2025-10-28T11:14:11-07:00 2025-06-30 208087076 FOTI FLYNN LOWEN & CO PC 501 S JEFFERSON ST ROANOKE VA 24011 990 2024-07-01 113843016 MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP MART 2764035940 191 FAYETTE ST THIRD FLOOR MARTINSVILLE VA 24112 MARK HEATH President 2025-10-28 true true BRADLEY J DAVIS CPA P00695707 5403449246 2024 2025-03-06 01:10:19Z MARK HEATH 191 FAYETTE ST THIRD FLOOR MARTINSVILLE VA 24112 2399574 false X www.yesmartinsville.com X 2008 VA TO EXPAND THE TAX BASE AND PROVIDE JOBS FOR THE MARTINSVILLE/HENRY COUNTY BY ENCOURAGING EXPANSION OF LOCAL BUSINESSES AND INDUSTRIES AND BY RECRUITING NEW BUSINESSES TO LOCATE. 9 9 0 0 1841964 2217488 2000 12000 113712 -4901280 96431 1957676 -2575361 265500 378000 0 995898 1023345 0 71532 884388 996175 2145786 2397520 -188110 -4972881 6423914 1593640 1008645 968752 5415269 624888 TO EXPAND THE TAX BASE AND PROVIDE JOBS FOR THE MARTINSVILLE/HENRY COUNTY BY ENCOURAGING EXPANSION OF LOCAL BUSINESSES AND INDUSTRIES AND BY RECRUITING NEW BUSINESSES TO LOCATE. false false 2175930 -4854504 THE CORPORATION'S SOLE PURPOSE IS TO EXPAND TAX BASE AND PROVIDE JOBS BY ENCOURAGING EXPANSION OF LOCAL BUSINESSES AND INDUSTRIES AND BY RECRUITING NEW BUSINESES TO LOCATE IN MARTINSVILLE/HENRY COUNTY. 2175930 true true false false false false false false false false true false false false false false false true false false false false false false false false false true false true false false false false false false false true false false false false false true true true false false true 32 0 false 0 false false false false false false false 0 false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false X MARK HEATH 2764035940 191 FAYETTE ST THIRD FLOOR MARTINSVILLE VA 24112 MARK HEATH President & CEO 40.00 0.00 X 314295 0 54169 RHONDA HODGES Director 2.00 0.00 X 0 0 0 ARETHA FERRELL-BENAVIDES Director 2.00 0.00 X 0 0 0 GRACIE AGNEW Secretary 2.00 0.00 X X 0 0 0 DAVID STONE VICE CHAIRMAN 2.00 0.00 X X 0 0 0 AMY LAMPE Treasurer 2.00 0.00 X X 0 0 0 JAMES McCLAIN Chairman 2.00 0.00 X X 0 0 0 DALE WAGONER Director 2.00 0.00 X 0 0 0 REV CHARLES WHITFIELD Director 2.00 0.00 X 0 0 0 314295 54169 1 false true false 0 600000 1617488 2217488 STUDENT LOAN FEES 12000 12000 12000 61655 61655 0 0 0 12000 4974935 -4962935 -4962935 -4962935 0 0 0 MISCELLANEOUS INCOME 96431 96431 96431 -2575361 -4854504 61655 378000 378000 0 0 0 368464 294771 36847 36846 0 423878 381492 21193 21193 102928 92638 5145 5145 73862 66477 3693 3692 54213 46523 3845 3845 0 0 45600 41040 4560 0 0 0 25510 22959 2551 286844 286844 25959 23366 2593 0 0 82474 74227 8247 25735 25735 0 2166 1624 217 325 0 0 71191 64072 7119 16393 14754 1418 221 PRODUCT DEVELOPMENT 269430 269430 CLOSING EXPENSES 50249 50249 EXISTING INDUSTRY 28302 28302 BASE RESEARCH 19579 19579 46743 44097 2381 265 2397520 2175930 150058 71532 68626 72145 1120599 1239199 0 96431 0 0 0 0 47748 1077 500748 315960 170317 184788 0 5016624 0 0 0 0 6423914 1593640 12895 17261 995750 951491 1008645 968752 X 5415269 624888 5415269 624888 6423914 1593640 -4972881 182500 X false true X true false X 3003775 2280103 1861440 1841964 2217488 11204770 0 0 3003775 2280103 1861440 1841964 2217488 11204770 