Civic Intelligence

Ridc Ltc 48

EIN 81-1907116 • 501(c)3 • Pittsburgh, PA

Profile

Ridc ltc 48 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 the burdens of government and combating community deterioration by developing an industrial development project at a location within the city of pittsburgh, pennsylvania.

267 Kappa DrivePittsburgh, PA 15238

www.ridc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.84x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

5.25x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

44th percentile

2.5%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-2.9%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

37th percentile

1.8%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$16,289,051

Down $626,595 (-3.7%) from 2023

Liabilities

Down

$13,676,627

Down $692,380 (-4.8%) from 2023

Net Assets

Up

$2,612,424

Up $65,785 (+2.6%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin44th percentile

Revenue

Down

$2,603,521

Down $4,960,893 (-66%) from 2023

Expenses

Down

$2,537,736

Down $900,033 (-26%) from 2023

Net Income

Down

$65,785

Down $4,060,860 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2016: $17,607,138Liabilities 2016: $17,635,790Net Assets 2016: -$28,6522016Assets 2017: $16,629,147Liabilities 2017: $16,944,266Net Assets 2017: -$315,1192017Assets 2018: $19,257,863Liabilities 2018: $19,479,599Net Assets 2018: -$221,7362018Assets 2019: $18,718,997Liabilities 2019: $19,770,285Net Assets 2019: -$1,051,2882019Assets 2020: $17,874,396Liabilities 2020: $19,232,074Net Assets 2020: -$1,357,6782020Assets 2021: $18,285,597Liabilities 2021: $19,469,465Net Assets 2021: -$1,183,8682021Assets 2022: $17,270,116Liabilities 2022: $18,850,123Net Assets 2022: -$1,580,0072022Assets 2023: $16,915,646Liabilities 2023: $14,369,007Net Assets 2023: $2,546,6392023Assets 2024: $16,289,051Liabilities 2024: $13,676,627Net Assets 2024: $2,612,4242024

Highlighted filing

2024

Assets$16,289,051
Liabilities$13,676,627
Net Assets$2,612,424
Open 2024 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2016: $0Expenses 2016: $2,745,110Net Income 2016: -$2,745,1102016Revenue 2017: $13,437Expenses 2017: $299,904Net Income 2017: -$286,4672017Revenue 2018: $1,748,838Expenses 2018: $1,655,455Net Income 2018: $93,3832018Revenue 2019: $1,481,402Expenses 2019: $2,310,954Net Income 2019: -$829,5522019Revenue 2020: $2,237,223Expenses 2020: $2,543,613Net Income 2020: -$306,3902020Revenue 2021: $2,296,986Expenses 2021: $2,123,176Net Income 2021: $173,8102021Revenue 2022: $2,513,926Expenses 2022: $2,910,065Net Income 2022: -$396,1392022Revenue 2023: $7,564,414Expenses 2023: $3,437,769Net Income 2023: $4,126,6452023Revenue 2024: $2,603,521Expenses 2024: $2,537,736Net Income 2024: $65,7852024

Highlighted filing

2024

Revenue$2,603,521
Expenses$2,537,736
Net Income$65,785
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,289,051
Liabilities
$13,676,627
Net assets
$2,612,424
Revenue
$2,603,521
Expenses
$2,537,736
Net income
$65,785
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$13.7$2.61$2.60$2.54$0.07
2023Detailed filing. Detailed filing data is available for this year.$16.9$14.4$2.55$7.56$3.44$4.13
2022Detailed filing. Detailed filing data is available for this year.$17.3$18.9$1.58$2.51$2.91$0.40
2021Detailed filing. Detailed filing data is available for this year.$18.3$19.5$1.18$2.30$2.12$0.17
2020Detailed filing. Detailed filing data is available for this year.$17.9$19.2$1.36$2.24$2.54$0.31
2019Detailed filing. Detailed filing data is available for this year.$18.7$19.8$1.05$1.48$2.31$0.83
2018Detailed filing. Detailed filing data is available for this year.$19.3$19.5$0.22$1.75$1.66$0.09
2017Summary only. Only limited summary data is available for this year.$16.6$16.9$0.32$0.01$0.30$0.29
2016Summary only. Only limited summary data is available for this year.$17.6$17.6$0.03$0.00$2.75$2.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$2,603,521
Mission and Program Overview

Mission

Ridc ltc 48 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 the 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$14,960,229$13,858,168▼ $1,102,061
Savings and Temporary Cash Investments$29,839$2,132,911▲ $2,103,072
Accounts Receivable$176,182$185,422▲ $9,240
Cash and Non-Interest-Bearing Accounts$1,745,178$108,511▼ $1,636,667
Prepaid Expenses and Deferred Charges$4,218$4,039▼ $179
Total Assets$16,915,646$16,289,051▼ $626,595
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,591,640$13,254,410▼ $337,230
Deferred Revenue$775,331$328,835▼ $446,496
Accounts Payable and Accrued Expenses$2,036$93,382▲ $91,346
Total Liabilities$14,369,007$13,676,627▼ $692,380
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,546,639$2,612,424▲ $65,785
Total Net Assets Fund Balance$2,546,639$2,612,424▲ $65,785
Total Liabilities and Net Assets / Fund Balance$16,915,646$16,289,051▼ $626,595

