CINCINNATI, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CINCINNATI CENTER CITY DEVELOPMENT CORP, founded in 2004, is a mid-sized nonprofit in the Community Improvement sector that reported $69.2M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $62.3M left a modest 10% surplus.
(1) TO PROMOTE THE WELFARE OF THE PEOPLE OF THE CITY OF CINCINNATI, OHIO (THE "CITY") (2) TO COMBAT COMMUNITY DETERIORATION, PROVIDE RELIEF TO THE POOR AND DISTRESSED, ELIMINATE DISCRIMINATION AND PREJUDICE, LESSEN NEIGHBORHOOD TENSIONS, FOSTER LOW INCOME HOUSING, STABILIZE, AND GENERALLY TO OTHERWISE PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT AND REDEVELOPMENT IN THE CITY'S DOWNTOWN; (3) TO LESSEN THE BURDENS OF GOVERNMENT OF THE CITY BY OVERSEEING PROJECTS, INCLUDING THOSE IN THE "CENTER CITY PLAN" PRESENTED TO THE CITY, AND PROGRAMS DESIGNED TO STRENGTHEN AND LEVERAGE THE CITY'S DOWNTOWN CORE ASSETS, INITIALLY FOCUSING ON FOUNTAIN SQUARE, OVER THE RHINE AND THE BANKS; (4) TO IMPROVE THE ECONOMY OF THE CITY BY DEVELOPING, ATTRACTING, EXPANDING, AND RETAINING BUSINESS, INDUSTRIAL, EDUCATIONAL, CULTURAL, CIVIC, COMMUNITY AND OTHER ENTERPRISES IN THE CITY AND THEREBY DEVELOPING, ATTRACTING, EXPANDING, AND RETAINING JOBS FOR THE PEOPLE OF THE CITY; (5) SOLELY FOR THE ABOVE PURPOSES, THE CORPORATION IS EMPOWERED TO TAKE AND HOLD BY BEQUEST, DEVISE, GIFT, CONTRIBUTION, PURCHASE, LEASE, OR ANY OTHER FORM, EITHER ABSOLUTELY OR IN TRUST, ANY PROPERTY, REAL OR PERSONAL, TANGIBLE OR INTANGIBLE, WITHOUT LIMITATION AS TO AMOUNT OR VALUE; TO SELL, CONVEY, USE, ASSIGN AND DISPOSE OF ANY SUCH PROPERTY AND TO INVEST AND REINVEST THE INCOME AND PRINCIPAL THEREOF; TO DEAL WITH AND EXPEND THE INCOME AND PRINCIPAL OF THE CORPORATION; TO MAKE GIFTS OR CONTRIBUTIONS TO OTHER ENTITIES OR PERSONS; TO VOTE THE SHARES OR INTERESTS IN ANY STOCK OR OTHER EQUITY INVESTMENT HELD BY THE CORPORATION; TO MAINTAIN, PROTECT AND ENFORCE ALL RIGHTS, TITLE AND INTERESTS INCIDENTAL TO HOLDING TITLE TO PROPERTY HELD BY THE CORPORATION; TO DO ALL THINGS NECESSARY OR APPROPRIATE TO ACCOMPLISH THE FOREGOING; AND TO EXERCISE ALL OTHER RIGHTS AND POWERS CONFERRED BY THE LAWS OF THE STATE OF OHIO UPON NONPROFIT CORPORATIONS.
MIXED-USE REAL ESTATE: THE ORGANIZATION CONTINUES TO WORK TO CONNECT THE FOUNTAIN SQUARE AREA TO THE CONVENTION DISTRICT WHILE FILLING ITS STREET-LEVEL COMMERCIAL SPACES WITH A WIDE VARIETY OF...
MIXED-USE REAL ESTATE: THE ORGANIZATION CONTINUES TO WORK TO CONNECT THE FOUNTAIN SQUARE AREA TO THE CONVENTION DISTRICT WHILE FILLING ITS STREET-LEVEL COMMERCIAL SPACES WITH A WIDE VARIETY OF TENANTS. THE ORGANIZATION, WHICH CURRENLTY HAS OVER 100 TENANTS IN STREET-LEVEL COMMERCIAL SPACES, IS FOCUSED ON INCREASING THE NUMBER OF MINORITY- AND WOMEN-OWNED BUSINESSES IN ITS SPACES. CURRENTLY, 29% (33/112) OF 3CDC'S LEASED, STREET-LEVEL COMMERCIAL SPACES ARE MINORITY-OWNED BUSINESSES, WHILE 35% (39/112) OF 3CDC'S FIRST-FLOOR RETAIL TENANTS ARE WOMAN-OWNED BUSINESSES.
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...
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 5,918 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.
CIVIC SPACE EVENT MANAGEMENT AND PROGRAMMING: IN 2023, 3CDC HOSTED OVER 1,200 FREE FAMILY-FRIENDLY EVENTS ACROSS THE SIX CIVIC SPACES IT MANAGES IN CINCINNATI'S URBAN CORE FOUNTAIN SQUARE, WASHINGTON...
CIVIC SPACE EVENT MANAGEMENT AND PROGRAMMING: IN 2023, 3CDC HOSTED OVER 1,200 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 25,000 VISITORS TO THE ZIEGLER PARK POOL, FREE SWIM LESSSONS FOR OVER 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 (CONTINUED IN SCHEDULE O)THE PARK OFTEN SUPPORT THE LOCAL ECONOMY BY PARKING AT NEARBY GARAGES AND VISITING SMALL BUSINESSES IN THE AREA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $69,201,248 | $46,900,631 | +0.5% |
| Expenses | $62,260,221 | $54,637,574 | +0.1% |
| Net Income | $6,941,027 | $-7,736,943 | -1.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEPHEN G LEEPER | PRESIDENT & CEO | 45.00 |
Officer
Director
|
$554,870 | $35,325 | $590,195 |
| SHAILESH JEJURIKAR | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RALPH S MICHAEL III | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH A PICHLER | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN F BARRETT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATTY BASTI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NEIL K BORTZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ARCHIE BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT H CASTELLINI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRANDON CULL | BOARD MEMBER (BEG 05/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE DAVIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LEIGH FOX | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELLY GILLIS | BOARD MEMBER (BEG 02/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| MEL GRAVELY | BOARD MEMBER (BEG 02/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS HABEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN HAYS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN HODGETT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN JANKOWSKI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEN M KATZ | BOARD MEMBER (THRU 07/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY LINDGREN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN C MERCHANT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BERNIE MCKAY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RODNEY MCMULLEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL MEYER | BOARD MEMBER (THRU 05/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MULLINGER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW RANDAZZO | BOARD MEMBER (BEG 07/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD SCHNEIDER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES SOWAR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY SPILLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEREMY VAUGHN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WARREN WEBER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS L WILLIAMS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES M ZIMMERMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ADAM GELTER | EVP, DEVELOPMENT | 45.00 |
Officer
|
$332,093 | $58,751 | $390,844 |
| TIMOTHY SZILASI | SECY., TREAS., SR. VP & CF | 45.00 |
Officer
|
$300,541 | $53,177 | $353,718 |
| CHRISTY VISSMAN | VP EVENTS & SR. VP | 50.00 |
Highest
|
$228,759 | $63,532 | $292,291 |
| LANN FIELD | VP DEVELOPMENT | 45.00 |
Highest
|
$176,571 | $19,752 | $196,323 |
| MICHAEL DUMBAULD | VP FINANCE | 50.00 |
Highest
|
$136,470 | $6,648 | $143,118 |
| KATIE WESTBROOK | DEVELOPMENT DIRECTOR | 50.00 |
Highest
|
$126,779 | $8,885 | $135,664 |
| BRANDY DELFAVERO | DEVELOPMENT DIRECTOR | 50.00 |
Highest
|
$127,436 | $6,517 | $133,953 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $69,201,248 | $62,260,221 | $416,219,260 | $6,941,027 |
| 2022 | $46,900,631 | $54,637,574 | $437,931,521 | $-7,736,943 |
| 2021 | $48,260,098 | $49,969,068 | $391,517,750 | $-1,708,970 |
| 2020 | $43,403,938 | $77,493,673 | $365,563,062 | $-34,089,735 |
| 2019 | $55,407,871 | $53,200,478 | $415,820,077 | $2,207,393 |
| 2018 | $38,207,083 | $39,330,180 | $413,225,233 | $-1,123,097 |
Compare CINCINNATI CENTER CITY DEVELOPMENT CORP with other nonprofits in Ohio and across the country.