TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION

EIN: 800030850 501(c)(3) Housing & Shelter

HENDERSON, NC

Total Revenue
$22,625
Total Expenses
$85,026
Total Assets
$404,521
Net Assets
$378,975
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NC
Principal Officer
GARY W MORGAN
Phone
2529151650
Tax Period
2023-01-01 to 2023-12-31

TARHEEL REGIONAL COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $23K in total revenue in fiscal year 2023. Revenue surged 176% from the prior year, signaling strong growth momentum. Expenses of $85K exceeded revenue, resulting in a 276% operating deficit.

Mission

COMMUNITY DEVELOPMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-1,350
Other Revenue $23,975
TOTAL REVENUE $22,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,000
Fundraising Expenses $0
Program Expenses $36,913
Other Expenses $72,563
TOTAL EXPENSES $85,026

Year-over-Year Comparison

2023 2022 Change
Revenue $22,625 $8,212 +1.8%
Expenses $85,026 N/A N/A
Net Income $-62,401 $8,212 -8.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$24,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY W MORGAN PRESIDENT 20.00
Officer
$12,000 $0 $24,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $22,625 $85,026 $404,521 $-62,401
2022 $18,873 $89,777 $522,397 $-70,904
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