Civic Intelligence

Core City CDC

EIN 81-5299367 • 501(c)3 • High Point, NC

Profile

To stabilize, develop, and build affordable housing and assist with development that will strengthen the core area and surrounding neighborhoods in high point, nc.

211 S Hamilton StreetHigh Point, NC 27260

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 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

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 2020

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$0

Down $222,293 (-100%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $222,293 (-100%) from 2020

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$222,293

Up $193,378 (+669%) from 2020

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $19,539Liabilities 2018: $02018Assets 2019: $97,706Liabilities 2019: $02019Assets 2020: $222,293Net Assets 2020: $222,2932020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $20,603Expenses 2018: $1,064Net Income 2018: $19,5392018Revenue 2019: $80,005Expenses 2019: $1,839Net Income 2019: $78,1662019Revenue 2020: $1,002Expenses 2020: $28,915Net Income 2020: -$27,9132020Expenses 2021: $222,2932021

Highlighted filing

2021

Revenue-
Expenses$222,293
Net Income-

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 24, 2021
Return Version
2020v4.0
Mission and Program Overview

Mission

To stabilize, develop, and build affordable housing and assist with development that will strengthen the core area and surrounding neighborhoods in high point, nc.

Program Services

DescriptionGrantsExpenses
CORE CITY CDC PLANS TO IDENTIFY PROPERTIES IN HIGH POINT, NC WITH LIEN ISSUES AND ESTATES WITH MULTIPLE OWNERS. IT WILL ACQUIRE, REHAB AND DEVELOP AFFORDABLE HOUSING IN HIGH POINT NEIGHBORHOODS.$217,233$222,293
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHRIS WILLIAMSChair/Presid-$0--
MICHAEL E MCNAIRVice Preside-$0--
RANDY MCCASLINSecretary-$0--
HARVEY LOWDBoard Member-$0--
DEBORAH SQUIREWELLBoard Member-$0--
PATRICK HARMANBoard Member-$0--
PATRICK CHAPINBoard Member-$0--
DONALD BELTONBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Core City Cdc
EIN
81-5299367
Phone
3368833291
Address
211 S HAMILTON STREET, HIGH POINT, NC 27260

Signing Officer

Name
Chris Williams
Title
Chair/president
Phone
3368833676
Signed
2021-08-24
Discuss with paid preparer
Yes

Preparer

Firm
Odom & Company Llp
Address
712 N HAMILTON ST, HIGH POINT, NC 27262
Preparer
Karen E Odom
Phone
3368893422
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

Line 10 in accordance with core city cdc's mission statement established on the originially filed application for recognition of exemption, core city cdc identified lots to be acquired, developed and rehabilitated in the core area. Core city cdc dissolved, and transferred all lots to the city of high point for rehabilitation, construction and development. The city of high point will continue the same mission adopted by core city cdc. All cash was also transferred to the city of high point to use to further the mission.

Form 990-ez, Part I, Line 10

Name: city of high point address: po box 230 high point, nc 27261 cash contribution: 50,468 noncash contribution: 166,765 description of property: see sch o

Form 990-ez, Part I, Line 16

Expenses bank service charges 38 total 38

Form 990-ez, Part III

To stabilize, develop, and build affordable housing and assist with development that will strengthen the core area and surrounding neighborhoods in high point, nc.

