Overview
What is Olive Hill Community Economic?
Olive Hill Community Economic, operating under the name Development Corporation Inc, is a nonprofit organization situated in Morganton, North Carolina. With a focus on empowering local residents, this organization offers assistance in various aspects of community development. This includes helping individuals become homeowners, establish their own businesses, and enhance their computer skills. Serving the counties of Burke, Caldwell, Catawba, and McDowell in North Carolina, Olive Hill Community Economic aims to positively impact the financial stability of the area's residents by providing asset-building opportunities. With a modest workforce of three dedicated individuals, they strive to make a difference in their community's economic environment.
Official website here: www.ohcedc.org
Is Olive Hill Community Economic legitimate?
Olive Hill Community Economic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olive Hill Community Economic submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,763
For more financial information, click here
Official website here: www.ohcedc.org
What is the mission statement of Olive Hill Community Economic?
Olive Hill Community Economic, as an organization, aims to positively influence the economic situation of local residents. They achieve this by offering asset-building opportunities, which in turn help individuals work towards financial stability. Their activities encompass assisting residents in acquiring home ownership, starting their own businesses, and improving their computer skills. The organization serves the residents of Burke, Caldwell, Catawba, and McDowell counties in North Carolina.
Official website here: www.ohcedc.org
Who is the CEO of Olive Hill Community Economic?
Beverly Carlton is the Executive Director of Olive Hill Community Economic.
Official website here: www.ohcedc.org
What is the revenue of Olive Hill Community Economic?
Olive Hill Community Economic's revenue in 2022 was $43,206.
Official website here: www.ohcedc.org
Who are the executives of Olive Hill Community Economic and what are their salaries?
The average compensation at Olive Hill Community Economic during 2022 was $24,921. There are 3 employees at Olive Hill Community Economic.
Here are 6 key members and their salaries:
- Compensation: $46,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ohcedc.org
Where can I find the form 990 for Olive Hill Community Economic?
Olive Hill Community Economic's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohcedc.org
Learn more at the official website: www.ohcedc.org
Mission Statement of Olive Hill Community Economic
Olive Hill Community Economic, a nonprofit organization, is committed to making a positive impact on the economic environment of its local residents. Their mission is to provide opportunities for asset building, enabling residents to strive for financial stability. In simpler terms, Olive Hill Community Economic seeks to empower its community members by offering resources for home ownership, entrepreneurship, and digital literacy. The organization serves the residents of Burke, Caldwell, Catawba, and McDowell counties in North Carolina.
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Impact
August, 2024
Olive Hill Community Economic positively impacts the economic environment of residents in Burke, Caldwell, Catawba, and McDowell counties in North Carolina. By providing asset-building opportunities such as assistance with home ownership, business ownership, and computer skills, Olive Hill Community Economic helps residents achieve financial stability. Their focus on housing initiatives contributes to the overall well-being and prosperity of the community by empowering individuals to build financial security and create sustainable livelihoods.
This information is meant to be a general summary of Olive Hill Community Economic. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $90
- Program Service Revenue: $18,569
- Gross Receipts: $43,206
Assets and Liabilities:
- Total Assets: $52,584
- Total Liabilities: $63,027
- Net Assets: -$10,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contributions
Revenue
$15,907
Other Income
Revenue
$2,662
Organization Details
Founding Year
1998
Principal Officer
Beverly Carlton
Main Address
PO Box 4008, Morganton, NC, 28680
Website
www.ohcedc.orgNTEE Category
Code: L80 - Housing
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