Civic Intelligence

Cherryville Community Development Corporation

990EZ • Fiscal year 2021 • EIN 56-1470584

Oct 01, 2020 to Sep 30, 2021 • Filed on Dec 14, 2021

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 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

96th percentile

92%

Higher net margin than 96% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Source year 2021

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2021 filings • NTEE S20 • <$500k nonprofits • Source year 2021

Asset Growth

49th percentile

3.1%

Faster asset growth than 49% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-21%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$237,579

Up $7,114 (+3.1%) from 2020

Net Assets

Up

$237,579

Up $7,114 (+3.1%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin96th percentile

Revenue

Down

$7,714

Down $2,037 (-21%) from 2020

Expenses

Up

$600

Up $10 (+1.7%) from 2020

Net Income

Down

$7,114

Down $2,047 (-22%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2021

Assets$237,579
Liabilities-
Net Assets$237,579
Open 2021 Filing

Operations Trend

Revenue Growth31st percentile

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

2021

Revenue$7,714
Expenses$600
Net Income$7,114
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.0
Gross Receipts
$7,714
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.-$600
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
D M PAYSEURPresident-$0--
RICHARD RANDALLSecretary-$0--
PALMER E HUFFSTETLER SRTreasurer-$0--
TERRY STROUPEBoard Member-$0--
SUSAN LEWISBoard Member-$0--
BEN BLACKBURNBoard 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
2021-12-14
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 III

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

Raw XML Appendix156 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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CompensationExplanation/CompensationExplanationGrp/PersonNm3TERRY STROUPE
CompensationExplanation/CompensationExplanationGrp/PersonNm4SUSAN LEWIS
CompensationExplanation/CompensationExplanationGrp/PersonNm5BEN BLACKBURN
CompensationExplanation/CompensationExplanationGrp/PersonNm6REGGIE WALKER
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHERRYVILLE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0600
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt03375
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/TotalExpensesAmt0600
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0936
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IRS990ScheduleA/InvestmentIncomeCYPct00.93000
IRS990ScheduleA/InvestmentIncomePYPct00.94000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PALMER E HUFFSTETLER SR
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ReturnHeader/BusinessOfficerGrp/PhoneNum07044353716
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ReturnHeader/Filer/BusinessNameControlTxt0CHER
ReturnHeader/Filer/EIN0561470584
ReturnHeader/Filer/PhoneNum07044353716
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2379
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAUNA LINDSAY CPA
ReturnHeader/ReturnTs02021-12-28T09:22:18-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PALMER E
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUFFSTETLER SR
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$237,579
Liabilities
-
Net assets
$237,579
Revenue
$7,714
Expenses
$600
Net income
$7,114
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