Raw XML Appendix182 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0CHRIS WILLIAMS
CompensationExplanation/CompensationExplanationGrp/PersonNm1MICHAEL E MCNAIR
CompensationExplanation/CompensationExplanationGrp/PersonNm2RANDY MCCASLIN
CompensationExplanation/CompensationExplanationGrp/PersonNm3HARVEY LOWD
CompensationExplanation/CompensationExplanationGrp/PersonNm4DEBORAH SQUIREWELL
CompensationExplanation/CompensationExplanationGrp/PersonNm5PATRICK HARMAN
CompensationExplanation/CompensationExplanationGrp/PersonNm6PATRICK CHAPIN
CompensationExplanation/CompensationExplanationGrp/PersonNm7DONALD BELTON
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0RANDY MCCASLIN
IRS990EZ/BooksInCareOfDetail/PhoneNum03368833291
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0211 S HAMILTON STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HIGH POINT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0222293
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DEBORAH SQUIREWELL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6PATRICK CHAPIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DONALD BELTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR/PRESID
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt038
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO STABILIZE, DEVELOP, AND BUILD AFFORDABLE HOUSING AND ASSIST WITH DEVELOPMENT THAT WILL STRENGTHEN THE CORE AREA AND SURROUNDING NEIGHBORHOODS IN HIGH POINT, NC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CORE CITY CDC PLANS TO IDENTIFY PROPERTIES IN HIGH POINT, NC WITH LIEN ISSUES AND ESTATES WITH MULTIPLE OWNERS. IT WILL ACQUIRE, REHAB AND DEVELOP AFFORDABLE HOUSING IN HIGH POINT NEIGHBORHOODS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0217233
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0222293
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0222293
IRS990EZ/TotalProgramServiceExpensesAmt0222293
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0101600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0101600
IRS990ScheduleA/TotalSupportAmt0101610
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0true
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LOTS FOR REHABILITATIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CITY OF HIGH POINT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1CITY OF HIGH POINT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12021-02-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0566000231
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt050468
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1166765
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0GOVERNMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1GOVERNMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 230
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 230
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0HIGH POINT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1HIGH POINT
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1NC
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IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE VICE PRESIDENT AND SECRETARY ARE EMPLOYEES OF THE CITY OF HIGH POINT. THEY WERE NOT COMPENSATED THROUGH CORE CITY CDC AS THEIR WORK ON CORE CITY CDC'S MISSION WAS STRICTLY VOLUNTARY.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 10 IN ACCORDANCE WITH CORE CITY CDC'S MISSION STATEMENT ESTABLISHED ON THE ORIGINIALLY FILED APPLICATION FOR RECOGNITION OF EXEMPTION, CORE CITY CDC IDENTIFIED LOTS TO BE ACQUIRED, DEVELOPED AND REHABILITATED IN THE CORE AREA. CORE CITY CDC DISSOLVED, AND TRANSFERRED ALL LOTS TO THE CITY OF HIGH POINT FOR REHABILITATION, CONSTRUCTION AND DEVELOPMENT. THE CITY OF HIGH POINT WILL CONTINUE THE SAME MISSION ADOPTED BY CORE CITY CDC. ALL CASH WAS ALSO TRANSFERRED TO THE CITY OF HIGH POINT TO USE TO FURTHER THE MISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAME: CITY OF HIGH POINT ADDRESS: PO BOX 230 HIGH POINT, NC 27261 CASH CONTRIBUTION: 50,468 NONCASH CONTRIBUTION: 166,765 DESCRIPTION OF PROPERTY: SEE SCH O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES BANK SERVICE CHARGES 38 TOTAL 38
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO STABILIZE, DEVELOP, AND BUILD AFFORDABLE HOUSING AND ASSIST WITH DEVELOPMENT THAT WILL STRENGTHEN THE CORE AREA AND SURROUNDING NEIGHBORHOODS IN HIGH POINT, NC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03368833676
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORE CITY CDC
ReturnHeader/Filer/BusinessNameControlTxt0CORE
ReturnHeader/Filer/EIN0815299367
ReturnHeader/Filer/PhoneNum03368833291
ReturnHeader/Filer/USAddress/AddressLine1Txt0211 S HAMILTON STREET
ReturnHeader/Filer/USAddress/CityNm0HIGH POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027260
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561255574
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ODOM & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0712 N HAMILTON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIGH POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027262
ReturnHeader/PreparerPersonGrp/PhoneNum03368893422
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN E ODOM
ReturnHeader/ReturnTs02021-08-25T14:21:48-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLIAMS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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