Public Charity

RIDC LTC 48

Based in PITTSBURGH, PA, RIDC LTC 48 operates as a Public Charity. The organization reported $2.6M in revenue, $2.5M in expenses, $16.3M in total assets for fiscal year 2024. Imperigo tracks 4 reported grants from this foundation totaling approximately $1.6M.

EIN: 811907116 PITTSBURGH, PA Latest filing: 2024
Total Revenue$2.6M
Total Expenses$2.5M
Total Assets$16.3M
Grants Given4
Grant Total$1.6M
Filing Years2019–2024

Mission

RIDC LTC 48 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 THE BURDENS OF GOVERNMENT AND COMBATING COMMUNITY DETERIORATION BY DEVELOPING AN INDUSTRIAL DEVELOPMENT PROJECT AT A LOCATION WITHIN THE CITY OF PITTSBURGH, PENNSYLVANIA.

Officers & Directors

CONSTRUCTION MANAGER Buechli John
DIRECTOR OF COMMUNITY INVE Cooper Jeni
DIRECTOR Giovannitti Jennifer
SENIOR VP - REAL ESTATE Goldstrom Michael
DIRECTOR, ASSET MANAGEMENT Heinricher Michael
CORPORATE SECRETARY Hobbes Jason W

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL OPERATING USE
$1,585,000 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.6M $2.5M $16.3M
2023 $7.6M $3.4M $16.9M
2022 $2.5M $2.9M $17.3M
2020 $2.2M $2.5M $17.9M
2019 $1.5M $2.3M $18.7M

Between 2019 and 2024, reported annual revenue grew from $1.5M to $2.6M (+76%), with total assets most recently reported at $16.3M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in PA.

PA

Full geographic grant map with state-by-state breakdown available with membership.

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