Otr Holdings Inc
- Assets
- $24.0m
- Revenue
- -$52.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-2363373
Organization Overview
Otr Holdings Inc is located in Cincinnati, OH. The organization was established in 2005. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Otr Holdings Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE CORE ASSETS OF DOWNTOWN CINCINNATI, CREATE GREAT CIVIC SPACES, (CONTINUED ON SCH O) HIGH DENSITY/MIXED-USE DEVELOPMENTS, AND PRESERVE HISTORIC STRUCTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTINUED TO IDENTIFY BUILDINGS AND PROPERTY IN TARGET AREAS WITH THE POTENTIAL FOR POSITIVE FUTURE REDEVELOPMENT AND PURCHASED BUILDINGS AND VACANT PROPERTY FOR FUTURE REDEVELOPMENT. THE PROPERTY IS MAINTAINED AND DOES NOT SUFFER FURTHER DETERIORATION BEFORE REDEVELOPMENT CAN BEGIN. THE ORGANIZATION ALSO CREATED VIABLE PROJECTS BY IDENTIFYING POTENTIAL REDEVELOPMENT THAT COMPLIMENT THE CONDITION, SIZE AND HISTORY OF THE BUILDINGS AS WELL AS THE NEEDS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Tastad Chair | OfficerTrustee | 1 | $0 |
Stephen G Leeper President & CEO | OfficerTrustee | 5 | $0 |
Lann Field VP Development | Officer | 5 | $0 |
Adam Gelter Evp, Development | Officer | 5 | $0 |
Timothy Szilasi Secy., Treas., Sr. VP & CFO | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Studios Architecture Construction | 12/30/21 | $522,103 |
Hgc Construction Co Construction | 12/30/21 | $5,753,722 |
Prus Construction | 12/30/21 | $1,371,454 |
Triversity Construction Co Llc Construction | 12/30/21 | $551,500 |
O'rourke Wrecking Company Construction | 12/30/21 | $310,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| Net Gain/Loss on Asset Sales | -$64,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$52,174 |
| 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 | $2,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,672 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $476,341 |
| Depreciation, depletion, and amortization | $2,388 |
| Insurance | $1,975 |
| All other expenses | $35,174 |
| Total functional expenses | $520,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,113,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,398,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,547,311 |
| Intangible assets | $0 |
| Other assets | $865,062 |
| Total assets | $23,950,435 |
| Accounts payable and accrued expenses | $4,493,722 |
| Grants payable | $0 |
| Deferred revenue | $3,616,348 |
| 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 | $20,917,944 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,355 |
| Total liabilities | $29,056,369 |
| Net assets without donor restrictions | -$5,105,934 |
| 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 | $23,950,435 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Otr Holdings Inc has recieved totaling $22,213.
| Awarding Organization | Amount |
|---|---|
Downtown Cincinnati Inc Cincinnati, OH PURPOSE: Support safe and clean efforts in Over the Rhine | $22,213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strs Ohio Tx Real Estate Investments Inc Columbus, OH | $220,303,180 | $20,609,768 |
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
Vertex Non Profit Holdings Inc Fairmont, WV | $32,441,063 | $3,635,457 |
Columbus Association Of Realtors Columbus, OH | $9,934,028 | $6,554,174 |
Holy Spirit Corporation Hershey, PA | $30,669,518 | $4,832,377 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,384,830 | $3,037,660 |
Imh Realty Corporation Franklin, IN | $84,073,233 | $0 |
River Park Community Corp Dayton, OH | $44,515,596 | $4,317,871 |
Nso Properties Detroit, MI | $10,016,182 | $2,478,176 |
K C Club Inc State College, PA | $0 | $1,561,572 |
Yswin Development Inc Evansville, IN | $15,509,584 | $1,301,817 |
Bridgeway Development Corporation Pittsburgh, PA | $12,400,334 | $795,090 |