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,092,491$2,182,296$11,274,787
Leasehold Improvements$2,304,045$4,243,380$6,547,425
Land$2,438,408-$2,438,408
Equipment$23,224$22,628$45,852
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Stephenson Samuel JChairman/director
Smith Donald F JrPresident
Hunt WilliamDirector/vice Chairman
Mcnulty TimothyDirector/vice Chairman
Giovannitti JenniferDirector
Kurtzrock Mark JayDirector
Mondi PatrickDirector
Robinson F Brooks JrDirector
Russo AudreyDirector
Cooper JeniDirector of Community Inve
Miller KeithDirector of Site Developme
Heinricher MichaelDirector, Asset Management
Pinelli ChristopherDirector, Property Mgmt
Buechli JohnConstruction Manager
Hobbes Jason WCorporate Secretary
White Timothy FSenior VP - Development
Goldstrom MichaelSenior VP - Real Estate
Kurta Marian DTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,207,391
Investment Income
$396,130
Other Revenue
$0
Change in Net Assets
$65,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,537,736
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$1,113,061--$1,113,061
Interest$855,687--$855,687
Other Expenses$56,652--$56,652
Fees for Services Management$50,933--$50,933
Insurance$40,004--$40,004
Fees for Services Accounting$5,400--$5,400
Fees for Services Legal$1,931--$1,931
Fees for Services Other$1,439--$1,439
Office Expenses$364--$364
Travel$115--$115
Total Functional Expenses$2,537,736$0$0$2,537,736
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 Ltc 48
EIN
81-1907116
Phone
4123156440
Address
267 KAPPA DRIVE, PITTSBURGH, PA 15238

Signing Officer

Name
Marian D Kurta
Title
Treasurer
Phone
4123156440
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marian D Kurta
Formed
2016
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Sisterson & Co Llp
Address
501 GRANT STREET SUITE 450, PITTSBURGH, PA 15219
Preparer
Pugne Melissa
Phone
4122812025
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees: program service expenses 1,439. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,439.”

Financial Statement Notes

PART X, LINE 2:

“As of december 31, 2024 and 2023 the corporation is unaware of any uncertain tax positions. The corporation's tax returns for the tax year 2021 and beyond remain subject to examination by the internal revenue service.”

Raw XML AppendixShowing 400 of 994 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/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9403277
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10231291
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11332009
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12138291
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13186304
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14171745
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15152309
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16157696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17171977
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11SENIOR VP - REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR, ASSET MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15CONSTRUCTION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF SITE DEVELOPME
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF COMMUNITY INVE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02603521
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt040004
IRS990/InsuranceGrp/TotalAmt040004
IRS990/InterestGrp/ProgramServicesAmt0855687
IRS990/InterestGrp/TotalAmt0855687
IRS990/InvestmentIncomeGrp/ExclusionAmt0396130
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0396130
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06448304
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014960229
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013858168
IRS990/LandBldgEquipCostOrOtherBssAmt020306472
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RIDC LTC 48 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 THE 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/BOYAmt013591640
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013254410
IRS990/NetAssetsOrFundBalancesBOYAmt02546639
IRS990/NetAssetsOrFundBalancesEOYAmt02612424
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02546639
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02612424
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0364
IRS990/OfficeExpensesGrp/TotalAmt0364
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TAXES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0231151
IRS990/OtherExpensesGrp/ProgramServicesAmt1180999
IRS990/OtherExpensesGrp/ProgramServicesAmt256652
IRS990/OtherExpensesGrp/TotalAmt0231151
IRS990/OtherExpensesGrp/TotalAmt1180999
IRS990/OtherExpensesGrp/TotalAmt256652
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04218
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04039
IRS990/PrincipalOfficerNm0MARIAN D KURTA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02207391
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02207391
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0150000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03287769
IRS990/PYOtherRevenueAmt04867284
IRS990/PYProgramServiceRevenueAmt02697130
IRS990/PYRevenuesLessExpensesAmt04126645
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03437769
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07564414
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt065785
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02603520
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029839
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02132911
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 LTC 48 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 2024 WAS 38.44% AND INVESTMENT INCOME PERCENTAGE FOR 2024 WAS 16.48%.
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/SupportAmt02537735
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02537735
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09092491
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02182296
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011274787
IRS990ScheduleD/EquipmentGrp/BookValueAmt023224
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022628
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045852
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02438408
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02438408
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02304045
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04243380
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06547425
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2024 AND 2023 THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR THE TAX YEAR 2021 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013858168
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

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