POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION

Address
1228 S MAIN ST
COUNCIL BLUFFS, IA 51503
Contact
Phone: +1 (712) 396-2494
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 42-1459560

Mission

REDEVELOPMENT OF UNDERUTILIZED
 20162015201420132012
Basic features of the organization
Year of formation1997
Metropolitan statistical area5920
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$72,467.00$23,931.00$70,556.00$73,714.00$73,345.00
Sum of reportable (W2/1099) compensation$52,632.00$57,592.00$67,435.00$64,890.00$47,644.00
Number of employees00000
Number of volunteers00077
Personnel
Alford, Mike
TitleMEMBER    
Name of key/compensated personMIKE ALFORD    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1    
Behrens, Bobbette
TitleCHAIRMANPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personBOBBETTE BEHRENSBOBBETTE BEHRENSBOBBETTE BEHRENSBOBBETTE BEHRENSBOBBETTE BEHRENS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Blum, Kristen
TitleSECRETARY    
Name of key/compensated personKRISTEN BLUM    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Carman, Kelly
TitleVICE CHAIRMANDIRECTORDIRECTOR  
Name of key/compensated personKELLY CARMANKELLY CARMANKELLY CARMAN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Coughlin, Renee
TitleMEMBERDIRECTORDIRECTOR  
Name of key/compensated personRENEE COUGHLINRENEE COUGHLINRENEE COUGHLIN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Goodman, Doug
Title SECRETARYSECRETARYSECRETARYDIRECTOR
Name of key/compensated person DOUG GOODMANDOUG GOODMANDOUG GOODMANDOUG GOODMAN
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Goodman, Douglas
TitleCHAIRMAN    
Name of key/compensated personDOUGLAS GOODMAN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org3.00    
Guill, Rick
TitleMEMBER    
Name of key/compensated personRICK GUILL    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1    
Hannon, Chad
TitleMEMBER    
Name of key/compensated personCHAD HANNON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Horner, Carol
TitleMEMBER    
Name of key/compensated personCAROL HORNER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Jackson, Chet
TitleCEO    
Name of key/compensated personCHET JACKSON    
Position of compensated person
Average hours per week working for org40    
Johnson, Matt
TitleTREASURER    
Name of key/compensated personMATT JOHNSON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Leach, Edd
TitleVICE CHAIRMANVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT 
Name of key/compensated personEDD LEACHEDD LEACHEDD LEACHEDD LEACH 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Leach, Edwin
Title    DIRECTOR
Name of key/compensated person    EDWIN LEACH
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Matters, Gary
TitleMEMBERDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personGARY MATTERSGARY MATTERSGARY MATTERSGARY MATTERSGARY MATTERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Mundt, Bob
TitleINTERIM CEO    
Name of key/compensated personBOB MUNDT    
Position of compensated person
Average hours per week working for org20    
Rasmussen, Brian
Title TREASURERTREASURERTREASURERDIRECTOR
Name of key/compensated person BRIAN RASMUSSENBRIAN RASMUSSENBRIAN RASMUSSENBRIAN RASMUSSEN
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Rassmussen, Brian
TitleTREASURER    
Name of key/compensated personBRIAN RASSMUSSEN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Recker, Amy
Title EXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOR
Name of key/compensated person AMY RECKERAMY RECKERAMY RECKERAMY RECKER
Position of compensated person
Average hours per week working for org 40.0040.0040.0040.00
Reddish, Lorrie
TitleMEMBER    
Name of key/compensated personLORRIE REDDISH    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Tauke, Tony
TitleMEMBERDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personTONY TAUKETONY TAUKETONY TAUKETONY TAUKETONY TAUKE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Tekippe, Ron
TitleMEMBERDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRON TEKIPPERON TEKIPPERON TEKIPPERON TEKIPPERON TEKIPPE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesREDEVELOPMENT OF UNDERUTILIZED OR CONTAMINATED PROPERTY, ACTING TO ACQUIRE, REMEDIATE AND PREPARE FOR DEVELOPMENT LAND THAT WOULD NOT BE PRIVATELY FEASIBLE TO ASSEMBLE.REDEVELOPMENT OF UNDERUTILIZED OR CONTAMINATED PROPERTY, ACTING TO ACQUIRE, REMEDIATE AND PREPARE FOR DEVELOPMENT LAND THAT WOULD NOT BE PRIVATELY FEASIBLE TO ASSEMBLE.REDEVELOPMENT OF UNDERUTILIZED OR CONTAMINATED PROPERTY, ACTING TO ACQUIRE, REMEDIATE AND PREPARE FOR DEVELOPMENT LAND THAT WOULD NOT BE PRIVATELY FEASIBLE TO ASSEMBLE.REDEVELOPMENT OF UNDERUTILIZED OR CONTAMINATED PROPERTY, ACTING TO ACQUIRE, REMEDIATE AND PREPARE FOR DEVELOPMENT LAND THAT WOULD NOT BE PRIVATELY FEASIBLE TO ASSEMBLE.REDEVELOPMENT OF UNDERUTILIZED OR CONTAMINATED PROPERTY, ACTING TO ACQUIRE, REMEDIATE AND PREPARE FOR DEVELOPMENT LAND THAT WOULD NOT BE PRIVATELY FEASIBLE TO ASSEMBLE.
