Civic Intelligence

Ridc MILL 19 A

990 • Fiscal year 2020 • EIN 82-2985893

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 26, 2021

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

98th percentile

1.38x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

18.90x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$566,837

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

40th percentile

3.9%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

99%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$29,499,317

Up $1,094,919 (+3.9%) from 2019

Net Assets

Down

-$11,071,773

Down $919,301 (-9.1%) from 2019

Liabilities

Up

$40,571,090

Up $2,014,220 (+5.2%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin7th percentile

Revenue

Up

$2,146,784

Up $1,066,554 (+99%) from 2019

Expenses

Down

$3,066,085

Down $1,712,742 (-36%) from 2019

Net Income

Up

-$919,301

Up $2,779,296 (+75%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2020

Assets$29,499,317
Liabilities$40,571,090
Net Assets-$11,071,773
Open 2020 Filing

Operations Trend

Revenue Growth94th 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

2020

Revenue$2,146,784
Expenses$3,066,085
Net Income-$919,301
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 26, 2021
Return Version
2020v4.1
Gross Receipts
$2,146,784
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$23,292,677$22,970,880▼ $321,797
Accounts Receivable$1,487,821$5,268,316▲ $3,780,495
Savings and Temporary Cash Investments$2,883,502$1,039,206▼ $1,844,296
Cash and Non-Interest-Bearing Accounts$554,043$219,294▼ $334,749
Total Assets$28,404,398$29,499,317▲ $1,094,919
Other Assets Total$186,355$1,621▼ $184,734
Liabilities
Mortgage Notes Payable Secured by Investment Property$37,118,675$40,520,000▲ $3,401,325
Accounts Payable and Accrued Expenses$1,413,212$0▼ $1,413,212
Deferred Revenue$24,983$51,090▲ $26,107
Total Liabilities$38,556,870$40,571,090▲ $2,014,220
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-10,152,472$-11,071,773▼ $919,301
Total Net Assets Fund Balance$-10,152,472$-11,071,773▼ $919,301
Total Liabilities and Net Assets / Fund Balance$28,404,398$29,499,317▲ $1,094,919

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,017,724$816,605$21,834,329
Land$1,352,264-$1,352,264
Leasehold Improvements$600,892$77,266$678,158
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Cartwright EricSr. Development Advisor$150,000$150,000
Poremski Colleen BAsst. Corporate Secretary$119,635$119,635

Board Members and Trustees

NameTitle
Clark G ReynoldsChairman/director
Smith Donald F JrPresident
Buss Sara Davis EsquireDirector/vice Chairman
Dudukovich TamaraDirector
Robinson F Brooks JrDirector
Heinricher MichaelDirector, Asset Management
Strunk Philip RDirector, Engineering Svcs
Pinelli ChristopherDirector, Property Mgmt
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$784,831
Jendoco Construction CorporationConstruction Contractor2000 LINCOLN ROAD, Pittsburgh, PA 15232$562,272
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,145,596
Investment Income
$1,188
Other Revenue
$0
Change in Net Assets
$-919,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,566,085
Grants and Similar Amounts Paid$1,500,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,500,000--$1,500,000
Depreciation Depletion$597,565--$597,565
Interest$487,849--$487,849
Fees for Services Other$152,094--$152,094
Insurance$5,254--$5,254
Fees for Services Accounting$4,400--$4,400
Other Expenses$4,180--$4,180
Fees for Services Legal$887--$887
Office Expenses$191--$191
Travel$9--$9
Total Functional Expenses$3,066,085$0$0$3,066,085
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ridc of Southwestern Pennsylvania Growth FundPittsburgh, PA501(c)(3)General Operating Use$1,500,000
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 H Cunningham
Title
Treasurer
Phone
4123156441
Signed
2021-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W H Cunningham
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, 2020 and 2019 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 900 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/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST. CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR VP - DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR, PROPERTY MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, ENGINEERING SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, ASSET MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SR. DEVELOPMENT ADVISOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt01500000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01500000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01500000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02146784
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt05254
IRS990/InsuranceGrp/TotalAmt05254
IRS990/InterestGrp/ProgramServicesAmt0487849
IRS990/InterestGrp/TotalAmt0487849
IRS990/InvestmentIncomeGrp/ExclusionAmt01188
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01188
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0893871
IRS990/LandBldgEquipBasisNetGrp/BOYAmt023292677
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022970880
IRS990/LandBldgEquipCostOrOtherBssAmt023864751
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/BOYAmt037118675
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt040520000
IRS990/NetAssetsOrFundBalancesBOYAmt0-10152472
IRS990/NetAssetsOrFundBalancesEOYAmt0-11071773
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-10152472
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-11071773
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0191
IRS990/OfficeExpensesGrp/TotalAmt0191
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0186355
IRS990/OtherAssetsTotalGrp/EOYAmt01621
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0IMPAIRMENT
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0309244
IRS990/OtherExpensesGrp/ProgramServicesAmt14412
IRS990/OtherExpensesGrp/ProgramServicesAmt24180
IRS990/OtherExpensesGrp/TotalAmt0309244
IRS990/OtherExpensesGrp/TotalAmt14412
IRS990/OtherExpensesGrp/TotalAmt24180
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0W H CUNNINGHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02145596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02145596
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0725000
IRS990/PYInvestmentIncomeAmt07432
IRS990/PYOtherExpensesAmt04053827
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01072798
IRS990/PYRevenuesLessExpensesAmt0-3698597
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04778827
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01080230
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-919301
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02145596
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02883502
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01039206
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 2020 WAS 40.35% AND INVESTMENT INCOME PERCENTAGE FOR 2020 WAS 9.30%.
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/SupportAmt03066085
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03066085
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt021017724
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0816605
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021834329
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01352264
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01352264
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0600892
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077266
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0678158
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2020 AND 2019 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/TotalBookValueLandBuildingsAmt022970880
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01500000
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
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,499,317
Liabilities
$40,571,090
Net assets
-$11,071,773
Revenue
$2,146,784
Expenses
$3,066,085
Net income
-$919,301
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
2020Detailed filing. Detailed filing data is available for this year.$29.5$40.6$11.1$2.15$3.07$0.92
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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