Cincinnati Center City Development Corporation

Organization Overview

Cincinnati Center City Development Corporation is located in Cincinnati, OH. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Cincinnati Center City Development Corporation employed 400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Cincinnati Center City Development Corporation generated $55.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $53.2m during the year ending 12/2019. While expenses have increased by 7.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO STRENGTHEN THE CORE ASSETS OF DOWNTOWN CINCINNATI, CREATE GREAT CIVIC SPACES, HIGH-DENSITY/MIXED-USE DEVELOPMENTS, AND PRESERVE HISTORIC STRUCTURES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVER-THE-RHINE: 3CDC CONTINUED ITS SUMMER PROGRAMMING AT WASHINGTON PARK IN 2019, HIGHLIGHTED BY THE INCREASED POPULARITY OF THE DECK IN ITS FOURTH YEAR OF OPERATION. THE ORGANIZATION HOSTED MORE THAN 600 EVENTS AT THE PARK, DRAWING APPROXIMATELY 5 MILLION PEOPLE TO OTR. IN 2019, A PERMANENT ROOF WAS PUT UP OVER THE DECK, WHICH PROVIDES BETTER PROTECTION FROM THE ELEMENTS AND A PERMANENT BAR. WITH ANOTHER YEAR OF OPERATIONS, 3CDC HOSTED MORE THAN 280 VARIOUS EVENTS. 2019 SAW BOTH FREE AND TICKETED EVENTS AT MEMORIAL HALL. ZIEGLER PARK AND POOL CONTINUED TO GROW IN POPULARITY AND UTILIZATION IN IT'S SECOND FULL YEAR OF OPERATIONS. THE POOL SAW MORE THAN 41,000 SWIMMERS, INCLUDING 193 CHILDREN PARTICIPATING IN FREE SWIM LESSONS. THE ORGANIZATION ALSO BEGAN CONSTRUCTION ON ITS NEXT PHASE OF AN OVERALL AFFORDABLE HOUSING INITIATIVE, PERSERVERANCE AND WILLKOMMEN, WHICH WILL PRODUCE 104 AFFORDABLE HOUSING UNITS AND 20,000 SQUARE FEET OF NEW COMMERCIAL SPACE COMBINED.


FOUNTAIN SQUARE DISTRICT/CENTRAL BUSINESS DISTRICT: IN 2019, 3CDC HOSTED OVER 400 EVENTS AT FOUNTAIN SQUARE, WELCOMING OVER 7 MILLION VISITORS TO DOWNTOWN CINCINNATI. IN ADDITION, CONSTRUCTION CONTINUED ON A MIXED-USE DEVELOPMENT AT THE CORNER OF FOURTH & RACE THAT WILL YIELD 584 SPACE ABOVE-GRADE PARKING GARAGE, 22,000 SQUARE FEET OF STREET LEVEL COMMERCIAL SPACE AND A 264 UNIT APARTMENT BUILDING. THE GARAGE IS SET TO OPEN LATE 2020 AND THE COMMERCIAL/RESIDENTIAL IN 2021. ACROSS FROM THE COURT & WALNUT PROJECT, THE COURT STREET CONDOS PROJECT INCLUDED A TOTAL GUT RENOVATION OF 6 HISTORIC BUILDINGS TO CREATE 16 NEW RESIDENTIAL UNITS AND 5 COMMERCIAL SPACES.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen G Leeper
President & CEO
$634,150
Adam Gelter
Evp, Development
$358,176
Timothy Szilasi
Secy., Treas., Sr. VP & CFO
$247,022
Christy Vissman
VP Events
$176,828
Lann Field
VP Development
$168,032
Angie White
Controller
$128,687

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Turner Corporation
Construction
$28,403,216
Triversity Contruction Co Llc
Construction
$11,708,281
Megen Construction
Construction
$2,968,564
Hgc Construction
Construction
$4,577,854
Sp-plus Corporation
Parking
$2,105,764
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,138,796
All other contributions, gifts, grants, and similar amounts not included above$3,421,632
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,560,428
Total Program Service Revenue$41,387,388
Investment income $1,149,762
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,874,199
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $55,407,871

Grants Awarded

Over the last fiscal year, Cincinnati Center City Development Corporation has awarded $9,540,957 in support to 2 organizations.

Grant RecipientAmount

MUSIC HALL REVITALIZATION COMPANY INC

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: General Support

$9,531,457

OVER-THE-RHINE CHAMBER OF COMMERCE

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: General Support

$9,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cincinnati Center City Development Corporation has recieved totaling $30,000.

Awarding OrganizationAmount
First Financial Foundation

Cincinnati, OH

PURPOSE: SUPPORT FOR THE CINCINNATI OVER THE RHINE BUSINESS COMMUNITY WITH REPAIRS NECESSITATED BY THE RECENT PROTESTS AND RIOTS

$30,000
View Grant Recipient Profile

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