Columbus Downtown Development Corporation

Organization Overview

Columbus Downtown Development Corporation is located in Columbus, OH. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Columbus Downtown Development Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Downtown Development 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, Columbus Downtown Development Corporation generated $12.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Columbus Downtown Development Corporation has awarded 24 individual grants totaling $67,392,298. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

CDDC CONTINUES WITH THE IMPLEMENTATION OF THE STRATEGIC BUSINESS PLAN DEVELOPED WITH COMMUNITY INPUT AND PROMULGATED BY THE MAYOR AND CITY COUNCIL. THESE EFFORTS INCLUDE THE RENOVATION OF A FORMER DOWNTOWN DEPARTMENT STORE INTO PREMIER OFFICE AND RETAIL SPACE, DEVELOPMENT OF DOWNTOWN PARKS THROUGH THE OVERSIGHT OF THE SCIOTO MILE PARK AND THE SCIOTO GREENWAYS PROJECT, THE CONSTRUCTION OF A NEW NATIONAL VETERANS MEMORIAL AND MUSEUM AND THE DEVELOPMENT OF THE DOWNTOWN SCIOTO PENINSULA. IN NOVEMBER 2018, CDDC'S SUBSIDIARY SP HOLDINGS ENTERED INTO SEPARATE PURCHASE, SALE AND DEVELOPMENT AGREEMENTS WITH THREE DEVELOPERS FOR DEVELOPMENT SITES ON SCIOTO PENINSULA PROPERTY THE CORPORATION AND SP HOLDINGS ARE LEASING FROM THE CITY. THE SALES OF THESE SITES WERE COMPLETED IN SEPTEMBER 2020. THE DEVELOPERS OF THE PHASE 1 OFFICE, HOTEL AND RESIDENTIAL SITES STARTED CONSTRUCTION IN 2021. PHASE 1 OFFICE, RESIDENTIAL AND HOTEL SITES ARE EXPECTED TO OPEN IN 2022.PLANNING AND DEVELOPMENT OF THE REMAINING COMPONENTS OF THE SCIOTO PENINSULA MASTER PLAN WILL CONTINUE INTO 2022 AND BEYOND.IN RESPONSE TO A PRIORITY IDENTIFIED BY THE CITY OF COLUMBUS, CDDC ACQUIRED .72 ACRES OF LAND AT 497 EAST TOWN STREET IN DOWNTOWN COLUMBUS IN FEBRUARY 2021. CDDC PLANS TO DEVELOP A 98 UNIT AFFORDABLE AND WORKFORCE HOUSING PROJECT, TOPIARY PARK CROSSING, ON THE SITE. THE PROJECT IS BEING FUNDED THROUGH A COMMERCIAL REAL ESTATE LOAN, GRANTS FROM THE CITY OF COLUMBUS AND CAPITOL SOUTH AND AN EQUITY INVESTMENT FROM THE CORPORATION. THE FACILITY IS EXPECTED TO OPEN IN 2023.IN 2021, THE CITY OF COLUMBUS REQUESTED CDDC TO LEAD THE DEVELOPMENT OF A NEW DOWNTOWN STRATEGIC PLAN. CDDC ENGAGED CONSULTANTS AND HAS SCHEDULED A SERIES OF PUBLIC FORUMS IN 2022 IN ORDER TO RECEIVE INPUT FROM DOWNTOWN STAKEHOLDERS AND THE GENERAL PUBLIC. A FINAL PLAN IS EXPECTED TO BE ISSUED IN LATE 2022.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Emh&t
Engineering
$290,197
Moody Nolan Inc
Construction
$267,935
George J Igel & Co Inc
Construction
$247,144
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,584,193
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$30,098
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,614,291
Total Program Service Revenue$8,276,035
Investment income $72,077
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $99,761
Net Gain/Loss on Asset Sales -$30,417
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,117,471

Grants Awarded

Over the last fiscal year, Columbus Downtown Development Corporation has awarded $626,116 in support to 6 organizations.

Grant RecipientAmount

NATIONAL VETERANS MEMORIAL AND MUSEUM OPERATING CORPORATION

Org PageRecipient Profile

Columbus, OH

PURPOSE: GENERAL OPERATIONS.

$515,016

NATIONAL VETERANS MEMORIAL AND MUSEUM FOUNDATION

Org PageRecipient Profile

Columbus, OH

PURPOSE: BOARD MEMBERSHIP.

$50,000

CENTRAL OHIO GREENWAYS FUND

Org PageRecipient Profile

Columbus, OH

PURPOSE: RAPID 5 PROJECT SPONSORSHIP

$20,000

AMERICAN ELECTRIC POWER FOUNDATION

Org PageRecipient Profile

Columbus, OH

PURPOSE: CC HOLIDAY LIGHTS

$20,000

SID PUBLIC SERVICES - CAPITAL CROSSROADS

Org PageRecipient Profile

Columbus, OH

PURPOSE: WARMING CENTER OPERATION CONTRIBUTION

$13,600

GREATER COLUMBUS SPORTS COMMISSION -GREATER COLUMBUS CONV & VISITORS BUREAU

Org PageRecipient Profile

Columbus, OH

PURPOSE: CORPORATE PARTNERSHIP.

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Columbus Downtown Development Corporation has recieved totaling $191,825.

Awarding OrganizationAmount
Columbus Foundation

Columbus, OH

PURPOSE: URBAN AFFAIRS

$191,825
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,422,811
Earnings$2,380,343
Admin Expense$27,031
Grants$191,825
Ending Balance$14,584,298

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