LOUISVILLE ASSET BUILDING COALITION INC

Louisville, KY | Jefferson County
Economic Development

Overview

LOUISVILLE ASSET BUILDING COALITION INC
45-5273568
701 W ORMSBY AVE STE 201
Louisville, KY 40203
Jefferson County
(502) 574-5687

info@labcservices.org
Mission Statement info

BUILDING A BRIGHTER FUTURE BY PROVIDING ACCESS TO TRUSTED FINANCIAL SERVICES AND RESOURCES WITH A FOCUS ON LOW-TO-MODERATE INCOME INDIVIDUALS.

CRA Category info
  • Economic Development
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2001
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S31

S - Community Improvement, Capacity Building

Urban & Community Economic Development

Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and 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.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$163.1K
Revenue
$163.1K
Assets
$49.7K
Exempt Ruling Date info
2014-08
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
KY
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
701 W ORMSBY AVE STE 201
Louisville, KY 40203
Jefferson County
FIPS Geocoded Address info
31140
MSA/CBSA info
21
State info
111
County info
0050.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
Louisville/Jefferson County, KY-IN
Combined Statistical Area info
Louisville/Jefferson County--Elizabethtown--Bardstown, KY-IN
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 53.47%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0050.00 Jefferson County
Population
Total Population 1,816 767,419
Total Households 1,066 312,679
Income
Median Family Income (Census*) $23,245 $56,586
Median Family Income (2019 FFIEC) $70,800 N/A
Tract Income Percentage 35.78% N/A
Below Poverty Level 28.5% 14.2%
Unemployment Level 12.6% 5.4%
Housing
Total Housing Units 1,253 345,261
Total Owner-Occupied Units 7.2% 61.8%
Total Renter-Occupied Units 77.9% 38.2%
Total Vacant Units 14.9% 8.4%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body
info
11
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Christopher Murphree
Program Director
(502) 574-5687
Principal Officer info
Christopher Murphree
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
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 info
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
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"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.