Over-The-Rhine Revitalization Corporation
- Assets
- $118.9k
- Revenue
- $186.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 06-1663070
Organization Overview
Over-The-Rhine Revitalization Corporation is located in Cincinnati, OH. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Over-The-Rhine Revitalization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Over-The-Rhine Revitalization Corporation generated $186.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $184.7k during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE OVER-THE-RHINE COMMUNITY THROUGH VARIOUS PROGRAMS SUCH AS BUSINESS FIRST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS RELIEF FUND
BUSINESS FIRST
INCLUSION PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Coleman Executive Committee | OfficerTrustee | 1 | $0 |
Lann Field Chair (begin 04/21) | OfficerTrustee | 1 | $0 |
Bob Deck Executive Committee | OfficerTrustee | 1 | $0 |
Blaise Kah Treasurer | OfficerTrustee | 1 | $0 |
Michael Smith Chair (end 04/21) | OfficerTrustee | 1 | $0 |
Mike Sullivan Vice Chair (begin 04/21) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,000 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,000 |
| Total Program Service Revenue | $26,726 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$50,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $33 |
| Total functional expenses | $184,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,789 |
| Savings and temporary cash investments | $25,474 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,863 |
| Accounts payable and accrued expenses | $10,425 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,425 |
| Net assets without donor restrictions | $108,438 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $118,863 |
Grants Awarded
Over the last fiscal year, Over-The-Rhine Revitalization Corporation has awarded $52,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HEN OF THE WOODS PURPOSE: FFE Expenditures for Small Businesses | $20,000 |
PICNIC & PANTRY (ACANTHUS GROUP) PURPOSE: FFE Expenditures for Small Businesses | $12,500 |
THE YOGA BAR LLC PURPOSE: FFE Expenditures for Small Businesses | $10,000 |
ARTICHOKE LLC PURPOSE: FFE Expenditures for Small Businesses | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Over-The-Rhine Revitalization Corporation has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $25,000 |
Raymond C And Anna T Johnson Foundation Inc Cincinnati, OH PURPOSE: SUPPORT FOR MINORITY AND WOMEN OWNED BUSINESSES IN OTR. | $20,000 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |