FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION (EIN 61-1057380)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-12
IRS object ID: 202621329349306802
Schema version: 2024v5.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-12T15:49:13-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	453047226	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HICKS & ASSOCIATES CPAS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1795 ALYSHEBA WAY SUITE 6206	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40509	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	611057380	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FAYETTE COUNTY LOCAL	BusinessNameLine1Txt
Business Name Line2	DEVELOPMENT CORPORATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	FAYE	BusinessNameControlTxt
Phone	8592331561	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	148 DEWEESE ST	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40507	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TASHA WHITE	PersonNm
Person Title	AUTHORIZED OFFICER	PersonTitleTxt
Phone	8592331561	PhoneNum
Signature	2026-05-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID W HICKSCPACFF	PreparerPersonNm
PTIN	P00011200	PTIN
Phone	8593689727	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PORTER G PEEPLES	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	148 DEWEESE ST	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40507	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$680,388	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1981	FormationYr
Legal Domicile State	KY	LegalDomicileStateCd
Activity Or Mission	TO IMPROVE ECONOMIC DEVELOPMENT WITH PRIMARY FOCUS ON THE DEVELOPMENT OF AFFORDABLE HOUSING.	ActivityOrMissionDesc
Voting Members Governing Body	12	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$50,000	PYContributionsGrantsAmt
CY Contributions Grants	$145,000	CYContributionsGrantsAmt
PY Program Service Revenue	$501,182	PYProgramServiceRevenueAmt
CY Program Service Revenue	$498,019	CYProgramServiceRevenueAmt
PY Investment Income	$156	PYInvestmentIncomeAmt
CY Investment Income	$121	CYInvestmentIncomeAmt
PY Other Revenue	$63,556	PYOtherRevenueAmt
CY Other Revenue	$37,248	CYOtherRevenueAmt
PY Total Revenue	$614,894	PYTotalRevenueAmt
CY Total Revenue	$680,388	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$750,757	PYOtherExpensesAmt
CY Other Expenses	$822,902	CYOtherExpensesAmt
PY Total Expenses	$750,757	PYTotalExpensesAmt
CY Total Expenses	$822,902	CYTotalExpensesAmt
PY Revenues Less Expenses	-$135,863	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$142,514	CYRevenuesLessExpensesAmt
Total Assets BOY	$7,118,113	TotalAssetsBOYAmt
Total Assets EOY	$6,715,512	TotalAssetsEOYAmt
Total Liabilities BOY	$6,034,226	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$5,870,315	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,083,887	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$845,197	NetAssetsOrFundBalancesEOYAmt
Mission	TO IMPROVE ECONOMIC DEVELOPMENT WITH PRIMARY FOCUS ON THE DEVELOPMENT OF AFFORDABLE HOUSING.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$782,119	ExpenseAmt
Revenue	$535,267	RevenueAmt
Desc	THE FURTHERANCE OF ECONOMIC DEVELOPMENT IN THE FAYETTE COUNTY AREA THROUGH THE PURCHASE, RENOVATION, AND SALE OF PROPERTIES TO LOWER-INCOME HOMEBUYERS.	Desc
Total Program Service Expenses	$782,119	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	7	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	12	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8592331561	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	148 DEWEESE STREET	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40507	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
PORTER G PEEPLES SR
PRESIDENT	20.00	Yes (X)	Yes (X)	$0	$191,589	$9,502
DENISE BROWN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
JOHN LOGAN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
SHERRY FIELDS
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
LARRY FORESTER
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
EBONY WILLIAMS
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
ABDUL MUHAMMAD
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
RAYMOND SMITH
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
KEITH JONES
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
TASHA WHITE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
TIMOTHY ELERY
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
NORMAN P FRANKLIN
AUTHORIZED OFFICER	0.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$191,589	TotReportableCompRltdOrgAmt
Total Other Compensation	$9,502	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BEX CONSTRUCTION INC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2456 PALUMBO DRIVE	AddressLine1Txt
City	LEXINGTON	CityNm
State Abbreviation	KY	StateAbbreviationCd
ZIP	40509	ZIPCd

