Civic Intelligence

Ridc Ltc 48

990 • Fiscal year 2019 • EIN 81-1907116

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

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

(412) 315-6441

Siviq Scores

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

Liabilities / Assets

94th percentile

1.06x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

13.35x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

5th percentile

-56%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$545,924

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 36.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

22nd percentile

-2.8%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$18,718,997

Down $538,866 (-2.8%) from 2018

Net Assets

Down

-$1,051,288

Down $829,552 (-374%) from 2018

Liabilities

Up

$19,770,285

Up $290,686 (+1.5%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin5th percentile

Revenue

Down

$1,481,402

Down $267,436 (-15%) from 2018

Expenses

Up

$2,310,954

Up $655,499 (+40%) from 2018

Net Income

Down

-$829,552

Down $922,935 (-988%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$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

2019

Assets$18,718,997
Liabilities$19,770,285
Net Assets-$1,051,288
Open 2019 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$1,481,402
Expenses$2,310,954
Net Income-$829,552
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,481,402
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$17,956,637$17,206,415▼ $750,222
Cash and Non-Interest-Bearing Accounts$384,719$792,849▲ $408,130
Accounts Receivable$911,032$714,685▼ $196,347
Total Assets$19,257,863$18,718,997▼ $538,866
Other Assets Total$5,475$5,048▼ $427
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,757,740$17,679,143▼ $78,597
Accounts Payable and Accrued Expenses$1,589,432$1,677,566▲ $88,134
Deferred Revenue$132,427$413,576▲ $281,149
Total Liabilities$19,479,599$19,770,285▲ $290,686
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-221,736$-1,051,288▼ $829,552
Total Net Assets Fund Balance$-221,736$-1,051,288▼ $829,552
Total Liabilities and Net Assets / Fund Balance$19,257,863$18,718,997▼ $538,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,509,264$707,248$11,216,512
Leasehold Improvements$4,239,790$768,895$5,008,685
Land$2,438,407-$2,438,407
Equipment$18,954$998$19,952
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleOtherTotal
Levy LarryProject Manager$143,066$143,066
Heinricher MichaelDirector, Asset Management$127,734$127,734
Poremski Colleen BAsst. Corporate Secretary$117,002$117,002

Board Members and Trustees

NameTitle
Clark G ReynoldsChairman/director
Smith Donald F JrPresident
Buss Sara Davis EsquireDirector/vice Chairman
Robinson F Brooks JrDirector
Zinski LauraDirector
Strunk Philip RDirector, Engineering Svcs
Pinelli ChristopherDirector, Property Mgmt
Kirk William C Jr 1119 -3/31/19) VP - Real Estate Operations
Joyce Dennis MChief Operating Officer
Hobbes Jason WCorporate Secretary
White Timothy FSenior VP - Development
Saul W MichaelTreasurer
Switala Joseph J JrVP of Construction
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,481,402
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-829,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,060,954
Grants and Similar Amounts Paid$250,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$807,174--$807,174
Interest$698,898--$698,898
Grants to Domestic Orgs$250,000--$250,000
Other Expenses$92,372--$92,372
Fees for Services Management$50,933--$50,933
Fees for Services Other$33,935--$33,935
Insurance$27,155--$27,155
Fees for Services Legal$12,725--$12,725
Fees for Services Accounting$3,435--$3,435
Travel$527--$527
Office Expenses$212--$212
Advertising$105--$105
Total Functional Expenses$2,310,954$0$0$2,310,954
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ridc of Southwestern Pennsylvania Growth FundPittsburgh, PA501(c)(3)General Operating Use$250,000
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 Ltc 48
EIN
81-1907116
Phone
4123156441
Address
611 WILLIAM PENN PLACE NO 600, PITTSBURGH, PA 15219

Signing Officer

Name
W Michael Saul
Title
Treasurer
Phone
4123156441
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Michael Saul
Formed
2016
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, 2019 and 2018 the corporation is unaware of any uncertain tax positions. The corporation's tax returns for the tax year 2016 and beyond remain subject to examination by the internal revenue service.”

Raw XML AppendixShowing 400 of 908 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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt83/31/19) VP - REAL ESTATE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, ENGINEERING SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR, ASSET MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15PROJECT MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0250000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0250000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0250000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01481402
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt027155
IRS990/InsuranceGrp/TotalAmt027155
IRS990/InterestGrp/ProgramServicesAmt0698898
IRS990/InterestGrp/TotalAmt0698898
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01477141
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017956637
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017206415
IRS990/LandBldgEquipCostOrOtherBssAmt018683556
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/BOYAmt017757740
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017679143
IRS990/NetAssetsOrFundBalancesBOYAmt0-221736
IRS990/NetAssetsOrFundBalancesEOYAmt0-1051288
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-221736
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1051288
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0212
IRS990/OfficeExpensesGrp/TotalAmt0212
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05475
IRS990/OtherAssetsTotalGrp/EOYAmt05048
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TAXES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0205658
IRS990/OtherExpensesGrp/ProgramServicesAmt1127825
IRS990/OtherExpensesGrp/ProgramServicesAmt292372
IRS990/OtherExpensesGrp/TotalAmt0205658
IRS990/OtherExpensesGrp/TotalAmt1127825
IRS990/OtherExpensesGrp/TotalAmt292372
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0W MICHAEL SAUL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE & MANAGEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01481340
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01481340
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01655455
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01748838
IRS990/PYRevenuesLessExpensesAmt093383
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01655455
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01748838
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-829552
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01481402
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 2019 WAS 42.26% AND INVESTMENT INCOME PERCENTAGE FOR 2019 WAS 8.29%.
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/SupportAmt02310954
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02310954
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010509264
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0707248
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011216512
IRS990ScheduleD/EquipmentGrp/BookValueAmt018954
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0998
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019952
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02438407
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02438407
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04239790
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0768895
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05008685
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2019 AND 2018 THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR THE TAX YEAR 2016 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017206415
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
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/AddressLine1Txt0611 WILLIAM PENN PLACE SUITE 600
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PITTSBURGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd015219
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.
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

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,718,997
Liabilities
$19,770,285
Net assets
-$1,051,288
Revenue
$1,481,402
Expenses
$2,310,954
Net income
-$829,552
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