2025-11-17T15:45:27-06:00 2024-12-31 470574775 FRANKEL LLC 11404 WEST DODGE RD SUITE 700 OMAHA NE 681542576 990 2024-01-01 273842950 SEVENTY-FIVE NORTH REVITALIZATION CORPORATION SEVE 4025022770 2112 NORTH 30TH STREET 200 OMAHA NE 68111 SHARLON RODGERS PRESIDENT/CEO 4025022770 2025-11-17 1 0 GAIL ENDORF P01390588 4024969100 2024 2025-03-06 01:10:19Z SHARLON RODGERS 2112 NORTH 30TH STREET 200 OMAHA NE 68111 9723859 0 X WWW.SEVENTYFIVENORTH.ORG X 2010 NE TO FACILITATE THE REVITALIZATION OF A HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITY IN THE HIGHLANDER NEIGHBORHOOD. WE WORK TO PROMOTE INTERGENERATIONAL PROSPERITY BY PARTNERING TO CREATE HIGH-QUALITY HOUSING, INNOVATIVE EDUCATION OPPORTUNITIES, RECREATIONAL FACILITIES AND OTHER NEIGHBORHOOD ENRICHMENT AMENITIES. 10 10 7 58 107951 0 23953786 3372230 1541761 1452730 -15873780 140263 46788 -14519 9668555 4950704 0 532366 0 0 672859 562619 0 0 89461 5767062 2970436 6439921 4065421 3228634 885283 49273521 50096920 2492932 2540446 46780589 47556474 THE MISSION OF THE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION IS TO FACILITATE THE REVITALIZATION OF A HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITY IN THE HIGHLANDER NEIGHBORHOOD IN NORTH OMAHA. 0 0 469239 -182144 HOUSING - ACQUISITION AND STRATEGIC PLANNING FOR PROPERTIES IN NORTH OMAHA IN ORDER TO REVITALIZE THE AREA THROUGH REPURPOSING OF VACANT, ABANDONED, CONDEMNED, AND UNCLAIMED STRUCTURES AND KEY PARCELS OF LAND THROUGHOUT THE NORTHEAST SECTION OF THE CITY. THE DEVELOPMENT PROJECT IS LOCATED IN THE HIGHLANDER NEIGHBORHOOD. 585080 201584 EDUCATION - SUPPORT AND BUILD THRIVING SCHOOLS IN THE HIGHLANDER NEIGHBORHOOD AREA, INCLUDING HOWARD KENNEDY ELEMENTARY SCHOOL. 2464024 532366 545023 COMMUNITY - SUPPORT AND ENRICH THE RESIDENTS OF THE HIGHLANDER NEIGHBORHOOD AND SURROUNDING AREA BY OFFERING PROGRAMS TO ADVANCE SKILLS AND OTHER AMENITIES. 3518343 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 9 0 1 7 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 1 1 X THE ORGANIZATION 4025022770 2112 NORTH 30TH STREET 200 OMAHA NE 68111 SHARLON RODGERS PRESIDENT/CEO 40.00 X 158125 0 4641 DANA WASHINGTON CHAIRMAN/PRESIDENT 10.00 X X 0 0 0 ERIN BOCK SECRETARY 1.00 X 0 0 0 ADAM STEFFEN TREASURER 2.00 X 0 0 0 MERIDITH DILLON BOARD MEMBER 1.00 X 0 0 0 BRADLEY EKWEREKWU BOARD MEMBER 1.00 X 0 0 0 DAVID ARNOLD BOARD MEMBER 1.00 X 0 0 0 STEVEN JENSEN BOARD MEMBER 1.00 X 0 0 0 DR SHERITTA STRONG BOARD MEMBER AS OF APRIL 2024 1.00 X 0 0 0 SHERRYE HUTCHERSON BOARD MEMBER AS OF APRIL 2024 1.00 X 0 0 0 PHIL SKEI BOARD MEMBER AS OF SEPT 2024 1.00 X 0 0 0 158125 0 4641 1 0 1 0 FRANKEL LLC 11404 WEST DODGE ROAD SUITE 700 OMAHA NE 68154 ACCOUNTING 161977 1 495398 2876832 1136628 3372230 DEVELOPMENT FEES 236000 598172 598172 ACCELERATOR- COMMUNITY 531120 545023 545023 ACCELERATOR- EDUCATION 531120 201584 201584 EVENT HALL REVENUE 531120 107951 107951 1452730 920579 920579 15393 29912 -14519 -14519 -14519 1568927 2394000 1568927 3174316 0 -780316 -780316 -780316 4950704 564463 107951 906060 532366 532366 162766 90240 16454 56072 317111 248017 49871 19223 8621 6077 1191 1353 32741 23079 4525 5137 41380 25628 10048 5704 20170 3374 16796 198414 198414 356721 337093 19628 46205 14526 30055 1624 46154 18328 27478 348 283451 270158 13293 16087 16087 9115 9115 243090 243090 1221011 1182826 38185 100 100 REPAIRS AND MAINTENANCE 357965 345973 11992 OTHER 78520 77132 1388 SECURITY 66840 64728 2112 PROGRAM SUPPLIES 26593 26593 4065421 3518343 457617 89461 561876 836719 961253 3963846 500000 1138529 16025770 16507302 29712298 6934555 19833060 22777743 -709235 -799912 12100797 5672693 49273521 50096920 158551 482831 459567 269567 1874814 1788048 2492932 2540446 X 41629672 46276495 5150917 1279979 46780589 47556474 49273521 50096920 X 885283 -150500 -16100 57202 X X 0 1 X 1 1 1 