Civic Intelligence

Ridc MILL 19 A

990 • Fiscal year 2019 • EIN 82-2985893

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 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

97th percentile

1.36x

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

35.69x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

1st percentile

-342%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$545,924

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 50.5% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

4th percentile

-15%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

20%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$28,404,398

Down $5,025,408 (-15%) from 2018

Net Assets

Down

-$10,152,472

Down $3,698,597 (-57%) from 2018

Liabilities

Down

$38,556,870

Down $1,326,811 (-3.3%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Up

$1,080,230

Up $182,535 (+20%) from 2018

Expenses

Down

$4,778,827

Down $1,311,920 (-22%) from 2018

Net Income

Up

-$3,698,597

Up $1,494,455 (+29%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$60M$40M$20M$0-$20MAssets 2017: $36,276,992Liabilities 2017: $37,537,815Net Assets 2017: -$1,260,8232017Assets 2018: $33,429,806Liabilities 2018: $39,883,681Net Assets 2018: -$6,453,8752018Assets 2019: $28,404,398Liabilities 2019: $38,556,870Net Assets 2019: -$10,152,4722019Assets 2020: $29,499,317Liabilities 2020: $40,571,090Net Assets 2020: -$11,071,7732020Assets 2021: $29,613,197Liabilities 2021: $40,544,906Net Assets 2021: -$10,931,7092021Assets 2022: $30,506,988Liabilities 2022: $40,804,686Net Assets 2022: -$10,297,6982022Assets 2023: $30,973,833Liabilities 2023: $40,474,232Net Assets 2023: -$9,500,3992023Assets 2024: $31,323,291Liabilities 2024: $40,134,574Net Assets 2024: -$8,811,2832024

Highlighted filing

2019

Assets$28,404,398
Liabilities$38,556,870
Net Assets-$10,152,472
Open 2019 Filing

Operations Trend

Revenue Growth81st percentile

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

$10M$5.0M$0-$5.0M-$10MRevenue 2017: $896,907Expenses 2017: $80,201Net Income 2017: $816,7062017Revenue 2018: $897,695Expenses 2018: $6,090,747Net Income 2018: -$5,193,0522018Revenue 2019: $1,080,230Expenses 2019: $4,778,827Net Income 2019: -$3,698,5972019Revenue 2020: $2,146,784Expenses 2020: $3,066,085Net Income 2020: -$919,3012020Revenue 2021: $2,172,080Expenses 2021: $2,032,016Net Income 2021: $140,0642021Revenue 2022: $2,189,289Expenses 2022: $1,555,278Net Income 2022: $634,0112022Revenue 2023: $2,145,712Expenses 2023: $1,348,413Net Income 2023: $797,2992023Revenue 2024: $2,145,639Expenses 2024: $1,456,524Net Income 2024: $689,1152024

Highlighted filing

2019

Revenue$1,080,230
Expenses$4,778,827
Net Income-$3,698,597
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,080,230
Mission and Program Overview

Mission

Ridc mill 19a 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 19a 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$0$23,292,677▲ $23,292,677
Savings and Temporary Cash Investments$15,605,609$2,883,502▼ $12,722,107
Accounts Receivable$0$1,487,821▲ $1,487,821
Cash and Non-Interest-Bearing Accounts$468,591$554,043▲ $85,452
Total Assets$33,429,806$28,404,398▼ $5,025,408
Other Assets Total$17,355,606$186,355▼ $17,169,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$35,520,000$37,118,675▲ $1,598,675
Accounts Payable and Accrued Expenses$4,360,731$1,413,212▼ $2,947,519
Deferred Revenue$2,950$24,983▲ $22,033
Total Liabilities$39,883,681$38,556,870▼ $1,326,811
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,453,875$-10,152,472▼ $3,698,597
Total Net Assets Fund Balance$-6,453,875$-10,152,472▼ $3,698,597
Total Liabilities and Net Assets / Fund Balance$33,429,806$28,404,398▼ $5,025,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,384,538$270,690$21,655,228
Land$1,352,264-$1,352,264
Leasehold Improvements$555,875$25,616$581,491
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleOtherTotal
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
Dudukovich TamaraDirector
Ruppersberger DavidDirector
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

