APPALACHIAN INVESTMENT CORPORATION
BEREA, KY | Madison County
Economic Development
Overview
APPALACHIAN INVESTMENT CORPORATION
61-1254830
431 CHESTNUT STREET NO 7
BEREA, KY 40403
Madison County
BEREA, KY 40403
Madison County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- This nonprofit is not located in any CRA geographies.
Awards & Certifications
- This nonprofit has not received any CRA awards or certifications.
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
-
Not reported
IRS Activity Codes
400
Area development, redevelopment of renewal
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
-
Not reported
CRA Alignment
CRA Category
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
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then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$132.7K
Revenue
$132.7K
Assets
$2.8M
IRS Business Master File Details
As of March 2024
Exempt Ruling Date
1994-03
Deductibility Status
Not Deductible
Last Tax Filing
2023
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
All organizations except 501(c)(3)
IRS Publication 78 Details
As of March 2024
Verified in Publication 78
No
Deductibility Limitation
Not reported
Organization Description
Not reported
IRS Form 990 Returns
Through August 2023
Nonprofit Location
Physical Address
431 CHESTNUT STREET NO 7
BEREA, KY 40403
Madison County
BEREA, KY 40403
Madison County
Area Type
Micropolitan Statistical Area
FIPS Geocoded Address
NA
MSA/MD
21
State
151
County
0113.01
Tract
Middle
Income Level
Core-Based Statistical Area
40080 - Richmond-Berea, KY
Combined Statistical Area
336 - Lexington-Fayette--Richmond--Frankfort, KY
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
11.25%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
Census Tract | County | |
---|---|---|
0113.01 | Madison County | |
Population | ||
Total Population | 2,391 | 92,955 |
Total Households | 945 | 36,148 |
Income | ||
Median Family Income (Census*) | $49,000 | $59,797 |
Median Family Income (2023 FFIEC est.) | $64,900 | $64,900 |
Tract Income Percentage | 90.19% | N/A |
Below Poverty Level | 27.4% | 16.1% |
Unemployment Level | 7.6% | 5.4% |
Housing | ||
Total Housing Units | 1,078 | 39,382 |
Total Owner-Occupied Units | 54.9% | 61.3% |
Total Renter-Occupied Units | 32.7% | 38.7% |
Total Vacant Units | 12.3% | 5.9% |
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
Management
3
Total Voting Members
in Governing Body
in Governing Body
3
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Jason Coomes
(859) 986-2373
(859) 986-2373
Principal Officer
Peter Hille
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
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
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-04.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-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 help.findcra.com.
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