Downtown Cincinnati Inc
- Assets
- $0.0
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/1994
- Data as of
- 12/2020
- EIN
- 31-1401294
Organization Overview
Downtown Cincinnati Inc is located in Cincinnati, OH. The organization was established in 1994. 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. Downtown Cincinnati Inc 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 12/2020, Downtown Cincinnati Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.1m during the year ending 12/2020. While expenses have increased by 1.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A DYNAMIC METROPOLITAN CENTER VALUED AS THE HEART OF THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN CINCINNATI, INC. PROVIDES ENHANCED CLEANING AND SAFETY PATROLS WITH APPROXIMATELY 30 SAFE AND CLEAN STAFF OVER THE APPROXIMATELY 99 BLOCK IMPROVEMENT DISTRICT AREA. AS PART OF THIS PROGRAM DOWNTOWN CINCINNATI, INC. ALSO EMPLOYS SOCIAL SERVICE OUTREACH COORDINATORS TO PROVIDE OUTREACH SERVICES TO THE DOWNTOWN POPULATION THAT ARE HOMELESS OR PANHANDLING. DOWNTOWN CINCINNATI, INC. HAS CLEANING AGREEMENTS WITH SORTA TO CLEAN GOVERNMENT SQUARE AND VARIOUS BUS STOPS AND SHELTERS, AND VARIOUS SMALL CLEANING CONTRACTS THROUGHOUT DOWNTOWN CINCINNATI.
MARKETING, COMMUNICATIONS, STAKEHOLDER SERVICES AND RETAIL IN THE IMPROVEMENT DISTRICT AND ADJACENT AREA. THIS INCLUDES PROMOTION OF DOWNTOWN RETAILERS AND SUPPORT TO SMALL BUSINESSES, AND IMPLEMENTING A RETAIL STRATEGY WITHIN THE VISION AND PLAN FOR DOWNTOWN CINCINNATI BY SEEKING OUT AND RECRUITING STORE OPERATORS TO CREATE A UNIQUE DESTINATION FOR RETAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Habel Chair | OfficerTrustee | 1 | $0 |
Stephen G Leeper Secretary | OfficerTrustee | 5 | $0 |
Timothy Szilasi Treasurer | Officer | 5 | $0 |
Mike Michael Board Member | Trustee | 1 | $0 |
Robert Heidenreich Board Member | Trustee | 1 | $0 |
Elizabeth Sherwood Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greater Cincinnati Behavior Health Servi Outreach Program | 12/30/20 | $259,270 |
Agar Llc Holiday Event | 12/30/20 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,945 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,835,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,881,361 |
| Total Program Service Revenue | $246,577 |
| Investment income | $528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,130,683 |
| 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 | $201,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284 |
| Fees for services: Accounting | $23,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,666 |
| Advertising and promotion | $130,508 |
| Office expenses | $131,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,059 |
| Travel | $18,490 |
| 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 | $29,338 |
| Insurance | $7,772 |
| All other expenses | $24,343 |
| Total functional expenses | $3,082,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Downtown Cincinnati Inc has awarded $173,326 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: Generocity 513 - general program support | $117,710 |
Cincinnati, OH PURPOSE: Generocity 513 - general program support | $55,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Cincinnati Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GENEROCITY 513 | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |