Cleveland County Community Development Corp
- Assets
- $810.2k
- Revenue
- $301.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Shelby, NC
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 56-1794362
Organization Overview
Cleveland County Community Development Corp is located in Shelby, NC. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Cleveland County Community Development Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland County Community Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cleveland County Community Development Corp generated $301.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $278.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP SINGLE AND MULTI-FAMILY AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDVIDUALS AND FAMILIES AND TO QUALIFY LOW AND MODERATE INCOME LEVEL INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP SINGLE AND MULTI-FAMILY AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES AND TO QUALIFY LOW AND MODERATE INCOME LEVEL INDIVIDUALS FOR HOME OWNERSHIP. PROVIDE SUPPORT SERVICES THAT INCLUDE CREDIT/BUDGET COUNSELING, FINANCIAL EDUCATION, MORTGAGE DEFAULT COUNSELING AND LOSS MITIGATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Haynes Executive Director | Officer | 40 | $62,500 |
Mitzi Johnson Chair | OfficerTrustee | 2 | $0 |
Ebony Alexander Vice Chair | OfficerTrustee | 2 | $0 |
Bryan Howell Secretary/treas | OfficerTrustee | 2 | $0 |
Derek Fox Director | Trustee | 1 | $0 |
Jerry Hopper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $33,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,238 |
| Total Program Service Revenue | $33,440 |
| Investment income | $186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,624 |
| Net Gain/Loss on Asset Sales | $2,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,500 |
| Compensation of current officers, directors, key employees. | $6,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,609 |
| Payroll taxes | $10,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $617 |
| Office expenses | $5,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,936 |
| Travel | $2,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $845 |
| Interest | $3,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,847 |
| Insurance | $12,387 |
| All other expenses | $13,699 |
| Total functional expenses | $278,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,993 |
| Savings and temporary cash investments | $168,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $401,653 |
| Prepaid expenses and deferred charges | $660 |
| Net Land, buildings, and equipment | $40,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $810,152 |
| Accounts payable and accrued expenses | $7,120 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $96,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,409 |
| Total liabilities | $124,529 |
| Net assets without donor restrictions | $670,804 |
| Net assets with donor restrictions | $14,819 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $810,152 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cleveland County Community Development Corp has recieved totaling $124,203.
| Awarding Organization | Amount |
|---|---|
North Carolina Housing Coalition Inc Durham, NC | | $59,214 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $40,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $24,750 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $156 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian College Clinton, SC | $178,788,042 | $82,344,801 |
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |