2012 dci annual report

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ANNUAL REPORT 2012

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Results and information about Downtown Cincinnati Inc. during 2012.

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Page 1: 2012 DCI Annual Report

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ANNUAL REPORT

2012

Page 2: 2012 DCI Annual Report

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The results of the annual Downtown Perceptions Survey found that 73% of respondents believe downtown is overall safe, up 10 percentage points from 2011; 78% believe it is overall clean (+8%); and 90% have an overall positive impression about downtown (+10%).

Downtown continues to see growth in its residential community, with more than 13,400 now calling the Central Business District (CBD) and Over-the-Rhine home. For the first time, the Downtown Perceptions Survey was adapted for use by downtown residents. Of those surveyed, 96% had an overall positive opinion about downtown.

Downtown is a destination for dining and nightlife. Throughout 2012, 45 restaurants and bars opened, from Moerlein Lager House, CRAVE, Mahogany’s, and Ruth’s Chris Steak House at The Banks to Igby’s, Local’s Bar & Grill, and Panera Bread in the CBD. The opening of 21C Museum Hotel and its restaurant, Metropole, made Cincinnati the second city in the nation, outside of its home city of Louisville, to boast this award-winning brand.

Downtown was home base for 362 choirs from 64 countries during the 2012 World Choir Games, which received more than one billion media impressions globally.

cONTENTs

1 Letter to Stakeholders

2 Safe & Clean

4 Marketing & Communications

6 Stakeholder Services

8 Financials

12 Downtown Property Owners

15 DCI Members

16 DCI Board & Staff

96%of residents HAd An

oVerALL PositiVe oPinion ABoUt

doWntoWn

OVERALLAccOMPLIsHMENTs 2012

In 2013, Downtown Cincinnati is moving forward with a momentum like never before. We have proven ourselves on the world stage after successfully hosting tens of thousands of visitors during the 2012 World Choir Games, which has been praised as the most organized and supported event in the competition’s history.

Downtown continues to attract countless conferences, events, and businesses to our city, and our selection as host for the 2015 MLB All-Star Game is another testament to the success of our efforts. The strategic planning and steadfast dedication committed to rebuilding our Downtown is leaving lasting impressions. Combine this with the ever-increasing vibrancy of our Downtown neighborhood and Central Business District, and it is obvious that more and more people will get to experience what we have always known—Cincinnati is the place to be. The City of Cincinnati, DCI, and other civic groups keep this momentum going, and I am confident that 2013 will be another great year for Downtown Cincinnati.

Mayor Mark Mallory Honorary Board Chair

Page 3: 2012 DCI Annual Report

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Dear Friends,

If you look at the marketing materials for most downtown organizations, they feature words like LIVE-WORK-SHOP-PLAY- VISIT. In the case of downtown Cincinnati in 2012, there was great progress made in ALL of these areas, progress that can be “multiplied” by the word MORE and “powered” by enthusiastic supporters who create a vibrant and successful downtown Cincinnati.

ALL x MORE special people = Downtown cincinnati

Consider the following:

LIVE – 88 new residential units at the Reserve at 4th & Race, a waiting list for rentals at Current at The Banks, and a virtual sell-out in the Gateway Quarter. An overall 96% residential occupancy rate, with more development on the horizon, including the conversion of the 580 Building to mixed use.

WORK – Kao USA Inc., USB Ascent Group, Jedson Engineering, and Cadre Computer opened for business in 2012; renewed commitments from Thompson Hine, Insight Global, and Ekvall International, Ltd.

sHOP/DINE – A newly renovated Tiffany & Co. with a renewed commitment to downtown. More than 30 new restaurants, including Fusian, Mahogany’s at The Banks, Ruth’s Chris Steak House, and Panera Bread.

PLAY – Great new bars and restaurants such as Moerlein Lager House, Igby’s, Bakersfield, CRAVE, Local’s Bar & Grill, and Tin Roof. Beautiful green space at Smale Riverfront Park and Washington Park.

VIsIT – The phenomenal 2012 World Choir Games brought international guests and attention to Cincinnati. The new 21C Museum Hotel opened, renovations at The Cincinnatian, Hilton Netherland Plaza and Hyatt, and more hotels in development.

Downtown is the center of energy, development, and jobs for our region. From construction at dunnhumbyUSA Centre to the impressive Horseshoe Casino, to extensive development at The Banks and in Over-the-Rhine, to the renovation of iconic buildings such as the 580 Building, the Bartlett Building, 617 Vine, the Federal Reserve, and many more, downtown is indeed experiencing growth in ALL segments, and MORE of it.

All good things must come to an end and as of the 2013 DCI Annual Meeting, Jill Meyer will be stepping down as board chair. Jill has served as board chair for three years and has guided DCI, and downtown, through a remarkable period of growth.

She has helped build partnerships and collaborations and has led with an amazing combination of energy and grace. In a rare example of commitment, Jill and I have met almost every Tuesday morning to discuss the week ahead and issues at DCI. Jill is one of the most positive, affirmative people with whom I have ever worked. She brings wisdom and perspective to every issue and has been a central figure in the success of downtown, and DCI over the past three years.

We look forward to working with Jill in her new role as Immediate Past Chair. I know all of the board, staff, and membership of DCI join me in thanking Jill for her outstanding service and wish her well in every aspect of her future.

David Ginsburg

LETTER TO sTAKEHOLDERs

We are pleased that Downtown Cincinnati Inc. (DCI) plays a key, fundamental role in ensuring a safe, clean, and welcoming environment without which all of this development could not occur. As you will see in this Annual Report, not only are the “hard” measures good, but the perceptions are significantly improved among all segments of our community.

As his term draws to a close, we want to thank Mayor Mark Mallory for his vision, leadership and support during his eight years as mayor. He has been a steadfast supporter and advocate for downtown and has presided over an era of great progress and numerous ribbon-cuttings. We are especially pleased and honored to have Mayor Mallory as the keynote speaker at this year’s Annual Meeting.

We also thank Cincinnati City Council, Hamilton County Commissioners, and City and County staff for their hard work and outstanding partnership. Thank you to 3CDC for its ongoing contributions to the development of our city center. A special thanks also to Dan Lincoln and his team at the Cincinnati USA Convention & Visitors Bureau for their amazing leadership of the 2012 World Choir Games. Additionally, we are grateful to the Downtown Cincinnati Improvement District and the DCI board and members, who provide leadership, guidance and support for our center city. Finally, and most importantly, we thank the DCI staff and the DCI Ambassadors for their professionalism, spirit, tireless work, and passion for our mission.

All of these partners make downtown Cincinnati a unique and special location where

ALL x MORE special people = Downtown cincinnati

David Ginsburg Jill Meyer President and Board Chair Chief Executive Officer Downtown Cincinnati Inc. Downtown Cincinnati Inc. Member-in-Charge, Frost Brown Todd

Page 4: 2012 DCI Annual Report

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ProgrAm oBjectiVe: Maintain and enhance the safe, clean, and welcoming environment downtown.

OVERALL

73%feeL sAfe

doWntoWn

sAfE & cLEAN1. strategy: Improve safety and perception of safety downtown.

feeling safe DowntownAlmost half of the 1,712 who participated in the Annual Perceptions Survey now agree downtown is safe during late evening/overnight hours.

2011 2012Overall 63% 73% During business hours 90% 93%During early evening 75% 82% Police Visible 67% 73% Ambassadors Visible 48% 61%

–2012 Downtown Annual Perceptions Survey

DCI supplied funding and support to the Police Cadet Program, initiated by Chief James E. Craig. Through this new program, 40 teenagers gained on-the-job experience with an assigned student school resource officer, spending 30 hours offering assistance and learning about community policing.

DCI’s Social Service Outreach Coordinator made 6,251 contacts with clients, social service providers, landlords, etc. to help those less fortunate into permanent housing facilities. He placed 42 people in housing in 2012, and continues to work with the Mental Health Board, Pre-Trial Services, and UC hospital to develop protocols.

