NOLI CDC CORPORATION
714 North Limestone St.
LEXINGTON KY 40508-3521
Contact Information
Nonprofit NOLI CDC CORPORATION
Address 714 North Limestone St.
LEXINGTON, KY 40508 3521
Phone (859) 349-2049
Contact Name Grant Phelps
At A Glance
IRS Ruling Year 2014
Financial Summary
 
 
Statements
Mission Statement The mission of the NoLi CDC is to connect neighbors with resources and opportunity, and to create programs for equitable community development.
Background Statement

The NoLi CDC was founded in 2013 in persuit of a grant proposal from ArtPlace America, a national organization that focuses on the Creative Placemaking field. This grant was for the NoLi CDC’s banner project the LuigART Makers Spaces, and was developed in partnership with the LexArts, Blue Grass Community Foundation, the Lexington Downtown Development Authority, and the Office of the Mayor. The CDC received an award of $425,000 from ArtPlace America to develop 40 shotgun houses in the North Limestone Corridor into affordable housing units to be sold to community residents, artists, makers, and entrepreneur. This funding helped boost the CDC and get the organization up and running.

Impact Statement
In the past year, we have brought over $1,000,000 of grant-based investment into the North Limestone neighborhood focusing on housing, the environment, and programming. We have received multiple nationally-competitive grants, and have utilized this funding to being to create long-term growth strategies based on community feedback. We have brought new economy to the businesses, organizations, and entrepreneur in the North Limestone Corridor through our Night Market Program.
 
In 2016, we built 8 units of affordable housing online and have started building our second phase to include 9 more housing units, conducted a neighborhood-wide Water Quality improvement program, finish our Cultural Planning efforts, and facilitate the establishment of new businesses and organizations by residents of our community. 
Needs Statement The NoLi CDC is currently looking for assistance in capital for construction of the LuigART Makers Spaces. In addition, we are seeking funding for operations, and volunteers for various programs.
Service Categories
Secondary Organization Category Arts,Culture & Humanities / Community Celebrations
Tertiary Organization Category Environment /
Geographic Areas Served
Areas
Kentucky
We serve the North Limestone Corridor and North Limestone Neigborhood in Lexington, KY.
Impact Questions
GoalsHelpWhat is the organization aiming to accomplish? This is the organization's ultimate goal for intended impact. NoLi CDC is aiming to enhance the North End of Lexington by connecting neighbors with resources and opportunities to help them grow a stronger community.
Board Chair
Board Chair Griffin VanMeter
Company Affiliation Kentucky for Kentucky LLC
Term 2013 to Jan 2016
Board Members
NameAffiliationStatus
Price Bell Nicoma BloodstockVoting
Councilman James Brown LFUCGNonVoting
Matthew Clarke SHOP Architects
Hendrick Floyd Community VolunteerVoting
Johan Graham Community VolunteerVoting
Kim Green Community Volunteer
Erin Hathaway Great Ecology
Shayla Johnson Community VolunteerVoting
Jodie Koch Community Volunteer
Shirrod Le'Det NoLi area Church Assoc. PastorVoting
Price Nicol Community Volunteer
Travis Robinson community volunteerVoting
Fausto Sarmiento UK Small Business Development Center
Griffin VanMeter Bullhorn CreativeVoting
Crystal Wilkinson NoLi Business OwnerVoting
Board Demographics - Ethnicity
African American/Black 5
Asian American/Pacific Islander 0
Caucasian 9
Hispanic/Latino 1
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 10
Female 5
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 75%
Written Board Selection Criteria? Under Development
Written Conflict of Interest Policy? Under Development
Percentage Making Monetary Contributions 100%
Number of Full Board Meetings Annually 12
CEO/Executive Director
Executive Director Grant Phelps
Term Start July 2016
Email grant@nolicdc.com
Staff
Full Time Staff 4
Part Time Staff 0
Volunteers 3
Contractors 0
Retention Rate 100%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 3
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 2
Female 2
Unspecified 0
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
NonManagement Formal Evaluation Yes
Non Management Formal Evaluation Frequency Annually
Description

Winner of a $425,000 grant proposal from ArtPlace America, this project is designed to rehabilitate the North Limestone neighborhood’s historic workforce housing, and prepare it for the 21st Century economy.

