North Carolina · Nonprofit
Olive Hill Community Economic Development Corporation
Olive Hill Community Economic Development Corporation (North Carolina) receives grants from 7 organizations whose IRS filings report $524,143 to it, the largest being NORTH CAROLINA HOUSING COALITION INC ($326,643). 2 of them have funded it in more than one year.
- Revenue FY2025
- $73k
- Funders on record
- 7
- Grants received
- $524k
- Net assets
- $16k
What Olive Hill Community Economic Development Corporation does
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.
As stated on its FY2025 Form 990-EZ.
Programs
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. All participants were required to complete financial literacy training as part of the program. We also provided one-on-one counseling to an average of 4 clients per month totaling 48 personalized sessions for the year. These services helped 15 participants successfully transition to homeownership. Despite being led by just two staff members our team extended its reach through recurring Homeownership Month events with Habitat for Humanity of Catawba County and outreach efforts with the Health Department Employment Security Commission Community Health Needs Assessment and the Burke County Housing Development Workgroup. With additional funding Olive Hill CEDC could expand these outcomes and serve significantly more families across the region.
$47,452 spent50% of program spendingForeclosure Prevention and Housing Stability: Olive Hill CEDC provided foreclosure prevention and housing stability counseling to homeowners experiencing mortgage delinquency financial hardship job loss reduced income medical challenges and other circumstances threatening their ability to remain housed. Services included individualized financial assessments household budgeting review of mortgage and delinquency information assistance communicating with mortgage servicers loss-mitigation preparation and development of written action plans. Clients received guidance on repayment plans loan modifications forbearance options available assistance programs and other alternatives to foreclosure when appropriate. OHCEDC also coordinated referrals to legal financial and community resources when additional assistance was needed. These services helped homeowners better understand their options respond to servicer requirements address delinquency and work toward preserving stabl
$37,961 spent40% of program spendingOlive 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. Services included one-on-one business plan development financial readiness assessments and assistance navigating startup and expansion challenges. As part of our effort to connect underserved entrepreneurs to culturally responsive lending we referred 6 clients to Mountain BizWorks Multicultural Catalyst Fund for non-traditional financing. Additionally 1 client was referred to The Industrial Commons loan program for targeted financial assistance. These referrals helped clients secure capital formalize operations and move closer to sustainable income generation. Through this work Olive Hill CEDC continues to close racial wealth gaps and expand inclusive economic opportunity for emerging business owners in western North Carolina.
$9,490 spent10% of program spendingForm 990-EZ Part III - Homeownership & Financial Literacy Olive Hill CEDC conducted 10 homeownership education classes in 2024 each averaging 8-12 participants. All participants were required to complete financial literacy training. Additionally 48 one-on-one housing counseling sessions were provided throughout the year. These efforts resulted in 15 first-time home purchases. Despite a two-person staff Olive Hill expanded reach through Homeownership Month events with Habitat for Humanity and partnerships with agencies like the Health Department Employment Security Commission and county housing workgroups.
$0 spent0% of program spendingForm 990-EZ Part III - Disaster Recovery In response to Tropical Storm Helene Olive Hill CEDC provided post-disaster support to over 100 residents in western North Carolina. Services included housing counseling emergency financial literacy rental support and referrals to housing repair and legal aid resources. These efforts helped stabilize vulnerable households and extended Olive Hills capacity to respond equitably and effectively to regional recovery needs.
$0 spent0% of program spendingForm 990-EZ Part III - Small Business Development Olive Hill CEDC provided small business counseling planning support and capital access navigation to 18 clients. Six were referred to Mountain BizWorks Multicultural Catalyst Fund for nontraditional financing and one was referred to The Industrial Commons loan program. These services helped underserved entrepreneurs build capacity and move toward sustainable income generation.
$0 spent0% of program spendingForm 990-EZ Part V Line 34 - Changes to Organizing Documents No significant changes were made to the organizations organizing documents in 2024.
$0 spent0% of program spending
The 7 programs described on its FY2025 Form 990-EZ. Program spending in total: $94,903.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $159k to $53k (−67%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 60% · 2021 100% · 2022 57%. Grants only. Government contracts and fees sit inside program revenue.
32% of Olive Hill Community Economic Development Corporation’s revenue is contributions — about as donation-reliant as the typical peer (52% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Beverly Carlton
Executive Director
Board chair
Winston Hill Jr
Board President
As listed on its FY2025 Form 990-EZ.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $24k → $10k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Olive Hill Community Economic Development Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Olive Hill Community Economic Development Corporation leans on a few funders — its largest provides 62% of grant income and the top three 82%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
75% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Olive Hill Community Economic Development Corporation.
Largest funder’s share by year: 2017 90% · 2018 89% · 2019 90% · 2020 55% · 2021 63% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of Olive Hill Community Economic Development Corporation's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Olive Hill Community Economic Development Corporation has grown faster than three-quarters of the 2,469 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 2,469 housing & shelter nonprofits under $100k, FY2025
Organizations like Olive Hill Community Economic Development Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Olive Hill Community Economic Development Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Olive Hill Community Economic Development Corporation?
- Olive Hill Community Economic Development Corporation (North Carolina) receives grants from 7 organizations whose IRS filings report $524,143 to it, the largest being NORTH CAROLINA HOUSING COALITION INC ($326,643). 2 of them have funded it in more than one year.
- How many funders does Olive Hill Community Economic Development Corporation have?
- IRS filings report 7 organizations giving $524,143 in grants to Olive Hill Community Economic Development Corporation, 2 of which have funded it in more than one year.
- Who is the largest funder of Olive Hill Community Economic Development Corporation?
- NORTH CAROLINA HOUSING COALITION INC is the largest funder on record, with $326,643 in grants. The full list of funders is on this page.
- How can an organization like Olive Hill Community Economic Development Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Olive Hill Community Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing