EIN 61-1253192

Kentucky Highlands Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
London
Year formed
1994
Most recent tax filings
2022-03-01
Description
Khcdc was formed to promote the tax-exempt mission of Kentucky Highlands investment Corporation, a section 501(c)(4) organization. Their mission is job creation and retention in a twenty-two county economically disadvantaged area of southeastern Kentucky. This mission is accomplished through non-traditional investment in companies which will provide these jobs. Khcdc provides financing to companies in its service area, where traditional financing sources are not available.
Total revenues
$1,209,567
2022
Total expenses
$1,263,778
2022
Total assets
$4,648,028
2022
Num. employees
0
2022

Program areas at Kentucky Highlands Community Development Corporation

Khcdc promotes Development of and assistance to local business enterprises which have the prospect of increasing the income of the area's residents and expanding their employment opportunities. As a supporting organization, khcdc also supports the affordable housing Development efforts of its supported organization, Kentucky Highlands investment corp including providing affordable housing solutions with programs that specialize in turn-key homes, lower-income housing programs, mutual self-help housing programs, elderly housing and several energy efficient and/or Community Development projects.

Grants made by Kentucky Highlands Community Development Corporation

GranteeGrant descriptionAmount
Kentucky Highlands Investment CorporationTransfer To Supported Organization$842,927

Who funds Kentucky Highlands Community Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Local Initiatives Support CorporationSee Part Iv$49,005

Personnel at Kentucky Highlands Community Development Corporation

NameTitleCompensation
Mark BolingerVice President , Business Lending / Vice President of Business$0
Jerry RickettPresident$0
Cindy BowlesControler / Controller$0
Brenda McDanielExecutive Vice President and Chief Financial Officer / Vice President and Chief Financial Officer / Treasurer$0
Ruby AdamsSecretary$0
...and 1 more key personnel

Financials for Kentucky Highlands Community Development Corporation

RevenuesFYE 03/2022
Total grants, contributions, etc.$1,198,429
Program services$91,324
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$17,904
Net gain from sale of non-inventory assets$-98,481
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$391
Total revenues$1,209,567

Form 990s for Kentucky Highlands Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2021-032022-03-09990View PDF
2021-032022-02-02990View PDF
2020-032021-04-12990View PDF
2019-032020-09-03990View PDF
2018-032019-05-14990View PDF
...and 8 more Form 990s
Data update history
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $49,005 from Local Initiatives Support Corporation
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 24, 2021
Posted financials
Added Form 990 for fiscal year 2020
June 20, 2021
Received grants
Identified 2 new grant, including a grant for $51,810 from Local Initiatives Support Corporation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
PO Box 1738
London, KY 40743
County
Laurel County, KY
Phone
(606) 864-5175
IRS details
EIN
61-1253192
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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