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Cherryville Community Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.03k (2023)

Expenses
$650 (2023)

Total Assets
$252k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2015 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$6,026
Expenses
$650
Net Income
$5,376
Net Assets
$252,415
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,273
87.5%
Net Fundraising $0
Sales of Assets $753
12.5%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $252,415
Total Liabilities $0
Net Assets $252,415
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Ben Blackburn (Secretary) $0 $0
Terry Stroupe (Vice Preside) $0 $0
Richard Randall (Board Member) $0 $0
Susan Lewis (Board Member) $0 $0
Reggie Walker (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$10,075
Expenses
$615
Net Income
$9,460
Net Assets
$247,039
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,109
60.6%
Net Fundraising $0
Sales of Assets $3,966
39.4%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $247,039
Total Liabilities $0
Net Assets $247,039
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Ben Blackburn (Secretary) $0 $0
Richard Randall (Board Member) $0 $0
Terry Stroupe (Board Member) $0 $0
Susan Lewis (Board Member) $0 $0
Reggie Walker (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$7,714
Expenses
$600
Net Income
$7,114
Net Assets
$237,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $288
3.7%
Program Services $0
Investment Income $4,051
52.5%
Net Fundraising $0
Sales of Assets $3,375
43.8%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $237,579
Total Liabilities $0
Net Assets $237,579
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Richard Randall (Secretary) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Terry Stroupe (Board Member) $0 $0
Susan Lewis (Board Member) $0 $0
Ben Blackburn (Board Member) $0 $0
Reggie Walker (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$9,751
Expenses
$590
Net Income
$9,161
Net Assets
$230,465
Notable Sources of Revenue Percent of Total Revenue
Contributions $936
9.6%
Program Services $0
Investment Income $6,201
63.6%
Net Fundraising $0
Sales of Assets $2,614
26.8%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $230,465
Total Liabilities $0
Net Assets $230,465
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Larry Summer (Vice Preside) $0 $0
Carroll Carpenter (Vice Preside) $0 $0
Richard Randall (Secretary) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Andy West (Board Member) $0 $0
Stan Allen (Board Member) $0 $0
Robert Austell (Board Member) $0 $0
Terry Stroupe (Board Member) $0 $0
Susan Lewis (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$8,598
Expenses
$565
Net Income
$8,033
Net Assets
$221,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $648
7.5%
Program Services $0
Investment Income $5,316
61.8%
Net Fundraising $0
Sales of Assets $2,634
30.6%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $221,303
Total Liabilities $0
Net Assets $221,303
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Larry Summer (Vice Preside) $0 $0
Carroll Carpenter (Vice Preside) $0 $0
Richard Randall (Secretary) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Andy West (Board Member) $0 $0
Stan Allen (Board Member) $0 $0
Robert Austell (Board Member) $0 $0
Terry Stroupe (Board Member) $0 $0
Susan Lewis (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$21,074
Expenses
$500
Net Income
$20,574
Net Assets
$213,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,181
24.6%
Net Fundraising $0
Sales of Assets $15,893
75.4%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $213,270
Total Liabilities $0
Net Assets $213,270
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Larry Summer (Vice Preside) $0 $0
Carroll Carpenter (Vice Preside) $0 $0
Richard Randall (Secretary) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Andy West (Board Member) $0 $0
Stan Allen (Board Member) $0 $0
Robert Austell (Board Member) $0 $0
Terry Stroupe (Board Member) $0 $0
Susan Lewis (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$8,821
Expenses
$600
Net Income
$8,221
Net Assets
$192,696
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,762
42.6%
Net Fundraising $0
Sales of Assets $5,059
57.4%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $192,696
Total Liabilities $0
Net Assets $192,696
Compensation
Key Employees and Officers Compensation Other
D M Payseur (President) $0 $0
Larry Summer (Vice Preside) $0 $0
Carroll Carpenter (Vice Preside) $0 $0
Richard Randall (Secretary) $0 $0
Palmer E Huffstetler Sr (Treasurer) $0 $0
Andy West (Board Member) $0 $0
Stan Allen (Board Member) $0 $0
Robert Austell (Board Member) $0 $0
Terry Stroupe (Board Member) $0 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
-$88,477
Expenses
$12,151
Net Income
-$100,628
Net Assets
$184,475
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,114
Net Fundraising $0
Sales of Assets -$91,591
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $184,475
Total Liabilities $0
Net Assets $184,475
Compensation
Key Employees and Officers Compensation Other
Palmer E Huffstetler Sr (President) $0 $0
Carroll Carpenter (Board Member) $0 $0
Richard Randall (Secretary/Tr) $0 $0
Andy West (Board Member) $0 $0
D M Payseur (Board Member) $0 $0
Stan Allen (Board Member) $0 $0
Robert Austell (Board Member) $0 $0
Terry Stroupe (Board Member) $0 $0
Larry Summer (Vice Preside) $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$194,128
Expenses
$13,074
Net Income
$181,054
Net Assets
$285,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $186,123
95.9%
Program Services $0
Investment Income $3,697
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,308
2.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $285,103
Total Liabilities $0
Net Assets $285,103
Compensation
Key Employees and Officers Compensation Related Other
Palmer E Huffstetler Sr (President) $0 $0 $0
Carroll Carpenter (Board Member) $0 $0 $0
Richard Randall (Secretary/Tr) $0 $0 $0
Andy West (Board Member) $0 $0 $0
D M Payseur (Board Member) $0 $0 $0
Stan Allen (Board Member) $0 $0 $0
Robert Austell (Board Member) $0 $0 $0
Terry Stroupe (Board Member) $0 $0 $0
Larry Summer (Vice Preside) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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