Page 5: 2012 DCI Annual Report

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3. strategy: Encourage pride in location and space.

DCI worked with local arts organizations and property owners and managers to coordinate the installation of artwork in vacant windows and storefronts throughout downtown in preparation for the 2012 World Choir Games.

DCI maintains 70 large sidewalk planters throughout the district, and changes the flowers seasonally.

2012 Ambassador Results• 833blockfacespowerwashedin1,486hours• 178,430poundsoftrashremoved• Weedsremovedon432blockfaces• 1,859instancesofgraffitiremoved• 16,219hospitalityassists• 1,048Ambassadorcontactswithaggressivepanhandlers and 3,661 with passive panhandlers

DCI issued 65 Virtual Block Watch email notifications regarding urgent safety topics and street closures to 800 subscribers.

DCI facilitates four sector groups; average attendance is 25 to 30 stakeholders per meeting. Among their accomplishments were improvements at Cincinnati Hills Christian Academy Otto Armleder School. Due to the work of the sector meetings, the city trimmed trees and upgraded lights on Ninth Street, improving overall visibility, and the police presence was increased to aid traffic safety in the area.

2. strategy: Enhance appearance of streets, sidewalks and public spaces.

Downtown Cincinnati’s Central Business District consistently received a perfect score of 1 on the monthly litter index report from Keep Cincinnati Beautiful.

The streets maintained by DCI in Over-the-Rhine also received excellent marks, beginning with a 1.1 in January and ending 2012 at a 1.

In advance of the 2012 World Choir Games, DCI ambassadors worked with the City of Cincinnati and Keep Cincinnati Beautiful to paint 128 light poles in the downtown area.

PERfEcT scORE Of

1ON MONTHLY LITTER

INDEx REPORT

Page 6: 2012 DCI Annual Report

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ProgrAm oBjectiVe: Maintain and enhance the image, awareness, and usage of downtown Cincinnati as a vibrant hub of activity where people live, work, dine, shop, and play.

1. strategy: Generate positive, accurate media coverage via strategic media relations.

cOMMUNIcATIONsMARKETING AND

Marketing by the Numbers DcI gaining fans and followers in 2012

January Decemberfacebook 5,831 9,702 (60% increase)Twitter 4,537 7,981 (53% increase)

Website visits 40% increase over 2011

Retail guide 120,000 printed 600 listings, with more than 400 outlets

DcI weekly email 15% increase in subscribers over 2011

DCI developed a year-long campaign focused around the theme “Life Happens Here.” This creative concept included an itinerary of establishments to visit for Mother’s Day, Graduation, Father’s Day, and other celebrations.

For Valentine’s Day, Mother’s Day, and Father’s Day, DCI used digital outdoor billboards to promote giveaways on Facebook and promote stakeholders. Among the businesses featured during these promotions were Cincinnati Ballet, Nicholson’s, Nada, Jeff Ruby, Walnut St. Grill, Trattoria Roma, Cappel’s, Washington Platform, The Blue Wisp, and What If Gifts.

2. strategy: Increase downtown usage through basic marketing programs.

DCI hosted Summer and Holiday Retailer meetings, with representatives from the Convention and Visitors Bureau, Regional Tourism Network, Police, DCI, and 3CDC presenting information on seasonal programs and events to almost 100 stakeholders.

2012 World Choir Games efforts included two meetings with retailers, promoting the “Go.Show.Save” discount program, launching a retail window display program, and volunteering as press attendants.

This year, four Macy’s Downtown Dazzles were held, kicking off the holiday season over Thanksgiving weekend. More than 500,000 people enjoyed Downtown shopping, dining, and entertainment along with the Dazzle events which included rappelling Santa, carriage rides, trolleys, and photos with Santa inside Macy’s Fountain Place.

The third annual online holiday catalog was published, featuring 20 retailers in the CBD and OTR including Appointments, Bromwell’s, Cappel’s, Hunt Club Clothiers, Macy’s, Mike and Carol Trotta, and Saks Fifth Avenue. The catalog received 5,455 views.

DCI coordinated media outreach throughout the year. Since February, DCI has been featured on 55KRC’s Brian Thomas show discussing “What’s happening in downtown Cincinnati” every Friday morning. The five-to-seven-minute interview features upcoming events, promotions, and fun tips about the CBD and OTR. The 2012 Annual Meeting received positive media coverage by WCPO, WLWT, Enquirer, Business Courier, Building Cincinnati blog and WLW. The State of Downtown release in May was covered by WLW, WNKU, WCPO, Fox19 and Local 12; and in articles in City Beat, Business Courier, Enquirer and UrbanCincy. The inaugural Live It Up Downtown event was featured on WLWT and in the Enquirer.

Over the holidays, DCI partnered with more than 20 downtown stakeholders including the Reds and Nicholson’s, the Taft Museum of Art, and 3CDC for 43 live broadcast interviews on radio and TV, totaling almost 12 hours of coverage.

Page 7: 2012 DCI Annual Report

OVERALLIMPREssION

89%

PositiVe

5

Holidays Downtown For the sixth year in a row, Macy’s sold out of the Rookwood commemorative tile, which featured the Taft Museum of Art. The tile drove many first-time customers to Macy’s Fountain Place.

Volunteers from SPCA provided free gift wrapping inside Carew Tower during the holiday season. Five animals were adopted and more than $600 was raised via donations.

Local choirs The Unlimited, Young Professional Chorale Collective, and Cincinnati Men’s Chorus all performed at Macy’s Downtown Dazzle. Special guests included Cincinnati Pops Conductor John Morris Russell and American Idol contestant Eben Francewitz.

Overall Impression of DowntownExtremely and somewhat Positive

2011 2012Total 80% 90%Hispanic 75% 80%White 84% 92%African American 69% 90%

3. strategy: further increase downtown usage through enhanced marketing programs.

In an effort to increase the diversity of the respondents to the 2012 Annual Perceptions Survey, the survey was launched in August at the Midwest Black Family Reunion. The survey was once again administered by La Verdad Marketing. This year 32% of the survey respondents were minorities compared to 36% in 2011 and 15.8% in 2010.

In May 3CDC partnered with DCI, adding Gateway Quarter and OTR merchants to the Downtown Gift Card program.

Gift card sales for the year totaled $113,065, up 21% from 2011.

Page 8: 2012 DCI Annual Report

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1. strategy: Provide business support for current and potential downtown businesses.

Throughout 2012, DCI created presentations outlining the economic impact of DCI and its benefits to stakeholders. These were shown to Eagle Realty, Salvation Army, Human Rights Campaign, NeighborWorks, Association for Legal Administrators, International Special Events Society, Hamilton County Commissioners, Cincinnati Bar Association – Young Lawyers Section, and the Third Annual Transforming & Revitalizing Downtown Summit, held in Toronto.

During 2012, 10 companies moved to downtown, including KAO Brands, a global manufacturer of premium beauty care brands; Cadre Computer; and USB Ascent Group.

DCI, in conjunction with Councilman Wendell Young, convened meetings of the Taxi Advisory Task Force. The group was comprised of cab drivers, cab company owners, city representatives and city stakeholders. For the first time, during the 2012 World Choir Games, licensed taxi drivers were able to pick up fares in Cincinnati, Covington, or Newport, regardless of which city they were licensed in as a result of the advisory board. More than 200 drivers participated in the program. This new agreement increased visitors’ access to events and programs during this international event.

DCI continues to assemble welcome bags featuring special offers and products from 60 stakeholders for the employees of businesses new to downtown.

sERVIcEsProgrAm oBjectiVe: Support and advocate for business and residential growth in downtown Cincinnati.

sTAKEHOLDER

Page 9: 2012 DCI Annual Report

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2. strategy: Promote downtown residential living.

