Small Public Charity

Olive Hill Community Economic Development Corporation

Based in MORGANTON, NC, Olive Hill Community Economic Development Corporation operates as a Small Public Charity. The organization reported $73K in revenue, $95K in expenses, $16K in total assets for fiscal year 2025. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $391K.

EIN: 311639629 MORGANTON, NC Housing Support NTEE: L80 Latest filing: 2025
Total Revenue$73K
Total Expenses$95K
Total Assets$16K
Grant Records10
Funding Total$391K
Filing Years2021–2025

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 2025 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.

Where $100 goes at Olive Hill Community Economic Development Corporation

How Olive Hill Community Economic Development Corporation divides every $100 it spends, from its own Form 990-EZ filings, averaged across 9 years.

$47 Programs the work itself
$53 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $47 for programs

$17
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
36% of program spending · Reported in the filing: 10 classes; 12 participants; 48 sessions
$14
Foreclosure Prevention and Housing Stability
29% of program spending
$4
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
7% of program spending · Reported in the filing: 18 clients

Plus 4 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990-EZ filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Executive Director Beverly Carlton
Board Member Charlita Lytle
Treasurer Ebony Johnson Hill
Board Secretary Leslie Kern
Board Member Rev Anthony Ratcliff
Board President Winston Hill Jr

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$39,400 1 grant
Economic Development
$25,000 1 grant
Unspecified
$326,643 8 grants

Financial Trends

Year Revenue Expenses Assets
2025 $73K $95K $16K
2024 $130K $81K $77K
2023 $124K $99K $82K
2022 $43K $152K $53K
2021 $214K $143K $159K

Between 2021 and 2025, reported annual revenue declined from $214K to $73K (-66%), with total assets most recently reported at $16K.

Interactive year-over-year charts and full filing details available with membership.

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