Civic Intelligence

Region E Development Corporation

EIN 56-1329594 • 501(c)6 • Hickory, NC

Profile

Processing loan applications

Post Office Box 9026Hickory, NC 28603

www.regionecdc.org

Siviq Scores

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

Liabilities / Assets

71st percentile

0.06x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.18x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

88th percentile

30%

Higher net margin than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-58%

Faster asset growth than 10% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-38%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$28,217

Down $38,976 (-58%) from 2015

Liabilities

Down

$1,790

Down $41,970 (-96%) from 2015

Net Assets

Up

$26,427

Up $2,994 (+13%) from 2015

Operations
Liabilities / Revenue83rd percentileNet Margin88th percentile

Revenue

Down

$10,128

Down $6,258 (-38%) from 2015

Expenses

Down

$7,134

Down $36,672 (-84%) from 2015

Net Income

Up

$2,994

Up $30,414 (+111%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$80K$60K$40K$20K$0Assets 2010: $59,225Liabilities 2010: $16,653Net Assets 2010: $42,5722010Assets 2011: $41,312Liabilities 2011: $12,081Net Assets 2011: $29,2312011Assets 2012: $30,046Liabilities 2012: $0Net Assets 2012: $30,0462012Assets 2013: $54,904Liabilities 2013: $5,567Net Assets 2013: $49,3372013Assets 2014: $77,441Liabilities 2014: $26,588Net Assets 2014: $50,8532014Assets 2015: $67,193Liabilities 2015: $43,760Net Assets 2015: $23,4332015Assets 2016: $28,217Liabilities 2016: $1,790Net Assets 2016: $26,4272016

Highlighted filing

2016

Assets$28,217
Liabilities$1,790
Net Assets$26,427
Open 2016 Filing

Operations Trend

Revenue Growth14th percentile

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

$100K$50K$0-$50KRevenue 2010: $57,743Expenses 2010: $77,284Net Income 2010: -$19,5412010Revenue 2011: $40,060Expenses 2011: $53,401Net Income 2011: -$13,3412011Revenue 2012: $32,629Expenses 2012: $31,814Net Income 2012: $8152012Revenue 2013: $30,469Expenses 2013: $11,178Net Income 2013: $19,2912013Revenue 2014: $22,541Expenses 2014: $21,025Net Income 2014: $1,5162014Revenue 2015: $16,386Expenses 2015: $43,806Net Income 2015: -$27,4202015Revenue 2016: $10,128Expenses 2016: $7,134Net Income 2016: $2,9942016

Highlighted filing

2016

Revenue$10,128
Expenses$7,134
Net Income$2,994
Open 2016 Filing

Filings

Most recent year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,217
Liabilities
$1,790
Net assets
$26,427
Revenue
$10,128
Expenses
$7,134
Net income
$2,994
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$28.2$1.79$26.4$10.1$7.13$2.99
2015Detailed filing. Detailed filing data is available for this year.$67.2$43.8$23.4$16.4$43.8$27.4
2014Detailed filing. Detailed filing data is available for this year.$77.4$26.6$50.9$22.5$21.0$1.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.9$5.57$49.3$30.5$11.2$19.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$0.00$30.0$32.6$31.8$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.3$12.1$29.2$40.1$53.4$13.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.2$16.7$42.6$57.7$77.3$19.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$10,128
Mission and Program Overview

Mission

Processing loan applications

Program Services

DescriptionGrantsExpenses
PROCESSING LOAN APPLICATIONS FOR SMALL BUSINESSES$0$7,134
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDREW JACKSONVice-President-$0--
EDWARD MCGIMSEY JRTreasurer-$0--
PAUL IJAMESBoard Member-$0--
BILL PARRISHPresident-$0--
JEFF NEUVILLESecretary-$0--
RODNEY MILLERBoard Member-$0--
JON BLAIRBoard Member-$0--
MILTON CAMPBELLBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Region E Development Corporation
EIN
56-1329594
Phone
8283229191
Address
POST OFFICE BOX 9026, HICKORY, NC 28603

Signing Officer

Name
Anthony W Starr
Title
Executive Director
Phone
8283229191
Signed
2017-02-06
Discuss with paid preparer
Yes

Preparer

Firm
Lowdermilk Church & Co Llp
Address
121 NORTH STERLING STREET, MORGANTON, NC 28655
Preparer
Cynthia Randolph
Phone
8284331226
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 37. Description: miscellaneous income. Amount: 3,698. Total to form 990-ez, line 8: 3,735.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: administrative fee. Amount: 5,344.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 43,760. End of year amount: 1,790.”

Raw XML Appendix178 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 37. DESCRIPTION: MISCELLANEOUS INCOME. AMOUNT: 3,698. TOTAL TO FORM 990-EZ, LINE 8: 3,735.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADMINISTRATIVE FEE. AMOUNT: 5,344.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 43,760. END OF YEAR AMOUNT: 1,790.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTHONY W STARR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08283229191
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGION E DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0REGI
ReturnHeader/Filer/EIN0561329594
ReturnHeader/Filer/PhoneNum08283229191
ReturnHeader/Filer/USAddress/AddressLine1Txt0POST OFFICE BOX 9026
ReturnHeader/Filer/USAddress/CityNm0HICKORY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561607661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOWDERMILK CHURCH & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 NORTH STERLING STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORGANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028655
ReturnHeader/PreparerPersonGrp/PhoneNum08284331226
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CYNTHIA RANDOLPH
ReturnHeader/ReturnTs02017-02-09T12:34:56-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

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