Capitol South Community Urban Redevelopment Corporation
Nonprofit profile at a glance
- EIN
- 310868417
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Columbus, OH, USA
- Phone
- 6145455042
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $9,320,217
- Expenses
- $11,749,428
- Assets
- $28,304,463
- Liabilities
- $1,922,237
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- GREG DAVIES (CEO)
- AMY TAYLOR (PRESIDENT)
Highest reported compensation
- AMY TAYLOR (PRESIDENT): $696,730 total reported compensation
- GREG DAVIES (CEO): $679,210 total reported compensation
- MATTHEW LUTZ (ASST SECRETARY/GENERAL COUNSEL): $360,962 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes for which the corporation is formed are exclusively charitable and educational.
What it reported doing in 2024
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 was completed in 2024.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 o.beginning 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 2024.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.1%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.1%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 2.41; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: -3.1% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -3.9% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.1% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $10.6M in reported program spending
- Leadership: top reported pay $697K · 24 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $1.9M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 22/100.