REGIONAL INDUSTRIAL DEVELOPMENT CORP OF SOUTHWESTERN PENNSYLVANIA
611 WILLIAM PENN PLACE NO 600, PITTSBURGH, PA 15219 www.ridc.org

Total Revenue
$26,673,125
Total Expenses
$24,549,580
Net Assets
$123,980,660

Organizations Filed Purposes: RIDC WAS INCORPORATED IN 1955 TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE TEN COUNTIES IN SOUTHWESTERN PENNSYLVANIA. THROUGH PUBLIC, PRIVATE, AND INSTITUTIONAL PARTNERSHIPS, RIDC DEVELOPS REAL ESTATE TO ENSURE THE REGION CAN CAPTURE EMERGING AND EXISTING GROWTH OPPORTUNITIES.

THE MISSION OF THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA IS TO CATALYZE AND SUPPORT ECONOMIC GROWTH AND HIGH QUALITY JOB CREATION THROUGH REAL ESTATE DEVELOPMENT AND FINANCE OF PROJECTS THAT ADVANCE THE PUBLIC INTEREST.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Smith Donald F JrPRESIDENT35$441,433
Joyce Dennis MCHIEF OPERATING OFFICER35$301,183
White Timothy FSENIOR VP - DEVELOPMENT35$241,286
Dreher AdarrylASSOCIATE VP - FINANCE35$204,743
Kirk William C JrVP - REAL ESTATE OPERATIONS35$174,340
Pinelli ChristopherPROPERTY MGMT. DIRECTOR35$125,078
Saul W MichaelTREASURER35$113,934
Levy LawrenceDEVELOPMENT PROJECT MGR.35$102,963
Poremski Colleen BCORPORATE SECRETARY35$91,317
Grimes Marcia L EsquireASSISTANT SECRETARY0.5$0
Yablonsky DennisDIRECTOR0.5$0
Volpatti KrisDIRECTOR0.5$0
Vogler Daniel JDIRECTOR0.5$0
Stewart JasonDIRECTOR0.5$0
Stephenson Samuel JDIRECTOR1.5$0
Russo AudreyDIRECTOR0.5$0
Ruddock RodneyDIRECTOR0.5$0
Richardson J WilliamDIRECTOR0.5$0
Peduto WilliamDIRECTOR0.5$0
Pease Robert BDIRECTOR EMERITUS NONVOTING0.5$0
Motley DavidDIRECTOR1$0
Mcnulty Timothy PDIRECTOR0.5$0
Kurtzrock Mark JayDIRECTOR1.5$0
Hunt WilliamDIRECTOR0.5$0
Hannon Michael JDIRECTOR0.5$0
Guy Steven JDIRECTOR0.5$0
Fitzgerald RichDIRECTOR0.5$0
Cartwright EricDIRECTOR1$0
Buss Sara Davis EsquireDIRECTOR/VICE CHAIRMAN1$0
Blocksidge Charles TDIRECTOR EMERITUS NONVOTING1$0
Aloe MarkDIRECTOR0.5$0
Clark G ReynoldsCHAIRMAN/DIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201923199349314672_public.xml