2024-12-13T09:12:40-06:00 2024-06-30 251622758 MAHER DUESSEL CPA'S 503 MARTINDALE STREET SUITE 600 PITTSBURGH PA 15212 990 2023-07-01 251450625 BEAVER COUNTY CORPORATION FOR ECONOMIC DEVELOPMENT BEAV 7247288610 250 INSURANCE STREET 300 BEAVER PA 15009 LEWIS VILLOTTI PRESIDENT 7247288610 2024-12-13 1 0 TIMOTHY J MORGUS P00229535 4124715500 2023 2024-10-15 13:58:12Z LEWIS VILLOTTI 250 INSURANCE STREET BEAVER PA 15009 2494539 0 X WWW.BEAVERCOUNTYCED.ORG X 1983 PA CED'S MISSION IS TO ENCOURAGE JOB CREATION AND PRIVATE INVESTMENT IN BEAVER COUNTY BY: ASSISTING IN OR UNDERTAKING THE DEVELOPMENT OF SITES AND STRUCTURES IN STRATEGIC LOCATIONS FOR VALUE-ADDED COMPANIES; OPERATING OR ACCESSING FINANCING PROGRAMS FOR VALUE-ADDED COMPANIES; AND, ASSISTING IN OR UNDERTAKING SPECIAL INITIATIVES THAT HAVE A SIGNIFICANT COMMUNITY IMPACT. 14 14 5 14 0 0 180930 1273090 388173 270529 47911 186357 133086 219618 750100 1949594 0 40000 0 0 610800 511692 0 0 0 237702 1359656 848502 1911348 -98402 38246 31351175 30941458 2018129 1570166 29333046 29371292 X CED'S MISSION IS TO ENCOURAGE JOB CREATION AND PRIVATE INVESTMENT IN BEAVER COUNTY BY: ASSISTING IN OR UNDERTAKING THE DEVELOPMENT OF SITES AND STRUCTURES IN STRATEGIC LOCATIONS FOR VALUE-ADDED COMPANIES; OPERATING OR ACCESSING FINANCING PROGRAMS FOR VALUE-ADDED COMPANIES; AND, ASSISTING IN OR UNDERTAKING SPECIAL INITIATIVES THAT HAVE A SIGNIFICANT COMMUNITY IMPACT. 0 0 1678407 490147 THE CORPORATION PROMOTES AND ASSISTS ECONOMIC REVITALIZATION IN BEAVER COUNTY THROUGH ITS DEVELOPMENT OF INDUSTRIAL PARKS AND FACILITIES AND BUSINESS FINANCING. THE CORPORATION'S CURRENT INDUSTRIAL PARKS AND FACILITIES INCLUDE 1) ALIQUIPPA INDUSTRIAL PARK, 2) MONACA COMMERCE CENTER, 3) 1200 AIRPORT ROAD, 4) WESTGATE BUSINESS PARK, 5) CREEKSIDE SPRINGS, AND 6) 1317 7TH AVE. PROGRAM SERVICE EXPENSES INCLUDE LAND IMPROVEMENTS, PROPERTY TAXES, AND OTHER COSTS ASSOCIATED WITH THE DEVELOPMENT AND OPERATION OF THESE SITES. 1678407 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 5 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X LEWIS VILLOTTI 7247288610 250 INSURANCE STREET STE 300 BEAVER PA 15009 CAREY MCDOUGALL CHAIR 1.00 X X 0 0 0 CAROLYN RENNINGER SECRETARY 1.00 X X 0 0 0 JOE BEVEVINO TREASURER 1.00 X X 0 0 0 DR MELVIN STEALS DIRECTOR 1.00 X 0 0 0 JACK MANNING DIRECTOR 1.00 X 0 0 0 DANIEL CAMP DIRECTOR 1.00 X 0 0 0 TONY AMADIO DIRECTOR 1.00 X 0 0 0 DAVID O'LEARY DIRECTOR 1.00 X 0 0 0 LARRY NELSON VICE CHAIR 1.00 X X 0 0 0 MATTHEW DAWSON DIRECTOR 1.00 X 0 0 0 ED DEMAILO DIRECTOR 1.00 X 0 0 0 MIKE LINCHECK DIRECTOR 1.00 X 0 0 0 RENEE SUHR DIRECTOR 1.00 X 0 0 0 ELAINE SAVOLDI DIRECTOR 1.00 X 0 0 0 LEWIS VILLOTTI PRESIDENT 40.00 X 141368 0 37117 141368 0 37117 1 0 1 0 UHL CONSTRUCTION CO 4912 VERNON DR ALLISON PARK PA 15101 CONSTRUCTION 904273 R&R PIPELINE CONSTRUCTION AND REPAIR IN 155 DAYTON RD NE NEWARK OH 43055 CONSTRUCTION 355321 2 1650 1251440 20000 1273090 INTEREST ON LOANS 531390 136070 136070 PROJECT ADMINISTRATION 531390 60000 60000 BCIDA CONTRACT FEES 531390 35000 35000 OTHER PROGRAM SERVICE 531390 33209 33209 LOAN FEES 531390 6250 6250 270529 186357 186357 764563 544945 219618 219618 219618 1949594 490147 0 186357 40000 40000 144816 72408 72408 218583 149514 69069 32108 24081 8027 88304 66228 22076 27881 20911 6970 3251 2551 700 31500 31500 2245 1684 561 90931 90931 14699 11024 3675 35978 26983 8995 3817 2863 954 14065 11155 2910 CREDIT LOSS 1100000 1100000 MISCELLANEOUS 27088 25351 1737 MAINTENANCE 21960 21938 22 DUES & SUBSCRIPTIONS 13349 10012 3337 773 773 1911348 1678407 232941 0 11113871 10096373 770788 4950105 3836818 40402 65321 17653650 1481492 15236797 16172158 10000 0 31351175 30941458 227633 15132 9063 6155 1691891 1517411 89542 31468 2018129 1570166 X 24804708 24773405 4528338 4597887 29333046 29371292 31351175 30941458 38246 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6876345 180445 7056790 10537826 1422458 9115368 59034 59034 0 16172158 SECURITY DEPOSITS 13156 ESCROW DEPOSITS 18312 31468 2494539 544945 544945 1949594 0 1949594 2456293 544945 544945 1911348 0 1911348 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 544,945. