Civic Intelligence

Kentucky Highlands Community Development Corporation

990 • Fiscal year 2019 • EIN 61-1253192

Apr 01, 2018 to Mar 31, 2019 • Filed on Feb 12, 2020

PO Box 1738London, KY 40743-1738

(606) 864-5175

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.72x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

2.76x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$509,310

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 52.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

84th percentile

27%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$3,745,725

Flat from 2019

Net Assets

Flat

$1,050,927

Flat from 2019

Liabilities

Flat

$2,694,798

Flat from 2019

Revenue

Flat

$977,728

Flat from 2019

Expenses

Flat

$757,890

Flat from 2019

Net Income

Flat

$219,838

Flat from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,864,496Liabilities 2011: $1,036,874Net Assets 2011: $827,6222011Assets 2012: $2,190,902Liabilities 2012: $1,076,259Net Assets 2012: $1,114,6432012Assets 2013: $2,275,759Liabilities 2013: $1,160,999Net Assets 2013: $1,114,7602013Assets 2014: $2,234,396Liabilities 2014: $1,125,943Net Assets 2014: $1,108,4532014Assets 2015: $2,163,718Liabilities 2015: $1,242,093Net Assets 2015: $921,6252015Assets 2016: $1,826,842Liabilities 2016: $1,154,877Net Assets 2016: $671,9652016Assets 2017: $1,904,565Liabilities 2017: $1,595,528Net Assets 2017: $309,0372017Assets 2018: $2,956,757Liabilities 2018: $2,125,668Net Assets 2018: $831,0892018Assets 2019: $3,745,725Liabilities 2019: $2,694,798Net Assets 2019: $1,050,9272019Assets 2019: $3,745,725Liabilities 2019: $2,694,798Net Assets 2019: $1,050,9272019Assets 2020: $5,250,804Liabilities 2020: $3,528,009Net Assets 2020: $1,722,7952020Assets 2021: $4,454,485Liabilities 2021: $2,714,607Net Assets 2021: $1,739,8782021Assets 2022: $4,648,028Liabilities 2022: $2,962,361Net Assets 2022: $1,685,6672022Assets 2023: $4,992,896Liabilities 2023: $3,334,145Net Assets 2023: $1,658,7512023Assets 2025: $14,115,426Liabilities 2025: $3,426,323Net Assets 2025: $10,689,1032025

Highlighted filing

2019

Assets$3,745,725
Liabilities$2,694,798
Net Assets$1,050,927

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $346,7702011Expenses 2012: $624,2932012Expenses 2013: $679,8832013Revenue 2014: $490,747Expenses 2014: $497,054Net Income 2014: -$6,3072014Revenue 2015: $282,776Expenses 2015: $469,604Net Income 2015: -$186,8282015Revenue 2016: $423,291Expenses 2016: $672,951Net Income 2016: -$249,6602016Revenue 2017: $249,314Expenses 2017: $612,242Net Income 2017: -$362,9282017Revenue 2018: $1,207,327Expenses 2018: $685,275Net Income 2018: $522,0522018Revenue 2019: $977,728Expenses 2019: $757,890Net Income 2019: $219,8382019Revenue 2019: $977,728Expenses 2019: $757,890Net Income 2019: $219,8382019Revenue 2020: $1,282,494Expenses 2020: $610,626Net Income 2020: $671,8682020Revenue 2021: $1,416,525Expenses 2021: $1,399,442Net Income 2021: $17,0832021Revenue 2022: $1,209,567Expenses 2022: $1,263,778Net Income 2022: -$54,2112022Revenue 2023: $1,485,055Expenses 2023: $1,511,971Net Income 2023: -$26,9162023Revenue 2025: $11,452,069Expenses 2025: $1,284,153Net Income 2025: $10,167,9162025

Highlighted filing

2019

Revenue$977,728
Expenses$757,890
Net Income$219,838
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Feb 12, 2020
Return Version
2018v3.1
Gross Receipts
$977,728
Mission and Program Overview

Mission

Khcdc provides financing to companies in its service area, where traditional financing sources may not be readily available.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,790,704$2,469,520▲ $678,816
Rtn Earn Endowment Incm Other Fnds$831,089$1,050,927▲ $219,838
Land, Buildings, and Equipment, Net$971,119$777,795▼ $193,324
Accounts Receivable$89,436$452,599▲ $363,163
Cash and Non-Interest-Bearing Accounts$104,868$45,526▼ $59,342
Prepaid Expenses and Deferred Charges$630$285▼ $345
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,956,757$3,745,725▲ $788,968
Liabilities
Other Liabilities$2,124,468$2,692,275▲ $567,807
Accounts Payable and Accrued Expenses$1,200$2,523▲ $1,323
Total Liabilities$2,125,668$2,694,798▲ $569,130
Net Assets / Fund Balance
Total Net Assets Fund Balance$831,089$1,050,927▲ $219,838
Total Liabilities and Net Assets / Fund Balance$2,956,757$3,745,725▲ $788,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$313,514$323,601$637,115
Land$434,281-$434,281
Equipment$30,000$19,620$49,620
Investment Program Related Org$1,036,525--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ruby AdamsSecretaryPT$85,987$85,987
William SingletonDirector-$12,000$12,000
Bill BertramDirector-$3,850$3,850
Greene L KeithDirector-$3,850$3,850
Richard FoleyDirector-$3,850$3,850
Robert FentressDirector-$3,850$3,850
Clarence Bo GreenDirector-$3,500$3,500
Jane CarterDirector-$3,500$3,500
Lonnie RileyDirector-$3,500$3,500
William SmithDirector-$3,500$3,500
Robert DruinDirector-$3,150$3,150
Serena StrattonDirector-$3,150$3,150
Gayle HouseDirector-$2,800$2,800
Jennifer JonesDirector-$2,800$2,800
Mary PurkeyDirector-$2,800$2,800
Samuel BrownDirector-$1,400$1,400

Board Members and Trustees

NameTitle
Ray MoncriefFormer President
Jerry RickettPresident
Brenda McdanielExec. Vice President/CFO
Mark BolingerVice President, Business Lending
Edgar DavisBusiness Development Specialist
Cindy BowlesControler
Melissa ConnInvestment Analyst
Michael HayesSpecial Projects Coordinator
Revenue and Support

Revenue Composition

Contributions and Grants
$906,986
Program Service Revenue
$54,857
Investment Income
$15,885
Other Revenue
$0
All Other Contributions
$37,195
Change in Net Assets
$219,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$686,932
Salaries, Compensation, and Employee Benefits$70,958
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$451,547$120,031-$571,578
Other Salaries and Wages$40,249$10,699-$50,948
Occupancy$20,824$5,535-$26,359
Other Employee Benefits$13,049$3,469-$16,518
Depreciation Depletion$14,078--$14,078
Travel$10,776$2,864-$13,640
Fees for Services Accounting$7,061$1,877-$8,938
Fees for Services Legal$6,856--$6,856
Other Expenses$3,663$974-$4,637
Advertising$3,006$799-$3,805
Payroll Taxes$2,759$733-$3,492
All Other Expenses$2,662$710-$3,372
Insurance$2,504$665-$3,169
Office Expenses$22$6-$28
Total Functional Expenses$606,903$150,987$0$757,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ray MoncriefKey EmployeeVIA RELATED ORGANIZATION'S, KENTUCKY HIGHLANDS INVESTMENT CORPORATION, YEAR END NOTE RECEIVABLE BALANCES FROM SUMTER, INC., A RELATED ORGANIZATION (DISCLOSED ON ITS SCHEDULE R) ON WHOSE BOARD OF DIRECTORS, RAY MONCRIEF SERVES. THE LOANS ARE APPROVED BY THE COMPANY'S INVESTEE COMMITTEE AND ARE USED IN THE FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.No$2,855,763
Ray MoncriefKey EmployeeVIA RELATED ORGANIZATION'S, KENTUCKY HIGHLANDS INVESTMENT CORPORATION, YEAR END NOTE RECEIVABLE BALANCES FROM OUTDOOR VENTURE CORPORATION, AN ORGANIZATION ON WHOSE BOARD OF DIRECTORS, RAY MONCRIEF SERVES AND IS ALSO NOW EMPLOYED AS OF MARCH 2019 . THE LOANS ARE APPROVED BY THE COMPANY'S INVESTEE COMMITTEE AND ARE USED IN THE FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.No$2,714,254
Ray MoncriefKey EmployeeYEAR END EQUITY INVESTMENT IN PATRIOT INDUSTRIES, AN ORGANIZATION ON WHOSE BOARD OF DIRECTORS, RAY MONCRIEF SERVES. THE INVESTMENTS ARE APPROVED BY THE ORGANIZATION'S INVESTEE COMMITTEE AND ARE USED IN THE FUTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.No$1,036,525
Ray MoncriefKey EmployeeVIA RELATED ORGANIZATION'S, KENTUCKY HIGHLANDS INVESTMENT CORPORATION, YEAR END NOTE RECEIVABLE BALANCES FROM PATRIOT INDUSTRIES, INC., A RELATED ORGANIZATION (DISCLOSED ON ITS SCHEDULE R) ON WHOSE BOARD OF DIRECTORS, RAY MONCRIEF SERVES. THE LOANS ARE APPROVED BY THE COMPANY'S INVESTEE COMMITTEE AND ARE USED IN THE FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.No$677,363
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$2,682,375
Notes Payable$9,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the audit committee of the board of directors prior to filing. Any comments/questions are addressed and the return is filed after resolution.

