Lake Cumberland Housing Development Company
EIN: 311121045 · Jamestown, KY · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $293K |
| Net Assets | $-370,526 |
Is Lake Cumberland Housing Development Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Cumberland Housing Development Company
Lake Cumberland Housing Development Company (EIN: 311121045) is a nonprofit organization based in Jamestown, KY, classified under NTEE code L22Z. The organization reported total revenue of $292K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Cumberland Housing Development Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Cumberland Housing Development Company is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $293K |
| Surplus / Deficit | $-18,357 |
| Total Assets | $495K |
| Total Liabilities | $866K |
| Net Assets | $-370,526 |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 174.8% |
| Months of Reserves | 20.2 months |
Financial Health Grade: C
In 2024, Lake Cumberland Housing Development Company reported a deficit of $18K with expenses exceeding revenue, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 174.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Lake Cumberland Housing Development Company's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.1% | -5.3% | -8.9% |
| 2023 | +1.5% | +13.4% | -14.2% |
| 2022 | +8.2% | +0.7% | +2.2% |
| 2021 | +0.5% | +13.6% | -6.4% |
| 2020 | +6.6% | -1.9% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Cumberland Housing Development Company has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Cumberland Housing Development Company with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 174.8%.
Frequently Asked Questions about Lake Cumberland Housing Development Company
Is Lake Cumberland Housing Development Company a legitimate charity?
Lake Cumberland Housing Development Company (EIN: 311121045) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $292K. No red flags identified. Financial health grade: C.
How does Lake Cumberland Housing Development Company spend its money?
Lake Cumberland Housing Development Company reported $292K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lake Cumberland Housing Development Company tax-deductible?
Lake Cumberland Housing Development Company is registered as a tax-exempt nonprofit (EIN: 311121045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Cumberland Housing Development Company located?
Lake Cumberland Housing Development Company is headquartered in Jamestown, Kentucky and files with the IRS under EIN 311121045. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Lake Cumberland Housing Development Company have?
Lake Cumberland Housing Development Company has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $292K in total revenue.
Filing History
IRS 990 filing history for Lake Cumberland Housing Development Company showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lake Cumberland Housing Development Company's revenue has grown by 42.6%, moving from $193K to $275K. Total assets decreased by 37.1% over the same period, from $787K to $495K. Total functional expenses rose by 28.6%, from $228K to $293K. In its most recent filing year (2024), Lake Cumberland Housing Development Company reported a deficit of $18K, with expenses exceeding revenue. The organization holds $866K in liabilities against $495K in assets (debt-to-asset ratio: 174.8%), resulting in net assets of $-370,526.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $275K | $293K | $495K | $866K | — | — |
| 2023 | $278K | $310K | $543K | $895K | — | View 990 |
| 2022 | $274K | $273K | $633K | $954K | — | View 990 |
| 2021 | $253K | $271K | $619K | $941K | — | View 990 |
| 2020 | $252K | $239K | $662K | $965K | — | View 990 |
| 2019 | $236K | $243K | $681K | $998K | — | View 990 |
| 2018 | $240K | $218K | $694K | $1.0M | — | View 990 |
| 2017 | $208K | $227K | $704K | $1.0M | — | View 990 |
| 2016 | $229K | $220K | $731K | $1.0M | — | View 990 |
| 2015 | $196K | $201K | $728K | $1.0M | — | View 990 |
| 2014 | $189K | $203K | $749K | $1.1M | — | View 990 |
| 2013 | $221K | $210K | $778K | $1.1M | — | View 990 |
| 2012 | $212K | $208K | $777K | $1.1M | — | View 990 |
| 2011 | $193K | $228K | $787K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $275K, expenses of $293K, and assets of $495K (revenue -1.1% year-over-year).
- 2023: Revenue of $278K, expenses of $310K, and assets of $543K (revenue +1.5% year-over-year).
- 2022: Revenue of $274K, expenses of $273K, and assets of $633K (revenue +8.2% year-over-year).
- 2021: Revenue of $253K, expenses of $271K, and assets of $619K (revenue +0.5% year-over-year).
- 2020: Revenue of $252K, expenses of $239K, and assets of $662K (revenue +6.6% year-over-year).
- 2019: Revenue of $236K, expenses of $243K, and assets of $681K (revenue -1.4% year-over-year).
- 2018: Revenue of $240K, expenses of $218K, and assets of $694K (revenue +15.2% year-over-year).
- 2017: Revenue of $208K, expenses of $227K, and assets of $704K (revenue -9.1% year-over-year).
- 2016: Revenue of $229K, expenses of $220K, and assets of $731K (revenue +16.6% year-over-year).
- 2015: Revenue of $196K, expenses of $201K, and assets of $728K (revenue +3.9% year-over-year).
- 2014: Revenue of $189K, expenses of $203K, and assets of $749K (revenue -14.4% year-over-year).
- 2013: Revenue of $221K, expenses of $210K, and assets of $778K (revenue +4.1% year-over-year).
- 2012: Revenue of $212K, expenses of $208K, and assets of $777K (revenue +10.0% year-over-year).
- 2011: Revenue of $193K, expenses of $228K, and assets of $787K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Cumberland Housing Development Company:
Data Sources and Methodology
This transparency report for Lake Cumberland Housing Development Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.