Program service expenses, total$2,647,334.00$2,307,760.00$575,461.00$449,670.00$507,704.00
Programs, including revenue & expenses
POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION IS FOCUSED ON REDEVELOPING CHALLENGING UNDERUTILIZED PROPERTIES TO ELIMINATE BLIGHT AND ENVIRONMENTAL CONTAMINATION. OUR EXPERTISE INCLUDES PROPERTY ASSEMBLY, PRE-DEVELOPMENT, ENVIRONMENTAL REMEDIATION AND MONITORING, PROPERTY DEVELOPMENT, AND MANAGEMENT.
Program expenses$299,814.00$23,215.00$29,582.00$77,693.00$53,003.00
Grants and allocations made$250,000.00    
Program revenue$14,448.00    
Program descriptionPOTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION IS FOCUSED ON REDEVELOPING CHALLENGING UNDERUTILIZED PROPERTIES TO ELIMINATE BLIGHT AND ENVIRONMENTAL CONTAMINATION. OUR EXPERTISE INCLUDES PROPERTY ASSEMBLY, PRE-DEVELOPMENT, ENVIRONMENTAL REMEDIATION AND MONITORING, PROPERTY DEVELOPMENT, AND MANAGEMENT.POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION IS FOCUSED ON REDEVELOPING CHALLENGING UNDERUTILIZED PROPERTIES TO ELIMINATE BLIGHT AND ENVIRONMENTAL CONTAMINATION. OUR EXPERTISE INCLUDES PROPERTY ASSEMBLY, PRE-DEVELOPMENT, ENVIRONMENTAL REMEDIATION AND MONITORING, PROPERTY DEVELOPMENT, AND MANAGEMENT.POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION IS FOCUSED ON REDEVELOPING CHALLENGING UNDERUTILIZED PROPERTIES TO ELIMINATE BLIGHT AND ENVIRONMENTAL CONTAMINATION. OUR EXPERTISE INCLUDES PROPERTY ASSEMBLY, PRE-DEVELOPMENT, ENVIRONMENTAL REMEDIATION AND MONITORING, PROPERTY DEVELOPMENT, AND MANAGEMENT.POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION IS FOCUSED ON REDEVELOPING CHALLENGING UNDERUTILIZED PROPERTIES TO ELIMINATE BLIGHT AND ENVIRONMENTAL CONTAMINATION. OUR EXPERTISE INCLUDES PROPERTY ASSEMBLY, PRE-DEVELOPMENT, ENVIRONMENTAL REMEDIATION AND MONITORING, PROPERTY DEVELOPMENT, AND MANAGEMENT.POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION IS FOCUSED ON REDEVELOPING CHALLENGING UNDERUTILIZED PROPERTIES TO ELIMINATE BLIGHT AND ENVIRONMENTAL CONTAMINATION. OUR EXPERTISE INCLUDES PROPERTY ASSEMBLY, PRE-DEVELOPMENT, ENVIRONMENTAL REMEDIATION AND MONITORING, PROPERTY DEVELOPMENT, AND MANAGEMENT.
