Nonprofit · EIN 20-0446324
CINCINNATI CENTER CITY DEVELOPMENT CORPORATION
Also known as STEPHANIE GAITHER
Tax-exempt · CINCINNATI, OH 45202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $65,543,936 | $66,681,641 | -$1,137,705 | $456,363,899 | $468,573,383 | -$12,209,484 |
| December 31, 2023 | 990 | $69,201,248 | $62,260,221 | $6,941,027 | $416,219,260 | $428,238,294 | -$12,019,034 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,935,449
- of which government grants
- $6,020,255
- Program service revenue
- $49,392,255
- Investment income
- $2,016,573
- Net gain from sales of assets
- $225,780
- Other revenue
- $5,199,659
Expenses
- Grants and similar amounts paid
- $49,965
- Compensation of officers, directors and key employees
- $2,282,436
- Other salaries and wages
- $12,356,339
- Salaries, compensation and benefits (total)
- $18,022,107
- Professional fundraising fees
- $0
- Legal fees
- $547,188
- Accounting fees
- $317,434
- Occupancy
- $9,857,920
- Depreciation
- $14,771,204
- Program services (functional)
- $59,185,522
- Management and general (functional)
- $7,306,954
- Fundraising (functional)
- $189,165
Balance sheet and other
- Total assets, start of year
- $416,219,260
- Total assets, end of year
- $456,363,899
- Total liabilities, end of year
- $468,573,383
- Net assets, end of year
- -$12,209,484
- Land, buildings and equipment
- $192,956,955
- Net assets without donor restrictions
- -$14,893,425
- Net assets with donor restrictions
- $2,683,941
- Gross unrelated business income
- $45,395
- Gross receipts
- $65,696,516
- Employees
- 501
- Volunteers
- 100
- Year formed
- 2004
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN G LEEPER | PRESIDENT & CEO Trustee or director, Officer | 45 | $654,496 | $69,463 |
| ADAM GELTER THRU 924 | EVP, DEVELOPMENT Officer | 45 | $322,629 | $57,734 |
| TIMOTHY SZILASI | EVP & CFO & TREASURER Officer | 45 | $275,410 | $45,945 |
| CHRISTY SAMAD | EVP CIVIC & COMM. SPACE ACTIVATION Highest-paid employee | 50 | $232,364 | $51,859 |
| CAITLIN FELVUS BEG 924 | CLO & VP OF HR & SECRETARY Officer | 45 | $157,248 | $18,098 |
| MICHAEL DUMBAULD | VP ASSET MANAGEMENT Highest-paid employee | 50 | $160,868 | $13,638 |
| KATIE WESTBROOK | VP, DEVELOPMENT Highest-paid employee | 45 | $157,020 | $16,197 |
| REID VANPELT | VP PARKING SVCS. & PROPERTY MGMT. Highest-paid employee | 50 | $149,820 | $17,703 |
| DAVID VISSMAN | VP OPERATIONS Highest-paid employee | 50 | $148,945 | $5,722 |
| SHAILESH JEJURIKAR | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RALPH S MICHAEL III | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN F BARRETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATTY BASTI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NEIL K BORTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARCHIE BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT H CASTELLINI | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON CULL | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| LEIGH FOX | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE FOX BEG 1224 | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLY GILLIS | BOARD MEMBER Trustee or director | 1 | $0 |
| MEL GRAVELY | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS HABEL | BOARD MEMBER Trustee or director | 1 | $0 |
| RYAN HAYS | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN HODGETT | BOARD MEMBER Trustee or director | 1 | $0 |
| RYAN JANKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY LINDGREN | BOARD MEMBER Trustee or director | 1 | $0 |
| BERNIE MCKAY | BOARD MEMBER Trustee or director | 1 | $0 |
| RODNEY MCMULLEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN C MERCHANT | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE MULLINGER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH PICHLER | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW RANDAZZO | BOARD MEMBER Trustee or director | 1 | $0 |
