Seventy-Five North Revitalization Corporation
- Assets
- $33.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Omaha, NE
- Founding
- 09/2011
- Data as of
- 12/2020
- EIN
- 27-3842950
Organization Overview
Seventy-Five North Revitalization Corporation is located in Omaha, NE. The organization was established in 2011. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2021, Seventy-Five North Revitalization Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seventy-Five North Revitalization Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Seventy-Five North Revitalization Corporation generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION IS TO BREAK THE CYCLE OF POVERTY AND COMMUNITY DETERIORATION BY FACILITATING THE CREATION OF HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITIES COMPLETE WITH THRIVING SCHOOLS, RECREATIONAL FACILITIES, AND OTHER AMENITIES THAT WILL ATTRACT NEW PUBLIC AND PRIVATE INVESTMENT TO NORTH OMAHA NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
EDUCATION - SUPPORT AND BUILD THRIVING SCHOOLS IN THE HIGHLANDER NEIGHBORHOOD AREA, INCLUDING HOWARD KENNEDY ELEMENTARY SCHOOL.
COMMUNITY - SUPPORT AND ENRICH THE RESIDENTS OF THE HIGHLANDER NEIGHBORHOOD AND SURROUNDING AREA BY OFFERING PROGRAMS TO ADVANCE SKILLS AND OTHER AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cydney Franklin President/ceo | Officer | 40 | $179,916 |
Shaun Ilahi Chief Compliance Officer | 40 | $111,130 | |
Dana Washington Chairman/president | OfficerTrustee | 10 | $0 |
Meredith Dillon Board Member | Trustee | 1 | $0 |
Bradley Ekwerekwu Board Member | Trustee | 1 | $0 |
Kenny Rocker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,253,002 |
| Noncash contributions included in lines 1a–1f | $2,525,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,452,043 |
| Total Program Service Revenue | $696,559 |
| Investment income | $728,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,826 |
| Net Gain/Loss on Asset Sales | $15,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,917,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $255,299 |
| Compensation of current officers, directors, key employees. | $32,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,853 |
| Pension plan accruals and contributions | $4,775 |
| Other employee benefits | $48,592 |
| Payroll taxes | $35,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,438 |
| Advertising and promotion | $71,095 |
| Office expenses | $47,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,029,665 |
| Travel | $5,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,932 |
| Insurance | $19,414 |
| All other expenses | $0 |
| Total functional expenses | $2,397,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,077 |
| Savings and temporary cash investments | $1,019 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,854,881 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,535,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$365,597 |
| Intangible assets | $0 |
| Other assets | $3,617,990 |
| Total assets | $33,010,076 |
| Accounts payable and accrued expenses | $922,329 |
| Grants payable | $0 |
| Deferred revenue | $12,537 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,417,895 |
| Total liabilities | $4,552,761 |
| Net assets without donor restrictions | $28,387,750 |
| Net assets with donor restrictions | $69,565 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,010,076 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Seventy-Five North Revitalization Corporation has recieved totaling $19,219,133.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: HIGHLANDER PROJECT PHASE IV & V | $8,000,000 |
Sherwood Foundation Omaha, NE PURPOSE: HIGHLANDER PROJECT PHASE IV & V | $5,000,000 |
Sherwood Foundation Omaha, NE PURPOSE: ACCELERATOR GREENHOUSE | $3,125,648 |
Sherwood Foundation Omaha, NE PURPOSE: BRIDGE LOAN REPAYMENT | $1,200,000 |
Sherwood Foundation Omaha, NE PURPOSE: DEMOLITION OSBN | $400,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2022 OPERATING GRANT | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forest Park Forever Inc St Louis, MO | $231,400,954 | $16,694,286 |
Lake Cunningham Development Trust Omaha, NE | $3,688,458 | $8,194,435 |
Seventy-Five North Revitalization Corporation Omaha, NE | $33,010,076 | $5,917,570 |
Denver Urban Gardens Denver, CO | $1,439,830 | $3,963,280 |
Aspen Valley Land Trust Carbondale, CO | $6,925,904 | $1,870,780 |
Nature And Wildlife Discovery Center Beulah, CO | $1,703,919 | $959,409 |
Keep Omaha Beautiful Omaha, NE | $667,250 | $604,428 |
Keep Iowa Beautiful West Des Moines, IA | $250,279 | $665,822 |
Green Schools National Network Inc Iowa City, IA | $207,625 | $338,966 |
Downtown West Plains Inc West Plains, MO | $4,028,208 | $902,055 |
Friends Of Bunker Hill Columbia, MO | $452,041 | $422,515 |
Ozark Greenways Inc Springfield, MO | $3,006,605 | $1,706,881 |