2023-11-14T16:07:57-06:00 2022-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2022-01-01 310868417 CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION CAPI 6145455042 150 SOUTH FRONT STREET 210 COLUMBUS OH 432153416 JOSEPH SCHUELER CFO 6145455042 2023-11-06 JOSEPH SCHUELER 999009999 0 KATHY M MOSELEY P00116760 6142211120 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREG DAVIES 150 SOUTH FRONT STREET 210 COLUMBUS OH 432153416 13519744 0 X N/A X 1974 OH SEE SCHEDULE O 14 14 27 17 0 0 61342 113462 27029429 13204483 65661 102058 265571 97753 27422003 13517756 3584193 0 0 0 2773174 1659375 0 0 0 27679285 14682554 34036652 16341929 -6614649 -2824173 40052734 34021751 5696956 2889778 34355778 31131973 X THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL. 0 0 5328526 0 6785991 MANAGEMENT OF PUBLIC PARKING GARAGES AND AN ATTACHED RETAIL CENTER. 3638928 0 166408 THE COLUMBUS COMMONS PARK HAD A CLOSER-TO-NORMAL EVENT SEASON IN 2022 AFTER THE COVID-19 PANDEMIC REDUCED THE NUMBER OF EVENTS IN 2020 AND 2021. THE PARK PROVIDES A VARIETY OF EVENTS FOR THE COMMUNITY TO ENJOY, WITH THE MAJORITY OF THEM BEING FREE AND OPEN TO ALL. IN ADDITION TO EVENTS, THE PARK DRAWS PEOPLE DOWNTOWN WITH FREE CAROUSEL RIDES AND TWO ONSITE CAFES, WHICH SUPPORTS THE ONGOING DEVELOPMENT OF DOWNTOWN COLUMBUS. 6426039 0 6252084 IN 2017, CAPITOL SOUTH SUBSTANTIALLY COMPLETED CONSTRUCTION OF A PARK AND UNDERGROUND PARKING GARAGE ON THE SCIOTO PENINSULA. THE GARAGE OPENED IN NOVEMBER 2017, AND THE PARK CELEBRATED ITS GRAND OPENING ON JUNE 7, 2018. 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 THE SERVE THE SCIOTO PENINSULA DEVELOPMENT. CONSTRUCTION OF THE GARAGES CONTINUED THOUGH OUT 2021. THE GARAGES OPENED TO THE PUBLIC IN 2022.SEE SCHEDULE O.DURING 2021, CAPITOL SOUTH CONTRIBUTED $3,584,193 OF ITS DOWNTOWN HOUSING INCENTIVE FUND TO CDDC IN ORDER 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 IS EXPECTED TO OPEN IN THE FALL OF 2023.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 IN AN EFFORT TO ACTIVATE THE AREA AFTER THE COVID PANDEMIC. THESE SERVICES CONTINUED IN 2022. DOWNTOWN HOUSING INCENTIVE FUND (PROVIDED "GAP" FINANCING TO DOWNTOWN RESIDENTIAL DEVELOPERS). CURRENTLY ORIGINATING NO NEW LOANS. 15393493 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 X 46 0 1 27 1 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X GREG DAVIES PRESIDENT & CEO 6145454700 150 S FRONT ST STE 210 COLUMBUS OH 43215 ALEX FISCHER BOARD MEMBER/CHAIR 0.30 0.30 X X 0 0 0 TIM ROBINSON BOARD MEMBER/VICE CHAIR 0.30 0.30 X X 0 0 0 DONALD BROWN BOARD MEMBER/TREASURER 0.30 0.30 X X 0 0 0 SANDY DOYLE-AHERN BOARD MEMBER/SECRETARY 0.30 0.30 X X 0 0 0 CHRISTIE ANGEL BOARD MEMBER 0.30 0.30 X 0 0 0 FREDERIC BERTLEY BOARD MEMBER 0.30 0.30 X 0 0 0 BRUCE A SOLL BOARD MEMBER 0.30 0.30 X 0 0 0 DR STEPHEN MARKOVICH BOARD MEMBER 0.30 0.30 X 0 0 0 JEFFREY EDWARDS BOARD MEMBER 0.30 0.30 X 0 0 0 BRIAN ELLIS BOARD MEMBER 0.30 0.30 X 0 0 0 JULIE SLOAT BOARD MEMBER 0.30 0.30 X 0 0 0 HEATHER BRILLIANT BOARD MEMBER 0.30 0.30 X 0 0 0 SUE ZAZON BOARD MEMBER 