POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION

Address
1228 S MAIN ST
COUNCIL BLFS, IA 51503-6521
Contact
Phone: +1 (712) 396-2494
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 42-1459560

Mission

REDEVELOPMENT OF UNDERUTILIZED
 20172016201520142013
Basic features of the organization
Year of formation1997
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area5920
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
Sum of reportable (W2/1099) compensation $52,632.00$57,592.00$67,435.00$64,890.00
Number of employees 0000
Number of volunteers 0007
Personnel
Alford, Mike
Title MEMBER   
Name of key/compensated person MIKE ALFORD   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1   
Behrens, Bobbette
Title CHAIRMANPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated person BOBBETTE BEHRENSBOBBETTE BEHRENSBOBBETTE BEHRENSBOBBETTE BEHRENS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 3.003.003.003.00
Blum, Kristen
Title SECRETARY   
Name of key/compensated person KRISTEN BLUM   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Carman, Kelly
Title VICE CHAIRMANDIRECTORDIRECTOR 
Name of key/compensated person KELLY CARMANKELLY CARMANKELLY CARMAN 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
Coughlin, Renee
Title MEMBERDIRECTORDIRECTOR 
Name of key/compensated person RENEE COUGHLINRENEE COUGHLINRENEE COUGHLIN 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
Goodman, Doug
Title  SECRETARYSECRETARYSECRETARY
Name of key/compensated person  DOUG GOODMANDOUG GOODMANDOUG GOODMAN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Goodman, Douglas
Title CHAIRMAN   
Name of key/compensated person DOUGLAS GOODMAN   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 3.00   
Guill, Rick
Title MEMBER   
Name of key/compensated person RICK GUILL   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1   
Hannon, Chad
Title MEMBER   
Name of key/compensated person CHAD HANNON   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Horner, Carol
Title MEMBER   
Name of key/compensated person CAROL HORNER   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Jackson, Chet
Title CEO   
Name of key/compensated person CHET JACKSON   
Position of compensated person
Average hours per week working for org 40   
Johnson, Matt
Title TREASURER   
Name of key/compensated person MATT JOHNSON   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Leach, Edd
Title VICE CHAIRMANVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT
Name of key/compensated person EDD LEACHEDD LEACHEDD LEACHEDD LEACH
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Matters, Gary
Title MEMBERDIRECTORDIRECTORDIRECTOR
Name of key/compensated person GARY MATTERSGARY MATTERSGARY MATTERSGARY MATTERS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Mundt, Bob
Title INTERIM CEO   
Name of key/compensated person BOB MUNDT   
Position of compensated person
Average hours per week working for org 20   
Rasmussen, Brian
Title  TREASURERTREASURERTREASURER
Name of key/compensated person  BRIAN RASMUSSENBRIAN RASMUSSENBRIAN RASMUSSEN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Rassmussen, Brian
Title TREASURER   
Name of key/compensated person BRIAN RASSMUSSEN   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Recker, Amy
Title  EXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOR
Name of key/compensated person  AMY RECKERAMY RECKERAMY RECKER
Position of compensated person
Average hours per week working for org  40.0040.0040.00
Reddish, Lorrie
Title MEMBER   
Name of key/compensated person LORRIE REDDISH   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Tauke, Tony
Title MEMBERDIRECTORDIRECTORDIRECTOR
Name of key/compensated person TONY TAUKETONY TAUKETONY TAUKETONY TAUKE
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Tekippe, Ron
Title MEMBERDIRECTORDIRECTORDIRECTOR
Name of key/compensated person RON TEKIPPERON TEKIPPERON TEKIPPERON TEKIPPE
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Purpose: mission, activities, & accomplishments
Mission or significant activities 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
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
Program revenue $14,448.00   
Grants and allocations made $250,000.00   
Program description 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
Program revenue $143,286.00 -$325,653.00$127,851.00
Grants and allocations made $1,656,008.00$1,092,913.00$102,345.00 
Program description 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$208,029.00$3,077,635.00$1,836,308.00$466,594.00$473,472.00
Revenue from contributions (total) $2,917,733.00$1,507,882.00$790,092.00$343,163.00
Investment income, current yr $2,168.00$2,370.00$2,155.00$2,458.00
Total revenue from grants, etc., current yr $2,917,733.00$1,507,882.00$790,092.00$343,163.00
Total unrelated business revenue    $0.00
Other revenue, current yr $0.00$200,000.00-$449,800.00$0.00
Program service revenue (total) $157,734.00$126,056.00$124,147.00$127,851.00
Sources of contributions
Revenue from gov't grants $1,660,788.00$1,097,693.00$113,041.00$20,670.00
Revenue from all other contributions $1,256,945.00$410,189.00$677,051.00$322,493.00
Other types of revenue
Miscellaneous revenue (total)  $200,000.00  
Investment income $2,168.00$2,370.00$2,155.00$2,458.00
Net rental income   $0.00 
Net inventory sales (total)   -$449,800.00 
Expense categories (totals)
Total functional expenses: sum of all $2,723,706.00$2,350,376.00$616,463.00$513,055.00
Total functional expenses: program service  $2,647,334.00$2,307,760.00$575,461.00$449,670.00
Total functional expenses: management and general $76,372.00$42,616.00$41,002.00$63,385.00
Total functional expenses: fundraising $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
Fundraising service fees (total) $0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$9,970,599.00$7,912,442.00$7,546,039.00$8,326,978.00$8,619,368.00
Total assets, beginning of year $7,546,039.00$8,326,978.00$8,619,368.00$8,671,645.00
Total liabilities $1,345,093.00$1,332,619.00$1,599,490.00$1,679,111.00
Total liabilities, beginning of year $1,332,619.00$1,599,490.00$1,679,111.00$1,691,805.00
Pledges & accounts receivable, net    $62,900.00
Unrestricted net assets, end of yr $2,113,584.00$1,896,853.00$2,088,057.00$2,419,077.00
Temporarily restricted net assets $4,453,765.00$4,316,567.00$4,639,431.00$4,521,180.00
Net assets $6,567,349.00$6,213,420.00$6,727,488.00$6,940,257.00
Net assets, beginning of year $6,213,420.00$6,727,488.00$6,940,257.00$6,979,840.00
Inventories for sale or use $989,208.00$989,208.00$984,208.00$1,434,008.00
Other financial variables
Revenue less expenses $353,929.00-$514,068.00-$149,869.00-$39,583.00
Advertising (total) $4,660.00   
Savings & temp cash investment $1,379,842.00$997,890.00$1,400,673.00$1,150,479.00
Accounts receivable, net $9,627.00$13,106.00$906,338.00$1,538,346.00
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
Secured mortgages and notes payable $1,227,004.00$1,284,496.00$1,539,854.00$1,593,061.00
Total net assets or fund balances $6,567,349.00$6,213,420.00$6,727,488.00$6,940,257.00
Depreciation, depletion, amortization $549.00   
Governance and accountability
Number of voting members 12997
Number of independent voting members 12997
Financial sheets were audited TrueTrueTrueTrue
Audit on consolidated basis TrueTrueTrueTrue
Accrual accounting TrueTrueTrueTrue
Tax year start date 2015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-12-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k TrueTrueTrue 
Org has controlled entity    True
Org transacted with controlled entity    True
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990990990
Reason for form submission
Address change TrueTrue  
IRS schema version 2015v2.12014v6.02013v3.12012v2.0
Filing identifier 201623209349318357201611379349308741201413219349307406201303229349300045
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