Nonprofit · EIN 47-0536908
ALBION DEVELOPMENT CO INC
Tax-exempt · ALBION, NE 68620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990-EZ | $100,609 | $67,133 | $33,476 | $381,947 | $17,945 | $364,002 |
| March 31, 2025 | 990-EZ | $57,489 | $58,086 | -$597 | $406,305 | $75,780 | $330,525 |
Financial details: 990-EZ for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $50,439
- Program service revenue
- $48,736
- Investment income
- $1,434
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,155
- Occupancy
- $23,132
- Other expenses
- $41,846
- Program services (functional)
- $63,369
Balance sheet and other
- Total assets, start of year
- $406,306
- Total assets, end of year
- $381,947
- Total liabilities, end of year
- $17,945
- Net assets, end of year
- $364,002
- Cash, savings and investments
- $67,530
- Land and buildings
- $144,968
- Gross receipts
- $100,609
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 March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRAGERT | DIRECTOR | 1 | $0 |
| JEFFREY C JARECKI | PRESIDENT | 1 | $0 |
| BROCK KUESTER | DIRECTOR | 1 | $0 |
| TONY LEVANDER | DIRECTOR | 1 | $0 |
| JOHN MOELLER | DIRECTOR | 1 | $0 |
| ANDY ROBERTS | VICE-PRESIDE | 1 | $0 |
| STEVEN RUZEK | TREASURER | 2 | $0 |
990-EZ for the year ended March 31, 2025: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRAGERT | DIRECTOR | 1 | $0 |
| JEFFREY C JARECKI | PRESIDENT | 1 | $0 |
| BROCK KUESTER | DIRECTOR | 1 | $0 |
| TONY LEVANDER | DIRECTOR | 1 | $0 |
| JOHN MOELLER | DIRECTOR | 1 | $0 |
| ANDY ROBERTS | VICE-PRESIDE | 1 | $0 |
| STEVEN RUZEK | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 525 W STATE ST, ALBION, NE 68620-1349
- In care of
- % RICHARD MARTINSEN PC
- Mailing address (990-N for 2023)
- 525 W State Street, Albion NE 68620
- Principal officer (990-N for 2023)
- Steven Ruzek, 240 S 3rd Street, Albion NE 68620
- Signed the 990-EZ
- JEFFREY C JARECKI, PRESIDENT
- Phone
- (402) 395-2151
- Return prepared by
- MUELLER & HONCIK PC
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 accomplishments
- 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.Expenses $63,369
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990-EZ on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990-EZ on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990-N on file |
IRS record
- EIN
- 47-0536908
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $381,947
- Income (IRS master file)
- $100,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | March 2026 | $100,609 | $67,133 | $381,947 | XML |
| 990-EZ | March 2025 | $57,489 | $58,086 | $406,305 | XML |
| 990-N for 2023 Officer: Steven Ruzek | March 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Steven Ruzek | March 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Steven Ruzek | March 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Steven Ruzek | March 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-0536908).
Questions about ALBION DEVELOPMENT CO INC
- What is the EIN of ALBION DEVELOPMENT CO INC?
- The employer identification number (EIN) of ALBION DEVELOPMENT CO INC is 47-0536908.
- Is ALBION DEVELOPMENT CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to ALBION DEVELOPMENT CO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALBION DEVELOPMENT CO INC 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 ALBION DEVELOPMENT CO INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALBION DEVELOPMENT CO INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended March 2026.
- Who is the principal officer of ALBION DEVELOPMENT CO INC?
- The 990-N for 2023 names Steven Ruzek.
- Who are the officers and directors of ALBION DEVELOPMENT CO INC?
- The 990-EZ for the year ended March 31, 2026 lists 7 people; 0 received compensation from the organization.
- How much revenue does ALBION DEVELOPMENT CO INC have?
- On its 990-EZ for the year ended March 31, 2026 it reported revenue of $100,609, expenses of $67,133 and total assets of $381,947 at year end.
Other nonprofits in ALBION
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- BOONE COUNTY FITNESS CENTER INC EIN 47-0667375 · last filed 990 for 2025
- BOONE COUNTY HEALTH CENTER FOUNDATION EIN 47-0707315 · last filed 990 for 2025
- ALBION ECONOMIC DEVELOPMENT CORPORATION EIN 32-0108328 · last filed 990 for 2026
- JIM AND ELAINE WOLF FOUNDATION EIN 47-0611456 · last filed 990-PF for 2025
- BCDA INC EIN 46-4245843 · last filed 990 for 2025
- ALBION EDUCATION FOUNDATION EIN 47-0740498 · last filed 990 for 2024