2024-02-13T11:04:58-06:00 2023-03-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2022-04-01 610673339 KENTUCKY HIGHLANDS INVESTMENT CORP KENT 6068645175 PO BOX 1738 LONDON KY 407431738 BRENDA MCDANIEL CFO 6068645175 2024-02-10 1 BRENDA MCDANIEL XXX-XX-XXXX 0 M MELINDA KARNS P00743346 8592531100 2024-02-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JERRY RICKETT PO BOX 1738 LONDON KY 407431738 8002017 0 X WWW.KHIC.ORG X 1968 KY TO PROVIDE AND RETAIN EMPLOYMENT OPPORTUNITIES IN SOUTHEASTERN KENTUCKY THROUGH SOUND INVESTMENTS AND MANAGEMENT ASSISTANCE. 13 13 24 0 0 0 4671874 2857654 4290165 4502201 54127 133086 269671 509076 9285837 8002017 0 190453 0 0 3451494 3493392 0 0 0 2917604 2742015 6369098 6425860 2916739 1576157 130461604 134631395 58922585 61428225 71539019 73203170 X KHIC'S PURPOSE IS TO PLAN, PROMOTE, INITIATE, AND COORDINATE COMMUNITY, ECONOMIC, AND SOCIAL DEVELOPMENT EFFORTS. KHIC HAS USED A VENTURE CAPITAL APPROACH YIELDING NOTABLE POSITIVE RESULTS. IT HAS A STRONG BASE OF CAPITAL WITH A PORTFOLIO THAT ALLOWS IT TO BE SELF-SUSTAINING, A DEDICATED AND EXPERIENCED STAFF, A COMMITTED AND SUPPORTIVE BOARD OF DIRECTORS, AND A CLEAR DEFINITION OF ITS MISSION AND METHOD. KHIC'S STRATEGY IS TO DEVELOP AN ENVIRONMENT WHERE ENTREPRENEURSHIP WILL THRIVE. IT DOES SO BY PROVIDING BOTH FINANCIAL SUPPORT AND MANAGEMENT ASSISTANCE TO NEW AND EXISTING BUSINESSES. IT ALSO SEEKS TO INTRODUCE AND DEVELOP ENTREPRENEURIAL TALENT BOTH FROM WITHIN THE REGION AND FROM AREAS OUTSIDE THE REGION. 0 0 5463800 190453 5011277 KENTUCKY HIGHLANDS INVESTMENT CORPORATION (KHIC), LONDON, KENTUCKY WAS FOUNDED IN 1968 AS JOB START CORPORATION AS A PART OF THE WAR ON POVERTY. KHIC STARTED WITH A NINE COUNTY SERVICE AREA AND HAS EXPANDED TO TWENTY-TWO COUNTIES. THESE COUNTIES HAVE CHRONICALLY HIGH RATES OF UNEMPLOYMENT AND POVERTY. THIS HILLY, RURAL AREA HAS ONLY NINE POPULATION CENTERS WITH MORE THAN 5,000 RESIDENTS. BUT WITH TECHNOLOGY, GOOD HIGHWAYS, LOYAL EMPLOYEES AND LOWER COST OF LIVING IT IS AN INCREASINGLY ATTRACTIVE AREA FOR NEW BUSINESSES.AT MARCH 31,2023, KHIC HAS PROVIDED $667 MILLION IN FINANCING TO 1,043 BORROWERS, INCLUDING 452 SMALL FARM BORROWERS, AND CREATED 20,314 JOBS WHILE MAINTAINING 8,374. KHIC HAS BEEN A VIBRANT CATALYST FOR CHANGE IN ITS TARGET AREA. HOWEVER, KHIC'S PRIMARY CONCERN FOR THE AREA IS POVERTY. THE POVERTY RATE IN THE TARGETED INVESTMENT AREA AVERAGED 27.9 PERCENT IN 2021 AND MEDIAN HOUSEHOLD INCOME WAS ONLY $38,413. UNEMPLOYMENT IS CONSISTENTLY HIGHER IN THE AREA BY SEVERAL PERCENTAGE POINTS THAN FOR THE STATE OR THE NATION. UNEMPLOYMENT IN 2021 IS 11.6% WHICH IS 157% OF THE