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Nonprofiteer
← TRI-COUNTY DEVELOPMENT CORP

Form 990 for tax year 2025

Filed by TRI-COUNTY DEVELOPMENT CORP.

Totals

Total revenue
$97,500
Total expenses
$462,476
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$97,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,703,332
Total liabilities, end of year
$7,163,366
Net assets or fund balances, end of year
-$1,460,034
Program services expenses (Part IX)
$345,201
Management and general expenses
$117,275
Fundraising expenses
$0
Program service expenses (Part III)
$345,201

Program services were 74.6% 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 $97,500 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,995 · program services $0 · management and general $1,995 · fundraising $0

  • 13 · Office expenses

    total $48,859 · program services $39,087 · management and general $9,772 · 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 $526,422 · end of year $502,793

  • 4 · Accounts receivable

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

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

    $6,634,259

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

    $1,463,762

  • 10c · Land, buildings and equipment, net

    beginning of year $5,498,449 · end of year $5,170,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $250,848 · end of year $252,843

  • 19 · Deferred revenue

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

  • 23 · Secured mortgages and notes payable

    beginning of year $6,873,098 · end of year $6,884,498

  • 27 · Net assets without donor restrictions

    beginning of year -$1,095,058 · end of year -$1,460,034

Mission and programs · 2025

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 $345,201 · Revenue $97,500

As filed on the 2025 return.

Listed in Part VII

  • REBECCA WRIGHT

    PRESIDENT/CEO

    Total calculated
    $272,215
    From this org
    $0
    From related orgs
    $257,174
    Other
    $15,041
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $257,174
    Bonus
    $0
    Other
    $0
    Deferred
    $12,443
    Nontaxable benefits
    $2,598
    Filer's total
    $272,215

  • 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
13 April 2026
IRS schema version
2025v4.1
Source object
202601039349301510

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