Gaston County Development Corporation
- Assets
- $203.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 10/1988
- Data as of
- 06/2021
- EIN
- 58-1792056
Organization Overview
Gaston County Development Corporation is located in Gastonia, NC. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaston County Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Gaston County Development Corporation generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $15.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Browne Chairman | 10 | $0 | |
Jack Brown Commissioner | 2 | $0 | |
Jeff Booker Board Member | 2 | $0 | |
Richard S Cromlish Jr Vice-Chairman | 10 | $0 | |
Robert Clay Board Member | 2 | $0 | |
John S Lowery Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,000 |
| Membership dues | $0 |
| Investment income | $74 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,074 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,431 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,914 |
| Total expenses | $15,345 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $188,441 |
| Other assets | $0 |
| Total assets | $203,711 |
| Total liabilities | $0 |
| Net assets or fund balances | $203,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Orpheum Theatre Group Memphis, TN | $37,801,412 | $4,089,220 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |