Nonprofit · EIN 61-1253192
KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · LONDON, KY 40743
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $11,452,069 | $1,284,153 | $10,167,916 | $14,115,426 | $3,426,323 | $10,689,103 |
| March 31, 2024 | 990 | $1,300,790 | $1,401,856 | -$101,066 | $4,125,816 | $3,627,985 | $497,831 |
| March 31, 2023 | 990 | $1,485,055 | $1,511,971 | -$26,916 | $4,992,896 | $3,334,145 | $1,658,751 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $11,151,747
- of which government grants
- $1,117,213
- Program service revenue
- $300,322
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $831,918
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $300
- Accounting fees
- $7,822
- Occupancy
- $5,909
- Travel
- $3,237
- Depreciation
- $14,078
- Program services (functional)
- $1,192,203
- Management and general (functional)
- $91,950
Balance sheet and other
- Total assets, start of year
- $4,125,816
- Total assets, end of year
- $14,115,426
- Total liabilities, end of year
- $3,426,323
- Net assets, end of year
- $10,689,103
- Land, buildings and equipment
- $254,477
- Gross receipts
- $11,452,069
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JERRY RICKETT | PRESIDENT Officer | 5 | $0 | $504,125 | $78,903 |
| BRENDA MCDANIEL | EXEC. VICE PRESIDENT/CFO Officer | 5 | $0 | $475,965 | $79,899 |
| MARK BOLINGER | VICE PRESIDENT, BUSINESS L Officer | 5 | $0 | $283,920 | $69,735 |
| EDGAR DAVIS | BUSINESS DEVELOPMENT SPECI Highest-paid employee | 1 | $0 | $176,699 | $53,092 |
| RUBY ADAMS | SECRETARY Officer | 5 | $0 | $66,348 | $35,773 |
| RAY MONCRIEF | FORMER OFFICER Former | 1 | $0 | $90,000 | $0 |
| WILLIAM SINGLETON | DIRECTOR Trustee or director | 1 | $0 | $13,200 | $0 |
| BILL BERTRAM | DIRECTOR Trustee or director | 1 | $0 | $4,950 | $0 |
| GREENE L KEITH | DIRECTOR Trustee or director | 1 | $0 | $4,950 | $0 |
| PAULA LITTLE | DIRECTOR Trustee or director | 1 | $0 | $4,950 | $0 |
| SAMUEL BROWN | DIRECTOR Trustee or director | 1 | $0 | $4,500 | $0 |
| JANE CARTER | DIRECTOR Trustee or director | 1 | $0 | $4,500 | $0 |
| RICHARD FOLEY | DIRECTOR Trustee or director | 1 | $0 | $4,500 | $0 |
| OSCAR HOUSE | DIRECTOR Trustee or director | 1 | $0 | $4,500 | $0 |
| CLARENCE BO GREEN | DIRECTOR Trustee or director | 1 | $0 | $4,050 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| WILLIAM SMITH | DIRECTOR Trustee or director | 1 | $0 | $4,050 |
| AMY ELLIS | DIRECTOR Trustee or director | 1 | $0 | $4,050 |
| LONNIE RILEY | DIRECTOR Trustee or director | 1 | $0 | $3,600 |
| SERENA STRATTON | DIRECTOR Trustee or director | 1 | $0 | $3,600 |
| SHANE GABBARD | DIRECTOR Trustee or director | 1 | $0 | $3,150 |
| JENNIFER JONES | DIRECTOR Trustee or director | 1 | $0 | $2,250 |
990 for the year ended March 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JERRY RICKETT | PRESIDENT Officer | 5 | $0 | $482,715 | $74,804 |
| BRENDA MCDANIEL | EXEC. VICE PRESIDENT/CFO Officer | 5 | $0 | $458,267 | $76,254 |
| MARK BOLINGER | VICE PRESIDENT, BUSINESS L Officer | 5 | $0 | $269,540 | $65,771 |
| EDGAR DAVIS | BUSINESS DEVELOPMENT SPECI Highest-paid employee | 1 | $0 | $167,164 | $49,800 |
| RUBY ADAMS | SECRETARY Officer | 5 | $0 | $63,299 | $37,228 |
| WILLIAM SINGLETON | DIRECTOR Trustee or director | 1 | $0 | $12,700 | $0 |
| RICHARD FOLEY | DIRECTOR Trustee or director | 1 | $0 | $4,450 | $0 |
| GREENE L KEITH | DIRECTOR Trustee or director | 1 | $0 | $4,450 | $0 |
| SERENA STRATTON | DIRECTOR Trustee or director | 1 | $0 | $4,450 | $0 |
| BILL BERTRAM | DIRECTOR Trustee or director | 1 | $0 | $4,000 | $0 |
| SAMUEL BROWN | DIRECTOR Trustee or director | 1 | $0 | $4,000 | $0 |
