Overview
What is Northside Industrial Development Company?
Northside Industrial Development Company, operating as Riverside Center for Innovation, is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary focus is to support startup and early-stage businesses by offering them office space, management training, and various business assistance services. The organization strives to create a conducive environment for the region's diverse entrepreneurs and small businesses to thrive. They engage in activities that promote the prosperity of these businesses, providing them with incubation support, training, innovative strategies, and even aiding in brownfield development. With a team of 11 dedicated individuals, Riverside Center for Innovation is committed to fostering business growth and development in the region.
Official website here: www.riversidecenterforinnovation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Northside Industrial Development Company, doing business as Riverside Center for Innovation, has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored exceptionally well in several key areas, such as having a fully independent board and effective financial oversight. This high rating indicates a transparent and well-managed nonprofit that prioritizes the responsible use of its resources.
A significant strength noted in the evaluation is the organization's commitment to maintaining independence among its board members and having no material diversion of assets. Additionally, the organization demonstrates a solid financial foundation with a program expense ratio of 80.45%, ensuring that the majority of its funds are directed towards its mission. The positive audit and oversight practices further bolster its financial integrity.
However, one area that drew less favorable attention is the fundraising efficiency ratio, which scored only 5 out of 25 points. This suggests that while the nonprofit is effective in many aspects, it may have opportunities to improve its fundraising strategies to maximize the impact of donations. Overall, Riverside Center for Innovation's high rating positions it as a reliable and accountable organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Northside Industrial Development Company legitimate?
Northside Industrial Development Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northside Industrial Development Company 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $110,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $565,937
For more financial information, click here
Official website here: www.riversidecenterforinnovation.com
What is the mission statement of Northside Industrial Development Company?
Northside Industrial Development Company, functioning as Riverside Center for Innovation, is committed to fostering a thriving environment for diverse entrepreneurs and small businesses. They achieve this by engaging in activities that encompass incubation support, training, innovative strategies, and brownfield development. The organization's mission is to help startups and early-stage businesses prosper by providing office space, management training, and various business assistance services. This fosters the growth of these enterprises, contributing to the region's economic development.
Official website here: www.riversidecenterforinnovation.com
Who is the CEO of Northside Industrial Development Company?
Juan Garrett is the Executive Director of Northside Industrial Development Company.
Official website here: www.riversidecenterforinnovation.com
What is the revenue of Northside Industrial Development Company?
Northside Industrial Development Company's revenue in 2022 was $4,393,853.
Official website here: www.riversidecenterforinnovation.com
Who are the executives of Northside Industrial Development Company and what are their salaries?
The average compensation at Northside Industrial Development Company during 2022 was $61,539. There are 11 employees and 4 volunteers at Northside Industrial Development Company.
Here are 14 key members and their salaries:
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Official website here: www.riversidecenterforinnovation.com
Where can I find the form 990 for Northside Industrial Development Company?
Northside Industrial Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riversidecenterforinnovation.com
Learn more at the official website: www.riversidecenterforinnovation.com
Mission Statement of Northside Industrial Development Company
Northside Industrial Development Company D/B/A Riverside Center For Innovation is dedicated to fostering a conducive environment for the region's diverse entrepreneurs and small businesses to thrive. To achieve this mission, the organization engages in activities that encompass incubator support, training, and the implementation of innovative strategies. By providing office space, management training, and various business assistance services, Northside Industrial Development Company D/B/A Riverside Center For Innovation aids in the development of startup and early-stage businesses.
In essence, the nonprofit organization's mission is to create a nurturing ecosystem that encourages the growth and prosperity of local entrepreneurs and small businesses. This is accomplished through the strategic provision of incubator support, which encompasses essential resources and guidance to help these enterprises overcome the challenges they often face in their formative stages. By offering management training and innovative strategies, Northside Industrial Development Company D/B/A Riverside Center For Innovation empowers these businesses to navigate the complexities of the marketplace and ultimately succeed.
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Impact
October, 2024
Northside Industrial Development Company has a significant impact on the local economy and entrepreneurial landscape in Pittsburgh, Pennsylvania. By focusing on cultivating a healthy environment for diverse entrepreneurs and small businesses, the organization plays a vital role in fostering economic growth and innovation in the region.
One of the primary ways it achieves this is through incubator support, which provides startup and early-stage businesses with essential resources such as office space, management training, and various business assistance services. This support helps entrepreneurs navigate the challenges of establishing and growing their businesses, ultimately leading to job creation and increased employment opportunities in the area.
Additionally, Northside Industrial Development Company emphasizes brownfield development, which revitalizes underutilized industrial properties. This not only transforms these areas into productive spaces for business but also contributes to environmental sustainability. By implementing innovative strategies and focused training programs, the organization empowers entrepreneurs and strengthens the overall economic fabric of the community, ensuring that Pittsburgh remains a vibrant hub for diverse business ventures.
This information is meant to be a general summary of Northside Industrial Development Company. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: -$8,333
- Program Service Revenue: $1,021,726
- Gross Receipts: $4,404,315
Assets and Liabilities:
- Total Assets: $3,675,922
- Total Liabilities: $367,451
- Net Assets: $3,308,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$609,898
GOVERNMENT GRANTS
Revenue
$396,032
SHARED OFFICE SERVICE
Revenue
$15,796
Organization Details
Founding Year
1983
Phone
(412) 322-3523Principal Officer
Juan Garrett
Main Address
700 RIVER AVENUE 531, PITTSBURGH, PA, 15212
NTEE Category
Code: J20 - Employment
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