Overview
What is Otr Holdings Inc?
Otr Holdings Inc, a nonprofit organization established by the Cincinnati Center City Development Corporation (3CDC), is situated in Cincinnati, Ohio. Their mission is to enhance the core assets of the downtown area, create civic spaces, and promote high-density, mixed-use developments. They also strive to preserve historic structures. To achieve this, Otr Holdings identifies buildings and properties with potential for redevelopment, purchases them, and maintains them to prevent further deterioration until the redevelopment process commences. Their primary goal is to contribute positively to the community by creating viable projects that complement the buildings' conditions, sizes, histories, and the community's needs.
Is Otr Holdings Inc legitimate?
Otr Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Otr Holdings Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Otr Holdings Inc?
Otr Holdings Inc, established by Cincinnati Center City Development Corporation, aims to enhance the core assets of its respective area. The organization focuses on creating notable civic spaces, promoting high-density and mixed-use developments, and preserving historical structures. To achieve this, Otr Holdings identifies buildings and vacant properties with potential for positive future redevelopment and makes purchases for future renovation. The organization ensures that these properties do not deteriorate further before redevelopment can commence. Furthermore, Otr Holdings creates viable projects by identifying potential redevelopments that complement the buildings' conditions, sizes, histories, and the community's needs.
Who is the CEO of Otr Holdings Inc?
Timothy Szilasi is the President & Ceo of Otr Holdings Inc. The CEO's salary of Otr Holdings Inc is $0 and their total compensation is $706,460.
What is the revenue of Otr Holdings Inc?
Otr Holdings Inc's revenue in 2022 was -$197,670.
Who are the executives of Otr Holdings Inc and what are their salaries?
There 2 volunteers at Otr Holdings Inc.
Here are 6 key members and their salaries (Otr Holdings Inc's CEO's salary is $0 and their total compensation is $706,460):
- Compensation: $0
- Related: $628,087
- Other: $78,373
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $339,734
- Other: $64,966
- Compensation: $0
- Related: $260,210
- Other: $48,616
- Compensation: $0
- Related: $175,008
- Other: $21,655
Where can I find the form 990 for Otr Holdings Inc?
Otr Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Otr Holdings Inc
Otr Holdings Inc, an organization formed by the Cincinnati Center City Development Corporation, has a mission to enhance the fundamental assets of downtown Cincinnati. This mission includes the creation of remarkable civic spaces, high-density mixed-use developments, and the preservation of historical structures. The organization operates with a unique purpose, holding title to real property and improvements, and channeling the net income derived from these properties back to the Cincinnati Center City Development Corporation.
In essence, Otr Holdings Inc identifies buildings and vacant properties in specific areas showing promising potential for future redevelopment. It purchases these properties, ensuring they do not deteriorate further before reconstruction commences. Moreover, the organization develops viable projects by identifying complementary redevelopment opportunities that align with the properties' condition, size, history, and the needs of the surrounding community. This approach allows Otr Holdings Inc to contribute positively to the revitalization of downtown Cincinnati.
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Impact
October, 2024
Otr Holdings Inc plays a vital role in enhancing the urban landscape of downtown Cincinnati. By focusing on the acquisition and preservation of historic structures and vacant properties, the organization fosters redevelopment initiatives that strengthen the area's core assets. These efforts contribute to the creation of vibrant civic spaces and high-density, mixed-use developments, which are essential for fostering community engagement and economic growth.
The organization's systematic approach to identifying properties with redevelopment potential ensures that valuable historical sites are preserved while simultaneously addressing the needs of the community. This strategic maintenance prevents further deterioration, paving the way for future revitalization projects that enhance the overall quality of life for residents and visitors alike.
Through its initiatives, Otr Holdings Inc not only revitalizes physical spaces but also stimulates local economies by creating viable projects that align with the history and character of the area. Its impact on downtown Cincinnati is significant, promoting sustainable growth and creating a dynamic environment that attracts both businesses and residents.
This information is meant to be a general summary of Otr Holdings Inc. 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: -$389,670
- Gross Receipts: $396,859
Assets and Liabilities:
- Total Assets: $23,689,274
- Total Liabilities: $29,051,153
- Net Assets: -$5,361,879
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Organization Details
Founding Year
2004
Phone
(513) 621-4400Principal Officer
Timothy Szilasi
Main Address
1203 WALNUT STREET 4TH FLOOR, CINCINNATI, OH, 45202
NTEE Category
Code: S47 - Community improvement
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