Nonprofit · EIN 81-0880143
ALBION REINVESTMENT CORPORATION
Tax-exempt · SAGINAW, MI 48601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $113,732 | $118,566 | -$4,834 | $1,472,535 | $675,000 | $797,535 |
| December 31, 2024 | 990 | $54,166 | $119,497 | -$65,331 | $2,067,044 | $1,264,675 | $802,369 |
| December 31, 2023 | 990 | $204,874 | $214,507 | -$9,633 | $1,453,172 | $1,273,525 | $179,647 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $185,800
- Program service revenue
- $20,875
- Investment income
- -$94,478
- Net gain from sales of assets
- -$94,482
- Other revenue
- $1,535
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Occupancy
- $25,041
- Depreciation
- $85,941
- Program services (functional)
- $117,367
- Management and general (functional)
- $1,199
Balance sheet and other
- Total assets, start of year
- $2,067,044
- Total assets, end of year
- $1,472,535
- Total liabilities, end of year
- $675,000
- Net assets, end of year
- $797,535
- Land, buildings and equipment
- $704,133
- Net assets without donor restrictions
- $797,535
- Gross receipts
- $748,208
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2015
- State of legal domicile
- MI
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 |
|---|---|---|---|
| PASTOR ALBERT AMOS | DIRECTOR Trustee or director | 1 | $0 |
| MAE OLA DUNKLIN | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY A OTT | SECRETARY - Trustee or director, Officer | 1 | $0 |
| JEFFREY PETHERICK | TREASURER-DI Trustee or director, Officer | 1 | $0 |
| SAMUEL SHAHEEN | PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PASTOR ALBERT AMOS | DIRECTOR Trustee or director | 1 | $0 |
| MAE OLA DUNKLIN | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY A OTT | SECRETARY - Trustee or director, Officer | 1 | $0 |
| JEFFREY PETHERICK | TREASURER-DI Trustee or director, Officer | 1 | $0 |
| SAMUEL SHAHEEN | PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PASTOR ALBERT AMOS | DIRECTOR Trustee or director | 1 | $0 |
| MAE OLA DUNKLIN | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY A OTT | SECRETARY - Trustee or director, Officer | 1 | $0 |
| JEFFREY PETHERICK | TREASURER-DI Trustee or director, Officer | 1 | $0 |
| SAMUEL SHAHEEN | PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 S WASHINGTON AVENUE SUITE 3, SAGINAW, MI 48601-2557
- Principal officer (990 for 2025)
- SAMUEL SHAHEEN, 1100 S WASHINGTON SUITE 3, SAGINAW, MI 49601
- Signed the 990
- SAMUEL SHAHEEN, PRESIDENT
- Phone
- (989) 799-5700
- Website
- WWW.ALBIONREINVESTS.ORG
- Return prepared by
- WILLIS & JURASEK PC CPAS
Mission
TO COMBAT COMMUNITY DETERIORATION IN THE DOWNTOWN BUSINESS DISTRICT OF THE CITY OF ALBION, MICHIGAN AND SURROUNDING AREAS BY USING ALL EFFECTIVE MEANS.
Program accomplishments
- TO PURCHASE, SELL, IMPROVE, SUBDIVIDE, CONDOMINIUMIZE, DEMOLISH, LEASE, BORROW, PLEDGE, MORTGAGE, MANAGE AND CONTROL ANY REAL OR PERSONAL PROPERTY WHICH MAY BE NECESSARY TO FULFILL THE FOREGOING CHARITABLE PURPOSES OR WHICH MAY BE TRANSFERRED TO THE CORPORATION BY GIFT, GRANT, DEVISE, BEQUEST, OR OTHERWISE FOR THE GENERAL PURPOSES OF THE CORPORATION.Expenses $111,367 · revenue $20,875
- ALBION BIG PLAN - THE GOAL IS TO BUILD AN ECONOMY OF THE FUTURE THROUGH THE REVITALIZATION OF THE DOWNTOWN COMMUNITY. THE PLAN WILL REDEVELOP NINE PROPERTIES TO CREATE 20 RESIDENTIAL UNITS AND MORE THAN 10,000 SQUARE FEET OF COMMERCIAL SPACE. THIS PROJECT WILL TRANSFORM DOWNTOWN ENCOURAGING THE INVESTMENT OF NEW RESIDENTS AND SMALL BUSINESSES.Expenses $6,000
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 on file |
IRS record
- EIN
- 81-0880143
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,472,535
- Income (IRS master file)
- $748,208
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $113,732 | $118,566 | $1,472,535 | XML |
| 990 | December 2024 | $54,166 | $119,497 | $2,067,044 | IRS |
| 990 | December 2023 | $204,874 | $214,507 | $1,453,172 | XML |
| 990 | December 2022 | $63,519 | $339,160 | $1,506,482 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 81-0880143).
Questions about ALBION REINVESTMENT CORPORATION
- What is the EIN of ALBION REINVESTMENT CORPORATION?
- The employer identification number (EIN) of ALBION REINVESTMENT CORPORATION is 81-0880143.
- Is ALBION REINVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ALBION REINVESTMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALBION REINVESTMENT 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 ALBION REINVESTMENT 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 ALBION REINVESTMENT CORPORATION 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 ALBION REINVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names SAMUEL SHAHEEN.
- Who are the officers and directors of ALBION REINVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ALBION REINVESTMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $113,732, expenses of $118,566 and total assets of $1,472,535 at year end.
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