2025-10-30T13:57:59-05:00 2024-12-31 251467156 SISTERSON & CO LLP 501 GRANT STREET SUITE 450 PITTSBURGH PA 15219 990 2024-01-01 251636676 REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA REGI 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 MARIAN D KURTA TREASURER 4123156440 2025-10-28 1 0 MELISSA PUGNE P01288890 4122812025 2024 2025-03-06 01:10:19Z MARIAN D KURTA 267 KAPPA DRIVE PITTSBURGH PA 15238 323611 0 X WWW.RIDC.ORG X 1990 PA THE REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA WAS ESTABLISHED TO PROMOTE COMMUNITY DEVELOPMENT IN SOUTHWESTERN PENNSYLVANIA THROUGH THE CONDUCT OF A NUMBER OF ACTIVITIES, INCLUDING THE OPERATION OF A REVOLVING LOAN FUND. 8 7 0 0 0 0 0 75000 3170 218131 38753 30480 0 0 41923 323611 0 0 0 0 0 0 0 0 0 32100 34010 32100 34010 9823 289601 5468104 5771426 6870763 6884484 -1402659 -1113058 THE REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA WAS ESTABLISHED TO PROMOTE COMMUNITY DEVELOPMENT IN SOUTHWESTERN PENNSYLVANIA THROUGH THE CONDUCT OF A NUMBER OF ACTIVITIES, INCLUDING THE OPERATION OF A REVOLVING LOAN FUND. 0 0 34010 0 218131 THE REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA PLANS TO ACCUMULATE A POOL OF FUNDS, WHICH WILL BE MADE AVAILABLE TO QUALIFIED BUSINESSES AND OTHER DEVELOPMENT ORGANIZATIONS THROUGHOUT THE REGION TO ACHIEVE THE DESIRED RESULT OF CREATING JOBS AND PROMOTING INDUSTRIAL GROWTH IN ECONOMICALLY DEPRESSED AREAS. 34010 1 0 0 0 0 0 0 0 0 0 0 0 1 0 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 1 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 0.50 46.50 X X 0 644830 67544 KURTZROCK MARK JAY DIRECTOR/VICE CHAIRMAN 0.50 3.50 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 2.50 X 0 0 0 GIOVANNITTI JENNIFER DIRECTOR 0.50 2.50 X 0 0 0 RUSSO AUDREY DIRECTOR 0.50 2.00 X 0 0 0 MONDI PATRICK DIRECTOR 0.50 2.00 X 0 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 0.50 46.50 X 0 403277 50493 HOBBES JASON W CORPORATE SECRETARY 0.50 46.50 X 0 231291 41417 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 0.00 46.50 X 0 332009 50074 KURTA MARIAN D TREASURER 0.50 46.50 X 0 138291 35134 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 0.50 46.50 X 0 171745 31272 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 0.00 46.50 X 0 186304 22460 BUECHLI JOHN CONSTRUCTION MANAGER 0.00 46.50 X 0 152309 36262 MILLER KEITH DIRECTOR OF SITE DEVELOPME 0.00 46.50 X 0 157696 30852 COOPER JENI DIRECTOR OF COMMUNITY INVE 0.00 46.50 X 0 171977 31534 0 2589729 397042 0 0 1 0 0 75000 75000 SERVICE & MANAGEMENT 532000 218131 218131 218131 30480 30480 323611 218131 0 30480 10775 10775 5197 5197 3800 3800 446 446 13792 13792 34010 34010 0 0 1052944 1534856 40605 40727 2389 21885 1202545 1004337 5621 5621 3164000 3164000 5468104 5771426 6870763 6884484 6870763 6884484 X -1402659 -1067985 -45073 -1402659 -1113058 5468104 5771426 289601 0 X 0 1 X 1 0 X X 1 REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PA 251033264 10 1 34010 0 1 34010 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 REGIONAL ECONOMIC DEVELOPMENT CORPORATION OF SW PA 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 2024 WAS 38.44% AND INVESTMENT INCOME PERCENTAGE FOR 2024 WAS 16.48% 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 IRC SECTION 170(C)(2)(B). 0 LIMITED PARTNER INTEREST 3164000 C 3164000 X PART X, LINE 2: AS OF DECEMBER 31, 2024 AND 2023, THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS FOR YEARS 2021 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SMITH DONALD F JR PRESIDENT 0 510160 0 130000 0 4670 0 24150 0 43394 0 712374 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 0 333657 0 68825 0 795 0 23640 0 26853 0 453770 0 0 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 0 272634 0 59375 0 0 0 19298 0 30776 0 382083 0 0 HOBBES JASON W CORPORATE SECRETARY 0 215291 0 16000 0 0 0 15141 0 26276 0 272708 0 0 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 0 180530 0 5000 0 774 0 12651 0 9809 0 208764 0 0 COOPER JENI DIRECTOR OF COMMUNITY INVE 0 169977 0 2000 0 0 0 12168 0 19366 0 203511 0 0 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 0 160056 0 11000 0 689 0 11267 0 20005 0 203017 0 0 BUECHLI JOHN CONSTRUCTION MANAGER 0 145681 0 6000 0 628 0 10274 0 25988 0 188571 0 0 MILLER KEITH DIRECTOR OF SITE DEVELOPME 0 153696 0 4000 0 0 0 10873 0 19979 0 188548 0 0 KURTA MARIAN D TREASURER 0 126728 0 11000 0 563 0 9213 0 25921 0 173425 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. 