Northside Industrial Development Company
- Assets
- $3.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Pittsburgh, PA
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 25-1452789
Organization Overview
Northside Industrial Development Company is located in Pittsburgh, PA. The organization was established in 2006. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Northside Industrial Development Company employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northside Industrial Development Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northside Industrial Development Company generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO ENGAGE IN ACTIVITIES THAT CULTIVATE A HEALTHY ENVIRONMENT FOR THE REGION'S DIVERSE ENTREPRENEURS AND SMALL BUSINESSES TO PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCUBATOR SUPPORTINCUBATOR SUPPORT TO HELP STARTUP AND EARLY-STAGE BUSINESSES DEVELOP BY PROVIDING OFFICE SPACE, MANAGEMENT TRAINING, AND OTHER BUSINESS ASSISTANCE SERVICES.
COMPREHENSIVE ENTREPRENEURIAL TRAINING PROGRAMS WHICH TARGET DISADVANTAGED MINORITIES AND VETERANS, ASSESSMENT OF BROWNFIELD SITES IN ENTERPRISE ZONES, & OTHER MISCELLANEOUS INCOME.
BLACK ENVIRONMENTAL NETWORKBLACK ENVIRONMENTAL NETWORK IS A COALITION DESIGNED TO INVESTIGATE THE ENVIRONMENTAL ISSUES THAT EFFECT THE HEALTH OF BLACK INDIVIDUALS.
BIZFIT BIZFIT IS A SINGLE POINT CONTACT FOR MINORITIES, WOMEN, VETERANS, AND OTHER DISADVANTAGED BUSINESS OWNERS SEEKING INFORMATION TO START, SUSTAIN, AND GROW THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merrill Stabile Director | Trustee | 1 | $0 |
Linda Leonhardt Director | Trustee | 1 | $0 |
Steven C Townsend Esquire 2nd Chair | OfficerTrustee | 1 | $0 |
Jennifer Harris 1st Chair | OfficerTrustee | 1 | $0 |
Pete Hanlon Treasurer | OfficerTrustee | 1 | $0 |
Michael Knoop Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Djs Ventures Inc Consulting Services | 6/29/22 | $144,830 |
Urban Kind Institute Consulting Services | 6/29/22 | $476,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,218,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,218,807 |
| Total Program Service Revenue | $1,021,726 |
| Investment income | $2,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,393,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,995 |
| Compensation of current officers, directors, key employees. | $48,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,278 |
| Payroll taxes | $50,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $745 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $75,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,291 |
| Insurance | $48,989 |
| All other expenses | $87,064 |
| Total functional expenses | $2,932,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,225 |
| Savings and temporary cash investments | $609,858 |
| Pledges and grants receivable | $1,112,698 |
| Accounts receivable, net | $83,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,201 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,664 |
| Net Land, buildings, and equipment | $1,590,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,000 |
| Other assets | $175,950 |
| Total assets | $3,675,922 |
| Accounts payable and accrued expenses | $169,794 |
| Grants payable | $0 |
| Deferred revenue | $6,850 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $116,106 |
| Unsecured mortgages and notes payable | $16,065 |
| Other liabilities | $58,636 |
| Total liabilities | $367,451 |
| Net assets without donor restrictions | $1,730,472 |
| Net assets with donor restrictions | $1,577,999 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,675,922 |