Civic Intelligence

Tarheel Regional Community Development Corporation

990EZ • Fiscal year 2024 • EIN 80-0030850

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 22, 2025

Organization Profile
PO Box 2301Henderson, NC 27536

(252) 915-1650

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.06x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

100th percentile

3480%

Higher net margin than 100% of similar nonprofits.

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

Top Officer Pay

86th percentile

$12,000

Higher top officer pay than 86% of similar nonprofits.

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

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$355,706

Down $48,815 (-12%) from 2023

Net Assets

Down

$332,618

Down $46,357 (-12%) from 2023

Liabilities

Down

$23,088

Down $2,458 (-9.6%) from 2023

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$1,332

Down $23,957 (-106%) from 2023

Expenses

Down

$45,025

Down $40,001 (-47%) from 2023

Net Income

Up

-$46,357

Up $16,044 (+26%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$600K$400K$200K$0Assets 2011: $75,164Liabilities 2011: $13,9832011Assets 2012: $134,454Liabilities 2012: $43,8112012Assets 2013: $488,303Liabilities 2013: $80,1292013Assets 2014: $486,169Liabilities 2014: $59,0842014Assets 2018: $563,374Liabilities 2018: $86,4772018Assets 2019: $536,591Liabilities 2019: $90,8732019Assets 2020: $531,747Liabilities 2020: $31,045Net Assets 2020: $500,7022020Assets 2021: $594,749Liabilities 2021: $9,490Net Assets 2021: $585,2592021Assets 2022: $522,397Liabilities 2022: $81,021Net Assets 2022: $441,3762022Assets 2023: $404,521Liabilities 2023: $25,546Net Assets 2023: $378,9752023Assets 2024: $355,706Liabilities 2024: $23,088Net Assets 2024: $332,6182024

Highlighted filing

2024

Assets$355,706
Liabilities$23,088
Net Assets$332,618
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2011: $14,369Expenses 2011: $14,680Net Income 2011: -$3112011Revenue 2012: $63,103Expenses 2012: $33,641Net Income 2012: $29,4622012Revenue 2013: $364,754Expenses 2013: $40,519Net Income 2013: $324,2352013Revenue 2014: $25,175Expenses 2014: $54,046Net Income 2014: -$28,8712014Revenue 2018: $110,461Expenses 2018: $58,137Net Income 2018: $52,3242018Revenue 2019: $28,056Expenses 2019: $59,235Net Income 2019: -$31,1792019Revenue 2020: $119,226Expenses 2020: $64,242Net Income 2020: $54,9842020Revenue 2021: $169,217Expenses 2021: $84,961Net Income 2021: $84,2562021Revenue 2022: $18,873Expenses 2022: $89,777Net Income 2022: -$70,9042022Revenue 2023: $22,625Expenses 2023: $85,026Net Income 2023: -$62,4012023Revenue 2024: -$1,332Expenses 2024: $45,025Net Income 2024: -$46,3572024

Highlighted filing

2024

Revenue-$1,332
Expenses$45,025
Net Income-$46,357
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.0
Gross Receipts
$29,610
Mission and Program Overview

Mission

Community development in the forms of: 1. Maintenance & provision of low income housing, 2. Direct financial support to low income individuals, 3. Direct financial support to non-profit organizations

Program Services

DescriptionGrantsExpenses
Provision & maintenance of low income housing. Development & funding of bakeries to feed the hungry abroad. Funding support for alcohol & drug rehabilitation. Funding support to local ministries serving inner city populations. Direct community outreach (events, financial assistance, etc.)$2,993$23,997
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary MorganPresidentPT$12,000-$12,000
Chris MorganDirector-$0--
Dennis TharringtonDirerctor-$0--
Betty MorganFinancial Secretary-$0--
Sarah TuckerDirector-$0--
Filing and Contact Details

Filer

Filer Name
Tarheel Regional Community Development
EIN
80-0030850
Phone
2529151650
Address
PO BOX 2301, HENDERSON, NC 27536

