South Fork Housing Inc
EIN: 611334586 · Booneville, KY · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $94K |
| Net Assets | $-410,051 |
Is South Fork Housing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Fork Housing Inc
South Fork Housing Inc (EIN: 611334586) is a nonprofit organization based in Booneville, KY, classified under NTEE code L21. The organization reported total revenue of $75K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Fork Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Fork Housing Inc is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $94K |
| Surplus / Deficit | $-17,668 |
| Total Assets | $187K |
| Total Liabilities | $597K |
| Net Assets | $-410,051 |
| Operating Margin | -23.2% |
| Debt-to-Asset Ratio | 319.8% |
| Months of Reserves | 23.8 months |
Financial Health Grade: C
In 2023, South Fork Housing Inc reported a deficit of $18K with expenses exceeding revenue, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 319.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +7.0% | -9.0% |
| 2022 | +4.5% | -2.4% | -5.9% |
| 2021 | -4.5% | +24.8% | -4.3% |
| 2020 | +10.9% | -3.8% | -0.9% |
| 2019 | +184.4% | +153.2% | -17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Fork Housing Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Fork Housing Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 319.8%.
Frequently Asked Questions about South Fork Housing Inc
Is South Fork Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Fork Housing Inc (EIN: 611334586) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Fork Housing Inc spend its money?
Detailed spending breakdown data is not yet available for South Fork Housing Inc. Check back for updated IRS 990 analysis.
Are donations to South Fork Housing Inc tax-deductible?
South Fork Housing Inc is registered as a tax-exempt nonprofit (EIN: 611334586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Fork Housing Inc located?
South Fork Housing Inc is headquartered in Booneville, Kentucky and files with the IRS under EIN 611334586. It is classified under NTEE code L21.
How many years of IRS 990 filings does South Fork Housing Inc have?
South Fork Housing Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $75K in total revenue.
Filing History
IRS 990 filing history for South Fork Housing Inc showing financial trends over 10 years of public records:
Total assets increased by 173.2% over the same period, from $68K to $187K. In its most recent filing year (2023), South Fork Housing Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $597K in liabilities against $187K in assets (debt-to-asset ratio: 319.8%), resulting in net assets of $-410,051.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $94K | $187K | $597K | — | — |
| 2022 | $74K | $88K | $205K | $597K | — | View 990 |
| 2021 | $71K | $90K | $218K | $596K | — | — |
| 2020 | $74K | $72K | $228K | $587K | — | — |
| 2019 | $67K | $75K | $230K | $590K | — | View 990 |
| 2015 | $23K | $30K | $279K | $560K | — | View 990 |
| 2014 | $-60,695 | $0 | $199K | $0 | — | View 990 |
| 2013 | $-14,149 | $0 | $68K | $0 | — | View 990 |
| 2012 | $-40,485 | $0 | $68K | $0 | — | View 990 |
| 2011 | $-6 | $0 | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $94K, and assets of $187K (revenue +3.5% year-over-year).
- 2022: Revenue of $74K, expenses of $88K, and assets of $205K (revenue +4.5% year-over-year).
- 2021: Revenue of $71K, expenses of $90K, and assets of $218K (revenue -4.5% year-over-year).
- 2020: Revenue of $74K, expenses of $72K, and assets of $228K (revenue +10.9% year-over-year).
- 2019: Revenue of $67K, expenses of $75K, and assets of $230K (revenue +184.4% year-over-year).
- 2015: Revenue of $23K, expenses of $30K, and assets of $279K.
- 2014: Revenue of $-60,695, expenses of $0, and assets of $199K.
- 2013: Revenue of $-14,149, expenses of $0, and assets of $68K.
- 2012: Revenue of $-40,485, expenses of $0, and assets of $68K.
- 2011: Revenue of $-6, expenses of $0, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Fork Housing Inc:
Data Sources and Methodology
This transparency report for South Fork Housing Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.