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← KNOTT COUNTY REAL PROPERTIES INC

Form 990 for tax year 2025

Filed by KNOTT COUNTY REAL PROPERTIES INC.

Totals

Total revenue
$334,338
Total expenses
$372,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$334,338
Total assets, end of year
$7,141,142
Total liabilities, end of year
$6,874,729
Net assets or fund balances, end of year
$266,413
Program services expenses (Part IX)
$372,350
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$372,350

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 6a · Gross rents

    real property $334,338

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $334,338

  • 6d · Net rental income or loss

    total $334,338 · related or exempt $334,338

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $58,158 · program services $58,158

  • 11c · Fees: accounting

    total $19,450 · program services $19,450

  • 20 · Interest

    total $96,863 · program services $96,863

  • 22 · Depreciation, depletion and amortization

    total $197,649 · program services $197,649

  • 24e · All other expenses

    total $230 · program services $230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,207 · end of year $306,207

  • 2 · Savings and temporary cash investments

    beginning of year $123,766 · end of year $149,872

  • 4 · Accounts receivable

    beginning of year $29,340

  • 9 · Prepaid expenses and deferred charges

    beginning of year $761,588 · end of year $978,506

  • 10a · Land, buildings and equipment: cost or other basis

    $6,552,260

  • 10b · Land, buildings and equipment: accumulated depreciation

    $845,703

  • 10c · Land, buildings and equipment, net

    beginning of year $5,882,833 · end of year $5,706,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $701,074 · end of year $726,732

  • 19 · Deferred revenue

    end of year $28,389

  • 23 · Secured mortgages and notes payable

    beginning of year $6,098,235 · end of year $6,119,608

  • 27 · Net assets without donor restrictions

    beginning of year $304,425 · end of year $266,413

Mission and programs · 2025

Mission

TO UPHOLD THE MISSION AND SERVE THE BEST INTERESTS IN REAL PROPERTY FOR LKLP CAC, INC

Activities or mission (Part I)

KNOTT COUNTY REAL PROPERTIES WAS ORGANIZED TO MANAGE REAL PROPERTY FOR THE BENEFIT OF LKLP COMMUNITY ACTION COUNCIL, INC.

  • THE ORGANIZATION'S MAIN ACCOMPLISHMENT IS HOLDING REAL PROPERTY AND SERVING THE BEST INTERESTS OF LKLP CAC, INC.

    Expenses $372,350 · Revenue $334,338

As filed on the 2025 return.

Listed in Part VII

  • Corbett Mullins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Walter Nixon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dale Richardson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tawny R Acker

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
3 August 2026
IRS schema version
2025v4.2
Source object
202602159349300325

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