Civic Intelligence

Paramount Development Inc

EIN 83-1998197 • 501(c)3 • Clive, IA

Pub. 78 Eligible990-N Coverage

Profile

The organization is organized primarily for the purpose of providing decent, affordable housing opportunities for extremely low-income to moderate-income households.

15191 Hawthorn DrClive, IA 50325

www.paramountdevelopment.org

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.22x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

95th percentile

$58,333

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

18th percentile

-56%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

20th percentile

-45%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$9,360

Down $11,678 (-56%) from 2024

Liabilities

Down

$2,056

Down $48,039 (-96%) from 2024

Net Assets

Up

$7,304

Up $36,361 (+125%) from 2024

Operations
Liabilities / Revenue69th percentileNet Margin72nd percentile

Revenue

Down

$208,943

Down $168,759 (-45%) from 2024

Expenses

Down

$172,582

Down $230,772 (-57%) from 2024

Net Income

Up

$36,361

Up $62,013 (+242%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$60K$40K$20K$0-$20K-$40KAssets 2024: $21,038Liabilities 2024: $50,095Net Assets 2024: -$29,0572024Assets 2025: $9,360Liabilities 2025: $2,056Net Assets 2025: $7,3042025

Highlighted filing

2025

Assets$9,360
Liabilities$2,056
Net Assets$7,304
Open 2025 Filing

Operations Trend

Revenue Growth20th percentile

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

$600K$400K$200K$0-$200KRevenue 2024: $377,702Expenses 2024: $403,354Net Income 2024: -$25,6522024Revenue 2025: $208,943Expenses 2025: $172,582Net Income 2025: $36,3612025

Highlighted filing

2025

Revenue$208,943
Expenses$172,582
Net Income$36,361
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,360
Liabilities
$2,056
Net assets
$7,304
Revenue
$208,943
Expenses
$172,582
Net income
$36,361
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$2.09$1.73$0.36
2024Detailed filing. Detailed filing data is available for this year.$0.21$0.50$0.29$3.78$4.03$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 3, 2026
Return Version
2025v4.0
Gross Receipts
$208,943
Mission and Program Overview

Mission

The organization is organized primarily for the purpose of providing decent, affordable housing opportunities for extremely low-income to moderate-income households.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,497$7,360▼ $7,137
Accounts Receivable$4,541$0▼ $4,541
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$21,038$9,360▼ $11,678
Other Assets Total$2,000$2,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$15,554--
Other Liabilities$34,541$2,056▼ $32,485
Total Liabilities$50,095$2,056▼ $48,039
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-29,057$7,304▲ $36,361
Total Net Assets Fund Balance$-29,057$7,304▲ $36,361
Total Liabilities and Net Assets / Fund Balance$21,038$9,360▼ $11,678

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,000--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jerry FloydExecutive DirectorFT$58,333$58,333

Board Members and Trustees

NameTitle
Ken MattesonChairman
Anne TriplettDirector
Christy KlobnakDirector
Daejohn LoveDirector
Kimberly HansenDirector
Rachelle SetsodiDirector
Shonna FloydSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$208,908
Program Service Revenue
$0
Investment Income
$35
Other Revenue
$0
All Other Contributions
$208,908
Change in Net Assets
$36,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,692
Salaries, Compensation, and Employee Benefits$63,271
Other Expenses$21,619
Total Fundraising Expense$3,949
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$87,692--$87,692
Current Officers, Directors, Trustees, and Key Employees$52,500$2,917$2,917$58,334
Fees for Services Other$7,000--$7,000
Payroll Taxes$4,443$247$247$4,937
Fees for Services Accounting$2,339$130$130$2,599
Insurance$1,628$90$90$1,808
Interest$736$41$41$818
Other Expenses$161$60$60$120
Office Expenses$79$4$4$87
Fees for Services Legal$63$3$4$70
Travel$4$1-$5
Total Functional Expenses$164,684$3,949$3,949$172,582
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable - Paramount Equity$2,000
Payable - Jerry Floyd$56
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jerry floyd and shonna floyd are married individuals. Jerry is the executive director of paramount development. Shonna is the secretary/treasurer. Both indivduals are nonvoting members of the board of directors.”

Form 990, Part VI, Section B, Line 11B

“A copy of the organizations form 990 is made available to its board of directors and the board of directors approve the filing of the 990 by a majority vote.”

Form 990, Part VI, Section B, Line 15A

“A COMMITTEE OF THE INDEPENDENT BOARD OF DIRECTORS ESTABLISHES THE PAY FOR THE EXECUTIVE DIRECTOR BASED ON COMPARABILITY STUDIES. THE COMPENSATION COMMITTEE recommends and the full board approves the compensation.”

Form 990, Part VI, Section C, Line 19

“All organization documents required to be made available to the public are available for public inspection upon written request to:jerry floyd, executive director15191 hawthorn driveclive, ia 50325”

Filing and Contact Details

Filer

Filer Name
Paramount Development Inc
EIN
83-1998197
Phone
5154232009
Address
15191 HAWTHORN DR, CLIVE, IA 50325

Signing Officer

Name
Jerry Floyd
Title
Executive Director
Signed
2026-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Floyd
Formed
2018
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
6

Preparer

Firm
Tarbell & Co Plc
Address
1466 28TH STREET SUITE 100, WEST DES MOINES, IA 50266
Preparer
David Wall CPA
Phone
5152820200
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IRS990/PYSalariesCompEmpBnftPaidAmt012674
IRS990/PYTotalExpensesAmt0403354
IRS990/PYTotalRevenueAmt0377702
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036361
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0208908
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0377677
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0586585
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt025
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt060
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt060
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0586585
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0208908
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0377677
IRS990ScheduleA/Total509Grp/TotalAmt0586585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0208943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0377702
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0586645
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0EQUITY - PARAMOUNT I, LLC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EQUITY - PARAMOUNT II, LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE - JERRY FLOYD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYABLE - PARAMOUNT EQUITY
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02000
IRS990ScheduleD/TotalLiabilityAmt02056
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt087692
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0REHABILITATION EXPENSE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt054
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SYSTEMS AND DATA TO MONITOR THE USE AND SUPPORT PROVIDED BY GRANT FUNDS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JERRY FLOYD AND SHONNA FLOYD ARE MARRIED INDIVIDUALS. JERRY IS THE EXECUTIVE DIRECTOR OF PARAMOUNT DEVELOPMENT. SHONNA IS THE SECRETARY/TREASURER. BOTH INDIVDUALS ARE NONVOTING MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE ORGANIZATIONS FORM 990 IS MADE AVAILABLE TO ITS BOARD OF DIRECTORS AND THE BOARD OF DIRECTORS APPROVE THE FILING OF THE 990 BY A MAJORITY VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMMITTEE OF THE INDEPENDENT BOARD OF DIRECTORS ESTABLISHES THE PAY FOR THE EXECUTIVE DIRECTOR BASED ON COMPARABILITY STUDIES. THE COMPENSATION COMMITTEE recommends and the full board approves the compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ORGANIZATION DOCUMENTS REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST TO:JERRY FLOYD, EXECUTIVE DIRECTOR15191 HAWTHORN DRIVECLIVE, IA 50325
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0PARAMOUNT DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1PARAMOUNT DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PARAMOUNT I LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PARAMOUNT II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0841826629
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1841843362
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING DEVELOPMENT PROJECTS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING DEVELOPMENT PROJECTS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt015191 HAWTHORN DRIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt115191 HAWTHORN DRIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CLIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1CLIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd050325
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd150325
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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