Overview
What is Regional Industrial Development Corp Of Southwestern Pennsylvania?
The Regional Industrial Development Corp of Southwestern Pennsylvania (RIDC) is a nonprofit organization established in 1955 to promote economic growth and improve the general welfare in ten counties of Southwestern Pennsylvania. By developing and renting property in economically depressed areas at below-market value, RIDC assists in combating community deterioration and increasing industry and employment opportunities. RIDC secures low-interest loans on behalf of small businesses through the Pennsylvania Industrial Development Authority, furthering their mission. With a team of 39 employees, they foster public, private, and institutional partnerships to ensure the region can capture emerging and existing growth opportunities.
Official website here: www.ridc.org
Is Regional Industrial Development Corp Of Southwestern Pennsylvania legitimate?
Regional Industrial Development Corp Of Southwestern Pennsylvania is a legitimate nonprofit organization registered as a 501(c)(6) entity. Regional Industrial Development Corp Of Southwestern Pennsylvania submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,869,398
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,440,653
For more financial information, click here
Official website here: www.ridc.org
What is the mission statement of Regional Industrial Development Corp Of Southwestern Pennsylvania?
The Regional Industrial Development Corp of Southwestern Pennsylvania (RIDC) was established in 1955 with the goal of promoting economic growth and creating high-quality jobs through real estate development and financing. By leveraging public, private, and institutional partnerships, RIDC develops property primarily in economically depressed areas and offers below-market value rent and low-interest loans with the Pennsylvania Industrial Development Authority for small businesses. These activities are carried out to combat community deterioration by increasing industry and employment opportunities, thereby supporting federal, state, and local governments in their similar efforts.
Official website here: www.ridc.org
Who is the CEO of Regional Industrial Development Corp Of Southwestern Pennsylvania?
Marian D Kurta is the President of Regional Industrial Development Corp Of Southwestern Pennsylvania.
Official website here: www.ridc.org
What is the revenue of Regional Industrial Development Corp Of Southwestern Pennsylvania?
Regional Industrial Development Corp Of Southwestern Pennsylvania's revenue in 2022 was $22,677,325.
Official website here: www.ridc.org
Who are the executives of Regional Industrial Development Corp Of Southwestern Pennsylvania and what are their salaries?
The average compensation at Regional Industrial Development Corp Of Southwestern Pennsylvania during 2022 was $110,514. There are 39 employees at Regional Industrial Development Corp Of Southwestern Pennsylvania.
Here are 37 key members and their salaries:
- Smith Donald F Jr (President) [Trustee/Director]
- White Timothy F (Senior Vp - Development)
- Goldstrom Michael (Senior Vp - Real Estate)
- Joyce Dennis M Ret 62022 (Chief Operating Officer)
- Hobbes Jason W (Corporate Secretary)
- Pinelli Christopher (Director, Property Mgmt)
- Heinricher Michael (Director, Asset Management)
- Buechli John (Construction Manager)
- Miller Keith (Director Of Site Development)
- Kurta Marian D 522-1222 (Treasurer)
- Vicario Mary Jo (Senior Property Manager)
- Cunningham W H 122-522 (Treasurer)
- Poremski Colleen B 122-322 (Asst. Corporate Secretary)
- Blocksidge Charles T (Director Emeritus)
- Desantis Mark (Director)
- Fitzgerald Rich (Director Ex-Officio)
- Hunt William (Director/Vice Chairman)
- Kurtzrock Mark Jay (Director)
- Mcnulty Timothy P (Director)
- Marr Michael (Director)
- Mondi Patrick (Director)
- Rutenbar Rob (Director)
- Pease Robert B (Director Emeritus)
- Russo Audrey (Director)
- Stephenson Samuel J (Chairman/Director)
- Stewart Jason (Director)
- Vogler Daniel J (Director)
- Volpatti Kris (Director)
- Giovannitti Jennifer (Director)
- Hannon Michael J (Director)
- O'Brien Tim (Director)
- Osche Leslie (Director)
- Bell Margaret (Director)
- Gainey Ed (Director)
- Proctor Danielle (Director)
- Sbrocco Greg (Director)
- Clark G Reynolds (Director Emeritus)
Official website here: www.ridc.org
Where can I find the form 990 for Regional Industrial Development Corp Of Southwestern Pennsylvania?
The Regional Industrial Development Corp Of Southwestern Pennsylvania’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ridc.org
Learn more at the official website: www.ridc.org
Mission Statement of Regional Industrial Development Corp Of Southwestern Pennsylvania
The Regional Industrial Development Corp of Southwestern Pennsylvania, or RIDC, was established in 1955 with a mission to catalyze and support economic growth and job creation in the region. This mission is achieved through real estate development and finance of projects that align with the public interest.
RIDC works in partnership with public, private, and institutional entities to develop real estate in economically depressed areas and rents the property at below market value. The organization's primary goal is to combat community deterioration by increasing the level of industry and employment opportunities. By doing so, RIDC assists federal, state, and local governments in their similar efforts.
To fulfill this objective, RIDC obtains and guarantees low-interest loans on behalf of small businesses through the Pennsylvania Industrial Development Authority. These activities are solely aimed at assisting the community by providing essential infrastructure and resources to attract and retain businesses, which in turn generate jobs and spur economic development. By actively engaging in these initiatives, RIDC plays a pivotal role in revitalizing the economy and improving the overall welfare of the ten counties in Southwestern Pennsylvania.
Impact
This information is meant to be a general summary of Regional Industrial Development Corp Of Southwestern Pennsylvania. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Regional Industrial Development Corp Of Southwestern Pennsylvania's impact is notable in catalyzing and supporting economic growth and high-quality job creation through real estate development and financing projects that advance the public interest. RIDC develops and rents property primarily in economically depressed areas at below market value, while also obtaining and guaranteeing low-interest loans on behalf of small businesses through partnerships with the Pennsylvania Industrial Development Authority. These efforts are aimed at combating community deterioration by increasing industry and employment opportunities, aligning with federal, state, and local government initiatives in similar endeavors. RIDC's work contributes significantly to community improvement in the region, showcasing its commitment to fostering economic development and enhancing the overall welfare of Southwestern Pennsylvania.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$16,544,832
SERVICE & MANAGEMENT
Revenue
$2,099,529
Organization Details
Founding Year
1955
Phone
(412) 315-6440
Principal Officer
Marian D Kurta
Main Address
267 KAPPA DRIVE, PITTSBURGH, PA, 15238
Website
www.ridc.org
NTEE Category
Code: S31 - Community improvement
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