Cincinnati Center City Development Corporation
89% goes to programs $2 to raise $100 Thin reserves Growing revenue
Cincinnati Center City Development Corporation is a 501(c)(3) organization based in Cincinnati, Ohio, registered in 2004, with $65,543,936 in FY2024 revenue. CharityIndex grades it C+, and it directs about 89% of spending to programs.
1203 Walnut Street, Cincinnati, OH, 45202 EIN 20-0446324 Since 2004
Revenue (FY2024)
$65.5M
▼ 5.3% vs prior year
Community median: $184K
Expenses (FY2024)
$66.7M
Net assets
-$12.2M
Employees
501
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating89% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Cincinnati Center City Development Corporation: 89% to programs · $2 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cincinnati Center City Development Corporation: 0 mo reserves · -2% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Cincinnati Center City Development Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cincinnati Center City Development Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To strengthen the core assets of downtown cincinnati, create great civic spaces, high-density/mixed-use developments, and preserve historic structures.
What they do
Parking: 3cdc's in-house parking service oversees the management of 10 garages and seven surface lots in the organization's portfolio. 3cdc is committed to providing clean, safe, well-lit garages, and outstanding customer service. the organization manages a total of 5,839 parking spaces in cincinnati's urban core, setting its prices at or below market rates to ensure parking is accessible to visitors, residents and workers in downtown. additionally, parking serves as an amenity that supports small businesses in the urban core, making it easier for patrons to visit retail, food & beverage, and service-based establishments. 3cdc has on-site management at its garages 24/7 and focuses on making fair chance hires and employing individuals in recovery for many of the garage management and operational positions, working with various job readiness programs to identify potential employees.
Civic space event management and programming: in 2024, 3cdc hosted over 1,100 free family-friendly events across the six civic spaces it manages in cincinnati's urban core - fountain square, washington park, ziegler park, memorial hall, court street plaza and imagination alley. this included nearly 34,000 visitors to the ziegler park pool, free swim lesssons for nearly 600 adults and chidren, a low-cost summer camp catering to neighborhood youth - primarily utilized by families living at or below the poverty line - and a free swim team. additionally, several dozen ambassadors worked to keep the spaces clean and safe. these activities all support creating vibrant, dynamic civic spaces that result in safer neighborhoods, due to positive activity. additionally, patrons who visit the park often support the local economy by parking at nearby garages and visiting small businesses in the area.
Business district management: 3cdc employed over 40 full-time ambassadors in 2024, as well as 40 additional part-time employees. ambassadors assist in the management of the six civic spaces 3cdc oversees, in addition to providing clean, safe, and beautification services throughout the two special improvement districts the organization manages - the downtown cincinnati improvement district and over-the-rhine (otr) south special improvement district. ambassadors patrol the streets on foot, cleaning sidewalks and alleys and providing guides, maps and friendly assistance to visitors. similar to its garage management staff, 3cdc focuses on making fair chance hires and employing individuals in recovery for many of these ambassador positions, working with various job readiness programs to identify potential employees.
Contact & location
- Address
- 1203 Walnut Street, Cincinnati, OH, 45202
- City
- Cincinnati
- State
- Ohio
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.4M (FY2013) to $65.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $468.6MNet assets -$12.2M
Operating margin
-1.7%
Spent more than it raised in the latest fiscal year.
Total assets
$456.4M
Total liabilities
$468.6M
Net assets
-$12.2M
Salaries & benefits
$18.0M
27% of expenses
Board members
31
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,543,936▼5.3% | $66,681,641▲7.1% | -$12,209,484▼1.6% | $456,363,899▲9.6% | 990 |
| 2023 | $69,201,248▲47.5% | $62,260,221▲14.0% | -$12,019,034▲34.7% | $416,219,260▼5.0% | 990 |
| 2022 | $46,900,631▼2.8% | $54,637,574▲9.3% | -$18,414,028▼37.0% | $437,931,521▲11.9% | 990 |
| 2021 | $48,260,098▲11.2% | $49,969,068▼35.5% | -$13,443,350▼26.2% | $391,517,750▲7.1% | 990 |
| 2020 | $43,403,938▼21.7% | $77,493,673▲45.7% | -$10,650,780▼160% | $365,563,062▼12.1% | 990 |
| 2019 | $55,407,871▲45.0% | $53,200,478▲35.3% | $17,778,195▲13.5% | $415,820,077▲0.6% | 990 |
| 2018 | $38,207,083▼36.3% | $39,330,180▼25.0% | $15,665,381▲1.9% | $413,225,233▲18.1% | 990 |
| 2017 | $59,987,941▲15.0% | $52,442,125▲15.7% | $15,377,101▲139% | $349,748,267▲5.0% | 990 |
| 2016 | $52,164,541▲34.6% | $45,312,646▲23.0% | $6,429,316▲841% | $332,973,569▲23.7% | 990 |
| 2015 | $38,757,835▲82.0% | $36,851,882▲9.4% | -$868,185▲52.3% | $269,106,495▲7.8% | 990 |
| 2014 | $21,290,754▼27.5% | $33,691,548▲68.2% | -$1,818,519▼119% | $249,746,097▲1.7% | 990 |
| 2013 | $29,354,218 | $20,034,034▲93.7% | $9,823,549▲873% | $245,451,613▲92.4% | 990 |
| 2010 | — | $10,344,223▼8.5% | -$1,270,475▲22.9% | $127,603,234▲105% | 990 |
| 2009 | — | $11,302,163 | -$1,648,871 | $62,241,213 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Stephen G Leeper — $654,496 (0.98% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Stephen G Leeper | President & Ceo | 45 | $654,496 |
| Adam Gelter Thru 924 | Evp, Development | 45 | $322,629 |
| Timothy Szilasi | Evp & Cfo & Treasurer | 45 | $275,410 |
| Christy Samad | Evp Civic & Comm. Space Activation | 50 | $232,364 |
| Michael Dumbauld | Vp Asset Management | 50 | $160,868 |
| Caitlin Felvus Beg 924 | Clo & Vp of Hr & Secretary | 45 | $157,248 |
| Katie Westbrook | Vp, Development | 45 | $157,020 |
| Reid Vanpelt | Vp Parking Svcs. & Property Mgmt. | 50 | $149,820 |
| David Vissman | Vp Operations | 50 | $148,945 |
| Amy Spiller | Board Member | 1 | — |
| Archie Brown | Board Member | 1 | — |
| Bernie Mckay | Board Member | 1 | — |
| Brandon Cull | Board Member | 1 | — |
| Brian Hodgett | Board Member | 1 | — |
| Chris Habel | Board Member | 1 | — |
| Gary Lindgren | Board Member | 1 | — |
| James M Zimmerman | Board Member | 1 | — |
| James Sowar Thru 1224 | Board Member | 1 | — |
| Jeremy Vaughn | Board Member | 1 | — |
| John C Merchant | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Turner Construction Company | Construction | $6,754,138 |
| Triversity Construction Co LLC | Construction | $2,150,962 |
| Linked Solutions Inc | Construction | $1,300,398 |
| Sansalone & Associates | Construction | $1,209,893 |
| Trade31 | Construction | $846,976 |
Grants received · $4.8M total
30 grants to Cincinnati Center City Development Corporation totaling $4.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Cincinnati Foundation | Programatic support | 2024 | $415,250 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $415,250 |
| Charities Aid Foundation America | Charitable donation | 2024 | $100,049 |
| Mightycause Charitable Foundation | Unrestricted | 2024 | $18,535 |
| Greater Cincinnati Foundation | Programatic support | 2023 | $343,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $74,750 |
| Mightycause Charitable Foundation | Unrestricted | 2023 | $23,842 |
| Greater Cincinnati Foundation | General purpose | 2022 | $294,267 |
| Charities Aid Foundation America | Charitable donation | 2022 | $74,750 |
| United Way of Greater Cincinnati | Program operating cost | 2022 | $49,175 |
| Mightycause Charitable Foundation | Unrestricted | 2022 | $30,495 |
| AARP | Sponsorship of the fountain square & washington park spring 2022 season | 2022 | $21,400 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $6,000 |
| Greater Cincinnati Foundation | General purpose | 2021 | $286,121 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $95,000 |
Grants made · $10K in FY2024
1 grant totaling $10K in FY2024. All grants made by Cincinnati Center City Development Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Cincinnati Foundation | General support | $10,000 |
Similar organizations in Community
- Community
Columbus Downtown Development Corporation
Columbus, OH
$40.7M
C+annual revenue
Community
Jumpstart Inc
Cleveland, OH
$35.8M
Bannual revenue
Community
Corporation For Ohio Appalachian Development
Athens, OH
$30.6M
Bannual revenue
Community
Wright Brothers Institute Inc
Dayton, OH
$28.9M
C+annual revenue
- Community
Strs Ohio Tx Real Estate Investments Inc
Columbus, OH
$26.7M
C+annual revenue
Community
Impact Community Action
Columbus, OH
$26.2M
B+annual revenue
- Community
American Friends of Ogen Inc
University Ht, OH
$24.7M
Cannual revenue
Community
Ohio Community Development Finance Fund
Columbus, OH
$20.7M
Bannual revenue
- Community
Campus Partners For Community Urban Redevelopment
Columbus, OH
$20.7M
Dannual revenue
Community
Manufacturing Advocacy & Growth Network Inc
Cleveland, OH
$20.6M
Bannual revenue
Compare Cincinnati Center City Development Corporation
Frequently asked questions
- Is Cincinnati Center City Development Corporation a legitimate nonprofit?
- Yes. Cincinnati Center City Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-0446324, based in Cincinnati, Ohio. Donations are tax-deductible.
- What is Cincinnati Center City Development Corporation's EIN?
- Cincinnati Center City Development Corporation's Employer Identification Number (EIN) is 20-0446324.
- How much revenue does Cincinnati Center City Development Corporation report?
- Cincinnati Center City Development Corporation reported $65,543,936 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Cincinnati Center City Development Corporation's spending goes to programs?
- Cincinnati Center City Development Corporation spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cincinnati Center City Development Corporation have?
- CharityIndex grades Cincinnati Center City Development Corporation C+, based on program efficiency and fundraising cost.
- How much does Cincinnati Center City Development Corporation's highest-paid employee make?
- The highest reported compensation on Cincinnati Center City Development Corporation's latest Form 990 is $654,496, paid to Stephen G Leeper (President & Ceo).
More nonprofits in Cincinnati
Explore more
Data for Cincinnati Center City Development Corporation (EIN 20-0446324) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.