Overview
What is Cincinnati Center City Development Corp?
Cincinnati Center City Development Corp, or 3CDC, is a nonprofit organization based in Cincinnati. Their primary mission is to collaborate with the City of Cincinnati and the local business community to revitalize the urban core of the city. They focus on developing and financing projects that strengthen downtown Cincinnati's core assets, create civic spaces, and preserve historic structures. Their initiatives include high-density and mixed-use developments to enhance the city's urban landscape.
Official website here: www.3cdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
The Cincinnati Center City Development Corp has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is derived entirely from its strong accountability practices, indicating that the organization adheres to high standards of transparency and responsible financial management.
One of the standout features of the organization is its governance structure, boasting a board composed of 96% independent members. Additionally, the organization has no reported material diversion of assets and has comprehensive policies in place, such as conflict of interest and whistleblower policies, which are crucial for maintaining ethical standards.
However, while the organization performs well in financial accountability, the lack of a score in other categories might suggest limited information regarding its overall effectiveness or impact in the community. Potential donors and stakeholders may want to consider this when evaluating the organization’s contributions beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Center City Development Corp legitimate?
Cincinnati Center City Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Center City Development Corp 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: $1,294,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,303,022
For more financial information, click here
Official website here: www.3cdc.org
What is the mission statement of Cincinnati Center City Development Corp?
The Cincinnati Center City Development Corp, a private non-profit organization, is dedicated to the strategic revitalization of the urban core in collaboration with the City and local corporate community. Their mission is to strengthen downtown Cincinnati by creating great civic spaces, fostering high-density and mixed-use developments, and preserving historic structures. Through their initiatives, they aim to breathe new life into the city's core assets.
Official website here: www.3cdc.org
Who is the CEO of Cincinnati Center City Development Corp?
Stephen G Leeper is the CEO of Cincinnati Center City Development Corp The CEO's salary of Cincinnati Center City Development Corp is $554,870 and their total compensation is $590,195.
Official website here: www.3cdc.org
What is the revenue of Cincinnati Center City Development Corp?
Cincinnati Center City Development Corp's revenue in 2023 was $69,201,248.
Official website here: www.3cdc.org
Who are the executives of Cincinnati Center City Development Corp and what are their salaries?
The average compensation at Cincinnati Center City Development Corp during 2023 was $24,996. There are 544 employees and 100 volunteers at Cincinnati Center City Development Corp.
Here are 40 key members and their salaries (Cincinnati Center City Development Corp's CEO's salary is $554,870 and their total compensation is $590,195):
- Compensation: $554,870
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- Compensation: $332,093
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- Compensation: $228,759
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- Compensation: $126,779
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- Other: $8,885
- Compensation: $127,436
- Related: $0
- Other: $6,517
Official website here: www.3cdc.org
Where can I find the form 990 for Cincinnati Center City Development Corp?
Cincinnati Center City Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.3cdc.org
Learn more at the official website: www.3cdc.org
Mission Statement of Cincinnati Center City Development Corp
Cincinnati Center City Development Corp, often referred to as 3CDC, is a visionary non-profit organization dedicated to enhancing the urban landscape of Cincinnati's downtown core. With a mission to strengthen the city's core assets, create remarkable civic spaces, and foster high-density, mixed-use developments, 3CDC collaborates closely with the City of Cincinnati and the local corporate community.
In a proactive endeavor to breathe new life into Cincinnati's urban core, 3CDC strategically combines real-estate development and finance expertise to revitalize the city. By partnering with the City and the corporate community, this innovative non-profit organization has transformed downtown Cincinnati into a thriving hub of activity and progress.
3CDC's initiatives encompass the revitalization of historic structures, ensuring that the city's rich heritage is preserved while embracing modern development. The organization's focus on creating great civic spaces has led to the development of vibrant communal areas that foster a sense of community and celebration. Additionally, 3CDC's high-density, mixed-use developments have revitalized once-forgotten areas, attracting businesses and residents alike to the downtown urban core.
As a private, non-profit organization, 3CDC's dedication to Cincinnati extends beyond brick and mortar projects. By collaborating with the City and the corporate community, 3CDC drives the transformation of the city's downtown core, creating a more vibrant, livable, and prosperous urban environment.
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Impact
October, 2024
Cincinnati Center City Development Corp (3CDC) plays a vital role in revitalizing downtown Cincinnati by enhancing its core assets, fostering vibrant civic spaces, and promoting high-density mixed-use developments. Their strategic efforts contribute to the transformation of the urban landscape, making it a more attractive and functional environment for residents and visitors alike.
By focusing on preserving historic structures while integrating modern developments, 3CDC helps to maintain the city's unique character and heritage. Their initiatives not only improve the aesthetic and functional aspects of downtown but also stimulate economic growth through increased foot traffic, enhanced property values, and a thriving business ecosystem. Collaborating closely with the City of Cincinnati and local corporations, 3CDC successfully leverages resources and expertise to create a dynamic urban center that benefits the entire community. The organization's commitment to community improvement is evident in its diverse projects, which aim to create a lively, inclusive, and sustainable urban environment.
This information is meant to be a general summary of Cincinnati Center City Development Corp. 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 2023.
- Investment Income: $1,453,081
- Program Service Revenue: $47,655,266
- Gross Receipts: $95,265,888
Assets and Liabilities:
- Total Assets: $437,931,521
- Total Liabilities: $456,345,549
- Net Assets: -$18,414,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$14,415,907
PARKING INCOME
Revenue
$8,538,529
MANAGEMENT FEE INCOME
Revenue
$6,814,720
SVC CONCESSION CNTRCT INCOME
Revenue
$5,647,856
EVENT & PROGRAMMING INCOME
Revenue
$4,684,715
Organization Details
Founding Year
2004
Principal Officer
Timothy Szilasi
Website
www.3cdc.orgNTEE Category
Code: S31 - Community improvement
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