Nonprofit · EIN 56-1470584
CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · CHERRYVILLE, NC 28021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-EZ | $21,171 | $752 | $20,419 | $288,216 | – | $288,216 |
| September 30, 2024 | 990 | $16,077 | $695 | $15,382 | $267,797 | $0 | $267,797 |
Financial details: 990-EZ for the year ended September 30, 2025
Revenue
- Investment income
- $9,661
- Net gain from sales of assets
- $11,510
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $750
- Other expenses
- $2
- Program services (functional)
- $752
Balance sheet and other
- Total assets, start of year
- $267,797
- Total assets, end of year
- $288,216
- Total liabilities, end of year
- –
- Net assets, end of year
- $288,216
- Cash, savings and investments
- $288,216
- Gross receipts
- $89,423
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| D M PAYSEUR | PRESIDENT | 1 | $0 |
| PALMER E HUFFSTETLER SR | TREASURER | 2 | $0 |
| BEN BLACKBURN | SECRETARY | 0.5 | $0 |
| TERRY STROUPE | VICE PRESIDE | 0.5 | $0 |
| RICHARD RANDALL | BOARD MEMBER | 0.5 | $0 |
| SUSAN LEWIS | BOARD MEMBER | 0.5 | $0 |
| REGGIE WALKER | BOARD MEMBER | 0.5 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| D M PAYSEUR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PALMER E HUFFSTETLER SR | TREASURER Trustee or director, Officer | 2 | $0 |
| BEN BLACKBURN | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| TERRY STROUPE | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| RICHARD RANDALL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SUSAN LEWIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| REGGIE WALKER | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2141 FAIRWAYS DR, CHERRYVILLE, NC 28021-2115
- In care of
- % PALMER E HUFFSTETLER SR
- Mailing address (990-N for 2013)
- 2141 Fairways Drive, Cherryville NC 28021
- Principal officer (990-N for 2013)
- Palmer E Huffstetler Sr, 2141 Fairways Drive, Cherryville NC 28021
- Signed the 990-EZ
- PALMER E HUFFSTETLER SR, TREASURER
- Phone
- (704) 435-3716
- Return prepared by
- BUTLER & STOWE
Mission
TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.
Program accomplishments
- CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION SEEKS OPPORTUNITIES TO EXPAND ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.Expenses $752
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-EZ on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-1470584
- 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
- 2013
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $288,216
- Income (IRS master file)
- $89,423
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | September 2025 | $21,171 | $752 | $288,216 | XML |
| 990 | September 2024 | $16,077 | $695 | $267,797 | XML |
| 990-EZ | September 2023 | – | – | – | IRS |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990-EZ | September 2021 | – | – | – | IRS |
| 990-EZ | September 2019 | – | – | – | IRS |
| 990-EZ | September 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Palmer E Huffstetler Sr | September 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-1470584).
Questions about CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION is 56-1470584.
- Is CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHERRYVILLE 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 CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended September 2025.
- Who is the principal officer of CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION?
- The 990-N for 2013 names Palmer E Huffstetler Sr.
- Who are the officers and directors of CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended September 30, 2025 it reported revenue of $21,171, expenses of $752 and total assets of $288,216 at year end.
Other nonprofits in CHERRYVILLE
- NATIONAL COUNCIL OF TEXTILE ORGANIZATIONS EIN 20-0767664 · last filed 990 for 2025
- CHERRYVILLE ROTARY CLUB FOUNDATION EIN 27-3606958 · last filed 990-N for 2025
- CHERRYVILLE AREA MINISTRIES AND THRIFT SHOP EIN 56-1002225 · last filed 990 for 2025
- CHERRYVILLE HIGH SCHOOL EDUCATION FOUNDATION EIN 27-4027430 · last filed 990 for 2025
- IDENTITY MISSION EIN 47-3061155 · last filed 990 for 2025
- CAMP LUCK INC EIN 27-4174759 · last filed 990 for 2024
- THE CHERRYVILLE HISTORICAL ASSOCIATION INC EIN 56-1592727 · last filed 990 for 2025
- AMERICAN LEGION EIN 56-6088212 · last filed 990 for 2025
All nonprofits in CHERRYVILLE · North Carolina · Community improvement and capacity building