2026-08-31T13:45:48-06:00 2025-12-31 883059471 J Randall CPA LLC 4848 S 120th St Ste 410 Omaha NE 68137 990 2025-01-01 421459560 Pottawattamie County Development Corporation % Chris LaFerla POTT 7123962494 149 W Broadway Council Bluffs IA 51503 CHRIS LAFERLA CEO 7123251000 2026-06-30 true JOSHUA RANDALL P01653110 4028031392 2026-08-31 2025 The 712 Initiative Chris LaFerla 149 W Broadway Council Bluffs IA 51503 1884232 false X X 1997 IA 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. 15 15 0 419 78949 0 227792 61326 864795 867318 65773 37582 -392211 -162243 766149 803983 28191 35675 0 267491 343636 9722 0 19147 1476778 1117168 1782182 1496479 -1016033 -692496 13506285 11862478 3339899 2388588 10166386 9473890 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. false false 863464 763947 Rentals-The 712 revitalizes areas through investments in the built environment by buying distressed properties, renovating, and operating mixed use rental properties. These provide much needed housing while also activiating public spaces by having people live and work in these areas. 212578 38812 Quality of Life-Enhancing community life and well-being by increasing social connectedness of residents in Council Bluffs, IA through endeavors that activate public spaces, create new forms of entertainment and support current attractions/events. The 712 fosters partnerships with the public and private sectors to provide quality options for recreation and healthy lifestyles. In 2025 The 712 hosted events suchs as the Shamrock Shuffle which had 376 participants, Celebrate CB that had 1,600 people participate in the parade with over 5,000 spectators and a Farmers Market which averaged 650 people attending each week it was held. The 712 also partnered with others for events to bring the community together. 132021 35675 36672 Neighborhood Building-Strengthening neighborhoods city wide with programming which provides general support while increasing public engagement in redevelopment projects, public space improvement 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 that can be used to put on movie nights. To further improve neighborhoods. During 2025 The 712 donated 2 properties for home construction and sold 4 homes it had completed rehabilitation and new construction on. 58576 27887 Development- The 712 improves economic vitality in redevelopment areas through investemnts to improve the variety of quality housing and commercial stock in Council Bluffs. These investemnts attract new professionals and residents to the community. The 712s efforts to attract new property investments are accomplished through introduction of new developers to the community and through The 712 buying and rehabilitating properties. 58576 27887 1266639 true true false false false false false false true false true false false false true true true true false false false false false false false false false true true true false false false false false true false false false false false false true true false false false true 14 0 true 0 true true false false false false false false false false X 15 15 false false true false false false false true true false false true true true true true false false false false X The 712 Initiative 7123962494 149 W Broadway Council Bluffs IA 51503 Chris LaFerla Chief Executive Officer 20.00 20.00 X 72991 72991 14669 Wyatt Greenwood Director 1.00 1.00 X 0 0 0 Jennifer Fletcher Treasurer 1.00 1.00 X X 0 0 0 Nikki Rauth Director 1.00 1.00 X 0 0 0 Shane Hoss Director 1.00 1.00 X 0 0 0 Jessica Vanderpool Director 1.00 1.00 X 0 0 0 Dave Wise Director 1.00 1.00 X 0 0 0 Brent Hoesing Director 1.00 1.00 X 0 0 0 John Dresher Director 1.00 1.00 X 0 0 0 Dave Burd Chair 1.00 1.00 X X 0 0 0 Hannah Smith Director 1.00 1.00 X 0 0 0 Dr Vickie Murillo Director 1.00 1.00 X 0 0 0 Scott Hartman Director 1.00 1.00 X 0 0 0 Mark Hanwright Director 1.00 1.00 X 0 0 0 Dan Kinney Director 1.00 1.00 X 0 0 0 Jeremy Majeres Director 1.00 1.00 X 0 0 0 George Barton Director 1.00 1.00 X 0 0 0 72991 72991 14669 0 false true false 132727 -71401 13950 61326 Financing Revenue 900099 27887 27887 Events and Programming 900099 38812 38812 Rental 900099 763947 684998 78949 Development Management 900099 36672 36672 867318 36865 36865 2500 1783 717 717 717 0 917000 1078466 -161466 -161466 Other Revenue 900099 -777 -777 -777 803983 626843 78949 36865 29675 29675 6000 6000 81365 81365 217856 160614 48481 8761 8557 6746 1443 368 9439 7109 1942 388 26419 14530 11096 793 48328 48328 5298 4533 700 65 70778 32279 36014 2485 29175 21218 3536 4421 383 374 8 1 6036 4430 1530 76 10905 9225 1538 142 374628 357846 15663 1119 1004 552 422 30 4076 2410 1555 111 88475 88317 147 11 294772 293535 1155 82 22517 18200 4029 288 Rental Operating 69918 69918 DevelopProgramEvent 91901 91826 69 6 Provision for CECL -1026 -1026 1496479 1266639 210693 19147 284676 225860 1339365 1198055 53604 76971 212634 1595174 1537490 1428937 478175 9793 7495 9034514 1123752 8152839 7910762 423000 423000 6263 4670 13506285 11862478 288513 188553 3750 25887 28994 3019236 2150921 6263 16370 3339899 2388588 X 9826390 9454393 339996 19497 10166386 9473890 13506285 11862478 -692496 0 X false true X true false X 1325090 3535318 3222751 227792 61326 8372277 12000 12000 12000 12000 48000 1325090 3547318 3234751 239792 73326 8420277 4127844 4292433 8465 8713 3408 65773 36865 123224 140110 129146 75579 344835 8888336 2357213 0.48290 0.48560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 25887 3107 28994 true X 645900 645900 7692073 1033309 6658764 79922 49198 30724 616619 41245 575374 7910762 Operating Lease Liability 4670 Forgivable Mortgage 11700 16370 X 815983 12000 12000 803983 803983 1508479 12000 12000 1496479 1496479 Part IV, Line 2-Explanation of escrow or custodial account liability Security Deposits are held for residential and commercial tenants for its mixed-use properties. Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) The 712 accounts for uncertainties in accounting for income tax assets and liabilities using the guidance included in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740, Income Taxes. There are no uncertainties that are relfected in the financial statements and, with few exceptions, The 712 is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for years before 2023. true NeighborWorks Home Solutions 222 S 6th St Council Bluffs IA 51501 470754453 501c3 27900 FMV Land Construction of homes for low income 1 Down payment assistance 1 6000 FMV false false false false false false false false false CHRIS LAFERLA Chief Executive Officer 72991 72991 7196 7473 80187 80464 Related organization compensation method (Part I, line 3) The CEO's salary is determined by the board for the Chamber of Commerce of Council Bluffs and is set by review ofcompensation and approval by the board. Mark Hanwright Board member/ real estate agent 26228 Commission fees paid to real estate company false Organizational document changes Part VI line 4 The 712 updated its bylaws during the year. Changes included restructuring the board of directors to align with the Council Bluffs Chamber of Commerce board, establishing an executive committee and revising officer roles and goverance structure. Form 990 governing body review Part VI line 11 The board receives a copy for review prior to filing. Conflict of interest policy compliance Part VI line 12c Board members are required to disclose any known conflicts of interest annually. Members who have conflicts do not vote or lobby on behalf of an issue where a conflict exists. If a conflict is known or a member feels another memeber has a conflict, that member is asked to declare it during the discussion. CEO executive director top management comp Part VI line 15a The CEO is an employee of a related Organization and their compensation is determined by that Organization. Governing documents etc available to public Part VI line 19 The Organization does not make its governing documents or conflict of interest policy available to the public. Financial statements are available to the public upon request. General explanation attachment The 712 is related to the Council Bluffs Chamber (Chamber) of Commerce and Chamber Foundation via a common board of directors who oversee all three entities. There are agreements in place between The 712 and the Chamber for shared costs and staff. The Chamber acts as a common payroll master between the organizations and reimburses the Chamber for payroll related costs of staff. For purposes of the 990, costs associated with staff are reported as payroll expenses within the 990 to provide clarity. Hughes-Irons Building LLC 149 W Broadway Council Bluffs IA 51503 270843660 Residential and Commercial Rents IA 487223 2605323 N/A Cohen Building LLC 530 W Broadway Council Bluffs IA 51503 882971981 Residential and Commercial Rents IA 276724 4865815 N/A 12 Scott LLC 12 Scott ST Council Bluffs IA 51503 882958281 Residential and Commercial Rents IA 511047 N/A Council Bluffs Chamber of Commerce 149 W Broadway Council Bluffs IA 51503 420198270 Business networking, workforce development and advocacy IA 501c6 N/A false CB Chamber of Commerce Foundation 149 W Broadway Council Bluffs IA 51503 853060006 Support CB Chamber functions IA 501c3 10 N/A false false false false false false false false false false true false false false true false true false false false Council Bluffs Chamber of Commerce j 116713 FMV Council Bluffs Chamber of Commerce n Cost Council Bluffs Chamber of Commerce p 375390 Cost