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South Iredell Community Development Corporation

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$85.3k (2023)

Expenses
$161k (2023)

Total Assets
$8.71M (2023)

Total Liabilities
$3.19M (2023)

Source: Form 990 tax filings from 2011 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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,341
Expenses
$160,989
Net Income
-$75,648
Net Assets
$5,525,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $30,141
35.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,200
6.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $50,000
58.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,711,546
Total Liabilities $3,185,691
Net Assets $5,525,855
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Bill Thunberg (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Jenn Bosser (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Meghan Caldwell (Board Member) $0 $0 $0
Randy Hemann (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
Beth Mull (Board Member) $0 $0 $0
Melissa Neader (Board Member) $0 $0 $0
Bob Palmes (Board Member) $0 $0 $0
William Ruff (Board Member) $0 $0 $0
Tiffany Webber (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,471
Expenses
$134,580
Net Income
-$127,109
Net Assets
$5,601,503
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,771
37.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,700
62.9%
Net Fundraising $0
Sales of Assets $0
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 $9,604,542
Total Liabilities $4,003,039
Net Assets $5,601,503
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Bill Thunberg (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Jenn Bosser (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Meghan Caldwell (Board Member) $0 $0 $0
Randy Hemann (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
Leah Mitcham (Board Member) $0 $0 $0
Beth Mull (Board Member) $0 $0 $0
Melissa Neader (Board Member) $0 $0 $0
Bob Palmes (Board Member) $0 $0 $0
William Ruff (Board Member) $0 $0 $0
Tiffany Webber (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$542,015
Expenses
$154,320
Net Income
$387,695
Net Assets
$5,728,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,864
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,840
0.7%
Net Fundraising $0
Sales of Assets $536,311
98.9%
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 $9,731,651
Total Liabilities $4,003,039
Net Assets $5,728,612
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Bill Thunberg (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Beth Jones (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
Randy Hemann (Board Member) $0 $0 $0
Melissa Neader (Board Member) $0 $0 $0
Jenn Bosser (Board Member) $0 $0 $0
Bob Palmes (Board Member) $0 $0 $0
Meghan Caldwell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$564,056
Expenses
$165,275
Net Income
$398,781
Net Assets
$5,340,917
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,159
0.4%
Investment Income $9,041
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,600
1.0%
Net Fundraising $0
Sales of Assets $547,256
97.0%
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 $9,293,956
Total Liabilities $3,953,039
Net Assets $5,340,917
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Bill Thunberg (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Beth Jones (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
Randy Hemann (Board Member) $0 $0 $0
Jim Marshall (Board Member) $0 $0 $0
Jenn Bosser (Board Member) $0 $0 $0
Ken Robertson (Board Member) $0 $0 $0
Meghan Caldwell (Board Member) $0 $0 $0
Dan Brewer (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,066,307
Expenses
$163,284
Net Income
$903,023
Net Assets
$4,942,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $697,483
65.4%
Investment Income $4,502
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,675
0.4%
Net Fundraising $0
Sales of Assets $359,647
33.7%
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 $9,633,738
Total Liabilities $4,691,602
Net Assets $4,942,136
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Dan Brewer (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Beth Jones (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
Randy Hermann (Board Member) $0 $0 $0
Jim Marshall (Board Member) $0 $0 $0
Jenn Bosser (Board Member) $0 $0 $0
Viki M West (Board Member) $0 $0 $0
Kevin Donaldson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,866,757
Expenses
$414,390
Net Income
$1,452,367
Net Assets
$4,039,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $100,115
5.4%
Investment Income $1,267
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,800
0.5%
Net Fundraising $0
Sales of Assets $1,756,575
94.1%
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 $10,011,538
Total Liabilities $5,972,424
Net Assets $4,039,114
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Dan Brewer (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Beth Jones (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
David Treme (Board Member) $0 $0 $0
Jim Marshall (Board Member) $0 $0 $0
Russ Rogerson (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Viki M West (Board Member) $0 $0 $0
Kevin Donaldson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,415
Expenses
$186,969
Net Income
