Nonprofit · EIN 76-0704655
COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION
Tax-exempt · COLUMBUS, OH 43215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,677,402 | $24,473,669 | $16,203,733 | $150,540,299 | $23,565,798 | $126,974,501 |
| December 31, 2023 | 990 | $21,773,882 | $22,386,898 | -$613,016 | $134,517,092 | $24,192,747 | $110,324,345 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $29,958,341
- of which government grants
- $29,531,558
- Program service revenue
- $9,732,533
- Investment income
- $1,023,377
- Net rental income
- -$41,143
- Other revenue
- -$36,849
Expenses
- Grants and similar amounts paid
- $632,353
- Compensation of officers, directors and key employees
- $1,052,347
- Other salaries and wages
- $1,071,240
- Salaries, compensation and benefits (total)
- $2,440,446
- Professional fundraising fees
- $0
- Legal fees
- $229,294
- Accounting fees
- $51,610
- Occupancy
- $480,942
- Travel
- $56,101
- Depreciation
- $3,899,370
- Program services (functional)
- $23,533,554
- Management and general (functional)
- $940,115
Balance sheet and other
- Total assets, start of year
- $134,517,092
- Total assets, end of year
- $150,540,299
- Total liabilities, end of year
- $23,565,798
- Net assets, end of year
- $126,974,501
- Land, buildings and equipment
- $111,358,181
- Publicly traded securities
- $2,073,113
- Net assets without donor restrictions
- $115,282,345
- Net assets with donor restrictions
- $11,692,156
- Gross receipts
- $41,287,377
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2002
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AMY TAYLOR | PRESIDENT Officer | 25 | $336,900 | $336,900 | $22,930 |
| GREG DAVIES | CEO Officer | 25 | $315,322 | $315,322 | $48,566 |
| MATTHEW LUTZ | ASST SECRETARY/GENERAL COUNSEL Officer | 25 | $162,708 | $162,708 | $35,546 |
| JOSEPH SCHUELER | CFO Key employee | 25 | $147,214 | $147,214 | $44,710 |
| JOSEPH JOHN MOLLICA | PROJECT COUNSEL Highest-paid employee | 50 | $158,671 | $0 | $18,780 |
| ASHLEY MYERS | DIRECTOR OF COLUMBUS COMMONS Highest-paid employee | 25 | $81,671 | $81,671 | $9,462 |
| MADISON ANN COLE | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 25 | $61,978 | $61,978 | $35,352 |
| COLETTA A BLACK | DIRECTOR OF ADMINISTRATION Highest-paid employee | 25 | $61,767 | $61,767 | $25,886 |
| EMILYN HALL | DIRECTOR OF ACCOUNTING Highest-paid employee | 25 | $66,965 | $66,965 | $13,078 |
| ALEX FISCHER | BOARD MEMBER/CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| TIM ROBINSON | BOARD MEMBER/VICE CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| SANDY DOYLE-AHERN | BOARD MEMBER/SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| DR STEPHEN MARKOVICH | BOARD MEMBER/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| CHRISTIE ANGEL | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| FREDERIC BERTLEY | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE A SOLL | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JEFFREY EDWARDS | BOARD MEMBER Trustee or director | 0.3 | $0 |
| BRIAN ELLIS | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JULIE SLOAT | BOARD MEMBER Trustee or director | 0.3 | $0 |
| HEATHER BRILLIANT | BOARD MEMBER Trustee or director | 0.3 | $0 |
| SUE ZAZON | BOARD MEMBER Trustee or director | 0.3 | $0 |
| MATT SCANTLAND | BOARD MEMBER Trustee or director | 0.3 | $0 |
| TED CARTER | BOARD MEMBER (BEGIN 2024) Trustee or director | 0.3 | $0 |
| TRACI MARTINEZ | BOARD MEMBER (BEGIN 2024) Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AMY E TAYLOR | COO/PRESIDENT Officer | 27.5 | $283,258 | $283,258 | $22,450 |
| GREGORY J DAVIES | CEO Officer | 27.5 | $243,869 | $243,869 | $44,890 |
| MATTHEW LUTZ | ASST. SECRETARY/GENERAL CO Officer | 27.5 | $159,339 | $159,339 | $33,102 |
| JOSEPH SCHUELER | CFO Key employee | 27.5 | $145,730 | $145,730 | $43,062 |
