Nonprofit · EIN 61-1057380
FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $680,388 | $822,902 | -$142,514 | $6,715,512 | $5,870,315 | $845,197 |
| June 30, 2024 | 990 | $614,894 | $750,757 | -$135,863 | $7,118,113 | $6,034,226 | $1,083,887 |
| June 30, 2023 | 990 | $670,898 | $692,306 | -$21,408 | $7,349,398 | $6,142,136 | $1,207,262 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $145,000
- of which government grants
- $20,000
- Program service revenue
- $498,019
- Investment income
- $121
- Other revenue
- $37,248
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,020
- Accounting fees
- $10,510
- Depreciation
- $284,139
- Program services (functional)
- $782,119
- Management and general (functional)
- $40,783
Balance sheet and other
- Total assets, start of year
- $7,118,113
- Total assets, end of year
- $6,715,512
- Total liabilities, end of year
- $5,870,315
- Net assets, end of year
- $845,197
- Land, buildings and equipment
- $4,995,095
- Net assets without donor restrictions
- $845,197
- Gross receipts
- $680,388
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1981
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PORTER G PEEPLES SR | PRESIDENT Trustee or director, Officer | 20 | $0 | $191,589 | $9,502 |
| DENISE BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOHN LOGAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SHERRY FIELDS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LARRY FORESTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| EBONY WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ABDUL MUHAMMAD | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RAYMOND SMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| KEITH JONES | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TASHA WHITE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TIMOTHY ELERY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NORMAN P FRANKLIN | AUTHORIZED OFFICER Officer | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PORTER G PEEPLES SR | PRESIDENT Trustee or director, Officer | 20 | $0 |
| DENISE BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN LOGAN | BOARD MEMBER Trustee or director | 2 | $0 |
| SHERRY FIELDS | BOARD MEMBER Trustee or director | 2 | $0 |
| LARRY FORESTER | BOARD MEMBER Trustee or director | 2 | $0 |
| EBONY WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 |
| ABDUL MUHAMMAD | BOARD MEMBER Trustee or director | 2 | $0 |
| RAYMOND SMITH | BOARD MEMBER Trustee or director | 2 | $0 |
| KEITH JONES | BOARD MEMBER Trustee or director | 2 | $0 |
| TASHA WHITE | BOARD MEMBER Trustee or director | 2 | $0 |
| TIMOTHY ELLERY | BOARD MEMBER Trustee or director | 2 | $0 |
| NORMAN P FRANKLIN | AUTHORIZED OFFICER Officer | 0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PORTER G PEEPLES SR | PRESIDENT Trustee or director, Officer | 20 | $0 |
| DENISE BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN LOGAN | BOARD MEMBER Trustee or director | 2 | $0 |
| SHERRY FIELDS | BOARD MEMBER Trustee or director | 2 | $0 |
| LARRY FORESTER | BOARD MEMBER Trustee or director | 2 | $0 |
| EBONY WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 |
| ABDUL MUHAMMAD | BOARD MEMBER Trustee or director | 2 | $0 |
| RAYMOND SMITH | BOARD MEMBER Trustee or director | 2 | $0 |
| KEITH JONES | BOARD MEMBER Trustee or director | 2 | $0 |
| TASHA WHITE | BOARD MEMBER Trustee or director | 2 | $0 |
| TIMOTHY ELERY | BOARD MEMBER Trustee or director | 2 | $0 |
| NORMAN P FRANKLIN | AUTHORIZED OFFICER Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 148 DEWEESE ST, LEXINGTON, KY 40507-1921
- Principal officer (990 for 2024)
- PORTER G PEEPLES, 148 DEWEESE ST, LEXINGTON, KY 40507
- Signed the 990
- TASHA WHITE, AUTHORIZED OFFICER
- Phone
- (859) 233-1561
- Return prepared by
- HICKS & ASSOCIATES CPAS
Mission
TO IMPROVE ECONOMIC DEVELOPMENT WITH PRIMARY FOCUS ON THE DEVELOPMENT OF AFFORDABLE HOUSING.
Program accomplishments
- THE FURTHERANCE OF ECONOMIC DEVELOPMENT IN THE FAYETTE COUNTY AREA THROUGH THE PURCHASE, RENOVATION, AND SALE OF PROPERTIES TO LOWER-INCOME HOMEBUYERS.Expenses $782,119 · revenue $535,267
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1057380
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $6,715,512
- Income (IRS master file)
- $680,388
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $680,388 | $822,902 | $6,715,512 | IRS |
| 990 | June 2024 | $614,894 | $750,757 | $7,118,113 | IRS |
| 990 | June 2023 | $670,898 | $692,306 | $7,349,398 | XML |
| 990 | June 2022 | $654,818 | $611,823 | $7,578,753 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 61-1057380).
Questions about FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
- What is the EIN of FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION is 61-1057380.
- Is FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAYETTE COUNTY LOCAL 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 FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names PORTER G PEEPLES.
- Who are the officers and directors of FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $680,388, expenses of $822,902 and total assets of $6,715,512 at year end.
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All nonprofits in LEXINGTON · Kentucky · Community improvement and capacity building