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

94th percentile

0.75x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

2.56x

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

501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

52nd percentile

2.6%

Higher net margin than 52% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

47th percentile

-2.3%

Faster asset growth than 47% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

-1.5%

Faster revenue growth than 47% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th 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 Margin52nd 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 Growth47th 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 Growth47th 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

16 units of income based 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 Pay91st 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