OLIVE HILL COMMUNITY ECONOMIC DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

L80

Classification

2100

Street

200 S COLLEGE ST STE A

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

• Olive Hill CEDC advanced its homeownership mission in 2025 by conducting 10 education classes each averaging 12 participants from underserved communities across Burke Caldwell Catawba and McDowell Counties. All participants were required to complete financial literacy training as part of the program. We also provided one-on-one counseling to an average of 4 clients per month totaling 48 personalized sessions for the year. These services helped 15 participants successfully transition to homeownership. Despite being led by just two staff members our team extended its reach through recurring Homeownership Month events with Habitat for Humanity of Catawba County and outreach efforts with the Health Department Employment Security Commission Community Health Needs Assessment and the Burke County Housing Development Workgroup. With additional funding Olive Hill CEDC could expand these outcomes and serve significantly more families across the region.

  Expenses $47,452

• Foreclosure Prevention and Housing Stability: Olive Hill CEDC provided foreclosure prevention and housing stability counseling to homeowners experiencing mortgage delinquency financial hardship job loss reduced income medical challenges and other circumstances threatening their ability to remain housed. Services included individualized financial assessments household budgeting review of mortgage and delinquency information assistance communicating with mortgage servicers loss-mitigation preparation and development of written action plans. Clients received guidance on repayment plans loan modifications forbearance options available assistance programs and other alternatives to foreclosure when appropriate. OHCEDC also coordinated referrals to legal financial and community resources when additional assistance was needed. These services helped homeowners better understand their options respond to servicer requirements address delinquency and work toward preserving stabl

  Expenses $37,961

• Olive Hill CEDC supported local entrepreneurship and economic mobility by providing small business counseling strategic planning support and access to capital guidance to 18 clients in 2025. Services included one-on-one business plan development financial readiness assessments and assistance navigating startup and expansion challenges. As part of our effort to connect underserved entrepreneurs to culturally responsive lending we referred 6 clients to Mountain BizWorks Multicultural Catalyst Fund for non-traditional financing. Additionally 1 client was referred to The Industrial Commons loan program for targeted financial assistance. These referrals helped clients secure capital formalize operations and move closer to sustainable income generation. Through this work Olive Hill CEDC continues to close racial wealth gaps and expand inclusive economic opportunity for emerging business owners in western North Carolina.

  Expenses $9,490

• Form 990-EZ Part III - Homeownership & Financial Literacy Olive Hill CEDC conducted 10 homeownership education classes in 2024 each averaging 8-12 participants. All participants were required to complete financial literacy training. Additionally 48 one-on-one housing counseling sessions were provided throughout the year. These efforts resulted in 15 first-time home purchases. Despite a two-person staff Olive Hill expanded reach through Homeownership Month events with Habitat for Humanity and partnerships with agencies like the Health Department Employment Security Commission and county housing workgroups.

• Form 990-EZ Part III - Disaster Recovery In response to Tropical Storm Helene Olive Hill CEDC provided post-disaster support to over 100 residents in western North Carolina. Services included housing counseling emergency financial literacy rental support and referrals to housing repair and legal aid resources. These efforts helped stabilize vulnerable households and extended Olive Hills capacity to respond equitably and effectively to regional recovery needs.

• Form 990-EZ Part III - Small Business Development Olive Hill CEDC provided small business counseling planning support and capital access navigation to 18 clients. Six were referred to Mountain BizWorks Multicultural Catalyst Fund for nontraditional financing and one was referred to The Industrial Commons loan program. These services helped underserved entrepreneurs build capacity and move toward sustainable income generation.

• Form 990-EZ Part V Line 34 - Changes to Organizing Documents No significant changes were made to the organizations organizing documents in 2024.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

• 2025

  Revenue

  $73,324

  Expenses

  $94,903

  Contributions

  $22,171

  Grants paid

  — not reported

• 2024

  Revenue

  $130,049

  Expenses

  $81,190

  Contributions

  $127,895

  Grants paid

  — not reported

• 2023

  Revenue

  $124,056

  Expenses

  $99,067

  Contributions

  $96,500

  Grants paid

  — not reported

• 2022

  Revenue

  $43,206

  Expenses

  $152,458

  Contributions

  $24,547

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $214,466

  Expenses

  $142,756

  Assets (EOY)

  $158,880

• 2020 · 990-EZ

  Revenue

  $105,568

  Expenses

  $70,915

  Assets (EOY)

  $92,717

• 2019 · 990-EZ

  Revenue

  $148,097

  Expenses

  $95,292

  Assets (EOY)

  $1,377

• 2018 · 990-EZ

  Revenue

  $99,522

  Expenses

  $103,968

  Assets (EOY)

  $5,520

• 2017 · 990

  Revenue

  $52,655

  Expenses

  $248,751

  Assets (EOY)

  $7,131

• 2016 · 990

  Revenue

  $115,172

  Expenses

  $115,708

  Assets (EOY)

  $225,933

• 2015 · 990

  Revenue

  $102,776

  Expenses

  $218,524

  Assets (EOY)

  $241,910

• 2015 · 990

  Revenue

  $119,770

  Expenses

  $216,673

  Assets (EOY)

  $263,117

• 2014 · 990

  Revenue

  $238,868

  Expenses

  $301,945

  Assets (EOY)

  $319,134

• 2013 · 990

  Revenue

  $340,303

  Expenses

  $304,250

  Assets (EOY)

  $392,628

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• NORTH CAROLINA HOUSING COALITION INC

  $51,888

  2024

• NORTH CAROLINA HOUSING COALITION INC

  $42,764

  2022

• THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC

  $25,000

  2024 · BUILDING COMMUNITY & ECONOMIC VITALITY

• NORTH CAROLINA HOUSING COALITION INC

  $18,251

  2025

Other IRS files