Capitol South Community Urban Redevelopment Corporation
- Assets
- $34.0m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Columbus, OH
- Founding
- 03/1976
- Data as of
- 12/2022
- EIN
- 31-0868417
Organization Overview
Capitol South Community Urban Redevelopment Corporation is located in Columbus, OH. The organization was established in 1976. 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 12/2022, Capitol South Community Urban Redevelopment Corporation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol South Community Urban Redevelopment Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Capitol South Community Urban Redevelopment Corporation generated $13.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF PUBLIC PARKING GARAGES AND AN ATTACHED RETAIL CENTER.
DOWNTOWN HOUSING INCENTIVE FUND (PROVIDED "GAP" FINANCING TO DOWNTOWN RESIDENTIAL DEVELOPERS). CURRENTLY ORIGINATING NO NEW LOANS.
THE COLUMBUS COMMONS PARK HAD A CLOSER-TO-NORMAL EVENT SEASON IN 2022 AFTER THE COVID-19 PANDEMIC REDUCED THE NUMBER OF EVENTS IN 2020 AND 2021. THE PARK PROVIDES A VARIETY OF EVENTS FOR THE COMMUNITY TO ENJOY, WITH THE MAJORITY OF THEM BEING FREE AND OPEN TO ALL. IN ADDITION TO EVENTS, THE PARK DRAWS PEOPLE DOWNTOWN WITH FREE CAROUSEL RIDES AND TWO ONSITE CAFES, WHICH SUPPORTS THE ONGOING DEVELOPMENT OF DOWNTOWN COLUMBUS.
IN 2017, CAPITOL SOUTH SUBSTANTIALLY COMPLETED CONSTRUCTION OF A PARK AND UNDERGROUND PARKING GARAGE ON THE SCIOTO PENINSULA. THE GARAGE OPENED IN NOVEMBER 2017, AND THE PARK CELEBRATED ITS GRAND OPENING ON JUNE 7, 2018. IN 2020, CAPITOL SOUTH ENTERED INTO A CONTRACT WITH THE CITY OF COLUMBUS FOR THE DESIGN AND CONSTRUCTION OF TWO PARKING GARAGES TOTALING 1,400 SPACES TO THE SERVE THE SCIOTO PENINSULA DEVELOPMENT. CONSTRUCTION OF THE GARAGES CONTINUED THOUGH OUT 2021. THE GARAGES OPENED TO THE PUBLIC IN 2022.SEE SCHEDULE O.DURING 2021, CAPITOL SOUTH CONTRIBUTED $3,584,193 OF ITS DOWNTOWN HOUSING INCENTIVE FUND TO CDDC IN ORDER TO ASSIST WITH FUNDING OF THE TOPIARY PARK CROSSING PROJECT, A 98-UNIT AFFORDABLE HOUSING PROJECT BEING DEVELOPED IN DOWNTOWN COLUMBUS. CONSTRUCTION OF THE PROJECT COMMENCED IN 2022 AND IS EXPECTED TO OPEN IN THE FALL OF 2023.BEGINNING IN THE SUMMER OF 2021, CAPITOL SOUTH PROVIDED ADDITIONAL SECURITY AND PROGRAMMING TO THE COLUMBUS RIVERFRONT PARK AREA KNOWN AS THE SCIOTO MILE. THESE SERVICES WERE COORDINATED WITH THE CITY OF COLUMBUS DEPARTMENT OF RECREATION AND PARKS IN AN EFFORT TO ACTIVATE THE AREA AFTER THE COVID PANDEMIC. THESE SERVICES CONTINUED IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Fischer Board Member/chair | OfficerTrustee | 0.3 | $0 |
Tim Robinson Board Member/vice Chair | OfficerTrustee | 0.3 | $0 |
Donald Brown Board Member/treasurer | OfficerTrustee | 0.3 | $0 |
Sandy Doyle-Ahern Board Member/secretary | OfficerTrustee | 0.3 | $0 |
Christie Angel Board Member | Trustee | 0.3 | $0 |
Frederic Bertley Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laz Karp Associates Llc Dba Laz Parking Parking Facility Management | 12/30/22 | $1,019,596 |
Columbus Architectural Studio Architectural Services | 12/30/22 | $170,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,462 |
| 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 | $113,462 |
| Total Program Service Revenue | $13,204,483 |
| Investment income | $104,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,517,756 |
| 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. | $1,138,644 |
| Compensation of current officers, directors, key employees. | $341,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,466 |
| Pension plan accruals and contributions | $44,485 |
| Other employee benefits | $98,960 |
| Payroll taxes | $139,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,508 |
| Fees for services: Accounting | $26,700 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $607,059 |
| Advertising and promotion | $119,686 |
| Office expenses | $62,861 |
| Information technology | $51,792 |
| Royalties | $0 |
| Occupancy | $63,542 |
| Travel | $9,934 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $2,828,299 |
| Insurance | $143,453 |
| All other expenses | $19,601 |
| Total functional expenses | $16,341,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,009,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,094,973 |
| Loans from Officers, Directors, or Controlling Persons | $481,188 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $190,114 |
| Net Land, buildings, and equipment | $20,461,636 |
| Investments—publicly traded securities | $3,143,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,382,727 |
| Other assets | $1,258,220 |
| Total assets | $34,021,751 |
| Accounts payable and accrued expenses | $2,511,248 |
| Grants payable | $0 |
| Deferred revenue | $32,559 |
| 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 | $345,971 |
| Total liabilities | $2,889,778 |
| Net assets without donor restrictions | $31,131,973 |
| 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 | $34,021,751 |