CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION

EIN: 310868417

COLUMBUS, OH

Total Revenue
$10,082,523
Total Expenses
$12,943,683
Total Assets
$31,211,403
Net Assets
$28,542,791
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
OH
Principal Officer
GREG DAVIES
Phone
6145455042
Tax Period
2023-01-01 to 2023-12-31

CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION, founded in 1974, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $12.9M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL.

Program Service Accomplishments

Program 1
Expenses: $5,661,993 Revenue: $7,897,122

MANAGEMENT OF PUBLIC PARKING GARAGES AND AN ATTACHED RETAIL CENTER.

Program 2
Expenses: $1,952,893 Revenue: $276,366

THE COLUMBUS COMMONS PARK HAD A RECORD-BREAKING SEASON IN 2023 AFTER THE COVID-19 PANDEMIC REDUCED THE NUMBER OF EVENTS IN PREVIOUS YEARS. THE PARK PROVIDES A VARIETY OF EVENTS FOR THE COMMUNITY TO...

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THE COLUMBUS COMMONS PARK HAD A RECORD-BREAKING SEASON IN 2023 AFTER THE COVID-19 PANDEMIC REDUCED THE NUMBER OF EVENTS IN PREVIOUS YEARS. THE PARK PROVIDES A VARIETY OF EVENTS FOR THE COMMUNITY TO ENJOY, WITH THE MAJORITY BEING FREE AND OPEN TO ALL. FOR EXAMPLE, IN 2023 THESE EVENTS INCLUDED A COMMUNITY CHOIR CONCERT WHICH BROUGHT OVER 6,000 PATRONS TO THE PARK, AS WELL AS ZORA'S HOUSE WOMAN OF COLOR SUMMER MARKET. IN ADDITION TO EVENTS, THE PARK DRAWS PEOPLE DOWNTOWN WITH FREE CAROUSEL RIDES AND TWO ONSITE CAFS, WHICH SUPPORTS THE ONGOING DEVELOPMENT OF DOWNTOWN COLUMBUS.

Program 3
Expenses: $4,152,877 Revenue: $1,495,313

IN 2020, CAPITOL SOUTH ENTERED INTO A CONTRACT WITH THE CITY OF COLUMBUS FOR THE DESIGN AND CONSTRUCTION OF TWO PARKING GARAGES TOTALING 1,400 SPACES TO SERVE THE SCIOTO PENINSULA DEVELOPMENT...

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IN 2020, CAPITOL SOUTH ENTERED INTO A CONTRACT WITH THE CITY OF COLUMBUS FOR THE DESIGN AND CONSTRUCTION OF TWO PARKING GARAGES TOTALING 1,400 SPACES TO SERVE THE SCIOTO PENINSULA DEVELOPMENT. CONSTRUCTION OF THE GARAGES CONTINUED THOUGH OUT 2021. THE GARAGES WERE SUBSTANTIALLY COMPLETED AND OPENED TO THE PUBLIC IN 2022. CLOSE OUT OF THE CONSTRUCTION PUNCH LIST CONTINUED INTO 2023.DURING 2021, CAPITOL SOUTH CONTRIBUTED $3,584,193 OF ITS DOWNTOWN HOUSING INCENTIVE FUND TO CDDC TO ASSIST WITH FUNDING OF THE TOPIARY PARK CROSSING PROJECT, A 98-UNIT AFFORDABLE HOUSING PROJECT BEING DEVELOPED IN DOWNTOWN COLUMBUS. CONSTRUCTION OF THE PROJECT COMMENCED IN 2022 AND OPENED IN THE FALL OF 2023.SEE SCHEDULE OBEGINNING IN THE SUMMER OF 2021, CAPITOL SOUTH PROVIDED ADDITIONAL SECURITY AND PROGRAMMING TO THE COLUMBUS RIVERFRONT PARK AREA KNOWN AS THE SCIOTO MILE. THESE SERVICES WERE COORDINATED WITH THE CITY OF COLUMBUS DEPARTMENT OF RECREATION AND PARKS TO ACTIVATE THE AREA AFTER THE COVID PANDEMIC. THESE SERVICES CONTINUED IN 2023.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $102,231
Program Service Revenue $9,668,801
Investment Income $299,494
Other Revenue $11,997
TOTAL REVENUE $10,082,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,079,851
Fundraising Expenses $0
Program Expenses $11,767,763
Other Expenses $10,863,832
TOTAL EXPENSES $12,943,683

Year-over-Year Comparison

2023 2022 Change
Revenue $10,082,523 $13,517,756 -0.3%
Expenses $12,943,683 $16,341,929 -0.2%
Net Income $-2,861,160 $-2,824,173 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,473,374
Total Directors
14
$0
Key Employees
1
$334,522
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX FISCHER BOARD MEMBER/CHAIR 0.30
Officer Director
$0 $0 $0
TIM ROBINSON BOARD MEMBER/VICE CHAIR 0.30
Officer Director
$0 $0 $0
SANDY DOYLE-AHERN BOARD MEMBER/SECRETARY 0.30
Officer Director
$0 $0 $0
CHRISTIE ANGEL BOARD MEMBER 0.30
Director
$0 $0 $0
FREDERIC BERTLEY BOARD MEMBER 0.30
Director
$0 $0 $0
BRUCE A SOLL BOARD MEMBER 0.30
Director
$0 $0 $0
DR STEPHEN MARKOVICH BOARD MEMBER 0.30
Director
$0 $0 $0
JEFFREY EDWARDS BOARD MEMBER 0.30
Director
$0 $0 $0
BRIAN ELLIS BOARD MEMBER 0.30
Director
$0 $0 $0
JULIE SLOAT BOARD MEMBER 0.30
Director
$0 $0 $0
HEATHER BRILLIANT BOARD MEMBER 0.30
Director
$0 $0 $0
SUE ZAZON BOARD MEMBER 0.30
Director
$0 $0 $0
MATT SCANTLAND BOARD MEMBER 0.30
Director
$0 $0 $0
DONALD BROWN BOARD MEMBER/TREASURER 0.30
Officer Director
$0 $0 $0
GREG DAVIES CEO 22.50
Officer
$243,869 $44,890 $532,628
MATTHEW LUTZ ASST SECRETARY/GENERAL COUNSEL 22.50
Officer
$159,339 $33,102 $351,780
AMY TAYLOR PRESIDENT 22.50
Officer
$283,258 $22,450 $588,966
JOSEPH SCHUELER CFO 22.50
Key Emp
$145,730 $43,062 $334,522
ASHLEY MYERS DIRECTOR OF COLUMBUS COMMONS 22.50
Highest
$70,693 $34,358 $175,744
EMILYN AGUILAR HALL ACCOUNTING MANAGER 22.50
Highest
$63,492 $12,534 $139,518
MADISON ANN COLE DIRECTOR OF COMMUNICATIONS 22.50
Highest
$60,517 $20,044 $141,078
COLETTA A BLACK DIRECTOR OF ADMINISTRATION 22.50
Highest
$61,262 $24,806 $147,330
ANGELINA M VEGA PROJECT COUNSEL 22.50
Highest
$57,724 $23,686 $139,134
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $10,082,523 $12,943,683 $31,211,403 $-2,861,160
2022 $13,517,756 $16,341,929 $34,021,751 $-2,824,173
2021 $27,422,003 $34,036,652 $40,052,734 $-6,614,649
2020 $9,305,429 $11,080,094 $43,050,065 $-1,774,665
2019 $10,329,899 $11,498,614 $45,457,882 $-1,168,715
2018 $10,922,568 $11,546,144 $46,432,207 $-623,576
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