Pottawattamie County Development Corporation

Organization Overview

Pottawattamie County Development Corporation, operating under the name The 712 Initiative, is located in Council Bluffs, IA. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, 712 Initiative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 712 Initiative 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, 712 Initiative generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTALS-THE 712 REVITALIZES AREAS THROUGH INVESTMENTS IN THE BUILT ENVIRONMENT BY BUYING DISTRESSED PROPERTIES, RENOVATING, AND OPERATING MIXED USE RENTAL PROPERTIES. THESE PROVIDE NEEDED HOUSING WHILE ALSO ACTIVATING PUBLIC SPACES BY HAVING PEOPLE LIVE AND WORK IN THESE AREAS.


QUALITY OF LIFE- ENHANCING COMMUNITY LIFE AND WELL-BEING BY INCREASING SOCIAL CONNECTEDNESS OF RESIDENTS IN COUNCIL BLUFFS IOWA THROUGH ENDEAVORS THAT ACTIVATE PUBLIC SPACES, CREATE NEW FORMS OF ENTERTAINMENT, AND SUPPORT OF CURRENT ATTRACTIONS/EVENTS. THE 712 FOSTERS PARTNERSHIPS WITH THE PUBLIC AND PRIVATE SECTORS TO PROVIDE QUALITY OPTIONS FOR RECREATION AND HEALTHY LIFESTYLES. IN 2020 IT PUT ON 7 EVENTS TO BRING THE COMMUNITY TOGETHER.


DEVELOPMENT- THE 712 IMPROVES ECONOMIC VITALITY IN REDEVELOPMENT AREAS THROUGH INVESTMENTS TO IMPROVE THE VARIETY AND QUALITY HOUSING AND COMMERCIAL STOCK IN COUNCIL BLUFFS. THESE INVESTMENTS ATTRACT NEW PROFESSIONALS AND RESIDENTS TO THE COMMUNITY. 712'S EFFORTS TO ATTRACT NEW PROPERTY INVESTMENTS ARE ACCOMPLISHED THROUGH INTRODUCTION OF NEW DEVELOPERS TO THE COMMUNITY AND THROUGH 712 BUYING, REHABILITATING, AND SELLING HOMES


NEIGHBORHOOD NETWORKING- STRENGTHENING NEIGHBORHOODS CITYWIDE 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 FOR NEIGHBORHOODS TO PUT ON MOVIE NIGHTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Sheryl Garst
CEO
$100,964
Mike Alford
Board Vice Chair
$0
Kristen Blum
Board Chair
$0
Rick Guill
Board Treasurer
$0
Matt Johnson
Board Secretary
$0
Amy Mcdermott
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $106,246
All other contributions, gifts, grants, and similar amounts not included above$834,906
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$941,152
Total Program Service Revenue$509,217
Investment income $219
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,451,387

Grants Awarded

Over the last fiscal year, Pottawattamie County Development Corporation has awarded $1,906,008 in support to 2 organizations.

Grant RecipientAmount

125 W BROADWAY LLC

PURPOSE: DEVELOPMENT

$1,656,008

GROW AMERICA FUND

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: DEVELOPMENT

$250,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Pottawattamie County Development Corporation has recieved totaling $405,015.

Awarding OrganizationAmount
Southwest Iowa Foundation Inc

Omaha, NE

PURPOSE: Community Improvement

$300,000
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$80,000
Pottawattamie County Housing Trust Fund Inc

Council Bluffs, IA

PURPOSE: DOWNPAYMENT ASSISTANCE

$10,000
Nebraska Community Foundation

Lincoln, NE

PURPOSE: GENERAL SUPPORT

$10,000
Union Pacific Foundation

Omaha, NE

PURPOSE: UNIQUE SPACES

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$15
View Grant Recipient Profile

Create an account to unlock the data you need.

or