X 4452043 22093228 3440201 1658444 3372230 35016146 659172 417841 442545 3615724 3738779 8874061 50665 43453 80882 71284 15393 261677 5161880 22554522 3963628 5345452 7126402 44151884 3078253 20173142 1607457 198937 2235317 27293106 0 3078253 20173142 1607457 198937 2235317 27293106 16858778 728330 820294 1123241 912403 920579 4504847 37387 104399 112040 106037 107951 467814 765717 924693 1235281 1018440 1028530 4972661 5927597 23479215 5198909 6363892 8154932 49124545 0.34320 0.10120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343775 343775 22245834 5027103 17218731 1556867 1007001 549866 5565822 900451 4665371 22777743 REIMBURSABLE COSTS 236829 DEVELOPMENT FEE RECEIVABLE 822086 OTHER 64495 PROPERTY AND LAND HELD FOR REVITALIZATION 249859 ACCRUED INTEREST RECEIVABLE 2610606 CONSTRUCTION IN PROGRESS 1688818 5672693 REFUNDABLE ADVANCES 1788048 1788048 X PART X, LINE 2: THE FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHICH INCLUDES THIS ORGANIZATION READS AS FOLLOWS: SEVENTY-FIVE NORTH REVITALIZATION CORPORATION (THE CORPORATION) IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES ARE INCLUDED IN THESE FINANCIAL STATEMENTS. ACCOUNTING STANDARDS REQUIRE DISCLOSURE AND RECOGNITION IN FINANCIAL STATEMENTS OF POSITIONS TAKEN IN A TAX RETURN ABOUT THE TREATMENT OF TRANSACTIONS AND EVENTS THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. TAX POSITIONS RELATIVE TO A NOT-FOR-PROFIT ORGANIZATION INCLUDE ACTIVITIES THAT MAY ENDANGER ITS EXEMPT PURPOSE AND STATUS AS AN EXEMPT ORGANIZATION. THE CORPORATION BELIEVES IT COMPLIES WITH ALL RELEVANT TAX LAWS AND REGULATIONS AND HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS; ACCORDINGLY, NO LIABILITY IS RECORDED FOR UNCERTAIN TAX POSITIONS. 1 NO MORE EMPTY POTS 8511 N 30TH ST OMAHA NE 68122 272427728 501(C)(3) 532366 0 FUND THE OPERATIONS OF THE GREENHOUSE GROWING SEEDS OF CHANGE WORKFORCE TRAINING AND EDUCATION 1 0 PART I, LINE 2: THE GRANTOR REVIEWS QUARTERLY FINANCIAL REPORTS PRIOR TO ISSUING THE NEXT PAYMENT TO ENSURE ELIGIBLE EXPENSES ARE BEING INCURRED PRIOR TO DISBURSEMENT. X X 0 0 0 0 0 0 0 0 0 SHARLON RODGERS PRESIDENT/CEO 158125 0 0 0 0 0 4641 0 0 0 162766 0 0 0 X 1 1136628 NYSE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND CHAIRMAN OF THE BOARD FOR ACCURACY. IF ANY CHANGES ARE ADVISED, THESE ARE MADE AND THE RETURN IS THEN FILED AFTER FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD ARE SUBJECT TO A DUTY TO DISCLOSE ALL ACTUAL OR POSSIBLE CONFLICT OF INTERESTS TO THE BOARD AT ALL TIMES. THE DIRECTOR WILL RECUSE HIMSELF OR HERSELF FROM INVOLVEMENT IN ANY DECISION OR DISCUSSION IN WHICH HE OR SHE HAS OR MAY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE CHAIRMAN OF THE BOARD MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR THE COMPENSATION OF THE PRESIDENT/CEO. THE SALARY IS BASED ON MATTERS OF PERFORMANCE AND COMPARABILITY DATA FROM THE SURROUNDING AREA WHICH IS PRESENTED TO THE BOARD OF DIRECTORS. BOARD APPROVAL IS REQUIRED FOR THE DETERMINATION OF THE PRESIDENT/CEO'S COMPENSATION. NO OTHER OFFICERS OR KEY EMPLOYEES ARE COMPENSATED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TAX BASIS ADJUSTMENT FOR INVESTMENT IN HIGHLANDER PHASE 1 MARKET, LLC -88,635. TAX BASIS ADJUSTMENT FOR INVESTMENT IN HPIV MARKET, LLC 145,837. PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS AND FINANCE COMMITTEE TAKE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED IN THE LAST YEAR. ADDITIONAL INFORMATION AS REQUIRED ATTACHMENTS: UNDER THE TERMS OF THE OPERATING AGREEMENT FOR HIGHLANDER PHASE V, LLC, ONE OF ITS MEMBERS, 75NHPV, LLC, MUST MAKE AN ELECTION UNDER IRC SECTION 168(H)(6)(F)(II). A RELATED ENTITY, SEVENTY-FIVE NORTH REVITALIZATION CORPORATION, SHALL ATTACH A COPY OF THE FOLLOWING TAX ELECTION MADE BY 75NHPV, LLC TO ITS FORM 990 TAX RETURN. THE ELECTION IS AS