2026-03-12T09:58:22-00:00 2025-06-30 621503930 David M Ellis CPA 255 W Summer Street Greeneville TN 37743 990 2024-07-01 621754514 Eastern Eight Community Development Corporation Inc EAST 4232325097 3 Limited Centre St Johnson City TN 37604 Sherry Trent Executive Director 4232325097 2026-03-12 true David M Ellis P01046581 4237870855 2026-03-12 X 2024 2025-03-06 01:10:19Z Sherry Trent 214 E Watauga Avenue Johnson City TN 37601 5500292 false X www.E8CDC.org X 1998 TN Provide housing for very low, low and moderate income individuals 18 18 18 0 1945164 1774692 3100165 3526862 46076 198738 0 5091405 5500292 0 0 883195 970293 0 0 3769095 4545468 4652290 5515761 439115 -15469 19116926 18628745 5956271 5483559 13160655 13145186 To assist in the development of and to develop to the fullest extent permitted by law affordable housing for citizens of very low, low and moderate incomes in Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi and Washington Counties Tennessee false false Eastern Eight Community Development Corporation, Inc. provides affordable housing for very low, low and moderate income households in Northeast Tennessee. This is accomplished through the provision of home buyer education courses, housing counseling to potential home buyers and housing development programs. Eastern Eight provides constructed homes, remodeled homes and rental facilities for qualifying individuals. true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 32 0 true 18 true false false false false false false false false false false false false X 18 18 false true false false false false false true true false false true true true true true true true true false TN X The Organization 4232325097 3 Limited Centre St Johnson City TN 37604 Sherry Trent Chief Exective Officer 040.00 X 117044 0 0 Steve Baldwin Board member 001.00 X 0 0 0 Rose Neese Board member 001.00 X 0 0 0 Bethany O'Leary Board member 001.00 X 0 0 0 Ken Rea Board member 001.00 X 0 0 0 Shawn Porter Board member 001.00 X 0 0 0 Todd Smith Board member 001.00 X 0 0 0 Virginia Robinson Board member 001.00 X 0 0 0 Beverly Stevens Board member 001.00 X 0 0 0 Ernie Stoltzfus Board member 001.00 X 0 0 0 Paul Walton Board member 001.00 X 0 0 0 Ashlee Ebberts Board member 001.00 X 0 0 0 Robert Williams Board member 001.00 X 0 0 0 Ron Von Essen Board member 001.00 X 0 0 0 Barry Drummond Board member 001.00 X 0 0 0 Linda Broyles Board member 001.00 X 0 0 0 Cindy Winn Board Chair 001.00 X 0 0 0 Phil Carriger Treasurer 001.00 X 0 0 0 Jeff Linville Secretary 001.00 X 0 0 0 Lee Chase Vice Chair 001.00 X 0 0 0 117044 1 false false false Bailey's Heating Air Conditioning 3212 Hanover Road Suite 3 Johnson City TN 37604 Building contractor-heat and air 1 636419 1138273 1774692 Home and land sales 531390 1844000 Rental income 532000 1450328 Home ownership training 531390 43444 Administration fees 531390 62131 Other income 531390 126959 3526862 38994 159744 159744 159744 5500292 0 0 0 0 0 0 800878 528431 272447 0 169415 100605 68807 0 0 7152 6580 572 29834 22972 6862 0 0 0 3621 2453 1168 0 0 0 0 27858 9756 18102 0 11684 4608 7076 171448 82659 88789 0 566468 543676 22792 189825 144381 45444 Cost of homes 2014697 2014697 Repairs and maintenance 318122 185450 132672 Contract services 678901 593082 85819 525858 469610 56251 5515761 4708960 806801 0 1701243 2679678 615062 162391 626104 658405 1400504 760586 6766 26671 16254726 6696551 10336477 9558175 4430770 4782839 19116926 18628745 216778 286107 367432 494361 5290959 4621236 81102 81855 5956271 5483559 X 12461414 12029137 699241 1116049 13160655 13145186 19116926 18628745 -15469 X X false true X true true true X 1078185 1189307 1005033 1945164 1774692 6992381 1078185 1189307 1005033 1945164 1774692 6992381 6992381 4416 4951 8872 46076 64315 7056696 0.99090 0.99290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 1530132 1530132 14612756 6591238 8021518 111838 105313 6525 9558175 Financial derivatives and other financial products Closely-held equity interests Tenant security deposits 81865 Revolving loan fund 24806 Acquisition of subsidiaries 4676168 4782839 Federal income taxes Security deposits held 81855 Homeowner down payments 81855 X 5500292 5500292 5500292 5515761 5515761 5515761 X 2 The Organization follows the FASB Accounting Standards Codification which provides guidance on accounting for uncertainty in income taxes recognized in an organizations financial statements. As of June 30, 2024, the Organization had no uncertain tax positions that qualify for either recognition or disclosure in the Organizations financial statements. Form 990, Part VI, Section A, Line 3 The organization contracted with a third party property managment company, DK Management, Inc. to manage the rental property portfolio. The effective date was 05/01/18. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the executive committee. Form 990, Part VI, Section B, Line 12c A Each board member shall, annually, identify all direct and indirect involvements and activities that do or could involve Eastern Eight or Eastern Eight programs, including Eastern Eight programs with funding or authority from federal sources. This includes actual past and present involvements and activities as well as expected future involvements and activities. Each board member shall also disclose, to the best of the board members knowledge, involvements and activities of family members which would be prohibited if the family member was a board member or staff of Eastern Eight. In addition to annual disclosure, each board member shall provide additional disclosure as facts and circumstances come to light that do or could involve Eastern Eight or Eastern Eight programs. B Board members shall initiate all contact with Eastern Eight staff regarding Eastern Eight programs, applications or other matters in which a board member has an interest or relationship through the director of finance. CThe director of finance shall analyze all disclosures and follow up as needed. D Board members shall announce, at committee meeting or at board meetings, the existence of an actual or potential conflict if discussion begins regarding matters in which the board member has an interest. Unless the actual or potential conflict has been previously discussed. EAny board member, the executive director or director of finance may refer any matter to the finance and audit committee for clarification or determination. The finance and audit committee shall interpret this policy, in light of statutory language and any facts and circumstances presented to it, and fashion any remedy or requirement the committee deems necessary to protect the integrity of Eastern Eight and its programs. Form 990, Part I, Section B, Line 15 The board of directors must approve all compensation recommendations. Form 990, Part VI, Section C, Line 19 All the documents are available to the public upon request or on organizations website - WWW.E8CDC.ORG Form 990, Part XII, Line 2c The executive committee of Eastern Eight is responsible for the selection and oversight of the audit.