2019-11-15T15:57:35-06:00 2018-12-31 251467156 SISTERSON & CO LLP 310 GRANT STREET SUITE 2100 PITTSBURGH PA 15219 990 2018-01-01 251603768 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC 4123156441 611 WILLIAM PENN PLACE NO 600 PITTSBURGH PA 15219 W MICHAEL SAUL TREASURER 4123156441 2019-11-15 1 MICHAEL M COMSTOCK CPA P00474378 4122812025 209.166.188.2 2019-11-15 16:52:05 ES P 00B378408FB0CCF758C8D6C7746E0B9100F6E204 BA07EF8E9F2481B38721EF405A7BC7846C9E8C6E 2018 2020-03-31 21:24:44Z X W MICHAEL SAUL 611 WILLIAM PENN PLACE NO 600 PITTSBURGH PA 15219 3713487 0 X WWW.RIDC.ORG X 1989 PA OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC TESTING FOR PUBLIC SAFETY, LITERARY, EDUCATIONAL TRAINING, COMMUNITY DEVELOPMENT, COMMUNITY CONSERVATISM, AND OTHER PUBLIC SERVICE PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 7 6 0 0 0 0 406373 2233879 1052382 817170 380290 628825 1087643 33613 2926688 3713487 0 0 0 0 0 0 0 0 0 2469652 5670016 2469652 5670016 457036 -1956529 74212625 75245457 71570018 74546672 2642607 698785 X OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC TESTING FOR PUBLIC SAFETY, LITERARY, EDUCATIONAL TRAINING, COMMUNITY DEVELOPMENT, COMMUNITY CONSERVATISM, AND OTHER PUBLIC SERVICE PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 0 0 5670016 850783 THIS ORGANIZATION PROVIDES SUPPORT TO AN EXEMPT REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION IN AN EFFORT TO PROVIDE BUSINESS EXPANSION AND JOB OPPORTUNITIES IN DEPRESSED COMMUNITIES BY ADAPTIVE RE-USE DEVELOPMENT OF UNDERUTILIZED MANUFACTURING FACILITIES. 5670016 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 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 0 1 1 0 1 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 X W MICHAEL SAUL TREASURER 4123156441 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 SMITH DONALD F JR PRESIDENT 4.00 42.00 X X 0 441433 30433 CLARK G REYNOLDS CHAIRMAN/DIRECTOR 0.50 3.50 X X 0 0 0 BUSS SARA DAVIS ESQUIRE DIRECTOR/VICE CHAIRMAN 0.50 3.50 X X 0 0 0 CARTWRIGHT ERIC DIRECTOR 0.50 2.00 X 0 0 0 KURTZROCK MARK JAY DIRECTOR 0.50 2.50 X 0 0 0 STEPHENSON SAMUEL J DIRECTOR 0.50 2.50 X 0 0 0 YABLONSKY DENNIS DIRECTOR 0.50 1.50 X 0 0 0 GRIMES MARCIA L ESQUIRE ASSISTANT SECRETARY 0.50 3.00 X 0 0 0 JOYCE DENNIS M CHIEF OPERATING OFFICER 4.00 41.00 X 0 301183 40502 DREHER ADARRYL ASSOCIATE VP - FINANCE 4.00 42.00 X 0 204743 31888 KIRK WILLIAM C JR VP - REAL ESTATE OPERATIONS 4.00 40.50 X 0 174340 33388 POREMSKI COLLEEN B CORPORATE SECRETARY 4.00 42.00 X 0 91317 23957 SAUL W MICHAEL TREASURER 4.00 42.00 X 0 113934 28541 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 4.00 42.00 X 0 241286 35604 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 4.00 41.50 X 0 125078 16571 LEVY LAWRENCE DEVELOPMENT PROJECT MGR 4.00 39.00 X 0 102963 26140 0 1796277 267024 0 0 1 0 TURNER CONSTRUCTION COMPANY 925 LIBERTY AVE 3RD FLOOR PITTSBURGH PA 15222 CONSTRUCTION CONTRACTOR 4234365 ABMECH ACQUISITIONS LLC PO BOX 280 INDIANA PA 15701 REMEDIATION SERVICES 457202 ABMECH INC 976 FOREST AVE WEST HOMESTEAD PA 15120 REMEDIATION SERVICES 209885 3 2233879 2233879 SERVICE & MANAGEMENT 532000 521649 521649 RENTAL INCOME 531120 295521 295521 817170 628825 628825 OTHER REVENUE 531390 33613 33613 33613 3713487 850783 0 628825 9952 9952 49107 49107 11312 11312 18182 18182 247 247 32152 32152 165 165 1011049 1011049 138134 138134 7590 7590 IMPAIRMENT 4306851 4306851 REAL ESTATE TAXES 60518 60518 MAINTENANCE 24121 24121 UTILITIES 636 636 5670016 5670016 0 0 91415 369023 3209987 2435989 307466 1978845 1344559 294993 32783300 32783300 22235 19625 1802029 637649 1302513 1164380 4068722 4068722 31082428 32130580 74212625 75245457 45054043 48537596 80298 98016 26435677 25911060 71570018 74546672 X 2642607 698785 2642607 698785 74212625 75245457 X -1956529 12707 X 0 1 X 1 0 X X 1 REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION 251033264 10 1 5670016 0 1 5670016 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 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 2018 WAS 41.54% AND INVESTMENT INCOME PERCENTAGE FOR 2018 WAS 6.58%. PART IV, SECTION A, LINE 3C STRATEGIC 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). