2023-06-22T11:36:14-04:00 2022-12-31 883059471 J Randall CPA LLC 5711 S 137th St Omaha NE 68137 990 2022-01-01 421459560 POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION POTT 1228 S MAIN ST Council Bluffs IA 51503 JENNIFER FLETCHER TREASURER 7128280379 2023-06-22 true JENNIFER FLETCHER XXX-XX-XXXX Joshua Randall P01653110 4028031392 2023-06-26 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE 712 INITIATIVE AMY CAROLUS 4509856 false X THE712INITATIVE.ORG X 1997 IA THE 712 INITIATIVE IS AIMED AT IMPROVING THE ECONOMIC VITALITY IN REDEVELOPMENT AREAS THROUGH INVESTMENTS IN THE BUILT ENVIRONMENT, ACTIVATING PUBLIC SPACES AND DELIVERING PROGRAMS THAT INCREASE SOCIAL ENGAGEMENT AND HEALTHY LIFESTYLES. 10 10 10 715 0 0 1325090 3547316 598452 611575 -219004 314 940 -155039 1705478 4004166 96229 218157 0 442733 424509 0 11843 686417 817156 1225379 1459822 480099 2544344 8505055 14638209 2240360 5406170 6264695 9232039 THE 712 INITIATIVE IS AIMED AT IMPROVING THE ECONOMIC VITALITY IN REDEVELOPMENT AREAS THROUGH INVESTMENTS IN THE BUILT ENVIRONMENT, ACTIVATING PUBLIC SPACES AND DELIVERING PROGRAMS THAT INCREASE SOCIAL ENGAGEMENT AND HEALTHY LIFESTYLES. false false 510398 218157 NEIGHBORHOOD NETWORKING- STRENGTHENING NEIGHBORHOODS CITY-WIDE WITH PROGRAMMING WHICH PROVIDES GNERAL SUPPORT WHILE INCREASING PUBLIC ENGAGEMENT IN REDEVELOPMENT PROJECTS, PUBLIC SPACE IMPROVEMENTS, AND COMMUNITY EVENTS. AS PART OF THESE EFFORTS, THE 712 HAS A BLOCK PARTY TRAILER THAT HAS EQUIPMENT AND GAMES THAT NEIGHBORHOODS CAN BORROW TO HELP STRENGTHEN NEIGHBORHOOD RELATIONSHIPS. THE 712 ALSO HAS EQUIPMENT TO PUT ON MOVIE NIGHTS. TO FURTHER IMPROVE NEIGHBORHOODS, THE 712 HOSTED A ROCK THE BLOCK EVENT AND PROVIDED ASSISTANCE TO INDIVIDUALS TO HELP MAKE IMPROVEMENTS TO THEIR HOMES THROUGH THE AMP PROGRAM. THE 712 ALSO REHABILITATED AND SOLD TWO HOMES DURING 2022. 437885 452477 RENTALS- THE 712 REVITALIZES AREAS THROUGH INVESTMENTS IN THE BUILT ENVIROMENT BY BUYING DISTRESSED PROPERTIES, RENOVATING, AND OPERATING MIXED USE RENTAL PROPERTIES. THESE PROVIDE MUCH NEEDED HOUSING WHILE ALSO ACTIVATING PUBLIC SPACES BY HAVING PEOPLE LIVE AND WORK IN THESE AREAS. 280880 38568 QUALITY OF LIFE- ENHANCING COMMUNITY LIFE AND WELL-BEING BY INCREASING SOCIAL CONNECTEDNESS OF RESIDENTS IN COUNCIL BLUFFS, IA THROUGH ENDEAVORS THAT ACTIVATE PUBLIC SPACES, CREATE NEW FORMS OF ENTERTAINMENT, AND SUPPORT CURRENT ATTRACTIONS/EVENTS. THE 712 FOSTERS PARTNERSHIPS WITH THE PUBLIC AND PRIVATE SECTORS TO PROVIDE QUALITY OPTIONS FOR RECREATION AND HEALTHY LIFESTYLES. IN 2022,THE 712 HOSTED FOUR EVENTS AND PARTICIPATED/HOSTED FOUR OTHER ACTIVITIES TO BRING THE COMMUNITY TOGETHER. 128182 44417 DEVELOPMENT- THE 712 IMPROVES ECONOMIC VITALITY IN REDEVELOPMENT AREAS THROUGH INVESTMENTS TO IMPROVE THE VARIETY OF QUALITY HOUSING AND COMMERCIAL STOCK IN COUNCIL BLUFFS. THESE INVESTMENTS ATTRACT NEW PROFESSIONALS AND RESIDENTS TO THE COMMUNITY. 