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Nonprofiteer
← THE CENTRAL OHIO COMMUNITY IMPROVEMENT CORPORATION

Form 990 for tax year 2023

Filed by THE CENTRAL OHIO COMMUNITY IMPROVEMENT CORPORATION.

Totals

Total revenue
$18,148,092
Total expenses
$16,272,234
Contributions and grants received
$14,066,964
Grants paid
$141,771
Program service revenue
$86,117
Investment income
$57,463
Other revenue
$3,937,548
Total assets, end of year
$15,849,163
Total liabilities, end of year
$7,041,768
Net assets or fund balances, end of year
$8,807,395
Program services expenses (Part IX)
$15,619,720
Management and general expenses
$652,514
Fundraising expenses
$0
Program service expenses (Part III)
$15,619,720

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $14,066,964

  • 2a · Program service revenue: Service Income

    total $86,117 · related or exempt $86,117

  • 3 · Investment income

    total $57,463 · related or exempt $57,463

  • 6a · Gross rents

    real property $25,542

  • 6c · Rental income or loss

    real property $25,542

  • 6d · Net rental income or loss

    total $25,542 · related or exempt $25,542

  • 11a · Other revenue: Demolition Recovery

    total $2,008 · related or exempt $2,008

  • 11b · Other revenue: DTAC Income

    total $3,856,464 · related or exempt $3,856,464

  • 11c · Other revenue: Subsidies

    total $50,000 · related or exempt $50,000

  • 11d · All other revenue

    total $3,534 · related or exempt $3,534

  • 11e · Other revenue, total

    $3,912,006

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,771 · program services $141,771

  • 5 · Compensation of officers, directors and key employees

    total $393,894 · management and general $393,894

  • 7 · Other salaries and wages

    total $741,659 · program services $741,659

  • 8 · Pension plan contributions

    total $44,000 · management and general $44,000

  • 9 · Other employee benefits

    total $249,788 · program services $249,788

  • 10 · Payroll taxes

    total $72,850 · program services $72,850

  • 11b · Fees: legal

    total $106,038 · program services $56,777 · management and general $49,261

  • 11c · Fees: accounting

    total $15,428 · management and general $15,428

  • 11g · Fees: other

    total $245,297 · program services $245,297

  • 13 · Office expenses

    total $80,599 · management and general $80,599

  • 16 · Occupancy

    total $101,542 · program services $72,059 · management and general $29,483

  • 19 · Conferences, conventions and meetings

    total $25,993 · management and general $25,993

  • 22 · Depreciation, depletion and amortization

    total $57,774 · program services $43,918 · management and general $13,856

  • 23 · Insurance

    total $118,537 · program services $118,537

  • 24a · Other expenses: Program Services

    total $529,308 · program services $529,308

  • 24b · Other expenses: Demo and Remediation

    total $13,059,618 · program services $13,059,618

  • 24c · Other expenses: Other Expenses

    total $288,138 · program services $288,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,466,924 · end of year $3,333,035

  • 4 · Accounts receivable

    beginning of year $305,854 · end of year $3,383,009

  • 7 · Other notes and loans receivable

    beginning of year $305,698 · end of year $678,037

  • 8 · Inventories for sale or use

    beginning of year $1,066,102 · end of year $1,064,340

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,140 · end of year $102,267

  • 10a · Land, buildings and equipment: cost or other basis

    $7,636,873

  • 10b · Land, buildings and equipment: accumulated depreciation

    $348,835

  • 10c · Land, buildings and equipment, net

    beginning of year $5,379,671 · end of year $7,288,038

  • 14 · Intangible assets

    beginning of year $125 · end of year $125

  • 15 · Other assets

    beginning of year $312 · end of year $312

  • 17 · Accounts payable and accrued expenses

    beginning of year $267,949 · end of year $1,982,249

  • 19 · Deferred revenue

    beginning of year $66,439 · end of year $43,084

  • 23 · Secured mortgages and notes payable

    beginning of year $1,400,000 · end of year $1,300,000

  • 25 · Other liabilities

    beginning of year $216,418 · end of year $3,716,435

  • 27 · Net assets without donor restrictions

    beginning of year $10,669,020 · end of year $8,807,395

Mission and programs · 2023

Mission

To stabilize or increase property values in areas of Franklin County suffering from the effects of blighted, vacant, abandoned, tax-foreclosed or economically-stranded properties and to promote and facilitate rehabilitation, reutilization and return to productive status.

  • Demolition of Blighted Properties. Land reutilization activities involving the demolition, environmental remediation, or both, of blighted properties, sometimes involving the dispositon of the formerly blighted property either through a simple conveyance to a responsible party for re-use, typically with an expectation of a limited recovery of expenditures, or through the Blight Intervention/Strategic Reutilization Program.

    Expenses $14,328,250 · Revenue $13,912,982

  • Redevelopment of distressed Properties; Strategic Reutilization, Trusted Partners, Responsible Landlord. A land reutilization program, conducted in collaboration with local government, and often involving the strategic conveyance of formerly blighted properties to responsible parties for re-use, all while balancing the competing goals of maximizing future tax revenues and other public benefits with the recovery of expenditures from grant and disposition proceeds.

    Expenses $876,000 · Revenue $111,550

  • Landfill. A land reutilization project warranting special oversight and involving a major environmental remediation with the extenstion of the recovery dependent upon disposition after a long-term hold.

    Expenses $415,470 · Revenue $77,269

As filed on the 2023 return.

Listed in Part VII

  • Curtiss L Williams

    Executive Director

    Total calculated
    $386,462
    From this org
    $354,374
    From related orgs
    $0
    Other
    $32,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,374
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,500
    Nontaxable benefits
    $24,588
    Filer's total
    $386,462

  • Melissa Coleman

    Asst Secretary

    Total calculated
    $123,415
    From this org
    $98,827
    From related orgs
    $0
    Other
    $24,588
    Hours/week
    40

  • Jim Jewel

    Township Representative

    Total calculated
    $0
    Hours/week
    1

  • Michael Stevens

    City of Columbus Representati

    Total calculated
    $0
    Hours/week
    2

  • John OGrady

    Ex-Officio Member

    Total calculated
    $0
    Hours/week
    2

  • Erica Crawley

    Ex-Officio Member

    Total calculated
    $0
    Hours/week
    2

  • Kevin Boyce

    Ex-Officio Member

    Total calculated
    $0
    Hours/week
    2

  • Fred Ransier

    COCIC Vice Pres SecretaryTre

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Brooks-Sullivan

    Ex-Officio MemberCOCIC Chair

    Total calculated
    $0
    Hours/week
    2

  • Sadicka White

    Appointed DirectorCOCIC Vice

    Total calculated
    $0
    Hours/week
    1

  • Robert Weiler

    Appointed DirectorCOCIC Vice

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202422849349300337

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