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Cincinnati Center City Development Corp
Cincinnati Center City Development Corp reported $65.5 million in revenue and $66.7 million in expenses for calendar year 2024. Of every $100 it spent, $88.76 went to program services, $10.96 to management and general costs and $0.28 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 75.4% of the total. Government grants made up 9.2%. The highest compensation it reported for one person was $723,959 (PRESIDENT & CEO). 18 people received more than $100,000 in reportable compensation. Revenue rose 18% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $67MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $66MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.8% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.6% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.2% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 75.4% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $723,959 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.09% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 18 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -2.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 30 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCommercial real estate: 3cdc commercial revenues increased from $16.7 million in 2023 to $18.9 million in 2024. Of this growth, $2 million was driven by the assets that are still reaching stabilization after a recent development, primarily the foundry project in the heart of the fountain district and the opening of commercial spaces on court street. Three new assets came online during the year and represented $770,000 of new revenue
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…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 45.00 hrs/week | $654,496 | $0 | $69,463 | $723,959 |
| EVP, DEVELOPMENT Officer, 45.00 hrs/week | $322,629 | $0 | $57,734 | $380,363 |
| EVP & CFO & TREASURER Officer, 45.00 hrs/week | $275,410 | $0 | $45,945 | $321,355 |
| EVP CIVIC & COMM. SPACE ACTIVATION Highest compensated employee, 50.00 hrs/week | $232,364 | $0 | $51,859 | $284,223 |
| CLO & VP OF HR & SECRETARY Officer, 45.00 hrs/week | $157,248 | $0 | $18,098 | $175,346 |
| VP ASSET MANAGEMENT Highest compensated employee, 50.00 hrs/week | $160,868 | $0 | $13,638 | $174,506 |
| VP, DEVELOPMENT Highest compensated employee, 45.00 hrs/week | $157,020 | $0 | $16,197 | $173,217 |
| VP PARKING SVCS. & PROPERTY MGMT. Highest compensated employee, 50.00 hrs/week | $149,820 | $0 | $17,703 | $167,523 |
18 people received more than $100,000 in reportable compensation from Cincinnati Center City Development Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 30 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5501
- Volunteers Part I, line 6100
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| 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 |
Individuals listed as contractors are left out. 38 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Cincinnati Center City Development Corp totaling $150K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Cincinnati Center City Development Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cincinnati Center City Development Corp, you can publish a response that is linked from this page.
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Of every $100 Cincinnati Center City Development Corp spent in 2024, $88.76 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Central Arkansas Development CouncilBenton, AR · revenue $64M · programs 95.9% · FY2025
- Society of Manufacturing EngineersSouthfield, MI · revenue $66M · programs 71.6% · 2024
- Housing WorksBrooklyn, NY · revenue $64M · programs 99.3% · FY2025
- AvanceSan Antonio, TX · revenue $66M · programs 89.1% · FY2025
- IffChicago, IL · revenue $63M · programs 92.6% · 2025
All community improvement & capacity building charities · Largest charities in Ohio
Questions people ask
How much of Cincinnati Center City Development Corp's spending goes to programs?
In calendar year 2024, Cincinnati Center City Development Corp reported that 88.8% of its $66.7 million in expenses went to program services, 11.0% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Cincinnati Center City Development Corp pay its top executive?
The largest total compensation Cincinnati Center City Development Corp reported for one person in calendar year 2024 was $723,959, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Cincinnati Center City Development Corp get its money?
Of $65.5 million in revenue in calendar year 2024, 13.6% came from contributions and grants (including 9.2% from government grants) and 75.4% from program service revenue (Form 990, Part VIII).
Is Cincinnati Center City Development Corp a registered charity?
The IRS lists EIN 20-0446324 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513159349300616 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423169349306022 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349315241 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349326725 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349308468 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003019349301735 · read the filing
All filings for EIN 20-0446324: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.