Form 990, Part VI, Section B, Line 12C

Khcdc regularly and consistently monitors and enforces compliance with the policies in place. Conflicts are disclosed at board of directors meetings and recorded in the minutes, to be followed up as needed by the board chairman and/or the president.

Form 990, Part VI, Section B, Line 15A

A compensation committee consisting of board members is appointed by the board chairman. The committee reviews and sets policy regarding compensation. In addition, the organization participates in an annual compdata survey and the salaries of all employees reviewed for comparability using information provided by compdata and other sources. Additionally, the compensation committee reviews the performance of the president and ceo in relation to the strategic plan and goals of the organization which is approved annually by the board of directors. The comparable salaries relate to venture fund managers, cfo's, etc. On september 13, 1989, the irs issued a favorable determination of the total compensation arrangement (including incentive compensation). In addition, in 2016 the organization hired a third party compensation consultant to determine the reasonableness of the compensation of the officers, executives and key employees. The consultants determined the organization's salaries and benefits were reasonable and consistent with irs guidance outlined in irc 4958.

Form 990, Part VI, Section C, Line 19

Khcdc provides its governing documents, conflict of interest policy and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kentucky Highlands Community
EIN
61-1253192
Phone
6068645175
Address
PO BOX 1738, LONDON, KY 40743-1738

Signing Officer

Name
Brenda Mcdaniel
Title
Treasurer
Phone
6068645175
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Rickett
Formed
1994
Legal Domicile
Ky
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Blue & Co LLC
Address
250 WEST MAIN STREET SUITE 2900, LEXINGTON, KY 40507
Preparer
M Melinda Karns
Phone
8592531100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

There was no change in the process from prior years.