NATIONAL RATE OF 7..4%. IN 2003, KHIC EXPANDED ITS SERVICE AREA TO INCLUDE AN ADDITIONAL TEN CONTIGUOUS COUNTIES ALL EVIDENCING EXTREME POVERTY, LOW EDUCATIONAL ATTAINMENT, AND HIGH UNEMPLOYMENT AS WELL AS OTHER ASPECTS OF PERSISTENT ECONOMIC DISTRESS. KHIC'S SERVICE AREA INCLUDES 117 HIGH-POVERTY CENSUS TRACTS WITH GREATER THAN 20% POVERTY; 59 GREATER THAN 30%; 15 GREATER THAN 40% AND 2 GREATER THAN 50%. KHIC SERVES 6% OF THE NATION'S RURAL PERSISTENT POVERTY COUNTIES.SINCE ITS FOUNDING, KHIC HAS BEEN INVOLVED IN A VARIETY OF BUSINESS LENDING RELATED TO REAL ESTATE DEVELOPMENT, INCLUDING LENDING FOR COMMUNITY FACILITIES, MANUFACTURING AND INDUSTRIAL PLANT DEVELOPMENT, AND OFFICE SPACE. KHIC HAS DEVELOPED CLOSE TO $13 MILLION IN INDUSTRIAL REAL ESTATE PROJECTS DIRECTLY AND HAS PROVIDED APPROXIMATELY $100 MILLION IN FINANCING TO COMPANIES FOR INDUSTRIAL AND COMMERCIAL REAL ESTATE DEVELOPMENT. AS LEAD AGENCY FOR THE KENTUCKY HIGHLANDS EMPOWERMENT ZONE (KHEZ), KHIC HAS SUCCESSFULLY MANAGED MILLIONS OF DOLLARS OF FEDERAL, STATE AND LOCAL RESOURCES, LEVERAGING MORE THAN $150 MILLION OF PRIVATE RESOURCES ON BEHALF OF THE COMMUNITIES THROUGHOUT THE EMPOWERMENT ZONE AND RESULTING IN MORE THAN 4,100 NET NEW JOBS FROM KHEZ INVESTMENTS. KENTUCKY HIGHLANDS PROVIDES AN OPPORTUNITY TO BUSINESSES IN ITS FOOTPRINT TO RECEIVE SOPHISTICATED FINANCIAL SERVICES OTHERWISE UNAVAILABLE IN IN THE AREA. ACCESS TO FINANCING, ACCESS TO TRAINING, ACCESS TO NATIONAL LEVEL PROGRAMS ARE THE KEY ATTRIBUTES WHICH DIFFER KENTUCKY HIGHLANDS AND ITS STAFF. MOST INDIVIDUALS ARE LONG TIME EMPLOYEES, FAMILIAR WITH THE REGION AND ITS CONSTITUENTS, AND PASSIONATE ABOUT THE ECONOMIC ASPIRATIONS OF ITS CITIZENS AND BUSINESSES.ON JANUARY 7, 2014, PRESIDENT OBAMA NAMED KENTUCKY HIGHLANDS INVESTMENT CORPORATION, IN PARTNERSHIP WITH EIGHT COUNTIES IN SOUTHEASTERN KENTUCKY, AS THE FIRST RURAL PROMISE ZONE IN THE NATION. PROMISE ZONE IS A FEDERAL DESIGNATION OF A GEOGRAPHIC AREA CONTAINING NO MORE THAN 200,000 IN POPULATION AND THAT 20% OR MORE OF THE POPULATION LIVES IN POVERTY. THE INITIATIVE AIMS TO REVERSE FACTORS THAT LEAD TO POVERTY THROUGH A STRATEGIC ALIGNMENT OF FEDERAL AGENCIES WORKING TOGETHER IN CONCERT WITH BOTTOM-UP STRATEGIC DEVELOPMENT PLANS AT THE LOCAL ANDREGIONAL LEVEL.THE KENTUCKY HIGHLANDS PROMISE ZONE (KHPZ) CONDUCTS ITS WORK THROUGH A NETWORK OF SECTOR-FOCUSED (ECONOMIC DEVELOPMENT, HOUSING, HEALTHCARE, LOCAL FOOD SYSTEMS, BROAD BAND AND EDUCATION) LED BY COMMUNITY LEADERS. COMMITTEES COMPRISED OF PUBLIC SECTOR, NONPROFIT AND FOR PROFIT BUSINESS REPRESENTATIVES CONDUCT THEIR WORK ACROSS SECTORS TO BUILD ALLIANCES LEADING TO FRESH