Nonprofit · EIN 25-1603768
RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND
Tax-exempt · PITTSBURGH, PA 15238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,967,369 | $9,743,418 | -$4,776,049 | $126,778,420 | $139,652,502 | -$12,874,082 |
| December 31, 2023 | 990 | $10,065,172 | $15,734,360 | -$5,669,188 | $117,522,975 | $125,621,008 | -$8,098,033 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,546,903
- of which government grants
- $386,903
- Program service revenue
- $2,854,031
- Investment income
- $540,943
- Other revenue
- $25,492
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $19,002
- Accounting fees
- $14,602
- Occupancy
- $2,145,597
- Travel
- $2,824
- Depreciation
- $762,418
- Program services (functional)
- $9,743,418
Balance sheet and other
- Total assets, start of year
- $117,522,975
- Total assets, end of year
- $126,778,420
- Total liabilities, end of year
- $139,652,502
- Net assets, end of year
- -$12,874,082
- Land, buildings and equipment
- $31,397,536
- Net assets without donor restrictions
- -$12,874,082
- Gross receipts
- $4,967,369
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1989
- 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 | 4 | $644,830 | $67,544 |
| WHITE TIMOTHY F | SENIOR VP - DEVELOPMENT Officer | 4 | $403,277 | $50,493 |
| GOLDSTROM MICHAEL | SENIOR VP - REAL ESTATE Officer | 4 | $332,009 | $50,074 |
| HOBBES JASON W | CORPORATE SECRETARY Officer | 4 | $231,291 | $41,417 |
| PINELLI CHRISTOPHER | DIRECTOR, PROPERTY MGMT Highest-paid employee | 4 | $186,304 | $22,460 |
| COOPER JENI | DIRECTOR OF COMMUNITY INVE Highest-paid employee | 4 | $171,977 | $31,534 |
| HEINRICHER MICHAEL | DIRECTOR, ASSET MANAGEMENT Highest-paid employee | 4 | $171,745 | $31,272 |
| BUECHLI JOHN | SENIOR CONSTRUCTION MANAGE Highest-paid employee | 4 | $152,309 | $36,262 |
| MILLER KEITH | DIRECTOR OF SITE DEVELOPME Highest-paid employee | 4 | $157,696 | $30,852 |
| KURTA MARIAN D | TREASURER Officer | 4 | $138,291 | $35,134 |
| KURTZROCK MARK JAY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| STEPHENSON SAMUEL J | CHAIRMAN/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| HUNT WILLIAM | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MCNULTY TIMOTHY P | DIRECTOR/ VICE CHAIRMAN Trustee or director | 0.5 | $0 | $0 |
| GIOVANNITTI JENNIFER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONDI PATRICK | DIRECTOR Trustee or director | 0.5 | $0 |
| RUSSO AUDREY | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SMITH DONALD F JR | PRESIDENT Trustee or director, Officer | 4 | $0 | $624,782 | $43,865 |
| WHITE TIMOTHY F | SENIOR VP - DEVELOPMENT Officer | 4 | $0 | $377,057 | $50,654 |
| GOLDSTROM MICHAEL | SENIOR VP - REAL ESTATE Officer | 4 | $0 | $297,129 | $43,766 |
| HOBBES JASON W | CORPORATE SECRETARY Officer | 4 | $0 | $218,100 | $39,603 |
| PINELLI CHRISTOPHER | DIRECTOR, PROPERTY MGMT Highest-paid employee | 4 | $0 | $179,565 | $21,649 |
| HEINRICHER MICHAEL | DIRECTOR, ASSET MANAGEMENT Highest-paid employee | 4 | $0 | $160,532 | $35,928 |
| MILLER KEITH | DIRECTOR OF SITE DEVELOPMENT Highest-paid employee | 4 | $0 | $149,368 | $35,636 |
| BUECHLI JOHN | SENIOR CONSTRUCTION MANAGER Highest-paid employee | 4 | $0 | $143,149 | $34,580 |
| KURTA MARIAN D | TREASURER Officer | 4 | $0 | $122,235 | $33,399 |
| JOYCE DENNIS M RET 62022 | FORMER CHIEF OPERATING OFFICER Former | 0 | $0 | $150,000 | $0 |
| COOPER JENI | DIRECTOR OF COMMUNITY INVESTMENT Highest-paid employee | 4 | $0 | $127,325 | $21,554 |
| KURTZROCK MARK JAY | DIRECTOR/VICE CHAIRMAN Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHENSON SAMUEL J | CHAIRMAN/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| HUNT WILLIAM | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MCNULTY TIMOTHY P | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| GIOVANNITTI JENNIFER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MONDI PATRICK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RUSSO AUDREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 267 KAPPA DR, PITTSBURGH, PA 15238-2817
- In care of
- % FRANK BROOKS ROBINSON
- 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
OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC TESTING FOR PUBLIC SAFETY, LITERARY, EDUCATIONAL TRAINING, COMMUNITY DEVELOPMENT, COMMUNITY CONSERVATISM, AND OTHER PUBLIC SERVICE PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
Program accomplishments
- THIS ORGANIZATION PROVIDES SUPPORT TO AN EXEMPT REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION IN AN EFFORT TO PROVIDE BUSINESS EXPANSION AND JOB OPPORTUNITIES IN DEPRESSED COMMUNITIES BY ADAPTIVE RE-USE DEVELOPMENT OF UNDERUTILIZED MANUFACTURING FACILITIES.Expenses $9,743,418 · revenue $2,854,031
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
- 25-1603768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $126,778,420
- Income (IRS master file)
- $4,967,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,967,369 | $9,743,418 | $126,778,420 | XML |
| 990 | December 2023 | $10,065,172 | $15,734,360 | $117,522,975 | XML |
| 990 | December 2022 | $16,116,168 | $12,295,559 | $113,446,644 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 25-1603768).
Questions about RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND
- What is the EIN of RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND?
- The employer identification number (EIN) of RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND is 25-1603768.
- Is RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND 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 RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND 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 RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND 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 RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND?
- The 990 for the year ended December 31, 2024 names MARIAN D KURTA.
- Who are the officers and directors of RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND?
- The 990 for the year ended December 31, 2024 lists 17 people; 10 received compensation from the organization, the highest $644,830 (SMITH DONALD F JR, PRESIDENT).
- How much revenue does RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,967,369, expenses of $9,743,418 and total assets of $126,778,420 at year end.
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