NonprofitsOlive Hill Community Economic Development Corporation

Housing & Shelter

Olive Hill Community Economic Development Corporation

MORGANTON, NC

Total revenue

$130K

Total expenses

$81K

Net assets

$77K

Grants received

$329K

6 grants

EIN

311639629

Tax year

2024

Mission

Olive Hill Community Economic Development Corporation Inc. empowers low-to-moderate-income individuals across Burke Caldwell Catawba and McDowell Counties through housing counseling financial literacy disaster recovery and small business development. We support clients in achieving homeownership avoiding foreclosure building credit and growing microenterprises. In 2024 Olive Hill CEDC served up to 500 individuals through one-on-one counseling financial workshops and post-disaster housing recovery services following Tropical Storm Helene. Our work includes culturally responsive outreach small business and nonprofit support and equity-focused programs that promote economic mobility. We also host community engagement events and partner with local institutions to expand access to essential services.

Financials

FY 2024

Revenue

Contributions & grants$128K
Program service revenue$2K
Investment income$80
Other revenue
Total revenue$130K

Expenses

Grants paid
Salaries & benefits$55K
Fundraising
Other expenses$10K
Total expenses$81K
Total assets$77K
Net assets$77K

People

6 listed

NameRoleCompensation

{"_":"Beverly Carlton","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Executive Director

Board

$16K

40 hrs/wk

{"_":"Winston Hill Jr","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board President

Board

2 hrs/wk

{"_":"Leslie Kern","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board Secretary

Board

2 hrs/wk

{"_":"Ebony Johnson Hill","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Treasurer

Board

2 hrs/wk

{"_":"Rev Anthony Ratcliff","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board Member

Board

2 hrs/wk

{"_":"Charlita Lytle","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Board Member

Board

2 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$45K
FOR ITS PROGRESS FUND PROJECT, WNC DISASTER RELIEF
2024
$39K
IMPACT GRANT
2020

Funded by

$329K from 3 funders · 6 grants · 2020–2024

North Carolina Housing Coalition

$244K · 4 grants · 2020–2024

Z Smith Reynolds Foundation Inc

$45K · 1 grant · 2024

Wnc Bridge Foundation

$39K · 1 grant · 2020

Details

EIN311639629
NTEE codeL80
Subsection03
Ruling date1999-07
OLIVE HILL COMMUNITY ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo