENT IS MADE AND GRANT IS FULLY SATISFIED UPON DISBURSEMENT.

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,579,906
Liabilities
$18,127,860
Net assets
$2,452,046
Revenue
$3,171,504
Expenses
$2,347,336
Net income
$824,168
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