Columbus Next Generation Corporation

Columbus Next Generation Corporation (CNGC) is a nonprofit organization dedicated to revitalizing underdeveloped neighborhoods in Columbus, Ohio. Founded in 2012 by former Mayor Michael Coleman, its mission is to enhance the potential of core urban areas by identifying underutilized land and properties, securing control, creating master plans, conducting feasibility studies, and soliciting community input.

Mission and Activities

CNGC focuses on transforming communities into vibrant and productive places through collaborative partnerships between private and public entities. It targets areas within the historic 1950 boundaries of Columbus, with a particular emphasis on neighborhoods such as Linden, Near Eastside, and Southside. The corporation achieves its goals by acquiring and packaging properties for redevelopment, positioning them for development by private investors, and maximizing their potential through strategic planning and community engagement.

Financial Overview

As of its most recent financial reports, CNGC reported significant revenues primarily from contributions, amounting to over $2.1 million annually. The organization's assets exceed $5 million, with liabilities being minimal. It maintains a high program expense ratio, indicating that a substantial majority of its funds are directed towards program services rather than administrative costs.

Governance and Ratings

CNGC operates with a small but dedicated team and an independent board of directors. The organization has received a Three-Star rating from Charity Navigator, reflecting its strong governance practices, financial health, and commitment to transparency and accountability. Despite the commendable performance, continuous improvement is necessary to optimize resource allocation and maintain transparency.

Community Impact

One notable success of CNGC includes the transformation of a neglected property in the Linden neighborhood into a thriving community market and pharmacy. This project, supported by multiple city and institutional partners, exemplifies the organization's effort to provide essential services and revitalize neglected areas.

Vision for the Future

As CNGC continues to evolve, it plans for sustained growth, increased operational budgets, and the initiation of major development projects. The organization's vision is to catalyze opportunities that transform communities into desirable locations for residents and businesses alike.