7984159 3220611 52985 51458 54537 113712 -4913280 -4640588 0 0 6564182 14000 0.49060 0.27850 X Prior Year Facts and Circumstances: THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE COUNTY OF HENRY AND THE CITY OF MARTINSVILLE. BOTH GOVERNMENTAL UNITS HAVE PROVIDED FUNDING TO THE ORGANIZAITON FOR THE PAST SEVERAL YEARS. OTHER SUPPORT OF THE ORGANIZATION GENERALLY COMES FORM THE HARVEST FOUNDATION. THE ORGANIZATION'S GOVERNING BOARD REPRESENTS THE BROAD INTERESTS OF MARTINSVILLE AND HENRY COUNTY AND CONSISTS OF LOCAL BUSINESS LEADERSHIP, LOCAL COLLEGE LEADERSHIP AND LOCAL GOVERNMENT LEADERS. ADDITIONALLY, THE ORGANIZATION IS RENTING THE COMMONWEALTH CROSSING BUSINESS CENTRE FROM CCAT, INC. AND IN TURN PROVIDING THE FACILITY TO LOCAL BUSINESS ORGANIZATIONS AT NO COST IN AN EFFORT TO FURTHER THE MISSION OF EXPANDING BUSINESS IN THE MARTINSVILLE/HENRY COUNTY AREA TO IN TURN PROVIDE JOBS AND EXPAND THE TAX BASE IN THIS ECONOMICALLY DEPRESSED AREA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66647 21673 44974 434101 294287 139814 184788 true Advanced Revert LLC 1131 Mica Rd RIDGEWAY VA 24148 150000 0 BUILDING IMPROVEMENTS HENRY COUNTY PARKS & REC PO BOX 7 COLINSVILLE VA 24078 18000 0 SMITH RIVER FEST; HENRY COUNTY FAIR MARTINSVILLE INTERNATIONAL L 340 SPEEDWAY RD RIDGEWAY VA 24148 20000 0 SPEEDWAY SPONSORSHIP PRESS GLASS COMMONWEALTH CROSSING 1000 RIDGEWAY VA 24148 0 182500 FAIR VALUE IN-KIND RENT LEASE COMMONWEALTH CENTRE ROOSTER WALK PO BOX 601 MARTINSVILLE VA 24114 7500 0 MUSIC FESTIVAL 1 4 Grantmaker's Description of How Grants are Used MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT AUTHORITY REQUIRES GRANT RECIPIENTS TO PROVIDE PROGRESS REPORTS TOWARD GRANT REQUIRMENENTS AS WELL AS REPORTINGS SHOWING THAT GRANT REQUIREMENTS/GOALS HAVE BEEN MET. X false false false false false false false false false MARK HEATH President & CEO 272034 30000 12261 35806 18363 368464 MARK HEATH OFFICER NMTC TRANSACTIONS false Schedule L, Part V Supplemental Information MARK HEATH IS THE PRESIDENT/CEO OF MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION AND IS ALSO THE PRESIDENT OF CCAT, INC. CCAT, INC. IS A NONPROFIT ORGANIZATION CREATED TO HOLD PROPERTY AND TO FACILITATE NEW MARKET TAX CREDITS FOR THE COMMONWEALTH CROSSING BUSINESS CENTRE BUSINESS PARK. Form 990, Part VI, Section B, Line 11b PRESIDENT/CEO AND TREASURER REVIEW FORM 990 BEFORE FILING. Form 990, Part VI, Section B, Line 15a BOARD OF DIRECTORS APPROVES COMPENSATION OF KEY EMPLOYEES. Form 990, Part VI, Section C, Line 19 OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. MARTINSVILLE-HENRY CO REGIONAL ALLIANCE PO BOX 631 MARTINSVILLE VA 24114 541238340 VA 501(c) 6 MARTINSVILLE-HENRY CO EDC false CCAT INC 191 FAYETTE ST THIRD FLOOR MARTINSVILLE VA 24114 823178709 ECON DEVELOPMENT VA 501(C)(3) 170(b)(1)(A) (vi) N/A false CCAT LEVERAGED LENDER LLC 191 FAYETTE ST THIRD FLOOR MARTINSVILLE VA 24114 823184913 ECONOMIC DEV VA N/A -4974935 false false 0.57200 true false false false false false false false false false true false false false false false false false true CCAT INC k 92290 LEASE AGREEMENT CCAT LEVERAGED LENDER LLC a -4974935 ACCRUAL CCAT LEVERAGED LENDER LLC s 41655 ACCRUAL