Field	Value	IRS element (for citing)
Services	CONSTRUCTION	ServicesDesc
Compensation	$806,734	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$20,000	GovernmentGrantsAmt
All Other Contributions	$125,000	AllOtherContributionsAmt
Total Contributions	$145,000	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	RENTAL INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$498,019	TotalRevenueColumnAmt
Related Or Exempt Func Income	$498,019	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$498,019	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$121	TotalRevenueColumnAmt
Exclusion	$121	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FORGIVENESS OF DEBT	531390	$19,551	$19,551
DEVELOPER FEE	531390	$17,697	$17,697

Field	Value	IRS element (for citing)
Other Revenue Total	$37,248	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$680,388	TotalRevenueColumnAmt
Related Or Exempt Func Income	$535,267	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$121	ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,020	TotalAmt
Program Services	$1,020	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$10,510	TotalAmt
Program Services	$5,250	ProgramServicesAmt
Management And General	$5,260	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$6,224	TotalAmt
Management And General	$6,224	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,556	TotalAmt
Management And General	$3,556	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$258,768	TotalAmt
Program Services	$246,729	ProgramServicesAmt
Management And General	$12,039	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$284,139	TotalAmt
Program Services	$279,143	ProgramServicesAmt
Management And General	$4,996	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$51,197	TotalAmt
Program Services	$50,788	ProgramServicesAmt
Management And General	$409	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
PROPERTY AND RENOVATION	$177,042	$177,042
UTILITIES	$14,984	$14,835	$149
MISCELLANEOUS	$12,462	$7,312	$5,150
DEBT FORGIVENESS	$3,000		$3,000

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$822,902	TotalAmt
Program Services	$782,119	ProgramServicesAmt
Management And General	$40,783	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$206,103	BOYAmt
EOY	$96,474	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$25,000	BOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$100,304	BOYAmt
EOY	$103,124	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,472,214	BOYAmt
EOY	$1,441,113	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$82,191	BOYAmt
EOY	$79,505	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$201	BOYAmt
EOY	$201	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$8,346,364	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,351,269	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$5,232,100	BOYAmt
EOY	$4,995,095	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$7,118,113	BOYAmt
EOY	$6,715,512	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$40,463	BOYAmt
EOY	$56,042	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$628	BOYAmt
EOY	$1,026	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$45,265	BOYAmt
EOY	$42,196	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,366,279	BOYAmt
EOY	$3,203,411	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,581,591	BOYAmt
EOY	$2,567,640	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,034,226	BOYAmt
EOY	$5,870,315	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,083,887	BOYAmt
EOY	$845,197	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,083,887	BOYAmt
EOY	$845,197	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$7,118,113	BOYAmt
EOY	$6,715,512	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$142,514	ReconcilationRevenueExpnssAmt
Prior Period Adjustments	-$96,176	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$35,170	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$35,682	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$25,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$25,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$145,000	CurrentTaxYearAmt
Total	$265,852	TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$463,074	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$499,885	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$495,551	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$501,182	CurrentTaxYearMinus1YearAmt
Current Tax Year	$498,019	CurrentTaxYearAmt
Total	$2,457,711	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$498,244	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$535,567	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$520,551	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$526,182	CurrentTaxYearMinus1YearAmt
Current Tax Year	$643,019	CurrentTaxYearAmt
