CABARRUS ECONOMIC DEVELOPMENT INC

KANNAPOLIS, NC | Cabarrus County
Economic Development

Overview

CABARRUS ECONOMIC DEVELOPMENT INC
56-1513284
3003 DALE EARNHARDT BLVD
KANNAPOLIS, NC 28083
Cabarrus County
(704) 782-4000

Mission Statement info

COMMUNITY ECONOMIC DEVELOPMENT

Founded info
1985
Total Employees info
0
Total Volunteers info
0
CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
403
Attracting new industry or retaining industry in an area
400
Area development, redevelopment of renewal
402
Other activity aimed at combating community deterioration
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$694.8K
Revenue
$693.9K
Assets
$510K
Exempt Ruling Date info
1988-07
Deductibility Status info
Not Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
3003 DALE EARNHARDT BLVD
KANNAPOLIS, NC 28083
Cabarrus County
FIPS Geocoded Address info
16740
MSA/CBSA info
37
State info
025
County info
0410.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Charlotte-Concord-Gastonia, NC-SC
Combined Statistical Area info
Charlotte-Concord, NC-SC
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 39.18%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0410.00 Cabarrus County
Population
Total Population 6,355 206,615
Total Households 2,239 72,238
Income
Median Family Income (Census*) $41,182 $67,328
Median Family Income (2019 FFIEC) $71,300 N/A
Tract Income Percentage 63.36% N/A
Below Poverty Level 29.7% 10.2%
Unemployment Level 10.4% 5%
Housing
Total Housing Units 2,720 79,437
Total Owner-Occupied Units 40.8% 71.5%
Total Renter-Occupied Units 41.5% 28.5%
Total Vacant Units 17.7% 9.2%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

15
Total Voting Members
in Governing Body
info
15
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Tammy Whaley
Treasurer
(704) 782-4000
Principal Officer info
Tammy Whaley
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.