Noli Cdc Corporation
- Assets
- $692.0k
- Revenue
- $238.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Lexington, KY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-2090782
Organization Overview
Noli Cdc Corporation is located in Lexington, KY. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Noli Cdc Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noli Cdc Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Noli Cdc Corporation generated $238.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $419.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH LIMESTONE COMMUNITY DEVELOPMENT CORPORATION IS A NON-PROFIT ORGANIZATION WORKING ON THE LIVABILITY OF THE NORTH LIMESTONE CORRIDOR. WE TIE OUR PROJECTS TO LIVABILITY THROUGH OUR 3 PROGRAMMING TENANTS: 1) AFFORDABLE HOUSING; 2) ECONOMIC DEVELOPMENT; 3) COMMUNITY & CULTURAL INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUIGART MAKERS SPACES - THE LUIGART MAKERS SPACES IS AN AFFORDABLE HOMEOWNERSHIP PROGRAM THAT WILL REHABILITATE THE NORTH LIMESTONE NEIGHBORHOOD'S HISTORIC WORKFORCE HOUSING, AND PREPARE RESIDENTS FOR HOMEOWNERSHIP THROUGH FINANCIAL LITERACY AND EQUITY PROGRAMS.
NIGHT MARKET - THE NIGHT MARKET IS A MONTHLY POP-UP STREET FESTIVAL THAT IS A PLATFORM FOR NEIGHBORHOOD BUSINESSES; THE MARKET HIGHLIGHTS OUR NEIGHBORHOOD'S CREATIVITY AND BRINGS PEOPLE TOGETHER FROM ALL OVER LEXINGTON.
NORTH LIMESTONE CULTURAL PLAN - THE NORTH LIMESTONE CULTURAL PLAN IS A PLANNING PROCESS THAT WILL ENGAGE THE RESIDENTS OF OUR NEIGHBORHOOD TO IDENTIFY PUBLIC SPACE NEEDS AND VISIONS, BARRIERS TO ARTS AND CULTURAL ACCESS, AND GUIDE THE DIRECTION OF CULTURAL AND COMMUNITY DEVELOPMENT IN OUR NEIGHBORHOOD.
SUSTAINABILITY WORK - OUR ENVIRONMENTAL WORK SEEKS TO MEEDIATE THE STORMWATER ISSUES IN OUR COMMUNITY, AND PROVIDE ACCESS TO PUBLIC SPACE. PROJECTS INCLUDE THE NORTH POLE COMMUNITY GARDEN, WATERWORKS PARK, DISTRIBUTION OF FREE RAIN BARRELS, AND THE PLANTING OF OVER 150 STREET TREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Brown 1st District Council Membe | OfficerTrustee | 1 | $0 |
Brandy Davis Chair | OfficerTrustee | 1 | $0 |
Kim Green Director | OfficerTrustee | 1 | $0 |
Archie Turner Director | Trustee | 1 | $0 |
Theodore Ware Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,490 |
| Total Program Service Revenue | $0 |
| Investment income | $181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,468 |
| Net Gain/Loss on Asset Sales | $7,142 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,001 |
| Payroll taxes | $13,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,825 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,553 |
| Office expenses | $13,346 |
| Information technology | $1,024 |
| Royalties | $0 |
| Occupancy | $27,931 |
| Travel | $723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,712 |
| Insurance | $8,068 |
| All other expenses | $2,977 |
| Total functional expenses | $419,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $176,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $419,908 |
| Total assets | $691,968 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $131,015 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $131,015 |
| Net assets without donor restrictions | $560,953 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $691,968 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Noli Cdc Corporation has recieved totaling $117,534.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: OPERATING SUPPORT TO BOLSTER NORTH LIMESTONE COMMUNITY DEVELOPMENT CORPORATIONS CREATIVE PLACEMAKING ACTIVITIES AND OFFSET EXPENSES RELATED TO PARTICIPATION IN KRESGES BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE. | $50,000 |
Reinvestment Fund Inc Philadelphia, PA PURPOSE: FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS | $42,490 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |