KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION
LONDON, KY | Laurel County
Revitalization/Stabilization
Overview
KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION
61-1253192
362 OLD WHITLEY RD
LONDON, KY 40744
Laurel County
LONDON, KY 40744
Laurel County
(606) 864-5175
Mission Statement
KHCDC PROVIDES FINANCING TO COMPANIES IN ITS SERVICE AREA, WHERE TRADITIONAL FINANCING SOURCES ARE NOT AVAILABLE.
Founded
1994
Total Employees
0
Total Volunteers
0
CRA Category
- Revitalization/Stabilization
Nonprofit location
- Distressed Area
Awards & Certifications
- This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code)
-
Not reported
IRS Activity Codes
380
Low-income housing
402
Other activity aimed at combating community deterioration
403
Attracting new industry or retaining industry in an area
Standard Business Classification (NAICS Code)
-
Not reported
CRA Alignment
CRA Category
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
CRA Certification
Has not applied.
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
$1M
Revenue
$1M
Assets
$3.7M
Exempt Ruling Date
1994-05
Deductibility Status
Deductible
Tax Filing Year
2017
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
Central Organization
States Where Tax Return is Filed
KY
Basis for Foundation/Public Charity Status
Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above 509(a)(3)
IRS Reported Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Nonprofit Location
Physical Address
362 OLD WHITLEY RD
LONDON, KY 40744
Laurel County
LONDON, KY 40744
Laurel County
FIPS Geocoded Address
30940
MSA/CBSA
21
State
125
County
9707.00
Tract
Middle
Income Level
Core-Based Statistical Area
London, KY
Combined Statistical Area
Not located in a CSA.
Metropolitan Division
Not located in an MD.
Area Type
Micropolitan Statistical Area
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
7.39%
Designated Distressed Census Tract
Underserved Census Tract
Market Data
Census Tract | County | |
---|---|---|
9707.00 | Laurel County | |
Population | ||
Total Population | 5,924 | 60,357 |
Total Households | 2,273 | 22,573 |
Income | ||
Median Family Income (Census*) | $44,760 | $41,526 |
Median Family Income (2019 FFIEC) | $49,800 | N/A |
Tract Income Percentage | 97.33% | N/A |
Below Poverty Level | 23.4% | 23.2% |
Unemployment Level | 16.3% | 6.5% |
Housing | ||
Total Housing Units | 2,397 | 25,867 |
Total Owner-Occupied Units | 63.5% | 69.9% |
Total Renter-Occupied Units | 31.3% | 30.1% |
Total Vacant Units | 5.2% | 8.2% |
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
Management
15
Total Voting Members
in Governing Body
in Governing Body
15
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Brenda McDaniel
Treasurer
(606) 864-5175
Treasurer
(606) 864-5175
Principal Officer
Jerry Rickett
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower 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
"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax 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 www.learncra.com.
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