REDBUD FINANCIAL ALTERNATIVES INC

HAZARD, KY | Perry County
Affordable Housing

Overview

REDBUD FINANCIAL ALTERNATIVES INC
47-2214397
2871 N MAIN ST
HAZARD, KY 41701
Perry County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • FFIEC Distressed Area
  • FFIEC Underserved Area
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
P51

P - Human Services

Financial Counseling

Organizations that provide advice and guidance for people who need assistance in obtaining credit, obtaining or correcting information in their credit records, reducing their debt burden or managing their financial resources more effectively.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624190
Other Individual and Family Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
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
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2018
$125,000
CDFI Financial Assistance
2016
$125,000
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$188.1K
Revenue
$188.1K
Assets
$759.2K
Exempt Ruling Date info
2016-03
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
2871 N MAIN ST
HAZARD, KY 41701
Perry County
Area Type info
Not in a Metropolitan or Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
21
State info
193
County info
9704.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Not located in a CBSA.
Combined Statistical Area info
Not located in a CSA.
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 6.85%
FFIEC Designated Distressed Census Tract info
  • Poverty
FFIEC Underserved Census Tract info
  • Remote Rural

Market Data

Census Tract County
9704.00 Perry County
Population
Total Population 4,425 26,266
Total Households 1,614 11,334
Income
Median Family Income (Census*) $48,558 $39,594
Median Family Income (2022 FFIEC est.) $61,700 N/A
Tract Income Percentage 89.38% N/A
Below Poverty Level 25.1% 20.2%
Unemployment Level 10.4% 9.3%
Housing
Total Housing Units 1,776 13,025
Total Owner-Occupied Units 69.9% 77.5%
Total Renter-Occupied Units 20.9% 22.5%
Total Vacant Units 9.1% 14%
* Census tract income based on 2020 Census estimated data; County income based on 2020 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
Kristin Collins
President
(606) 436-0497
Principal Officer info
Not reported by nonprofit.
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.