2023-11-14T18:18:37-06:00 2022-12-31 251467156 SISTERSON & CO LLP 310 GRANT STREET SUITE 2100 PITTSBURGH PA 15219 990 2022-01-01 251033264 REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PENNSYLVANIA REGI 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 MARIAN D KURTA TREASURER 4123156440 2023-11-13 1 MARIAN KURTA 999009999 0 MELISSA PUGNE P01288890 4122812025 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MARIAN D KURTA 267 KAPPA DRIVE PITTSBURGH PA 15238 22868540 0 X WWW.RIDC.ORG X 1955 PA THE MISSION OF THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA IS TO CATALYZE AND SUPPORT ECONOMIC GROWTH AND HIGH QUALITY JOB CREATION THROUGH REAL ESTATE DEVELOPMENT AND FINANCE OF PROJECTS THAT ADVANCE THE PUBLIC INTEREST. 22 21 39 0 0 0 1070958 0 19334003 18644361 12437307 3998755 916434 34209 33758702 22677325 0 0 0 0 5384466 5556400 0 0 0 15225820 14967026 20610286 20523426 13148416 2153899 178323730 178165590 28617955 26305916 149705775 151859674 X RIDC WAS INCORPORATED IN 1955 TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE TEN COUNTIES IN SOUTHWESTERN PENNSYLVANIA. THROUGH PUBLIC, PRIVATE, AND INSTITUTIONAL PARTNERSHIPS, RIDC DEVELOPS REAL ESTATE TO ENSURE THE REGION CAN CAPTURE EMERGING AND EXISTING GROWTH OPPORTUNITIES. 0 0 20523426 18678570 THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA (RIDC) DEVELOPS AND RENTS PROPERTY PRINCIPALLY IN ECONOMICALLY DEPRESSED AREAS AT BELOW MARKET VALUE. RIDC OBTAINS AND GUARANTEES LOW INTEREST LOANS WITH THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY ON BEHALF OF SMALL BUSINESSES. THESE ACTIVITIES ARE CONDUCTED SOLELY TO ASSIST IN COMBATING COMMUNITY DETERIORATION THROUGH THE INCREASE IN THE LEVEL OF INDUSTRY & EMPLOYMENT OPPORTUNITIES, THUS ASSISTING FEDERAL, STATE AND LOCAL GOVERNMENTS IN SIMILAR EFFORTS. 20523426 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 45 0 1 39 1 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X MARIAN D KURTA TREASURER 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 SMITH DONALD F JR PRESIDENT 35.00 11.00 X X 591142 0 37755 BLOCKSIDGE CHARLES T DIRECTOR EMERITUS 1.00 0.00 X 0 0 0 DESANTIS MARK DIRECTOR 0.50 0.00 X 0 0 0 FITZGERALD RICH DIRECTOR EX-OFFICIO 0.50 0.00 X 0 0 0 HUNT WILLIAM DIRECTOR/VICE CHAIRMAN 1.00 3.00 X X 0 0 0 KURTZROCK MARK JAY DIRECTOR 1.50 1.50 X 0 0 0 MCNULTY TIMOTHY P DIRECTOR 0.50 1.50 X 0 0 0 MARR MICHAEL DIRECTOR 0.50 0.00 X 0 0 0 MONDI PATRICK DIRECTOR 0.50 0.00 X 0 0 0 RUTENBAR ROB DIRECTOR 0.50 0.00 X 0 0 0 PEASE ROBERT B DIRECTOR EMERITUS 0.50 0.00 X 0 0 0 RUSSO AUDREY DIRECTOR 0.50 0.00 X 0 0 0 STEPHENSON SAMUEL J CHAIRMAN/DIRECTOR 1.00 3.00 X X 0 0 0 STEWART JASON DIRECTOR 0.50 0.00 X 0 0 0 VOGLER DANIEL J DIRECTOR 0.50 0.00 X 0 0 0 VOLPATTI KRIS DIRECTOR 0.50 0.00 X 0 0 0 GIOVANNITTI JENNIFER DIRECTOR 0.50 0.00 X 0 0 0 HANNON MICHAEL J DIRECTOR 0.50 0.00 X 0 0 0 O'BRIEN TIM DIRECTOR 0.50 0.00 X 0 0 0 OSCHE LESLIE DIRECTOR 0.50 0.00 X 0 0 0 BELL MARGARET DIRECTOR 0.50 0.00 X 0 0 0 GAINEY ED DIRECTOR 0.50 0.00 X 0 0 0 PROCTOR DANIELLE DIRECTOR 0.50 0.00 X 0 0 0 SBROCCO GREG DIRECTOR 0.50 0.00 X 0 0 0 CLARK G REYNOLDS DIRECTOR EMERITUS 0.50 0.00 X 0 0 0 POREMSKI COLLEEN B 122-322 ASST. CORPORATE SECRETARY 35.00 11.00 X 26267 0 7816 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 35.00 11.00 X 350027 0 50198 HOBBES JASON W CORPORATE SECRETARY 35.00 11.00 X 208624 0 38805 JOYCE DENNIS M RET 62022 CHIEF OPERATING OFFICER 35.00 10.00 X 215501 0 35728 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 35.00 10.50 X 272580 0 42452 CUNNINGHAM W H 122-522 TREASURER 35.00 11.00 X 97962 0 22615 KURTA MARIAN D 522-1222 