Civic Intelligence

Lake Norman Regional Economic Development Corporation

EIN 51-0463069 • 501(c)3 • Huntersville, NC

Profile

Facilitate and enhance economic development

PO Box 664Huntersville, NC 28078

www.lakenormanregion.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

9th percentile

-112%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-80%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $274,100 (-100%) from 2024

Liabilities

Down

$0

Down $165,158 (-100%) from 2024

Net Assets

Down

$0

Down $108,942 (-100%) from 2024

Operations
Liabilities / Revenue62nd percentileNet Margin9th percentile

Revenue

Down

$97,583

Down $380,415 (-80%) from 2024

Expenses

Down

$206,525

Down $409,050 (-66%) from 2024

Net Income

Up

-$108,942

Up $28,635 (+21%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $239,626Liabilities 2011: $3,112Net Assets 2011: $236,5142011Assets 2012: $303,770Liabilities 2012: $9,558Net Assets 2012: $294,2122012Assets 2013: $226,713Liabilities 2013: $9,466Net Assets 2013: $217,2472013Assets 2014: $295,904Liabilities 2014: $5,273Net Assets 2014: $290,6312014Assets 2015: $297,434Liabilities 2015: $7,163Net Assets 2015: $290,2712015Assets 2016: $378,070Liabilities 2016: $7,179Net Assets 2016: $370,8912016Assets 2017: $380,866Liabilities 2017: $16,238Net Assets 2017: $364,6282017Assets 2018: $386,868Liabilities 2018: $13,319Net Assets 2018: $373,5492018Assets 2019: $367,098Liabilities 2019: $12,381Net Assets 2019: $354,7172019Assets 2020: $332,285Liabilities 2020: $9,388Net Assets 2020: $322,8972020Assets 2021: $348,284Liabilities 2021: $20,248Net Assets 2021: $328,0362021Assets 2022: $330,972Liabilities 2022: $21,833Net Assets 2022: $309,1392022Assets 2023: $374,344Liabilities 2023: $127,825Net Assets 2023: $246,5192023Assets 2024: $274,100Liabilities 2024: $165,158Net Assets 2024: $108,9422024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2025

Assets$0
Liabilities$0
Net Assets$0
Open 2025 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $356,883Expenses 2011: $311,025Net Income 2011: $45,8582011Revenue 2012: $378,746Expenses 2012: $321,048Net Income 2012: $57,6982012Expenses 2013: $394,3412013Revenue 2014: $326,483Expenses 2014: $253,099Net Income 2014: $73,3842014Revenue 2015: $313,188Expenses 2015: $313,548Net Income 2015: -$3602015Revenue 2016: $342,412Expenses 2016: $261,792Net Income 2016: $80,6202016Revenue 2017: $339,877Expenses 2017: $346,140Net Income 2017: -$6,2632017Revenue 2018: $321,403Expenses 2018: $312,482Net Income 2018: $8,9212018Revenue 2019: $339,956Expenses 2019: $358,788Net Income 2019: -$18,8322019Revenue 2020: $342,594Expenses 2020: $374,414Net Income 2020: -$31,8202020Revenue 2021: $339,586Expenses 2021: $334,447Net Income 2021: $5,1392021Revenue 2022: $373,255Expenses 2022: $392,152Net Income 2022: -$18,8972022Revenue 2023: $358,071Expenses 2023: $420,691Net Income 2023: -$62,6202023Revenue 2024: $477,998Expenses 2024: $615,575Net Income 2024: -$137,5772024Revenue 2025: $97,583Expenses 2025: $206,525Net Income 2025: -$108,9422025

Highlighted filing

2025

Revenue$97,583
Expenses$206,525
Net Income-$108,942
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$97,583
Expenses
$206,525
Net income
-$108,942
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.98$2.07$1.09
2024Detailed filing. Detailed filing data is available for this year.$2.74$1.65$1.09$4.78$6.16$1.38
2023Detailed filing. Detailed filing data is available for this year.$3.74$1.28$2.47$3.58$4.21$0.63
2022Detailed filing. Detailed filing data is available for this year.$3.31$0.22$3.09$3.73$3.92$0.19
2021Detailed filing. Detailed filing data is available for this year.$3.48$0.20$3.28$3.40$3.34$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.32$0.09$3.23$3.43$3.74$0.32
2019Detailed filing. Detailed filing data is available for this year.$3.67$0.12$3.55$3.40$3.59$0.19
2018Detailed filing. Detailed filing data is available for this year.$3.87$0.13$3.74$3.21$3.12$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.81$0.16$3.65$3.40$3.46$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.78$0.07$3.71$3.42$2.62$0.81
2015Detailed filing. Detailed filing data is available for this year.$2.97$0.07$2.90$3.13$3.14$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.96$0.05$2.91$3.26$2.53$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.09$2.17$3.94
2012Summary only. Only limited summary data is available for this year.$3.04$0.10$2.94$3.79$3.21$0.58
2011Summary only. Only limited summary data is available for this year.$2.40$0.03$2.37$3.57$3.11$0.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$98,033
Mission and Program Overview

Mission

Facilitate and enhance economic development

The organization's mission is to facilitate and enhance the economic development of the lake norman area and surrounding communities and to promote job growth in the area

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$141,798$0▼ $141,798
Land, Buildings, and Equipment, Net$60,673$0▼ $60,673
Accounts Receivable$44,891$0▼ $44,891
Cash and Non-Interest-Bearing Accounts$24,715$0▼ $24,715
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$274,100$0▼ $274,100
Other Assets Total$2,023$0▼ $2,023
Liabilities
Accounts Payable and Accrued Expenses$101,367$0▼ $101,367
Other Liabilities$63,791$0▼ $63,791
Total Liabilities$165,158$0▼ $165,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$108,942$0▼ $108,942
Total Net Assets Fund Balance$108,942$0▼ $108,942
Total Liabilities and Net Assets / Fund Balance$274,100$0▼ $274,100
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Nancy PerriVice-chair
Amanda DumasBoard of Directors
Andrew GrantBoard of Directors
Andy MyersBoard of Directors
Anthony RobertsBoard of Directors
Brett AlkinsBoard of Directors
Gretchen CarsonBoard of Directors
Jamie JusticeBoard of Directors
Jim CombsBoard of Directors
K T KingBoard of Directors
Keri CantrellBoard of Directors
Marcus SmithBoard of Directors
Rob CarneyBoard of Directors
Ryan FayBoard of Directors
Shahid RanaBoard of Directors
Sloan KormelinkBoard of Directors
Mike GriffinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$96,226
Program Service Revenue
$0
Investment Income
$1,357
Other Revenue
$0
Change in Net Assets
$-108,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,684
Salaries, Compensation, and Employee Benefits$35,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$17,484$10,536-$28,020
Depreciation Depletion-$14,644-$14,644
Fees for Services Accounting-$12,865-$12,865
Information Technology-$12,030-$12,030
Other Salaries and Wages$4,880$2,941-$7,821
Other Expenses$1,056$1,450-$1,056
Office Expenses-$261-$261
Travel$140--$140
All Other Expenses$72$18-$90
Total Functional Expenses$82,281$124,244$0$206,525
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Huntersville, cornelius and davidson each appoint two members to the lnredc board of directors. One of the two members is the town manager from each town and the second member is from the town board, of said town. There are inherit business relationships between town managers and town board memebers.”

Form 990, Part VI, Section A, Line 7A

“Huntersville, cornelius and davidson each appoint two members to the lnredc board of directors. One of the two members is the town manager from each town and the second member is from the town board of each town.”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be reviewed by the town deputy manager, who is the fiscal agent for the edc.”

Form 990, Part VI, Section B, Line 15

“The executive director receives annual performance reviews by the lnredc executive committee. Compensation is determined based on performance, comparable salaries for similar positions in the economic development profession and by the town of huntersville guidelines. A similar process is followed for the community relations manager except that the executive director performs the annual review with input from the lnredc executive committee.”

Form 990, Part VI, Section C, Line 19

“All information is kept with financial records at the town of huntersville and is available to the public upon request. Financial statements are distributed to board members and the three town's governing bodies.”

Filing and Contact Details

Filer

Filer Name
Lake Norman Regional Economic
EIN
51-0463069
Phone
7047662206
Address
PO BOX 664, HUNTERSVILLE, NC 28078

Signing Officer

Name
Jackie Huffman
Title
Fiscal Agent
Phone
7047662206
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jackie Huffman
Formed
2003
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Martin Starnes & Associates Cpas Pa
Address
730 13TH AVENUE DR SE, HICKORY, NC 28602-5196
Preparer
Frank F Williams CPA
Phone
8283272727
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not changed its oversight process from prior year.”

