Overview

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Est.

1998

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Olive Hill Community Economic Development Corporation (EIN: 31-1639629) is a nonprofit organization dedicated to empowering low-to-moderate-income individuals in Burke, Caldwell, Catawba, and McDowell Counties through services such as housing counseling, financial literacy, disaster recovery, and small business development. With an operating budget of $81.2K and total revenue of $130K for the 2024 filing year, the organization served up to 500 individuals, focusing on culturally responsive outreach and equity-driven programs. Olive Hill CEDC does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission.

Mission Statement

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.
Revenues
$130K
Expenses
$81.2K
Net Income:
+$48.9K
Assets
$77.1K
Liabilities
$0
Net Assets:
+$77.1K
Operating Budget
$81.2K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$48.4K
Largest grant received
$51.9K
B
Beverly Carlton
Board Member
E
Ebony Johnson Hill
Board Member
R
Rev Anthony Ratcliff
Board Member

Frequently Asked Questions

What is Olive Hill Community Economic Development Corporation’s budget?
In 2024, Olive Hill Community Economic Development Corporation reported an annual operating budget of around $81 thousand. More detailed financial information is available to registered users.
What causes does Olive Hill Community Economic Development Corporation support?
Olive Hill Community Economic Development Corporation supports work in Economic development and Housing services.
Where does Olive Hill Community Economic Development Corporation operate?
Olive Hill Community Economic Development Corporation is headquartered in MORGANTON, NC.
Who funded Olive Hill Community Economic Development Corporation recently?
In 2025, Olive Hill Community Economic Development Corporation received grants from THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC, NORTH CAROLINA HOUSING COALITION INC, and Z SMITH REYNOLDS FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant Olive Hill Community Economic Development Corporation received in 2024?
The largest grant to Olive Hill Community Economic Development Corporation in 2024 exceeds $52 thousand.