Public Charity

Albia Community Betterment Corporation

Albia Community Betterment Corporation, of Albia, IA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $5K in revenue, $3K in expenses, $1.1M in total assets.

EIN: 421097946 Albia, IA Rural Economic Development NTEE: S32 Latest filing: 2025

Total Revenue$5K

Total Expenses$3K

Total Assets$1.1M

Grant Records0

Filing Years2021–2025

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.

Where $100 goes at Albia Community Betterment Corporation

How Albia Community Betterment Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$28 Programs the work itself

$72 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $28 for programs

$14

Our purpose is to promote residential home development in the City of Albia

50% of program spending

$14

Occasionally other community projects are supported by providing loans

About 50% (cost not reported)

Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Craig Ambrose

Secretary/Treasurer Daniel D Stocker

President Kevin Kness

Director Mike Lawrence

Director Peter Greiner

Director Steve Rockwell

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2025	$5K	$3K	$1.1M
2024	$732	$4K	$1.1M
2023	$-8K	$1K	$1.1M
2022	$-16K	$2K	$1.2M
2021	$-4K	$2K	$1.2M

Between 2021 and 2025, reported annual revenue moved from $-4K to $5K, with total assets most recently reported at $1.1M.

Interactive year-over-year charts and full filing details available with membership.

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