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Nonprofiteer
← TRI-COUNTY DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by TRI-COUNTY DEVELOPMENT CORP.

Totals

Total revenue
$102,667
Total expenses
$493,760
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$102,667
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,054,913
Total liabilities, end of year
$7,149,971
Net assets or fund balances, end of year
-$1,095,058
Program services expenses (Part IX)
$370,244
Management and general expenses
$123,516
Fundraising expenses
$0
Program service expenses (Part III)
$370,244

Program services were 75.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $102,667 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,975 · program services $0 · management and general $1,975 · fundraising $0

  • 13 · Office expenses

    total $80,163 · program services $64,130 · management and general $16,033 · fundraising $0

  • 16 · Occupancy

    total $83,670 · program services $66,936 · management and general $16,734 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $327,952 · program services $239,178 · management and general $88,774 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,005 · end of year $526,422

  • 4 · Accounts receivable

    beginning of year $24,875 · end of year $30,042

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

    $6,634,259

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

    $1,135,810

  • 10c · Land, buildings and equipment, net

    beginning of year $5,826,402 · end of year $5,498,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,524 · end of year $250,848

  • 19 · Deferred revenue

    beginning of year $26,025 · end of year $26,025

  • 23 · Secured mortgages and notes payable

    beginning of year $6,861,698 · end of year $6,873,098

  • 27 · Net assets without donor restrictions

    beginning of year -$703,965 · end of year -$1,095,058

Mission and programs · 2024

Mission

THE ORGANIZATION CARRIES OUT ITS EXEMPT PURPOSE BY SERVING AS A SUPPORT ORGANIZATION TO HARDIN COUNTY REGIONAL HEALTH CENTER, INC, A 501(c)(3) ORGANIZATION.

  • TO PROVIDE SUPPORT AND CLINIC SPACE FOR HARDIN COUNTY REGIONAL HEALTH CENTER, INC. TO CARRY OUT ITS TAX-EXEMPT PURPOSE.

    Expenses $370,244 · Revenue $102,667

As filed on the 2024 return.

Listed in Part VII

  • Rebecca Wright

    PRESIDENT/CEO

    Total calculated
    $128,701
    From this org
    $0
    From related orgs
    $120,288
    Other
    $8,413
    Hours/week
    1

  • Lisa Shackelford Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Catherine Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
25 March 2025
IRS schema version
2024v5.1
Source object
202510849349301481

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