Raw XML AppendixShowing 400 of 836 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0KHCDC 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.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1560631
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1663597
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1752932
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1832534
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1949870
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2048319
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2135519
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2242911
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2340531
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL BERTRAM
IRS990/Form990PartVIISectionAGrp/PersonNm1SAMUEL BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2JANE CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT DRUIN
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT FENTRESS
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6CLARENCE BO GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm7GAYLE HOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER JONES
IRS990/Form990PartVIISectionAGrp/PersonNm9GREENE L KEITH
IRS990/Form990PartVIISectionAGrp/PersonNm10MARY PURKEY
IRS990/Form990PartVIISectionAGrp/PersonNm11LONNIE RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm12WILLIAM SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm14SERENA STRATTON
IRS990/Form990PartVIISectionAGrp/PersonNm15JERRY RICKETT
IRS990/Form990PartVIISectionAGrp/PersonNm16BRENDA MCDANIEL
IRS990/Form990PartVIISectionAGrp/PersonNm17MARK BOLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm18RUBY ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm19RAY MONCRIEF
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm21MELISSA CONN
IRS990/Form990PartVIISectionAGrp/PersonNm22CINDY BOWLES
IRS990/Form990PartVIISectionAGrp/PersonNm23EDGAR DAVIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt03850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt33150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt43850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt53850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt63500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt72800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt82800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt93850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt102800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt113500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1212000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt133500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt143150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15448679
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16384139
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17203598
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1853453
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19184590
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20168897
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21135740
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt22143787
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23141637
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXEC. VICE PRESIDENT/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT, BUSINESS LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt18SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt19FORMER PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20SPECIAL PROJECTS COORDINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21INVESTMENT ANALYST
IRS990/Form990PartVIISectionAGrp/TitleTxt22CONTROLER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BUSINESS DEVELOPMENT SPECIALIST
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt015885
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0869791
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt015885
IRS990/GrossReceiptsAmt0977728
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0665
IRS990/InsuranceGrp/ProgramServicesAmt02504
IRS990/InsuranceGrp/TotalAmt03169
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01790704
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02469520
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0343221
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0971119
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0777795
IRS990/LandBldgEquipCostOrOtherBssAmt01121016
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0KHCDC PROVIDES FINANCING TO COMPANIES IN ITS SERVICE AREA, WHERE TRADITIONAL FINANCING SOURCES ARE NOT AVAILABLE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0831089
IRS990/NetAssetsOrFundBalancesEOYAmt01050927
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015885
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015885
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05535
IRS990/OccupancyGrp/ProgramServicesAmt020824
IRS990/OccupancyGrp/TotalAmt026359
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06
IRS990/OfficeExpensesGrp/ProgramServicesAmt022
IRS990/OfficeExpensesGrp/TotalAmt028
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03469
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013049
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016518
IRS990/OtherExpensesGrp/Desc0APPLICATION FEES
IRS990/OtherExpensesGrp/Desc1DESIGN WORK
IRS990/OtherExpensesGrp/Desc2SURVEY, TITLE & APPRAIS
IRS990/OtherExpensesGrp/Desc3BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02625
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1974
IRS990/OtherExpensesGrp/ProgramServicesAmt09875
IRS990/OtherExpensesGrp/ProgramServicesAmt111821
IRS990/OtherExpensesGrp/ProgramServicesAmt26151
IRS990/OtherExpensesGrp/ProgramServicesAmt33663
IRS990/OtherExpensesGrp/TotalAmt012500
IRS990/OtherExpensesGrp/TotalAmt111821
IRS990/OtherExpensesGrp/TotalAmt26151
IRS990/OtherExpensesGrp/TotalAmt34637
IRS990/OtherLiabilitiesGrp/BOYAmt02124468
IRS990/OtherLiabilitiesGrp/EOYAmt02692275
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010699
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040249
IRS990/OtherSalariesAndWagesGrp/TotalAmt050948
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0733
IRS990/PayrollTaxesGrp/ProgramServicesAmt02759
IRS990/PayrollTaxesGrp/TotalAmt03492
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0630
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0285
IRS990/PrincipalOfficerNm0JERRY RICKETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0523000
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME FROM P
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039337
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039337
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115520
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01172777
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02870
IRS990/PYOtherExpensesAmt0551869
IRS990/PYOtherRevenueAmt010
IRS990/PYProgramServiceRevenueAmt031670
IRS990/PYRevenuesLessExpensesAmt0522052
IRS990/PYSalariesCompEmpBnftPaidAmt0133406
IRS990/PYTotalExpensesAmt0685275
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01207327
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0219838
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$3.43$10.7$11.5$1.28$10.2
2023Summary only. Only limited summary data is available for this year.$4.99$3.33$1.66$1.49$1.51$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$2.96$1.69$1.21$1.26$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$2.71$1.74$1.42$1.40$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$3.53$1.72$1.28$0.61$0.67
2019Detailed filing. Detailed filing data is available for this year.$3.75$2.69$1.05$0.98$0.76$0.22
2019Summary only. Only limited summary data is available for this year.$3.75$2.69$1.05$0.98$0.76$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$2.13$0.83$1.21$0.69$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$1.60$0.31$0.25$0.61$0.36
2016Detailed filing. Detailed filing data is available for this year.$1.83$1.15$0.67$0.42$0.67$0.25
2015Detailed filing. Detailed filing data is available for this year.$2.16$1.24$0.92$0.28$0.47$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.23$1.13$1.11$0.49$0.50$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$1.16$1.11$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$1.08$1.11$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.04$0.83$0.35