0.30 0.30 X 0 0 0 MATT SCANTLAND BOARD MEMBER 0.30 0.30 X 0 0 0 MICHAEL COLEMAN BOARD MEMBER (TERM 2022) 0.00 0.00 X 0 0 0 ABIGAIL WEXNER BOARD MEMBER (TERM 2022) 0.00 0.00 X 0 0 0 KRISTINA JOHNSON BOARD MEMBER (TERM 2022) 0.30 0.30 X 0 0 0 MATTHEW LUTZ ASST. SECRETARY/GENERAL CO 22.50 27.50 X 129887 158751 28657 AMY E TAYLOR COO/PRESIDENT 22.50 27.50 X 173509 212067 18477 GREGORY J DAVIES CEO 22.50 27.50 X 151500 185166 37497 JOSEPH SCHUELER CFO 22.50 27.50 X 119012 145459 38307 MARK BARGO DIRECTOR OF CONSTRUCTION 22.50 27.50 X 68804 84094 7300 ASHLEY J MYERS DIRECTOR OF COLUMBUS COMMO 22.50 27.50 X 60902 74436 29849 COLETTA A BLACK DIRECTOR OF ADMINISTRATION 22.50 27.50 X 50908 62221 21904 EMILYN AGUILAR HALL ACCOUNTING MANAGER 22.50 27.50 X 51914 63451 10622 JOSEPH JOHN MOLLICA DIRECTOR OF REAL ESTATE/SR COUNSEL 22.50 27.50 X 58980 72086 15044 GUY V WORLEY FORMER PRESIDENT & CEO 0.00 0.00 X 499391 610366 0 1364807 1668097 207657 5 1 1 0 LAZ KARP ASSOCIATES LLC DBA LAZ PARKING ONE FINANCIAL PLAZA FLOOR 14 HARTFORD CT 06103 PARKING FACILITY MANAGEMENT 1019596 COLUMBUS ARCHITECTURAL STUDIO 405 N FRONT ST COLUMBUS OH 43215 ARCHITECTURAL SERVICES 170505 2 113462 113462 3RD STREET RETAIL & GARAGE 531390 6785991 6785991 CONTRACT REVENUE 812930 6252084 6252084 PROGRAM FEES/COLUMBUS COMMONS 713990 166408 166408 13204483 104046 104046 1988 -1988 -1988 -1988 MISCELLANEOUS REVENUE 812930 97753 97753 97753 13517756 13204483 0 199811 1138644 797051 341593 237466 156899 80567 44485 35588 8897 98960 79168 19792 139820 97455 42365 58508 58508 26700 26700 36000 36000 607059 605126 1933 119686 76409 43277 62861 4106 58755 51792 515 51277 63542 63542 9934 9934 2828299 2792130 36169 143453 117516 25937 REDEVELOPMENT 5868329 5868329 PARKING GARAGE EXPENSES 3206385 3206385 COLUMBUS COMMONS PROGRA 1556555 1556555 OTHER EXPENSES 23850 261 23589 19601 19601 16341929 15393493 948436 0 6766910 6009721 3923928 1094973 238628 481188 191939 190114 79282115 58820479 23054715 20461636 3929893 3143172 1415455 1382727 531266 1258220 40052734 34021751 5085260 2511248 80430 32559 531266 0 345971 5696956 2889778 X 34355778 31131973 34355778 31131973 40052734 34021751 -2824173 -399632 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 X 1 7.22 0 1 0 1 0 0 0 531266 531266 0 0 74127785 54854489 19273296 45645 40719 4926 2759676 2254879 504797 2349009 1670392 678617 20461636 OPERATING LEASE LIABILITIES 345971 345971 X 13120112 -399632 1988 -397644 13517756 0 13517756 16343917 1988 1988 16341929 0 16341929 PART II, LINE 9: THE CONSERVATION EASEMENT WAS ACQUIRED IN 2019 AND IS REPORTED AS AN INTANGIBLE ASSET ON THE ORGANIZATION'S BALANCE SHEET. THE AMORTIZATION IS ON A STRAIGHT-LINE BASIS THROUGH 2065, CORRESPONDING WITH THE NVMMH PART IV, LINE 2B: THE ACCOUNTS WERE LISTED UNDER FUNDS HELD FOR OTHER ORGANIZATIONS AS BOTH AN ASSET AND A LIABILITY. CAPITOL SOUTH MANAGED THREE PARKING GARAGES FOR THE CITY OF COLUMBUS AND WAS PAID A MANAGEMENT FEE FOR THOSE MANAGEMENT SERVICES. IT DID HAVE SIGNATORY AUTHORITY OVER THE PARKING RECEIPTS ACCOUNTS AND PAID A PARKING