For the first time, the Downtown Perceptions Survey was adapted for use by downtown residents. When respondents gave a home zip code of 45201 or 45202, they were redirected to a resident-specific version of the survey with new questions about living downtown to gain insights into better ways to meet their specific needs.

In September, DCI, in partnership with the Downtown Residents Council, produced Live It Up Downtown: A Celebration of Urban Living. The festival was held on Fountain Square, and featured live entertainment; rental and purchase real estate offerings, tours, and open houses; and focused on promoting the small businesses and cultural amenities that make downtown a vibrant neighborhood to call home.

New residents to downtown are given welcome bags featuring special offers and products from 60 stakeholders.

3. strategy: Meet information needs of downtown stakeholders and other partners.

DCI compiled and published the eighth annual State of Downtown Report in May, serving the information needs of stakeholders and the public. The media frequently references this report for statistics regarding downtown.

DCI maintains a downtown monthly parking survey, updated quarterly, at downtowncincinnati.com.

DCI serves as a member of the Casino Neighborhood Working Group, dedicated to working with the Horseshoe Casino Cincinnati, the City and other stakeholders to leverage the presence of the casino in a way that best benefits the city. The work is ongoing through 2014.

Sponsored by 4EG and Horseshoe Casino Cincinnati, Live It Up Downtown featured 57 booths from many businesses and cultural institutions, among them Avril Bleh & Son’s Meats, Cincinnati Museum Center, Fido

Field, The Gym at Carew Tower, Public Library of Cincinnati and Hamilton County, and YWCA. Guest enjoyed performances by local musicians, dancers, and artists.

Downtown living options were highlighted at 32 properties in the CBD and OTR, including those at 107 Shillito Place, 325 West Fifth Street Apartments, Biltmore Apartment, Lombardy Building, and The Waldo. Each property saw an average of 150 visitors during the tours.

96%residentiAL occUPAncy

rAte

Page 10: 2012 DCI Annual Report

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Independent Auditors’ Report

Board of Directors Downtown Cincinnati, Inc. Cincinnati, Ohio

We have audited the accompanying statements of financial position of Downtown Cincinnati, Inc. (DCI) (a nonprofit organization) as of December 31, 2012 and 2011 and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements.

Management’s Responsibility for the financial statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion In our opinion, the financial statements referred to above, present fairly, in all material respects, the financial position of DCI as of December 31, 2012 and 2011 and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

March 14, 2013

sTATEMENTsfINANcIALstatements of financial Position December 31, 2012 and 2011

2012 2011AssETs

Cash and cash equivalents $ 559,215 $ 721,909 Certificate of deposit 55,000 – Contracts and accounts receivable 155,067 61,587 Grants receivable 50,000 – Unbilled receivables 263,892 283,281 Prepaid expenses 5,780 5,740 Property and equipment, net 6,777 7,636 Total assets $ 1,095,731 $ 1,080,153

LIAbILITIEs AND NET AssETs

Liabilities Accounts payable and accrued expenses $ 283,627 $ 342,538 Deferred revenue – 75,350

Advanced memberships 77,626 53,525 Total liabilities 361,253 471,413

Net Assets Unrestricted 684,478 608,740

Temporarily restricted 50,000 – Total net assets 734,478 608,740 Total liabilities and net assets $ 1,095,731 $ 1,080,153

statements of ActivitiesYears Ended December 31, 2012 and 2011

2012 2011UNREsTRIcTED REVENUEs AND sUPPORT DCID contract: Special Improvement District $2,252,123 $2,103,900 Service agreements 501,767 469,015 Memberships 121,900 110,376 Holiday, directory sponsorships and special events 112,870 104,165 Donated services 18,235 45,765 Interest income 640 274 Temporarily restricted net assets released from restriction 25,000 – Total unrestricted revenues and support 3,032,535 2,833,495

ExPENsEs Operating 2,938,562 2,722,162 In-kind 18,235 45,765 Total expenses 2,956,797 2,767,927

Change in unrestricted net assets 75,738 65,568 Temporarily restricted donations and grants 75,000 – Temporarily restricted net assets released from restriction (25,000) – Change in temporarily restricted net assets 50,000 – Change in net assets 125,738 65,568 Net assets, beginning of year 608,740 543,172 Net assets, end of year $ 734,478 $ 608,740

Page 11: 2012 DCI Annual Report

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Notes to financial statements

1. sUMMARY Of sIGNIfIcANT AccOUNTING POLIcIEs

Nature of OperationsDowntown Cincinnati, Inc. (DCI or the Organization) is a nonprofit corporation organized to enhance downtown Cincinnati through safe and clean programs, communications and marketing programs and stakeholder services including assisting small women-owned and minority-owned firms. DCI receives contributions from Cincinnati area companies, foundations and funds from assessments on all downtown properties to take leadership in the revitalization of downtown.

financial statement PresentationThe financial statements have been prepared in accordance with applicable generally accepted accounting principles (GAAP) for not-for-profit entities that require, among other things, the net assets to be classified based on the existence or absence of donor-imposed restrictions. Accordingly, net assets of the Organization and changes therein are classified and reported as follows:

Unrestricted net assets – Net assets that are not subject to donor-imposed stipulations and may be utilized at the discretion of the Board of Directors to support the Organization’s purposes and operations in accordance with its bylaws.

Temporarily restricted net assets – Net assets subject to donor-imposed stipulations that will be met either by actions of the Organization satisfying the purpose or the passage of time. When a donor restriction expires, that is, when a stipulated time restriction ends or purpose restriction is accomplished, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions.

cash and cash EquivalentsThe Organization considers all liquid investments with original maturities of three months or less to be cash equivalents. The Organization maintains its cash in bank deposit accounts which could exceed federally insured limits. The Organization has not experienced any losses in such accounts and management believes it is not exposed to any significant credit risk.

certificate of DepositCertificates of deposit are carried at cost which approximates fair value. The certificate held at December 31, 2012 matures in April 2013.

statements of cash flows Years Ended December 31, 2012 and 2011

2012 2011cAsH fLOWs fROM OPERATING AcTIVITIEs Change in net assets $ 125,738 $ 65,568 Adjustment to reconcile change in net assets to net cash provided by operating activities: Depreciation 3,808 3,125 Changes in: Contracts and accounts receivable (143,480) 133,411 Unbilled receivables 19,389 (183,986) Prepaid expenses (40) – Accounts payable and accrued expenses (58,911) 83,734 Deferred revenue (75,350) 75,350

Advanced memberships 24,101 53,525 Net cash provided by (used in) operating activities (104,745) 230,727

cAsH fLOWs fROM INVEsTING AcTIVITIEs Purchase of certificates of deposit – net (55,000) –

Purchase of property and equipment (2,949) (8,845) Net cash used in

investing activities (57,949) (8,845)

Net change in cash and cash equivalents (162,694) 221,882 cash and cash equivalents, beginning of year 721,909 500,027 cash and cash equivalents, end of year $ 559,215 $ 721,909

Page 12: 2012 DCI Annual Report

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contracts and Accounts ReceivableContracts and accounts receivable consist of reimbursements due under contract agreements and general accounts receivable. The Organization provides an allowance for doubtful accounts, which is based upon a review of outstanding receivables, historical collection information and existing economic conditions. Delinquent receivables are written off based on individual credit evaluation and specific circumstances.

Unbilled ReceivablesUnder the Special Improvement District (SID) contract through Downtown Cincinnati Improvement District (DCID), the Fountain Square Management Group (FSMG), SORTA and OTR Holdings contracts, the Organization bills actual monthly expenses the following month. Unbilled receivables represent December SID, FSMG, SORTA and OTR Holdings expenses to be billed in January of the following year. Also included in unbilled receivables at December 31, 2012 and 2011 were December consignment sales of promotional products (Commemorative Rookwood Tiles) billed in January of the following year.

