2024-06-27T18:34:59-04:00 2023-12-31 883059471 J Randall CPA LLC 13750 Millard Ave Ste 202 Omaha NE 68137 990 2023-01-01 421459560 POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION POTT 1228 S MAIN ST Council Bluffs IA 51503 Chris LaFerla Chief Executive 7123251000 2024-06-27 true Chris LaFerla XXX-XX-XXXX true Joshua Randall P01653110 4028031392 2024-06-27 2 11 AAL2 IAL1 2023 2023-04-26 12:10:37Z THE 712 INITIATIVE CHRIS LAFERLA 1228 S MAIN STREET Council Bluffs IA 51503 4783526 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. 13 13 7 650 140110 0 3547316 3222751 611575 843000 314 3442 -155039 -138704 4004166 3930489 218157 439942 0 424509 352951 0 7719 817156 1187216 1459822 1980109 2544344 1950380 14638209 15645673 5406170 4463254 9232039 11182419 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 856317 693094 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. 576127 439943 NEIGHBORHOOD NETWORKING- STRENGTHENING NEIGHBORHOODS CITY-WIDE WITH PROGRAMMING WHICH PROVIDES GENERAL 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 FOUR HOMES DURING 2023. 290275 36733 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 2023,THE 712 HOSTED FIVE EVENTS AND PARTICIPATED/HOSTED THREE OTHER ACTIVITIES TO BRING THE COMMUNITY TOGETHER. 96767 99478 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. 96767 99478 1819486 true true false false false false false false true false true false false false true true false true false false false false false false false false false false true false false false false true false false false false false false false false true false false false false true 28 0 7 true true true false false false false false false false false X 13 13 false true false false false false false true true false false true true true true true false true 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 46874 0 1019 KERRIE SNYDER BOARD MEMBER 1.00 0.00 X 0 0 0 NIKKI RAUTH BOARD MEMBER 1.00 0.00 X 0 0 0 PETE PETERSEN BOARD MEMBER 1.00 0.00 X 0 0 0 BARRY CLEVELAND BOARD MEMBER 1.00 0.00 X 0 0 0 JESSICA VANDERPOOL BOARD MEMBER 1.00 0.00 X 0 0 0 SHANE HOSS 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 JUDD COCHRAN BOARD MEMBER 1.00 0.00 X 0 0 0 WYATT GREENWOOD BOARD VICE-CHAIR 1.00 0.00 X X 0 0 0 AMY CAROLUS BOARD CHAIR 1.00 0.00 X X 0 0 0 AMY MCDERMOTT BOARD SECRETARY 1.00 0.00 X X 0 0 0 JENNIFER FLETCHER BOARD TREASURER 1.00 0.00 X X 0 0 0 LISA FOX CONTRACTED CEO 40.00 0.00 X 0 0 0 46874 0 1019 0 false false false BARTOS CONSTRUCTION 5719 S 238TH ST Elkhorn NE 68022 CONTRACTOR 112226 HEARTLAND HANDYMAN SERVICES 2307 S 18TH STREET Council Bluffs IA 51501 CONTRACTOR 349047 2 1884237 1338514 13200 3222751 FINANCING REVENUE 900099 40221 40221 EVENT AND PRGRAM REVENU 900099 36733 36733 RENTAL REVENUE 900099 693094 552984 140110 DEVELOPMENT MANAGEMENT 900099 72952 72952 843000 3442 3442 692000 853037 -161037 -161037 OTHER REVENUES 900099 22333 22333 22333 3930489 564186 140110 3442 439942 439942 47889 34959 12451 479 258465 188679 67201 2585 7404 5405 1925 74 12530 9147 3258 125 26663 19464 6932 267 26504 26504 6902 5168 1670 64 82711 63134 18852 725 70601 56536 13360 705 5126 3302 542 1282 16049 11746 3772 531 17542 12806 4561 175 285996 274119 11437 440 1459 1071 374 14 5001 3779 1177 45 169802 169784 17 1 287764 286174 1531 59 23279 19287 3844 148 RENTAL OPERATING 101129 101129 DEVELPPROGRAMEVENT 87351 87351 1980109 1819486 152904 7719 263532 249690 2074805 1433940 25930 19135 556470 1969017 250000 248060 1674075 1644969 1206065 1189191 19845 13951 9000497 553407 8144487 8447090 423000 423000 7630 14638209 15645673 1110353 258166 17882 24057 4277935 4108401 72630 5406170 4463254 X 8480127 10172514 751912 1009905 9232039 11182419 14638209 15645673 1950380 0 X false true X true false X 1323659 941152 1325090 3535318 3222751 10347970 12000 12000 24000 1323659 941152 1325090 3547318 3234751 10371970 5513219 4858751 180 219 8465 8713 3408 20985 10392955 3779363 0.46750 0.28690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 645900 645900 7683338 492036 7191302 100655 54186 46469 570604 7185 563419 8447090 OPERATING RIGHT OF USE ASSET 7630 7630 OPERATING LEASE LIABILITIES 7630 OTHER LIABILITIES 65000 72630 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 2020. true IMPROVEMENT TO HOMES 38 439943 BRIAN PETERSEN BOARD MEMBER DRF PROGRAM X 250000 248060 false true true 248060 Management duties delegation Part VI line 3 DURING 2023 THE 712 HIRED FOX CREEK FUNDRAISING TO ACT AS INTERIM CEO FROM FEBRUARY 2023 THROUGH SEPTEMBER 2023. FOX CREEK FUNDRAISING DESIGNATED THEIR EMPLOYEE LISA FOX AS THE INTERIM CEO. $38,000 WAS PAID TO FOX CREEK FUNDRAISING DURING 2023 FOR INTERIM CEO SERVICES. 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 OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HUGHES-IRONS BUILDING LLC 149 W BROADWAY Council Bluffs IA 51503 270843660 RESIDENTAL AND COMMERCIAL RENTS IA 454050 2808254 N/A COHEN BUILDING LLC 530 W BROADWAY Council Bluffs IA 51503 882971981 RESIDENTIAL AND COMMERCIAL RENTS IA 239043 5177796 N/A 12 SCOTT LLC 12 SCOTT ST Council Bluffs IA 51503 882958281 RESIDENTAL AND COMMERCIAL RENTS IA 580374 N/A