Nonprofit · EIN 62-1754514
EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · JOHNSON CITY, TN 37604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,500,292 | $5,515,761 | -$15,469 | $18,628,745 | $5,483,559 | $13,145,186 |
| June 30, 2024 | 990 | $5,091,405 | $4,652,290 | $439,115 | $19,116,926 | $5,956,271 | $13,160,655 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,774,692
- of which government grants
- $636,419
- Program service revenue
- $3,526,862
- Investment income
- $198,738
- Net gain from sales of assets
- $159,744
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $800,878
- Salaries, compensation and benefits (total)
- $970,293
- Professional fundraising fees
- $0
- Legal fees
- $7,152
- Accounting fees
- $29,834
- Travel
- $27,858
- Depreciation
- $566,468
- Program services (functional)
- $4,708,960
- Management and general (functional)
- $806,801
Balance sheet and other
- Total assets, start of year
- $19,116,926
- Total assets, end of year
- $18,628,745
- Total liabilities, end of year
- $5,483,559
- Net assets, end of year
- $13,145,186
- Land, buildings and equipment
- $9,558,175
- Net assets without donor restrictions
- $12,029,137
- Net assets with donor restrictions
- $1,116,049
- Gross receipts
- $5,500,292
- Employees
- 18
- Year formed
- 1998
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sherry Trent | Chief Exective Officer Officer | 40 | $117,044 |
| Steve Baldwin | Board member Trustee or director | 1 | $0 |
| Rose Neese | Board member Trustee or director | 1 | $0 |
| Bethany O'Leary | Board member Trustee or director | 1 | $0 |
| Ken Rea | Board member Trustee or director | 1 | $0 |
| Shawn Porter | Board member Trustee or director | 1 | $0 |
| Todd Smith | Board member Trustee or director | 1 | $0 |
| Virginia Robinson | Board member Trustee or director | 1 | $0 |
| Beverly Stevens | Board member Trustee or director | 1 | $0 |
| Ernie Stoltzfus | Board member Trustee or director | 1 | $0 |
| Paul Walton | Board member Trustee or director | 1 | $0 |
| Ashlee Ebberts | Board member Trustee or director | 1 | $0 |
| Robert Williams | Board member Trustee or director | 1 | $0 |
| Ron Von Essen | Board member Trustee or director | 1 | $0 |
| Barry Drummond | Board member Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Broyles | Board member Trustee or director | 1 | $0 |
| Cindy Winn | Board Chair Officer | 1 | $0 |
| Phil Carriger | Treasurer Officer | 1 | $0 |
| Jeff Linville | Secretary Officer | 1 | $0 |
| Lee Chase | Vice Chair Officer | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sherry Trent | Chief Exective Officer Officer | 40 | $110,411 | $15,868 |
| John Dillow | Chief Finance Officer Officer | 40 | $102,963 | $14,348 |
| Steve Baldwin | Board member Trustee or director | 1 | $0 | $0 |
| Rose Neese | Board member Trustee or director | 1 | $0 | $0 |
| Bethany O'Leary | Board member Trustee or director | 1 | $0 | $0 |
| Ken Rea | Board member Trustee or director | 1 | $0 | $0 |
| Shawn Porter | Board member Trustee or director | 1 | $0 | $0 |
| Todd Smith | Board member Trustee or director | 1 | $0 | $0 |
| Virginia Robinson | Board member Trustee or director | 1 | $0 | $0 |
| Beverly Stevens | Board member Trustee or director | 1 | $0 | $0 |
| Ernie Stoltzfus | Board member Trustee or director | 1 | $0 | $0 |
| Amy Baldwin | Board member Trustee or director | 1 | $0 | $0 |
| Ashlee Ebberts | Board member Trustee or director | 1 | $0 | $0 |
| Robert Williams | Board member Trustee or director | 1 | $0 | $0 |
| Micah Collie | Board member Trustee or director | 1 | $0 | $0 |
| Ron Von Essen | Board member Trustee or director | 1 | $0 | $0 |
| Barry Drummond | Board member Trustee or director | 1 | $0 | $0 |
| Linda Broyles | Board member Trustee or director | 1 | $0 | $0 |
| Cindy Winn | Board Chair Officer | 1 | $0 | $0 |
| Phil Carriger | Treasurer Officer | 1 | $0 | $0 |
| Jeff Linville | Secretary Officer | 1 | $0 | $0 |
| Lee Chase | Vice Chair Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3 LIMITED CENTRE ST, JOHNSON CITY, TN 37604-2490
- In care of
- % SHERRY TRENT
- Principal officer (990 for 2024)
- Sherry Trent, 214 E Watauga Avenue, Johnson City, TN 37601
- Signed the 990
- Sherry Trent, Executive Director
- Phone
- (423) 232-5097
- Website
- www.E8CDC.org
- Return prepared by
- David M Ellis CPA
Mission
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
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1754514
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L122)
- Assets (IRS master file)
- $18,628,745
- Income (IRS master file)
- $5,500,292
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,500,292 | $5,515,761 | $18,628,745 | XML |
| 990 | June 2024 | $5,091,405 | $4,652,290 | $19,116,926 | IRS |
| 990 | June 2023 | $4,015,634 | $4,089,385 | $17,935,027 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1754514).
Questions about EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION is 62-1754514.
- Is EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Sherry Trent.
- Who are the officers and directors of EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 1 received compensation from the organization, the highest $117,044 (Sherry Trent, Chief Exective Officer).
- How much revenue does EASTERN EIGHT COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,500,292, expenses of $5,515,761 and total assets of $18,628,745 at year end.
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All nonprofits in JOHNSON CITY · Tennessee · Housing and shelter