2025-10-30T14:18:21-05:00 2024-12-31 251467156 SISTERSON & CO LLP 501 GRANT STREET SUITE 450 PITTSBURGH PA 15219 990 2024-01-01 251033264 REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PENNSYLVANIA 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 36592513 0 X WWW.RIDC.ORG X 1955 PA THE MISSION OF THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA IS TO CATALYZE AND SUPPORT ECONOMIC GROWTH AND HIGH QUALITY JOB CREATION THROUGH REAL ESTATE DEVELOPMENT AND FINANCE OF PROJECTS THAT ADVANCE THE PUBLIC INTEREST. 22 21 31 0 0 0 686974 3753099 19022730 19445967 4970663 11194123 117035 190924 24797402 34584113 0 0 0 0 5549922 5548777 0 0 0 14569766 14893950 20119688 20442727 4677714 14141386 180382745 196017745 23174362 24667976 157208383 171349769 X RIDC WAS INCORPORATED IN 1955 TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE TEN COUNTIES IN SOUTHWESTERN PENNSYLVANIA. THROUGH PUBLIC, PRIVATE, AND INSTITUTIONAL PARTNERSHIPS, RIDC DEVELOPS REAL ESTATE TO ENSURE THE REGION CAN CAPTURE EMERGING AND EXISTING GROWTH OPPORTUNITIES. 0 0 20442727 19445967 THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA (RIDC) DEVELOPS AND RENTS PROPERTY PRINCIPALLY IN ECONOMICALLY DEPRESSED AREAS AT BELOW MARKET VALUE. RIDC OBTAINS AND GUARANTEES LOW INTEREST LOANS WITH THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY ON BEHALF OF SMALL BUSINESSES. THESE ACTIVITIES ARE CONDUCTED SOLELY TO ASSIST IN COMBATING COMMUNITY DETERIORATION THROUGH THE INCREASE IN THE LEVEL OF INDUSTRY & EMPLOYMENT OPPORTUNITIES, THUS ASSISTING FEDERAL, STATE AND LOCAL GOVERNMENTS IN SIMILAR EFFORTS. 20442727 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 40 0 1 31 1 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X MARIAN D KURTA TREASURER 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 SMITH DONALD F JR PRESIDENT 35.00 12.00 X X 644830 0 67544 BLOCKSIDGE CHARLES T DIRECTOR EMERITUS 1.00 X 0 0 0 DESANTIS MARK DIRECTOR 0.50 X 0 0 0 FITZGERALD RICH DIRECTOR EX-OFFICIO 0.50 X 0 0 0 HUNT WILLIAM DIRECTOR/VICE CHAIRMAN 1.00 3.50 X X 0 0 0 KURTZROCK MARK JAY DIRECTOR/VICE CHAIRMAN 1.50 2.50 X X 0 0 0 MCNULTY TIMOTHY P DIRECTOR/VICE CHAIRMAN 0.50 2.50 X 0 0 0 MARR MICHAEL DIRECTOR 0.50 X 0 0 0 MONDI PATRICK DIRECTOR 0.50 2.00 X 0 0 0 RUTENBAR ROB DIRECTOR 0.50 X 0 0 0 PEASE ROBERT B DIRECTOR EMERITUS 0.50 X 0 0 0 RUSSO AUDREY DIRECTOR 0.50 2.00 X 0 0 0 STEPHENSON SAMUEL J CHAIRMAN/DIRECTOR 1.00 3.50 X X 0 0 0 VOLPATTI KRIS DIRECTOR 0.50 X 0 0 0 GIOVANNITTI JENNIFER DIRECTOR 0.50 2.50 X 0 0 0 O'BRIEN TIM DIRECTOR 0.50 X 0 0 0 OSCHE LESLIE DIRECTOR 0.50 X 0 0 0 BELL MARGARET DIRECTOR 0.50 X 0 0 0 GAINEY ED DIRECTOR EX-OFFICIO 0.50 X 0 0 0 PROCTOR DANIELLE DIRECTOR 0.50 X 0 0 0 SBROCCO GREG DIRECTOR 0.50 X 0 0 0 CLARK G REYNOLDS DIRECTOR EMERITUS 0.50 X 0 0 0 DAVIN DENNIS DIRECTOR 0.50 X 0 0 0 WENIGER STACEY DIRECTOR 0.50 X 0 0 0 INNAMORATO SARA DIRECTOR EX-OFFICIO 0.50 X 0 0 0 MCANDREW MARC DIRECTOR 0.50 X 0 0 0 NOEL KELLY DIRECTOR 0.50 X 0 0 0 ROY SCOTT DIRECTOR 0.50 X 0 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 35.00 12.00 X 403277 0 50493 HOBBES JASON W CORPORATE SECRETARY 35.00 12.00 X 231291 0 41417 