KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION

EIN 61-1253192 · Community & Neighborhood Development (S20)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

10.41%of revenue went to mission work92.8% of expenses · Program services

$11.21spent for every $100 of revenueRevenue covered expenses this year.

0.80%of revenue went to management and office costs7.2% of expenses

$10.99in assets for every $1 spent this yearSome assets cannot be spent right away.

97.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $79,899 for BRENDA MCDANIEL (EXEC. VICE PRESIDENT/CFO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,452,069

Mission workProgram services$1,192,20310.41% of revenue92.8% of expenses

ManagementOffice and general costs$91,9500.80% of revenue7.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$10,167,91688.79% of revenueShown in gray on the chart

Total expenses$1,284,15311.21% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 11.21% of revenue

2023Expense mix: 92.3% mission · 7.7% management · 0.0% fundraisingTotal expenses: 107.77% of revenue

2022Expense mix: 91.2% mission · 8.8% management · 0.0% fundraisingTotal expenses: 101.81% of revenue

2021Expense mix: 93.2% mission · 6.8% management · 0.0% fundraisingTotal expenses: 104.48% of revenue

2020Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 98.79% of revenue

2019Expense mix: 80.4% mission · 19.6% management · 0.0% fundraisingTotal expenses: 47.61% of revenue

2018Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingTotal expenses: 77.52% of revenue

2017Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 56.76% of revenue

Money in and money out

Revenue$11,452,069

Expenses$1,284,153

Annual surplus $10,167,916 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,192,203 · 92.8% of expenses

Management and office costs$91,950 · 7.2% of expenses

See all reported dollar amounts

Revenue$11,452,069

Expenses$1,284,153

Assets$14,115,426

Income$11,452,069

Contributions$11,151,747

Mission work (program services)$1,192,203

Grants given$5,154,780

Average grant$859,130

Management and general$91,950

Accounting fees$7,822

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRENDA MCDANIELEXEC. VICE PRESIDENT/CFO · 5 hrs/week $79,899Base · Other $79,899

JERRY RICKETTPRESIDENT · 5 hrs/week $78,903Base · Other $78,903

MARK BOLINGERVICE PRESIDENT, BUSINESS L · 5 hrs/week $69,735Base · Other $69,735

EDGAR DAVISBUSINESS DEVELOPMENT SPECI · 1 hrs/week $53,092Base · Other $53,092

RUBY ADAMSSECRETARY · 5 hrs/week $35,773Base · Other $35,773

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

BRENDA MCDANIELEXEC. VICE PRESIDENT/CFO

JERRY RICKETTPRESIDENT

MARK BOLINGERVICE PRESIDENT, BUSINESS L

EDGAR DAVISBUSINESS DEVELOPMENT SPECI

RUBY ADAMSSECRETARY

WILLIAM SMITHDIRECTOR

AMY ELLISDIRECTOR

WILLIAM SINGLETONDIRECTOR

SHANE GABBARDDIRECTOR

SERENA STRATTONDIRECTOR

SAMUEL BROWNDIRECTOR

RICHARD FOLEYDIRECTOR

RAY MONCRIEFFORMER OFFICER

PAULA LITTLEDIRECTOR

OSCAR HOUSEDIRECTOR

LONNIE RILEYDIRECTOR

JENNIFER JONESDIRECTOR

JANE CARTERDIRECTOR

GREENE L KEITHDIRECTOR

CLARENCE BO GREENDIRECTOR

BILL BERTRAMDIRECTOR

About this charity

Recognized since: January 1994
Location: PO BOX 1738, LONDON, KY 40743-1738
County: Laurel
In care of: % BRENDA MCDANIEL
Primary officer: BRENDA MCDANIEL, EXECUTIVE VICE PRESIDENT

How to reach them

Phone(606) 864-5175

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: BLUE & CO LLC
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development
Grant-giving organization: Yes