TREASURER 35.00 11.00 X 107295 0 32409 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 35.00 10.50 X 176487 0 21174 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 35.00 11.00 X 156437 0 35386 BUECHLI JOHN CONSTRUCTION MANAGER 35.00 11.00 X 133051 0 33960 MILLER KEITH DIRECTOR OF SITE DEVELOPMENT 35.00 11.00 X 146920 0 11180 VICARIO MARY JO SENIOR PROPERTY MANAGER 35.00 11.00 X 119513 0 17332 2601806 0 386810 15 0 1 0 CHUBB PO BOX 382001 PITTSBURGH PA 15250 INSURANCE 913671 FTBA PO BOX 121 VALENCIA PA 16059 ELECTRICAL MAINTENANCE 622454 SCALISE INDUSTRIES DBA EMCOR SERVICES PO BOX 611 LAWRENCE PA 15055 CONSTRUCTION CONTRACTOR 571745 UPMC ONE CHATHAM CENTER 112 WASHINGTON P PITTSBURGH PA 15219 INSURANCE 503890 PLANTSCAPE INC 3101 LIBERTY AVENUE PITTSBURGH PA 15201 LANDSCAPING 333261 23 RENTAL INCOME 531120 16544832 16544832 SERVICE & MANAGEMENT 532000 2099529 2099529 18644361 3473170 3473170 716800 191215 525585 525585 525585 OTHER REVENUE 531390 34209 34209 34209 22677325 18678570 0 3998755 1869398 2440653 258433 688354 299562 71533 30563 63204 455254 208513 129520 430732 340577 19688 443470 6050738 631463 MAINTENANCE 3019162 TAXES 2375305 UTILITIES 606154 OTHER 91150 20523426 917962 1636451 42959041 30207946 1669926 1663677 69167480 82886119 4407500 4407500 805928 872480 147953328 95558897 54731290 52394431 3664603 4096986 178323730 178165590 3450609 2479262 1373371 1285213 15555146 14373912 8238829 8167529 28617955 26305916 X 149705775 151859674 149705775 151859674 178323730 178165590 2153899 0 X 0 1 X 1 0 4635596 4635596 106474319 66880031 39594288 31790380 27025415 4764965 5053033 1653451 3399582 52394431 REAL ESTATE PROJECTS IN PROGRESS - EXCESS REVENUE OVER COSTS 8167529 8167529 X PART X, LINE 2: EXPLANATION: AS OF DECEMBER 31, 2022 AND 2021, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X X 1 0 0 SMITH DONALD F JR PRESIDENT 473187 0 116500 0 1455 0 21350 0 16405 0 628897 0 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 297112 0 51460 0 1455 0 20942 0 29256 0 400225 0 0 0 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 238830 0 33750 0 0 0 16895 0 25557 0 315032 0 0 0 JOYCE DENNIS M RET 62022 CHIEF OPERATING OFFICER 153603 0 61500 0 398 0 10775 0 24953 0 251229 0 0 0 HOBBES JASON W CORPORATE SECRETARY 191124 0 17500 0 0 0 13449 0 25356 0 247429 0 0 0 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 166772 0 9000 0 715 0 11699 0 9475 0 197661 0 0 0 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 144311 0 11500 0 626 0 10237 0 25149 0 191823 0 0 0 BUECHLI JOHN CONSTRUCTION MANAGER 126007 0 6500 0 544 0 8896 0 25064 0 167011 0 0 0 MILLER KEITH DIRECTOR OF SITE DEVELOPMENT 144420 0 2500 0 0 0 10100 0 1080 0 158100 0 0 0 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 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 AUDIT COMMITTEE, AS WELL AS THE EXECUTIVE COMMITTEE OF THE 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 OFFICERS' SALARIES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. ALL OTHER EMPLOYEES ARE REVIEWED BY THE PRESIDENT. PERIODICALLY, AN INDEPENDENT CONSULTANT IS USED FOR DETERMINING EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. RIDC LTC 48 LEVERAGED LENDER LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 812003435 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19A LEVERAGED LENDER LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 320544577 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19B LEVERAGE LENDER LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 364914529 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND FILM FURNACE LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 842113529 ECONOMIC DEV OF SWPA PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 80-82 44TH ST LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 843046991 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 267 KAPPA DRIVE PITTSBURGH PA 15238 251603768 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 THE RIDC REGIONAL GROWTH FUND 267 KAPPA DRIVE PITTSBURGH PA 15238 251495484 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 THE RIDC FUND FOR ECONOMIC GROWTH 267 KAPPA DRIVE PITTSBURGH PA 15238 251636676 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC LTC 48 267 KAPPA DRIVE PITTSBURGH PA 15238 811907116 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 INDUSTRIAL CENTER OF MCKEESPORT ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 461685366 PROPERTY MANAGEMENT PA 501(C)(4) N/A N/A 0 RIDC MILL 19A 267 KAPPA DRIVE PITTSBURGH PA 15238 822985893 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC MILL 19B 267 KAPPA DRIVE PITTSBURGH PA 15238 352617410 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC MILL 19C 267 KAPPA DRIVE PITTSBURGH PA 15238 871417180 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 INNOVATION RIDGE PARTNERS LP 267 KAPPA DRIVE PITTSBURGH PA 15238 251833057 RE DEVELOPMENT PA RIDC OF SWPA RELATED 12019795 0 1 0.99900 CW DEVELOPMENT LP ONE BIGELOW SQUARE SUITE 630 PITTSBURGH PA 15219 364734310 RE DEVELOPMENT PA COMMONS AT THORN HILL GP LLC RELATED 0 0 THORNHILL PARTNERS LP ONE BIGELOW SQUARE SUITE 630 PITTSBURGH PA 15219 822955090 RE DEVELOPMENT PA ELMHURST TH GP LLC RELATED 0 0 INNOVATION RIDGE DEVELOPMENT CORPORATION 267 KAPPA DRIVE PITTSBURGH PA 15238 273458190 RE DEVELOPMENT PA RIDC OF SW PA C -232 1.00000 1 RIDC REAL ESTATE INVESTMENT COMPANY 267 KAPPA DRIVE PITTSBURGH PA 15238 273652717 RE DEVELOPMENT PA RIDC OF SW PA C 444356 4011828 1.00000 1 INNOVATION RIDGE COMMERCIAL PROPERTY OWNERS ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 203871581 PROPERTY MGT PA RIDC OF SW PA C 0 RIDC MILL 19 CONDOMINIUM ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 352610106 PROPERTY MGT PA RIDC OF SW PA GROWTH FUND C 0 1 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (INTEREST) A 2118132 ACTUAL COST INCURRED RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (LOAN BALANCE) D 69056752 ACTUAL COST INCURRED RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (NOTE PRINCIPAL INC) D 10880991 ACTUAL COST INCURRED RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (SHARED PAYROLL) O 241000 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (LOAN BALANCE) D 5321148 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (NOTE PRINCIPAL INCREASE) D 1658355 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (SHARED PAYROLL) O 600000 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (INTEREST) A 216675 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (MGT FEES) L 603000 ACTUAL COST INCURRED INNOVATION RIDGE PARTNERS LP - 25-1833057 (SHARED PAYROLL) O 133000 ACTUAL COST INCURRED INNOVATION RIDGE PARTNERS LP - 25-1833057 (LOAN BALANCE) D 6520330 ACTUAL COST INCURRED INNOVATION RIDGE PARTNERS LP - 25-1833057 (NOTE PRINCIPAL INCREASE) D 940280 ACTUAL COST INCURRED RIDC REAL ESTATE INVESTMENT COMPANY - 27-3652717 (NOTE PRINCIPAL INCREASE) E 639816 ACTUAL COST INCURRED RIDC REAL ESTATE INVESTMENT COMPANY - 27-3652717 (LOAN BALANCE) E 95895 ACTUAL COST INCURRED REDC OF SW PA - 25-1636676 (LOAN BALANCE) E 338561 ACTUAL COST INCURRED REDC OF SW PA - 25-1636676 (NOTE PRINCIPAL DECREASE) E -75431 ACTUAL COST INCURRED REDC OF SW PA - 25-1636676 (INTEREST) A 10439 ACTUAL COST INCURRED