Nonprofit · EIN 06-0529307
DOWNTOWN TOLEDO DEVELOPMENT CORPORATION
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,063,841 | $1,755,535 | $308,306 | $2,701,963 | $881,936 | $1,820,027 |
| December 31, 2024 | 990 | $1,857,201 | $1,752,828 | $104,373 | $2,433,071 | $921,880 | $1,511,191 |
| December 31, 2023 | 990 | $1,451,269 | $1,263,472 | $187,797 | $2,372,766 | $977,367 | $1,395,399 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $834,954
- of which government grants
- $175,845
- Membership dues
- $442,500
- Program service revenue
- $1,103,019
- Investment income
- $41,275
- Net rental income
- $84,593
- Other revenue
- $84,593
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $222,772
- Other salaries and wages
- $152,251
- Salaries, compensation and benefits (total)
- $415,054
- Professional fundraising fees
- $0
- Legal fees
- $13,511
- Accounting fees
- $20,383
- Occupancy
- $26,787
- Program services (functional)
- $1,338,867
- Management and general (functional)
- $416,668
Balance sheet and other
- Total assets, start of year
- $2,433,071
- Total assets, end of year
- $2,701,963
- Total liabilities, end of year
- $881,936
- Net assets, end of year
- $1,820,027
- Land, buildings and equipment
- $1,089,904
- Net assets without donor restrictions
- $1,820,027
- Gross receipts
- $2,141,228
- Employees
- 4
- Volunteers
- 29
- Year formed
- 2005
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTINE MICHAELS 51 - 1231 | PRESIDENT/CEO Officer | 40 | $148,594 | $6,556 |
| PAUL TOTH 11 - 630 | PRESIDENT/CEO Officer | 40 | $67,621 | $0 |
| VINCE DIPOFI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM MANAHAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALEX GERKEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GENE ABERCROMBIE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BOB BAXTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN DOWER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ADAM FREELS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARC FOLK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN HAUDRICH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARON FULOP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ADAM LEVINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOEL JERGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAY MICHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES HOLLOWAY | TRUSTEE Trustee or director | 1 | $0 |
| JOE NAPOLI | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN CHAMBERS | TRUSTEE Trustee or director | 1 | $0 |
| BILL RUDOLPH | TRUSTEE Trustee or director | 1 | $0 |
| KATE SOMMERFELD | TRUSTEE Trustee or director | 1 | $0 |
| DAVE ZENK | TRUSTEE Trustee or director | 1 | $0 |
| JAMES HOFFMAN | TRUSTEE Trustee or director | 1 | $0 |
| WILL LUCAS | TRUSTEE Trustee or director | 1 | $0 |
| BARRY SHANER | TRUSTEE Trustee or director | 1 | $0 |
| SHARON SPEYER | TRUSTEE Trustee or director | 1 | $0 |
| ANDY DALE | TRUSTEE Trustee or director | 1 | $0 |
| BILL MCDONNELL | TRUSTEE Trustee or director | 1 | $0 |
| JACK MEWHORT | TRUSTEE Trustee or director | 1 | $0 |
| ARTURO POLIZZI | TRUSTEE Trustee or director | 1 | $0 |
| MATTHEW RUBIN | TRUSTEE Trustee or director | 1 | $0 |
| WENDY GRAMZA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 34 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL TOTH | PRESIDENT Officer | 40 | $131,306 |
| VINCE DIPOFI | CHAIR Trustee or director, Officer | 1 | $0 |
| TOM MANAHAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ALEX GERKEN | TREASURER Trustee or director, Officer | 1 | $0 |
| GENE ABERCROMBIE | SECRETARY Trustee or director, Officer | 1 | $0 |
| BOB BAXTER | TRUSTEE Trustee or director | 1 | $0 |
| DAN DOWER | TRUSTEE Trustee or director | 1 | $0 |
| ADAM FREELS | TRUSTEE Trustee or director | 1 | $0 |
| MARC FOLK | TRUSTEE Trustee or director | 1 | $0 |
| JOHN HAUDRICH | TRUSTEE Trustee or director | 1 | $0 |
| SHARON FULOP | TRUSTEE Trustee or director | 1 | $0 |
| ADAM LEVINE | TRUSTEE Trustee or director | 1 | $0 |
| JOEL JERGER | TRUSTEE Trustee or director | 1 | $0 |
| RAY MICHAM | TRUSTEE Trustee or director | 1 | $0 |
| DIANE MILLER | TRUSTEE Trustee or director | 1 | $0 |
| JOE NAPOLI | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN CHAMBERS | TRUSTEE Trustee or director | 1 | $0 |
| BILL RUDOLPH | TRUSTEE Trustee or director | 1 | $0 |
| TIM MEYER | TRUSTEE Trustee or director | 1 | $0 |
| JASON KUCSMA | TRUSTEE Trustee or director | 1 | $0 |
| DAVE ZENK | TRUSTEE Trustee or director | 1 | $0 |
| ROY HODGE | TRUSTEE Trustee or director | 1 | $0 |
| JAMES HOFFMAN | TRUSTEE Trustee or director | 1 | $0 |
| WILL LUCAS | TRUSTEE Trustee or director | 1 | $0 |
| BARRY SHANER | TRUSTEE Trustee or director | 1 | $0 |
| SHARON SPEYER | TRUSTEE Trustee or director | 1 | $0 |
| ANDY DALE | TRUSTEE Trustee or director | 1 | $0 |
| BILL MCDONNELL | TRUSTEE Trustee or director | 1 | $0 |