PERSPECTIVES TO ADDRESS OLD PROBLEMS. ULTIMATELY, THE IMPLEMENTATION OF THE KHPZ STRATEGIC PLAN IS TO OPEN AVENUES TO A MORE DIVERSIFIED AND VIBRANT ECONOMY THAT IS LESS DEPENDENT UPON THE COAL MINING INDUSTRY. DEVELOPMENT OF HUMAN CAPITAL IS AT THE CORE OF THE INITIATIVE. MEASUREMENTS OF PROGRAM SUCCESS INCLUDE JOBS CREATED, INCREASED TAX BASE, DECREASED GOVERNMENT SPENDING ON SOCIAL PROGRAMS, TECHNOLOGY IMPROVEMENTS, CRIME REDUCTION AND AN INCREASE OF PRIVATE INVESTMENT. 5463800 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 43 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 KY X X BRENDA MCDANIEL 6068645175 PO BOX 1738 LONDON KY 40743 X BILL BERTRAM DIRECTOR 1.00 X 3850 0 0 SAMUEL BROWN DIRECTOR 1.00 X 3500 0 0 JANE CARTER DIRECTOR 1.00 X 3850 0 0 RICHARD FOLEY DIRECTOR 1.00 X 3500 0 0 CLARENCE BO GREEN DIRECTOR 1.00 X 3150 0 0 JENNIFER JONES DIRECTOR 10.00 X 3150 0 0 GREENE KEITH DIRECTOR 1.00 X 3850 0 0 MARY PURKEY DIRECTOR 1.00 X 3850 0 0 LONNIE RILEY DIRECTOR 1.00 X 3850 0 0 WILLIAM SINGLETON DIRECTOR 1.00 X 12000 0 0 WILLIAM SMITH DIRECTOR 1.00 X 3500 0 0 SERENA STRATTON DIRECTOR 1.00 X 3850 0 0 PAULA LITTLE DIRECTOR 1.00 X 3150 0 0 JERRY RICKETT PRESIDENT/CEO 40.00 X 473773 0 68993 BRENDA MCDANIEL EXEC. VICE PRESIDENT/CFO 40.00 X 433269 0 70413 MARK BOLINGER VICE PRESIDENT OF BUSINESS 40.00 X 250523 0 61207 RUBY ADAMS SECRETARY 40.00 X 61014 0 34446 MICHAEL HAYES SPECIAL PROJECTS COORDINAT 40.00 X 192852 0 52937 EDGAR DAVIS BUSINESS DEVELOPMENT SPECI 40.00 X 159580 0 47242 1626061 0 335238 5 0 1 0 0 823879 2033775 2857654 INTEREST INCOME FROM P 523000 3327578 3327578 INTEREST FROM WORKING 523000 786040 786040 MANAGEMENT FEES (NET O 541610 387083 387083 LOAN ORIGINATION FEES 523000 1500 1500 4502201 133086 133086 131700 0 131700 131700 131700 DEVELOPERS FEE 900099 226431 226431 BAD DEBT RECOVERY 900099 127789 127789 MISCLLANEOUS 900099 23156 23156 377376 8002017 5011277 0 133086 190453 190453 1281611 1012473 269138 1290355 1019380 270975 285458 225512 59946 484308 382603 101705 151660 119811 31849 7992 7992 37711 37711 179006 141415 37591 31557 24930 6627 87321 68984 18337 91259 72095 19164 164555 129998 34557 55618 43938 11680 22712 17942 4770 1285466 1285466 159126 159126 47843 37796 10047 BAD DEBT EXPENSE 381509 381509 FEES AND LICENSES 161520 127601 33919 MISCELLANEOUS EXPENSES 18051 14260 3791 DUES AND SUBSCRIPTIONS 10769 8508 2261 6425860 5463800 962060 0 -1 -1 32107723 28758247 380909 570392 5410839 5321470 6613446 1791927 4980645 4821519 87234666 95059546 346823 100222 130461604 134631395 1094389 1209120 57828196 60219105 58922585 61428225 X 71539019 73203170 0 0 0 0 71539019 