Nonprofit · EIN 25-1033264
REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA
Also known as R I D C
Tax-exempt · PITTSBURGH, PA 15238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $34,584,113 | $20,442,727 | $14,141,386 | $196,017,745 | $24,667,976 | $171,349,769 |
| December 31, 2023 | 990 | $24,797,402 | $20,119,688 | $4,677,714 | $180,382,745 | $23,174,362 | $157,208,383 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,753,099
- of which government grants
- $1,753,099
- Program service revenue
- $19,445,967
- Investment income
- $11,194,123
- Net gain from sales of assets
- $3,540,600
- Other revenue
- $190,924
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,749,698
- Other salaries and wages
- $2,669,609
- Salaries, compensation and benefits (total)
- $5,548,777
- Professional fundraising fees
- $0
- Legal fees
- $106,910
- Accounting fees
- $32,020
- Occupancy
- $180,000
- Travel
- $32,580
- Depreciation
- $5,299,857
Balance sheet and other
- Total assets, start of year
- $180,382,745
- Total assets, end of year
- $196,017,745
- Total liabilities, end of year
- $24,667,976
- Net assets, end of year
- $171,349,769
- Land, buildings and equipment
- $45,506,547
- Net assets without donor restrictions
- $171,349,769
- Gross receipts
- $36,592,513
- Employees
- 31
- Volunteers
- 0
- Year formed
- 1955
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SMITH DONALD F JR | PRESIDENT Trustee or director, Officer | 35 | $644,830 | $67,544 |
| WHITE TIMOTHY F | SENIOR VP - DEVELOPMENT Officer | 35 | $403,277 | $50,493 |
| GOLDSTROM MICHAEL | SENIOR VP - REAL ESTATE Officer | 35 | $332,009 | $50,074 |
| HOBBES JASON W | CORPORATE SECRETARY Officer | 35 | $231,291 | $41,417 |
| PINELLI CHRISTOPHER | DIRECTOR, PROPERTY MGMT Highest-paid employee | 35 | $186,304 | $22,460 |
| COOPER JENI | DIRECTOR OF COMMUNITY INVE Highest-paid employee | 35 | $171,977 | $31,534 |
| HEINRICHER MICHAEL | DIRECTOR, ASSET MANAGEMENT Highest-paid employee | 35 | $171,745 | $31,272 |
| BUECHLI JOHN | SENIOR CONSTRUCTION MANAGE Highest-paid employee | 35 | $152,309 | $36,262 |
| MILLER KEITH | DIRECTOR OF SITE DEVELOPME Highest-paid employee | 35 | $157,696 | $30,852 |
| KURTA MARIAN D | TREASURER Officer | 35 | $138,291 | $35,134 |
| BLOCKSIDGE CHARLES T | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 |
| DESANTIS MARK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FITZGERALD RICH | DIRECTOR EX-OFFICIO Trustee or director | 0.5 | $0 | $0 |
| HUNT WILLIAM | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KURTZROCK MARK JAY | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MCNULTY TIMOTHY P | DIRECTOR/VICE CHAIRMAN Trustee or director | 0.5 | $0 |
| MARR MICHAEL | DIRECTOR Trustee or director | 0.5 | $0 |
| MONDI PATRICK | DIRECTOR Trustee or director | 0.5 | $0 |
| RUTENBAR ROB | DIRECTOR Trustee or director | 0.5 | $0 |
| PEASE ROBERT B | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| RUSSO AUDREY | DIRECTOR Trustee or director | 0.5 | $0 |
| STEPHENSON SAMUEL J | CHAIRMAN/DIRECTOR Trustee or director, Officer | 1 | $0 |
| VOLPATTI KRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| GIOVANNITTI JENNIFER | DIRECTOR Trustee or director | 0.5 | $0 |
| O'BRIEN TIM | DIRECTOR Trustee or director | 0.5 | $0 |
| OSCHE LESLIE | DIRECTOR Trustee or director | 0.5 | $0 |
| BELL MARGARET | DIRECTOR Trustee or director | 0.5 | $0 |
| GAINEY ED | DIRECTOR EX-OFFICIO Trustee or director | 0.5 | $0 |
| PROCTOR DANIELLE | DIRECTOR Trustee or director | 0.5 | $0 |
| SBROCCO GREG | DIRECTOR Trustee or director | 0.5 | $0 |
| CLARK G REYNOLDS | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| DAVIN DENNIS | DIRECTOR Trustee or director | 0.5 | $0 |
| WENIGER STACEY | DIRECTOR Trustee or director | 0.5 | $0 |
| INNAMORATO SARA | DIRECTOR EX-OFFICIO Trustee or director | 0.5 | $0 |
| MCANDREW MARC | DIRECTOR Trustee or director | 0.5 | $0 |
| NOEL KELLY | DIRECTOR Trustee or director | 0.5 | $0 |
| ROY SCOTT | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SMITH DONALD F JR | PRESIDENT Trustee or director, Officer | 35 | $624,782 | $43,865 |
| WHITE TIMOTHY F | SENIOR VP - DEVELOPMENT Officer | 35 | $377,057 | $50,654 |
| GOLDSTROM MICHAEL | SENIOR VP - REAL ESTATE Officer | 35 | $297,129 | $43,766 |
| HOBBES JASON W | CORPORATE SECRETARY Officer | 35 | $218,100 | $39,603 |