Highest Paid Contractors

ContractorServicesLocationCompensation
Turner Construction CompanyConstruction Contractor925 LIBERTY AVENUE 3RD FLOOR, Pittsburgh, PA 15222$9,983,301
Jendoco Construction CorporationConstruction Contractor2000 LINCOLN ROAD, Pittsburgh, PA 15232$782,986
Meyer Scherer & Rockcastle LtdArchitectsDBA MSR DESIGN 510 MARQUETTE AVE, Minneapolis, MN 55402$283,225
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,072,798
Investment Income
$7,432
Other Revenue
$0
Change in Net Assets
$-3,698,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,053,827
Grants and Similar Amounts Paid$725,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$725,000--$725,000
Depreciation Depletion$296,307--$296,307
Interest$207,187--$207,187
Fees for Services Other$135,038--$135,038
Office Expenses$5,119--$5,119
Fees for Services Accounting$2,440--$2,440
Travel$628--$628
Advertising$164--$164
Other Expenses$153--$153
Insurance$150--$150
Total Functional Expenses$4,778,827$0$0$4,778,827
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ridc of Southwestern Pennsylvania Growth FundPittsburgh, PA501(c)(3)General Operating Use$725,000
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 19a
EIN
82-2985893
Phone
4123156441
Address
611 WILLIAM PENN PLACE NO 600, PITTSBURGH, PA 15219

Signing Officer

Name
W Michael Saul
Title
Treasurer
Phone
4123156441
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Michael Saul
Formed
2017
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 return for the years 2017 and beyond remains subject to examination by the internal revenue service.”

Raw XML AppendixShowing 400 of 920 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/ReportableCompFromRltdOrgAmt12154414
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13140280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14103502
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/TitleTxt63/31/19) VP - REAL ESTATE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASST. CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR VP - DEVELOPMENT
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/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0725000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0725000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0725000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01080230
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0150
IRS990/InsuranceGrp/TotalAmt0150
IRS990/InterestGrp/ProgramServicesAmt0207187
IRS990/InterestGrp/TotalAmt0207187
IRS990/InvestmentIncomeGrp/ExclusionAmt07432
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07432
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0296306
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023292677
IRS990/LandBldgEquipCostOrOtherBssAmt023588983
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RIDC MILL 19A 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/BOYAmt035520000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt037118675
IRS990/NetAssetsOrFundBalancesBOYAmt0-6453875
IRS990/NetAssetsOrFundBalancesEOYAmt0-10152472
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-6453875
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-10152472
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt05119
IRS990/OfficeExpensesGrp/TotalAmt05119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017355606
IRS990/OtherAssetsTotalGrp/EOYAmt0186355
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0IMPAIRMENT
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt03380623
IRS990/OtherExpensesGrp/ProgramServicesAmt126018
IRS990/OtherExpensesGrp/ProgramServicesAmt2153
IRS990/OtherExpensesGrp/TotalAmt03380623
IRS990/OtherExpensesGrp/TotalAmt126018
IRS990/OtherExpensesGrp/TotalAmt2153
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0W MICHAEL SAUL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01072798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01072798
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0875000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018195
IRS990/PYOtherExpensesAmt06090747
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04500
IRS990/PYRevenuesLessExpensesAmt0-5193052
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06090747
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0897695
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3698597
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01072798
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015605609
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02883502
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 19A 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/SupportAmt04778827
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt04778827
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt021384538
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0270690
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021655228
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01352264
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01352264
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0555875
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025616
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0581491
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2019 AND 2018 THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURN FOR THE YEARS 2017 AND BEYOND REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023292677
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0725000
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$28,404,398
Liabilities
$38,556,870
Net assets
-$10,152,472
Revenue
$1,080,230
Expenses
$4,778,827
Net income
-$3,698,597
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.3$40.1$8.81$2.15$1.46$0.69
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.0$40.5$9.50$2.15$1.35$0.80
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.5$40.8$10.3$2.19$1.56$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.6$40.5$10.9$2.17$2.03$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.5$40.6$11.1$2.15$3.07$0.92
2019Detailed filing. Detailed filing data is available for this year.$28.4$38.6$10.2$1.08$4.78$3.70
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$39.9$6.45$0.90$6.09$5.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.3$37.5$1.26$0.90$0.08$0.82