712S EFFORTS TO ATTRACT NEW PROPERTY INVESTMENTS ARE ACCOMPLISHED THROUGH INTRODUCTION OF NEW DEVELOPERS TO THE COMMUNITY AND THROUGH 712 BUYING AND REHABILITATING PROPERTIES. 128182 44417 1357345 true true false false false false false false true false true false false false false true false true false false false false false false false false false false true false false false false true false false false false true false false false true false false false false true 39 0 10 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true false true false false false X THE 712 INITATIVE 7123962494 1228 S MAIN ST Council Bluffs IA 51503 SHERYL GARST CHIEF EXECUTIVE OFFICER 40.00 0.00 X 107523 0 4135 PETE PETERSEN BOARD MEMBER 1.00 0.00 X 0 0 0 TOM HANAFAN BOARD MEMBER 1.00 0.00 X 0 0 0 LAUREN ROLLINS BOARD MEMBER 1.00 0.00 X 0 0 0 NIKKI RAUTH BOARD MEMBER 1.00 0.00 X 0 0 0 JUDD COCHRAN BOARD MEMBER 1.00 0.00 X 0 0 0 BARRY CLEAVELAND BOARD MEMBER 1.00 0.00 X 0 0 0 JENNIFER FLETCHER BOARD CHAIR 1.00 0.00 X X 0 0 0 WYATT GREENWOOD BOARD TREASURER 1.00 0.00 X X 0 0 0 AMY MCDERMOTT BOARD SECRETARY 1.00 0.00 X X 0 0 0 107523 0 4135 1 false false false BARTOS CONSTRUCTION 5719 S 238TH ST Elkhorn NE 68022 CONTRACTOR 229665 ALLEY POYNER MACCHIETTO ARCH INC 1516 CUMMING ST Omaha NE 68102 CONTRACTOR 112126 LUND ROSS CONSTRUCTORS INC 4601 F STREET Omaha NE 68117 CONTRACTOR 3452526 3 337023 3210293 29300 3547316 FINANCING REVENUE 900099 36136 36136 EVENT AND PRGRAM REVENU 900099 38568 38568 RENTAL REVENUE 900099 460628 460628 DEVELOPMENT MANAGEMENT 900099 76243 76243 611575 314 314 346000 505690 -159690 -159690 OTHER REVENUES 900099 4651 4651 4651 4004166 456536 0 314 218157 218157 111658 94909 15632 1117 263096 223632 36833 2631 5785 4917 810 58 8443 7177 1182 84 35527 30198 4974 355 23912 23912 17156 15260 1770 126 71111 60843 9583 685 16607 14794 1692 121 9472 4183 353 4936 44899 38146 5875 878 7245 6159 1014 72 309244 303057 5775 412 1056 897 148 11 14114 12028 1947 139 37390 37390 63838 63012 771 55 29451 27326 1983 142 RENTAL OPERATING 51608 51608 DEVELPPROGRAMEVENT 119656 119403 236 17 LOSS ON ASSET DISPOSAL 397 337 56 4 1459822 1357345 90634 11843 1247274 2331308 7011 7029 53747 25930 252628 556470 250000 250000 1958312 1674075 1462109 1206065 16800 19845 8410131 265644 3257174 8144487 423000 8505055 14638209 497571 1110353 13328 13682 17882 1715779 4277935 2240360 5406170 X 5903414 8480127 361281 751912 6264695 9232039 8505055 14638209 2544344 423000 0 X false true X true false X 1465419 1323659 941152 1325090 3535318 8590638 12000 12000 1465419 1323659 941152 1325090 3547318 8602638 6129507 2473131 118 180 219 8465 8713 17695 8620333 3230344 0.28690 0.29840 X 10 Facts and Circumstances Test Part II line 17a or 17b POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATIONS (THE 712) PUBLIC SUPPORT IS 