Nonprofit · EIN 42-1459560
POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION
Tax-exempt · COUNCIL BLFS, IA 51503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $803,983 | $1,496,479 | -$692,496 | $11,862,478 | $2,388,588 | $9,473,890 |
| December 31, 2024 | 990 | $766,149 | $1,782,182 | -$1,016,033 | $13,506,285 | $3,339,899 | $10,166,386 |
| December 31, 2023 | 990 | $3,930,489 | $1,980,109 | $1,950,380 | $15,645,673 | $4,463,254 | $11,182,419 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $61,326
- of which government grants
- $132,727
- Program service revenue
- $867,318
- Investment income
- $37,582
- Net gain from sales of assets
- $717
- Net income from sales of inventory
- -$161,466
- Other revenue
- -$162,243
Expenses
- Grants and similar amounts paid
- $35,675
- Compensation of officers, directors and key employees
- $81,365
- Other salaries and wages
- $217,856
- Salaries, compensation and benefits (total)
- $343,636
- Professional fundraising fees
- $0
- Legal fees
- $5,298
- Accounting fees
- $70,778
- Occupancy
- $374,628
- Travel
- $1,004
- Depreciation
- $294,772
- Program services (functional)
- $1,266,639
- Management and general (functional)
- $210,693
- Fundraising (functional)
- $19,147
Balance sheet and other
- Total assets, start of year
- $13,506,285
- Total assets, end of year
- $11,862,478
- Total liabilities, end of year
- $2,388,588
- Net assets, end of year
- $9,473,890
- Land, buildings and equipment
- $7,910,762
- Net assets without donor restrictions
- $9,454,393
- Net assets with donor restrictions
- $19,497
- Gross unrelated business income
- $78,949
- Gross receipts
- $1,884,232
- Employees
- 0
- Volunteers
- 419
- Year formed
- 1997
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Chris LaFerla | Chief Executive Officer Officer | 20 | $72,991 | $72,991 | $14,669 |
| Wyatt Greenwood | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer Fletcher | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nikki Rauth | Director Trustee or director | 1 | $0 | $0 | $0 |
| Shane Hoss | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jessica Vanderpool | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dave Wise | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brent Hoesing | Director Trustee or director | 1 | $0 | $0 | $0 |
| John Dresher | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dave Burd | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Hannah Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Vickie Murillo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Hartman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mark Hanwright | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dan Kinney | Director Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeremy Majeres | Director Trustee or director | 1 | $0 |
| George Barton | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Chris LaFerla | Chief Executive Officer Officer | 20 | $76,216 | $131,823 | $21,462 |
| Amy Carlous | Past- President Trustee or director | 2 | $0 | $0 | $0 |
| Amy McDermott | Past-Board Secretary Trustee or director | 1 | $0 | $0 | $0 |
| Tom Hanafan | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Nikki Rauth | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kerrie Snyder | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Shane Hoss | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jessica Vanderpool | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dave Wise | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brent Hoesing | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| John Dresher | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dave Burd | Chair-Elect Trustee or director | 1 | $0 | $0 | $0 |
| George Barton | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dan Kinney | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Sammy Evan | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| David Zimmerman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Hannah Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dr Vickie Murillo | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Soctt Hartman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Wyatt Greenwood | Past Board Vice-Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jennifer Fletcher | Board Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mark Hanwright | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERYL GARST | CHIEF EXECUTIVE OFFICER Officer | 40 | $46,874 | $1,019 |
| KERRIE SNYDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NIKKI RAUTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETE PETERSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARRY CLEVELAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JESSICA VANDERPOOL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHANE HOSS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM HANAFAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAUREN ROLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDD COCHRAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WYATT GREENWOOD | BOARD VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMY CAROLUS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMY MCDERMOTT | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER FLETCHER | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LISA FOX | CONTRACTED CEO Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 149 W BROADWAY, COUNCIL BLFS, IA 51503-4312
- In care of
- % CHRIS LAFERLA
- Principal officer (990 for 2025)
- Chris LaFerla, 149 W Broadway, Council Bluffs, IA 51503
- Signed the 990
- CHRIS LAFERLA, CEO
- Phone
- (712) 396-2494
- Return prepared by
- J Randall CPA LLC
Mission
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.
Program accomplishments
- 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.Expenses $863,464 · revenue $763,947
- 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.Expenses $212,578 · revenue $38,812
- 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.Expenses $132,021 · grants $35,675 · revenue $36,672
- 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.Expenses $58,576 · revenue $27,887
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1459560
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $11,862,478
- Income (IRS master file)
- $1,884,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $803,983 | $1,496,479 | $11,862,478 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $766,149 | $1,782,182 | $13,506,285 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,930,489 | $1,980,109 | $15,645,673 | XML |
| 990 | December 2022 | $4,004,166 | $1,459,822 | $14,638,209 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1459560).
Questions about POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION
- What is the EIN of POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION is 42-1459560.
- Is POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names Chris LaFerla.
- Who are the officers and directors of POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $72,991 (Chris LaFerla, Chief Executive Officer).
- How much revenue does POTTAWATTAMIE COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $803,983, expenses of $1,496,479 and total assets of $11,862,478 at year end.
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All nonprofits in COUNCIL BLFS · Iowa · Community improvement and capacity building