The LuigART Makers Spaces addresses all of the NoLi CDC’s livability strategies. It develops housing affordability through the Housing Initiative, coordinates cultural programming through residency programs and facilitating live/work space, grows economic vibrancy and increases access to social services through equity programs, and addresses threats to neighborhood historical resources by saving and rehabilitating the fabric of the neighborhood since it was developed at the turn of the 20th century. Through promoting homeownership, intentional programming based on the neighborhood’s historical context, and public safety by design principles, we hope the LuigART Makers Spaces will serve as a reference point for both for-profit and nonprofit developers in Lexington’s Northside.

Budget 330000
Category Housing, General/Other Affordable Housing
Population Served General/Unspecified, ,
Description

The Night Market is a monthly pop-up street festival that occurs on the corner of North Limestone St. and Loudon Ave. A publicity platform for neighborhood businesses, the Night Market also highlights our neighborhood’s creativity and brings people from all over Lexington together. The market itself features booths with local artists, makers, businesses, and non-profits, and the street is transformed through lighting, street trees, and vendor booths.

The Night Market coordinates cultural programming by raising awareness of cultural organizations and artists in the neighborhood, it grows economic vibrancy by supporting the neighborhoods businesses and promoting new business development, it increases access to social services by creating a free platform for social service organizations to promote themselves, and enhances public space by providing a free, safe, and beautiful gathering spaces for the community.

Budget 25000
Category Community Development, General/Other Neighborhood Revitalization
Population Served General/Unspecified, ,
Description

The plan will see the design and construction of a rain garden in Castlewood Park that will address stormwater runoff from the Loudon House. This area was identified as an essential stormwater project in the LFUCG funded stormwater feasibility study in 2012. The primary function of the rain garden will be to use amended soils and native Kentucky plants to slow stormwater runoff, filter non-point source pollutants and recharge groundwater supplies. The secondary function of the rain garden will be to develop a unique facility to support community education, awareness and engagement for stormwater related efforts. Anoth- er aspect of the plan would plant 120 street trees throughout the neighborhood. This plan would bring 100 rain barrels into our neighborhood at no cost to the community, while educating residents on the value of rain barrels, and how to install them. 

Budget 94000
Category Environment, General/Other Water Pollution Control
Population Served , ,
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Under Development
Years Strategic Plan Considers N/A
Management Succession Plan? Under Development
Organization Policy and Procedures Under Development
Nondiscrimination Policy Under Development
Whistleblower Policy Yes
Document Destruction Policy No
Government Licenses
Is your organization licensed by the Government? No
Fiscal Year
Fiscal Year Start Jan 01, 2016
Fiscal Year End Dec 31, 2016
Projected Revenue $210,000.00
Projected Expenses $150,000.00
Endowment Value $2,500.00
Spending Policy N/A
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$164,978$2,500$0
Federal------
State------
Local------
Unspecified$164,978$2,500--
Individual Contributions$687,251$21,582$425,000
--$0--
$86,162$36,301$8,755
Investment Income, Net of Losses--$0--
Membership Dues--$0--
Special Events--$0--
Revenue In-Kind--$0--
Other--$0--
Expense Allocation
Fiscal Year201520142013
Program Expense$230,705$47,618$12,168
Administration Expense$22,978$122,540$38,993
Fundraising Expense--$0--
Payments to Affiliates------
Total Revenue/Total Expenses3.700.358.49
Program Expense/Total Expenses91%28%24%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$12,534,415$368,267$430,030
Current Assets$833,265($48)$177,323
Long-Term Liabilities$232,920$94,606$46,594
Current Liabilities--$0--
Total Net Assets$961,008$273,661$383,436
Form 990s
2015 990 2015
2014 Form 990
2013 990 2013
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose To raise construction capital for the LuigART Makers Spaces
State Registration Yes
Address 714 North Limestone St.
LEXINGTON, KY 405083521
Primary Phone 859 349-2049
Contact Email info@nolicdc.com
CEO/Executive Director Grant Phelps
Board Chair Griffin VanMeter
Board Chair Company Affiliation Kentucky for Kentucky LLC