Nonprofit · EIN 80-0030850
TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · HENDERSON, NC 27536
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | -$1,332 | $45,025 | -$46,357 | $355,706 | $23,088 | $332,618 |
| December 31, 2023 | 990 | $22,625 | $85,026 | -$62,401 | $404,521 | $25,546 | $378,975 |
| December 31, 2022 | 990 | $18,873 | $89,777 | -$70,904 | $522,397 | $81,021 | $441,376 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,625
- Investment income
- $14,985
- Net gain from sales of assets
- -$30,942
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,993
- Benefits paid to members
- $463
- Compensation of officers, directors and key employees
- $12,000
- Salaries, compensation and benefits (total)
- $12,000
- Professional fees and payments to contractors
- $2,252
- Occupancy
- $9,387
- Printing, publications and postage
- $231
- Other expenses
- $17,699
- Program services (functional)
- $23,997
Balance sheet and other
- Total assets, start of year
- $404,521
- Total assets, end of year
- $355,706
- Total liabilities, end of year
- $23,088
- Net assets, end of year
- $332,618
- Cash, savings and investments
- $217,019
- Land and buildings
- $138,687
- Gross receipts
- $29,610
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Morgan | President | 20 | $12,000 |
| Chris Morgan | Director | 0.5 | $0 |
| Dennis Tharrington | Direrctor | 0.5 | $0 |
| Betty Morgan | Financial Secretary | 0.5 | $0 |
| Sarah Tucker | Director | 0.5 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| GARY W MORGAN | PRESIDENT Officer | 20 | $12,000 | $12,000 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY W MORGAN | President Trustee or director, Officer | 20 | $7,034 |
| BETTY H MORGAN | Secretary Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER A MORGAN | Director Trustee or director | 1 | $0 |
| WALTER D THARRINGTON | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2301, HENDERSON, NC 27536-2301
- In care of
- % GARY W MORGAN
- Signed the 990-EZ
- Gary Morgan, President/CEO
- Phone
- (252) 915-1650
Mission
COMMUNITY DEVELOPMENT IN THE FORMS OF: 1. MAINTENANCE & PROVISION OF LOW INCOME HOUSING, 2. DIRECT FINANCIAL SUPPORT TO LOW INCOME INDIVIDUALS, 3. DIRECT FINANCIAL SUPPORT TO NON-PROFIT ORGANIZATIONS
Program accomplishments
- Provision & maintenance of low income housing. Development & funding of bakeries to feed the hungry abroad. Funding support for alcohol & drug rehabilitation. Funding support to local ministries serving inner city populations. Direct community outreach (events, financial assistance, etc.)Expenses $23,997 · grants $2,993
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0030850
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $355,706
- Income (IRS master file)
- $29,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | -$1,332 | $45,025 | $355,706 | XML |
| 990 | December 2023 | $22,625 | $85,026 | $404,521 | XML |
| 990 | December 2022 | $18,873 | $89,777 | $522,397 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 80-0030850).
Questions about TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION is 80-0030850.
- Is TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $12,000 (Gary Morgan, President).
- How much revenue does TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of -$1,332, expenses of $45,025 and total assets of $355,706 at year end.
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All nonprofits in HENDERSON · North Carolina · Housing and shelter