2025-10-09T15:00:05-05:00 2025-06-30 251622758 MAHER DUESSEL CPA'S 503 MARTINDALE STREET SUITE 600 PITTSBURGH PA 15212 990 2024-07-01 251450625 BEAVER COUNTY CORPORATION FOR ECONOMIC DEVELOPMENT BEAV 7247288610 1000 THIRD STREET 1 BEAVER PA 15009 LEWIS VILLOTTI PRESIDENT 7247288610 2025-10-09 1 0 JEFFREY W KENT P01342557 4124715500 2024 2025-03-06 01:10:19Z LEWIS VILLOTTI 1000 THIRD STREET SUITE 1 BEAVER PA 15009 6059229 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 4 14 0 0 1273090 398440 270529 248039 186357 2803954 219618 -496384 1949594 2954049 40000 274799 0 0 511692 515046 0 0 0 1359656 305778 1911348 1095623 38246 1858426 30941458 32361510 1570166 1131792 29371292 31229718 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 848822 2263973 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, 6) 1317 7TH AVE AND 7) 1000 3RD STREET. PROGRAM SERVICE EXPENSES INCLUDE LAND IMPROVEMENTS, PROPERTY TAXES, AND OTHER COSTS ASSOCIATED WITH THE DEVELOPMENT AND OPERATION OF THESE SITES. 848822 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 4 0 1 4 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 III 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 140367 0 41499 140367 0 41499 1 0 1 0 TOWN CENTER ASSOCIATES LLC 1147 3RD STREET BEAVER PA 15009 REAL ESTATE SERVICES 114983 LOMBARDO INDUSTRIES INC 850 BEAVER GRADE ROAD SUITE 203 MOON TWP PA 15108 CONSTRUCTION 103264 2 11500 366940 20000 398440 INTEREST ON LOANS 531390 142186 142186 PROJECT ADMINISTRATION FEES 531390 40000 40000 BCIDA CONTRACT FEES 531390 35107 35107 OTHER PROGRAM SERVICE REVENUE 531390 17833 17833 LOAN FEES 531390 12913 12913 248039 291636 291636 472701 969085 -496384 -496384 -496384 4648413 2136095 2512318 2512318 2512318 2954049 2263973 0 291636 274799 274799 150320 75160 75160 213088 138394 74694 34473 25855 8618 89304 66978 22326 27861 20896 6965 4006 4006 49637 25460 24177 3890 2918 972 69976 69700 276 32540 24895 7645 28201 21151 7050 4275 3206 1069 11431 8642 2789 CREDIT LOSS 30232 30232 MAINTENANCE 23758 23352 406 DUES & SUBSCRIPTIONS 16392 12294 4098 31440 24890 6550 1095623 848822 246801 0 10096373 13830598 770788 36338 17404 3836818 3395284 65321 60724 16547746 1526584 16172158 15021162 30941458 32361510 15132 6101 6155 17089 1517411 1008270 31468 100332 1570166 1131792 X 24773405 26550795 4597887 4678923 29371292 31229718 30941458 32361510 1858426 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5626475 181733 5808208 10724320 1511366 9212954 15218 15218 0 15021162 SECURITY DEPOSITS 13156 ESCROW DEPOSITS 87176 100332 3923134 969085 969085 2954049 0 2954049 2064708 969085 969085 1095623 0 1095623 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 969,085. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 969,085. 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 IVORY ELEPHANT LLC 631 3RD STREET BEAVER PA 15009 331598010 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS BLACK DOG WOOD FIRED PIZZA CATERING LLC 916 MERCHANT STREET AMBRIDGE PA 15003 872470908 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS BEAVER COUNTY AXE THROWING 145 BRIGHTON AVE ROCHESTER PA 15074 933670537 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS HASH A SMASH LLC 464 3RD ST BEAVER PA 15009 931474290 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS BUZZTS PIZZERIA LIL JOHNE HALL 220 BRIGHTON AVE ROCHESTER PA 15074 994106910 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS ASCREATIONS LLC 1309 PENNSYLVANIA AVE MONACA PA 15061 465203140 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS HIP SISTERS LLC 1711 OHIO AVE INDUSTRY PA 15052 922045337 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS HOFF NUSO LLC 102 OHYLOR DRIVE NEW BRIGHTON PA 16117 932605314 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS MERCHANT LAUNDROMAT PO BOX 775 IMPERIAL PA 15126 881263442 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS SANGHA CENTER LLC 144 COLONIAL DRIVE CLINTON PA 15026 862909928 9799 0 BUSINESS DISTRICT INITIATIVE GRANTS BLACKBIRD MARKET 1711 OHIO AVE INDUSTRY PA 15052 922045337 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS BIG ROCK BAR & GRILL 800 THIRD AVENUE NEW BRIGHTON PA 15066 933018769 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS WHITTED MEDIA SERVICES LLC 4717 5TH AVENUE BEAVER FALLS PA 15010 853553455 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS SKIN MIND HEALTH 509 GLEN MITCHELL ROAD SEWICKLEY PA 15143 932874338 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS COMMUNICYCLE BEAVER COUNTY INC 1040 LEXINGTON DRIVE ALIQUIPPA PA 15009 821770497 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS HARKINS MILL WINES 140 HARKINS MILL RD ROCHESTER PA 15014 831692364 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS DAWN E WILLIAMS DBA BEAVER FALLS MESSENGER SERVICE 1510 7TH AVE BEAVER FALLS PA 15010 820618179 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS FORWARD RX LLC 809 3RD AVE NEW BRIGHTON PA 15066 934200541 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS TRI-STATE ARMS CO 807 THIRD AVENUE NEW BRIGHTON PA 15066 991884555 10000 0 BUSINESS DISTRICT INITIATIVE GRANTS 19 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 ARE NO ONGOING MONITORING REQUIREMENTS UNDER THE PROGRAM. X 0 0 0 LEWIS VILLOTTI PRESIDENT 140367 0 0 0 0 0 17757 0 23742 0 181866 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.