Total	$2,723,563	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$2,723,563	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$48,176	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$51,310	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$54,640	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$156	CurrentTaxYearMinus1YearAmt
Current Tax Year	$121	CurrentTaxYearAmt
Total	$154,403	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$48,176	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$51,310	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$54,640	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$156	CurrentTaxYearMinus1YearAmt
Current Tax Year	$121	CurrentTaxYearAmt
Total	$154,403	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$103,200	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$67,941	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$95,707	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$63,556	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,248	CurrentTaxYearAmt
Total	$367,652	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$649,620	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$654,818	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$670,898	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$589,894	CurrentTaxYearMinus1YearAmt
Current Tax Year	$680,388	CurrentTaxYearAmt
Total	$3,245,618	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.83920	PublicSupportCY509Pct
Public Support PY509	0.82370	PublicSupportPY509Pct
Investment Income CY	0.04760	InvestmentIncomeCYPct
Investment Income PY	0.06150	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$718,822	OtherCostOrOtherBasisAmt
Book Value	$718,822	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,193,271	OtherCostOrOtherBasisAmt
Depreciation	$3,043,562	DepreciationAmt
Book Value	$4,149,709	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$434,271	OtherCostOrOtherBasisAmt
Depreciation	$307,707	DepreciationAmt
Book Value	$126,564	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,995,095	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
DUE TO URBAN LEAGUE	$22,765
DEFERRED GRANT INCOME	$2,050,875
NOTE PAYABLE - RELATED PARTY	$494,000

Field	Value	IRS element (for citing)
Total Liability	$2,567,640	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, LINE 2B:	RENTERS' SECURITY DEPOSITS
PART X, LINE 2:	AS OF JUNE 30, 2025, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	PORTER G PEEPLES SR	PersonNm
Title	PRESIDENT	TitleTxt
Base Compensation Filing Org	$0	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$191,589	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$0	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$9,502	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$0	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$201,091	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE 990 IS REVIEWED BY MANAGEMENT, ANY CONCERNS ARE PURSUED FOR CLARITY WITH THE ACCOUNTING FIRM; THE 990 IS THEN SUBMITTED TO THE BOARD VIA EMAIL ATTACHMENT FOR THEIR REVIEW; AFTER BOARD REVIEW AND APPROVAL, THE 990 IS SUBMITTED TO AN AUTHORIZED OFFICER OF THE AGENCY FOR SIGNATURE BEFORE FILING; THE FEDERAL COPY IS ELECTRONICALLY FILED AND THE STATE FORM IS MAILED TO THE APPROPRIATE STATE AGENCY.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. STAFF AND BOARD MEMBERS ARE ASKED TO COMPLETE A DOCUMENT INDICATING ANY POTENTIAL CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST AND FOR PURPOSE.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HOWEVER, DUE TO COVID-19 AND RELATED ISSUES, THERE WERE DELAYS IN COMPLETING THE AUDITS FOR FISCAL YEARS ENDED JUNE 30, 2023 AND 2024. THOSE AUDITS HAVE SINCE BEEN COMPLETED. THE 2025 AUDIT IS IN-PROGRESS, BUT HAS NOT BEEN COMPLETED. HOWEVER, THE BOARD WILL APPROVE THE AUDIT ONCE COMPLETED.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
URBAN LEAGUE OF LEXINGTON FAYETTE COUNTY
148 DEWEESE ST	LEXINGTON	KY	40507	616054655	ECONOMIC DEVELOPMENT	KY	501 (C)3	LINE 7	COMMON MGT & BOARD OF DIRECTORS	0
ETL APARTMENTS INC
148 DEWEESE ST	LEXINGTON	KY	40507	611383799	LOW-INCOME APARTMENTS	KY	501 (C)3	LINE 7	COMMON MGT & BOARD OF DIRECTORS	0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd
ELM TREE LANE APARTMENT LIVING LLC
214 ELM TREE LANE	LEXINGTON	KY	40507	611378162	APARTMENT RENTALS	KY	0	0
GP RUSSELL APARTMENTS LLLP
148 DEWEESE ST	LEXINGTON	KY	40507	273327583	APARTMENT RENTALS	KY	0	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (1)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (1)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	Yes (1)	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (6 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt
URBAN LEAGUE OF LEXINGTON-FAYETTE COUNTY
E	$22,765
ELM TREE LANE APARTMENT LIVING LLC
D	$932,688
GP RUSSELL SCHOOL APARTMENTS LLLP
D	$494,000
ETL APARTMENTS INC
D	$51,300
URBAN LEAGUE OF LEXINGTON-FAYETTE COUNTY
C	$139,001
GP RUSSELL SCHOOL APARTMENTS LLLP
E	$494,000