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EIN 25-1033264

Regional Industrial Development Corp of Southwestern Pennsylvania

IRS 501(c) type
501(c)(6)
Num. employees
39
City
Pittsburgh
State
Pennsylvania
Year formed
1955
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
RIDC develops real estate projects to promote economic growth, job creation, and public interest in economically depressed areas of Southwestern Pennsylvania.
Also known as...
Regional Industrial Development Corporation of SW Pa; Ridc
Total revenues
$22,677,325
2022
Total expenses
$20,523,426
2022
Total assets
$178,165,590
2022
Num. employees
39
2022

Program areas at Regional Industrial Development Corp of Southwestern Pennsylvania

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.

Personnel at Regional Industrial Development Corp of Southwestern Pennsylvania

NameTitleCompensation
Joyce Dennis MChief Operating Officer$215,501
Timothy WhiteSenior Vice President , Business Development and Strategy$188,650
Goldstrom MichaelSenior Vice President - Real Estate$272,580
Mike GoldstromSenior Vice President, Real Estate
Donald F. SmithPresident$364,700
...and 39 more key personnel

Financials for Regional Industrial Development Corp of Southwestern Pennsylvania

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$18,644,361
Investment income and dividends$3,473,170
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$525,585
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$34,209
Total revenues$22,677,325

Form 990s for Regional Industrial Development Corp of Southwestern Pennsylvania

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2018-122020-01-23990View PDF
2017-122019-03-15990View PDF
...and 9 more Form 990s

Organizations like Regional Industrial Development Corp of Southwestern Pennsylvania

OrganizationLocationRevenue
Metropolitan Improvemnt District (DSA)Seattle, WA$17,328,616
Sacramento Downtown PartnershipSacramento, CA$7,194,366
Greater Hazleton Community Area New Development OrganizationHazleton, PA$19,938,198
Downtown San Diego PartnershipSan Diego, CA$12,045,568
Marble Falls Economic Development CorporationMarble Falls, TX$6,358,572
KU Innovation ParkLawrence, KS$13,851,598
Centerstate Corporation for Economic OpportunitySyracuse, NY$13,051,588
Greater Spokane Incorporated (GSI)Spokane, WA$5,819,739
Ann Arbor SparkAnn Arbor, MI$9,443,903
Greater St LouisSt Louis, MO$14,780,936
Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 4 new personnel
December 25, 2023
Used new vendors
Identified 2 new vendors, including , and
November 17, 2023
Updated personnel
Identified 11 new personnel
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
HealthDiseases and disordersCommunity improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government funding
General information
Address
267 Kappa Dr
Pittsburgh, PA 15238
Metro area
Pittsburgh, PA
Website URL
ridc.org/ 
Phone
(412) 315-6440
Twitter profile
@ridc_swpa 
IRS details
EIN
25-1033264
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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