2017-11-15T18:03:04-06:00 2016-12-31 251467156 SISTERSON & CO LLP 310 GRANT STREET SUITE 2100 PITTSBURGH PA 15219 990 2016-01-01 251495484 THE RIDC REGIONAL GROWTH FUND RIDC 4124713939 210 SIXTH AVENUE NO 3620 PITTSBURGH PA 152222602 W MICHAEL SAUL TREASURER 4124713939 2017-11-15 1 MICHAEL M COMSTOCK CPA P00474378 4122812025 209.166.188.2 2017-11-15 18:58:15 ES P DDDED62375052E4042CC5ECBD1AB588AD7AE90E2 DDDED62375052E4042CC5ECBD1AB588AD7AE90E2 2016 2017-02-10 21:41:12Z W MICHAEL SAUL 210 SIXTH AVENUE NO 3620 PITTSBURGH PA 152222602 7886606 0 X WWW.RIDC.ORG X 1985 PA SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY. 7 6 0 0 0 0 1287013 1179494 8110027 6681273 53 767 46002 25072 9443095 7886606 0 0 0 0 408015 506021 0 0 0 7370253 7843158 7778268 8349179 1664827 -462573 23307940 21952034 11017480 10124147 12290460 11827887 SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY. 0 0 8349179 THE REGIONAL GROWTH FUND WAS INCORPORATED IN 1985 TO PROMOTE EDUCATIONAL AND TRAINING PROGRAMS IN AREAS SUCH AS COMPUTER SCIENCE, ROBOTICS, MEDICAL INSTRUMENTATION, AND ADVANCED TECHNOLOGY BY PROVIDING FACILITIES AND FINANCING TO COLLEGES AND UNIVERSITIES IN SOUTHWESTERN PENNSYLVANIA. THE PRINCIPAL PROJECT OF THE REGIONAL GROWTH FUND IS THE MANAGEMENT AND DEVELOPMENT OF THE 2,800,000 SQUARE FOOT FORMER VOLKSWAGEN PLANT/SONY FACTORY LOCATED IN WESTMORELAND COUNTY, PENNSYLVANIA. 8349179 1 1 0 0 0 0 0 0 0 0 1 0 0 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 0 1 0 0 0 1 25 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X W MICHAEL SAUL TREASURER 4123156441 210 SIXTH AVENUE SUITE 3620 PITTSBURGH PA 15222 DONALD F SMITH JR PRESIDENT 4.00 44.50 X X 0 364700 31158 G REYNOLDS CLARK CHAIRMAN/DIRECTOR 0.50 2.00 X X 0 0 0 DENNIS M JOYCE VICE CHAIRMAN/DIRECTOR 0.50 2.00 X X 0 0 0 MARK JAY KURTZROCK DIRECTOR 0.50 2.00 X 0 0 0 SAMUEL J STEPHENSON DIRECTOR 0.50 2.00 X 0 0 0 SARA DAVIS BUSS ESQUIRE DIRECTOR 0.50 2.00 X 0 0 0 ERIC CARTWRIGHT DIRECTOR 0.50 2.00 X 0 0 0 WILLIAM C KIRK JR VP - REAL ESTATE OP. 4.00 44.00 X 0 176732 28277 COLLEEN B POREMSKI CORPORATE SECRETARY 4.00 44.50 X 0 87275 22643 TIMOTHY F WHITE SENIOR VP - DEVELOPMENT 4.00 44.50 X 0 188650 28976 RONALD J COOMBS 11 TO 6302016 CFO/TREASURER 4.00 44.50 X 0 159349 22504 MARCIA L GRIMES ESQUIRE ASSISTANT SECRETARY 0.50 1.50 X 0 0 0 MARK WESSEL SENIOR VP - STRATEGIC OP. 4.00 44.50 X 0 176000 19094 ADARRYL DREHER 51 TO 12312016 ASSOCIATE VP - FINANCE 4.00 44.00 X 0 101625 17404 W MICHAEL SAUL TREASURER 4.00 44.50 X 0 100138 23295 BARBARA SNOWBALL DIRECTOR OF LEASING 4.00 44.00 X 0 109277 14441 BRAD KELLY DIRECTOR OF TECHNOLOGY LEASING 4.00 44.00 X 0 117493 24942 DANIEL SHAREK DIRECTOR OF ENGINEERING SERV 4.00 44.00 X 0 123530 25690 J JAMES PALOCHIK DIRECTOR OF CONSTRUCTION 32.00 41.00 X 0 102443 13649 D JOHNSON SENIOR DEVELOPMENT MANAGER 4.00 44.00 X 0 101150 23575 0 1908362 295648 0 0 1 0 BURNS & SCALO ROOFING CO 22 RUTGERS RD 200 PITTSBURGH PA 15205 ROOFING CONTRACTOR 1051360 GREGG PROTECTION SERVICES INC 824 EAST PITTSBURGH PLAZA EAST PITTSBURGH PA 15112 MAINTENANCE CONTRACTOR 496565 TBI CONTRACTING 1701 BOSTON HOLLOW RD MCKEESPORT PA 15135 CONSTRUCTION CONTRACTOR 221933 AM-GARD INC PO BOX 6094 HERMITAGE PA 16148 SECURITY CONTRACTOR 154827 LIMBACH COMPANY INC 31 35TH STREET PITTSBURGH PA 15201 MECHANICAL CONTRACTOR 153545 8 1179494 1179494 RENTAL INCOME 531120 6681073 6681073 SERVICE & MANAGEMENT 532000 200 200 6681273 767 767 25072 25072 25072 7886606 6706345 0 767 506000 506000 21 21 262000 262000 24424 24424 9344 9344 69549 69549 397 397 10064 10064 14902 14902 3516 3516 111116 111116 1773919 1773919 124739 124739 UTILITIES 3654878 3654878 MAINTENANCE 1501234 1501234 IMPAIRMENT 