FOLLOWS: 75NHPV, LLC 2112 NORTH 30TH STREET, SUITE 200 OMAHA, NE 68111 EIN: 93-2381475 TAX YEAR ENDED DECEMBER 31, 2024 ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) BY A TAX-EXEMPT CONTROLLED ENTITY THE TAXPAYER, 75NHPV, LLC, HEREBY ELECTS UNDER 168(H)(6)(F)(II) SO IT WILL NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF 168(H)(6)(F)(I), AND ACKNOWLEDGES THAT ANY GAIN RECOGNIZED ON THE DISPOSITION OF AN INTEREST IN 75NHPV, LLC, AND ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM 75NHPV, LLC, WILL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511. THIS ELECTION IS IRREVOCABLE. UNDER THE TERMS OF THE OPERATING AGREEMENT FOR KENNEDY EAST LIHTC, LLC, ONE OF ITS MEMBERS, 75NKSE, LLC, MUST MAKE AN ELECTION UNDER IRC SECTION 168(H)(6)(F)(II). A RELATED ENTITY, SEVENTY-FIVE NORTH REVITALIZATION CORPORATION, SHALL ATTACH A COPY OF THE FOLLOWING TAX ELECTION MADE BY 75NKSE, LLC TO ITS FORM 990 TAX RETURN. THE ELECTION IS AS FOLLOWS: 75NKSE, LLC 2112 NORTH 30TH STREET, SUITE 200 OMAHA, NE 68111 EIN: 92-1155838 TAX YEAR ENDED DECEMBER 31, 2024 ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) BY A TAX-EXEMPT CONTROLLED ENTITY THE TAXPAYER, 75NKSE, LLC, HEREBY ELECTS UNDER 168(H)(6)(F)(II) SO IT WILL NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF 168(H)(6)(F)(I), AND ACKNOWLEDGES THAT ANY GAIN RECOGNIZED ON THE DISPOSITION OF AN INTEREST IN 75NKSE, LLC, AND ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM 75NKSE, LLC, WILL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511. THIS ELECTION IS IRREVOCABLE. UNDER THE TERMS OF THE OPERATING AGREEMENT FOR KENNEDY WEST, LLC, ONE OF ITS MEMBERS, 75NKSW, LLC, MUST MAKE AN ELECTION UNDER IRC SECTION 168(H)(6)(F)(II). A RELATED ENTITY, SEVENTY-FIVE NORTH REVITALIZATION CORPORATION, SHALL ATTACH A COPY OF THE FOLLOWING TAX ELECTION MADE BY 75NKSW, LLC TO ITS FORM 990 TAX RETURN. THE ELECTION IS AS FOLLOWS: 75NKSW, LLC 2112 NORTH 30TH STREET, SUITE 200 OMAHA, NE 68111 EIN: 99-2067537 TAX YEAR ENDED DECEMBER 31, 2024 ELECTION UNDER IRC SECTION 168(H)(6)(F)(II) BY A TAX-EXEMPT CONTROLLED ENTITY THE TAXPAYER, 75NKSW, LLC, HEREBY ELECTS UNDER 168(H)(6)(F)(II) SO IT WILL NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF 168(H)(6)(F)(I), AND ACKNOWLEDGES THAT ANY GAIN RECOGNIZED ON THE DISPOSITION OF AN INTEREST IN 75NKSW, LLC, AND ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM 75NKSW, LLC, WILL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511. THIS ELECTION IS IRREVOCABLE. 3200 NORTH 30TH LLC 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 PROPERTY TITLE HOLDER NE 0 76600 SEVENTY-FIVE NORTH REVITALIZATION CORPORATION HIGHLANDER DEVELOPMENT CO 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 854310393 FINANCE, DEVELOP AND OPERATE LOW INCOME HOUSING DEVELOPMENTS NE 501(C)(3) 170(B)(1)(A)(VI) SEVENTY-FIVE NORTH REVITALIZATION CORPORATION 1 75NHP1 LLC 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 352563983 MANAGEMENT OF PROGRAM HOUSING NE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION C -44 185320 1.00000 1 75NHP4 LLC 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 880561701 MANAGEMENT OF PROGRAM HOUSING NE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION C -30 153691 1.00000 1 75NKSE LLC 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 921155838 MANAGEMENT OF PROGRAM HOUSING NE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION C 20 1.00000 1 75NHPV LLC 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 932381475 MANAGEMENT OF PROGRAM HOUSING NE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION C -9 31 1.00000 1 75NKSW LLC 2112 NORTH 30TH STREET SUITE 200 OMAHA NE 68111 992067537 MANAGEMENT OF PROGRAM HOUSING NE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION C 10 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0