73203170 130461604 134631395 X 1576157 -100000 187994 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 382134 382134 6009226 1569841 4439385 222086 222086 0 4821519 EQUITY INVESTMENTS 12481784 F DEBT INVESTMENTS 82577762 F 95059546 1 KENTUCKY HIGHLANDS REAL ESTATE CORPORATION PO BOX 1738 LONDON KY 40743 610899617 190453 0 CASH PASS-THROUGH GRANT FROM JP MORGAN CHASE FOUNDATION TO PROVIDE FUNDS FOR REMODELING AND IMPROVEMENTS TO REAL PROPERTY LOCATED IN KHIC'S SERVICE AREA. 1 X X X X 0 0 1 0 0 1 0 1 0 JERRY RICKETT PRESIDENT/CEO 345050 0 109464 0 19259 0 39506 0 29487 0 542766 0 0 0 BRENDA MCDANIEL EXEC. VICE PRESIDENT/CFO 325453 0 99964 0 7852 0 39506 0 30907 0 503682 0 0 0 MARK BOLINGER VICE PRESIDENT OF BUSINESS 197917 0 51535 0 1071 0 30953 0 30254 0 311730 0 0 0 MICHAEL HAYES SPECIAL PROJECTS COORDINAT 160042 0 28601 0 4209 0 21899 0 31038 0 245789 0 0 0 EDGAR DAVIS BUSINESS DEVELOPMENT SPECI 130690 0 27205 0 1685 0 16675 0 30567 0 206822 0 0 0 PART I, LINE 3 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. A COMPENSATION STUDY WAS COMPLETED IN 2020. PART I, LINE 6 ON SEPTEMBER 13, 1989, THE ORGANIZATION RECEIVED A FAVORABLE IRS DETERMINATION REGARDING ITS INCENTIVE COMPENSATION PLAN. THE PLAN PROVIDES FOR TWO BONUS POOLS. ALL EMPLOYEES ARE ELIGIBLE TO BE CHOSEN FOR PARTICIPATION. THE FIRST POOL IS BASED ON THE LESSER OF 20% OF SALARIES OF EMPLOYEES CHOSEN FOR PARTICIPATION OR PROGRAM SERVICE INTEREST INCOME (NET OF EXPENSE) AND PROGRAM SERVICE RENTAL INCOME. THE SECOND POOL IS BASED ON 20% OF REALIZED GAINS ON THE SALE OF PROGRAM SERVICE INVESTMENTS. THE TOTAL BONUS POOL IS ALLOCATED TO THE FOLLOWING GROUPS: GROUP I - EXECUTIVE OFFICERS GROUP II - SENIOR INVESTMENT OFFICERS SELECTED FOR PARTICIPATION BY THE CEO GROUP III - INVESTMENT ANALYSTS SELECTED FOR PARTICIPATION BY THE CEO GROUP IV - ADMINISTRATIVE SUPPORT PERSONNEL SELECTED FOR PARTICIPATION BY THE CEO PART I, LINE 7 THE ORGANIZATION PAID BONUSES EQUAL TO ONE SEMI-MONTHLY PAY-PERIOD BASE COMPENSATION TO ALL EMPLOYEES. THE BONUSES WERE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE COMPENSATION 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 ANY CONFLICTS OF INTEREST ARE DISCLOSED AT BOARD OF DIRECTORS MEETINGS AND RECORDED IN THE MINUTES, TO BE FOLLOWED UP BY THE BOARD CHAIRMAN AND/OR PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 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 COMPENSATION FOR 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII THE SALARIES AND FRINGE BENEFITS REPORTED ON THIS FORM 990 REPRESENT 100% OF THE ORGANIZATION'S COSTS; HOWEVER, $483,483/- OF THOSE COSTS ARE CHARGED TO SUBSIDIARY / INVESTEE COMPANIES FOR SERVICES PROVIDED TO THEM. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN LOSS RESERVE 187,994. FORM 990, PART XI, LINE 2C THERE WAS NO CHANGE IN THE PROCESS FROM PRIOR YEARS. KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION PO BOX 1738 LONDON KY 407431738 611253192 TO PROMOTE THE TAX-EXEMPT MISSION OF KENTUCKY HIGHLANDS INVESTMENT CORP. KY 501(C)(3) 11, TYPE I 1 CENTRAL APPALACHIAN RURAL INVESTMENT CORPORATION PO BOX 1738 LONDON KY 407431738 204870639 TO PROMOTE THE TAX-EXEMPT MISSION OF KENTUCKY HIGHLANDS INVESTMENT CORP. KY 501(C)(3) 11, TYPE I N/A 0 APPALACHIAN FUND MANAGEMENT INC PO BOX 1738 LONDON KY 407431738 611399975 TO PROMOTE THE TAX-EXEMPT MISSION OF KENTUCKY HIGHLANDS INVESTMENT CORP. KY 501(C)(3) 11, TYPE I N/A 0 MERITUS VENTURES LP PO BOX 1738 LONDON KY 407431738 204862339 VENTURE CAPITAL - RBIC DE CENTRAL APPALACHIAN RURAL INVESTMENT CORPORATION RELATED -47799 382381 0 1 0.13990 APPALACHIAN MICRO EQUITY FUND LLC PO BOX 1738 LONDON KY 407431738 813094121 SMALL BUSINESS INVESTMENTS KY RELATED 6178 344315 0 1 0.50000 ENTREP LLC FKA TIER 1 ACCELERATED HEALTH LLC 100 E RIVERCENTER BLVD SUITE 100 COVINGTON KY 41011 461517092 NEW MARKETS VENTURE CAPITAL INVESTMENTS KY N/A 0 0 KENTUCKY HIGHLANDS DEVELOPMENT CORPORATION PO BOX 1738 LONDON KY 40743 610988883 ECONOMIC DEVELOPMENT/HOLDING COMPANY KY C 6251225 1.00000 0 KENTUCKY HIGHLANDS MANAGEMENT COMPANY PO BOX 1738 LONDON KY 40743 611160436 MANAGEMENT SERVICES KY C 62194 1.00000 0 MOUNTAIN VENTURES INC PO BOX 1738 LONDON KY 40743 610951041 VENTURE CAPITAL KY C 38305 1233282 1.00000 0 KENTUCKY HIGHLANDS REAL ESTATE CORP PO BOX 1738 LONDON KY 40743 610899617 REAL ESTATE RENTAL KY C 560802 3418373 1.00000 0 PATRIOT INDUSTRIES INC PO BOX 9091 MONTICELLO KY 426330909 611319181 MANUFACTURING/CUT AND SEW KY C 780626 4353128 0.65490 0 SUMTER CORPORATION PO BOX 1738 LONDON KY 40743 463642311 MANUFACTURING KY C 2026 417039 0.65000 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 PATRIOT INDUSTRES INC A 341379 FMV INTEREST RATE MERITUS VENTURES LP L 171770 MANAGEMENT FEES - CONTRACTUAL KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORP O 382964 COST REIMBURSEMENT KENTUCKY HIGHLANDS REAL ESTATE CORP O 97688 COST REIMBURSEMENT MOUNTAIN VENTURES INC O 1444 COST REIMBURSEMENT KENTUCKY HIGHLANDS REAL ESTATE CORP B 0 GRANT KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORP C 863879 SUPPORT FROM SUPPORTING ORG. KENTUCKY HIGHLANDS DEVELOPMENT CORP O 1387 COST REIMBURSEMENT SOMERSET CENTER HOTEL LP PO BOX 21950 OWENSBORO KY 42304 471194300 SMALL BUSINESS INVESTMENTS KY UNRELATED 0 30650 113602 0 0 0.09000