| TODD SCHNEIDER | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES SOWAR THRU 1224 | BOARD MEMBER Trustee or director | 1 | $0 |
| AMY SPILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| JEREMY VAUGHN | BOARD MEMBER Trustee or director | 1 | $0 |
| WARREN WEBER | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS L WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES M ZIMMERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN G LEEPER | PRESIDENT & CEO Trustee or director, Officer | 45 | $554,870 | $35,325 |
| ADAM GELTER | EVP, DEVELOPMENT Officer | 45 | $332,093 | $58,751 |
| TIMOTHY SZILASI | SECY., TREAS., SR. VP & CF Officer | 45 | $300,541 | $53,177 |
| CHRISTY VISSMAN | VP EVENTS & SR. VP Highest-paid employee | 50 | $228,759 | $63,532 |
| LANN FIELD | VP DEVELOPMENT Highest-paid employee | 45 | $176,571 | $19,752 |
| MICHAEL DUMBAULD | VP FINANCE Highest-paid employee | 50 | $136,470 | $6,648 |
| KATIE WESTBROOK | DEVELOPMENT DIRECTOR Highest-paid employee | 50 | $126,779 | $8,885 |
| BRANDY DELFAVERO | DEVELOPMENT DIRECTOR Highest-paid employee | 50 | $127,436 | $6,517 |
| SHAILESH JEJURIKAR | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RALPH S MICHAEL III | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH A PICHLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN F BARRETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATTY BASTI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NEIL K BORTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARCHIE BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT H CASTELLINI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRANDON CULL | BOARD MEMBER (BEG 05/23) Trustee or director | 1 | $0 | $0 |
| STEVE DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH FOX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHELLY GILLIS | BOARD MEMBER (BEG 02/23) Trustee or director | 1 | $0 | $0 |
| MEL GRAVELY | BOARD MEMBER (BEG 02/23) Trustee or director | 1 | $0 | $0 |
| CHRIS HABEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RYAN HAYS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN HODGETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RYAN JANKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELLEN M KATZ | BOARD MEMBER (THRU 07/23) Trustee or director | 1 | $0 | $0 |
| GARY LINDGREN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN C MERCHANT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BERNIE MCKAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RODNEY MCMULLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JILL MEYER | BOARD MEMBER (THRU 05/23) Trustee or director | 1 | $0 | $0 |
| STEVE MULLINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW RANDAZZO | BOARD MEMBER (BEG 07/23) Trustee or director | 1 | $0 | $0 |
| TODD SCHNEIDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES SOWAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMY SPILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEREMY VAUGHN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WARREN WEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS L WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES M ZIMMERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1203 WALNUT STREET, CINCINNATI, OH 45202-3774
- In care of
- % TIMOTHY SZILASI
- Principal officer (990 for 2024)
- TIMOTHY SZILASI, 1203 WALNUT STREET 4TH FLOOR, CINCINNATI, OH 45202
- Signed the 990
- TIMOTHY SZILASI, SR. VP & CFO
- Phone
- (513) 621-4400
- Website
- WWW.3CDC.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- COMMERCIAL 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.Expenses $22,871,608 · revenue $18,974,979
- 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 SERVICE-BASED ESTABLISHMENTS. 3CDC HAS ON-SITE MANAGEMENT AT ITS GARAGES 24/7 AND FOCUSES ON MAKING FAIR CHANCE HIRES AND EMPLOYING INDIVIDUALS IN RECOVERY FOR MANY OF THE GARAGE MANAGEMENT AND OPERATIONAL POSITIONS, WORKING WITH VARIOUS JOB READINESS PROGRAMS TO IDENTIFY POTENTIAL EMPLOYEES.Expenses $19,435,828 · revenue $16,179,577
