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RURAL ECONOMIC DEVELOPMENT CENTER INC
RURAL ECONOMIC DEVELOPMENT CENTER INC
NC · Community Development · EIN 561552375
22
Executives Disclosed
$70.0M
Annual Revenue
$309.1M
Total Assets
2.4:1
Internal Pay Ratio
RURAL ECONOMIC DEVELOPMENT CENTER INC has 22 executives with disclosed compensation. The highest-paid executive, Patrick Woodie (PRESIDENT & CEO), received peak total compensation of $435,546. The sector average for Community Development executives is $172K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Patrick Woodie | PRESIDENT & CEO | $436K | $436K | 2016–2025 | 5.8x |
| Carolyn Rhodes | COO | $340K | $340K | 2024–2025 | 4.5x |
| Jonathan Brereton | EXEC DIR, THREAD CAPITAL (TO AUG '23) | $284K | $238K | 2022–2025 | 3.8x |
| Franklin T Roberts | CFO/ASST TREASURER | $275K | $275K | 2023–2025 | 3.7x |
| Misty Herget | CHIEF PROGRAMS OFFICER | $262K | $247K | 2021–2025 | 3.5x |
| Armeer G Kenchen | EXEC DIR, CORNERSQUARE LLC | $256K | $256K | 2023–2025 | 3.4x |
| William Mitchell Stallings | CHIEF REVENUE OFFICER | $249K | $249K | 2025–2025 | 3.3x |
| Joy Stewart | DIR OF INTERNAL COMPLIANCE AND AUDIT | $191K | $191K | 2023–2025 | 2.5x |
| Daniel Michael | CONTROLLER | $181K | $181K | 2024–2025 | 2.4x |
| Jalisha Richmond | DIR OF LENDING AND CLIENT SUPPORT | $176K | $161K | 2023–2024 | 2.4x |
| Todd Brantley | VP OF PUBLIC AFFAIRS (TO SEP '22) | $174K | $174K | 2019–2023 | 2.3x |
| Julia Malinowski | SR. DIR, INTERMEDIARY LENDING (TO DEC '22) | $174K | $174K | 2022–2023 | 2.3x |
| Shannon O'Shea | SBC DIR OF OPERATIONS | $162K | $151K | 2023–2024 | 2.2x |
| Juvon Legare-Rivers | PRODUCT MANAGER | $155K | $155K | 2024–2024 | 2.1x |
| Barry Ryan | SVP, STRAT & SMALL BUS CAP (TO AUG '21) | $151K | $151K | 2018–2022 | 2x |
| Brandon Rosas | DIRECTOR OF FINANCE (TO MAR '22) | $150K | $150K | 2022–2023 | 2x |
| Andrea Breazeale | DIR OF HR | $149K | $0 | 2025–2025 | 2x |
| William Holmes | SR DIR OF COMMUNICATIONS | $145K | $0 | 2025–2025 | 1.9x |
| Armeer Kenchen | EXEC DIR, CORNERSQUARE & SMALL BUS CAP | $140K | $0 | 2022–2022 | 1.9x |
| Cheryl Cherry | MANAGING DIR, CORNERSQUARE (FROM JAN '21) | $135K | $0 | 2022–2022 | 1.8x |
| Mary K Clifford | SR. DIR FINANCE & ADMIN (TO JUL '21) | $129K | $0 | 2016–2022 | 1.7x |
| Laura Carlson | ASSISTANT SECRETARY | $97K | $0 | 2023–2024 | 1.3x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 2 | $159K | $159K | $159K |
| 2017 | 2 | $164K | $164K | $164K |
| 2018 | 3 | $165K | $165K | $165K |
| 2019 | 4 | $175K | $175K | $175K |
| 2020 | 4 | $194K | $194K | $194K |
| 2021 | 5 | $208K | $208K | $208K |
| 2022 | 10 | $179K | $207K | $358K |
| 2023 | 12 | $203K | $282K | $2.0M |
| 2024 | 12 | $205K | $286K | $2.1M |
| 2025 | 11 | $268K | $436K | $2.4M |
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