Ridc Mill 19b
- Assets
- $20.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 35-2617410
Organization Overview
Ridc Mill 19b is located in Pittsburgh, PA. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridc Mill 19b is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Smith Donald F Jr President | OfficerTrustee | 1 | $0 |
Smith Matt Director | Trustee | 0.5 | $0 |
Robinson F Brooks Jr Director | Trustee | 0.5 | $0 |
Stephenson Samuel J Chairman/director | OfficerTrustee | 0.5 | $0 |
Hunt William Director/vice Chairman | OfficerTrustee | 0.5 | $0 |
Joyce Dennis M Ret 622 Chief Operating Officer | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rycon Construction Inc Construction Contractors | 12/30/21 | $212,181 |
Jendoco Construction Corp Construction Contractors | 12/30/21 | $206,578 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,693,687 |
| Investment income | $477,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,171,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $49,440 |
| Fees for services: Legal | $3,620 |
| Fees for services: Accounting | $4,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,691 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $610,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $843,454 |
| Insurance | $11,548 |
| All other expenses | $0 |
| Total functional expenses | $2,347,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,116 |
| Savings and temporary cash investments | $315,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $972,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,907 |
| Net Land, buildings, and equipment | $18,480,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,990 |
| Total assets | $20,579,906 |
| Accounts payable and accrued expenses | $50,874 |
| Grants payable | $0 |
| Deferred revenue | $7,448 |
| 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 | $18,069,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,127,860 |
| Net assets without donor restrictions | $2,452,046 |
| Net assets with donor restrictions | $0 |
| 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 | $20,579,906 |