Civic Intelligence

Birmingham Development Corp

EIN 42-1314559 • 501(c)4 • West Liberty, IA

Profile

AFFORDABLE HOUSING

PO Box 123West Liberty, IA 52776

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.73x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

2.41x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.4%

Higher net margin than 56% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-2.0%

Faster asset growth than 49% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

1.6%

Faster revenue growth than 55% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$273,103

Down $5,549 (-2.0%) from 2023

Liabilities

Down

$200,259

Down $9,175 (-4.4%) from 2023

Net Assets

Up

$72,844

Up $3,626 (+5.2%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin56th percentile

Revenue

Up

$82,970

Up $1,305 (+1.6%) from 2023

Expenses

Down

$79,344

Down $229 (-0.3%) from 2023

Net Income

Up

$3,626

Up $1,534 (+73%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$400K$300K$200K$100K$0Assets 2011: $386,579Liabilities 2011: $368,6052011Assets 2012: $387,525Liabilities 2012: $362,6952012Assets 2013: $378,329Liabilities 2013: $351,9392013Assets 2014: $361,966Liabilities 2014: $335,0362014Assets 2015: $352,194Liabilities 2015: $321,9942015Assets 2016: $348,902Liabilities 2016: $308,0942016Assets 2017: $333,190Liabilities 2017: $293,8982017Assets 2018: $308,585Liabilities 2018: $280,5552018Assets 2019: $309,442Liabilities 2019: $266,6422019Assets 2020: $312,297Liabilities 2020: $251,6612020Assets 2021: $292,378Liabilities 2021: $235,361Net Assets 2021: $57,0172021Assets 2022: $285,083Liabilities 2022: $217,957Net Assets 2022: $67,1262022Assets 2023: $278,652Liabilities 2023: $209,434Net Assets 2023: $69,2182023Assets 2024: $273,103Liabilities 2024: $200,259Net Assets 2024: $72,8442024

Highlighted filing

2024

Assets$273,103
Liabilities$200,259
Net Assets$72,844
Open 2024 Filing

Operations Trend

Revenue Growth55th percentile

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

$100K$50K$0-$50KRevenue 2011: $74,752Expenses 2011: $54,262Net Income 2011: $20,4902011Revenue 2012: $71,170Expenses 2012: $64,314Net Income 2012: $6,8562012Revenue 2013: $61,726Expenses 2013: $60,166Net Income 2013: $1,5602013Revenue 2014: $72,287Expenses 2014: $71,747Net Income 2014: $5402014Revenue 2015: $66,695Expenses 2015: $63,425Net Income 2015: $3,2702015Revenue 2016: $75,078Expenses 2016: $64,474Net Income 2016: $10,6042016Revenue 2017: $67,642Expenses 2017: $69,154Net Income 2017: -$1,5122017Revenue 2018: $71,871Expenses 2018: $76,086Net Income 2018: -$4,2152018Revenue 2019: $82,044Expenses 2019: $72,183Net Income 2019: $9,8612019Revenue 2020: $80,093Expenses 2020: $62,257Net Income 2020: $17,8362020Revenue 2021: $75,289Expenses 2021: $78,908Net Income 2021: -$3,6192021Revenue 2022: $82,933Expenses 2022: $72,824Net Income 2022: $10,1092022Revenue 2023: $81,665Expenses 2023: $79,573Net Income 2023: $2,0922023Revenue 2024: $82,970Expenses 2024: $79,344Net Income 2024: $3,6262024

Highlighted filing

2024

Revenue$82,970
Expenses$79,344
Net Income$3,626
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$273,103
Liabilities
$200,259
Net assets
$72,844
Revenue
$82,970
Expenses
$79,344
Net income
$3,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.73$2.00$0.73$0.83$0.79$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.79$2.09$0.69$0.82$0.80$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.85$2.18$0.67$0.83$0.73$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.92$2.35$0.57$0.75$0.79$0.04
2020Summary only. Only limited summary data is available for this year.$3.12$2.52$0.80$0.62$0.18
2019Summary only. Only limited summary data is available for this year.$3.09$2.67$0.82$0.72$0.10
2018Summary only. Only limited summary data is available for this year.$3.09$2.81$0.72$0.76$0.04
2017Summary only. Only limited summary data is available for this year.$3.33$2.94$0.68$0.69$0.02
2016Summary only. Only limited summary data is available for this year.$3.49$3.08$0.75$0.64$0.11
2015Summary only. Only limited summary data is available for this year.$3.52$3.22$0.67$0.63$0.03
2014Summary only. Only limited summary data is available for this year.$3.62$3.35$0.72$0.72$0.01
2013Summary only. Only limited summary data is available for this year.$3.78$3.52$0.62$0.60$0.02
2012Summary only. Only limited summary data is available for this year.$3.88$3.63$0.71$0.64$0.07
2011Summary only. Only limited summary data is available for this year.$3.87$3.69$0.75$0.54$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.0
Gross Receipts
$82,970
Mission and Program Overview

Mission

AFFORDABLE HOUSING

Provide 16 units of affordable housing to low to moderate income individuals.

Program Services

DescriptionGrantsExpenses
Birmingham Development Corporation owns 2 apartment complexes that were built to provide housing for low to moderate income individuals. Rent is on a sliding fee scale.$0$91,987
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry MeadePresident-$0--
Dennis ToppingVice-President-$0--
Kathy MorrisTreasurer-$0--
Jeanine ThurstonExecutive DirectorPT$0--
Bill BoleyDirector-$0--
Wes GreenfieldDirector-$0--
Jim MathiasDirector-$0--
Staci UnkrichDirector-$0--
Filing and Contact Details

Filer

Filer Name
Birmingham Development Corporation
EIN
42-1314559
Phone
3196272626
Address
PO Box 123, West Liberty, IA 52776

Signing Officer

Name
Jeanine Thurston
Title
Executive Director
Phone
3196272626
Signed
2025-04-29
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part II, Line 26

“USDA Rural Development loan for the building construction”

Raw XML Appendix146 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/PersonNm0Jeanine Thurston
IRS990EZ/BooksInCareOfDetail/PhoneNum03196272626
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 Gregg Lane
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0West Liberty
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd052776
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt037017
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt031468
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt03626
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt00
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0278652
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0273103
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt082970
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt0241635
IRS990EZ/LandAndBuildingsGrp/EOYAmt0241635
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt069218
IRS990EZ/NetAssetsOrFundBalancesEOYAmt072844
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt069218
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt072844
IRS990EZ/OccupancyRentUtltsAndMaintAmt079344
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Terry Meade
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Dennis Topping
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kathy Morris
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jeanine Thurston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Bill Boley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Wes Greenfield
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jim Mathias
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Staci Unkrich
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice-President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Provide 16 units of affordable housing to low to moderate income individuals.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt082970
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Birmingham Development Corporation owns 2 apartment complexes that were built to provide housing for low to moderate income individuals. Rent is on a sliding fee scale.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt091987
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0209434
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0200259
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt079344
IRS990EZ/TotalProgramServiceExpensesAmt091987
IRS990EZ/TotalRevenueAmt082970
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0USDA Rural Development loan for the building construction
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeanine Thurston
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03196272626
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIRMINGHAM DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BIRM
ReturnHeader/Filer/EIN0421314559
ReturnHeader/Filer/PhoneNum03196272626
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 123
ReturnHeader/Filer/USAddress/CityNm0West Liberty
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052776
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-04-29T09:24:20-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • <$500k nonprofits