Nonprofit · EIN 23-7391179
MENLO DEVELOPMENT CORPORATION
Tax-exempt · ALGONA, IA 50511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $80,988 | $59,052 | $21,936 | $128,084 | $6,839 | $121,245 |
| December 31, 2024 | 990-EZ | $77,450 | $60,999 | $16,451 | $62,083 | $17,274 | $44,809 |
| December 31, 2023 | 990-EZ | $70,079 | $72,334 | -$2,255 | $49,728 | $21,370 | $28,358 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $78,745
- Investment income
- $594
- Other revenue
- $1,649
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $12,918
- Occupancy
- $44,536
- Other expenses
- $1,598
- Program services (functional)
- $59,052
Balance sheet and other
- Total assets, start of year
- $62,083
- Total assets, end of year
- $128,084
- Total liabilities, end of year
- $6,839
- Net assets, end of year
- $121,245
- Cash, savings and investments
- $73,584
- Land and buildings
- $54,500
- Gross receipts
- $80,988
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keryl Grasty | President | 0 | $0 |
| Shirley Guisinger | Vice President | 0 | $0 |
| Deanna Berger | Secretary/Treasurer | 0 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keryl Grasty | President | 0 | $0 |
| Shirley Guisinger | Vice President | 0 | $0 |
| Deanna Berger | Secretary/Treasurer | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Whetstone | President | 0 | $0 |
| Keryl Grasty | Vice President | 0 | $0 |
| Denise Miller | Secretary/Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 476, ALGONA, IA 50511-0476
- Signed the 990-EZ
- Keryl Grasty, President
- Phone
- (515) 295-2927
- Return prepared by
- Murphy Enterprises Inc
Mission
To provide low rent housing in Menlo, Iowa.
Program accomplishments
- To provide low rent housing for the elderly, disabled, and families. Rent is based on 30% of the applicant's yearly income with the remainder subsidized by USDA/Rural Development. This organization made it possible for 13 families to find safe and affordable housing in Menlo.Expenses $59,052
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7391179
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $128,084
- Income (IRS master file)
- $80,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $80,988 | $59,052 | $128,084 | IRS |
| 990-EZ | December 2024 | $77,450 | $60,999 | $62,083 | IRS |
| 990-EZ | December 2023 | $70,079 | $72,334 | $49,728 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7391179).
Questions about MENLO DEVELOPMENT CORPORATION
- What is the EIN of MENLO DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MENLO DEVELOPMENT CORPORATION is 23-7391179.
- Is MENLO DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1974.
- Are donations to MENLO DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MENLO DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MENLO DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MENLO DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of MENLO DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MENLO DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $80,988, expenses of $59,052 and total assets of $128,084 at year end.
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