Property and EquipmentProperty and equipment are recorded at cost or at fair value as of the date of the contribution. Depreciation is provided using the straight-line method over the estimated useful lives of the respective assets. The cost of maintenance and repairs are expensed as incurred while significant improvements are capitalized.

contributionsThe Organization records gifts of cash and other assets at their fair value as of the date of contribution. Such donations are recorded as unrestricted support unless explicit donor stipulations specify how the donated assets must be used. Gifts that are originally restricted by the donor and for which the restriction is met in the same time period are recorded as temporarily restricted and then released from restriction.

Gifts of long-lived assets with explicit restrictions that specify how the assets are to be used and gifts of cash or other assets that must be used to acquire long-lived assets are reported as restricted support. Absent explicit donor stipulations about how long-lived assets must be maintained, the Organization reports expirations of donor restrictions when the donated or acquired long-lived assets are placed in service.

Donated serviceThe Organization records donated services as revenues in the period received only if the services received create or enhance non-financial assets or required specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. In 2012 and 2011, contribution revenue recognized for donated services was for media and promotions as presented in the statement of activities.

Deferred RevenueRevenues from service contracts are deferred and recognized in the period to which the fees relate.

Advanced MembershipsMemberships received in advance are deferred and recognized in the period to which the memberships relate.

Income TaxesDCI is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of Ohio law. DCI is not considered a private foundation.

The Organization’s IRS Form 990 is subject to review and examination by Federal and state authorities. The Organization is not aware of any activities that would jeopardize its tax-exempt status. The Organization is not aware of any activities that are subject to tax on unrelated business income, excise or other taxes.

functional Allocation of ExpensesThe costs of supporting the various programs and other activities have been summarized on a functional basis in the notes to the financial statements. Expenses have been classified based upon the actual direct expenditures and cost allocations based upon estimates of time spent by Organization personnel.

Use of EstimatesThe preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

sTATEMENTs fINANcIAL

Page 13: 2012 DCI Annual Report

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subsequent Event Evaluation In preparing its financial statements, the Organization has evaluated events subsequent to the statement of financial position date through March 14, 2013, which is the date the financial statements were available to be issued.

2. PROPERTY AND EQUIPMENTProperty and equipment consisted of the following:

2012 2011Computer equipment $ 46,546 $ 63,576

Office equipment 16,141 15,126 Computer software 8,566 8,566 71,253 87,268 Less accumulated depreciation (64,476) (79,632) $ 6,777 $ 7,636

Depreciation expense was $3,808 in 2012 and $3,125 in 2011.

3. cONcENTRATION/IMPROVEMENT DIsTRIcTDCI entered into a Special Improvement District contract with Downtown Cincinnati Improvement District (DCID) which expires on December 31, 2013. DCID is a special assessment of downtown property owners, which purchase the services of DCI. Approximately 73% of revenues in 2012 and 74% in 2011, and 64% of the receivables in 2012 and 58% in 2011 are related to the Special Improvement District contract.

4. OTHER sERVIcE cONTRAcTsDCI has contracts with the Fountain Square Management Group to clean Fountain Square, SORTA to clean Government Square, bus stops and shelters in the central business district. DCI expended $403,905 in 2012 and $390,628 in 2011 in connection with these contracts.

DCI also has a contract with OTR Holdings to clean certain areas in Over-the-Rhine. DCI expended $82,891 in 2012 and $62,795 in 2011 in connection with this contract.

5. LEAsE cOMMITMENTsThe Organization leases office space and various equipment under operating leases that expire on various dates through December 2013. Rent expense for these leases was $55,090 in 2012 and $53,688 in 2011. Future minimum payments will be $58,323 in 2013.

6. 401(K) PLANDCI participates in a multi-employer 401(k) plan sponsored by the Cincinnati USA Regional Chamber of Commerce. The Organization contributes 10% of employees’ gross pay to the plan. Participants vest in employer contributions 20% each year and are fully vested after five years. Plan contributions were $48,383 for 2012 and $54,457 for 2011.

7. fUNcTIONAL ALLOcATION Of ExPENsEsThe costs of supporting the various programs and other activities of the Organization have been summarized below. Expenses have been classified based upon the actual direct expenditures and cost allocations based upon estimates of time spent by Organization personnel.

2012 2011 Program services $2,640,517 89.3% $2,483,654 89.8%General and administrative 224,443 7.7% 196,394 7.0%Fundraising 91,837 3.1% 87,879 3.2% $2,956,797 100.0% $2,767,927 100.0%

Page 14: 2012 DCI Annual Report

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105 East Fourth Street Holdings LLC11-15 Eighth LLC115 West Ninth Street LLC120 East Eighth Street Partners LLC120 East Sixth LLC125 West Fourth Street LLC200 West Court LLC209 East Court LLC21c Cincinnati LLC225 Mcfarland Street Limited255 Fifth Limited Partnership2700 Ashland Associates LLC300 Main Limited305-309 West Fifth Street LLC307 Sycamore Holding LLC312 Walnut Limited Partnership313-319 West Fourth Street LLC321 Race LLC321 West Fourth Project Partnership324 East Fourth Street LLC325 West Fifth Street LLC330 West Fourth Street Partnership422 Sycamore Entertainment LLC4J Redevelopment LLC500 Eggleston Limited506 Phelps Holdings LLC525 Vine Street LLC537 Associates LLC580 Walnut Cincinnati LLC613 Race LLC625 Main Street LLC627 Main Street Investments LLC639 Building On Main LLC641 Walnut LLC654 Main LLC700 Broadway Partners LLC700 Walnut LLC801 Riverview LLC805 Race Street LLC810 Sycamore Partners LLC817 Main Street Limited917 Partners LLC9487 Dry Fork Road LLCAAA CincinnatiSarah N. AbsherACG Federal Reserve LLCAcosta Sales Building LLCJohnny V. AildasaniAJ&S Limited Partnership

DOWNTOWN

PROPERTY OWNERs

Alamin Family PartnershipAlea Group LimitedAllison AlexanderMorio Alexander Alfred Carrington Inc.Allica S. WoodsGregory A. & Angela M. AllisonKathryn J. Holwadel & Michele AlonzoAmerican Financial CorporationAppetizer LLCApplelaz Enterprises LimitedAlthea L. Aquino TrustArchbishop Of CincinnatiArena Management Holdings LLCArnolds South Seas HoldingsCondy D. Beavers & Leslie J. AronoffAsset Ohio Fourth Street LLCKrishna P. AthotaAurora Townhouse LLCSarah W. AvilaAdetokunbo Hakeem AyoadeB W Talgood Realty Company LimitedGlen A. & Debra L. BabcockBackstage Development Limited Liability CompanyTrudy K. BackusGeraldine BagsitBernice F. BaileyKati A. BakesBetina L. BartelsAlan W. BatesBCN Holdings LLCCraig R. BeachlerDonna E. BeckerDouglas J. & Marcia P. BeckmeyerJason C. BeemBeiderman Properties LLCCeleste J. BergenMatthew A. Berger & Lauren B. OsborneHarvey Bergman TrustHarvey & Milton Bergman TrustMark William BernhardtMarianna Brown BettmanBG 708 Properties LLCAnthony A. & Nicholas A. BiancoBJ Real Estate LLCBarbara J. Black

