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EIN 61-1253192

Kentucky Highlands Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
London
State
Kentucky
Year formed
1994
Most recent tax filings
2023-03-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Khcdc was formed to promote the tax-exempt mission of Kentucky Highlands investment Corporation, a section 501(c)(4) organization. Their mission is job creation and retention in a twenty-two county economically disadvantaged area of southeastern Kentucky. This mission is accomplished through non-traditional investment in companies which will provide these jobs. Khcdc provides financing to companies in its service area, where traditional financing sources are not available.
Total revenues
$1,485,055
2023
Total expenses
$1,511,971
2023
Total assets
$4,992,896
2023
Num. employees
0
2023

Program areas at Kentucky Highlands Community Development Corporation

Khcdc promotes Development of and assistance to local business enterprises which have the prospect of increasing the income of the area's residents and expanding their employment opportunities. As a supporting organization, khcdc also supports the affordable housing Development efforts of its supported organization, Kentucky Highlands investment corp including providing affordable housing solutions with programs that specialize in turn-key homes, lower-income housing programs, mutual self-help housing programs, elderly housing and several energy efficient and/or Community Development projects.

Grants made by Kentucky Highlands Community Development Corporation

GranteeGrant descriptionAmount
Kentucky Highlands Investment CorporationTransfer To Supported Organization$863,879

Who funds Kentucky Highlands Community Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Local Initiatives Support CorporationSee Part Iv$100,000

Personnel at Kentucky Highlands Community Development Corporation

NameTitleCompensation
Brenda McDanielExecutive Vice President$0
Mark BolingerVice President , Business Lending / Vice President of Business$0
Jerry RickettPresident$0
Ruby AdamsSecretary$0
L Ray MoncriefVice President and Chief Operating Officer$0

Financials for Kentucky Highlands Community Development Corporation

RevenuesFYE 03/2023
Total grants, contributions, etc.$1,384,777
Program services$100,278
Investment income and dividends$0
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$0
Total revenues$1,485,055

Form 990s for Kentucky Highlands Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-032024-02-13990View PDF
2022-032023-02-13990View PDF
2021-032022-03-09990View PDF
2021-032022-02-02990View PDF
2020-032021-04-12990View PDF
...and 10 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 1 new personnel
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Local Initiatives Support Corporation
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $49,005 from Local Initiatives Support Corporation
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
PO Box 1738
London, KY 40743
County
Laurel County, KY
Phone
(606) 864-5175
IRS details
EIN
61-1253192
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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