Civic Intelligence

Menlo Development Corporation

EIN 23-7391179 • 501(c)4 • Algona, IA

Profile

To provide low rent housing in Menlo, Iowa.

PO Box 476Algona, IA 50511

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.45x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

0.32x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$62,083

Up $12,355 (+25%) from 2023

Liabilities

Down

$17,274

Down $4,096 (-19%) from 2023

Net Assets

Up

$44,809

Up $16,451 (+58%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin83rd percentile

Revenue

Up

$77,450

Up $7,371 (+11%) from 2023

Expenses

Down

$60,999

Down $11,335 (-16%) from 2023

Net Income

Up

$16,451

Up $18,706 (+830%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2015: $7,274Liabilities 2015: $0Net Assets 2015: $7,2742015Assets 2020: $46,362Liabilities 2020: $33,987Net Assets 2020: $12,3752020Assets 2021: $38,051Liabilities 2021: $28,768Net Assets 2021: $9,2832021Assets 2022: $55,231Liabilities 2022: $24,618Net Assets 2022: $30,6132022Assets 2023: $49,728Liabilities 2023: $21,370Net Assets 2023: $28,3582023Assets 2024: $62,083Liabilities 2024: $17,274Net Assets 2024: $44,8092024

Highlighted filing

2024

Assets$62,083
Liabilities$17,274
Net Assets$44,809
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2015: $4,439Expenses 2015: $0Net Income 2015: $4,4392015Revenue 2020: $59,954Expenses 2020: $50,091Net Income 2020: $9,8632020Revenue 2021: $55,367Expenses 2021: $58,459Net Income 2021: -$3,0922021Revenue 2022: $75,973Expenses 2022: $54,643Net Income 2022: $21,3302022Revenue 2023: $70,079Expenses 2023: $72,334Net Income 2023: -$2,2552023Revenue 2024: $77,450Expenses 2024: $60,999Net Income 2024: $16,4512024

Highlighted filing

2024

Revenue$77,450
Expenses$60,999
Net Income$16,451
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,083
Liabilities
$17,274
Net assets
$44,809
Revenue
$77,450
Expenses
$60,999
Net income
$16,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$62.1$17.3$44.8$77.5$61.0$16.5
2023Detailed filing. Detailed filing data is available for this year.$49.7$21.4$28.4$70.1$72.3$2.26
2022Detailed filing. Detailed filing data is available for this year.$55.2$24.6$30.6$76.0$54.6$21.3
2021Detailed filing. Detailed filing data is available for this year.$38.1$28.8$9.28$55.4$58.5$3.09
2020Detailed filing. Detailed filing data is available for this year.$46.4$34.0$12.4$60.0$50.1$9.86
2015Detailed filing. Detailed filing data is available for this year.$7.27$0.00$7.27$4.44$0.00$4.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.0
Gross Receipts
$77,450
Mission and Program Overview

Mission

To provide low rent housing in Menlo, Iowa.

Program Services

DescriptionGrantsExpenses
To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 13 families to find safe and affordable housing in Menlo.$0$60,999
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keryl GrastyPresident-$0--
Shirley GuisingerVice President-$0--
Deanna BergerSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Menlo Development Corporation
EIN
23-7391179
Phone
5152952927
Address
PO Box 476, Algona, IA 50511

Signing Officer

Name
Keryl Grasty
Title
President
Phone
5152313375
Signed
2025-05-02
Discuss with paid preparer
Yes

Preparer

Firm
Murphy Enterprises Inc
Address
Murphy Enterprises Inc, Algona, IA 50511
Preparer
William Murphy
Phone
5152952927
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Laundry $1518”

Form 990-EZ, Part I, Line 16

“Interest $1287 and Short term Loan Interest $912”

Form 990-EZ, Part II, Line 26

“Mortgage Balance $7342, Security Deposits $1200, and Short term Loan $8732”

Raw XML Appendix132 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Murphy Realty & Management Inc
IRS990EZ/BooksInCareOfDetail/PhoneNum05152952927
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0208 East State Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Algona
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050511
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt049728
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt062083
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt016451
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt010320
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt049728
IRS990EZ/Form990TotalAssetsGrp/EOYAmt062083
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt077450
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0545
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt028358
IRS990EZ/NetAssetsOrFundBalancesEOYAmt044809
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt028358
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt044809
IRS990EZ/OccupancyRentUtltsAndMaintAmt048480
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Keryl Grasty
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Shirley Guisinger
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Deanna Berger
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02199
IRS990EZ/OtherRevenueTotalAmt01518
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide low rent housing in Menlo, Iowa.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt075387
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 13 families to find safe and affordable housing in Menlo.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt060999
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt021370
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt017274
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt060999
IRS990EZ/TotalProgramServiceExpensesAmt060999
IRS990EZ/TotalRevenueAmt077450
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Laundry $1518
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Interest $1287 and Short term Loan Interest $912
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mortgage Balance $7342, Security Deposits $1200, and Short term Loan $8732
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Keryl Grasty
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05152313375
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MENLO DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MENL
ReturnHeader/Filer/EIN0237391179
ReturnHeader/Filer/PhoneNum05152952927
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 476
ReturnHeader/Filer/USAddress/CityNm0Algona
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050511
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270007462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Murphy Enterprises Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Algona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050511
ReturnHeader/PreparerPersonGrp/PhoneNum05152952927
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Murphy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-02T10:25:25-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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