Seventy-Five North Revitalization Corporation

Organization Overview

Seventy-Five North Revitalization Corporation is located in Omaha, NE. The organization was established in 2011. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2021, Seventy-Five North Revitalization Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seventy-Five North Revitalization Corporation 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, Seventy-Five North Revitalization Corporation generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2020. 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 MISSION OF THE SEVENTY-FIVE NORTH REVITALIZATION CORPORATION IS TO BREAK THE CYCLE OF POVERTY AND COMMUNITY DETERIORATION BY FACILITATING THE CREATION OF HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITIES COMPLETE WITH THRIVING SCHOOLS, RECREATIONAL FACILITIES, AND OTHER AMENITIES THAT WILL ATTRACT NEW PUBLIC AND PRIVATE INVESTMENT TO NORTH OMAHA NEIGHBORHOODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING - ACQUISITION AND STRATEGIC PLANNING FOR PROPERTIES IN NORTH OMAHA IN ORDER TO REVITALIZE THE AREA THROUGH REPURPOSING OF VACANT, ABANDONED, CONDEMNED, AND UNCLAIMED STRUCTURES AND KEY PARCELS OF LAND THROUGHOUT THE NORTHEAST SECTION OF THE CITY. THE DEVELOPMENT PROJECT IS LOCATED IN THE HIGHLANDER NEIGHBORHOOD.


EDUCATION - SUPPORT AND BUILD THRIVING SCHOOLS IN THE HIGHLANDER NEIGHBORHOOD AREA, INCLUDING HOWARD KENNEDY ELEMENTARY SCHOOL.


COMMUNITY - SUPPORT AND ENRICH THE RESIDENTS OF THE HIGHLANDER NEIGHBORHOOD AND SURROUNDING AREA BY OFFERING PROGRAMS TO ADVANCE SKILLS AND OTHER AMENITIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $199,041
All other contributions, gifts, grants, and similar amounts not included above$4,253,002
Noncash contributions included in lines 1a–1f $2,525,999
Total Revenue from Contributions, Gifts, Grants & Similar$4,452,043
Total Program Service Revenue$696,559
Investment income $728,330
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$7,826
Net Gain/Loss on Asset Sales $15,234
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,917,570

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Seventy-Five North Revitalization Corporation has recieved totaling $19,219,133.

Awarding OrganizationAmount
Sherwood Foundation

Omaha, NE

PURPOSE: HIGHLANDER PROJECT PHASE IV & V

$8,000,000
Sherwood Foundation

Omaha, NE

PURPOSE: HIGHLANDER PROJECT PHASE IV & V

$5,000,000
Sherwood Foundation

Omaha, NE

PURPOSE: ACCELERATOR GREENHOUSE

$3,125,648
Sherwood Foundation

Omaha, NE

PURPOSE: BRIDGE LOAN REPAYMENT

$1,200,000
Sherwood Foundation

Omaha, NE

PURPOSE: DEMOLITION OSBN

$400,000
Sherwood Foundation

Omaha, NE

PURPOSE: 2021 OPERATING GRANT

$400,000
View Grant Recipient Profile

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