Jonathan BlackhamGlenn BlairJason & Kristel Lynn Donald BlairFox Jonathon BlakeLeonald A. BlehPatricia L. BlehWilliam H. Blessing TrustJohn M. BlevinsRobert F. Bloom & Alison H. KamineBlue Grass Development Of Ohio LLCBrent R. Blum TrustBodies Of the Scottish RitePaula Y. BoggsBenjamin & Aruna Darolia BohacheThomas A. Borcher Jr.Emily C. BoswellJoseph P. Brannen & David E. FooteMark G. BrinkerGeorge & Kathleen M. BrinkmanBroadway Building InvestorsRandolph Neal BrooksBrothers Cincinnatian CorporationErik T. & Meredith L. BrownRobert S. BrownBudig Realty LLCGeorge J. Budig TrustAaron L. BurgessPatrick D. BurnsThomas E. BushJeffry Alan Bush & Kyle Lee MerrittJoseph C. BusternaGlenn N. CallawayShawn CaltonChristopher T. Musillo & Kendra M. CameronHarvey D. CaminsDaniel E. & Gwen CampanelloJohn A. & Mary Jo CampbellCapcar Realty 1.1 LLCCapco Real Estate LLCCappel Realty CoCaramel Properties LLCCarell Ohio LLCPeter J. and Carolyn D. CarpenterJames B. CartyJ. Eric CaseyJames B. CaskeyCBD Holdings Inc.Centennial Plaza I Investment LLC

Central ClinicCentral Trust Tower AssociatesChai West Ninth Street LLCJimmy S. Chan TrustRuth J. ChangNavinder S. Chauley & Joan H. LimChelsea K. LLCJoseph G. White & Christopher ChildersCincinnati & Suburban BellCincinnati Association for the Performing ArtsCincinnati Athletic ClubCincinnati Automobile ClubCincinnati Bar AssociationCincinnati Fire Museum AssociationCincinnati Freie Presse LLCCincinnati Gas & Electric CompanyCincinnati Hills Christian Academy Inc.Cincinnati SI CompanyCIncy Condos LLCCity Of CincinnatiCity View Equities Inc.Andrew Thomas ClausJonna Ruth ClaytonGary L. ClemensDavid S. CollinsJohn B. & Sylvia H. CollinsColumbia Development CorporationColumbia Motor Sales CompanyColumbia Oldsmobile CompanyCommunity Law Center Real Estate CompanyJoseph T. ConklinConversa Language Center Inc.David A. CookAvery B. Holden & Jarrod M. CooperRobert P. CormanAna Defendini CortesBrian P. CouchCourt & Elm StreetCourt Colleagues LLCCourt Street Center LLC

Court Street East LimitedCourt Street Partners LLCCourt View Building LLCJasmin CourtneyJennifer Lynn CouserCp-327 West Court LLCCp-908 Plum Street LLCCp-Court & Plum Limited PartnershipAnn CrableFrederick V. Jr. & M. Katherine CrallAmanda J. Penick & David CraneTerrence M. CrawfordCre CorpCvg Partners LLCD. M. DagiauMark Daniel Jr. & Gretchen Elaine MahanJeffrey A. Carr & John E. DannerAruna DaroliaDAS Interests II LLCKyle G. DavisRussell E. DavisSteven C. DavisDawson Realty LimitedEarl B. DayJennifer L. DayDCFF LLCAnthony L. Deblasio & Kathryn A. HollsteggePaul Michael Demarco & Karen Anne SmithDennis Properties LLCSeth Coyle & Natalie DesantisDaniel J. Devito & Jessica R. YerdonDiamond Mercantile CoMaria Raquel DiazdepregoScott M. DickDickens & Crumpet LLCRichard E. DieringerTeresa DimarcoDixie Terminal CorporationDJJ Holding CorporationJustin T. & Brandon R. DobbsRobert J. Doherty

Page 15: 2012 DCI Annual Report

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Karl M. DollardMatthew D. and Mark R. DonahueSean D. DonovanEdward D. DorisDowntown Hills LLCDP 12 LLCDP 8 LLCDavid DrachmanDRM & AssociatesDrury Development CorporationDtk Ninth & Main LLCMichael S. DuboisDuke Energy Ohio Inc.Greg DunkleyJordan T. DuvallJennifer M. & Floyd D. DyeE. Paul CorporationEast Eight LimitedEast Eighth Parking LLCEast Seven LimitedMichael EbbsMarcus D. Relthford & Amy W. EddyMargaret A. EdmistonEighth and Broadway Limited Liability CompanyRyan & Sarah EjnkeElevation CommunicationsElka Real Estate CompanyElliott David PartnersMichael EllisonElm 411 LLCElm-Four Associates LimitedEmery Realty Inc.Katie M. EngGary J. EnzweilerMatt ErnstEste Investors LimitedThomas David Jr. & Vicky Lynn EvansJoseph L. & Evelyn M. EverhartSuzanne L. Hanners & Patricia B. FaheyRex G. FanninFederal Reserve Bank Of ClevelandFrederick W. Fehr IVMary Jill FendrichFifth Third BankFifth Third Bank TrustFifty-One Company LimitedTammy L. FinePhyllis G. Fine TrustMichael C. Fletcher TrustHenry J. Fliman TrustKevin R. Flynn TrustFort Washington LeasingGary M. Foster TrustMarta B. Foster TrustTy L. Foster TrustFourth & Race Street Investments LLCFourth And Central Properties Inc.

Fourth National Realty LLCFourth Street Development Partners LLCErhard & Sara FriedrichsmeyerM. Camille FryeSteve FugazziDonald E. FullerGabbard Evangelistic Association Inc.Victor L. GaffinGarfield Associates LLCDustin GarisGaspare LLCAlejandro GaunaGdr Properties LLCWilliam M. & Josette L. GearhartPeter C. GeorgesMaureen A. GernerThomas M. & Lisa J. GillisMatthew R. GlucksmannMaria F. GomezLauren P. GonnellaGoodall Properties LimitedGoodyear Tire & Rubber CompanyClifford D. Gookin Jr. TrustKevin W. GorylBrittani GrayGilbert L. GrayStanley J. Gray TrustDonald GreerJohannes R. & Catherine C. GriffioenJoanne B. Grossman TrustDavid E. GrossmannShiri A. GroteNancy K. GruberRobert L. GrunnDustin J. GrutzaGeorge Michael GuidryCarlos E. GutierrezGwynne Building Limited Liability CompanyLaurence Oliver HaasKevin S. HackerShadia G. HaddadClifford E. HallDavid N. Hall TrustHamilton County Board of CommissionersBarbara Jane HammelOh Hyun & Kui Rye HanKatherine Marie HangerTravis HanserWilliam N. HardyDerek C. HarrisFrancia A. HarrisWilliam P. Hartmann Jr. TrustMarcia Linda HartsockHearthstone Co.Joan E. HeckardKelly & Spencer HeindlForest Heis & Daniel J. Wenstrup

Carol HelleJoseph R. HerrHertz Center At 600 Vine LLCHertz Textile Building LLCDamien R. HeslerJosh Heuser & Nick Grammas Hilch Partners LLCBrian P. HillKarlee L. HillardHJH Realty CorporationPeter Reed Hoffman TrustHogan Real Estate HoldingHolland Pen BuildingDavid G. Holliday & Betsy A. LeighLeah M. HollsteggeClara & Frances HomanNelson W. HomanJohn Michael Hopkins TrustHoudini Properties LLCSharon HowardCharles Craig & Mary P. HudsonKevin HueyMichael J. & Tobi A. IaconoDavid O. ImwalleThomas & Mary A. IonnaIronworks Apartments LLCBasheer H. IsmailMary C. IttnerLynn Patterson JacobsErlend JacobsenJag Duke Properties LLCDorothy E. Jamieson TrustJeffrey M. JanuszekWilliam L. & Carol L. JenneweinAnand P. JhaveriDa Shu JiangCarolyn M. Jimenez TrustJJW Investments LimitedCarver L. & Algernon V. JohnsonHerbert JohnsonJoel JonesMelinda R. JonesMartin H. III & Shirley A. JoyceJS Gold & Coin Inc.Bedell JuliaJulius J. Rigacci Box CompanyK & S LimitedKabg Properties LLCKaiser Group LLCRichard E. KaitGerald F. & Geraldine M. KaminskiKanu Investments LLCRonald C. Kauper & Richard Mayer Keen Investment Inc.James KeeneBenjamin H. KeenerT. William Kelleher TrustPatrick & Samantha KhattakPatrick J. Kiggins Jr.Chong Nung & Kil Jin Kim