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 253545 114095 139450 1494984 483429 1011555 53500 40125 13375 1164380 RIDC LTC 48 TECH FORGE BUILDING 2716458 C RIDC MILL 19A BUILDING 1352264 C 4068722 REAL ESTATE IN PROGRESS 30359457 CONSTRUCTION IN PROGRESS 1417835 INTEREST RATE SWAP ASSET 353288 32130580 X PART X, LINE 2: AS OF DECEMBER 31, 2018 AND 2017, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2015 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SMITH DONALD F JR PRESIDENT 0 380000 0 60000 0 1433 0 19250 0 11183 0 471866 0 0 JOYCE DENNIS M CHIEF OPERATING OFFICER 0 300000 0 0 0 1183 0 19250 0 21252 0 341685 0 0 DREHER ADARRYL ASSOCIATE VP - FINANCE 0 174098 0 29478 0 1167 0 9993 0 21895 0 236631 0 0 KIRK WILLIAM C JR VP - REAL ESTATE OPERATIONS 0 163200 0 10000 0 1140 0 11592 0 21796 0 207728 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 0 191521 0 48552 0 1213 0 13592 0 22012 0 276890 0 0 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 THE STAFF OF RIDC AND REVIEWED 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. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS TO RIDC MILL 19B - LAND 1,100,339 TRANSFER OF ASSETS TO RIDC MILL 19B - CONSTRUCTION IN PROGRESS 315,515 TRANSFER OF LIABILITIES TO RIDC MILL 19B - (1,428,561) RIDC LTC 48 LEVERAGED LENDER LLC 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 812003435 RE DEVELOPMENT PA 41437 9011395 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19A LEVERAGED LENDER LLC 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 320544577 RE DEVELOPMENT PA -428651 24484297 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19B LEVERAGE LENDER LLC 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 364914529 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PA 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 251033264 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(6) N/A N/A 0 THE RIDC REGIONAL GROWTH FUND 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 251495484 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC FUND FOR ECONOMIC GROWTH 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 251636676 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC LTC 48 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 811907116 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 PITTSBURGH TECHNOLOGY CENTER ASSOCIATION 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 251762563 PROPERTY MANAGEMENT PA 501(C)(4) N/A N/A 0 INDUSTRIAL CENTER OF MCKEESPORT ASSOCIATION 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 461685366 PROPERTY MANAGEMENT PA 501(C)(4) N/A N/A 0 RIDC MILL 19A 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 822985893 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC MILL 19B 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 352617410 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 INNOVATION RIDGE PARTNERS LP 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 251833057 RE DEVELOPMENT PA RIDC OF SWPA RELATED 0 0 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 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 273458190 RE DEVELOPMENT PA RIDC OF SW PA C 0 RIDC REAL ESTATE INVESTMENT COMPANY 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 273652717 RE DEVELOPMENT PA RIDC OF SW PA C 0 INNOVATION RIDGE COMMERCIAL PROPERTY OWNERS ASSOCIATION 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 203871581 PROPERTY MANAGEMENT PA RIDC OF SW PA C 0 RIDC MILL 19 CONDOMINIUM ASSOCIATION 611 WILLIAM PENN PLACE SUITE 600 PITTSBURGH PA 15219 352610106 PROPERTY MANAGEMENT PA RIDC OF SW PA GF C 7282 54669 0.64500 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 RIDC MILL 19B 35-2617410 (TRANSFER OF LAND) R -1100339 ACTUAL COST INCURRED RIDC MILL 19B 35-2617410 (TRANSFER OF ASSETS - CIP) R -315515 ACTUAL COST INCURRED RIDC MILL 19B 35-2617410 (TRANSFER OF LIAB - AP & ACCRUALS) R 1428561 ACTUAL COST INCURRED RIDC MILL 19B 35-2617410 (LOAN BALANCES) D 4396450 ACTUAL COST INCURRED RIDC MILL 19B 35-2617410 (PRINCIPAL INCREASE) D 4396450 ACTUAL COST INCURRED RIDC MILL 19A 82-2985893 (LOAN BALANCE) D 1900277 ACTUAL COST INCURRED RIDC MILL 19A 82-2985893 (PRINCIPAL INCREASE) D 1003822 ACTUAL COST INCURRED RIDC LTC 48 81-1907116 (LOAN BALANCE) D 1476842 ACTUAL COST INCURRED RIDC LTC 48 81-1907116 (PRINCIPAL INCREASE) D 1048552 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (LOAN BALANCE) E 55691431 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (PRINCIPAL INCREASE) E 10521114 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (INTEREST) E 1829362 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (SHARED PAYROLL) O 213000 ACTUAL COST INCURRED