Tarheel Regional Community Development Corporation
- Assets
- $594.7k
- Revenue
- $169.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 80-0030850
Organization Overview
Tarheel Regional Community Development Corporation is located in Henderson, NC. The organization was established in 2004. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarheel Regional Community Development Corporation 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, Tarheel Regional Community Development Corporation generated $169.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $85.0k during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL CONTRIBUTIONS GIFTS AND GRANTS PAID ARE FOR CHARITABLE PURPOSES SUCH AS FEEDING THE POOR EDUCATING THE POOR RAISING MORAL AND ETHICAL FOUNDATIONS ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W Morgan President | 30 | $7,034 | |
Betty H Morgan Secretary | 1 | $0 | |
Chris Morgan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,250 |
| Interest on Savings | $21 |
| Dividends & Interest | $0 |
| Net Rental Income | $51,492 |
| Net Gain on Sale of Assets | $10,301 |
| Capital Gain Net Income | $10,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,153 |
| Total Revenue | $169,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,034 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $463 |
| Interest | $0 |
| Taxes | $4,613 |
| Depreciation | $19,506 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,831 |
| Printing and publications | $0 |
| Other expenses | $38,206 |
| Total operating and administrative expenses | $72,824 |
| Contributions, gifts, grants paid | $12,137 |
| Total expenses and disbursements | $84,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,437 |
| Savings and temporary cash investments | $64,202 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $493,549 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $33,561 |
| Other assets | $0 |
| Total assets | $594,749 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,490 |
| Total liabilities | $9,490 |
Grants Awarded
Over the last fiscal year, Tarheel Regional Community Development Corporation has awarded $12,137 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EVANGELISM OUTREACH MINISTRY PURPOSE: COMMUNITY DEVELOPMENT | $3,000 |
714 MINISTRIES PURPOSE: COMMUNITY DEVELOPMENT | $1,900 |
EMMANUEL DAILY BREAD SA PURPOSE: COMMUNITY DEVELOPMENT | $1,824 |
GIFTED FAITHFUL PURPOSE: COMMUNITY DEVELOPMENT | $1,500 |
EMMANUEL DAILY BREAD - NEPAL PURPOSE: COMMUNITY DEVELOPMENT | $962 |
DUNAMIS CHRISTIAN FELLOWSHIP PURPOSE: COMMUNITY DEVELOPMENT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Albemarle Housing Improvement Program Inc Charlottesville, VA | $5,877,628 | $5,756,026 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |
City Of Sumter Housing & Economic Developement Corporation Sumter, SC | $4,664,908 | $2,384,397 |
Humanities Foundation Inc Mount Pleasant, SC | $30,885,789 | $3,824,255 |