Yolanda D. KirschnerKurt KleinhuizenKenneth F. Klosterman Jr.Robert R. KnightKoch Buildings Inc.Aaron C. KohlheppClarence E. KoopPatrick M. KorbEdek & Erna KornhauserChris KotsovosDaniel M. KraftKreller Group Inc.Joel L. KubalaGeoffrey H. KuehnNadia LaabsLadisa Investments LLCSteven E. LahLancaster Building LLCLandmark Phoenix LLCFrederick G. LaneLast Citadel LLCJoshua N. LawsonLaz Enterprises LimitedPaul T. LeesemannRachel A. LeisringSusan LennardAllison LeonardLezam Inc.Thomas Zoun Lin LiLifeformations Inc.Joan H. LinkletterPhillip Lipschultz IILloyd Library and MuseumDavid R. Lofland Jr.Lofts At Fountain Square LLCLombardy Investments LimitedJanine P. LopezLauren LoveladyLPK Garfield LLCCharles J. LukenLusain Holding LLCLusain Holdings 2 LLCLuscorp LLCThomas C. LutzPhu LyLytle Capital Partners LLCLytle Tower InvestorsM/R Real Estate HoldingsMichael R. MageeMain Auction Galleries Inc.Nancy M. MalonePhillip & Rhea Sue Mandell TrustStefanos & Panagiota MarinakisNeil W. MarquardtApril Lynne MartiniBrian MastersJames & Emily MathewsCarla B. Matteucci TrustKate L. MayerMca Center LLC

Paul McAleesePhyllis L. Mccallum TrustTerence P. McCarthyKristy S. MckennaTerry Mcmillan & Melissa Schmidt Megsu Properties LimitedDavid S. MeinersMergards Downtown Bowling Lanes Inc.Richard J. Jr. & Lori Dee MerzRichard J. Merz IIEarl K. & Donna S. MesserRyan L. MesserJill P. MeyerJohn C. MichellMiddle Earth Developers Inc.Midwest Enterprises Inc.Mill End Shops Of Cincinnati Inc.Kenneth S. & Carrie MillerMatthew C. MillerThomas H. & Carolyn MillerThomas J. Mirkos TrustPatrick J. Mitchell & Brenda M. KloosDan MitchumMmf Realty LLCMmv Properties LLCWilliam L. MontagueMontgomery Inn Inc.Matthew J. MooreThomas W. & Dollie MooreLawana Jean MoroskiMichael Daniel MoroskiSheryl Lynn Morris & Richard Martin MeyerStephen John Moser & Heide Hehmann MoserGerald & Roxanne MotlMegan R. MullinixDianne A. Munoz TrustJessica H. MurielAnastasia Eileen & John J. MurphyCharlotte C. MurphyTerrence P. & Charlotte C. MurphyThomas E. & Janet D. MurphyMy 3 Sons Realty LLCDavid & Linda MyersNancy Gay TrustNancy H. Meiss TrustNap Williams Office Building LLCNational Underground Railroad Freedom CenterCarlos NavarroNavarro Photography LLCRobert A. NettNew Boston Centennial LLCSusan W. NewmarkNext Stage LLCNeyer Holdings F LLCNick NicastroNieman Investors Limited

Page 16: 2012 DCI Annual Report

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Ninth And Vine InvestmentDavid NorrisNorth Avenue TradeKristen M. NostrandBrandon OberschlakeOBx Properties LLCOC Parking Cincinnati ElmOC Parking Cincinnati SeventhOhio Book Store Inc.OLJ LLCOne East Fourth Inc.One Hundred Thirty Three West Fourth PartnershipOne Twenty Five PartnersOTREdward Owens III & Kathleen I. HunglerE. Dimitri & Susan D. PanayotopoulosCharles ParkPark Place at Lytle Investments LimitedJustin ParkerGeorge J. & Betsy Pascal TrustsKali PaskalBaran PaulPatricia N. PensakPerry Street Real EstateRandy J. PetersonLinda J. PhillipsM. Kay & Lawrence D. Phillips TrustPhotodesign Inc.Piatt Park Community Urban Redevelopment CorporationPlum Street Investments LLCPlum Street Partners LLCPNC Center Associates LLCPogues Garage LLC & Powell T. Holdings LLCPort Of Greater Cincinnati Development AuthorityPower Building AssociatesLowell G. Powers Jr. TrustGreg PreeceLee Jones Prem

Presidential Plaza Associates Limited PartnershipPrinceton Properties Inc.Provisional Properties LLCDavid W. PruittManouso G. & Anastasia PsihountakisAlvaro PugaQC Properties LimitedRoxanne QuallsQueen City ClubRace 815 LLCRace Street Development LimitedJames W. RadleyRait Old Town LLCPushpa RamLaura S. RandallAndy RebhunFrank R. ReckerPaul S. & Maritza P. ReidPatricia R. ReikTimothy P. & Patricia H. ReillyDeanne R. Reinzan-LaPilleChad A. ReynoldsDarian J. RichardsonRichter & Phillips CompanyChristopher RidenourRiverbanks RenaissanceRKR Communities LimitedLee G. Robinson TrustRobert K. RoellerMichael J. RollerSusan M. Rollman & Frances R. KatzRon Hamilton Photo LimitedMary Katherine RosackMillard C. Rosselott IIIEdward Rothenberg TrustO. Pierce Rudd Sr. TrustKevin D. SabloskyMark B. & Kathryne D. SackettSamsar Holdings LLCJoshua J. Sands TrustMichael J. SanzereMike SarowSarum Race Street LLC

William M. SasserSBG Properties LimitedDamian G. & Robin M. ScallonSchaefer-Busby-Doyle LLC Una Schaeperklaus & Rae Skirvin LarimerJames I. Scharf Jr.Joseph L. SchmithorstRobert A. SchneiderChristine M. Schoonover & George H. VerkampWilliam T. SchroderEric Charles SchuermannLucille Schumacher TrustRobert G. Jr. & Erin Marie SchwartzSchwartz & Schwartz HQ LimitedP. Robert SchwetschenauShelley S. SciborskiScottish Rite Bodies of Valley of Cincinnati TrusteesSDM Properties LLCSEAL Properties LLCJoseph J. Segal TrustJustin A. ServisSeven West Seventh Inc.Seventh & Culvert Garage LLCKimberly S. SeverinMunir D. ShahNikhil N. ShahRupa SharmaRobert W. & Brenda J. ShawverM. V. ShettyDeborrah A. ShropshireTom R. ShroutSHV Oil And Gas Holding CompanyJerome J. & Ann C. SiegelSixth Street Business Enterprises LLCSJK Partners LLCRae SkirvinSky Lofts LLCChristopher SlaterEric M. SmithAndre D. Smith Jr.Sooncha A. Lee TrustSouthwestern Ohio CapitalSpencer S. & Cara Y. LeeLance Albert SpragueJason S. SpurgeonSt. John Homes LLCSt. xavier Church Property CorpSt. xavier High School Inc.Marilyn V. StaggsEugene J. Stagnaro Jr.Mark F. Stahl TrustAndrew H. Stark TrustNancy E. & Howard K. StarnbachSterling Phoenix Development VI LLCAndrew H. StetsonAmanda StoutJerome J. Strauss

