2024-11-15T13:20:56-06:00 2023-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2023-01-01 310868417 CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION CAPI 6145455042 150 SOUTH FRONT STREET 210 COLUMBUS OH 432153416 JOSEPH SCHUELER CFO 6145455042 2024-11-15 1 KATHY M MOSELEY P00116760 6142211120 2023 2024-10-15 13:58:12Z CC PARKING GREG DAVIES 150 SOUTH FRONT STREET 210 COLUMBUS OH 432153416 10082523 0 X N/A X 1974 OH SEE SCHEDULE O 14 14 0 14 0 0 113462 102231 13204483 9668801 102058 299494 97753 11997 13517756 10082523 0 0 0 0 1659375 2079851 0 0 0 14682554 10863832 16341929 12943683 -2824173 -2861160 34021751 31211403 2889778 2668612 31131973 28542791 X THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL. 0 0 5661993 0 7897122 MANAGEMENT OF PUBLIC PARKING GARAGES AND AN ATTACHED RETAIL CENTER. 1952893 0 276366 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. 4152877 0 1495313 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. DOWNTOWN HOUSING INCENTIVE FUND (PROVIDED "GAP" FINANCING TO DOWNTOWN RESIDENTIAL DEVELOPERS). CURRENTLY ORIGINATING NO NEW LOANS. 11767763 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 X 61 0 1 0 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X GREG DAVIES PRESIDENT & CEO 6145454700 150 S FRONT ST STE 210 COLUMBUS OH 43215 ALEX FISCHER BOARD MEMBER/CHAIR 0.30 0.30 X X 0 0 0 TIM ROBINSON BOARD MEMBER/VICE CHAIR 0.30 0.30 X X 0 0 0 SANDY DOYLE-AHERN BOARD MEMBER/SECRETARY 0.30 0.30 X X 0 0 0 CHRISTIE ANGEL BOARD MEMBER 0.30 0.30 X 0 0 0 FREDERIC BERTLEY BOARD MEMBER 0.30 0.30 X 0 0 0 BRUCE A SOLL BOARD MEMBER 0.30 0.30 X 0 0 0 DR STEPHEN MARKOVICH BOARD MEMBER 0.30 0.30 X 0 0 0 JEFFREY EDWARDS BOARD MEMBER 0.30 0.30 X 0 0 0 BRIAN ELLIS BOARD MEMBER 0.30 0.30 X 0 0 0 JULIE SLOAT BOARD MEMBER 0.30 0.30 X 0 0 0 HEATHER BRILLIANT BOARD MEMBER 0.30 0.30 X 0 0 0 SUE ZAZON BOARD MEMBER 0.30 0.30 X 0 0 0 MATT SCANTLAND BOARD MEMBER 0.30 0.30 X 0 0 0 DONALD BROWN BOARD MEMBER/TREASURER 0.30 0.30 X X 0 0 0 GREG DAVIES CEO 22.50 27.50 X 243869 243869 44890 MATTHEW LUTZ ASST SECRETARY/GENERAL COUNSEL 22.50 27.50 X 159339 159339 33102 AMY TAYLOR PRESIDENT 22.50 27.50 X 283258 283258 22450 JOSEPH SCHUELER CFO 22.50 27.50 X 145730 145730 43062 ASHLEY MYERS DIRECTOR OF COLUMBUS COMMONS 22.50 27.50 X 70693 70693 34358 EMILYN AGUILAR HALL ACCOUNTING MANAGER 22.50 27.50 X 63492 63492 12534 MADISON ANN COLE DIRECTOR OF COMMUNICATIONS 22.50 27.50 X 60517 60517 20044 COLETTA A BLACK DIRECTOR OF ADMINISTRATION 22.50 27.50 X 61262 61262 24806 ANGELINA M VEGA PROJECT COUNSEL 22.50 27.50 X 57724 57724 23686 1145884 1145884 258932 4 0 1 0 LAZ KARP ASSOCIATES LLC DBA LAZ PARKING ONE FINANCIAL PLAZA FLOOR 14 HARTFORD CT 06103 PARKING FACILITY MANAGEMENT 1216813 COLUMBUS ARCHITECTURAL STUDIO 405 N FRONT ST COLUMBUS OH 43215 ARCHITECTURAL SERVICES 218100 LITHKO RESTORATION TECHNOLOGIES LLC 900 N GRAVER RD