| JANE CARTER | DIRECTOR Trustee or director | 1 | $0 | $4,000 | $0 |
| CLARENCE BO GREEN | DIRECTOR Trustee or director | 1 | $0 | $3,750 | $0 |
| WILLIAM SMITH | DIRECTOR Trustee or director | 1 | $0 | $3,650 | $0 |
| LONNIE RILEY | DIRECTOR Trustee or director | 1 | $0 | $3,550 | $0 |
| AMY ELLIS | DIRECTOR Trustee or director | 1 | $0 | $3,400 | $0 |
| OSCAR HOUSE | DIRECTOR Trustee or director | 1 | $0 | $2,950 | $0 |
| PAULA LITTLE | DIRECTOR Trustee or director | 1 | $0 | $2,600 | $0 |
| JENNIFER JONES | DIRECTOR Trustee or director | 1 | $0 | $1,950 | $0 |
990 for the year ended March 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JERRY RICKETT | PRESIDENT Officer | 5 | $0 | $473,773 | $68,993 |
| BRENDA MCDANIEL | EXEC. VICE PRESIDENT/CFO Officer | 5 | $0 | $433,269 | $70,413 |
| MARK BOLINGER | VICE PRESIDENT, BUSINESS L Officer | 5 | $0 | $250,523 | $61,207 |
| MICHAEL HAYES | SPECIAL PROJECTS COORDINAT Highest-paid employee | 5 | $0 | $192,852 | $52,937 |
| EDGAR DAVIS | BUSINESS DEVELOPMENT SPECI Highest-paid employee | 1 | $0 | $159,580 | $47,242 |
| RUBY ADAMS | SECRETARY Officer | 5 | $0 | $61,014 | $34,446 |
| WILLIAM SINGLETON | DIRECTOR Trustee or director | 1 | $0 | $12,000 | $0 |
| BILL BERTRAM | DIRECTOR Trustee or director | 1 | $0 | $3,850 | $0 |
| JANE CARTER | DIRECTOR Trustee or director | 1 | $0 | $3,850 | $0 |
| GREENE L KEITH | DIRECTOR Trustee or director | 1 | $0 | $3,850 | $0 |
| MARY PURKEY | DIRECTOR Trustee or director | 1 | $0 | $3,850 | $0 |
| LONNIE RILEY | DIRECTOR Trustee or director | 1 | $0 | $3,850 | $0 |
| SERENA STRATTON | DIRECTOR Trustee or director | 1 | $0 | $3,850 | $0 |
| SAMUEL BROWN | DIRECTOR Trustee or director | 1 | $0 | $3,500 | $0 |
| RICHARD FOLEY | DIRECTOR Trustee or director | 1 | $0 | $3,500 | $0 |
| WILLIAM SMITH | DIRECTOR Trustee or director | 1 | $0 | $3,500 | $0 |
| CLARENCE BO GREEN | DIRECTOR Trustee or director | 1 | $0 | $3,150 | $0 |
| JENNIFER JONES | DIRECTOR Trustee or director | 1 | $0 | $3,150 | $0 |
| PAULA LITTLE | DIRECTOR Trustee or director | 1 | $0 | $3,150 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1738, LONDON, KY 40743-1738
- In care of
- % BRENDA MCDANIEL
- Principal officer (990 for 2024)
- JERRY RICKETT, PO BOX 1738, LONDON, KY 407431738
- Signed the 990
- BRENDA MCDANIEL, EXECUTIVE VICE PRESIDENT
- Phone
- (606) 864-5175
- Return prepared by
- BLUE & CO LLC
Mission
KHCDC PROVIDES FINANCING TO COMPANIES IN ITS SERVICE AREA, WHERE TRADITIONAL FINANCING SOURCES MAY NOT BE READILY AVAILABLE.
Program accomplishments
- 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.Expenses $1,192,203 · grants $831,918 · revenue $300,322
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1253192
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1994
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,115,426
- Income (IRS master file)
- $11,452,069
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $11,452,069 | $1,284,153 | $14,115,426 | XML |
| 990 | March 2024 | $1,300,790 | $1,401,856 | $4,125,816 | XML |
| 990 | March 2023 | $1,485,055 | $1,511,971 | $4,992,896 | XML |
| 990 | March 2022 | $1,209,567 | $1,263,778 | $4,648,028 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1253192).
Questions about KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION is 61-1253192.
- Is KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names JERRY RICKETT.
- Who are the officers and directors of KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $11,452,069, expenses of $1,284,153 and total assets of $14,115,426 at year end.
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