Donna J. Sturgeon & Chris S. SterwerfStephen Jeffrey & Dorothy C. SullivanJay SwitzerSycamore and Third Realty LLCRafeel Owais SyedSystem PropertyTaft Museum Of ArtJames & Pamela TagliareniTalbert Services Inc.Pete & Tary Paskal TrustScott A. TaylorTbmg Properties LLCTcmh Holdings LLCTerrace Hotel LLCTerrace Office LLCTerrace Retail LLCTerrapark II LPTerrapark IV LPTerritory Properties Midwest LLCThe Cincinnati Bar AssociationThe Contemporary Arts CenterThe Garfield House Limited PartnershipThe Greater Cincinnati FoundationThe Kroger CompanyThe Last Citadel LLCThe Literary ClubThe Procter & Gamble CompanyNoel A. ThesingRoger F. ThesingThird And Main Group LLCThird Street AssociatesSteven M. ThomasThree East Fourth Inc.Tisch Properties LLCTJD Properties LLCTollbridge Developer LimitedTorrence Investment Company LimitedThomas D. & Sherry L. TrebesTri-Net Investment IITri-State Equities LLCPeter Charles TuffU S Bank Na TrustUnited Department StoresUniversity ClubUpside Down Holdings LLCUrban Sites Limited Liability CompanyURS Tower LLCSharon A. UtendorfAgenmonmen UwaBrian J. Valerio

Derek D. VandeusenNavid J. VarjavandiJohn K. Varner Jr.Vine Street Hotel Partner LLCVine Street Interests LLCMary E. VitaverCarl W. Vollman IIEric William VolzVulcan Property Management CompanyEdward A. WagnerRuth A. WaldeckWalnut Towers LimitedMeghan M. WatkinsWatson Enterprises Inc.Vicki J. WebsterAdam R. & Amber E. WeeksRaymond WestWest Fourth LLCWest Third Carpark LLCWest Third Street 10 LLCWestern & Southern Life Insurance CompanyJames M. WestfallMarsha K. Weston & Edward J. FelsonRaymond C. WetherellWFJ Broadway LLCMichael WhiteWhite Oak Properties #5Christopher M. & Rebecca Nicole WiedemanF. D. Jr. & Polly WilderWisdom Nuggets LLCJames M. Wiseman & Latondra K. NewtonRobert WissmanWKEM LLCWMC Group LLCCarl WoernerMargaret M. WolfEric E. WoltermanWoods Real Estate Investments LLCFranklin D. Wright Jr. TrustWWWT LLCYing xiaJon P. YessinRoland F. YoungGregory O. Zaun & Jamie L. ThibertJennifer E. ZellJeffrey J. & Carol A. Zimmerman

DOWNTOWN

PROPERTY OWNERs

Page 17: 2012 DCI Annual Report

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cORPORATE MEMbERs3CDC, Cincinnati Center City Development Corporation5th Street GalleryAcme Lock Inc.Aim Straight UpAl Neyer LLCAllpro ParkingAppointments – The Business StoreArchitects PlusArnold’s Bar & GrillArt Beyond BoundariesAscribeAshley Commercial GroupAT&T OhioBaker & Daboll, LLCBaker Concrete ConstructionBarnes Dennig & Company, Ltd.Bartlett & CompanyBelow Zero LoungeBHDP ArchitectureBKD, LLPBlock by Block, LouisvilleBrandt Retail Group, Inc.Bridging BroadwayBudco Group Inc.Burgess & Niple, Ltd.Cassidy TurleyCastellini Company LLCChrist Church CathedralCincilingua Inc. International Language CenterCincinnati Art Galleries LLCCincinnati Arts AssociationCincinnati Bar AssociationCincinnati BengalsCincinnati Business CommitteeCincinnati Business CourierCincinnati Development Fund, Inc.Cincinnati Masonic CenterCincinnati Saints Soccer ClubCincinnati Stage Employees Local No. 5Cincinnati Symphony OrchestraCincinnati USA Regional ChamberCincinnati USA Regional Tourism NetworkCincinnati-Hamilton County Community Action AgencyCity Dermatology and LaserClark, Schaefer, Hackett & Co.Colliers International Greater CincinnatiContemporary Arts CenterContract SweepersCooney Faulkner & Stevens, LLC

DcI MEMbERsCourt Street Executive SuitesCR Architecture + DesignCRAVE CincinnatiCushman & Wakefield|Cincinnati Commercial, REALTORSDaymark Realty AdvisorsDefining Moments ConsultingDeloitte LLPDevelopment Strategies Group, LLCDinsmore & Shohl LLPDressman Benzinger LaValle pscDTE-CoolCo, LLCDuke EnergyDuke Energy Center/Global SpectrumDuke Energy Kentucky, Inc.DunnhumbyUSAE. W. Scripps Co.Empower MediaMarketingEnquirer MediaErnst & Young LLPFabulous Frames and ArtFastSignsFederal Home Loan Bank of CincinnatiFifth Third BankFifth Third Bank Broadway Across AmericaFindlay Market (Corporation for)Foundation BankFRCH Design WorldwideFrisch’s Restaurants, Inc.Frost Brown Todd LLCFund Evaluation Group LLCGame Day CommunicationsGarfield Suites HotelGBBN ArchitectsGeneral Electric AviationGlaserworksGlobal NovationsGOP LimitedGraeter’s Manufacturing CompanyGraydon Head & Ritchey LLPGreater Cincinnati/Northern Kentucky African American Chamber of CommerceGreen Recycling WorksGreenSource CincinnatiHart Productions, Inc.Hathaway Stamp CompanyHeidelberg Distributing CompanyHHB Partners, Inc., RealtorsHilton Cincinnati Netherland Plaza HotelHixson Architecture, Engineering, InteriorsHolland Advertising: InteractiveHumler & NolanHunt Club Clothiers Ltd., Inc.

Huntington National BankInfinitech, LLCInner Peace Holistic CenterIntegral Analytics, Inc.Integrated Research AssociatesIzzy’sJDL Warm ConstructionJeffrey R. Anderson Real Estate Inc.Katz, Teller, Brant & HildKDHK Insurance AgencyKlosterman Baking CompanyKMK Consulting Company LLCKnowledgeWorksKolar Design, Inc.LaVerdad Marketing & MediaLearning Through Art, Inc.Legg Mason Investment CounselLincoln College of TechnologyLincoln Maly MarketingLPK DesignLucy Blue Pizza CafeLynn McInturf AssociatesMacy’s, Inc.Manley BurkeMark Bowen MediaMcKinney & Namei Co., LPAMercantile LibraryMesser Construction CompanyMichael Schuster Associates, Inc.Midland Company FoundationMike & Carol TrottaMinelco Inc.Model GroupMoerlein Lager HouseNational Underground Railroad Freedom CenterNewport Television LLC Local 12 WKRC-TV and The CinCWNorth American PropertiesNorthlichNorthPointe RealtyOKI – Regional Council of GovernmentsOssege, Combs, & Mann, Ltd.Over-the-Rhine Chamber of CommercePaula Norton PhotographyPepper Construction Company of Ohio, LLCPlum Street CafePNC BankPort of Greater Cincinnati Development AuthorityPossible World WidePricewaterhouseCoopers LLPR.G. McGraw Insurance Agency, Inc.Ralph BrislinRaymond James & AssociatesRestaurants Unlimited Inc. (Palomino Rotisserie and Bar)Rippe & KingstonRiver City Furniture

Riverpoint Capital Management, Inc.RJE Business InteriorsSaks Fifth AvenueSanger & EbyScott Knox Attorney At LawSibcy Cline Realtors, Sixth StreetSilver LadleSonic Arts Digital Audio Services, Inc.Sosco Foods, Inc (Freshii)Southwest Ohio Regional Transit Authority (SORTA)Standard Parking & Central Parking System of Ohio, Inc.Starboard StrategyStatman Harris & EyrichStock Yards Bank & TrustStout & GallantStrauss & TroyTDA Interiors & ArchitectureThe Bank of KentuckyThe Bromwell Company (Bromwell’s)The Carol Ann & Ralph V. Haile, Jr./ U.S. Bank FoundationThe Gym at Carew TowerThe Kroger CompanyThe Manuel D. and Rhoda Mayerson FoundationThe Phoenix Restaurant GroupThe Preview Group, Inc.The Procter & Gamble CompanyThe Reserve at 4th and RaceThe Soapbox SalonThe University Club of CincinnatiThe Westin Hotel, CincinnatiThe Yoga BarThesing Real Estate Services, Inc.think BIG strategies, LLCThomas D Heldman CPA & Associates, Inc.Thompson Hine LLPTHP Limited Inc.TJ MaxxTony Fryer, Marriage & Family Therapist/MediatorUlmer & Berne LLPUnited Way of Greater CincinnatiUPS StoreUpside Down Holdings LLCUptown Consortium, Inc.Urban Sites Limited Liability CompanyUrbanCincyUS Bank, Walnut StreetUS Digital PartnersWalter E. Gay, Jr., D.D.S., Inc.Web Media ExpertWestern & Southern Financial Group/ Eagle Realty GroupWhitmer & Company CPAS, LLPWinegardner & Hammons, Inc.Wood, Herron & Evans, LLP

