Civic Intelligence

Cherryville Community Development Corporation

990EZ • Fiscal year 2023 • EIN 56-1470584

Oct 01, 2022 to Sep 30, 2023 • Filed on Oct 23, 2023

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

93rd percentile

89%

Higher net margin than 93% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

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.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Asset Growth

51st percentile

2.2%

Faster asset growth than 51% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-40%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$252,415

Up $5,376 (+2.2%) from 2022

Net Assets

Up

$252,415

Up $5,376 (+2.2%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin93rd percentile

Revenue

Down

$6,026

Down $4,049 (-40%) from 2022

Expenses

Up

$650

Up $35 (+5.7%) from 2022

Net Income

Down

$5,376

Down $4,084 (-43%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2023

Assets$252,415
Liabilities-
Net Assets$252,415
Open 2023 Filing

Operations Trend

Revenue Growth18th 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

2023

Revenue$6,026
Expenses$650
Net Income$5,376
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$27,820
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.-$650
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
2023-10-23
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 Appendix150 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0D M PAYSEUR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BEN BLACKBURN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TERRY STROUPE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RICHARD RANDALL
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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/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/ProgramServiceExpensesAmt0650
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt022547
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0650
IRS990EZ/TotalProgramServiceExpensesAmt0650
IRS990EZ/TotalRevenueAmt06026
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0288
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0648
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01872
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05273
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026950
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05273
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt026950
IRS990ScheduleA/InvestmentIncomeCYPct00.94000
IRS990ScheduleA/InvestmentIncomePYPct00.93000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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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/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PALMER E HUFFSTETLER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07044353716
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ReturnHeader/Filer/BusinessNameControlTxt0CHER
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ReturnHeader/Filer/PhoneNum07044353716
ReturnHeader/Filer/USAddress/AddressLine1Txt02141 FAIRWAYS DRIVE
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ReturnHeader/PreparerPersonGrp/PhoneNum07048648311
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAUNA LINDSAY CPA
ReturnHeader/ReturnTs02023-11-13T10:21:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PALMER E
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUFFSTETLER SR
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$252,415
Liabilities
-
Net assets
$252,415
Revenue
$6,026
Expenses
$650
Net income
$5,376
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