-$183,554
Net Assets
$2,586,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,483
72.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $932
27.3%
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 $8,256,199
Total Liabilities $5,669,452
Net Assets $2,586,747
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Dan Brewer (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Ron Smith (Board Member) $0 $0 $0
Jeff Mc Neely (Board Member) $0 $0 $0
Ryan Rase (Board Member) $0 $0 $0
Jim Marshall (Board Member) $0 $0 $0
Russ Rogerson (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Viki M West (Board Member) $0 $0 $0
Kevin Donaldson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$284,080
Expenses
$163,591
Net Income
$120,489
Net Assets
$2,770,301
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $298
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $283,782
99.9%
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 $8,385,131
Total Liabilities $5,614,830
Net Assets $2,770,301
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Brady (President) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Treasurer) $0 $0 $0
Dan Brewer (Secretary) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Ron Smith (Board Member) $0 $0 $0
Ken Robertson (Board Member) $0 $0 $0
Erskine Smith (Board Member) $0 $0 $0
John Dodson (Board Member) $0 $0 $0
Robert Carney (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Viki M West (Board Member) $0 $0 $0
Kevin Donaldson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,545
Expenses
$160,538
Net Income
-$106,993
Net Assets
$2,649,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,878
98.8%
Program Services $0
Investment Income $667
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
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 $8,920,755
Total Liabilities $6,270,943
Net Assets $2,649,812
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Woodrow T Washam Jr (President) $0 $0 $0
Mark Brady (Treasurer) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Secretary) $0 $0 $0
Kevin Donaldson (Board Member) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Dan Brewer (Board Member) $0 $0 $0
Ron Smith (Board Member) $0 $0 $0
Erskine Smith (Board Member) $0 $0 $0
Bob Palmes (Board Member) $0 $0 $0
Ken Robertson (Board Member) $0 $0 $0
Jeff Shoe (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,149
Expenses
$96,357
Net Income
-$86,208
Net Assets
$2,756,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,349
13.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,800
86.7%
Net Fundraising $0
Sales of Assets $0
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 $8,722,418
Total Liabilities $5,965,613
Net Assets $2,756,805
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Woodrow T Washam Jr (President) $0 $0 $0
Mark Brady (Treasurer) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mc Glothlin (Secretary) $0 $0 $0
Kevin Donaldson (Board Member) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Dan Brewer (Board Member) $0 $0 $0
Ron Smith (Board Member) $0 $0 $0
Erskine Smith (Board Member) $0 $0 $0
Bob Palmes (Board Member) $0 $0 $0
Ken Robertson (Board Member) $0 $0 $0
Howard Kosofsky (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,808
Expenses
$118,914
Net Income
-$108,106
Net Assets
$2,843,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,008
18.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,800
81.4%
Net Fundraising $0
Sales of Assets $0
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 $8,343,322
Total Liabilities $5,500,309
Net Assets $2,843,013
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Donaldson (Board Member) $0 $0 $0
Miles Atkins (Board Member) $0 $0 $0
Dan Brewer (Board Member) $0 $0 $0
Ron Smith (Board Member) $0 $0 $0
Erskine Smith (Board Member) $0 $0 $0
Bob Palmes (Board Member) $0 $0 $0
Ken Robertson (Board Member) $0 $0 $0
Kelly Daspit (Board Member) $0 $0 $0
Tim Brewer (Board Member) $0 $0 $0
Woodrow T Washam Jr (President) $0 $0 $0
Mark Brady (Treasurer) $0 $0 $0
Abigail Jennings (Vice President) $0 $0 $0
Steve Mcglothlin (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,150
Expenses
$55,127
Net Income
-$51,977
Net Assets
$2,951,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $299
9.5%
Investment Income $2,851
90.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
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 $2,955,119
Total Liabilities $4,000
Net Assets $2,951,119

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$184,993
Expenses
$64,612
Net Income
$120,381
Net Assets
$3,003,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $180,686
97.7%
Investment Income $4,307
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
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 $3,032,098
Total Liabilities $29,000
Net Assets $3,003,098

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is 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 »

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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.
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  • 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.
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  • 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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