South Fork Housing Inc
- Assets
- $186.5k
- Revenue
- $76.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Booneville, KY
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 61-1334586
Organization Overview
South Fork Housing Inc is located in Booneville, KY. The organization was established in 1999. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Fork Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, South Fork Housing Inc generated $76.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $93.9k during the year ending 12/2023. While expenses have increased by 13.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Bishop Chairperson | 1 | $0 | |
Amy Murray Secretary | 1 | $0 | |
Cale Turner Vice Chairperson | 1 | $0 | |
Charles Long Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,213 |
| Total Revenue | $76,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $18,507 |
| Pension plans, employee benefits | $0 |
| Interest | $6,533 |
| Taxes | $30 |
| Depreciation | $10,009 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,802 |
| Total operating and administrative expenses | $93,881 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $93,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,374 |
| Savings and temporary cash investments | $5,017 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,156 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $161,430 |
| Other assets | $16,553 |
| Total assets | $186,530 |
| Accounts payable and accrued expenses | $4,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $480,831 |
| Other liabilities | $111,335 |
| Total liabilities | $596,581 |