2024-08-08T09:41:50-04:00 2023-12-31 233022325 ZELENKOFSKE AXELROD LLC 210 TOLLGATE HILL ROAD GREENSBURG PA 15601 990 2023-01-01 850976761 INVEST PGH INC INVE 4122556588 412 BOULEVARD OF THE ALLIES STE 90 PITTSBURGH PA 15219 REBECCA DAVIDSON-WAGNER PRESIDENT/CEO 4122556588 2024-08-08 false JARED C EWING P00596532 7248342151 2024-08-08 2023 2024-08-08 14:25:15Z REBECCA DAVIDSON-WAGNER 412 BOULEVARD OF THE ALLIES STE 90 PITTSBURGH PA 15219 1046235 false 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. (CONTINUED ON SCHEDULE O) 5 5 0 12 0 415000 894134 85384 132910 656 19191 0 501040 1046235 295000 198715 0 1027 0 0 0 431304 416998 727331 615713 -226291 430522 7002856 7321464 6031905 5919991 970951 1401473 X 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. (CONTINUED ON SCHEDULE O) false false 568285 198715 132910 INVEST PGH AIMS TO PROVIDE SMALL BUSINESS LENDING IN THE CITY OF PITTSBURGH. UNDER ITS MICROENTERPRISE 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. 568285 true true false false false false false false false false false false false false false true true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 15 0 0 false false false false false false false false X 5 5 false false true false false true false true true false false true true true true true true false false false PA X REBECCA DAVIDSON-WAGNER 4122556588 412 BOULEVARD OF THE ALLIES STE 90 PITTSBURGH PA 15219 X VERNARD ALEXANDER SECRETARY 1.00 X X 0 0 0 MATTHEW MADIA TREASURER 1.00 X X 0 0 0 MAELENE MYERS VICE CHAIRPE 1.00 X X 0 0 0 WENDELL WADE MEMBER 1.00 X 0 0 0 JENNIFER WILHELM CHAIRPERSON 15.00 X X 0 0 0 REBECCA DAVIDSON-WAGNER PRESIDENT/CE 20.00 X 0 0 0 false false false PITTSBURGH 412 BLVD OF THE ALLIES 901 PITTSBURGH PA 15219 ADMIN/MGMT 122115 1 880419 13715 894134 INTEREST & LENDING FEES 522292 132910 132910 132910 19191 19191 1046235 132910 19191 198715 198715 24459 24459 44100 44100 4085 4085 2174 2174 9700 9700 85675 69450 16225 1650 1650 ADMINISTRATIVE FEE 216720 216720 TECHNICAL ASSISTANCE 25515 25515 DUES AND SUBSCRIPTIONS 2900 2900 BOARD AND STAFF SUPPORT 20 20 615713 568285 47428 0 X 5239591 1284532 2022504 414500 1753265 3599928 10000 7002856 7321464 125998 216720 5905907 5703271 6031905 5919991 X -214455 751673 1185406 649800 970951 1401473 7002856 7321464 430522 X false true X true false X 272370 1275410 415000 894134 2856914 272370 1275410 415000 894134 2856914 2856914 5488 656 19191 25335 2882249 287189 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1046235 1046235 1046235 615713 615713 615713 SCHEDULE D, PAGE 3, PART X 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, 2023 AND 2022, AND DID NOT ENGAGE IN ANY ACTIVITIES CONSIDERED TO BE UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022. 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. THE ORGANIZATION RECOGNIZES AND DISCLOSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GAAP. AS OF AND DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. false EARTHEN VESSELS OUTREACH 250 S PACIFIC AVE PITTSBURGH PA 15224 421631628 10000 LOAN FOR SMALL BUSIN ELIZABETH SETON CENTER 1900 PIONEER AVE PITTSBURGH PA 15226 251532573 15000 LOAN FOR SMALL BUSIN HUG ME TIGHT CHILDLIFE CENTERS 1801 CENTRE AVE STE 100 PITTSBURGH PA 15214 810637106 20000 LOAN FOR SMALL BUSIN LA ESCUELITA ARCOIRIS 5915 BEACON ST PITTSBURGH PA 15217 421547098 20000 LOAN FOR SMALL BUSIN MOES CHILDCARE & LEARNING CENTER LL 3231 ASHLYN ST PITTSBURGH PA 15204 862821810 25000 LOAN FOR SMALL BUSIN MONROES CLUBHOUSE CHILDCARE CENTER 369 COLTART ST PITTSBURGH PA 15213 853365604 20000 LOAN FOR SMALL BUSIN PEACE LOVE AND LEARNING 141 BIGHAM ST PITTSBURGH PA 15211 871490388 15000 LOAN FOR SMALL BUSIN PROJECT DESTINY 2200 CALIFORNIA AVE PITTSBURGH PA 15212 260091366 20000 LOAN FOR SMALL BUSIN SKY'S THE LIMIT LEARNING CENTER 500 WOODBOURNE AVE PITTSBURGH PA 15226 873956959 25000 LOAN FOR SMALL BUSIN THE TOTS SPOT LLC 3135 LANDIS ST PITTSBURGH PA 15204 873988197 20000 LOAN FOR SMALL BUSIN SCHEDULE I, PAGE 4, PART IV 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 I, LINE 1 BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES (CONTINUTED): 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. FORM 990, PART III LINE 1, BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION (CONTINUED): 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. FORM 990, PAGE 6, PART VI, LINE 4 THE BYLAWS WERE CHANGED TO INCLUDE A COMMUNITY DEVELOPMENT STRATEGY, AS WELL AS FURTHER GUIDANCE ON THE TARGET MARKET VERIFICATIO FOR BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A PUI LLC HAS THE AUTHORITY TO ELECT 3 BOARD MEMBERS OF IPGH INC. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS DESCRIBED IN A AN ANNUAL ACKNOWLEDGEMENT FORM REGARDING DUTIES OF BOARD MEMBERS. FORM 990, PAGE 6, PART VI, 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. FORM 990, PART X BEGINNING OF YEAR LOANS PAYBLE WERE RECLASSIFIED AN REPORTED ON LINE 24 AS UNSECURED LOANS PAYABLE ON THE CURRENT FORM 990. THESE LOANS WERE REPORTED ON LINE 23 AS SECURED LOANS ON THE PRIOR YEAR 990. PITTSBURGH URBAN INITIATIVES LLC 412 BLVD OF THE ALLIES STE 901 PITTSBURGH PA 15219 271990218 GEN PTR PA 501C3 7 URBAN REDE VELOPMENT AUTHORITY false false false false false true false false false false false false false false false false false false false false PITTSBURGH URBAN INITIATIVES LLC E 150000 LOAN AGREEMENTS