28.55% WHICH IN EXCESS OF THE 10% MINIMUM THRESHOLD. THE 712 CARRIES OUT SEVERAL PROGRAMS/EVENTS THAT BENEFIT THE COMMUNITY AND BRING IT TOGETHER. WITH EACH OF THESE PROGRAMS/EVENTS, THE 712 ACTIVELY REACHES OUT AND SEEKS FOR SPONSORSHIP/DONATIONS. ADDITIONALLY, THE 712 PARTICIPATES IN ANNUAL FUNDRAISING IN CONNECTION WITH AN ORGANIZATION THAT PROMOTES GENERAL GIVING THROUGHOUT THE COMMUNITY TO SUPPORT NON-PROFITS. SEVERAL PROGRAMS CARRIED OUT BY THE 712 HAVE SIGNIFICANT SUPPORT FROM FOUNDATIONS, BUSINESS AND INDIVIDUALS IN THE COMMUNITY BECAUSE OF ITS IMPACT. THE 712S BOARD OF DIRECTORS IS COMPRISED OF UNRELATED, INDEPENDENT COMMUNITY MEMBERS WHO CARE ABOUT THE MISSION OF THE 712 TO IMPROVE THE COMMUNITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 645902 645902 2768470 221666 2546804 96631 43978 52653 4899128 4899128 8144487 X Escrow account liability (Part IV, line 2b) THE 712 INITIATIVE HOLDS SECURITY DEPOSITS FOR RESIDENTIAL AND COMMERCIAL TENANTS. Footnote for uncertain tax position under FIN 48 (Part X) THE 712 ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING THE GUIDANCE INCLUDED IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES. THERE ARE NO UNCERTAINTIES THAT ARE REFLECTED IN THE FINANCIAL STATEMENTS AND, WITH FEW EXCEPTIONS, THE 712 IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019. true IMPROVEMENT TO HOMES 23 218157 Monitoring procedures (Part I, line 2) THE 712 HAS A PROCESS IN PLACE IN WHICH INFORMATION IS COLLECTED AND REVIEWED TO ENSURE ELIGIBILTY OF THE GRANT/ASSISTANCE BEFORE IT IS AWARDED. BRIAN PETERSEN BOARD MEMBER DRF PROGRAM X 250000 250000 false true true 250000 X 1 12000 FMV X CONST MATERIAL 1 17300 FMV false true false Form 990 governing body review Part VI line 11 THE BOARD REVIEWS AND ACCEPTS THE 990 PRIOR TO SUBMISSION. Conflict of interest policy compliance Part VI line 12c WHEN A MEMBER DECLARES A CONFLICT OF INTEREST, THAT MEMBER DOES NOT VOTE OR LOBBY ON BEHALF OF THE ISSUE. IF A BOARD MEMEBER FEELS ANOTHER MEMBER HAS A CONFLICT, THAT MEMBER IS ASKED TO DECLARE THE CONFLICT. THE BOARD FEELS THEY HAVE MONITORED THIS REQUIREMENT AND CONTINUE TO MONITOR IT FOR ALL TRANSACTIONS. ADDITIONALLY, BOARD MEMBERS ANNUALLY DISCLOSE ANY KNOWN CONFLICTS OF INTEREST AT THE ANNUAL MEETING. CEO executive director top management comp Part VI line 15a THE BOARD PERFORMS AN EVALUATION OF THE CEO AND DETERMINES COMPENSATION BASED UPON EVALUATION. Governing documents etc available to public Part VI line 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HUGHES-IRONS BUILDING LLC 149 W BROADWAY Council Bluffs IA 51503 270843660 RESIDENTAL AND COMMERCIAL RENTS IA 448418 2822134 N/A COHEN BUILDING LLC 530 W BROADWAY Council Bluffs IA 51503 882971981 RESIDENTIAL AND COMMERCIAL RENTS IA 3810 5129826 N/A 12 SCOTT LLC 12 SCOTT ST Council Bluffs IA 51503 882958281 RESIDENTAL AND COMMERCIAL RENTS IA 495846 N/A