Nonprofit · EIN 82-1730962
CENTRAL CAROLINA STRATEGIC DEVELOPERS
Tax-exempt · SANFORD, NC 27330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $207,012 | -$207,012 | $691,765 | $2,345 | $689,420 |
| December 31, 2023 | 990 | $206,811 | $4,451 | $202,360 | $897,040 | $608 | $896,432 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $204,056
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $207,012
Balance sheet and other
- Total assets, start of year
- $897,040
- Total assets, end of year
- $691,765
- Total liabilities, end of year
- $2,345
- Net assets, end of year
- $689,420
- Net assets without donor restrictions
- $689,420
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 2017
- 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 | From related orgs |
|---|---|---|---|---|
| Marcus Goodson | Former Interim CEO | 1 | $0 | $80,000 |
| Dr Michael Threatt | CEO Officer | 2.5 | $0 | $5,000 |
| Diane Sinnamon | Resident Trustee or director | 0.05 | $0 | $0 |
| Dr Karen Wicker | Director Trustee or director | 0.05 | $0 | $0 |
| Hope White | Board Chair Trustee or director, Officer | 0.05 | $0 | $0 |
| Jacqueline Dalrymple | Director Trustee or director | 0.05 | $0 | $0 |
| William Newby | Vice Chair Trustee or director, Officer | 0.05 | $0 | $0 |
| Holly Aeschliman | Director Trustee or director | 0.05 | $0 | $0 |
| Erin Britton | Director Trustee or director | 0.05 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Marcus Goodson | Former Interim CEO | 1 | $0 | $80,000 |
| Dr Karen Wicker | Director Trustee or director | 0.15 | $0 | $0 |
| Hope White | Board Chair Trustee or director, Officer | 0.15 | $0 | $0 |
| Carolyn Gilcrest | Director Trustee or director | 0.15 | $0 | $0 |
| William Newby | Director Trustee or director | 0.15 | $0 | $0 |
| Holly Aeschliman | Director Trustee or director | 0.15 | $0 | $0 |
| Erin Britton | Director Trustee or director | 0.15 | $0 | $0 |
| Dr Michael Threatt | CEO Officer | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 504 N 1ST ST, SANFORD, NC 27330-3604
- Principal officer (990 for 2024)
- Dr Michael Threatt, 504 First Street, Sanford, NC 27330
- Signed the 990
- Dr Michael Threatt, CEO
- Phone
- (919) 776-7655
- Return prepared by
- BARTON GONZALEZ & MYERS PA
Mission
The corporation is organized and shall be operated exclusively for charitable purposes which are exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provisions of any future United States Internal Revenue Laws). The corporation is also a charitable corporation as defined in NCGS SSA-1-40(4). Specifically, the corporation is established as asupporting organization whose exclusive purpose is to support and carry out the purpose of the Sanford Housing Authority in providing affordable housing to low-income persons.
Program accomplishments
- Since its incorporation in 2017, CCSD is now the co-manager for Matthews Garden Gilmore, LLC, and responsible for the rehabilitation, day to day operations and management of 176 affordable housing units. The actual day to day operations and management of the units is provided by the Sanford Housing Authority. In addition to providing affordable housing, CCSD strives to promote services to enable and equip its residents with the tools needed for economic self-sufficiency.Expenses $207,012
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1730962
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $691,765
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $207,012 | $691,765 | XML |
| 990 | December 2023 | $206,811 | $4,451 | $897,040 | XML |
| 990 | December 2022 | $20 | $26,957 | $694,072 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | 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 82-1730962).
Questions about CENTRAL CAROLINA STRATEGIC DEVELOPERS
- What is the EIN of CENTRAL CAROLINA STRATEGIC DEVELOPERS?
- The employer identification number (EIN) of CENTRAL CAROLINA STRATEGIC DEVELOPERS is 82-1730962.
- Is CENTRAL CAROLINA STRATEGIC DEVELOPERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CENTRAL CAROLINA STRATEGIC DEVELOPERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CENTRAL CAROLINA STRATEGIC DEVELOPERS file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CENTRAL CAROLINA STRATEGIC DEVELOPERS 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 CENTRAL CAROLINA STRATEGIC DEVELOPERS 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 CENTRAL CAROLINA STRATEGIC DEVELOPERS?
- The 990 for the year ended December 31, 2024 names Dr Michael Threatt.
- Who are the officers and directors of CENTRAL CAROLINA STRATEGIC DEVELOPERS?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does CENTRAL CAROLINA STRATEGIC DEVELOPERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $207,012 and total assets of $691,765 at year end.
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