Signing Officer

Name
Gary Morgan
Title
President/CEO
Phone
2529151650
Signed
2025-10-22
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Financial support to needy individuals & organizations as follows: corey cannady $40.00, city of henderson for perez family $508.38, a new beginning $250.00, acts $250.00, 714 ministries $1200, grace ministries $244.81, sonshine care group home $500.00”

Form 990-EZ, Part I, Line 16

“Depreciation: $6657.00 insurances: $2084.32 outreach missions & events: $8957.75”

Form 990-EZ, Part II, Line 26

“Security deposits $625, demand loan from president $22,463”

Raw XML Appendix185 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/CityNm0HENDERSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Gary Morgan
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Dennis Tharrington
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Betty Morgan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Sarah Tucker
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Direrctor
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Financial Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt017699
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0COMMUNITY DEVELOPMENT IN THE FORMS OF: 1. MAINTENANCE & PROVISION OF LOW INCOME HOUSING, 2. DIRECT FINANCIAL SUPPORT TO LOW INCOME INDIVIDUALS, 3. DIRECT FINANCIAL SUPPORT TO NON-PROFIT ORGANIZATIONS
IRS990EZ/PrintingPublicationsPostageAmt0231
IRS990EZ/ProgramServiceRevenueAmt014625
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02993
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IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt012000
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt023088
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt045025
IRS990EZ/TotalProgramServiceExpensesAmt023997
IRS990EZ/TotalRevenueAmt0-1332
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0101250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt090000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0191250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt029610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt021615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt060612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt057666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt048723
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0218226
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0409476
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt029610
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0158916
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0138723
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0158916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0138723
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0409476
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt024921
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Gary Morgan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt024921
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCIAL SUPPORT TO NEEDY INDIVIDUALS & ORGANIZATIONS AS FOLLOWS: COREY CANNADY $40.00, CITY OF HENDERSON FOR PEREZ FAMILY $508.38, A NEW BEGINNING $250.00, ACTS $250.00, 714 MINISTRIES $1200, GRACE MINISTRIES $244.81, SONSHINE CARE GROUP HOME $500.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION: $6657.00 INSURANCES: $2084.32 OUTREACH MISSIONS & EVENTS: $8957.75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECURITY DEPOSITS $625, DEMAND LOAN FROM PRESIDENT $22,463
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0N/A
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Gary Morgan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02529151650
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TARHEEL REGIONAL COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TARH
ReturnHeader/Filer/EIN0800030850
ReturnHeader/Filer/PhoneNum02529151650
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2301
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-10-22T13:04:06-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$355,706
Liabilities
$23,088
Net assets
$332,618
Revenue
-$1,332
Expenses
$45,025
Net income
-$46,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.56$0.23$3.33$0.01$0.45$0.46
2023Detailed filing. Detailed filing data is available for this year.$4.05$0.26$3.79$0.23$0.85$0.62
2022Detailed filing. Detailed filing data is available for this year.$5.22$0.81$4.41$0.19$0.90$0.71
2021Detailed filing. Detailed filing data is available for this year.$5.95$0.09$5.85$1.69$0.85$0.84
2020Detailed filing. Detailed filing data is available for this year.$5.32$0.31$5.01$1.19$0.64$0.55
2019Summary only. Only limited summary data is available for this year.$5.37$0.91$0.28$0.59$0.31
2018Summary only. Only limited summary data is available for this year.$5.63$0.86$1.10$0.58$0.52
2014Summary only. Only limited summary data is available for this year.$4.86$0.59$0.25$0.54$0.29
2013Summary only. Only limited summary data is available for this year.$4.88$0.80$3.65$0.41$3.24
2012Summary only. Only limited summary data is available for this year.$1.34$0.44$0.63$0.34$0.29
2011Summary only. Only limited summary data is available for this year.$0.75$0.14$0.14$0.15$0.00