166930 166930 REAL ESTATE TAXES 115971 115971 175 175 8349179 8349179 0 0 338512 288667 57454 57516 573582 250000 2966325 1164887 21045340 4639588 17876554 16405752 1495513 3785212 23307940 21952034 2707257 1408231 383561 446443 7926662 8269473 11017480 10124147 X 12290460 11827887 12290460 11827887 23307940 21952034 -462573 0 X 0 1 X 1 0 X X 1 REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PA 501(C)(6) 251033264 10 1 8349179 0 1 8349179 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 THE RIDC REGIONAL 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 2016 WAS 90.05%. PART IV, SECTION A, LINE 3C STRATEGIC PLANNING IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO SUBMITTING PROPOSED PROJECTS TO THE BOARD OF DIRECTORS TO ENSURE THAT ALL PROJECTS ARE WITHIN THE SCOPE OF THE ORGANIZATION'S MISSION AND FALL UNDER THE IRC SECTION 170(C)(2)(B). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11341012 1930195 9410817 9653328 2691543 6961785 51000 17850 33150 16405752 CONSTRUCTION IN PROGRESS 3785212 3785212 X PART X, LINE 2: AS OF DECEMBER 31, 2016 AND 2015, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2013 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 DONALD F SMITH JR PRESIDENT 0 315000 0 49700 0 0 0 18550 0 12608 0 395858 0 0 WILLIAM C KIRK JR VP - REAL ESTATE OP. 0 154967 0 21765 0 0 0 10974 0 17303 0 205009 0 0 TIMOTHY F WHITE SENIOR VP - DEVELOPMENT 0 166250 0 22400 0 0 0 11637 0 17339 0 217626 0 0 RONALD J COOMBS 11 TO 6302016 CFO/TREASURER 0 149349 0 10000 0 0 0 5227 0 17277 0 181853 0 0 MARK WESSEL SENIOR VP - STRATEGIC OP. 0 166760 0 9240 0 0 0 11673 0 7421 0 195094 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. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. 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 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 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. REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PA 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251033264 ECON DEV OF SWPA PA 501(C)(6) N/A N/A 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251603768 ECON DEV OF SWPA PA 501(C)(3) 12(A) N/A 0 THE RIDC FUND FOR ECONOMIC GROWTH 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251636676 ECON DEV OF SWPA PA 501(C)(3) 12(A) N/A 0 RIDC LTC 48 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 811907166 RE DEVELOPMENT PA 501(C)(3) 12(A) N/A 0 PITTSBURGH TECHNOLOGY CENTER ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 251762563 ECON DEV OF SWPA PA 501(C)(3) 12(A) N/A 0 INDUSTRIAL CENTER OF MCKEESPORT ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 461685366 ECON DEV OF SWPA 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 0 0 CW DEVELOPMENT LP ONE BIGELOW SQUARE SUITE 630 PITTSBURGH PA 15219 364734310 RE DEVELOPMENT PA CW DEVELOPMENT RELATED 0 0 INNOVATION RIDGE DEVELOPMENT CORPORATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 273458190 RE DEVELOPMENT PA RIDC OF SW PA C 0 RIDC REAL ESTATE DEVELOPMENT COMPANY 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 273652717 RE DEVELOPMENT PA RIDC OF SW PA C 0 INNOVATION RIDGE COMMERICAL PROPERTY OWNERS ASSOCIATION 210 SIXTH AVE SUITE 3620 PITTSBURGH PA 15222 203871581 PROPERTY MANAGEMENT PA RIDC OF SW PA C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 RIDC OF SW PA - 25-1033254 (LOAN BALANCE) E -741780 ACTUAL COST INCURRED RIDC OF SW PA - 25-1033254 (NOTE PRINCIPAL DECREASE) E -2170595 ACTUAL COST INCURRED RIDC OF SW PA - 25-1033254 (INTEREST) E 33284 ACTUAL COST INCURRED RIDC OF SW PA - 25-1033254 (SHARED PAYROLL) O 506000 ACTUAL COST INCURRED RIDC OF SW PA - 25-1033254 (MGT FEES) R 262000 ACTUAL COST INCURRED