CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION

Address
2141 FAIRWAYS DRIVE
CHERRYVILLE, NC 28021
Contact
Phone: +1 (704) 435-3716
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 56-1470584

Mission

TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, N. C. AREA.
 201720162015
Basic features of the organization
Year of formation1977
Subsection code03
PF filing required0  
Metropolitan statistical area1520
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees  0
Personnel
Allen, Stan
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personSTAN ALLENSTAN ALLENSTAN ALLEN
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Austell, Robert
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personROBERT AUSTELLROBERT AUSTELLROBERT AUSTELL
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Carpenter, Carroll
TitleVICE PRESIDEBOARD MEMBERBOARD MEMBER
Name of key/compensated personCARROLL CARPENTERCARROLL CARPENTERCARROLL CARPENTER
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Huffstetler, Palmer
TitleTREASURERPRESIDENTPRESIDENT
Name of key/compensated personPALMER E HUFFSTETLER SRPALMER E HUFFSTETLER SRPALMER E HUFFSTETLER SR
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  2.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Payseur, D
TitlePRESIDENTBOARD MEMBERBOARD MEMBER
Name of key/compensated personD M PAYSEURD M PAYSEURD M PAYSEUR
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Randall, Richard
TitleSECRETARYSECRETARY/TRSECRETARY/TR
Name of key/compensated personRICHARD RANDALLRICHARD RANDALLRICHARD RANDALL
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  2.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Stroupe, Terry
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personTERRY STROUPETERRY STROUPETERRY STROUPE
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Summer, Larry
TitleVICE PRESIDEVICE PRESIDEVICE PRESIDE
Name of key/compensated personLARRY SUMMERLARRY SUMMERLARRY SUMMER
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
West, Andy
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personANDY WESTANDY WESTANDY WEST
Position of compensated person
Current individual trustee or director  True
Officer, director, trustee, or key employeeTrueTrue 
Average hours per week working for org  0.50
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities  TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, N. C. AREA.
Primary exempt purposeTO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA. 
Program service expenses, total$600.00$12,151.00$13,074.00
Programs, including revenue & expenses
CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION SEEKS OPPORTUNITIES TO EXPAND ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, N. C. AREA
Program expenses  $13,074.00
Program description  CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION SEEKS OPPORTUNITIES TO EXPAND ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, N. C. AREA
Financial data
Revenue
Total revenue$8,821.00-$88,477.00$194,128.00
Revenue from contributions (total)  $186,123.00
Revenue from noncash contributions  $126,123.00
Investment income, current yr$3,762.00$3,114.00$8,005.00
Total revenue from grants, etc., current yr  $186,123.00
Total unrelated business revenue  $0.00
Other revenue, current yr  $0.00
Program service revenue (total)  $0.00
Gross receipts  $212,152.00
Sources of contributions
Revenue from all other contributions  $186,123.00
Other types of revenue
Income from dividends, interest, and similar investments  $3,697.00
Net rental income  $0.00
Expense categories (totals)
Total functional expenses: sum of all  $13,074.00
Total functional expenses: program service   $13,074.00
Total functional expenses: management and general  $0.00
Total functional expenses: fundraising  $0.00
Fees for services
Fundraising service fees (total)  $0.00
Assets and liabilities
Total assets$192,696.00$184,475.00$285,103.00
Total assets, beginning of year$184,475.00$285,103.00$104,049.00
Total liabilities  $0.00
Net assets$192,696.00$184,475.00$285,103.00
Net assets, beginning of year  $104,049.00
Investments: publicly traded securities  $141,156.00
Cash: non-interest bearing  $7,772.00
Cash: non-interest bearing, beginning of year  $1,687.00
Other financial variables
Revenue less expenses  $181,054.00
Savings & temp cash investment  $9,211.00
Total net assets or fund balances  $285,103.00
Governance and accountability
Number of voting members  9
Number of independent voting members  9
Cash accountingTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-01
Tax year end date2017-09-012016-09-012015-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990EZ990EZ990
Date e-filing submitted2018-01-122017-07-142016-07-13
IRS schema version2016v3.02015v3.02014v6.0
Filing identifier201713209349201161201720279349200012201610439349301416
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