2018-11-15T14:48:09-06:00 2017-12-31 251467156 SISTERSON & CO LLP 310 GRANT STREET SUITE 2100 PITTSBURGH PA 15219 990 2017-01-01 251033264 REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PENNSYLVANIA REGI 4123156441 210 SIXTH AVENUE NO 3620 PITTSBURGH PA 152222602 W MICHAEL SAUL TREASURER 4123156441 2018-11-15 1 MICHAEL M COMSTOCK CPA P00474378 4122812025 209.166.188.2 2018-11-15 15:47:19 ES P E0103FD8AB75639D178D55F32F636A6488E06F3B 3836BD86A225A2435177971C6155D9B700CEE954 2017 2019-02-21 02:37:17Z W MICHAEL SAUL 210 SIXTH AVENUE NO 3620 PITTSBURGH PA 152222602 22199258 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 33 0 0 0 1564186 140269 20238882 20819356 1423290 1237949 17264 1684 23243622 22199258 0 0 0 0 3416596 3729513 0 0 0 13411859 14894636 16828455 18624149 6415167 3575109 148324307 158893032 30014299 37007915 118310008 121885117 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 18624149 20819356 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. 18624149 0 1 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 58 0 1 33 1 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 0 1 1 1 0 X W MICHAEL SAUL CONTROLLER TREAS 4123156441 210 SIXTH AVENUE SUITE 3620 PITTSBURGH PA 152222602 AUDREY RUSSO DIRECTOR 0.50 0.00 X 0 0 0 CHARLES T BLOCKSIDGE DIRECTOR 1.00 0.00 X 0 0 0 DANIEL J VOGLER DIRECTOR 0.50 0.00 X 0 0 0 DARRELL E SMALLEY DIRECTOR 1.00 0.00 X 0 0 0 DENNIS M JOYCE 5117- 12/31/17) CHIEF OPERATING OFFICER 40.00 9.00 X X 200468 0 28372 DENNIS YABLONSKY DIRECTOR 0.50 0.00 X 0 0 0 DONALD F SMITH JR PRESIDENT 40.00 9.50 X X 390000 0 31737 ERIC CARTWRIGHT DIRECTOR 1.00 1.50 X 0 0 0 G REYNOLDS CLARK CHAIRMAN/DIRECTOR 1.00 2.50 X X 0 0 0 J WILLIAM RICHARDSON DIRECTOR 0.50 0.00 X 0 0 0 KRIS VOLPATTI DIRECTOR 0.50 0.00 X 0 0 0 LOUIS V OLIVA DIRECTOR 0.50 0.00 X 0 0 0 MARK ALOE DIRECTOR 0.50 0.00 X 0 0 0 MARK JAY KURTZROCK DIRECTOR 1.50 1.50 X 0 0 0 MICHAEL J HANNON DIRECTOR 0.50 0.00 X 0 0 0 RICH FITZGERALD DIRECTOR 0.50 0.00 X 0 0 0 ROBERT B PEASE DIRECTOR 0.50 0.00 X 0 0 0 RODNEY RUDDOCK DIRECTOR 0.50 0.00 X 0 0 0 SAMUEL J STEPHENSON 5117- 12/31/17) VICE CHAIRMAN 1.50 2.00 X X 0 0 0 SARA DAVIS BUSS ESQUIRE DIRECTOR 1.00 2.00 X 0 0 0 STEVEN J GUY DIRECTOR 0.50 0.00 X 0 0 0 TIMOTHEY P MCNULTY DIRECTOR 0.50 0.00 X 0 0 0 WILLIAM PEDUTO DIRECTOR 0.50 0.00 X 0 0 0 ADARRYL DREHER ASSOCIATE VP - FINANCE 40.00 10.00 X 179100 0 34178 COLLEEN B POREMSKI CORPORATE SECRETARY 40.00 10.00 X 88441 0 24811 MARCIA L GRIMES ESQUIRE ASSISTANT SECRETARY 0.50 2.50 X 0 0 0 TIMOTHY F WHITE SENIOR VP - DEVELOPMENT 40.00 10.00 X 205922 0 34842 W MICHAEL SAUL TREASURER 40.00 10.00 X 109171 0 28042 WILLIAM C KIRK JR VP - REAL ESTATE OPERATIONS 40.00 9.00 X 188502 0 33752 BARBARA SNOWBALL DIRECTOR OF LEASING 40.00 0.00 X 112379 0 15264 DONALD JOHNSON SENIOR DEVELOPMENT MANAGER 40.00 5.50 X 107458 0 29076 DANIEL SHAREK DIRECTOR OF ENGINEERING SERVICES 40.00 10.00 X 131195 0 31070 J JAMES PALOCHIK DIRECTOR OF CONSTRUCTION 32.00 3.00 X 102925 0 17342 1815561 0 308486 10 0 1 0 FRANJO CONSTRUCTION CORP 335 E 7TH AVE HOMESTEAD PA 15120 CONSTRUCTION CONTRACT 671384 BURNS & SCALO 22 RUTGERS RD STE 300 PITTSBURGH PA 15205 ROOFING CONTRACTOR 504601 BABST CALLAND CLEMENTS ZOMNIR TWO GATEWAY CTR PITTSBURGH PA 15222 ATTORNEYS 353430 MORET CONSTRUCTION CO INC 700 GREENSBURG RD LOWER BURRELL PA 15068 CONSTRUCTION CONTRACT 351969 UPMC ONE CHATHAM CENTER 112 WASHINGTON PITTSBURGH PA 15219 INSURANCE COMPANY 297387 23 140269 140269 RENTAL INCOME 531120 19081737 19081737 SERVICE & MANAGEMENT 532000 1737619 1737619 20819356 1237949 1237949 OTHER REVENUE 531390 1684 1684 1684 22199258 20821040 0 1237949 1361604 1543546 189150 410574 224639 408859 28490 57399 493236 82394 66779 264727 228442 14089 679893 6150899 310849 TAXES 3007360 MAINTENANCE 1569954 IMPAIRMENT 685782 UTILITIES 508775 336709 18624149 300873 182838 21438918 16183029 77500 77500 40814553 55696562 1750000 3950000 826563 970123 167130970 90358534 78870171 76772436 4245729 5060544 148324307 158893032 1396396 1883311 1653824 1344736 20339433 25464616 6624646 8315252 30014299 37007915 X 118310008 121885117 118310008 121885117 148324307 158893032 3575109 0 X 0 1 X 1 0 6738796 6738796 125779933 