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EIN 61-1057380

Fayette County Local Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Lexington
State
Kentucky
Year formed
1981
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
Fayette County Local Development Corporation aims to improve economic development by focusing on the development of affordable housing. They achieve their mission through purchasing, renovating, and selling properties to lower-income homebuyers in the Fayette County area.
Related structure
Fayette County Local Development Corporation is a subordinate organization under Urban League of Lexington-Fayette County.
Total revenues
$670,898
2023
Total expenses
$692,306
2023
Total assets
$7,349,398
2023
Num. employees
0
2023

Program areas at Fayette County Local Development Corporation

The furtherance of economic Development in the Fayette County area through the purchase, renovation, and sale of properties to lower-income homebuyers.

Personnel at Fayette County Local Development Corporation

NameTitleCompensation
Porter G PeeplesPresident$0
Tasha WhiteAuthorized Officer$0

Financials for Fayette County Local Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$25,000
Program services$495,551
Investment income and dividends$54,640
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$95,707
Total revenues$670,898

Form 990s for Fayette County Local Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-16990View PDF
2020-062021-05-25990View PDF
2019-062021-04-19990View PDF
...and 8 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 1, 2021
Updated personnel
Identified 12 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
148 Deweese St
Lexington, KY 40507
Metro area
Lexington-Fayette, KY
County
Fayette County, KY
Phone
(859) 233-1561
IRS details
EIN
61-1057380
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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