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EIN 25-1033264

Regional Industrial Development Corp of Southwestern Pennsylvania

IRS 501(c) type
501(c)(6)
Num. employees
38
City
Pittsburgh
State
Pennsylvania
Year formed
1955
Most recent tax filings
2023-12-01
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
$24,797,402
2023
Total expenses
$20,119,688
2023
Total assets
$180,382,745
2023
Num. employees
38
2023

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
Donald F. SmithPresident$364,700
Joyce Dennis MChief Operating Officer$215,501
Timothy WhiteSenior Vice President , Business Development and Strategy$188,650
Goldstrom MichaelSenior Vice President - Real Estate$297,129
Mike GoldstromSenior Vice President, Real Estate
...and 38 more key personnel

Financials for Regional Industrial Development Corp of Southwestern Pennsylvania

RevenuesFYE 12/2023
Total grants, contributions, etc.$686,974
Program services$19,022,730
Investment income and dividends$4,970,663
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$117,035
Total revenues$24,797,402

Form 990s for Regional Industrial Development Corp of Southwestern Pennsylvania

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2018-122020-01-23990View PDF
...and 10 more Form 990s
Data update history
February 8, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 21, 2025
Updated personnel
Identified 1 new personnel
October 17, 2024
Updated personnel
Identified 1 new personnel
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 4 new personnel
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
County
Allegheny County, 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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