Nonprofit · EIN 63-0964639
TITUSVILLE DEVELOPMENT CORPORATION INC
Tax-exempt · BIRMINGHAM, AL 35205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $623,777 | $397,598 | $226,179 | $2,710,601 | $204,707 | $2,505,894 |
| December 31, 2023 | 990 | $734,864 | $720,145 | $14,719 | $1,977,521 | $167,352 | $1,810,169 |
| December 31, 2022 | 990 | $842,030 | $571,920 | $270,110 | $2,497,014 | $141,593 | $2,355,421 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $255,000
- of which government grants
- $255,000
- Program service revenue
- $190,984
- Investment income
- $0
- Other revenue
- $177,793
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $46,984
- Other salaries and wages
- $38,630
- Salaries, compensation and benefits (total)
- $93,251
- Professional fundraising fees
- $0
- Legal fees
- $11,734
- Accounting fees
- $5,600
- Program services (functional)
- $256,692
- Management and general (functional)
- $140,906
Balance sheet and other
- Total assets, start of year
- $1,977,521
- Total assets, end of year
- $2,710,601
- Total liabilities, end of year
- $204,707
- Net assets, end of year
- $2,505,894
- Land, buildings and equipment
- $2,455,893
- Net assets without donor restrictions
- $2,505,894
- Gross receipts
- $623,777
- Employees
- 2
- Volunteers
- 30
- Year formed
- 1984
- State of legal domicile
- AL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD BAYLES | EXECUTIVE DIRECTOR Officer, Key employee | 40 | $46,984 |
| JODI TRAUTWEIN | BOARD MEMBER Trustee or director | 0 | $0 |
| MARION STERLING | BOARD MEMBER Trustee or director | 0 | $0 |
| CATHY BRADFORD | BOARD MEMBER Trustee or director | 0 | $0 |
| SHIRLEY HILL | TREASURER Trustee or director | 0 | $0 |
| RONALD MIMS | PRESIDENT Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR RONALD BAYLES | EXECUTIVE DIRECTOR Officer | 40 | $46,984 |
| JODI TRAUTWEIN | BOARD MEMBER Trustee or director | 2 | $0 |
| MARION STERLING | BOARD MEMBER Trustee or director | 2 | $0 |
| DR CATHY BRADFORD | SECRETARY Trustee or director | 2 | $0 |
| SHIRLEY HILL | TREASURER Trustee or director | 2 | $0 |
| RONALD MIMS | PRESIDENT Officer | 2 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR RONALD BAYLES | EXECUTIVE DIRECTOR Officer | 40 | $41,562 |
| JODI TRAUTWEIN | BOARD MEMBER Trustee or director | 2 | $0 |
| MARION STERLING | BOARD MEMBER Trustee or director | 2 | $0 |
| DR CATHY BRADFORD | SECRETARY Trustee or director | 2 | $0 |
| SHIRLEY HILL | TREASURER Trustee or director | 2 | $0 |
| RONALD MIMS | PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 400 IOTA AVE S, BIRMINGHAM, AL 35205-3317
- In care of
- % RONALD BAYLES
- Principal officer (990 for 2024)
- RONALD BAYLES, 400 IOTA AVENUE, Birmingham, AL 35203
- Signed the 990
- RONALD BAYLES, EXECUTIVE DIRECTOR
- Phone
- (205) 252-5526
- Return prepared by
- TMB Tax Financial Services BC
Mission
To empower the community by removing blight inlow income neighborhoods, providing financial education workshops, and offering affordablehousing.
Program accomplishments
- Titusville Development Corporations Senior Citizens Programs offer health and wellness classes, financial education workshops, meals on wheels and a community food pantry. Titusville Development Corporation offers senior citizens affordable housing development programming and we are excited to have expanded our mission to include providing affordable housing to through the path of homeownership. Our donations come from corporate and public/government partners for the purpose of construction and/or rehabing land/homes and keeping these properties within affordable ranges for senior citizens and families in our community.Expenses $256,692
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-0964639
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,710,601
- Income (IRS master file)
- $623,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $623,777 | $397,598 | $2,710,601 | XML |
| 990 | December 2023 | $734,864 | $720,145 | $1,977,521 | XML |
| 990 | December 2022 | $842,030 | $571,920 | $2,497,014 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 63-0964639).
Questions about TITUSVILLE DEVELOPMENT CORPORATION INC
- What is the EIN of TITUSVILLE DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of TITUSVILLE DEVELOPMENT CORPORATION INC is 63-0964639.
- Is TITUSVILLE DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to TITUSVILLE DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TITUSVILLE DEVELOPMENT CORPORATION 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 TITUSVILLE DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TITUSVILLE DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TITUSVILLE DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names RONALD BAYLES.
- Who are the officers and directors of TITUSVILLE DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $46,984 (RONALD BAYLES, EXECUTIVE DIRECTOR).
- How much revenue does TITUSVILLE DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $623,777, expenses of $397,598 and total assets of $2,710,601 at year end.
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