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 35.00 11.50 X 332009 0 50074 KURTA MARIAN D TREASURER 35.00 12.00 X 138291 0 35134 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 35.00 11.50 X 186304 0 22460 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 35.00 12.00 X 171745 0 31272 BUECHLI JOHN SENIOR CONSTRUCTION MANAGE 35.00 11.50 X 152309 0 36262 MILLER KEITH DIRECTOR OF SITE DEVELOPME 35.00 11.50 X 157696 0 30852 COOPER JENI DIRECTOR OF COMMUNITY INVE 35.00 11.50 X 171977 0 31534 2589729 0 397042 14 0 1 0 SIMON ROOFING AND SHEET METAL CORP PO BOX 951109 CLEVELAND OH 44193 ROOFING SERVICES 1672121 CHUBB PO BOX 382001 PITTSBURGH PA 15250 INSURANCE 956706 ROOFCO GROUP PO BOX 236 SAYREVILLE NJ 08871 ROOFING SERVICES 774510 MICHAEL BAKER INTERNATIONAL INC PO BOX 536408 PITTSBURGH PA 15253 CONSTRUCTION SERVICES 604343 UPMC HEALTH PLAN PO BOX 223753 PITTSBURGH PA 15211 INSURANCE 519780 26 1753099 2000000 3753099 RENTAL INCOME 531120 17554412 17554412 SERVICE & MANAGEMENT 532000 1891555 1891555 19445967 7653523 7653523 5549000 2008400 3540600 3540600 3540600 OTHER REVENUE 531390 190924 190924 190924 34584113 23177491 0 7653523 X 1749698 2669609 265194 587358 276918 106910 32020 61959 902469 149364 126249 378066 180000 32580 435037 5299857 533083 MAINTENANCE 3161407 TAXES 2215332 UTILITIES 807790 IMPAIRMENT 468629 3198 20442727 -265 2167053 6249495 16372434 358675 75400 112880900 117612945 4407500 5682330 823000 760651 148691652 103185105 49310558 45506547 3000000 3000000 3352882 4840385 180382745 196017745 1129042 1753297 1136207 1208019 12816714 13683200 8092399 8023460 23174362 24667976 X 157208383 171349769 157208383 171349769 180382745 196017745 14141386 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4482791 4482791 106656387 72406484 34249903 32218285 28153896 4064389 5334189 2624725 2709464 45506547 REAL ESTATE PROJECTS IN PROGRESS - EXCESS REVENUE OVER COSTS 8023460 8023460 X PART X, LINE 2: EXPLANATION: 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 SMITH DONALD F JR PRESIDENT 510160 0 130000 0 4670 0 24150 0 43394 0 712374 0 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 333657 0 68825 0 795 0 23640 0 26853 0 453770 0 0 0 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 272634 0 59375 0 0 0 19298 0 30776 0 382083 0 0 0 HOBBES JASON W CORPORATE SECRETARY 215291 0 16000 0 0 0 15141 0 26276 0 272708 0 0 0 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 180530 0 5000 0 774 0 12651 0 9809 0 208764 0 0 0 COOPER JENI DIRECTOR OF COMMUNITY INVE 169977 0 2000 0 0 0 12168 0 19366 0 203511 0 0 0 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 160056 0 11000 0 689 0 11267 0 20005 0 203017 0 0 0 BUECHLI JOHN SENIOR CONSTRUCTION MANAGE 145681 0 6000 0 628 0 10274 0 25988 0 188571 0 0 0 MILLER KEITH DIRECTOR OF SITE DEVELOPME 153696 0 4000 0 0 0 10873 0 19979 0 188548 0 0 0 KURTA MARIAN D TREASURER 126728 0 11000 0 563 0 9213 0 25921 0 173425 0 0 0 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 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 THE 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. FORM 990, PART IX, LINE 24E BAD DEBT EXPENSE 3,198. 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