MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC | MACED
BEREA, KY | Madison County
Economic Development
Overview
MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC | MACED
31-0900246
433 CHESTNUT ST
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
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
S32
S - Community Improvement, Capacity Building
Rural Economic Development
Organizations that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in rural areas.
IRS Activity Codes
400
Area development, redevelopment of renewal
402
Other activity aimed at combating community deterioration
-
Not reported
Standard Business Classification (NAICS Code)
813410
Civic and Social Organizations
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
Date Certified
9/17/2013
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2016 | $500,000 | CDFI Financial Assistance | Mountain Association for Community Economic Development, Inc. |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Mountain Association for Community Economic Development, Inc. |
Includes CDFI Fund awards granted between January 2015 and December 2024
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$8.1M
Revenue
$8.1M
Assets
$38M
IRS Business Master File Details
As of July 2025
Exempt Ruling Date
1977-03
Deductibility Status
Deductible
Last Tax Filing
2024
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
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of March 2025
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through December 2024
Nonprofit Location
Main Address
433 CHESTNUT ST
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 Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
- KY - Adair County
- KY - Bath County
- KY - Bell County
- KY - Boyd County
- KY - Breathitt County
- KY - Carter County
- KY - Casey County
- KY - Clark County
- KY - Clay County
- KY - Clinton County
- KY - Cumberland County
- KY - Edmonson County
- KY - Elliott County
- KY - Estill County
- KY - Fleming County
- KY - Floyd County
- KY - Garrard County
- KY - Green County
- KY - Greenup County
- KY - Harlan County
- KY - Hart County
- KY - Jackson County
- KY - Johnson County
- KY - Knott County
- KY - Laurel County
- KY - Lawrence County
- KY - Lee County
- KY - Leslie County
- KY - Letcher County
- KY - Lewis County
- KY - Lincoln County
- KY - McCreary County
- KY - Madison County
- KY - Magoffin County
- KY - Martin County
- KY - Menifee County
- KY - Metcalfe County
- KY - Monroe County
- KY - Montgomery County
- KY - Morgan County
- KY - Nicholas County
- KY - Owsley County
- KY - Perry County
- KY - Pike County
- KY - Powell County
- KY - Pulaski County
- KY - Robertson County
- KY - Rockcastle County
- KY - Rowan County
- KY - Russell County
- KY - Wayne County
- KY - Whitley County
- KY - Wolfe County
Market Data
| Census Tract | County | |
|---|---|---|
| 0113.01 | Madison County | |
| Population | ||
| Total Population | 2,391 | 94,064 |
| Total Households | 945 | 36,722 |
| Income | ||
| Median Income* | $49,000 | $62,407 |
| Median Family Income (2024 FFIEC est.) | $66,100 | $70,900 |
| Tract Income Percentage | 91.11% | N/A |
| Below Poverty Level | 27.4% | 15.8% |
| Unemployment Level | 7.6% | 5.3% |
| Housing | ||
| Total Housing Units | 1,078 | 39,920 |
| Total Owner-Occupied Units | 54.9% | 62.4% |
| Total Renter-Occupied Units | 32.7% | 37.6% |
| Total Vacant Units | 12.3% | 6.1% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
Management
7
Total Voting Members
in Governing Body
in Governing Body
6
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Robin Gabbard
President
(859) 671-0220
President
(859) 671-0220
Principal Officer
Robin Gabbard
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 Grant 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 2024-04.
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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