| ASHLEY J MYERS | DIRECTOR OF COLUMBUS COMMO Highest-paid employee | 27.5 | $73,918 | $73,918 | $34,358 |
| JOSEPH JOHN MOLLICA | DIRECTOR OF REAL ESTATE/SR Highest-paid employee | 27.5 | $155,294 | $0 | $17,959 |
| COLETTA A BLACK | DIRECTOR OF ADMINISTRATION Highest-paid employee | 27.5 | $61,262 | $61,262 | $24,806 |
| MADISON ANN COLE | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 27.5 | $60,517 | $60,517 | $20,044 |
| EMILYN AGUILAR HALL | ACCOUNTING MANAGER Highest-paid employee | 27.5 | $63,492 | $63,492 | $12,534 |
| ALEX FISCHER | BOARD MEMBER/CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| TIM ROBINSON | BOARD MEMBER/VICE CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| DONALD BROWN | BOARD MEMBER/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| SANDY DOYLE-AHERN | BOARD MEMBER/SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| CHRISTIE ANGEL | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| FREDERIC BERTLEY | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| BRUCE A SOLL | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| DR STEPHEN MARKOVICH | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| JEFFREY EDWARDS | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| BRIAN ELLIS | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| JULIE SLOAT | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| HEATHER BRILLIANT | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| SUE ZAZON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| MATT SCANTLAND | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 S FRONT ST STE 210, COLUMBUS, OH 43215-7105
- In care of
- % THOMAS E HOAGLIN
- Principal officer (990 for 2024)
- GREG DAVIES, 150 SOUTH FRONT STREET 210, COLUMBUS, OH 432153416
- Signed the 990
- JOSEPH SCHUELER, CFO
- Phone
- (614) 545-5042
- Return prepared by
- GBQ PARTNERS LLC
Mission
PLANNING, DEVELOPMENT, AND MANAGEMENT OF PROJECTS FOR THE REVITALIZATION OF DOWNTOWN COLUMBUS. PLEASE SEE PART I, LINE 1 AND SCHEDULE O FOR CONTINUATION OF THE SIGNIFICANT ACTIVITIES STATEMENT.
Program accomplishments
- CDDC CONTINUES WITH THE IMPLEMENTATION OF THE 2010 STRATEGIC BUSINESS PLAN DEVELOPED WITH COMMUNITY INPUT AND PROMULGATED BY THE MAYOR AND CITY COUNCIL. THESE EFFORTS INCLUDE THE RENOVATION OF A FORMER DOWNTOWN DEPARTMENT STORE INTO PREMIER OFFICE AND RETAIL SPACE, DEVELOPMENT OF DOWNTOWN PARKS THROUGH THE OVERSIGHT OF THE SCIOTO MILE PARK AND THE SCIOTO GREENWAYS PROJECT, THE CONSTRUCTION OF A NEW NATIONAL VETERANS MEMORIAL AND MUSEUM AND THE DEVELOPMENT OF THE DOWNTOWN SCIOTO PENINSULA. IN NOVEMBER 2018, CDDC'S SUBSIDIARY SP HOLDINGS ENTERED INTO SEPARATE PURCHASE, SALE AND DEVELOPMENT AGREEMENTS WITH THREE DEVELOPERS FOR DEVELOPMENT SITES ON SCIOTO PENINSULA PROPERTY THE CORPORATION AND SP HOLDINGS ARE LEASING FROM THE CITY. SEE SCHEDULE O.THE SALES OF THESE SITES WERE COMPLETED IN SEPTEMBER 2020. THE DEVELOPERS OF THE PHASE 1 OFFICE, HOTEL AND RESIDENTIAL SITES STARTED CONSTRUCTION IN 2021. THE PHASE 1 OFFICE SITE OPENED IN 2022, WHILE THE RESIDENTIAL AND HOTEL SITES OPENED IN 2023. PLANNING AND DEVELOPMENT OF THE REMAINING COMPONENTS OF THE SCIOTO PENINSULA MASTER PLAN CONTINUED INTO 2024, WITH ANNOUNCEMENTS FOR PHASE 2 EXPECTED IN 2025. IN RESPONSE TO A PRIORITY IDENTIFIED BY THE CITY OF COLUMBUS, CDDC ACQUIRED .72 ACRES OF LAND AT 497 EAST TOWN STREET IN DOWNTOWN COLUMBUS IN FEBRUARY 2021. CDDC IS DEVELOPED A 98 UNIT AFFORDABLE AND WORKFORCE HOUSING PROJECT, TOPIARY PARK CROSSING, ON THE SITE. THE PROJECT WAS FUNDED THROUGH A COMMERCIAL REAL ESTATE LOAN, GRANTS FROM THE CITY OF COLUMBUS AND CAPITOL SOUTH AND AN EQUITY INVESTMENT FROM THE CORPORATION. CONSTRUCTION OF THE FACILITY STARTED IN 2022. THE FACILITY OPENED IN FALL OF 2023.IN 2021, THE CITY OF COLUMBUS REQUESTED CDDC TO LEAD THE DEVELOPMENT OF A NEW DOWNTOWN STRATEGIC PLAN. CDDC ENGAGED CONSULTANTS AND HAS SCHEDULED A SERIES OF PUBLIC FORUMS IN 2022 IN ORDER TO RECEIVE