Nonprofit · EIN 83-1998197
PARAMOUNT DEVELOPMENT
Tax-exempt · CLIVE, IA 50325
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $208,943 | $172,582 | $36,361 | $9,360 | $2,056 | $7,304 |
| December 31, 2024 | 990 | $377,702 | $403,354 | -$25,652 | $21,038 | $50,095 | -$29,057 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $208,908
- Program service revenue
- $0
- Investment income
- $35
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $87,692
- Compensation of officers, directors and key employees
- $58,334
- Salaries, compensation and benefits (total)
- $63,271
- Professional fundraising fees
- $0
- Legal fees
- $70
- Accounting fees
- $2,599
- Travel
- $5
- Program services (functional)
- $164,684
- Management and general (functional)
- $3,949
- Fundraising (functional)
- $3,949
Balance sheet and other
- Total assets, start of year
- $21,038
- Total assets, end of year
- $9,360
- Total liabilities, end of year
- $2,056
- Net assets, end of year
- $7,304
- Net assets without donor restrictions
- $7,304
- Gross receipts
- $208,943
- Employees
- 1
- Volunteers
- 6
- Year formed
- 2018
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY FLOYD | Executive Dir. Officer | 40 | $58,333 |
| KIMBERLY HANSEN | Director Trustee or director | 1 | $0 |
| DAEJOHN LOVE | Director Trustee or director | 1 | $0 |
| KEN MATTESON | Chairman Trustee or director | 1 | $0 |
| RACHELLE SETSODI | Director Trustee or director | 1 | $0 |
| ANNE TRIPLETT | Director Trustee or director | 2 | $0 |
| CHRISTY KLOBNAK | Director Trustee or director | 1 | $0 |
| SHONNA FLOYD | Secretary/Treas Officer | 8 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY FLOYD | Executive Dir. Officer | 40 | $11,667 |
| KIMBERLY HANSEN | Director Trustee or director | 1 | $0 |
| DAEJOHN LOVE | Director Trustee or director | 1 | $0 |
| KEN MATTESON | Chairman Trustee or director | 1 | $0 |
| RACHELLE SETSODI | Director Trustee or director | 1 | $0 |
| ANNE TRIPLETT | Director Trustee or director | 2 | $0 |
| PAIGE YONTZ | Director Trustee or director | 1 | $0 |
| SHONNA FLOYD | Secretary/Treas Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 15191 HAWTHORN DR, CLIVE, IA 50325-7871
- Mailing address (990-N for 2023)
- 15191 HAWTHORN DR, CLIVE IA 50325
- Principal officer (990 for 2025)
- JERRY FLOYD, 15191 HAWTHORN DR, CLIVE, IA 50325
- Principal officer (990-N for 2023)
- JERRY FLOYD, 15191 HAWTHORN DR, CLIVE IA 50325
- Signed the 990
- JERRY FLOYD, Executive Director
- Phone
- (515) 423-2009
- Website
- www.paramountdevelopment.org
- Return prepared by
- TARBELL & CO PLC
Mission
THE ORGANIZATION IS ORGANIZED PRIMARILY FOR THE PURPOSE OF PROVIDING DECENT, AFFORDABLE HOUSING OPPORTUNITIES FOR EXTREMELY LOW-INCOME TO MODERATE-INCOME HOUSEHOLDS.
Program accomplishments
- THE ORGANIZATION IS ORGANIZED TO PROVIDE DECENT, AFFORDABLE HOUSING OPPORTUNITIES FOR EXTREMELY LOW-INCOME TO MODERATE-INCOME HOUSEHOLDS.DURING 2025, THE ORGANIZATION FUNDED REHABILITATION PROJECTS TOTALING $87,692 DIRECTLY SUPPORTING 54 INDIVIDUALS AND FAMILIESExpenses $164,684 · grants $87,692
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 83-1998197
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $9,360
- Income (IRS master file)
- $208,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $208,943 | $172,582 | $9,360 | XML |
| 990 | December 2024 | $377,702 | $403,354 | $21,038 | IRS |
| 990-N for 2023 Officer: JERRY FLOYD | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: JERRY FLOYD | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: JERRY FLOYD | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: JERRY FLOYD | December 31, 2019 | ≤ $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 83-1998197).
Questions about PARAMOUNT DEVELOPMENT
- What is the EIN of PARAMOUNT DEVELOPMENT?
- The employer identification number (EIN) of PARAMOUNT DEVELOPMENT is 83-1998197.
- Is PARAMOUNT DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PARAMOUNT DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARAMOUNT DEVELOPMENT 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 PARAMOUNT DEVELOPMENT 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 PARAMOUNT DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PARAMOUNT DEVELOPMENT?
- The 990 for the year ended December 31, 2025 names JERRY FLOYD.
- Who are the officers and directors of PARAMOUNT DEVELOPMENT?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $58,333 (JERRY FLOYD, Executive Dir.).
- How much revenue does PARAMOUNT DEVELOPMENT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $208,943, expenses of $172,582 and total assets of $9,360 at year end.
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