Overview
What is Fayette County Local Development Corporation?
The Fayette County Local Development Corporation is a nonprofit organization situated in Lexington, Kentucky, specifically at 148 Deweese Street. Their primary mission is to bolster economic development, particularly in the field of affordable housing, within the Fayette County area. They accomplish this by purchasing, renovating, and subsequently selling properties to lower-income homebuyers, thereby contributing to the overall improvement of the local economy.
Is Fayette County Local Development Corporation legitimate?
Fayette County Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette County Local Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fayette County Local Development Corporation?
The Fayette County Local Development Corporation is committed to enhancing economic development, primarily focusing on the creation of affordable housing. This organization strives to advance economic growth in the area by purchasing, renovating, and selling properties to lower-income homebuyers. By doing so, they aim to contribute to the betterment of the community, providing affordable housing options for individuals who may otherwise struggle to secure them.
Who is the CEO of Fayette County Local Development Corporation?
Porter G Peeples is the Principal Officer of Fayette County Local Development Corporation.
What is the revenue of Fayette County Local Development Corporation?
Fayette County Local Development Corporation's revenue in 2022 was $654,818.
Who are the executives of Fayette County Local Development Corporation and what are their salaries?
- Porter G Peeples Sr (President) [Trustee/Director]
- Denise Brown (Board Member) [Trustee/Director]
- John Logan (Board Member) [Trustee/Director]
- Sherry Fields (Board Member) [Trustee/Director]
- Larry Forester (Board Member) [Trustee/Director]
- Ebony Williams (Board Member) [Trustee/Director]
- Abdul Muhammad (Board Member) [Trustee/Director]
- Raymond Smith (Board Member) [Trustee/Director]
- Keith Jones (Board Member) [Trustee/Director]
- Tasha White (Board Member) [Trustee/Director]
- Timothy Elery (Board Member) [Trustee/Director]
- Norman P Franklin (Authorized Officer)
Where can I find the form 990 for Fayette County Local Development Corporation?
The Fayette County Local Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Fayette County Local Development Corporation
Fayette County Local Development Corporation, as a nonprofit organization, is dedicated to enhancing economic development primarily by focusing on the creation of affordable housing opportunities. Their mission is to positively impact the community by purchasing, renovating, and subsequently selling properties to lower-income homebuyers. By engaging in these activities, the corporation aims to contribute to the overall improvement of the economic landscape within the Fayette County area.
Impact
This information is meant to be a general summary of Fayette County Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Fayette County Local Development Corporation has a significant impact on the economic development of the Fayette County area, particularly through its focus on affordable housing initiatives. By purchasing, renovating, and selling properties to lower-income homebuyers, the organization plays a crucial role in providing access to housing opportunities for those in need. This effort not only helps improve the quality of life for individuals and families in the community but also contributes to the overall economic growth and stability of the region. Through its mission-driven work, Fayette County Local Development Corporation is actively involved in driving positive change and fostering community improvement in Lexington, KY.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$499,885
Organization Details
Founding Year
1981
Phone
(859) 233-1561
Principal Officer
Porter G Peeples
Main Address
148 DEWEESE ST, LEXINGTON, KY, 40507
NTEE Category
Code: S32Z - Community improvement
If you are a representative of Fayette County Local Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.