Raw XML AppendixShowing 400 of 493 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD OF DIRECTORS
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD OF DIRECTORS
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IRS990/FormationYr02003
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0450
IRS990/GrossReceiptsAmt098033
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012030
IRS990/InformationTechnologyGrp/TotalAmt012030
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01357
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01357
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0FACILITATE AND ENHANCE ECONOMIC DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0108942
IRS990/NetAssetsOrFundBalancesEOYAmt00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0261
IRS990/OfficeExpensesGrp/TotalAmt0261
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02023
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc1FINAL DISPOSITION
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3LOSS ON DISPOSAL OF ASS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt035339
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt134160
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21450
IRS990/OtherExpensesGrp/ProgramServicesAmt058649
IRS990/OtherExpensesGrp/ProgramServicesAmt11056
IRS990/OtherExpensesGrp/TotalAmt093988
IRS990/OtherExpensesGrp/TotalAmt134160
IRS990/OtherExpensesGrp/TotalAmt21450
IRS990/OtherExpensesGrp/TotalAmt31056
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IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02941
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04880
IRS990/OtherSalariesAndWagesGrp/TotalAmt07821
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IRS990/PartialLiquidationInd00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010536
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017484
IRS990/PensionPlanContributionsGrp/TotalAmt028020
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JACKIE HUFFMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CONTRACTED EMPLOYEE BENEFITS: THIS PROGRAM SERVICE COVERS USUAL BENEFITS INCLUDING HEALTH INSURANCE, LIFE INSURANCE, DISABILITY INSURANCE, 401K, RETIREMENT, AND ANNUAL LEAVE FOR THE THREE EMPLOYEES DESCRIBED ABOVE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017484
IRS990/ProgSrvcAccomActy3Grp/Desc0TRAVEL AND TRAINING: THIS PROGRAM SERVICE COVERS TRAVEL EXPENSES RELATED TO PROJECTS AND TRAINING SESSIONS SUCH AS THE IEDC ANNUAL CONFERENCE ATTENDED BY THE EXECUTIVE DIRECTOR. IT ALSO INCLUDES EXPENSES RELATED TO ATTENDING PROFESSIONAL DEVELOPMENT SEMINARS SPONSORED BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL AND THE NC ECONOMIC DEVELOPERS ASSOCIATION. IN ADDITION, OTHER EXPENSES IN THIS CATEGORY COMPRISE OF PROFESSIONAL CERTIFICATION CLASSES AND ACTIVITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0140
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt059777
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYOtherExpensesAmt0211401
IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt0404174
IRS990/PYTotalExpensesAmt0615575
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0477998
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-108942
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0354362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0370905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0336830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01627265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03709
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02350
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02756
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019228
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98830
IRS990ScheduleA/PublicSupportPY170Pct00.98690
IRS990ScheduleA/PublicSupportTotal170Amt01627265
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt096226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0468942
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0354362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0370905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0336830
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01627265
IRS990ScheduleA/TotalSupportAmt01646493
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH DISTRIBUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH DISTRIBUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2CASH DISTRIBUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0TOWN OF HUNTERSVILLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1TOWN OF CORNELIUS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2TOWN OF DAVIDSON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02025-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12025-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22025-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0566001252
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt14441
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt210248
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0GOVERNMENTAL UNIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1GOVERNMENTAL UNIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2GOVERNMENTAL UNIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0101 HUNTERSVILLE-CONCORD ROAD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt121445 CATAWBA AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2251 SOUTH STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0HUNTERSVILLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1CORNELIUS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2DAVIDSON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd028078
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd128031
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IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HUNTERSVILLE, CORNELIUS AND DAVIDSON EACH APPOINT TWO MEMBERS TO THE LNREDC BOARD OF DIRECTORS. ONE OF THE TWO MEMBERS IS THE TOWN MANAGER FROM EACH TOWN AND THE SECOND MEMBER IS FROM THE TOWN BOARD, OF SAID TOWN. THERE ARE INHERIT BUSINESS RELATIONSHIPS BETWEEN TOWN MANAGERS AND TOWN BOARD MEMEBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HUNTERSVILLE, CORNELIUS AND DAVIDSON EACH APPOINT TWO MEMBERS TO THE LNREDC BOARD OF DIRECTORS. ONE OF THE TWO MEMBERS IS THE TOWN MANAGER FROM EACH TOWN AND THE SECOND MEMBER IS FROM THE TOWN BOARD OF EACH TOWN.

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