Tarheel Regional Community Development

Grantmaker Henderson, NC EIN: 80-0030850

TARHEEL REGIONAL COMMUNITY DEVELOPMENT is a small public charity based in Henderson, North Carolina. Its stated work includes maintaining and providing low-income housing, providing direct financial support to low-income individuals and nonprofit organizations, and supporting community outreach and service programs.

Key facts about Tarheel Regional Community Development

EIN
80-0030850
Latest 990 filing
Form 990 filing, 2024
Total assets
$355,706

Data from IRS Form 990 filing, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$356K

-12.1% YoY

Revenue

$-1,332

-105.9% YoY

Expenses

$45K

-47.0% YoY

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The organization states that its mission is community development through the maintenance and provision of low-income housing, direct financial support to low-income individuals, and direct financial support to nonprofit organizations.

Its filing describes support for housing, bakeries intended to feed people experiencing hunger abroad, alcohol and drug rehabilitation, local ministries serving inner-city populations, and direct community outreach. It also lists financial support to individuals and organizations, including Corey Cannady ($40), the City of Henderson for the Perez family ($508.38), A New Beginning ($250), ACTS ($250), 714 Ministries ($1,200), Grace Ministries ($244.81), and Sonshine Care Group Home ($500).

Grantmaking

The 2024 filing reports zero grants. It separately lists the financial support described above, but does not provide a total or typical grant size. Earlier filings also report zero grants in 2023 and 2022.

Grant Range

. Earlier filings also report zero grants in 2023 and 2022.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Cities

HendersonOxfordAndoverBellevueMansonN Las VegasSeelyvilleTupelo

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K3 grants2020 13 grants2021 0 grants2022 0 grants2023 0 grants2024

From 2020 to 2021, annual grant giving ranged from $6K (2020) to $12K (2021). In 2021 it made 13 grants totaling $12K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

16 grants across all recorded years

16<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 16 grants of 16 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant count
2024 $355,706 -$1,332 $45,025 0
2023 $404,521 $22,625 $85,026 0
2022 $522,397 $18,873 $89,777 0
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$355,706$404,521$522,397
Revenue$-1,332$22,625$18,873
Expenses$45,025$85,026$89,777
Net Investment Income—$-1,350$-41,311

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Gary Morgan as President; Chris Morgan and Sarah Tucker as Directors; Betty Morgan as Financial Secretary; and Dennis Tharrington, whose title is spelled “Direrctor” in the filing.

Tarheel Regional Community Development is led by Gary W. Morgan, President on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Gary W. Morgan

    President

    On filings since 2020

    20 hrs/week

    $7K (2020) → $12K (2024)

  • Chris Morgan

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Sarah Tucker

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Betty H. Morgan

    Financial Secretary

    Secretary → Financial Secretary, 2024

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Dennis Tharrington

    Direrctor

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

Former officers (2)
  • Former: Christopher A. Morgan (2022) — Director
  • Former: Walter D. Tharrington (2022) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Gary Morgan — President: $12KGary MorganPresident$12K

The highest reported compensation on the 2024 filing was $12K, to Gary Morgan (President).

Contact

Mailing address: PO Box 2301, Henderson, NC 27536
Phone: (252) 915-1650

Frequently asked questions about Tarheel Regional Community Development

How large is Tarheel Regional Community Development?

Tarheel Regional Community Development reported $356K in total assets on its 2024 IRS Form 990 filing.

What does Tarheel Regional Community Development fund?

The organization states that its mission is community development through the maintenance and provision of low-income housing, direct financial support to low-income individuals, and direct financial support to nonprofit organizations. See mission & focus areas ↑

How do I apply for a grant from Tarheel Regional Community Development?

Tarheel Regional Community Development has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.

What is Tarheel Regional Community Development's EIN?

Tarheel Regional Community Development's EIN (Employer Identification Number) is 80-0030850. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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