2024-11-15T06:41:00-06:00 2023-12-31 251467156 SISTERSON & CO LLP 501 GRANT STREET SUITE 450 PITTSBURGH PA 15219 990 2023-01-01 251495484 THE RIDC REGIONAL GROWTH FUND RIDC 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 MARIAN D KURTA TREASURER 4123156440 2024-11-13 1 0 PUGNE MELISSA P01288890 4122812025 2023 2024-10-15 13:58:12Z MARIAN D KURTA 267 KAPPA DRIVE PITTSBURGH PA 15238 17522772 0 X WWW.RIDC.ORG X 1985 PA SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY. 8 7 0 0 0 0 0 955302 13073384 16554674 2360 3993 10437 8803 13086181 17522772 0 0 0 0 600000 381105 0 0 0 11942459 14253173 12542459 14634278 543722 2888494 37936694 41082912 30900688 31158412 7036006 9924500 SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY. 0 0 13411106 16563477 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. 13411106 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X MARIAN D KURTA TREASURER 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 SMITH DONALD F JR PRESIDENT 4.00 43.00 X X 0 624782 43865 KURTZROCK MARK JAY DIRECTOR/VICE CHAIRMAN 0.50 3.00 X 0 0 0 STEPHENSON SAMUEL J CHAIRMAN/DIRECTOR 0.50 4.00 X X 0 0 0 HUNT WILLIAM DIRECTOR/VICE CHAIRMAN 0.50 4.00 X X 0 0 0 MCNULTY TIMOTHY P DIRECTOR 0.50 2.00 X 0 0 0 GIOVANNITTI JENNIFER DIRECTOR 0.50 1.50 X 0 0 0 MONDI PATRICK DIRECTOR 0.50 1.50 X 0 0 0 RUSSO AUDREY DIRECTOR 0.50 1.50 X 0 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 4.00 43.00 X 0 377057 50654 HOBBES JASON W CORPORATE SECRETARY 4.00 43.00 X 0 218100 39603 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 4.00 42.50 X 0 297129 43766 KURTA MARIAN D TREASURER 4.00 43.00 X 0 122235 33399 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 4.00 42.50 X 0 179565 21649 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 4.00 43.00 X 0 160532 35928 BUECHLI JOHN CONSTRUCTION MANAGER 4.00 42.50 X 0 143149 34579 MILLER KEITH DIRECTOR OF SITE DEVELOPMENT 4.00 42.50 X 0 149368 35636 COOPER JENI DIRECTOR OF COMMUNITY INVESTMENT 4.00 42.50 X 0 127325 21555 JOYCE DENNIS M RET 622 FORMER CHIEF OPERATING OFFICER 0.00 0.00 X 0 150000 0 0 2549242 360634 0 1 1 0 BURNS & SCALO ROOFING CO 22 RUTGERS ROAD SUITE 200 PITTSBURGH PA 152052550 CONSTRUCTION CONTRACTOR 4230533 OMEGA BUILDING COMPANY 542 MORGANTOWN ST UNIONTOWN PA 15401 CONSTRUCTION CONTRACTOR 915836 JONES LANG LASALLE BROKERAGE INC 71700 TREASURY CENTER CHICAGO IL 606941700 BROKERAGE 579774 KELLINGTON PROTECTION LLC 4955 STEUBENVILLE PIKE STE 245 PITTSBURGH PA 15205 PROTECTION SERVICES 475187 GREGG PROTECTION SERVICES INC 1000 INTEGRITY DRIVE SUITE 200 PITTSBURGH PA 15235 SECURITY SERVICES 410701 14 955302 955302 RENTAL INCOME 531120 16552276 16552276 SERVICE & MANAGEMENT 532000 2398 2398 16554674 3993 3993 OTHER REVENUE 531390 8803 8803 8803 17522772 16563477 0 3993 X 381000 236000 145000 105 105 1046000 1046000 4695 4695 15869 15869 164335 164335 905 905 5960 5960 22070 22070 3237 3237 728446 728446 4501735 4501735 350823 350823 UTILITIES 4160277 4160277 MAINTENANCE 2912583 2912583 TAXES 336238 336238 14634278 13411106 1223172 0 2297470 2543218 59059 60487 955302 1428429 1457823 32348 35074 63800847 29719465 28641830 34081382 5477558 1949626 37936694 41082912 6227405 4530294 939562 836284 23733721 25791834 30900688 31158412 X 7036006 9924500 7036006 9924500 37936694 41082912 2888494 0 X 0 1 X 1 0 X X 1 REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PA 501(C)(6) 251033264 10 1 14634278 0 1 14634278 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 2023 WAS 39.15% AND INVESTMENT INCOME PERCENTAGE FOR 2023 WAS 13.16%. 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 THE IRC SECION 170(C)(2)(B). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39697191 13875116 25822075 23044968 15318798 7726170 1058688 525551 533137 34081382 X 17522772 0 17522772 0 17522772 14634278 0 14634278 0 14634278 PART X, LINE 2: AS OF DECEMBER 31, 2023 AND 2022, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2020 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 SMITH DONALD F JR PRESIDENT 0 496827 0 126500 0 1455 0 23100 0 20765 0 668647 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 0 317767 0 58000 0 1290 0 22514 0 28140 0 427711 0 0 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 0 258129 0 39000 0 0 0 18156 0 25610 0 340895 0 0 HOBBES JASON W CORPORATE SECRETARY 0 201600 0 16500 0 0 0 14181 0 25422 0 257703 0 0 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 0 173321 0 5500 0 744 0 12164 0 9485 0 201214 0 0 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 0 149376 0 10500 0 656 0 10728 0 25200 0 196460 0 0 MILLER KEITH DIRECTOR OF SITE DEVELOPMENT 0 145868 0 3500 0 0 0 10454 0 25182 0 185004 0 0 BUECHLI JOHN CONSTRUCTION MANAGER 0 134070 0 8500 0 579 0 9460 0 25119 0 177728 0 0 KURTA MARIAN D TREASURER 0 115224 0 6500 0 511 0 8352 0 25047 0 155634 0 0 JOYCE DENNIS M RET 622 FORMER CHIEF OPERATING OFFICER 0 150000 0 0 0 0 0 0 0 0 0 150000 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 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 IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 164,335. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 164,335. 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