EIN 31-1639629

Olive Hill Community Economic Development Corporation

Name: Olive Hill Community Economic Development Corporation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Morganton

State

North Carolina

Year formed

1998

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Olive Hill Community Economic Development Corporation aids residents in Burke, Caldwell, Catawba and McDowell counties by providing asset building opportunities to achieve financial stability. The corporation assists residents in home ownership, business ownership and computer skills. Its mission is to provide a positive impact on the economic environment of area residents.

Total revenues

$43,206

2022

Total expenses

$152,458

2022

Total assets

$52,584

2022

Num. employees

2022

Program areas at Olive Hill Community Economic Development Corporation

Assist residents in home ownership, business ownership and computer skills. Serves residents of Burke, Caldwell, Catawba and McDowell counties in North Carolina

Who funds Olive Hill Community Economic Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
North Carolina Housing Coalition	2021-12		$101,607
Dogwood Health Trust	2021-12	Leverage Fund	$57,600

Personnel at Olive Hill Community Economic Development Corporation

Name	Title	Compensation	Date of data
Beverly Carlton	Executive Director	$46,000	2023-09-21
Winston Hill	Chair	$0	2022-12-31
Ebony Johnson	Secretary and Treasurer	$0	2022-12-31
Stephanie Workman	Chair	$0	2019-12-31
Jasper Hemphil	Director of Operations	$13,316	2018-01-05
...and 6 more key personnel

Financials for Olive Hill Community Economic Development Corporation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$24,547	$213,499	-88.5%
Program services	$18,569	$966	1822.3%
Investment income and dividends	$90	$1	8900%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$43,206	$214,466	-79.9%

Form 990s for Olive Hill Community Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-09-21	990	View PDF
2021-12	2022-05-27	990	View PDF
2020-12	2021-08-05	990EZ	View PDF
2019-12	2021-04-26	990EZ	View PDF
2018-12	2019-09-13	990EZ	View PDF
...and 10 more Form 990s

Organizations like Olive Hill Community Economic Development Corporation

Organization	Type	Location	Revenue
Hagerstown Neighborhood Development Partnership	501(c)(3)	Hagerstown, MD	$199,586
Lazarus Arise Christian Community Development Center Restore Whitehall	501(c)(3)	Reynoldsburg, OH	$125,819
Batavia Development Corporation	501(c)(3)	Batavia, NY	$126,970
St Edmund's Redevelopment Corporation	501(c)(3)	Chicago, IL	$191,696
Euclid Development Corporation	501(c)(3)	Euclid, OH	$207,123
Andersonville Sustainable Community Alliance	501(c)(3)	Chicago, IL	$54,842
Belmont Community Development Corporation	501(c)(3)	Charlotte, NC	$39,782
Citizens United for Redevelopment and Economic Stability of Chester	501(c)(3)	Chester, SC	$94,292
North East Neighborhoods Development Corporation	501(c)(3)	St Paul, MN	$14,579
Northwest Ohio Development Agency	501(c)(3)	Toledo, OH	$87,749

Data update history

November 30, 2023

Posted financials

Added Form 990 for fiscal year 2022

November 26, 2023

Used new vendors

Identified 1 new vendor, including

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 13, 2023

Received grants

Identified 2 new grant, including a grant for $101,607 from North Carolina Housing Coalition

August 1, 2022

Received grants

Identified 1 new grant, including a grant for $48,004 from North Carolina Housing Coalition

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Human servicesCommunity improvementHousingEconomic development

Characteristics

Receives government fundingTax deductible donations

General information

Address: PO Box 4008; Morganton, NC 28680
Metro area: Hickory-Lenoir-Morganton, NC
County: Burke County, NC
Website URL: ohcedc.org/
Phone: (828) 439-8893

IRS details

EIN: 31-1639629
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1998
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Olive Hill Community Economic Development Corporation

Program areas at Olive Hill Community Economic Development Corporation

Who funds Olive Hill Community Economic Development Corporation

Personnel at Olive Hill Community Economic Development Corporation

Financials for Olive Hill Community Economic Development Corporation

Form 990s for Olive Hill Community Economic Development Corporation

Organizations like Olive Hill Community Economic Development Corporation

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