THROUGH THE DOWNTOWN REVITALIZATION FUND, POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION PROVIDES TECHNICAL ASSISTANCE, FUNDING SOURCE IDENTIFICATION, AND HISTORIC RENOVATION CONSULTING. THE CORPORATION ALSO PROVIDES GAP FINANCING AND FORGIVABLE LOANS FOR THE RENOVATION OF HISTORIC BUILDINGS OR THE REDEVELOPMENT OF VACANT PROPERTIES IN DOWNTOWN COUNCIL BLUFFS, IA.
Program expenses$2,347,520.00$2,284,545.00$545,879.00$371,977.00$454,701.00
Grants and allocations made$1,656,008.00$1,092,913.00$102,345.00  
Program revenue$143,286.00 -$325,653.00$127,851.00$120,278.00
Program descriptionTHROUGH THE DOWNTOWN REVITALIZATION FUND, POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION PROVIDES TECHNICAL ASSISTANCE, FUNDING SOURCE IDENTIFICATION, AND HISTORIC RENOVATION CONSULTING. THE CORPORATION ALSO PROVIDES GAP FINANCING AND FORGIVABLE LOANS FOR THE RENOVATION OF HISTORIC BUILDINGS OR THE REDEVELOPMENT OF VACANT PROPERTIES IN DOWNTOWN COUNCIL BLUFFS, IA.THROUGH THE DOWNTOWN REVITALIZATION FUND, POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION PROVIDES TECHNICAL ASSISTANCE, FUNDING SOURCE IDENTIFICATION, AND HISTORIC RENOVATION CONSULTING. THE CORPORATION ALSO PROVIDES GAP FINANCING AND FORGIVABLE LOANS FOR THE RENOVATION OF HISTORIC BUILDINGS OR THE REDEVELOPMENT OF VACANT PROPERTIES IN DOWNTOWN COUNCIL BLUFFS, IA.THROUGH THE DOWNTOWN REVITALIZATION FUND, POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION PROVIDES TECHNICAL ASSISTANCE, FUNDING SOURCE IDENTIFICATION, AND HISTORIC RENOVATION CONSULTING. THE CORPORATION ALSO PROVIDES GAP FINANCING AND FORGIVABLE LOANS FOR THE RENOVATION OF HISTORIC BUILDINGS OR THE REDEVELOPMENT OF VACANT PROPERTIES IN DOWNTOWN COUNCIL BLUFFS, IA.THROUGH THE DOWNTOWN REVITALIZATION FUND, POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION PROVIDES TECHNICAL ASSISTANCE, FUNDING SOURCE IDENTIFICATION, AND HISTORIC RENOVATION CONSULTING. THE CORPORATION ALSO PROVIDES GAP FINANCING AND FORGIVABLE LOANS FOR THE RENOVATION OF HISTORIC BUILDINGS OR THE REDEVELOPMENT OF VACANT PROPERTIES IN DOWNTOWN COUNCIL BLUFFS, IA.THROUGH THE DOWNTOWN REVITALIZATION FUND, POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION PROVIDES TECHNICAL ASSISTANCE, FUNDING SOURCE IDENTIFICATION, AND HISTORIC RENOVATION CONSULTING. THE CORPORATION ALSO PROVIDES GAP FINANCING AND FORGIVABLE LOANS FOR THE RENOVATION OF HISTORIC BUILDINGS OR THE REDEVELOPMENT OF VACANT PROPERTIES IN DOWNTOWN COUNCIL BLUFFS, IA.
