Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.19x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
39th percentile
Higher net margin than 39% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$406,305
No earlier filing loaded for comparison.
Net Assets
$330,525
No earlier filing loaded for comparison.
Liabilities
$75,780
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$57,489
No earlier filing loaded for comparison.
Expenses
$58,086
No earlier filing loaded for comparison.
Net Income
-$597
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2024 to Mar 31, 2025
- Signed
- Aug 4, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $57,489
Mission and Program Overview
Mission
To provide housing assistance and economic development in the albion nebraska community. The albion development co inc will partner with other developmental organizations to fulfill it's mission.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE HOUSING ASSISTANCE AND ECONOMIC DEVELOPMENT IN THE ALBION NEBRASKA COMMUNITY. THE ALBION DEVELOPMENT CO INC OPERATES THE ALBION MANOR LLC, A LOW INCOME HOUSING DEVELOPMENT FOR SENIOR CITIZENS. | - | $55,899 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MICHELLE GRAGERT | Director | - | $0 | - | - |
| JEFFREY C JARECKI | President | - | $0 | - | - |
| BROCK KUESTER | Director | - | $0 | - | - |
| TONY LEVANDER | Director | - | $0 | - | - |
| JOHN MOELLER | Director | - | $0 | - | - |
| ANDY ROBERTS | Vice-Preside | - | $0 | - | - |
| STEVEN RUZEK | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Albion Development Co Inc
- EIN
- 47-0536908
- Phone
- 4023952151
- Address
- 525 W STATE STREET, ALBION, NE 68620
Signing Officer
- Name
- Jeffrey C Jarecki
- Title
- President
- Phone
- 4023952151
- Signed
- 2025-08-04
Preparer
- Firm
- Mueller & Honcik Pc
- Address
- 1365 24TH AVENUE STE 100, COLUMBUS, NE 68601-5025
- Preparer
- Jordan Mueller CPA
- Phone
- 4025633538
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising 2 interest expense 1,710 insurance 8,629 miscelleanoues expense 41 tax & license 30 non-investment depreciation 27,608 total 38,020”
Form 990-ez, Part II, Line 24
“Building, furniture & fixtures 754,255 764,004 less accumulated depreciation 546,723 574,331 intangible assets 4,207 4,342 less accumulated amortization 4,078 4,342 other current assets 463 0 total 208,124 189,673”
Form 990-ez, Part II, Line 26
“Unsecured notes and loans payable 50,439 50,439 other current liabilities 1,025 0 accrued expenses 10,365 3,204 tenant security deposit 3,551 4,087 note payable-cs bank 23,487 18,050 other adjustments 561 0”
Form 990-ez, Part III
“To provide housing assistance and economic development in the albion nebraska community. The albion development co inc will partner with other developmental organizations to fulfill it's mission.”
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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | STEVEN RUZEK |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4023952151 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 240 S 3RD STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | 240 S 3RD STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ALBION |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NE |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 68620 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 67458 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 71664 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -597 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 471 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 420550 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 406305 |
| IRS990EZ/GrossReceiptsAmt | 0 | 57489 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1515 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 144968 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 144968 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 331122 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 330525 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 331122 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 330525 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 19339 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MICHELLE GRAGERT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JEFFREY C JARECKI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BROCK KUESTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TONY LEVANDER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JOHN MOELLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | ANDY ROBERTS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | STEVEN RUZEK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | VICE-PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 208124 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 189673 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 38020 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE HOUSING ASSISTANCE AND ECONOMIC DEVELOPMENT IN THE ALBION NEBRASKA COMMUNITY. THE ALBION DEVELOPMENT CO INC WILL PARTNER WITH OTHER DEVELOPMENTAL ORGANIZATIONS TO FULFILL IT'S MISSION. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 256 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 55974 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE HOUSING ASSISTANCE AND ECONOMIC DEVELOPMENT IN THE ALBION NEBRASKA COMMUNITY. THE ALBION DEVELOPMENT CO INC OPERATES THE ALBION MANOR LLC, A LOW INCOME HOUSING DEVELOPMENT FOR SENIOR CITIZENS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 55899 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 89428 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 75780 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 58086 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 55899 |
| IRS990EZ/TotalRevenueAmt | 0 | 57489 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 1515 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1515 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 55974 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 55974 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 1515 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1515 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.03000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.97360 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 55974 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 55974 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 55974 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 57489 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 57489 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 2 INTEREST EXPENSE 1,710 INSURANCE 8,629 MISCELLEANOUES EXPENSE 41 TAX & LICENSE 30 NON-INVESTMENT DEPRECIATION 27,608 TOTAL 38,020 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BUILDING, FURNITURE & FIXTURES 754,255 764,004 LESS ACCUMULATED DEPRECIATION 546,723 574,331 INTANGIBLE ASSETS 4,207 4,342 LESS ACCUMULATED AMORTIZATION 4,078 4,342 OTHER CURRENT ASSETS 463 0 TOTAL 208,124 189,673 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UNSECURED NOTES AND LOANS PAYABLE 50,439 50,439 OTHER CURRENT LIABILITIES 1,025 0 ACCRUED EXPENSES 10,365 3,204 TENANT SECURITY DEPOSIT 3,551 4,087 NOTE PAYABLE-CS BANK 23,487 18,050 OTHER ADJUSTMENTS 561 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO PROVIDE HOUSING ASSISTANCE AND ECONOMIC DEVELOPMENT IN THE ALBION NEBRASKA COMMUNITY. THE ALBION DEVELOPMENT CO INC WILL PARTNER WITH OTHER DEVELOPMENTAL ORGANIZATIONS TO FULFILL IT'S MISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JEFFREY C JARECKI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4023952151 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-08-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ALBION DEVELOPMENT CO INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ALBI |
| ReturnHeader/Filer/EIN | 0 | 470536908 |
| ReturnHeader/Filer/PhoneNum | 0 | 4023952151 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 525 W STATE STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALBION |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NE |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 68620 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 470628029 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MUELLER & HONCIK PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1365 24TH AVENUE STE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | COLUMBUS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 686015025 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4025633538 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-08-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JORDAN MUELLER CPA |
| ReturnHeader/ReturnTs | 0 | 2025-08-07T12:58:01-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-04-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-03-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $406,305
- Liabilities
- $75,780
- Net assets
- $330,525
- Revenue
- $57,489
- Expenses
- $58,086
- Net income
- -$597