INDIVIDUAL & fAMILY MEMbERsEric AndersonMary ArmorPamela BaileyGeoffrey BarnesJim and Mary BerryTom BesanceneyVirginia BlairJill BohlDamian BoltonPaula Brehm-HeegerKathleen and George BrinkmanDavid DawsonKathleen DuPriestGreg EdwardsKimber FenderRebecca FordBrian FrankChad GarrettDavid and Pamela Ginsburg Marshall and Enid GinsburgCoralie GinsburgMichael and Carol GlotfelterLaVaughn HenryCharles HudsonThomas HuenefeldLisa KaminskiSteven KenatMichael KennedyThomas KilcoyneMatthew LafkasSusan LennardStephen MacConnellDavid MacejkoKatie MeyerCammie MontgomeryDaniel MoroskiLaWana MoroskiMike MoroskiMichael OhmerMark PainterRick PenderJohn PestianPatricia PlonskerThomas PowersMary Beth SalyersKevin SchuitemaAndy ScottAndy and Kim StarkJalea StowersWayne TaleffConrad ThiedeJeffrey WaiteCynthia WalkerJames and Joan WichmanDavid Yip

Page 18: 2012 DCI Annual Report

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ExEcUTIVE bOARD cOMMITTEE

Mayor Mark Mallory – Honorary Chair Mayor, City of Cincinnati

Jill P. Meyer – Chair Member-in-Charge Frost Brown Todd LLC

Mark T. Reitzes – Vice Chair Regional President, Southern Ohio and Northern Kentucky Huntington National Bank

LeVon Thompson, Jr. – Co-Vice Chair(through March) President and Chief Executive OfficerFoxx Construction, LLC

David A. Eshman – Treasurer Partner Deloitte LLP

Kelley J. Downing – Secretary President and Chief Executive Officer Bartlett & Company

Marvin blade (as of April) Director, Government and Community RelationsDuke Energy

Milton R. Dohoney, Jr.City Manager City of Cincinnati

David N. Ginsburg President and Chief Executive Officer Downtown Cincinnati Inc.

Greg Hartmann (through mid-January) President Hamilton County Board of Commissioners

Michael M. Kennedy (as of April) Director ComparaDun Group LLC

John Luken (through March) Partner Dinsmore & Shohl LLP

Patricia Mann smitson Chief Executive Officer American Red Cross

christopher Monzel (as of January) President Hamilton County Board of Commissioners

William J. Moran Senior Vice President, Corporate Facilities Fifth Third Bank

chad Munitz Executive Vice President, Development and Operations Cincinnati Center City Development Corporation (3CDC)

Jim T. Neyer Executive Vice President, Real Estate Development Al Neyer LLC

Julia W. Poston (as of April) Office Managing Partner Ernst & Young LLP

steven P. Richter Assistant Property Manager, Queen City Square Eagle Realty Group

Kevin shibley General Manager Saks Fifth Avenue

David N. GinsburgPresident and Chief Executive Officer

John baker (through August)Director of Ambassador Services

Patricia caseyAdministrative Manager

shelly fullerDirector of Operations

Gina GartnerDirector of Stakeholder Services

Emilie Johnson (through July 2012)Vice President, Marketing and Communications

Ron MabryOperations Manager, Ambassador Services

Julie McGuire Administrative Assistant

Mindy RosenSenior Vice President, Communications and Marketing

Jill schiller Senior Vice President, Operations

Tricia suit (as of September 2012)Director of Marketing

David Thomas (as of September 2012)Director of Ambassador Services

sTAff

bOARD Of DIREcTORsLinda Antus President Cincinnati USA Regional Tourism Network

Eric P. Avner Vice President and Senior Program Manager, Community Development The Carol Ann & Ralph V. Haile, Jr./ U.S. Bank Foundation

Troy blackburn Vice President Cincinnati Bengals

Wayne bodington General Manager The Westin Cincinnati

chief James craig Chief of Police Cincinnati Police Department

Deborah DentPresident and Founder Venue 222

Edward D. Diller Partner-in-Charge Taft Stettinius & Hollister LLP

Daniel J. Eifert Senior Manager Hines

James T. fitzgerald Chairman FRCH Design Worldwide

Karen forgus Senior Vice President of Business Operations Cincinnati Reds

Terry Garcia crews Chief Executive Officer & General Manager Metro

carl L. Goertemoeller Senior Vice President Real Estate Macy’s, Inc.

barbara Hauser (as of December)Ohio Community Relations Manager P&G

Dr. LaVaughn M. Henry, Ph.D. Vice President and Senior Regional Officer Federal Reserve Bank of Cleveland – Cincinnati Branch

sallie L. Hilvers (through March)Executive Director, Strategic Communications Metro

brian E. Hodgett (through November)Ohio Government and Community Relations P&G

Emilie Johnson (as of December) President Over-the-Rhine Chamber of Commerce

Kevin Kline Senior Vice President and General Manager Horseshoe Casino

Daniel M. Lincoln President and Chief Executive Officer Cincinnati USA Convention & Visitors Bureau

Gary Lindgren Executive Director Cincinnati Business Committee

stephen A. Loftin President and Executive DirectorCincinnati Arts Association

James J. McGraw, Jr. Partner Keating Muething & Klekamp PLL

Peg Moertl Central Territory Executive Senior Vice President, Community Development Banking PNC Bank

Rick Pender Vice President, Development and External Affairs Planned Parenthood

Robert c. Reifsnyder President United Way of Greater Cincinnati

Jason Riveiro (through November)Senior Marketing and Public Relations Manager LaVerdad Marketing & Media

Gwen L. Robinson (through March) President and Chief Executive OfficerCincinnati-Hamilton County Community Action Agency

Rod Robinson (through April) Founder and Chief Executive Officer Connxus

brian A. Ross President and Chief Executive Officer KnowledgeWorks

sean Rugless President and Chief Executive Officer Greater Cincinnati/Northern Kentucky African American Chamber of Commerce

Wm. John Ryan Greater Cincinnati – Northern Kentucky Complex ManagerSenior Vice President, InvestmentsRaymond James & Associates

Ryan M. Rybolt President Infintech, LLC

carl satterwhite President River City Furniture

Jodi schmidtgoeslingChief Client Officer, FMCG Possible

James sluzewski (through March)Senior Vice President, Corporate Communications and External AffairsMacy’s, Inc.

Ashley strehlerAssistant Vice President, Director of Commercial Property Management Eagle Realty Group

stephen Taylor District Manager and Vice President U.S. Bank

conrad foster Thiede Director of Planned Giving and Special CampaignsCincinnati Symphony Orchestra

brian L. Tiffany (through March)PresidentOver-the-Rhine Chamber of Commerce

Ellen G. van der Horst President and Chief Executive Officer Cincinnati USA Regional Chamber

stanford T. Williams, Jr. Vice President, Economic Inclusion Messer Construction Company

Mark P. Woodruff Vice President/Market Development Enquirer Media

Patricia A. Zerbe Manager, Community and Government Relations General Electric Aviation

Page 19: 2012 DCI Annual Report

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Page 20: 2012 DCI Annual Report

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