- 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 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 THE PARK OFTEN SUPPORT THE LOCAL ECONOMY BY PARKING AT NEARBY GARAGES AND VISITING SMALL BUSINESSES IN THE AREA.Expenses $10,441,743 · grants $49,965 · revenue $8,713,780
- BUSINESS DISTRICT MANAGEMENT: 3CDC EMPLOYED OVER 40 FULL-TIME AMBASSADORS IN 2024, AS WELL AS 40 ADDITIONAL PART-TIME EMPLOYEES. AMBASSADORS ASSIST IN THE MANAGEMENT OF THE SIX CIVIC SPACES 3CDC OVERSEES, IN ADDITION TO PROVIDING CLEAN, SAFE, AND BEAUTIFICATION SERVICES THROUGHOUT THE TWO SPECIAL IMPROVEMENT DISTRICTS THE ORGANIZATION MANAGES - THE DOWNTOWN CINCINNATI IMPROVEMENT DISTRICT AND OVER-THE-RHINE (OTR) SOUTH SPECIAL IMPROVEMENT DISTRICT. AMBASSADORS PATROL THE STREETS ON FOOT, CLEANING SIDEWALKS AND ALLEYS AND PROVIDING GUIDES, MAPS AND FRIENDLY ASSISTANCE TO VISITORS. SIMILAR TO ITS GARAGE MANAGEMENT STAFF, 3CDC FOCUSES ON MAKING FAIR CHANCE HIRES AND EMPLOYING INDIVIDUALS IN RECOVERY FOR MANY OF THESE AMBASSADOR POSITIONS, WORKING WITH VARIOUS JOB READINESS PROGRAMS TO IDENTIFY POTENTIAL EMPLOYEES.Expenses $5,160,123 · revenue $4,306,292
- RESIDENTIAL REAL ESTATE: IN 2024, 3CDC'S PORTFOLIO OF MANAGED RESIDENTIAL UNITS CONTINUED TO GROW, REACHING 125 APARTMENTS (37 OF WHICH ARE AFFORDABLE) WITH THE COMPLETION OF THE ANNIE LOFTS PROJECT. AS OF SEPTEMBER 30, 2024, 98% OF THE RESIDENTIAL UNITS WERE LEASED, AS RESIDENTIAL DEMAND IN THE OTR REMAINS STRONG.Expenses $898,573 · revenue $749,889
- DEVELOPMENT: THE MAJORITY OF 2024 WAS FOCUSED ON TWO POCKETS OF THE URBAN CORE THE CONVENTION DISTRICT AND NORTH OVER-THE-RHINE. WHILE PRIORITIZING THESE AREAS, 3CDC COMPLETED THE ANNIE PROJECT WHICH RESULTED IN 29 NEW HOUSING UNITS, SIX HAVING AFFORDABILITY RESTRICTIONS. OTHER PRE-DEVELOPMENT EFFORTS WERE DONE ON PROJECTS LIKE THE CAPITOL AT 7TH & VINE AND WHEX GARAGE. ALL OF THIS WORK CONTRIBUTES TO 3CDC'S OVERALL MISSION OF STRENGTHENING AND REVITALIZING CINCINNATI'S URBAN CORE, AS THE PROJECTS INVOLVE INCREASING THE NUMBER OF HOUSING UNITS AND ACTIVATING STREET LEVEL COMMERICAL SPACES TO CREATE JOBS.Expenses $377,647 · revenue $693,518
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 | Not 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
- 20-0446324
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $456,363,899
- Income (IRS master file)
- $65,696,516
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $65,543,936 | $66,681,641 | $456,363,899 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $69,201,248 | $62,260,221 | $416,219,260 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $46,900,631 | $54,637,574 | $437,931,521 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 20-0446324).
Questions about CINCINNATI CENTER CITY DEVELOPMENT CORPORATION
- What is the EIN of CINCINNATI CENTER CITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CINCINNATI CENTER CITY DEVELOPMENT CORPORATION is 20-0446324.
- Is CINCINNATI CENTER CITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to CINCINNATI CENTER CITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CINCINNATI CENTER CITY 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 CINCINNATI CENTER CITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CINCINNATI CENTER CITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CINCINNATI CENTER CITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names TIMOTHY SZILASI.
- Who are the officers and directors of CINCINNATI CENTER CITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 40 people; 9 received compensation from the organization, the highest $654,496 (STEPHEN G LEEPER, PRESIDENT & CEO).
- How much revenue does CINCINNATI CENTER CITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $65,543,936, expenses of $66,681,641 and total assets of $456,363,899 at year end.
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