Financial data
Revenue
Total revenue$3,077,635.00$1,836,308.00$466,594.00$473,472.00$1,360,395.00
Revenue from contributions (total)$2,917,733.00$1,507,882.00$790,092.00$343,163.00$1,237,147.00
Investment income, current yr$2,168.00$2,370.00$2,155.00$2,458.00$2,970.00
Total revenue from grants, etc., current yr$2,917,733.00$1,507,882.00$790,092.00$343,163.00$1,237,147.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$200,000.00-$449,800.00$0.00-$1,754.00
Program service revenue (total)$157,734.00$126,056.00$124,147.00$127,851.00$122,032.00
Gross receipts$3,077,635.00$1,836,308.00$916,394.00$473,472.00$1,905,678.00
Sources of contributions
Revenue from gov't grants$1,660,788.00$1,097,693.00$113,041.00$20,670.00$20,749.00
Revenue from all other contributions$1,256,945.00$410,189.00$677,051.00$322,493.00$1,216,398.00
Other types of revenue
Miscellaneous revenue (total) $200,000.00   
Income from dividends, interest, and similar investments$2,168.00$2,370.00$2,155.00$2,458.00$2,970.00
Net rental income $0.00$0.00$0.00 
Net inventory sales (total)  -$449,800.00 -$1,754.00
Expense categories (totals)
Total functional expenses: sum of all$2,723,706.00$2,350,376.00$616,463.00$513,055.00$550,983.00
Total functional expenses: program service $2,647,334.00$2,307,760.00$575,461.00$449,670.00$507,704.00
Total functional expenses: management and general$76,372.00$42,616.00$41,002.00$63,385.00$43,279.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$41,853.00$31,515.00$32,526.00$37,770.00$76,194.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$7,912,442.00$7,546,039.00$8,326,978.00$8,619,368.00$8,671,645.00
Total assets, beginning of year$7,546,039.00$8,326,978.00$8,619,368.00$8,671,645.00$9,997,900.00
Total liabilities$1,345,093.00$1,332,619.00$1,599,490.00$1,679,111.00$1,691,805.00
Total liabilities, beginning of year$1,332,619.00$1,599,490.00$1,679,111.00$1,691,805.00$1,662,926.00
Pledges & accounts receivable, net   $62,900.00$493,232.00
Unrestricted net assets, end of yr$2,113,584.00$1,896,853.00$2,088,057.00$2,419,077.00$2,458,660.00
Temporarily restricted net assets$4,453,765.00$4,316,567.00$4,639,431.00$4,521,180.00$4,521,180.00
Net assets$6,567,349.00$6,213,420.00$6,727,488.00$6,940,257.00$6,979,840.00
Net assets, beginning of year$6,213,420.00$6,727,488.00$6,940,257.00$6,979,840.00$8,334,974.00
Cash: non-interest bearing, beginning of year    $71,346.00
Inventories for sale or use$989,208.00$989,208.00$984,208.00$1,434,008.00$1,434,008.00
Other financial variables
Revenue less expenses$353,929.00-$514,068.00-$149,869.00-$39,583.00$809,412.00
Advertising (total)$4,660.00   $1,079.00
Savings & temp cash investment$1,379,842.00$997,890.00$1,400,673.00$1,150,479.00$749,938.00
Accounts receivable, net$9,627.00$13,106.00$906,338.00$1,538,346.00$1,578,767.00
Prepaid expenses & deferred charges$13,519.00$3,796.00$13,454.00$15,471.00 
Accounts payable & accrued expenses$118,089.00$48,123.00$59,636.00$86,050.00$55,025.00
Secured mortgages and notes payable$1,227,004.00$1,284,496.00$1,539,854.00$1,593,061.00$1,636,780.00
Total net assets or fund balances$6,567,349.00$6,213,420.00$6,727,488.00$6,940,257.00$6,979,840.00
Depreciation, depletion, amortization$549.00    
Governance and accountability
Number of voting members129977
Number of independent voting members129977
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-07-012014-07-012013-07-012012-07-012011-07-01
Tax year end date2016-06-012015-06-012014-06-012013-06-012012-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrue  
Org has controlled entity   True 
Org transacted with controlled entity   True 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address changeTrueTrue   
Date e-filing submitted2017-04-052016-08-052014-12-292013-12-312013-08-20
IRS schema version2015v2.12014v6.02013v3.12012v2.02011v1.2
Filing identifier201623209349318357201611379349308741201413219349307406201303229349300045201341359349302549
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