65760120 60019813 33520057 24032251 9487806 1092184 566163 526021 76772436 REAL ESTATE PROJECTS IN PROGRESS - EXCESS REVENUE OVER COSTS 8315252 8315252 X PART X, LINE 2: EXPLANATION: AS OF DECEMBER 31, 2017 AND 2016, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2014 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X X 0 0 0 DENNIS M JOYCE 5117- 12/31/17) CHIEF OPERATING OFFICER 200468 0 0 0 0 0 14000 0 14372 0 228840 0 0 0 DONALD F SMITH JR PRESIDENT 330000 0 60000 0 0 0 18900 0 12837 0 421737 0 0 0 ADARRYL DREHER ASSOCIATE VP - FINANCE 167550 0 11550 0 0 0 11897 0 22281 0 213278 0 0 0 TIMOTHY F WHITE SENIOR VP - DEVELOPMENT 178922 0 27000 0 0 0 12525 0 22317 0 240764 0 0 0 WILLIAM C KIRK JR VP - REAL ESTATE OPERATIONS 162502 0 26000 0 0 0 11494 0 22258 0 222254 0 0 0 DANIEL SHAREK DIRECTOR OF ENGINEERING SERVICES 126195 0 5000 0 0 0 8976 0 22094 0 162265 0 0 0 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 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 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 812003435 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19A LEVERAGED LENDER LLC 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 320544577 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251603768 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 THE RIDC REGIONAL GROWTH FUND 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251495484 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 THE RIDC FUND FOR ECONOMIC GROWTH 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251636676 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 RIDC LTC 48 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 811907116 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 PITTSBURGH TECHNOLOGY CENTER ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251762563 PROPERTY MANAGEMENT PA 501(C)(4) 12(A) N/A 0 INDUSTRIAL CENTER OF MCKEESPORT ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 461685366 PROPERTY MANAGEMENT PA 501(C)(4) 12(A) N/A 0 RIDC MILL 19A 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 822985893 ECONOMIC DEVELOPMENT OF SW PA PA 501(C)(3) 12(A) N/A 0 INNOVATION RIDGE PARTNERS LP 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251833057 RE DEVELOPMENT PA RIDC OF SWPA RELATED 16624 10045609 0 1 0.99900 CW DEVELOPMENT LP ONE BIGELOW SQUARE SUITE 630 PITTSBURGH PA 15219 364734310 RE DEVELOPMENT PA CW DEVELOPMENT 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 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 273458190 RE DEVELOPMENT PA RIDC OF SW PA C 17 -232 1.00000 1 RIDC REAL ESTATE INVESTMENT COMPANY 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 273652717 RE DEVELOPMENT PA RIDC OF SW PA C 265455 3862675 1.00000 1 INNOVATION RIDGE COMMERCIAL PROPERTY OWNERS ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 203871581 PROPERTY MGT PA RIDC OF SW PA C 1 RIDC MILL 19 CONDOMINIUM ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 352610106 PROPERTY MGT PA RIDC OF SW PA GROWTH FUND C 0 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (INTEREST) A 982646 ACTUAL COST INCURRED RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (LOAN BALANCE) D 43845573 ACTUAL COST INCURRED RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (NOTE PRINCIPAL INC) D 10840684 ACTUAL COST INCURRED RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH 25-1603768 (SHARED PAYROLL) O 226000 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (LOAN BALANCE) D 3565837 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (NOTE PRINCIPAL INCREASE) D 4307618 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (SHARED PAYROLL) O 612000 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (INTEREST) A 61785 ACTUAL COST INCURRED REGIONAL GROWTH FUND - 25-1495484 (MGT FEES) L 459000 ACTUAL COST INCURRED INNOVATION RIDGE PARTNERS LP - 25-1833057 (SHARED PAYROLL) O 140000 ACTUAL COST INCURRED INNOVATION RIDGE PARTNERS LP - 25-1833057 (LOAN BALANCE) D 2770196 ACTUAL COST INCURRED INNOVATION RIDGE PARTNERS LP - 25-1833057 (NOTE PRINICPAL INCREASE) D 671377 ACTUAL COST INCURRED RIDC REAL ESTATE INVESTMENT COMPANY - 27-3652717 (LOAN BALANCE) D -278787 ACTUAL COST INCURRED