Birmingham Development Corporation is located in North English, IA. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Birmingham Development Corporation generated $75.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $78.9k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
16 UNITS OF INCOME BASED HOUSING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bill Boley Director | 0 | $0 | |
Kathy Morris Director | 0 | $0 | |
Terry Meade President | 0 | $0 | |
Dennis Topping Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $75,289 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $75,289 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $10,430 |
Occupancy, rent, utilities, and maintenance | $40,426 |
Printing, publications, postage, and shipping | $351 |
Other expenses | $27,701 |
Total expenses | $78,908 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $29,196 |
Other assets | $0 |
Total assets | $292,378 |
Total liabilities | $235,361 |
Net assets or fund balances | $57,017 |
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