2026-09-01T18:32:22-04:00 2025-12-31 990EZ 2025-01-01 311639629 Olive Hill Community Economic Development Corporation OLIV 8284754620 200 S COLLEGE ST STE A MORGANTON NC 28655 Beverly Carlton President CEO 8284754620 2026-09-02 2025 X www.ohcedc. org X X 75854 22171 48086 17 0 5580 2530 3050 0 73324 79948 902 13744 309 94903 -21579 77136 -39464 16093 X 53817 16093 23319 0 77136 16093 77136 16093 X Olive Hill Community Economic Development Corporation Inc. empowers low-to-moderate-income individuals across Burke Caldwell Catawba and McDowell Counties through housing counseling financial literacy disaster recovery and small business development. We support clients in achieving homeownership avoiding foreclosure building credit and growing microenterprises. In 2025 Olive Hill CEDC served up to 500 individuals through one-on-one counseling financial workshops and post-disaster housing recovery services following Tropical Storm Helene. Our work includes culturally responsive outreach small business and nonprofit support and equity-focused programs that promote economic mobility. We also host community engagement events and partner with local institutions to expand access to essential services. Olive Hill CEDC advanced its homeownership mission in 2025 by conducting 10 education classes each averaging 12 participants from underserved communities across Burke Caldwell Catawba and McDowell Counties. All participants were required to complete financial literacy training as part of the program. We also provided one-on-one counseling to an average of 4 clients per month totaling 48 personalized sessions for the year. These services helped 15 participants successfully transition to homeownership. Despite being led by just two staff members our team extended its reach through recurring Homeownership Month events with Habitat for Humanity of Catawba County and outreach efforts with the Health Department Employment Security Commission Community Health Needs Assessment and the Burke County Housing Development Workgroup. With additional funding Olive Hill CEDC could expand these outcomes and serve significantly more families across the region. 0 47452 Foreclosure Prevention and Housing Stability: Olive Hill CEDC provided foreclosure prevention and housing stability counseling to homeowners experiencing mortgage delinquency financial hardship job loss reduced income medical challenges and other circumstances threatening their ability to remain housed. Services included individualized financial assessments household budgeting review of mortgage and delinquency information assistance communicating with mortgage servicers loss-mitigation preparation and development of written action plans. Clients received guidance on repayment plans loan modifications forbearance options available assistance programs and other alternatives to foreclosure when appropriate. OHCEDC also coordinated referrals to legal financial and community resources when additional assistance was needed. These services helped homeowners better understand their options respond to servicer requirements address delinquency and work toward preserving stabl 0 37961 Olive Hill CEDC supported local entrepreneurship and economic mobility by providing small business counseling strategic planning support and access to capital guidance to 18 clients in 2025. Services included one-on-one business plan development financial readiness assessments and assistance navigating startup and expansion challenges. As part of our effort to connect underserved entrepreneurs to culturally responsive lending we referred 6 clients to Mountain BizWorks Multicultural Catalyst Fund for non-traditional financing. Additionally 1 client was referred to The Industrial Commons loan program for targeted financial assistance. These referrals helped clients secure capital formalize operations and move closer to sustainable income generation. Through this work Olive Hill CEDC continues to close racial wealth gaps and expand inclusive economic opportunity for emerging business owners in western North Carolina. 0 9490 Form 990-EZ Part III - Homeownership & Financial Literacy Olive Hill CEDC conducted 10 homeownership education classes in 2024 each averaging 8-12 participants. All participants were required to complete financial literacy training. Additionally 48 one-on-one housing counseling sessions were provided throughout the year. These efforts resulted in 15 first-time home purchases. Despite a two-person staff Olive Hill expanded reach through Homeownership Month events with Habitat for Humanity and partnerships with agencies like the Health Department Employment Security Commission and county housing workgroups. 0 0 Form 990-EZ Part III - Disaster Recovery In response to Tropical Storm Helene Olive Hill CEDC provided post-disaster support to over 100 residents in western North Carolina. Services included housing counseling emergency financial literacy rental support and referrals to housing repair and legal aid resources. These efforts helped stabilize vulnerable households and extended Olive Hills capacity to respond equitably and effectively to regional recovery needs. 0 0 Form 990-EZ Part III - Small Business Development Olive Hill CEDC provided small business counseling planning support and capital access navigation to 18 clients. Six were referred to Mountain BizWorks Multicultural Catalyst Fund for nontraditional financing and one was referred to The Industrial Commons loan program. These services helped underserved entrepreneurs build capacity and move toward sustainable income generation. 0 0 Form 990-EZ Part V Line 34 - Changes to Organizing Documents No significant changes were made to the organizations organizing documents in 2024. 0 0 94903 Beverly Carlton Executive Director 40 44000 0 0 Winston Hill Jr Board President 2 0 0 0 Leslie Kern Board Secretary 2 0 0 0 Ebony Johnson Hill Treasurer 2 0 0 0 Rev Anthony Ratcliff Board Member 2 0 0 0 Charlita Lytle Board Member 2 0 0 0 false false false false false 0 false false false false NC Smart Business Solutions 911 West Union St Morganton NC 28655 8284135104 false false false false false false false false false false false NONE NONE true X 213491 53849 110875 130049 75854 584118 0 0 0 0 0 0 0 0 0 0 0 0 213491 53849 110875 130049 75854 584118 584118 0 0 0 0 0 0 0 0 0 0 0 0 584118 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Doing Business As Names OHCEDC | Olive Hill CEDC Part I, line 20 | Explanation:, Amount:| Prior-period adjustment to reconcile previously reported net assets to substantiated year-end assets based on available financial records., $-39464| Part II, line 24 | Explanation:, BOYAmount:, EOYAmount:| Other assets, $23319, $0|