INPUT FROM DOWNTOWN STAKEHOLDERS AND THE GENERAL PUBLIC. THE FINAL PLAN WAS ISSUED IN LATE 2022. IMPLEMENTATION OF THE 2022 DOWNTOWN STRATEGIC PLAN CONTINUED INTO 2024 AND BEYOND.IN 2022, CDDC AND THE CITY OF COLUMBUS ENTERED INTO A GRANT AGREEMENT WHICH PROVIDED CDDC THE FUNDING FOR THE PURCHASE OF THE DOWNTOWN YMCA AND THE PURCHASE OR RENOVATION OF OTHER REAL PROPERTY ASSETS IN DOWNTOWN COLUMBUS. CDDC ENTERED INTO A PURCHASE AND SALE AGREEMENT FOR THE YMCA IN OCTOBER 2022, WITH CLOSING OCCURRING ON FEBRUARY 4, 2025.IN DECEMBER 2022, CDDC ENTERED INTO AN AGREEMENT WITH THE CITY OF COLUMBUS FOR THE RE-DESIGN AND RECONSTRUCTION OF THE SCIOTO MILE FOUNTAIN. CDDC RECEIVED A GRANT FROM THE CITY FOR HALF OF THE EXPECTED PROJECT COST. CONSTRUCTION COMMENCED IN 2023 AND A GRAND RE-OPENING OF THE FOUNTAIN TO THE PUBLIC WAS HELD IN MAY 2024.IN 2024, THE CORPORATION LAUNCHED THE GROUND FLOOR GROWTH PROGRAM TO SUPPORT SMALL RETAIL BUSINESSES IN THE CORE OF DOWNTOWN COLUMBUS. UNDER THIS PROGRAM, GFG ENTERS INTO LEASES FOR UNUSED STOREFRONTS AND SUBLETS THE PREMISES TO RETAILERS SELECTED BY THE CITY, THE CORPORATION AND THE LANDLORDS. THE CITY PROVIDES THE FUNDING TO SUPPORT THE BUILDOUT OF RETAIL SPACES AND RENT SUBSIDIES FOR THE RETAILERS. ADDITIONAL PHASES OF THE PROGRAM ARE EXPECTED IN FUTURE YEARS.IN 2024, CDDC AND THE CITY OF COLUMBUS ANNOUNCED PLANS FOR THE CAPITAL LINE, ENVISIONED AS A PEDESTRIAN FRIENDLY URBAN PATHWAY CONNECTING VARIOUS DOWNTOWN ATTRACTIONS AND AMENITIES. THE INITIAL PHASE OF THIS PROJECT IS BEING FUNDED BY A $10,000,000 GRANT FROM THE STATE OF OHIO. CONSTRUCTION IS EXPECTED TO START IN LATE 2025.IN 2024, CDDC AND THE CITY OF COLUMBUS BEGAN COLLABORATING ON THE CREATION OF A DOWNTOWN SECURITY CENTER (DSC). LOCATED IN THE LAZARUS BUILDING, THE DSC WILL SERVE AS A COLLECTION POINT FOR CAMERA FEEDS ACROSS DOWNTOWN, WHILE ALSO PROVIDING A HEADQUARTERS FOR SECURITY OPERATIONS FOR THE LAZARUS BUILDING, COLUMBUS COMMONS, COLUMBUS COMMONS GARAGES AND THE SCIOTO MILE. CDDC RECEIVED A $1,500,000 GRANT FROM THE STATE OF OHIO FOR THIS PROJECT.ON DECEMBER 18, 2024, CDDC PURCHASED 3 DOWNTOWN LEGACY OFFICE BUILDINGS FROM HUNTINGTON NATIONAL BANK. THE PURCHASE WAS FINANCED THROUGH A GRANT RECEIVED FROM THE RIVERSOUTH AUTHORITY. THE CITY OF COLUMBUS HAS AGREED TO LEASE THE ENTIRE 37 WEST BROAD BUILDING. THIS LEASE IS EXPECTED TO BE FINALIZED BY MID-2025. THE CORPORATION IS EVALUATING THE BEST USE OF THE 17 AND 21 BUILDINGS.Expenses $23,533,554 · grants $632,353 · revenue $9,732,533
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
- 76-0704655
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $150,540,299
- Income (IRS master file)
- $41,287,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $40,677,402 | $24,473,669 | $150,540,299 | XML |
| 990 | December 2023 | $21,773,882 | $22,386,898 | $134,517,092 | XML |
| 990 | December 2022 | $21,128,443 | $14,664,270 | $124,783,991 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 76-0704655).
Questions about COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION
- What is the EIN of COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION is 76-0704655.
- Is COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLUMBUS DOWNTOWN 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 COLUMBUS DOWNTOWN 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 COLUMBUS DOWNTOWN 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 COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names GREG DAVIES.
- Who are the officers and directors of COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 9 received compensation from the organization, the highest $336,900 (AMY TAYLOR, PRESIDENT).
- How much revenue does COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,677,402, expenses of $24,473,669 and total assets of $150,540,299 at year end.
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