| PINELLI CHRISTOPHER | DIRECTOR, PROPERTY MGMT Highest-paid employee | 35 | $179,565 | $21,649 |
| HEINRICHER MICHAEL | DIRECTOR, ASSET MANAGEMENT Highest-paid employee | 35 | $160,532 | $35,928 |
| MILLER KEITH | DIRECTOR OF SITE DEVELOPMENT Highest-paid employee | 35 | $149,368 | $35,636 |
| BUECHLI JOHN | SENIOR CONSTRUCTION MANAGER Highest-paid employee | 35 | $143,149 | $34,579 |
| KURTA MARIAN D | TREASURER Officer | 35 | $122,235 | $33,399 |
| JOYCE DENNIS M RET 62022 | FORMER CHIEF OPERATING OFFICER Former | 0 | $150,000 | $0 |
| COOPER JENI | DIRECTOR OF COMMUNITY INVESTMENT Highest-paid employee | 35 | $127,325 | $21,555 |
| BLOCKSIDGE CHARLES T | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 |
| DESANTIS MARK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FITZGERALD RICH | DIRECTOR EX-OFFICIO Trustee or director | 0.5 | $0 | $0 |
| HUNT WILLIAM | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KURTZROCK MARK JAY | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
| MCNULTY TIMOTHY P | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARR MICHAEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MONDI PATRICK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RUTENBAR ROB | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PEASE ROBERT B | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 | $0 |
| RUSSO AUDREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| STEPHENSON SAMUEL J | CHAIRMAN/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| VOLPATTI KRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GIOVANNITTI JENNIFER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HANNON MICHAEL J | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| O'BRIEN TIM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| OSCHE LESLIE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BELL MARGARET | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GAINEY ED | DIRECTOR EX-OFFICIO Trustee or director | 0.5 | $0 | $0 |
| PROCTOR DANIELLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SBROCCO GREG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CLARK G REYNOLDS | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 | $0 |
| CHIMKA LANCE | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 | $0 |
| DAVIN DENNIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WENIGER STACEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 267 KAPPA DR, PITTSBURGH, PA 15238-2817
- In care of
- % DAVID P MYRON
- Principal officer (990 for 2024)
- MARIAN D KURTA, 267 KAPPA DRIVE, PITTSBURGH, PA 15238
- Signed the 990
- MARIAN D KURTA, TREASURER
- Phone
- (412) 315-6440
- Website
- WWW.RIDC.ORG
- Return prepared by
- SISTERSON & CO LLP
Mission
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.
Program accomplishments
- 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.Expenses $20,442,727 · revenue $19,445,967
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1033264
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $196,017,745
- Income (IRS master file)
- $36,592,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $34,584,113 | $20,442,727 | $196,017,745 | XML |
| 990 | December 2023 | $24,797,402 | $20,119,688 | $180,382,745 | XML |
| 990 | December 2022 | $22,677,325 | $20,523,426 | $178,165,590 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1033264).
Questions about REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA
- What is the EIN of REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA?
- The employer identification number (EIN) of REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA is 25-1033264.
- Is REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1962.
- Are donations to REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA?
- The 990 for the year ended December 31, 2024 names MARIAN D KURTA.
- Who are the officers and directors of REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA?
- The 990 for the year ended December 31, 2024 lists 37 people; 10 received compensation from the organization, the highest $644,830 (SMITH DONALD F JR, PRESIDENT).
- How much revenue does REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SW PA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $34,584,113, expenses of $20,442,727 and total assets of $196,017,745 at year end.
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