Civic Intelligence

Cherryville Community Development

EIN 56-1470584 • 501(c)3 • Cherryville, NC

Profile

To aid, pursue and encourage economic development in the cherryville, nc area.

2141 Fairways DriveCherryville, NC 28021

n/A

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

Score unavailable

No value available

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

Source year 2025

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

65th percentile

7.6%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

79th percentile

32%

Faster revenue growth than 79% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$288,216

Up $20,419 (+7.6%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$288,216

Up $20,419 (+7.6%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin98th percentile

Revenue

Up

$21,171

Up $5,094 (+32%) from 2024

Expenses

Up

$752

Up $57 (+8.2%) from 2024

Net Income

Up

$20,419

Up $5,037 (+33%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

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

$300K$200K$100K$0Assets 2015: $285,103Liabilities 2015: $0Net Assets 2015: $285,1032015Assets 2016: $184,475Net Assets 2016: $184,4752016Assets 2017: $192,696Net Assets 2017: $192,6962017Assets 2018: $213,270Net Assets 2018: $213,2702018Assets 2019: $221,303Net Assets 2019: $221,3032019Assets 2020: $230,465Net Assets 2020: $230,4652020Assets 2021: $237,579Net Assets 2021: $237,5792021Assets 2022: $247,039Net Assets 2022: $247,0392022Assets 2023: $252,415Net Assets 2023: $252,4152023Assets 2024: $267,797Liabilities 2024: $0Net Assets 2024: $267,7972024Assets 2025: $288,216Net Assets 2025: $288,2162025

Highlighted filing

2025

Assets$288,216
Liabilities-
Net Assets$288,216
Open 2025 Filing

Operations Trend

Revenue Growth79th percentile

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

$200K$100K$0-$100K-$200KRevenue 2015: $194,128Expenses 2015: $13,074Net Income 2015: $181,0542015Revenue 2016: -$88,477Expenses 2016: $12,151Net Income 2016: -$100,6282016Revenue 2017: $8,821Expenses 2017: $600Net Income 2017: $8,2212017Revenue 2018: $21,074Expenses 2018: $500Net Income 2018: $20,5742018Revenue 2019: $8,598Expenses 2019: $565Net Income 2019: $8,0332019Revenue 2020: $9,751Expenses 2020: $590Net Income 2020: $9,1612020Revenue 2021: $7,714Expenses 2021: $600Net Income 2021: $7,1142021Revenue 2022: $10,075Expenses 2022: $615Net Income 2022: $9,4602022Revenue 2023: $6,026Expenses 2023: $650Net Income 2023: $5,3762023Revenue 2024: $16,077Expenses 2024: $695Net Income 2024: $15,3822024Revenue 2025: $21,171Expenses 2025: $752Net Income 2025: $20,4192025

Highlighted filing

2025

Revenue$21,171
Expenses$752
Net Income$20,419
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$288,216
Liabilities
-
Net assets
$288,216
Revenue
$21,171
Expenses
$752
Net income
$20,419
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.88$2.88$0.21$0.01$0.20
2024Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$0.16$0.01$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.52$2.52$0.06$0.01$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.47$2.47$0.10$0.01$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.38$2.38$0.08$0.01$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.30$2.30$0.10$0.01$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.21$2.21$0.09$0.01$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.13$2.13$0.21$0.01$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.93$1.93$0.09$0.01$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.84$1.84$0.88$0.12$1.01
2015Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$1.94$0.13$1.81
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.0
Gross Receipts
$89,423
Mission and Program Overview

Mission

To aid, pursue and encourage economic development in the cherryville, nc area.

Program Services

DescriptionGrantsExpenses
CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION SEEKS OPPORTUNITIES TO EXPAND ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.-$752
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
D M PAYSEURPresident-$0--
PALMER E HUFFSTETLER SRTreasurer-$0--
BEN BLACKBURNSecretary-$0--
TERRY STROUPEVice Preside-$0--
RICHARD RANDALLBoard Member-$0--
SUSAN LEWISBoard Member-$0--
REGGIE WALKERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Cherryville Community Development
EIN
56-1470584
Phone
7044353716
Address
2141 FAIRWAYS DRIVE, CHERRYVILLE, NC 28021

Signing Officer

Name
Palmer E Huffstetler Sr
Title
Treasurer
Phone
7044353716
Signed
2025-10-30
Discuss with paid preparer
Yes

Preparer

Firm
Butler & Stowe
Address
PO BOX 2379, GASTONIA, NC 28053-2379
Preparer
Shauna Lindsay CPA
Phone
7048648311
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses bank service charges 2 total 2”

Form 990-ez, Part III

“To aid, pursue and encourage economic development in the cherryville, nc area.”

Raw XML Appendix148 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0PALMER E HUFFSTETLER SR
IRS990EZ/BooksInCareOfDetail/PhoneNum07046162206
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02141 FAIRWAYS DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHERRYVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028021
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0267797
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0288216
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOrOtherBasisExpenseSaleAmt068252
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt020419
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0750
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0267797
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0288216
IRS990EZ/GainOrLossFromSaleOfAssetsAmt011510
IRS990EZ/GrossReceiptsAmt089423
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt09661
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0267797
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0288216
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0267797
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0288216
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0D M PAYSEUR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PALMER E HUFFSTETLER SR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BEN BLACKBURN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TERRY STROUPE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RICHARD RANDALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SUSAN LEWIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6REGGIE WALKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt02
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION SEEKS OPPORTUNITIES TO EXPAND ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0752
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt079762
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0752
IRS990EZ/TotalProgramServiceExpensesAmt0752
IRS990EZ/TotalRevenueAmt021171
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0288
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0288
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09661
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08663
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05273
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06109
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04051
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt033757
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09661
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05273
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt033757
IRS990ScheduleA/InvestmentIncomeCYPct00.99000
IRS990ScheduleA/InvestmentIncomePYPct00.96000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00850
IRS990ScheduleA/PublicSupportPY509Pct00.03880
IRS990ScheduleA/PublicSupportTotal509Amt0288
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0288
IRS990ScheduleA/Total509Grp/TotalAmt0288
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08663
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04339
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt034045
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK SERVICE CHARGES 2 TOTAL 2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PALMER E HUFFSTETLER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07044353716
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHERRYVILLE COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CHER
ReturnHeader/Filer/EIN0561470584
ReturnHeader/Filer/PhoneNum07044353716
ReturnHeader/Filer/USAddress/AddressLine1Txt02141 FAIRWAYS DRIVE
ReturnHeader/Filer/USAddress/CityNm0CHERRYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028021
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560625018
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUTLER & STOWE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2379
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GASTONIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0280532379
ReturnHeader/PreparerPersonGrp/PhoneNum07048648311
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAUNA LINDSAY CPA
ReturnHeader/ReturnTs02025-12-04T16:11:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-10-01
ReturnHeader/TaxPeriodEndDt02025-09-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.