| RITA MANSOUR | TRUSTEE Trustee or director | 1 | $0 |
| JACK MEWHORT | TRUSTEE Trustee or director | 1 | $0 |
| DEAN MONSKE | TRUSTEE Trustee or director | 1 | $0 |
| ARTURO POLIZZI | TRUSTEE Trustee or director | 1 | $0 |
| MATTHEW RUBIN | TRUSTEE Trustee or director | 1 | $0 |
| WENDY GRAMZA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL TOTH | PRESIDENT Officer | 40 | $130,000 |
| SHARON SPEYER | CHAIR Trustee or director, Officer | 1 | $0 |
| TOM MANAHAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JASON KUCSMA | TREASURER Trustee or director, Officer | 1 | $0 |
| GENE ABERCROMBIE | SECRETARY Trustee or director, Officer | 1 | $0 |
| BOB BAXTER | TRUSTEE Trustee or director | 1 | $0 |
| SHEENA KEIFFER | TRUSTEE Trustee or director | 1 | $0 |
| VINCE DIPOFI | TRUSTEE Trustee or director | 1 | $0 |
| MARC FOLK | TRUSTEE Trustee or director | 1 | $0 |
| JOHN HAUDRICH | TRUSTEE Trustee or director | 1 | $0 |
| REED HAUPTMAN | TRUSTEE Trustee or director | 1 | $0 |
| ADAM LEVINE | TRUSTEE Trustee or director | 1 | $0 |
| JOEL JERGER | TRUSTEE Trustee or director | 1 | $0 |
| RAY MICHAM | TRUSTEE Trustee or director | 1 | $0 |
| DIANE MILLER | TRUSTEE Trustee or director | 1 | $0 |
| JOE NAPOLI | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN CHAMBERS | TRUSTEE Trustee or director | 1 | $0 |
| BILL RUDOLPH | TRUSTEE Trustee or director | 1 | $0 |
| ALEX GERKEN | TRUSTEE Trustee or director | 1 | $0 |
| MEG ADAMS | TRUSTEE Trustee or director | 1 | $0 |
| DAVE ZENK | TRUSTEE Trustee or director | 1 | $0 |
| ROY HODGE | TRUSTEE Trustee or director | 1 | $0 |
| JAMES HOFFMAN | TRUSTEE Trustee or director | 1 | $0 |
| WILL LUCAS | TRUSTEE Trustee or director | 1 | $0 |
| BARRY SHANER | TRUSTEE Trustee or director | 1 | $0 |
| JOAQUIN CINTRON VEGA | TRUSTEE Trustee or director | 1 | $0 |
| ANDY DALE | TRUSTEE Trustee or director | 1 | $0 |
| BILL MCDONNELL | TRUSTEE Trustee or director | 1 | $0 |
| RITA MANSOUR | TRUSTEE Trustee or director | 1 | $0 |
| JACK MEWHORT | TRUSTEE Trustee or director | 1 | $0 |
| DEAN MONSKE | TRUSTEE Trustee or director | 1 | $0 |
| ARTURO POLIZZI | TRUSTEE Trustee or director | 1 | $0 |
| MATTHEW RUBIN | TRUSTEE Trustee or director | 1 | $0 |
| WENDY GRAMZA | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 MADISON AVE STE 0110, TOLEDO, OH 43604-1561
- Mailing address (990-N for 2014)
- ONE SEAGATE NO PL123, TOLEDO OH 436041558
- Principal officer (990 for 2025)
- ALEX GERKEN, 300 MADISON AVE STE 0110, TOLEDO, OH 43604
- Principal officer (990-N for 2014)
- BILL THOMAS, ONE SEAGATE SUITE PL123, TOLEDO OH 43604
- Signed the 990
- ALEX GERKEN, TREASURER
- Phone
- (419) 249-5494
- Website
- WWW.CONNECTOLEDO.ORG
- Return prepared by
- CLARK SCHAEFER HACKETT & CO
Mission
DOWNTOWN TOLEDO DEVELOPMENT CORPORATION (DTDC) IS A NON-PROFIT ORGANIZATION FORMED FOR THE PURPOSE OF FURTHERING DEVELOPMENT AND COMMERCIAL ACTIVITY IN DOWNTOWN TOLEDO. ACTIVITIES PERFORMED BY DTDC INCLUDE DEVELOPMENT THROUGH BEAUTIFICATION AND DESIGN WORK.
Program accomplishments
- THE ORGANIZATION WORKED TO FURTHER DEVELOPMENT AND COMMERCIAL ACTIVITY IN DOWNTOWN TOLEDO THROUGH BEAUTIFICATION AND DESIGN WORK.Expenses $1,338,867 · revenue $1,103,019
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0529307
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A40)
- Assets (IRS master file)
- $2,701,963
- Income (IRS master file)
- $2,141,228
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,063,841 | $1,755,535 | $2,701,963 | XML |
| 990 | December 2024 | $1,857,201 | $1,752,828 | $2,433,071 | IRS |
| 990 | December 2023 | $1,451,269 | $1,263,472 | $2,372,766 | XML |
| 990 | December 2022 | $1,466,508 | $1,147,506 | $2,194,662 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: BILL THOMAS | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0529307).
Questions about DOWNTOWN TOLEDO DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN TOLEDO DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN TOLEDO DEVELOPMENT CORPORATION is 06-0529307.
- Is DOWNTOWN TOLEDO DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to DOWNTOWN TOLEDO DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN TOLEDO DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DOWNTOWN TOLEDO DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN TOLEDO DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DOWNTOWN TOLEDO DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names ALEX GERKEN.
- Who are the officers and directors of DOWNTOWN TOLEDO DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 31 people; 2 received compensation from the organization, the highest $148,594 (CHRISTINE MICHAELS 51 - 1231, PRESIDENT/CEO).
- How much revenue does DOWNTOWN TOLEDO DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,063,841, expenses of $1,755,535 and total assets of $2,701,963 at year end.
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All nonprofits in TOLEDO · Ohio · Arts, culture and humanities