KCDC OPPORTUNITY ZONE FUND

Now Open To Investors

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The KCDC Mission & Vision

KCDC Opportunity Zone Fund seeks to strengthen our communities by assisting at-risk youth, disadvantaged families and Seniors to become positive and contributing members of society thereby enhancing their dignity and quality of life and enabling them to reach their full potential.

We will develop and initiate programs in our community in three principal areas: leadership development, career awareness and mentoring. With emphasis on self-motivation, discipline, responsibility, common sense, and self-respect. We hope to help young adults and provide a safe environment for Seniors.

Green Net Zero, Mixed-Use SENIOR Housing Development

Our objective is to build-out a Green Net Zero Carbon Emissions footprint utilizing Cutting Edge Techno Solutions (CETS) as our preferred developer within a Qualified Opportunity Zone, creating radical tax breaks and incentives for our potential investors.

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KEY OZ FUND BENEFITS

Permanent Exclusion of Taxable Income on New Gains

A key benefit of Opportunity Zones is investments held for at least 10 years, investors pay no taxes on any capital gains produced through their investment in Opportunity Funds.

Temporary Tax Deferral on Previously Earned Capital Gains

Investors can place existing assets with accumulated capital gains into Opportunity Funds and they’re not taxed until the end of 2026 or when the asset is disposed of.

OPPORTUNITY ZONE FAQs

12% of US census tracts are Opportunity Zones (8,762 tracts). which were officially designated by the US Department of the Treasury. The designated zones have lower incomes and higher poverty rates.

Opportunity zones are currently being designated by the governors of each state. Each state may designate 25% of the eligible census tracts in their state. As of right now, all 50 states and Puerto Rico have submitted and have been approved for designated Opportunity Zones.

No. Opportunity zones must meet certain criteria to qualify. Census tracts with over 20% poverty and median family income no greater than 80% of the area medium will qualify. There are also contiguous zones, which are census tracts that are adjacent to a designated opportunity zone, and also do not exceed 125% of the median family income of that same opportunity zone.

Individuals who are realizing a capital gain across all asset classes can invest those monies on a tax deferred basis, as long their gain is invested in a qualified opportunity fund within 180 days of the sale or exchange. The process is very easy. Agree to subscription agreement, transfer funds, receive stock certificate and tax statement. The whole process is usually completed within 48 to 72 hours.  In certain situations where an individual is facing the expiration of the 180 day window we can expedite the process to same day.  Ordinary income investors may also participate with different benefits; however capital designated as ordinary will not receive the 10-year tax free return nor the 5-year deferment.

Yes. This is a mixed use fund that can accommodate a range of investor profiles. Investment may come from both ordinary income as well as capital gains.  However, if the investor uses capital gains they must be invested in qualified opportunity funds that have 90% of their assets invested in qualified opportunity zones. Non capital gain money can be invested into opportunity funds however there would not be a step up in tax basis benefits for earnings of non capital gain money.

All capital gains on the sale or or exchange of any property to an unrelated party invested within 180 days are eligible for the tax benefits.

The minimum investment into the fund is $150,000.

The Fund is qualified opportunity stock meaning you are investing in the entire interest of the fund and its holdings including any and all portfolio companies within and outside of Opportunity Zones.

There is a subscription agreement that is signed by the investor and a wire transfer agreement. This is then followed by an execution of the Operating Agreement with a wire transfer into the Qualified Opportunity Fund account.

If using capital gains, investors have 180 days to invest realized gains.

Investments made by the Fund are made within Opportunity Zones. While all the care is taken to ensure sufficient due diligence is done prior to investment, these investments are subject to risks. Startups can have a high success rate but these also come with intrinsic risks associated with markets & other factors.

KCDC OZ Fund

MEET THE FUND MANAGER

Larry Chenault

During the more than 40 years of experience in business, Larry has served in various positions of managerial & fiscal responsibility as a COO, CEO, President and Board Chair. After graduating with a BA in Business Administration from Tennessee State University and a master’s degree in Business Administration from Rutgers University, he served as the Senior Budget Examiner for the City of Newark, New Jersey. At that time, he analyzed the components and final draft of Newark’s $200 million budget. He reviewed and appraised the validity of department budget requests, line transfers and emergency appropriations.

Next, Larry served as the Financial Analyst for Cross Country Cable in Bound Brook, New Jersey. During that time, he prepared five and ten-year financial projections for the company as well as participated in the research and development of statistics for cities targeted for new business. He reviewed and analyzed budget requests and prepared fiscal reports for new and current accounts as well as business ventures. In addition, he was the Financial Analyst for Eastern Records of Orange, New Jersey.

Larry Chenault served as the Comptroller for the Paterson Task Force for the City of Paterson, New Jersey during which he managed all fiscal responsibilities, managed a small accounting and bookkeeping staff, developed budgets for agency proposals and approved expenditures for this federally funded program. He moved on to becoming the Capital Cost Control Accountant for Nabisco Brands, Inc. while the company was located in Parsippany, New Jersey. During his tenure with Nabisco, Larry prepared, tracked and monitored financial reports on capital asset projects for the Engineering Department. He also developed capital and expense reports prepared acceptance reports for payments to vendors.

Chenault has worked for the United States Army from 1989-1996. He managed and analyzed various programs as assigned and tracks expenditures and appropriations relating to various military related projects. In 1989, this adept entrepreneur began offering independent financial and budgeting consultant services.

In addition to his fiscal responsibilities, Larry, a Fifth Degree Black Belt, for over 40 years owned his Taekwondo martial arts school managing five employees. Chenault captured a Silver Medal in the Middleweight Division of the 1993 National Taekwondo Championships and trained 7 other National Champions.

HE IS A MEMBER OF THE TAEKWONDO HALL OF FAME as an instructor: http://www.lacancha.com/greatest.html. His martial arts expertise has enabled him to compete, judge and become acquainted with some of the leading martial artists in the world. He worked with Joe Clark (Past principal for Paterson Eastside) as a Martial arts Instructor at Joe’s community center in Newark, NJ. Joe Clark is also the subject of the 1989 film “Lean on Me”, starring Morgan Freeman.

Larry is currently and has provided consultation to Wayne Slappy, CEO of Harambee Productions since 1980. Wayne began producing plays in 1984. Wayne moved to L.A. to begin producing films in 1994. Larry’s expertise has been an invaluable asset in this process. He has provided community service as a Member of Kappa Alpha Psi Fraternity Inc. through Alpha Theta (Tennessee State Univ.) from 1970 – 1974 and as a National Life Member in New Jersey 1974 – present and as a current member of Burlington-Camden Alumni Chapter in New Jersey, 2010 – present. Larry Chenault was the Managing Partner of Chenault’s Taekwondo LLC (CTKD), which had been located in and around Randolph, New Jersey since 1985-2007.

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KCDC Opportunity Zone Fund

Phone:  (973) 970-5696

Email:  [email protected]

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DISCLAIMER: Articles featured on this page are for informational purposes only. This is not an offer to sell nor a solicitation to buy KCDC Opportunity Zone Fund. That can only be done by our current Confidential Private Placement Memorandum (“CPPM”). Securities offered by KCDC Opportunity Zone Fund. For accredited Investors only. Limited liquidity. The shares being sold in this offering have not been approved or disapproved by the Securities and Exchange Commission or any state’s securities division. Nor has the Securities and Exchange Commission or any state securities department passed upon the accuracy or adequacy of the CPPM or the disclosures provided therein. Any representation to the contrary is a criminal offense. The content in this website is for general information purposes only. The information is provided by the Fund and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is strictly at your own risk. 

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