MONROE OH 45050 GENERAL CONTRACTOR 129705 3 102231 102231 3RD STREET RETAIL & GARAGE 531390 7897122 7897122 CONTRACT REVENUE 812930 1495313 1495313 PROGRAM FEES/COLUMBUS COMMONS 713990 276366 276366 9668801 299494 299494 MISCELLANEOUS REVENUE 812930 11997 11997 11997 10082523 9668801 0 311491 923751 646626 277125 897744 602653 295091 73172 58538 14634 65255 52204 13051 119929 83591 36338 77062 3775 73287 30765 30765 32500 32500 680680 680159 521 172593 83217 89376 84780 8728 76052 67605 1327 66278 61174 61174 27226 13169 14057 2831983 2795258 36725 170423 137878 32545 PARKING GARAGE EXPENSES 3494892 3494892 COLUMBUS COMMONS PROGRA 1814241 1814241 REDEVELOPMENT 1286064 1286064 OTHER EXPENSES 18319 5443 12876 13525 13525 12943683 11767763 1175920 0 6009721 5553665 1094973 1200618 481188 836071 190114 213714 79371621 61619734 20461636 17751887 3143172 4051624 1382727 1350000 1258220 253824 34021751 31211403 2511248 2366801 32559 22256 345971 279555 2889778 2668612 X 31131973 28542791 31131973 28542791 34021751 31211403 -2861160 271978 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 X 1 7.22 1 1 0 0 0 0 74127784 57362367 16765417 45645 41688 3957 2780585 2390796 389789 2417607 1824883 592724 17751887 OPERATING LEASE LIABILITIES 279555 279555 X 10354501 271978 271978 10082523 0 10082523 12943683 0 12943683 0 12943683 PART II, LINE 9: THE CONSERVATION EASEMENT WAS ACQUIRED IN 2019 AND IS REPORTED AS AN INTANGIBLE ASSET ON THE ORGANIZATION'S BALANCE SHEET. THE AMORTIZATION IS ON A STRAIGHT-LINE BASIS THROUGH 2065, CORRESPONDING WITH THE NVMMH PART IV, LINE 2B: THE ACCOUNTS WERE LISTED UNDER FUNDS HELD FOR OTHER ORGANIZATIONS AS BOTH AN ASSET AND A LIABILITY. CAPITOL SOUTH MANAGED THREE PARKING GARAGES FOR THE CITY OF COLUMBUS AND WAS PAID A MANAGEMENT FEE FOR THOSE MANAGEMENT SERVICES. IT DID HAVE SIGNATORY AUTHORITY OVER THE PARKING RECEIPTS ACCOUNTS AND PAID A PARKING OPERATOR FOR SERVICES OUT OF THOSE RECEIPTS BEFORE REMITTING THOSE FUNDS TO THE CITY. THIS ARRANGEMENT WAS TERMINATED IN 2022 AND THE REMAINING FUNDS WERE RETURNED TO THE CITY OF COLUMBUS. PART X, LINE 2: CAPITOL SOUTH HAS ADOPTED THE PROVISIONS OF THE FASB ACCOUNTING STANDARDS CODIFICATION RELATING TO UNCERTAIN TAX POSITIONS. CAPITOL SOUTH ANNUALLY EVALUATES TAX POSITIONS WHICH INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS CAPITOL SOUTH TAKES WITH REGARD TO UNRELATED BUSINESS INCOME, RELATED DEDUCTIONS APPLIED OR OTHER ACTIVITIES THAT MAY JEOPARDIZE THEIR TAX EXEMPT STATUS, WOULD MEET THE DEFINITION OF UNCERTAIN TAX POSITION. NO TAX ACCRUAL WAS RECORDED AS MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 AMY TAYLOR PRESIDENT 214633 214633 63000 63000 5625 5625 9515 9515 1710 1710 294483 294483 0 0 GREG DAVIES CEO 170616 170616 67253 67253 6000 6000 9072 9072 13373 13373 266314 266314 0 0 MATTHEW LUTZ ASST SECRETARY/GENERAL COUNSEL 144676 144676 14663 14663 0 