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 544,945. PART XI AND XII LINE 2D LINE 2D REPRESENTS RENTAL EXPENSES INCLUDED IN EXPENSES ON AUDITED FINANCIAL STATEMENTS BUT NETTED WITH REVENUE ON 990. 1 CHAOTIK JAVA 1409 7TH AVE BEAVER FALLS PA 15010 863928153 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS HONEY SO GOOD LLC 127 FREDERICK DR AMBRIDGE PA 15003 932282833 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS QUALITY TIME & CARRY OUT LLC 906/904 3RD AVE NEW BRIGHTON PA 15066 823675251 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS CRUSH BAR LLC 830 MERCHANT ST AMBRIDGE PA 15003 933594898 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS 4 PART I, LINE 2: ALL GRANTS LISTED ON SCHEDULE I PERTAIN TO THE BUSINESS DISTRICT INITIATIVE PROGRAM (BDI). THE GRANT PROGRAM IS INTENDED TO SUSTAIN AND ATTRACT NEW BUSINESS INVESTMENT IN NINE DOWNTOWN BUSINESS DISTRICTS IN BEAVER COUNTY BY LAUNCHING A MINI-GRANT PROGRAM FOR SMALL BUSINESSES. BUSINESSES CAN BE IN THE RETAIL, FOOD & BEVERAGE, ARTS & ENTERTAINMENT, OFFICE, OR SERVICE INDUSTRIES TO PARTICIPATE IN THE PROGRAM. THE MINI-GRANTS WILL HAVE A MAXIMUM AMOUNT OF $10,000, REQUIRE A 50 PERCENT MATCH FROM THE BUSINESS, AND MAY BE USED TO OFFSET OPERATING COSTS (SUCH AS RENT, UTILITIES, AND COMMERCIAL INSURANCE), TENANT PROPERTY IMPROVEMENTS NECESSARY FOR BUSINESS OPERATION, AND EQUIPMENT NECESSARY FOR BUSINESS OPERATION. THE PROGRAM WILL OPERATE FOR THREE YEARS THROUGH SEPTEMBER 2026 AND IS EXPECTED TO SERVE AND IMPROVE 90 BUSINESSES. THERE IS NO ONGOING MONITORING REQUIREMENTS UNDER THE PROGRAM. X 0 0 0 LEWIS VILLOTTI PRESIDENT 141368 0 0 0 0 0 14137 0 22980 0 178485 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE BYLAWS PROVIDE FOR MEMBERSHIP. THIS WAS REQUIRED BY THE COMMONWEALTH TO BECOME A CERTIFIED INDUSTRIAL DEVELOPMENT AGENCY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ONLY VOTING AUTHORITY IS TO ACCEPT OR REJECT DIRECTORS FOR RENOMINATION FOR AN ADDITIONAL TERM AS RECOMMENDED BY THE FULL BOARD AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD OF DIRECTORS FORMALLY APPROVED THE 990 PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES ARE ANNUALLY DISTRIBUTED TO THE BOARD OF DIRECTORS, STAFF AND VENDORS. MANAGEMENT MAKES BEST EFFORTS TO IDENTIFY AND MAKE PARTIES AWARE OF POTENTIAL CONFLICTS AS THEY MAY PRESENT THEMSELVES. DIRECTORS ANNUALLY COMPLETE A FORM THAT REQUIRES DISCLOSURE OF INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SERVES AS THE BASIS FOR ANSWERING RELATED QUESTIONS ON THIS RETURN. DIRECTORS ARE ALSO REQUIRED TO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS ON A CASE BY CASE BASIS AS THEY MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT OF THE ORGANIZATION'S COMPENSATION IS BASED ON REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE CHAIR OF THE BOARD ANNUALLY EVALUATES THE PRESIDENT. THE EVALUATION IS PRESENTED TO THE GOVERNANCE COMMITTEE WHICH RECOMMENDS COMPENSATION TO AND IS ACTED UPON AT THE MEETING OF THE FULL BOARD. THE EVALUATION, GOVERNANCE COMMITTEE MEETING, AND BOARD ACTION ARE ALL DOCUMENTED. THERE ARE NO OTHER KEY EMPLOYEES, OFFICERS, OR TOP MANAGEMENT OFFICIALS OTHER THAN THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES ARE DISTRIBUTED ANNUALLY TO VENDORS, TENANTS, BORROWERS, POTENTIAL TENANTS, AND PURCHASERS OF LAND. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.