Civic Intelligence

Central Carolina Strategic Developers

EIN 82-1730962 • 501(c)3 • Sanford, NC

Profile

The corporation is organized and shall be operated exclusively for educational, literary, charitable, or scientific purposes which are exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provisions of any future United States Internal Revenue Laws). Specifically, the Corporation is established as a supporting organization whose exclusive purpose is to support and carry out the purpose of the Sanford Housing Authority in providing affordable housing to low-income persons.

504 First StreetSanford, NC 27330

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.00x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

Score unavailable

No value available

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

Source year 2024

Top Officer Pay

80th percentile

$80,000

Higher top officer pay than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

13th percentile

-23%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$691,765

Down $205,275 (-23%) from 2023

Liabilities

Up

$2,345

Up $1,737 (+286%) from 2023

Net Assets

Down

$689,420

Down $207,012 (-23%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $206,811 (-100%) from 2023

Expenses

Up

$207,012

Up $202,561 (+4551%) from 2023

Net Income

Down

-$207,012

Down $409,372 (-202%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$1.0M$500K$0Assets 2020: $168,193Liabilities 2020: $10,000Net Assets 2020: $158,1932020Assets 2021: $721,009Liabilities 2021: $0Net Assets 2021: $721,0092021Assets 2022: $694,072Liabilities 2022: $0Net Assets 2022: $694,0722022Assets 2023: $897,040Liabilities 2023: $608Net Assets 2023: $896,4322023Assets 2024: $691,765Liabilities 2024: $2,345Net Assets 2024: $689,4202024

Highlighted filing

2024

Assets$691,765
Liabilities$2,345
Net Assets$689,420
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KRevenue 2020: $174,104Expenses 2020: $15,911Net Income 2020: $158,1932020Revenue 2021: $652,264Expenses 2021: $89,448Net Income 2021: $562,8162021Revenue 2022: $20Expenses 2022: $26,957Net Income 2022: -$26,9372022Revenue 2023: $206,811Expenses 2023: $4,451Net Income 2023: $202,3602023Revenue 2024: $0Expenses 2024: $207,012Net Income 2024: -$207,0122024

Highlighted filing

2024

Revenue$0
Expenses$207,012
Net Income-$207,012
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$691,765
Liabilities
$2,345
Net assets
$689,420
Revenue
$0
Expenses
$207,012
Net income
-$207,012
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.92$0.02$6.89$0.00$2.07$2.07
2023Detailed filing. Detailed filing data is available for this year.$8.97$0.01$8.96$2.07$0.04$2.02
2022Detailed filing. Detailed filing data is available for this year.$6.94$0.00$6.94$0.00$0.27$0.27
2021Detailed filing. Detailed filing data is available for this year.$7.21$0.00$7.21$6.52$0.89$5.63
2020Detailed filing. Detailed filing data is available for this year.$1.68$0.10$1.58$1.74$0.16$1.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

The corporation is organized and shall be operated exclusively for charitable purposes which are exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provisions of any future United States Internal Revenue Laws). The corporation is also a charitable corporation as defined in NCGS SSA-1-40(4). Specifically, the corporation is established as asupporting organization whose exclusive purpose is to support and carry out the purpose of the Sanford Housing Authority in providing affordable housing to low-income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$897,040$677,974▼ $219,066
Cash and Non-Interest-Bearing Accounts-$13,791-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$897,040$691,765▼ $205,275
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$608$2,344▲ $1,736
Other Liabilities-$1-
Total Liabilities$608$2,345▲ $1,737
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$896,432$689,420▼ $207,012
Total Net Assets Fund Balance$896,432$689,420▼ $207,012
Total Liabilities and Net Assets / Fund Balance$897,040$691,765▼ $205,275
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleOtherTotal
Dr Michael ThreattCEO$5,000$5,000

Board Members and Trustees

NameTitle
Hope WhiteBoard Chair
William NewbyVice Chair
Dr Karen WickerDirector
Erin BrittonDirector
Holly AeschlimanDirector
Jacqueline DalrympleDirector
Marcus GoodsonFormer Interim CEO
Diane SinnamonResident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-207,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$204,056
Other Expenses$2,956
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$204,056--$204,056
Office Expenses$24--$24
Other Expenses$3--$3
Total Functional Expenses$207,012$0$0$207,012
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sanford Housing AuthoritySanford, NCGovtSupport the Sanford Housing Authori$204,056
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The Sanford Housing Authority handles all the day to day activity for the organization. It also provides all the necessary accounting and bookkeeping services.”

Form 990, Part VI, Section B, Line 11B

“The CEO and CFO review the completed Form 990.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Central Carolina Strategic Developers
EIN
82-1730962
Phone
9197767655
Address
504 First Street, Sanford, NC 27330

Signing Officer

Name
Dr Michael Threatt
Title
CEO
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Michael Threatt
Formed
2017
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
6
Employees
0

Preparer

Firm
Barton Gonzalez & Myers Pa
Address
13137 66TH ST, LARGO, FL 33773
Preparer
Sergio Gonzalez
Phone
7273441040
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560786993
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Sanford Housing Authority
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0204056
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Govt
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support the Sanford Housing Authori
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Sanford Housing Authority
IRS990ScheduleI/RecipientTable/RecipientEIN0560786993
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0504 First Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Sanford
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027330
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Cost
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt080000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Marcus Goodson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former Interim CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt080000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Sanford Housing Authority handles all the day to day activity for the organization. It also provides all the necessary accounting and bookkeeping services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The CEO and CFO review the completed Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Sanford Housing Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560786993
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0Govt
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public Housing Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01000 Carthage Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Sanford
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027330
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0204056
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Sanford Housing Authority
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0897040
IRS990/TotalAssetsEOYAmt0691765
IRS990/TotalAssetsGrp/BOYAmt0897040
IRS990/TotalAssetsGrp/EOYAmt0691765
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0207012
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207012
IRS990/TotalGrossUBIAmt00

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