2023-09-18T10:00:43-05:00 2022-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-01-01 850976761 INVEST PGH INC INVE 4122556588 412 BOULEVARD OF THE ALLIES 901 PITTSBURGH PA 15219 REBECCA DAVIDSON-WAGNER PRESIDENT 4122556588 2023-09-15 1 REBECCA DAVIDSON-WAGNER 999009999 0 PHILIP H CORNBLATT CPA P00252478 4107834900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REBECCA DAVIDSON-WAGNER 412 BOULEVARD OF THE ALLIES 901 PITTSBURGH PA 15219 501040 0 X WWW.INVESTPGH.ORG X 2020 PA INVEST PGH IS A NONPROFIT AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) ORGANIZATION THAT AIDS SMALL BUSINESS AND AFFORDABLE HOUSING INITIATIVES THROUGHOUT THE CITY OF PITTSBURGH. CREATED IN 2020, INVEST PGH SEEKS TO FUNDRAISE AND PROVIDE CAPITAL AND TECHNICAL ASSISTANCE FOR SMALL BUSINESSES. INVEST PGH'S MICRO-ENTERPRISE LOAN PROGRAMS PROVIDE FUNDS FOR MICRO-BORROWERS TO START UP OR EXPAND THEIR BUSINESSES THROUGHOUT PITTSBURGH. IT ALSO SERVES AS A CLEARINGHOUSE FOR RESOURCES AND TOOLS FOR THESE SMALL BUSINESSES. INVEST PGH ALSO AIMS TO PRESERVE AFFORDABLE HOUSING UNITS IN THE PITTSBURGH REGION AND CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH LENDING SUPPORT TO THE COMMUNITY AND SOCIALLY-DRIVEN DEVELOPERS. 5 5 0 5 0 0 1275410 415000 68895 85384 0 656 0 0 1344305 501040 0 295000 0 0 682 1027 0 0 0 337777 431304 338459 727331 1005846 -226291 6268905 7002856 5071663 6031905 1197242 970951 X INVEST PGH IS A NONPROFIT AND COMMUNITY DEVELOPMENT FINANCIALINSTITUTION (CDFI) ORGANIZATION THAT AIDS SMALL BUSINESS AND AFFORDABLEHOUSING INITIATIVES THROUGHOUT THE CITY OF PITTSBURGH. CREATED IN 2020,INVEST PGH SEEKS TO FUNDRAISE AND PROVIDE CAPITAL AND TECHNICALASSISTANCE FOR SMALL BUSINESSES. INVEST PGH'S MICRO-ENTERPRISE LOANPROGRAMS PROVIDE FUNDS FOR MICRO-BORROWERS TO START UP OR EXPAND THEIRBUSINESSES THROUGHOUT PITTSBURGH. IT ALSO SERVES AS A CLEARINGHOUSE FORRESOURCES AND TOOLS FOR THESE SMALL BUSINESSES. INVEST PGH ALSO AIMS TOPRESERVE AFFORDABLE HOUSING UNITS IN THE PITTSBURGH REGION AND CREATEAFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH LENDING SUPPORT TO THECOMMUNITY AND SOCIALLY-DRIVEN DEVELOPERS. 0 0 673435 295000 85384 INVEST PGH AIMS TO PRESERVE AFFORDABLE HOUSING UNITS IN THE PITTSBURGH REGION AND CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH LENDING SUPPORT TO THE COMMUNITY AND SOCIALLY-DRIVEN DEVELOPERS. UNDER ITS MICRO-ENTERPRISE AND ABEL LOAN PROGRAMS, THE ORGANIZATION EXECUTED SEVERAL LOANS WITH VARIOUS BORROWERS WITH ORIGINAL PRINCIPAL AMOUNTS VARYING BETWEEN $5,000 AND $150,000. UNDER ITS CRIB LOAN PROGRAM, THE ORGANIZATION EXECUTED SEVERAL LOANS WITH VARIOUS BORROWERS WITH ORIGINAL PRINCIPAL AMOUNTS VARYING BETWEEN $5,000 AND $25,000. 673435 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X REBECCA DAVIDSON-WAGNER 4122556588 412 BOULEVARD OF THE ALLIES 901 PITTSBURGH PA 15219 X JENNIFER WILHELM CHAIRPERSON 15.00 X 0 0 0 MATTHEW MADIA TREASURER 1.00 X 0 0 0 MAELENE MYERS VICE-CHAIRPERSON 1.00 X 0 0 0 VERNARD ALEXANDER SECRETARY 1.00 X 0 0 0 WENDELL WADE MEMBER 1.00 X 0 0 0 REBECCA DAVIDSON-WAGNER PRESIDENT/CEO 20.00 X 0 0 0 0 0 0 0 0 0 0 0 415000 415000 INTEREST & LENDING FEE 522292 85384 85384 85384 656 656 501040 85384 0 656 295000 295000 1027 1027 5950 5950 22571 22571 29591 29591 8367 8367 8369 8369 3921 3921 75664 61335 14329 1650 1650 PROVISION FOR LOAN LOSS 131751 131751 URA ADMINISTRATIVE FEES 122115 122115 TECHNICAL ASSISTANCE 19855 19855 SPONSORSHIPS 1500 1500 727331 673435 53896 0 4869999 5239591 380 0 1398380 1753265 146 10000 6268905 7002856 140084 125998 4931579 5905907 5071663 6031905 X 61172 -214455 1136070 1185406 1197242 970951 6268905 7002856 -226291 0 X 0 1 X 1 0 X 272370 1275410 415000 1962780 272370 1275410 415000 1962780 1962780 5488 656 6144 1968924 154279 X PART II SECTION A AND B THE ORGANIZATION WAS FORMED ON APRIL 28, 2020 AND REQUIRED TO FILE A RETURN FOR THE SHORT PERIOD FROM APRIL 28, 2020 TO DECEMBER 31, 2020. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 501040 0 501040 0 501040 727331 0 727331 0 727331 PART X, LINE 2: THE ORGANIZATION APPLIED FOR, AND WAS GRANTED, TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EFFECTIVE AS OF APRIL 28, 2020. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2022 AND 2021, AND DID NOT ENGAGE IN ANY ACTIVITIES CONSIDERED TO BE UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. BEGINNING WITH THE YEAR OF ITS FORMATION IN 2020, THE ORGANIZATION IS REQUIRED TO ANNUALLY FILE A TAX RETURN WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS COMPLIED WITH THIS REQUIREMENT AND TAX RETURNS SINCE 2020 REMAIN OPEN FOR EXAMINATION. 0 JENNIFER DICKQUIST LAW LLC 1546 FULTON STREET PITTSBURG PA 15233 30000 0 LOAN FOR SMALL BUSINESS DAVIS FAMILY CHILDCARE LLC 7220 UPLAND STREET PITTSBURG PA 15208 20000 0 LOAN FOR SMALL BUSINESS PRECIOUS SPROUTS DAYCARE ACADEMY LLC 227 BONVUE ST PITTSBURG PA 15214 20000 0 LOAN FOR SMALL BUSINESS SIMPLY KIDZ ZONE EARLY LEARNING CHILDCARE LLC 5813 BRYANT ST PITTSBURG PA 15206 10000 0 LOAN FOR SMALL BUSINESS WRIGHT CHILDCARE SOLUTIONS 4210 COLERIDGE STREET PITTSBURG PA 15201 20000 0 LOAN FOR SMALL BUSINESS MCCOY'S LEARNING CENTER LLC 7721 MULFORD STREET PITTSBURG PA 15208 20000 0 LOAN FOR SMALL BUSINESS MALAIKA LEARNING CENTER 3556 SHADELAND AVENUE PITTSBURG PA 15233 20000 0 LOAN FOR SMALL BUSINESS JUBILEE ASSOCIATION INC 2001 WYANDOTTE STREET PITTSBURG PA 15219 10000 0 LOAN FOR SMALL BUSINESS HALLS FAMILY ACADEMY LLC 1932 WESTMONT AVENUE PITTSBURG PA 15210 20000 0 LOAN FOR SMALL BUSINESS TREE OF LIFE OPEN BIBLE CHURCH 1036 BROOKLINE BLVD PITTSBURG PA 15226 10000 0 LOAN FOR SMALL BUSINESS LONDON BRIDGES CHILD DEVELOPMENT CENTER LLC 6010 CENTRE AVENUE PITTSBURG PA 15206 45000 0 LOAN FOR SMALL BUSINESS ONE GOAL ENTERPRISES LLC DBA EACH ONE TEACH ONE 500 ARDMORE BLVD PITTSBURG PA 15221 20000 0 LOAN FOR SMALL BUSINESS YOUNG RADIANT SCHOLARS CHILDCARE SERVICE LLC 7233 LEMINGTON AVE PITTSBURG PA 15206 25000 0 LOAN FOR SMALL BUSINESS A CHILDCARE LLC 2510 BROWNSVILLE ROAD PITTSBURG PA 15210 20000 0 LOAN FOR SMALL BUSINESS SCHEDULE I PART II UNDER ITS CRIB LOAN PROGRAM, THE ORGANIZATION EXECUTED SEVERAL LOANS WITH VARIOUS BORROWERS WITH ORIGINAL PRINCIPAL AMOUNTS VARYING BETWEEN $5,000 AND $25,000. LOANS ARE EITHER UNSECURED OR SECURED BY GUARANTIES OF AFFILIATES OF THE BORROWERS. EACH LOAN UNDER THE CRIB PROGRAM IS NONINTEREST-BEARING. AFTER THE INITIAL YEAR FOLLOWING LOAN DISBURSEMENT, THE BORROWERS MAY APPLY FOR LOAN FORGIVENESS. THE AMOUNTS ON THIS SCHEDULE REPRESENT LOAN BALANCES THAT HAVE BEEN FORGIVEN BY THE ORGANIZATION BASED ON THE RECIPIENT QUALIFYING FOR FORGIVENESS. FORM 990, PART VI, SECTION A, LINE 7A PUI LLC HAS THE AUTHORITY TO ELECT 3 BOARD MEMBERS OF IPGH INC. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHAIRPERSON OF THE INVEST PGH BOARD AND THE PRESIDENT FOR CONSISTENCY. THE BOOKKEEPER IS ALSO CONSULTED TO INSURE REPORTING ON INCOME AND SOURCES IS ACCURATE. THE 990 IS THEN APPROVED AND PROVIDED FOR THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DESCRIBED IN A AN ANNUAL ACKNOWLEDGEMENT FORM REGARDING DUTIES OF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 INVEST PGH CURRENTLY HAS NO EMPLOYEES, NOR DOES IT COMPENSATE DIRECTORS OR OFFICERS. INSTEAD IPGH HAS AN ADMINISTRATIVE AGREEMENT FOR SUPPORT STAFFING WITH ANOTHER ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. PITTSBURGH URBAN INITIATIVES LLC 412 BLVD OF THE ALLIES STE 90 PITTSBURGH PA 15219 271990218 GP IN NMTC PROJECTS IN LOW INCOME COMMUNITIES PA 501(C)(3) LINE 7 URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 PITTSBURGH URBAN INIATIVES LLC E 150000 LOAN AGREEMENTS URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH C 290000 LOAN FORGIVENESS