Columbus Downtown Development

“The board has members who control or are employed by area financial institutions, law firms, consulting firms and various other business enterprises. Throughout the year, various officers, directors, trustees and key employees have business relations with these organizations in the normal course of their business and personal lives.”

“The form 990 is reviewed and approved by the cfo and president & ceo prior to its filing. Further, the form 990 is reviewed by the organization's audit & finance committee.”

“Board members are required to sign an annual acknowledgement they have read the conflict of interest policy and disclose any potential conflicts. The conflict of interest forms are distributed annually by the executive assistant to employees, management and board members for completion and signature. The executive assistant and the general counsel ensure all forms are returned and any potential conflicts are addressed.”

“The board determines the compensation of the organization's ceo. The board considers goals, accomplishments, compensation level of other local non-profit ceo's, and compensation history. Regarding the compensation of the key/highly compensated employees, the organization's ceo and president conduct a process similar to the one done by the board for them.”

“The organization's forms 1023 and 990 are available for public inspection upon request. Further, the organization's form 990 is available for public inspection through another's website, www.guidestar.org.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Cddc continues with the implemenation of the strategic business plan developed with community input and promulgated by the mayor and city council. These efforts include the renovation of a fomer 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 projects, the construction of a new national veterans memorial and museum and the development of the downtown scioto peninsula. In 2022, construction started on our first affordable housing project, topiary park crossing. Other recent revitalization projects include the purchase of 3 legacy office buildings from huntington national bank and a program to assist new downtown retailers, ground floor growth.”

“Through its related entity, capitol south, the organization contracts with resourcing edge, to perform workforce management services, including payroll services, administration of benefit and workers' compensation plans, and management of human resource processes.”

“Change in beneficial interest held by others 404,547.”

“Which oversees the audit process, ultimately approving the audited financial statements and presenting them to the board. This committee also coordinates the process for the selection of the independent accountant. This process remains unchanged from the prior year.”