MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC | MACED

BEREA, KY | Madison County
Community Services
MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC | MACED
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC | MACED
31-0900246
433 CHESTNUT ST
BEREA, KY 40403
Madison County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
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 info
400
Area development, redevelopment of renewal
402
Other activity aimed at combating community deterioration
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
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.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2016
$500,000
CDFI Financial Assistance
2014
$1,500,000
CDFI Financial Assistance
2012
$1,453,806
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$8.6M
Revenue
$8.6M
Assets
$33.2M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1977-03
Deductibility Status info
Deductible
Last Tax Filing info
2022
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
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)

IRS Publication 78 Details info

As of January 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
433 CHESTNUT ST
BEREA, KY 40403
Madison County
Area Type info
Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
21
State info
151
County info
0113.01
Tract info
Middle
Income Level info
Core-Based Statistical Area info
40080 - Richmond-Berea, KY
Combined Statistical Area info
336 - Lexington-Fayette--Richmond--Frankfort, KY
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 11.25%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0113.01 Madison County
Population
Total Population 2,391 92,194
Total Households 945 35,411
Income
Median Family Income (Census*) $49,000 $55,002
Median Family Income (2022 FFIEC est.) $61,700 N/A
Tract Income Percentage 90.19% N/A
Below Poverty Level 27.4% 16.0%
Unemployment Level 7.6% 6.1%
Housing
Total Housing Units 1,078 38,882
Total Owner-Occupied Units 54.9% 60.7%
Total Renter-Occupied Units 32.7% 39.3%
Total Vacant Units 12.3% 6.2%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

8
Total Voting Members
in Governing Body info
7
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Peter Hille
President
(859) 986-2373
Principal Officer info
Peter Hille
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.