0 7218 7218 9333 9333 175890 175890 0 0 JOSEPH SCHUELER CFO 132390 132390 13340 13340 0 0 8139 8139 13392 13392 167261 167261 0 0 ASHLEY MYERS DIRECTOR OF COLUMBUS COMMONS 63747 63747 6946 6946 0 0 4097 4097 13082 13082 87872 87872 0 0 PART I, LINE 1A SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION. THE DEVELOPMENT ACTIVITIES OF THE ORGANIZATION REQUIRE EXTENSIVE COOPERATION AND COORDINATION OF PUBLIC AND PRIVATE SUPPORT FOR SUCCESSFUL DOWNTOWN ECONOMIC REDEVELOPMENT. BREAKFAST AND LUNCH MEETINGS ARE THE OPTIMUM WAY TO SCHEDULE SCARCE TIME TO CONFIDENTIALLY DISCUSS COOPERATIVE PROJECT ACTIVITIES. THE BOARD SUGGESTED MEMBERSHIP IN THE SOCIAL CLUBS TO FACILITATE NECESSARY MEETINGS WITH BUSY EXECUTIVES. GREGORY JAMES DAVIES OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 159085 604028 0 1 1 AMY E TAYLOR OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 79543 232043 0 1 1 836071 SCHEDULE L, PART II IN 2021, CAPITOL SOUTH ESTABLISHED A SPLIT DOLLAR LIFE INSURANCE PROGRAM FOR THE BENEFIT OF TWO OF ITS EXECUTIVES, GREG DAVIES AND AMY TAYLOR. UNDER THIS PROGRAM, CAPITOL SOUTH FUNDS LIFE INSURANCE POLICIES FOR THE EXECUTIVES OR THEIR SPOUSES THROUGH THE PAYMENT OF ANNUAL AND BIWEEKLY PREMIUMS. PER THE AGREEMENTS, CAPITOL SOUTH COMMITTED TO MAKE ANNUAL AND BIWEEKLY PREMIUMS PAYMENTS FOR THE THREE YEARS BEGINNING JUNE 14, 2021. THE PREMIUMS PAID ARE TREATED AS A LOAN TO THE EMPLOYEE, WITH PRINCIPAL AND INTEREST BEING REPAID TO CAPITOL SOUTH UPON THE EMPLOYEE'S DEATH. THE LOANS ARE COLLATERALIZED BY THE CASH SURRENDER VALUE OF THE RESPECTIVE LIFE INSURANCE POLICIES. CAPITOL SOUTH HAS AN AGREEMENT WITH CDDC TO SHARE IN THE FUNDING OF THIS PROGRAM. THE TOTAL VALUE OF THE LOANS OUTSTANDING WAS $1,618,239 AT DECEMBER 31, 2023. CDDC'S SHARE OF THE LOANS WAS $836,071. IN DECEMBER 2023, THE AGREEMENTS WERE EXTENDED TO COVER THE PERIOD THROUGH JUNE 30, 2028. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO SERVE A PUBLIC PURPOSE AND SEEK THE IMPROVEMENT OF URBAN CONDITIONS, INCLUDING WITHOUT LIMITATION THE ELIMINATION OF URBAN BLIGHT, THROUGH DIRECT AND INDIRECT PARTICIPATION IN ACTIVITIES RELATING TO DEVELOPMENT, REDEVELOPMENT, AND OTHER PROJECTS LOCATED IN (I) THE GEOGRAPHIC AREA LOCATED IN THE CITY OF COLUMBUS, OHIO, THAT IS BOUNDED GENERALLY ON THE NORTH BY ROUTE 670, ON THE EAST BY ROUTE 71, ON THE SOUTH BY ROUTE 70 AND ON THE WEST BY THE RAILROAD PROPERTIES AND RIGHTS OF WAY SEPARATING FRANKLINTON FROM THE SCIOTO PENINSULA, AND (II) SUCH OTHER GEOGRAPHIC AREAS AS SHALL BE APPROVED FROM TIME TO TIME, BY THE CITY COUNCIL OF THE CITY OF COLUMBUS, OHIO. THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, (A) COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY, (B) LESSENING THE BURDENS OF GOVERNMENT, AND (C) MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS A EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW) AND (II) AGREE TO APPLY SUCH DISTRIBUTIONS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES IN FRANKLIN COUNTY, OHIO. FORM 990, PART V, LINES 2A & 2B: CAPITOL SOUTH CONTRACTS WITH RESOURCING EDGE, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) TO PERFORM WORKFORCE MANAGEMENT SERVICES INCLUDING PAYROLL SERVICES, ADMINISTRATION OF BENEFIT AND WORKERS' COMPENSATION PLANS AND MANAGEMENT OF HUMAN RESOURCE PROCESSES. THE PEO IS THE EMPLOYER OF RECORD FOR THE EMPLOYEES WORKING FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD HAS MEMBERS WHO CONTROL OR ARE EMPLOYED BY AREA FINANCIAL INSTITUTIONS, LAW FIRMS, CONSULTING FIRMS AND VARIOUS OTHER BUSINESS ENTERPRISES. THROUGHOUT THE YEAR, VARIOUS OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES HAVE BUSINESS RELATIONS WITH THESE ORGANIZATIONS IN THE NORMAL COURSE OF THEIR BUSINESS AND PERSONAL LIVES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE CFO AND PRESIDENT & CEO PRIOR TO ITS FILING. FURTHER, THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S AUDIT & FINANCE COMMITTEE PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL ACKNOWLEDGEMENT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST FORMS ARE DISTRIBUTED ANNUALLY BY THE EXECUTIVE ASSISTANT TO EMPLOYEES, MANAGEMENT AND BOARD MEMBERS FOR COMPLETION AND SIGNATURE. THE EXECUTIVE ASSISTANT AND THE GENERAL COUNSEL ENSURE ALL FORMS ARE RETURNED AND ANY POTENTIAL CONFLICTS ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO. THE BOARD CONSIDERS GOALS, ACCOMPLISHMENTS, COMPENSATION LEVEL OF OTHER LOCAL NON-PROFIT CEO'S, AND COMPENSATION HISTORY. REGARDING THE COMPENSATION OF THE KEY/HIGHLY COMPENSATED EMPLOYEES, THE ORGANIZATION'S CEO AND PRESIDENT CONDUCT A PROCESS SIMILAR TO THE ONE DONE BY THE BOARD FOR THEM. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORMS 1024 AND 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FURTHER, THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION THROUGH ANOTHER'S WEBSITE, WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS AN AUDIT REVIEW COMMITTEE WHICH OVERSEES THE AUDIT PROCESS, ULTIMATELY APPROVING THE AUDITED FINANCIAL STATEMENTS AND PRESENTING THEM TO THE BOARD. THIS COMMITTEE ALSO COORDINATES THE PROCESS FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. CAPITOL SOUTH ASSOCIATION 150 SOUTH FRONT STREET STE 210 COLUMBUS OH 43215 310886552 INACTIVE OH 501(C)(3) LINE 7 CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION 0 COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION 150 SOUTH FRONT STREET STE 210 COLUMBUS OH 43215 760704655 DOWNTOWN DEVELOPMENT OH 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION K 63542 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION N 224429 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION O 1590917 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION S 421960 ACCRUAL BASIS