2024-11-15T06:44:51-06:00 2023-12-31 251467156 SISTERSON & CO LLP 501 GRANT STREET SUITE 450 PITTSBURGH PA 15219 990 2023-01-01 352617410 RIDC MILL 19B RIDC 4123156440 267 KAPPA DRIVE PITTSBURGH PA 15238 MARIAN D KURTA TREASURER 4123156440 2024-11-08 1 0 PUGNE MELISSA P01288890 4122812025 2023 2024-10-15 13:58:12Z MARIAN D KURTA 267 KAPPA DRIVE PITTSBURGH PA 15238 2700918 0 X WWW.RIDC.ORG X 2018 PA RIDC MILL 19B SHALL BE OPERATED AS AN ORGANIZATION THAT IS ORGANIZED, AND AT ALL TIMES, EXCLUSIVELY, FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA BY REVIVING PROPERTY, LESSENING NEIGHBORHOOD TENSIONS, LESSENING BURDENS OF GOVERNMENT AND COMBATING COMMUNITY DETERIORATION BY DEVELOPING AN INDUSTRIAL DEVELOPMENT PROJECT AT A LOCATION WITHIN THE CITY OF PITTSBURGH, PENNSYLVANIA. 5 4 0 0 0 0 0 0 2693687 2700831 477378 86 439 1 3171504 2700918 310000 1285000 0 0 0 0 0 0 0 2037336 1958335 2347336 3243335 824168 -542417 20579906 19750510 18127860 17840881 2452046 1909629 X RIDC MILL 19B SHALL BE OPERATED AS AN ORGANIZATION THAT IS ORGANIZED, AT ALL TIMES, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA BY REVIVING PROPERTY LESSENING NEIGHBORHOOD TENSIONS, LESSENING BURDENS OF GOVERNMENT AND COMBATING COMMUNITY DETERIORATION BY DEVELOPING AN INDUSTRIAL DEVELOPMENT PROJECT AT A LOCATION WITHIN THE CITY OF PITTSBURGH, PENNSYLVANIA. 0 0 3243335 1285000 2700832 RIDC MILL 19B A NON-PROFIT CORPORATION, WAS INCORPORATED IN 2018 TO SERVE AS A QUALIFIED LOW INCOME COMMUNITY BUSINESS("QALICB") ENTITY THAT OWNS AND OPERATES THE MILL 19B BUILDING IN THE HAZELWOOD NEIGHBORHOOD OF PITTSBURGH, PENNSYLVANIA. 3243335 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 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 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 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 1.00 46.00 X X 0 624782 43865 SMITH MATT DIRECTOR 0.50 0.50 X 0 0 0 ROBINSON F BROOKS JR DIRECTOR 0.50 1.00 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 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 1.00 46.00 X 0 377057 50654 HOBBES JASON W CORPORATE SECRETARY 1.00 46.00 X 0 218100 39603 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 1.00 45.50 X 0 297129 43766 KURTA MARIAN D TREASURER 1.00 46.00 X 0 122235 33399 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 1.00 45.50 X 0 179565 21649 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 1.00 46.00 X 0 160532 35928 BUECHLI JOHN CONSTRUCTION MANAGER 1.00 45.50 X 0 143149 34579 MILLER KEITH DIRECTOR OF SITE DEVELOPMENT 1.00 45.50 X 0 149368 35636 COOPER JENI DIRECTOR OF COMMUNITY INVESTMENT 1.00 45.50 X 0 127325 21555 JOYCE DENNIS M RET 622 FORMER CHIEF OPERATING OFFICER 0.00 0.00 X 0 150000 0 0 2549242 360634 0 1 1 0 0 RENTAL INCOME 531120 2700831 2700831 2700831 86 86 OTHER REVENUE 531390 1 1 1 2700918 2700832 0 86 X 1285000 1285000 49440 49440 4470 4470 13170 13170 5 5 641997 641997 851249 851249 7266 7266 UTILITIES 214968 214968 MAINTENANCE 134366 134366 TAXES 41404 41404 3243335 3243335 0 0 580116 616745 315840 278427 972879 1089762 6907 11581 20582795 2953870 18480174 17628925 223990 125070 20579906 19750510 50874 207576 7448 18069538 17633305 18127860 17840881 X 2452046 1909629 2452046 1909629 20579906 19750510 -542417 0 X 0 1 X 1 0 X X 1 REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION 251033264 10 1 3243335 0 1 3243335 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 RIDC MILL 19B 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 2023 WAS 39.15% AND INVESTMENT INCOME PERCENTAGE FOR 2023 WAS 13.16%. 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). 1100339 1100339 14784412 1309555 13474857 4698044 1644315 3053729 17628925 X PART X, LINE 2: AS OF DECEMBER 31, 2023 AND 2022 THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURN FOR THE YEARS 2020 AND BEYOND REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 0 RIDC OF SOUTHWESTERN PENNSYLVANIA GROWTH FUND 267 KAPPA DRIVE PITTSBURGH PA 15238 251603768 501(C)(3) 1285000 0 ACTUAL COST INCURRED N/A GENERAL OPERATING USE 1 0 PART I, LINE 2: THE GRANT IS UNRESTRICTED AND NO SPECIAL CONDITIONS APPLY. THIS IS A ONE-TIME NON-RECURRING GRANT. NO FUTURE COMMITMENT IS MADE AND GRANT IS FULLY SATISFIED UPON DISBURSEMENT. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 SMITH DONALD F JR PRESIDENT 0 496827 0 126500 0 1455 0 23100 0 20765 0 668647 0 0 WHITE TIMOTHY F SENIOR VP - DEVELOPMENT 0 317767 0 58000 0 1290 0 22514 0 28140 0 427711 0 0 GOLDSTROM MICHAEL SENIOR VP - REAL ESTATE 0 258129 0 39000 0 0 0 18156 0 25610 0 340895 0 0 HOBBES JASON W CORPORATE SECRETARY 0 201600 0 16500 0 0 0 14181 0 25422 0 257703 0 0 PINELLI CHRISTOPHER DIRECTOR, PROPERTY MGMT 0 173321 0 5500 0 744 0 12164 0 9485 0 201214 0 0 HEINRICHER MICHAEL DIRECTOR, ASSET MANAGEMENT 0 149376 0 10500 0 656 0 10728 0 25200 0 196460 0 0 MILLER KEITH DIRECTOR OF SITE DEVELOPMENT 0 145868 0 3500 0 0 0 10454 0 25182 0 185004 0 0 BUECHLI JOHN CONSTRUCTION MANAGER 0 134070 0 8500 0 579 0 9460 0 25119 0 177728 0 0 KURTA MARIAN D TREASURER 0 115224 0 6500 0 511 0 8352 0 25047 0 155634 0 0 JOYCE DENNIS M RET 622 FORMER CHIEF OPERATING OFFICER 0 150000 0 0 0 0 0 0 0 0 0 150000 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. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 13,170. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,170. 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