Overview
What is Ridc Ltc 48?
Ridc Ltc 48 is a nonprofit corporation, established in 2016, with a mission to serve as a Qualified Low Income Community Business (QALICB) entity. Located in Pittsburgh, Pennsylvania, the organization's primary goal is to revitalize properties and improve community well-being. It achieves this by operating The Tech Forge at the 47th building in Lawrenceville. By lessening neighborhood tensions, reducing government burdens, and combating community deterioration, Ridc Ltc 48 aims to develop an industrial development project within the city of Pittsburgh, contributing positively to the local community. The organization operates exclusively for the benefit of the Regional Industrial Development Corporation of Southwestern Pennsylvania.
Official website here: www.ridc.org
Is Ridc Ltc 48 legitimate?
Ridc Ltc 48 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridc Ltc 48 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ridc.org
What is the mission statement of Ridc Ltc 48?
RIDC LTC 48 is an organization with a mission to serve the Regional Industrial Development Corporation of Southwestern Pennsylvania. Its primary function is to revitalize property, alleviate neighborhood tensions, reduce government burdens, and combat community deterioration. This is achieved by undertaking an industrial development project within a city, in this case, Pittsburgh, Pennsylvania. The organization's purpose is to contribute positively to its community by fostering economic growth and improving living conditions.
Official website here: www.ridc.org
What is the revenue of Ridc Ltc 48?
Ridc Ltc 48's revenue in 2023 was $7,564,414.
Official website here: www.ridc.org
Who are the executives of Ridc Ltc 48 and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $624,782
- Other: $43,865
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $377,057
- Other: $50,654
- Compensation: $0
- Related: $218,100
- Other: $39,603
- Compensation: $0
- Related: $297,129
- Other: $43,766
- Compensation: $0
- Related: $122,235
- Other: $33,399
- Compensation: $0
- Related: $179,565
- Other: $21,649
- Compensation: $0
- Related: $160,532
- Other: $35,928
- Compensation: $0
- Related: $143,149
- Other: $34,579
- Compensation: $0
- Related: $149,368
- Other: $35,636
- Compensation: $0
- Related: $127,325
- Other: $21,555
- Compensation: $0
- Related: $150,000
- Other: $0
Official website here: www.ridc.org
Where can I find the form 990 for Ridc Ltc 48?
Ridc Ltc 48's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ridc.org
Learn more at the official website: www.ridc.org
Mission Statement of Ridc Ltc 48
RIDC LTC 48 is an organization that is dedicated to serving a higher purpose. Its mission is to operate exclusively for the benefit of, and to perform the functions of, or carry out the purposes of the Regional Industrial Development Corporation of Southwestern Pennsylvania. The organization seeks to achieve this by reviving property, alleviating neighborhood tensions, lessening the burdens of government, and combating community deterioration, all through the development of an industrial development project at a specific location. By doing so, RIDC LTC 48 aims to contribute positively to its community, promoting growth and reducing tension, thereby improving the overall quality of life.
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Impact
October, 2024
Ridc LTC 48 plays a significant role in revitalizing urban spaces in Pittsburgh by focusing on industrial development projects that address community needs. By transforming property and fostering economic growth, it helps to alleviate neighborhood tensions and reduce the burdens on local government. This organization directly contributes to combating community deterioration, which is essential for enhancing the quality of life for residents.
The operation of the Tech Forge at 47th Building in Lawrenceville is a prime example of Ridc LTC 48’s impact. This initiative not only provides space for innovation and technology but also creates job opportunities and stimulates local economic activity. The emphasis on low-income community engagement ensures that the benefits of its projects reach a diverse demographic, thus promoting inclusivity and fostering a sustainable community.
Overall, Ridc LTC 48’s initiatives are vital for enhancing community development, encouraging industrial growth, and improving the local economy, all while addressing the unique challenges faced by the neighborhoods it serves.
This information is meant to be a general summary of Ridc Ltc 48. 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 2023.
- Investment Income: $204,000
- Program Service Revenue: $2,697,130
- Gross Receipts: $7,564,414
Assets and Liabilities:
- Total Assets: $17,270,116
- Total Liabilities: $18,850,123
- Net Assets: -$1,580,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,696,580
SERVICE & MANAGEMENT
Revenue
$550
Organization Details
Founding Year
2016
Principal Officer
Kurta Marian D
Website
www.ridc.orgNTEE Category
Code: S31 - Community improvement
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