Triad Economic Development Corporation in High Point, North Carolina (NC)

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Triad Economic Development Corporation
Employer Identification Number (EIN)562249787
Name of OrganizationTriad Economic Development Corporation
In Care of NameSylvia Collins
AddressPO BOX 1273, High Point, NC 27261-1273
SubsectionCharitable Organization, Educational Organization
Ruling Date10/2001
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$11,458
Amount of Income$44,634
Form 990 Revenue Amount$44,634
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Rehabilitation


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Amount of income in 2013: $44,634 (it was $44,300 in 2012)
This organization: 

 $44,634
Other organizations performing similar types of work: 

 $130,343

Assets in 2013: $11,458 (it was $11,463 in 2012)
Triad Economic Development Corporation: 

 $11,458
Other organizations performing similar types of work: 

 $240,247

Expenses in 2013: $46,084
Triad Economic Development Corporation: 

 $46,084
Other organizations performing similar types of work: 

 $119,783

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 40.9%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$55,291$44,300$44,634
Contributions, gifts, grants, and similar amounts received$55,291$43,300$44,634
Program service revenue including government fees and contracts$0$1,000$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$54,675$49,430$46,084
Total net assets$15,660$10,530$9,080
Excess/Deficit for the year$616$-5,130$-1,450
Net assets or fund balances at beginning of year$15,044$15,660$10,530
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$10,530$9,080
Balance Sheets
201120122013
Total assets$16,373$11,463$11,458
Total liabilities$713$933$2,378
Net assets or fund balances$15,660$10,530$9,080
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$256,280
Subtotal Support$256,280
Gifts, grants, contributions, and membership fees received$256,280
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$257,280
Public Support$256,280
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$1,000
Gross receipts from related activities, etc.$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Affordable Housing Solutions Of San Bernardino Inc201 N E St Ste 301, Sn Bernrdno, CA 92401-1520CA2013-06$17,978,342
2Hnhf Realty Collaborative700 Childrens Dr, Columbus, OH 43205-2664OH2006-08$3,916,683
3Twin Cities Community Land Bank Llc615 1st Ave Ne Ste 100, Minneapolis, MN 55413-2455MN2012-12$3,259,593
4Crossroads Corp For Affordable Housing And Community Dev Inc3623 Latrobe Dr Ste 208, Charlotte, NC 28211-4885NC2009-05$2,052,686
5Fayetteville Area Operationinasmuch531 Hillsboro St, Fayetteville, NC 28301-4634NC2007-03$454,006
6Rebuild Durham Inc115 Market St Ste 204b, Durham, NC 27701-3241NC1999-08$213,124
7Step By Step Ministries IncPO BOX 1337, Clyde, NC 28721NC2009-03$151,216
8Center For Technology & Institutional Advancement IncP O Box, Raleigh, NC 27611NC2013-09$93,738
9Pines Community Center IncPO BOX 4652, Chapel Hill, NC 27515-4652NC1997-02$62,849
10Hands Of Christ Inc474 N Washington St, Rutherfordton, NC 28139-2455NC2004-11$47,280
11Kari's Home For Women3556 Phillips Branch Road, Vilas, NC 28692NC2013-03$46,125
12Triad Economic Development CorporationPO BOX 1273, High Point, NC 27261-1273NC2001-10$44,634
13Troy Neighborhood Redevelopment Corporation, James Justice315 N Main St, Troy, NC 27371-3017NC2003-04$38,921
14Professional Housing Rehabilitation Association Of North Carolina1026 Jacobs Trail, Hillsborough, NC 27278NC2000-05$16,325
15Pridgens Place House Of God3 Emma Jane Rd, Saint Pauls, NC 28384-6734NC2014-08$12,052
16Blue Ridge Community Care ServicesPo Box 2629, Marion, NC 28752NC2013-11$0
17Homes For The Hopeless956 Tarboro St, Rocky Mount, NC 27801-5962NC2000-09$0
18Joco Project202 South Fourth Street, Smithfield, NC 27577NC2012-08$0
19Multi-Therapeutic Services Inc8380 Cheval St, Clemmons, NC 27012-9122NC2015-01$0
20Urban Renewal Education And Funding Group Inc2400-100crown Point Executive Drive, Charlotte, NC 28227NC2004-12$0
Number of organizations performing similar types of work
Alaska3
Alabama18
Arkansas9
Arizona5
California71
Colorado10
Connecticut9
District of Columbia4
Delaware1
Florida44
Georgia28
Hawaii1
Iowa7
Idaho1
Illinois26
Indiana17
Kansas6
Kentucky9
Louisiana36
Massachusetts16
Maryland21
Maine5
Michigan43
Minnesota9
Missouri21
Mississippi5
Montana4
North Carolina17
North Dakota1
Nebraska4
New Hampshire3
New Jersey14
New Mexico3
Nevada6
New York57
Ohio23
Oklahoma3
Oregon3
Pennsylvania30
Rhode Island4
South Carolina29
South Dakota1
Tennessee19
Texas43
Utah2
Virginia14
Vermont1
Washington8
Wisconsin8
Wyoming1
Total723

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