Albia Community Betterment Corporation

EIN: 421097946 Community Improvement

Albia, IA

Total Revenue
$4,921
Total Expenses
$2,685
Total Assets
$1,147,319
Net Assets
$1,147,319
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
IA
Principal Officer
Daniel D Stocker
Phone
6419322144
Tax Period
2025-01-01 to 2025-12-31

Albia Community Betterment Corporation, founded in 1977, is a micro nonprofit in the Community Improvement sector that reported $5K in total revenue in fiscal year 2025. Revenue surged 572% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 45% operating margin.

Mission

Our purpose is to promote residential home development in the City of Albia. We have purchased land and subdivided it into residential lots for sale. Occasionally, we have promoted spec home construction by offering a buyback program for contractors. This provides a safety net to the contractor that allows them to recoup their costs in a project after a one year time frame. Over the years, we have donated limited funds to community projects. 100% of our time and funds are spent on these types of activities.

Program Service Accomplishments

Program 1
Expenses: $100 Revenue: $-1,208

Our purpose is to promote residential home development in the City of Albia. We have purchased land and subdivided it into residential lots for sale. Currently, we have a tract of ground identified...

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Our purpose is to promote residential home development in the City of Albia. We have purchased land and subdivided it into residential lots for sale. Currently, we have a tract of ground identified as Country View Subdivision. This has two phases completed with room to develop two more phases. We currently have 10 lots to sell in Country View between Plat I and II. Additionally, we have a contractor buy back program. If a contractor is unable to sell a spec home within 12 months it is purchased from them. The price that is paid for the home is negotiated before the contractor buys the lot. The price is based on the contractor's costs with no profit being paid.

Program 2

Occasionally other community projects are supported by providing loans. No loans were made during 2025.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-479
Other Revenue $5,400
TOTAL REVENUE $4,921

Expense Breakdown

Grants Paid $100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100
Other Expenses $2,585
TOTAL EXPENSES $2,685

Year-over-Year Comparison

2025 2024 Change
Revenue $4,921 $732 +5.7%
Expenses $2,685 $4,409 -0.4%
Net Income $2,236 $-3,677 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Kness President 0.10
Officer Director
$0 $0 $0
Daniel D Stocker Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Steve Rockwell Director 0.10
Director
$0 $0 $0
Craig Ambrose Director 0.10
Director
$0 $0 $0
Peter Greiner Director 0.10
Director
$0 $0 $0
Mike Lawrence Director 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,921 $2,685 $1,147,319 $2,236
2024 $732 $4,409 $1,145,083 $-3,677
2023 $-7,577 $1,446 $1,148,760 $-9,023
2022 $-15,891 $1,761 $1,157,783 $-17,652
2021 $-4,021 $1,901 $1,175,435 $-5,922
2020 $5,831 $6,119 $1,181,357 $-288
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