Tarheel Regional Community Development Corporation

Henderson, NC
Tax-exempt since May 2004
EIN: 80-0030850

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Type of Nonprofit

Designated as a 501(c)(3) 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: Housing, Shelter / Housing Support Services -- Other (NTEE)

Donations to this organization are tax deductible.

Revenue

−$1.33k (2024)

Expenses

$45k (2024)

Total Assets

$356k (2024)

Total Liabilities

$23.1k (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

-$1,332

Expenses

$45,025

Net Income

-$46,357

Net Assets

$332,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,625
Investment Income	$14,985
Net Fundraising	$0
Sales of Assets	-$30,942
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$355,706
Total Liabilities	$23,088
Net Assets	$332,618

Compensation

Key Employees and Officers	Compensation	Other
Gary Morgan (President)	$12,000	$0
Chris Morgan (Director)	$0	$0
Dennis Tharrington (Direrctor)	$0	$0
Betty Morgan (Financial Secretary)	$0	$0
Sarah Tucker (Director)	$0	$0

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990-EZ

Filed on Oct. 22, 2025

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$22,625

Expenses

$85,026

Net Income

-$62,401

Net Assets

$378,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,640	7.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$23,808	> 100%
Net Fundraising	$0
Sales of Assets	-$2,990
Net Inventory Sales	$0
Other Revenue	$167	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,000	14.1%

Assets/Debt
Total Assets	$404,521
Total Liabilities	$25,546
Net Assets	$378,975

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gary W Morgan (President)	$12,000	$12,000	$0

990

Filed on Nov. 16, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$18,873

Expenses

$89,777

Net Income

-$70,904

Net Assets

$441,376

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$428	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$52,400	> 100%
Net Fundraising	$0
Sales of Assets	-$41,739
Net Inventory Sales	$0
Other Revenue	$7,784	41.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,034	7.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$522,397
Total Liabilities	$81,021
Net Assets	$441,376

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gary W Morgan (President)	$7,034	$0	$0
Betty H Morgan (Secretary)	$0	$0	$0
Christopher A Morgan (Director)	$0	$0	$0
Walter D Tharrington (Director)	$0	$0	$0

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990

Filed on Dec. 24, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$169,217

Expenses

$84,961

Net Income

$84,256

Net Assets

$585,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$101,250	59.8%
Interest Revenue	$21	0.0%
Dividends	$0
Sales of Assets	$10,301	6.1%
Other Income	$6,153	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,465	77.1%
Compensation of Officers*	$7,034	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$594,749
Total Liabilities	$9,490
Net Assets	$585,259

Compensation

Key Employees and Officers	Compensation	Other
Gary W Morgan (President)	$7,034	$0
Betty H Morgan (Secretary)	$0	$0
Chris Morgan (Director)	$0	$0

990-PF

Filed on Nov. 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$119,226

Expenses

$64,242

Net Income

$54,984

Net Assets

$500,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$90,000	75.5%
Interest Revenue	$26	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$158	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,547	74.0%
Compensation of Officers*	$7,034	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$531,747
Total Liabilities	$31,045
Net Assets	$500,702

Compensation

Key Employees and Officers	Compensation	Other
Gary Morgan (President)	$7,034	$103
Betty Morgan (Secretary)	$0	$181
Chris Morgan (Director)	$0	$0

990-PF

Filed on Nov. 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$28,056

Expenses

$59,235

Net Income

-$31,179

Net Assets

$445,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,348	69.8%
Compensation of Officers*	$7,084	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$536,591
Total Liabilities	$90,873
Net Assets	$445,718

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$110,461

Expenses

$58,137

Net Income

$52,324

Net Assets

$476,897

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$63,000	57.0%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$6,136	5.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,041	68.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$563,374
Total Liabilities	$86,477
Net Assets	$476,897

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$25,175

Expenses

$54,046

Net Income

-$28,871

Net Assets

$427,085

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500	6.0%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,621	10.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$486,169
Total Liabilities	$59,084
Net Assets	$427,085

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$364,754

Expenses

$40,519

Net Income

$324,235

Net Assets

$408,174

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$329,000	90.2%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$32,454	8.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,754	90.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$488,303
Total Liabilities	$80,129
Net Assets	$408,174

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$63,103

Expenses

$33,641

Net Income

$29,462

Net Assets

$90,643

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$33,000	52.3%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$30,103	47.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,641	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$134,454
Total Liabilities	$43,811
Net Assets	$90,643

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$14,369

Expenses

$14,680

Net Income

-$311

Net Assets

$61,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$14,369	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$266	1.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,164
Total Liabilities	$13,983
Net Assets	$61,181

PDF

Fiscal Year Ending Dec.
2006

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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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.

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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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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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Updated March 23, 2026

Tarheel Regional Community Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$1.33k (2024)

Expenses $45k (2024)

Total Assets $356k (2024)

Total Liabilities $23.1k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

−$1.33k (2024)

Expenses

$45k (2024)

Total Assets

$356k (2024)

Total Liabilities

$23.1k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006