Nonprofit · EIN 58-1355244
CHERRY COMMUNITY ORGANIZATION INC
Tax-exempt · CHARLOTTE, NC 28204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $25,765 | $232,037 | -$206,272 | $6,655,326 | $0 | $6,655,326 |
| December 31, 2023 | 990 | $184,947 | $227,058 | -$42,111 | $6,726,052 | $0 | $6,726,052 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,000
- Program service revenue
- $0
- Investment income
- $436
- Net rental income
- $329
- Other revenue
- $329
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $156
- Accounting fees
- $425
- Occupancy
- $3,872
- Depreciation
- $3,615
- Program services (functional)
- $223,162
- Management and general (functional)
- $8,875
Balance sheet and other
- Total assets, start of year
- $6,726,052
- Total assets, end of year
- $6,655,326
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,655,326
- Land, buildings and equipment
- $6,488,300
- Net assets without donor restrictions
- $6,655,326
- Gross receipts
- $66,688
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- NC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA BYNUM | PRESIDENT Trustee or director | 1 | $0 |
| BARBARA RAINEY | VICE PRESIDENT Trustee or director | 1 | $0 |
| DONNA M GRIER | SECRETARY Trustee or director | 1 | $0 |
| MYRON PATTON | TREASURER Trustee or director | 1 | $0 |
| DORIS DENNIS | DIRECTOR Trustee or director | 1 | $0 |
| ANTONIO JORDAN | DIRECTOR Trustee or director | 1 | $0 |
| YVONNE BITTLE | FOUNDING BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA BYNUM | PRESIDENT Trustee or director | 1 | $0 |
| BARBARA RAINEY | VICE PRESIDENT Trustee or director | 1 | $0 |
| DONNA M GRIER | SECRETARY Trustee or director | 1 | $0 |
| MYRON PATTON | TREASURER Trustee or director | 1 | $0 |
| DORIS DENNIS | DIRECTOR Trustee or director | 1 | $0 |
| ANTONIO JORDAN | DIRECTOR Trustee or director | 1 | $0 |
| YVONNE BITTLE | FOUNDING BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 610 BALDWIN AVE, CHARLOTTE, NC 28204-3004
- Principal officer (990 for 2024)
- BARBARA RAINEY, 610 BALDWIN, CHARLOTTE, NC 28204
- Signed the 990
- BARBARA RAINEY, VICE PRESIDENT
- Phone
- (704) 954-0045
- Return prepared by
- Bobby T Martin & Associates LLC
Mission
PRESERVATION OF THE HISTORIC NATURE OF THE CHERRY COMMUNITY
Program accomplishments
- PRESERVE THE HISTORIC NATURE OF THE CHERRY COMMUNITY AND PROVIDE HOUSING OPPORTUNITIES TO LOW AND MODERATE INCOME INDIVIDUALS.Expenses $223,162 · revenue $66,688
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1355244
- 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
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25Z)
- Assets (IRS master file)
- $6,655,326
- Income (IRS master file)
- $66,688
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $25,765 | $232,037 | $6,655,326 | IRS |
| 990 | December 2023 | $184,947 | $227,058 | $6,726,052 | XML |
| 990 | December 2022 | $114,873 | $40,141 | $2,238,938 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 58-1355244).
Questions about CHERRY COMMUNITY ORGANIZATION INC
- What is the EIN of CHERRY COMMUNITY ORGANIZATION INC?
- The employer identification number (EIN) of CHERRY COMMUNITY ORGANIZATION INC is 58-1355244.
- Is CHERRY COMMUNITY ORGANIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to CHERRY COMMUNITY ORGANIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHERRY COMMUNITY ORGANIZATION INC 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 CHERRY COMMUNITY ORGANIZATION INC 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 CHERRY COMMUNITY ORGANIZATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHERRY COMMUNITY ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 names BARBARA RAINEY.
- Who are the officers and directors of CHERRY COMMUNITY ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does CHERRY COMMUNITY ORGANIZATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $25,765, expenses of $232,037 and total assets of $6,655,326 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Housing and shelter