150 EAST SHORE DRIVE LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 923151021 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19A LEVERAGED LENDER LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 320544577 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC MILL 19B LEVERAGE LENDER LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 364914529 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND FILM FURNACE LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 842113529 ECONOMIC DEV OF SWPA PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 80-82 44TH ST LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 843046991 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 233 NORTHPOINT BLVD LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 923690768 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC LTC 48 LEVERAGED LENDER LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 812003435 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND RIDC W AUTONOMY LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 883711803 RE DEVELOPMENT PA 0 0 RIDC OF SOUTHWESTERN PENNSYLVANIA REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PA 267 KAPPA DRIVE PITTSBURGH PA 15238 251033264 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(6) N/A N/A 0 THE RIDC REGIONAL GROWTH FUND 267 KAPPA DRIVE PITTSBURGH PA 15238 251495484 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(3) 12(A) N/A 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 267 KAPPA DRIVE PITTSBURGH PA 15238 251603768 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(3) 12(A) N/A 0 RIDC LTC 48 267 KAPPA DRIVE PITTSBURGH PA 15238 811907116 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(3) 12(A) N/A 0 INDUSTRIAL CENTER OF MCKEESPORT ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 461685366 PROPERTY MANAGEMENT PA 501 (C)(4) N/A N/A 0 RIDC MILL 19A 267 KAPPA DRIVE PITTSBURGH PA 15238 822985893 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(3) 12(A) N/A 0 RIDC MILL 19B 267 KAPPA DRIVE PITTSBURGH PA 15238 352617410 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(3) 12(A) N/A 0 RIDC MILL 19C 267 KAPPA DRIVE PITTSBURGH PA 15238 871417180 ECONOMIC DEVELOPMENT OF SW PA PA 501 (C)(3) 12(A) N/A 0 CARRIE FURNACE PROPERTY OWNERS ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 922715778 PROPERTY MANAGEMENT PA 501(C)(4) 12(A) N/A 0 NORTHPOINTE SLATE LICK LOT OWNERS 267 KAPPA DRIVE PITTSBURGH PA 15238 205871924 PROPERTY MANAGEMENT PA 501(C)(4) 12(A) N/A 0 INNOVATION RIDGE PARTNERS LP 267 KAPPA DRIVE PITTSBURGH PA 15238 251833057 RE DEVELOPMENT PA RIDC OF SWPA RELATED 0 0 CW DEVELOPMENTLP ONE BIGELOW SQUARE SUITE 630 PITTSBURGH PA 15219 364734310 RE DEVELOPMENT PA COMMONS AT THORN HILL GP LLC 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 NKAMP LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 923465668 RE DEVELOPMENT PA RIDC OF SWPA RELATED 0 0 FAIRYWOOD INDUSTRIAL PARK I LLC 267 KAPPA DRIVE PITTSBURGH PA 15238 920263965 ECON DEV OF SW PA PA RIDC OF SWPA RELATED 0 0 INNOVATION RIDGE DEVELOPMENT CORPORATION 267 KAPPA DRIVE PITTSBURGH PA 15238 273458190 RE DEVELOPMENT PA RIDC OF SW PA C 0 RIDC REAL ESTATE INVESTMENT COMPANY 267 KAPPA DRIVE PITTSBURGH PA 15238 273652717 RE DEVELOPMENT PA RIDC OF SW PA C 0 INNOVATION RIDGE COMMERCIAL PROPERTY OWNERS ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 203871581 PROPERTY MANAGEMENT PA RIDC OF SW PA C 0 RIDC MILL 19 CONDOMINIUM ASSOCIATION 267 KAPPA DRIVE PITTSBURGH PA 15238 352610106 PROPERTY MANAGEMENT PA RIDC OF SW PA GF C 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 RIDC OF SW PA 25-1033264 (INTEREST) A 6179 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (LOAN BALANCE) D 181339 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (NOTE RECEIVABLE DECREASE) D -79691 ACTUAL COST INCURRED REGIONAL GROWTH FUND 25-1495484 (INTEREST) A 15529 ACTUAL COST INCURRED REGIONAL GROWTH FUND 25-1495484 (LOAN BALANCE) D 822998 ACTUAL COST INCURRED REGIONAL GROWTH FUND 25-1495484 (NOTE RECEIVABLE DECREASE) D -118516 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (LOAN PAYABLE) E -6877409 ACTUAL COST INCURRED RIDC OF SW PA 25-1033264 (PRINCIPAL INCREASE) E 11521 ACTUAL COST INCURRED