OPERATOR FOR SERVICES OUT OF THOSE RECEIPTS BEFORE REMITTING THOSE FUNDS TO THE CITY. THIS ARRANGEMENT WAS TERMINATED IN 2022 AND THE REMAINING FUNDS WERE RETURNED TO THE CITY OF COLUMBUS. PART X, LINE 2: CAPITOL SOUTH HAS ADOPTED THE PROVISIONS OF THE FASB ACCOUNTING STANDARDS CODIFICATION RELATING TO UNCERTAIN TAX POSITIONS. CAPITOL SOUTH ANNUALLY EVALUATES TAX POSITIONS WHICH INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS CAPITOL SOUTH TAKES WITH REGARD TO UNRELATED BUSINESS INCOME, RELATED DEDUCTIONS APPLIED OR OTHER ACTIVITIES THAT MAY JEOPARDIZE THEIR TAX EXEMPT STATUS, WOULD MEET THE DEFINITION OF UNCERTAIN TAX POSITION. NO TAX ACCRUAL WAS RECORDED AS MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE REPORTED AS REVENUE ON 990, EXPENSE ON AFS 1,988. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE REPORTED AS REVENUE ON 990, EXPENSE ON AFS 1,988. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 GUY V WORLEY FORMER PRESIDENT & CEO 0 0 0 0 499391 610366 0 0 0 0 499391 610366 0 0 AMY E TAYLOR COO/PRESIDENT 139196 170129 29250 35750 5063 6188 7811 9546 532 588 181852 222201 0 0 GREGORY J DAVIES CEO 105600 129066 40500 49500 5400 6600 6699 8188 10196 12414 168395 205768 0 0 MATTHEW LUTZ ASST. SECRETARY/GENERAL CO 123603 151070 6284 7681 0 0 5853 7153 7068 8583 142808 174487 0 0 JOSEPH SCHUELER CFO 113295 138471 5717 6988 0 0 7053 8620 10208 12426 136273 166505 0 0 ASHLEY J MYERS DIRECTOR OF COLUMBUS COMMO 56440 68983 2977 3638 1485 1815 3346 4089 10098 12316 74346 90841 0 0 MARK BARGO DIRECTOR OF CONSTRUCTION 68804 84094 0 0 0 0 1375 1681 1916 2328 72095 88103 0 0 PART I, LINE 1A SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION. THE DEVELOPMENT ACTIVITIES OF THE ORGANIZATION REQUIRE EXTENSIVE COOPERATION AND COORDINATION OF PUBLIC AND PRIVATE SUPPORT FOR SUCCESSFUL DOWNTOWN ECONOMIC REDEVELOPMENT. BREAKFAST AND LUNCH MEETINGS ARE THE OPTIMUM WAY TO SCHEDULE SCARCE TIME TO CONFIDENTIALLY DISCUSS COOPERATIVE PROJECT ACTIVITIES. THE BOARD SUGGESTED MEMBERSHIP IN THE SOCIAL CLUBS TO FACILITATE NECESSARY MEETINGS WITH BUSY EXECUTIVES. PART I, LINE 4A IN 2021, GUY V. WORLEY RETIRED FROM THE ORGANIZATION AND ENTERED INTO A SEPARATION AGREEMENT WITH THE COMPANY. MR. WORLEY WAS PAID HIS STANDARD SALARY AND BENEFITS THROUGH MAY 31, 2021. MR. WORLEY'S COMPENSATION IN BOX B(III) REPRESENTS PAYMENTS MADE IN 2022 RELATED TO HIS SEPARATION AGREEMENT. GREGORY JAMES DAVIES OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 159085 343350 0 1 1 AMY E TAYLOR OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 79543 137838 0 1 1 481188 SCHEDULE L, PART II IN 2021, CAPITOL SOUTH ESTABLISHED A SPLIT DOLLAR LIFE INSURANCE PROGRAM FOR THE BENEFIT OF TWO OF ITS EXECUTIVES, GREG DAVIES AND AMY TAYLOR. UNDER THIS PROGRAM, CAPITOL SOUTH FUNDS LIFE INSURANCE POLICIES FOR THE EXECUTIVES OR THEIR SPOUSES THROUGH THE PAYMENT OF ANNUAL AND BIWEEKLY PREMIUMS. PER THE AGREEMENT, CAPITOL SOUTH WILL MAKE ANNUAL AND BIWEEKLY PREMIUMS PAYMENTS FOR THE THREE YEARS BEGINNING JUNE 14, 2021. THE PREMIUMS PAID ARE TREATED AS A LOAN TO THE EMPLOYEE, WITH PRINCIPAL AND INTEREST BEING REPAID TO CAPITOL SOUTH UPON THE EMPLOYEE'S DEATH. THE LOANS ARE COLLATERALIZED BY THE CASH SURRENDER VALUE OF THE RESPECTIVE LIFE INSURANCE POLICIES. CAPITOL SOUTH HAS AN AGREEMENT WITH CDDC TO SHARE IN THE FUNDING OF THIS PROGRAM. THE TOTAL VALUE OF THE LOANS OUTSTANDING WAS $1,016,278 AT DECEMBER 31, 2022. CDDC'S SHARE OF THE LOANS WAS $535,090. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO SERVE A PUBLIC PURPOSE AND SEEK THE IMPROVEMENT OF URBAN CONDITIONS, INCLUDING WITHOUT LIMITATION THE ELIMINATION OF URBAN BLIGHT, THROUGH DIRECT AND INDIRECT PARTICIPATION IN ACTIVITIES RELATING TO DEVELOPMENT, REDEVELOPMENT, AND OTHER PROJECTS LOCATED IN (I) THE GEOGRAPHIC AREA LOCATED IN THE CITY OF COLUMBUS, OHIO, THAT IS BOUNDED GENERALLY ON THE NORTH BY ROUTE 670, ON THE EAST BY ROUTE 71, ON THE SOUTH BY ROUTE 70 AND ON THE WEST BY THE RAILROAD PROPERTIES AND RIGHTS OF WAY SEPARATING FRANKLINTON FROM THE SCIOTO PENINSULA, AND (II) SUCH OTHER GEOGRAPHIC AREAS AS SHALL BE APPROVED FROM TIME TO TIME, BY THE CITY COUNCIL OF THE CITY OF COLUMBUS, OHIO. THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, (A) COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY, (B) LESSENING THE BURDENS OF GOVERNMENT, AND (C) MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS A EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW) AND (II) AGREE TO APPLY SUCH DISTRIBUTIONS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES IN FRANKLIN COUNTY, OHIO. FORM 990, PART V, LINES 2A & 2B: CAPITOL SOUTH CONTRACTS WITH RESOURCING EDGE, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) TO PERFORM WORKFORCE MANAGEMENT SERVICES INCLUDING PAYROLL SERVICES, ADMINISTRATION OF BENEFIT AND WORKERS' COMPENSATION PLANS AND MANAGEMENT OF HUMAN RESOURCE PROCESSES. THE PEO IS THE EMPLOYER OF RECORD FOR THE EMPLOYEES WORKING FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 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. FORM 990, PART VI, SECTION B, LINE 11B 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 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15 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. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORMS 1024 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS AN AUDIT REVIEW COMMITTEE 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. CAPITOL SOUTH ASSOCIATION 150 SOUTH FRONT STREET STE 210 COLUMBUS OH 43215 310886552 INACTIVE OH 501(C)(3) LINE 7 CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION 0 COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION 150 SOUTH FRONT STREET STE 210 COLUMBUS OH 43215 760704655 DOWNTOWN DEVELOPMENT OH 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION K 70105 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION N 202005 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION O 1236210 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION S 395200 ACCRUAL BASIS COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION C 20000 ACCRUAL BASIS