Civic Intelligence

Interfaith Housing Development Corporation of Hickory

990EZ • Fiscal year 2024 • EIN 56-1354134

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 10, 2025

PO Box 3547Hickory, NC 28603

(828) 455-0406

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.18x

Higher debt load relative to assets than 63% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.55x

Higher debt load relative to revenue than 73% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2024 filings • NTEE L21 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-2.8%

Faster asset growth than 42% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$237,075

Down $6,833 (-2.8%) from 2023

Net Assets

Up

$194,528

Up $38,196 (+24%) from 2023

Liabilities

Down

$42,547

Down $45,029 (-51%) from 2023

Revenue

Up

$77,985

Up $27,739 (+55%) from 2023

Expenses

Up

$68,348

Up $6,901 (+11%) from 2023

Net Income

Up

$9,637

Up $20,838 (+186%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2016: $396,091Liabilities 2016: $279,894Net Assets 2016: $116,1972016Assets 2017: $366,355Liabilities 2017: $233,3132017Assets 2018: $363,963Liabilities 2018: $234,4972018Assets 2019: $343,750Liabilities 2019: $195,929Net Assets 2019: $147,8212019Assets 2020: $312,101Liabilities 2020: $151,932Net Assets 2020: $160,1692020Assets 2021: $291,629Liabilities 2021: $116,101Net Assets 2021: $175,5282021Assets 2022: $294,430Liabilities 2022: $93,817Net Assets 2022: $200,6132022Assets 2023: $243,908Liabilities 2023: $87,576Net Assets 2023: $156,3322023Assets 2024: $237,075Liabilities 2024: $42,547Net Assets 2024: $194,5282024

Highlighted filing

2024

Assets$237,075
Liabilities$42,547
Net Assets$194,528

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2016: $64,983Expenses 2016: $64,215Net Income 2016: $7682016Revenue 2017: $85,741Expenses 2017: $68,757Net Income 2017: $16,9842017Revenue 2018: $62,205Expenses 2018: $65,794Net Income 2018: -$3,5892018Revenue 2019: $81,826Expenses 2019: $54,148Net Income 2019: $27,6782019Revenue 2020: $72,227Expenses 2020: $63,074Net Income 2020: $9,1532020Revenue 2021: $67,696Expenses 2021: $52,337Net Income 2021: $15,3592021Revenue 2022: $77,597Expenses 2022: $52,512Net Income 2022: $25,0852022Revenue 2023: $50,246Expenses 2023: $61,447Net Income 2023: -$11,2012023Revenue 2024: $77,985Expenses 2024: $68,348Net Income 2024: $9,6372024

Highlighted filing

2024

Revenue$77,985
Expenses$68,348
Net Income$9,637
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$77,985
Mission and Program Overview

Mission

To provide low-income housing to disadvantaged individuals, working in conjunction with the City of Hickory, NC.

Program Services

DescriptionGrantsExpenses
Low-income apartments for low-income residents in the Ridgeview area of Hickory, a low-income housing development area with approximately 50 persons in 10 apartments.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael WatkinsTreasurer-$0--
David RobertsVice-President-$0--
Antonio LoganPresident-$0--
Barbara MarinaSecretary-$0--
Terlene BumgarnerMember-$0--
Vincent EllisMember-$0--
Leroy McAdooMember-$0--
Yvonne SexterMember-$0--
Fred LilesMember-$0--
Tim ShufordMember-$0--
Filing and Contact Details

Filer

Filer Name
Interfaith Housing Development
EIN
56-1354134
Phone
8284550406
Address
PO Box 3547, Hickory, NC 28603

Signing Officer

Name
Michael Watkins
Title
Treasurer
Phone
8284550406
Signed
2025-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Titans Consulting Tax and Accounting
Address
201 Government Ave SW, Hickory, NC 28602
Preparer
Erika A Tiscareno
Phone
8285542211
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 14

Description: Depreciation. Amount: 18,056. Description: Other Expenses. Amount: 2,344. Total to Form 990-EZ, line 14: 20,400.

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

Description: Business Meetings Meals. Amount: 1,039. Description: Donations. Amount: 525. Description: Housing Facility Expenses. Amount: 27,585. Description: Insurance. Amount: 9,551. Description: Interest Paid. Amount: 2,538. Description: Security. Amount: 800. Description: Supplies. Amount: 1,528. Description: PO Box. Amount: 200. Total to Form 990-EZ, line 16: 43,766.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Adjustment. Beg. of Year Amount: -6,498. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 44,814. End of Year Amount: 40,444.

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

Description: Loans. Beg. of Year Amount: 52,519. End of Year Amount: 42,547.

Raw XML Appendix198 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Depreciation. Amount: 18,056. Description: Other Expenses. Amount: 2,344. Total to Form 990-EZ, line 14: 20,400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Business Meetings Meals. Amount: 1,039. Description: Donations. Amount: 525. Description: Housing Facility Expenses. Amount: 27,585. Description: Insurance. Amount: 9,551. Description: Interest Paid. Amount: 2,538. Description: Security. Amount: 800. Description: Supplies. Amount: 1,528. Description: PO Box. Amount: 200. Total to Form 990-EZ, line 16: 43,766.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Adjustment. Beg. of Year Amount: -6,498. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 44,814. End of Year Amount: 40,444.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Loans. Beg. of Year Amount: 52,519. End of Year Amount: 42,547.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 14
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Watkins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08284550406
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Interfaith Housing Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation of Hickory
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0561354134
ReturnHeader/Filer/PhoneNum08284550406
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3547
ReturnHeader/Filer/USAddress/CityNm0Hickory
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ReturnHeader/Filer/USAddress/ZIPCd028603
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461562310
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Titans Consulting Tax and Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 Government Ave SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hickory
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028602
ReturnHeader/PreparerPersonGrp/PhoneNum08285542211
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Erika A Tiscareno
ReturnHeader/ReturnTs02025-11-10T13:37:28-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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