Overview
What is Downtown Toledo Development Corporation?
Downtown Toledo Development Corporation (DTDC) is a nonprofit organization situated in Toledo, Ohio. Established with a mission to foster growth and commercial activity in the city center, DTDC carries out its objectives by executing development projects through beautification and design work. With a team of three dedicated individuals, the organization plays a pivotal role in enhancing the aesthetic appeal and commercial vitality of Downtown Toledo.
Official website here: www.connectoledo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Downtown Toledo Development Corporation has achieved a notable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This rating is based entirely on the organization's performance in the Accountability & Finance category, where it scored an impressive 92%. Such a score reflects the organization's effective management practices and transparency in its financial dealings.
Strengths of the organization include a fully independent board, meeting the highest standards with 100% independent members. The organization also excels in areas such as having an audit and oversight committee and maintaining proper documentation for board meeting minutes. Furthermore, they have a solid program expense ratio of 78.98%, demonstrating a high level of funds directed towards their programs.
However, a noted limitation is the absence of a conflict of interest policy, which received a score of zero out of four points. This aspect could raise concerns regarding the governance practices of the organization. Overall, the Downtown Toledo Development Corporation demonstrates strong financial management while having areas that could enhance its operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Toledo Development Corporation legitimate?
Downtown Toledo Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Toledo Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $127,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,825
For more financial information, click here
Official website here: www.connectoledo.org
What is the mission statement of Downtown Toledo Development Corporation?
The Downtown Toledo Development Corporation (DTDC) is a non-profit organization established with the purpose of fostering development and commercial activity in downtown areas. Their activities primarily revolve around promoting growth through beautification and design projects. The mission of DTDC is to enhance the livability and economic vitality of downtown areas, aiming to create a vibrant and attractive environment that encourages businesses and community engagement. By engaging in such projects, DTDC contributes to the overall revitalization and improvement of downtown communities.
Official website here: www.connectoledo.org
Who is the CEO of Downtown Toledo Development Corporation?
Jason Kucsma is the Chair of Downtown Toledo Development Corporation.
Official website here: www.connectoledo.org
What is the revenue of Downtown Toledo Development Corporation?
Downtown Toledo Development Corporation's revenue in 2022 was $1,466,508.
Official website here: www.connectoledo.org
Who are the executives of Downtown Toledo Development Corporation and what are their salaries?
The average compensation at Downtown Toledo Development Corporation during 2022 was $89,928. There are 3 employees at Downtown Toledo Development Corporation.
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Official website here: www.connectoledo.org
Where can I find the form 990 for Downtown Toledo Development Corporation?
Downtown Toledo Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.connectoledo.org
Learn more at the official website: www.connectoledo.org
Mission Statement of Downtown Toledo Development Corporation
Downtown Toledo Development Corporation (DTDC) is a non-profit organization with a mission to foster development and commercial activity in downtown Toledo. To achieve this goal, DTDC carries out its activities through beautification and design work. In essence, the organization aims to enhance the overall appeal and commercial viability of downtown Toledo by implementing various improvement projects. By focusing on aesthetics and design, DTDC seeks to attract businesses and individuals to the area, thereby contributing to its economic growth and vitality.
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Impact
July, 2024
The Downtown Toledo Development Corporation has had a significant impact on the revitalization and growth of downtown Toledo. Through its focus on beautification and design work, the organization has played a key role in enhancing the aesthetic appeal of the area and creating a more welcoming environment for residents, visitors, and businesses. This, in turn, has helped to attract investment, stimulate economic development, and promote cultural activities in downtown Toledo. The efforts of the Downtown Toledo Development Corporation have contributed to the overall vibrancy and vitality of the city center, making it a more attractive place to live, work, and visit.
This information is meant to be a general summary of Downtown Toledo Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,018
- Program Service Revenue: $799,555
- Gross Receipts: $1,599,919
Assets and Liabilities:
- Total Assets: $2,194,662
- Total Liabilities: $998,749
- Net Assets: $1,195,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE AGREEMENT WITH
Revenue
$798,735
PROGRAM SERVICE CONTRA
Revenue
$820
Organization Details
Founding Year
2005
Phone
(419) 249-5494Principal Officer
Jason Kucsma
Main Address
300 MADISON AVE STE 0110, TOLEDO, OH, 43604
Website
www.connectoledo.orgNTEE Category
Code: A40 - Arts
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