Civic Intelligence

Cherryville Community Development Corporation

990EZ • Fiscal year 2016 • EIN 56-1470584

Oct 01, 2015 to Sep 30, 2016 • Filed on Dec 06, 2016

Organization ProfileN/A
2141 Fairways DriveCherryville, NC 28021

(704) 435-3716

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

100th percentile

114%

Higher net margin than 100% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Source year 2016

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Source year 2016

Asset Growth

13th percentile

-35%

Faster asset growth than 13% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$184,475

Down $100,628 (-35%) from 2015

Net Assets

Down

$184,475

Down $100,628 (-35%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$88,477

Down $282,605 (-146%) from 2015

Expenses

Down

$12,151

Down $923 (-7.1%) from 2015

Net Income

Down

-$100,628

Down $281,682 (-156%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$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

2016

Assets$184,475
Liabilities-
Net Assets$184,475
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue-$88,477
Expenses$12,151
Net Income-$100,628
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Dec 6, 2016
Return Version
2015v3.0
Gross Receipts
$181,111
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.$7,500$12,151
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PALMER E HUFFSTETLER SRPresident-$0--
CARROLL CARPENTERBoard Member-$0--
RICHARD RANDALLSecretary/Tr-$0--
ANDY WESTBoard Member-$0--
D M PAYSEURBoard Member-$0--
STAN ALLENBoard Member-$0--
ROBERT AUSTELLBoard Member-$0--
TERRY STROUPEBoard Member-$0--
LARRY SUMMERVice Preside-$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
President
Phone
7044353716
Signed
2016-12-06
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 10

“Cherryville main street program economic development 10/27/2015 116 south mountain street cherryville, nc 28021 7,500 0 0”

Form 990-ez, Part I, Line 16

“Expenses check fee 7 property taxes 1,751 utilities 1,393 total 3,151”

Form 990-ez, Part III

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

Raw XML Appendix151 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHERRYVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028021
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0285103
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IRS990EZ/CostOrOtherBasisExpenseSaleAmt0269588
IRS990EZ/DonorAdvisedFndsInd0false
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IRS990EZ/ExcessOrDeficitForYearAmt0-100628
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PALMER E HUFFSTETLER SR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CARROLL CARPENTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RICHARD RANDALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANDY WEST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4D M PAYSEUR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5STAN ALLEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ROBERT AUSTELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7TERRY STROUPE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8LARRY SUMMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VICE PRESIDE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt03151
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/GrantsAndAllocationsAmt07500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012151
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt0177997
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt012151
IRS990EZ/TotalProgramServiceExpensesAmt012151
IRS990EZ/TotalRevenueAmt0-88477
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0186123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0186123
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IRS990ScheduleA/InvestmentIncomeCYPct00.04000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt0186123
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0189820
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0192934
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHERRYVILLE MAIN STREET PROGRAM ECONOMIC DEVELOPMENT 10/27/2015 116 SOUTH MOUNTAIN STREET CHERRYVILLE, NC 28021 7,500 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES CHECK FEE 7 PROPERTY TAXES 1,751 UTILITIES 1,393 TOTAL 3,151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PALMER E HUFFSTETLER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07044353716
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-06
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
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2379
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GASTONIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0280532379
ReturnHeader/PreparerPersonGrp/PhoneNum07048648311
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DM PAYSEUR CPA
ReturnHeader/ReturnTs02017-01-27T12:58:26-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$184,475
Liabilities
-
Net assets
$184,475
Revenue
-$88,477
Expenses
$12,151
Net income
-$100,628
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