Civic Intelligence

South Fork Retirement Center Inc

EIN 61-1308663 • 501(c)3 • Booneville, KY

Profile

The organization provides low income housing for elderly individuals under the department of housing and urban development section 8/section 202 guidelines.

PO Box 250 Highway 11 SouthBooneville, KY 41314

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.98x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

10.33x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

16th percentile

-41%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

45th percentile

-4.3%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

43rd percentile

-7.4%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Assets

Down

$392,121

Down $35,857 (-8.4%) from 2023

Liabilities

Up

$775,544

Up $12,037 (+1.6%) from 2023

Net Assets

Down

-$383,423

Down $47,894 (-14%) from 2023

Revenue

Down

$75,057

Down $12,512 (-14%) from 2023

Expenses

Up

$106,192

Up $14,111 (+15%) from 2023

Net Income

Down

-$31,135

Down $26,623 (-590%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2016: $551,240Liabilities 2016: $755,016Net Assets 2016: -$203,7762016Assets 2018: $523,330Liabilities 2018: $756,902Net Assets 2018: -$233,5722018Assets 2019: $498,994Liabilities 2019: $759,723Net Assets 2019: -$260,7292019Assets 2020: $476,431Liabilities 2020: $763,915Net Assets 2020: -$287,4842020Assets 2021: $460,144Liabilities 2021: $765,216Net Assets 2021: -$305,0722021Assets 2022: $448,479Liabilities 2022: $779,496Net Assets 2022: -$331,0172022Assets 2023: $427,978Liabilities 2023: $763,507Net Assets 2023: -$335,5292023Assets 2025: $392,121Liabilities 2025: $775,544Net Assets 2025: -$383,4232025

Highlighted filing

2025

Assets$392,121
Liabilities$775,544
Net Assets-$383,423

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2016: $62,499Expenses 2016: $74,440Net Income 2016: -$11,9412016Revenue 2018: $71,030Expenses 2018: $87,612Net Income 2018: -$16,5822018Revenue 2019: $67,010Expenses 2019: $94,167Net Income 2019: -$27,1572019Revenue 2020: $70,776Expenses 2020: $97,531Net Income 2020: -$26,7552020Revenue 2021: $77,700Expenses 2021: $95,288Net Income 2021: -$17,5882021Revenue 2022: $79,238Expenses 2022: $105,183Net Income 2022: -$25,9452022Revenue 2023: $87,569Expenses 2023: $92,081Net Income 2023: -$4,5122023Revenue 2025: $75,057Expenses 2025: $106,192Net Income 2025: -$31,1352025

Highlighted filing

2025

Revenue$75,057
Expenses$106,192
Net Income-$31,135

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 15, 2025
Return Version
2024v5.2
Gross Receipts
$75,057
Mission and Program Overview

Mission

The organization provides low income housing for elderly individuals under the department of housing and urban development section 8/section 202 guidelines.

South fork retirement center, inc. Operates housing for low-income elderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$330,067$308,952▼ $21,115
Prepaid Expenses and Deferred Charges$5,489$6,723▲ $1,234
Cash and Non-Interest-Bearing Accounts$1,654$5,403▲ $3,749
Pledges and Grants Receivable$115$659▲ $544
Total Assets$406,745$392,121▼ $14,624
Other Assets Total$69,420$70,384▲ $964
Liabilities
Mortgage Notes Payable Secured by Investment Property$748,500$748,500→ $0
Accounts Payable and Accrued Expenses$7,211$23,739▲ $16,528
Other Liabilities$2,922$3,270▲ $348
Deferred Revenue$400$35▼ $365
Total Liabilities$759,033$775,544▲ $16,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-352,288$-383,423▼ $31,135
Total Net Assets Fund Balance$-352,288$-383,423▼ $31,135
Total Liabilities and Net Assets / Fund Balance$406,745$392,121▼ $14,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$303,952$513,111$817,063
Other Land Buildings$0$19,961$19,961
Land$5,000-$5,000
Other Assets Org$66,963--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cale TurnerChairperson
Arnold WilsonDirector
Bobby SmithDirector
Amy MurraySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$40,877
Program Service Revenue
$34,148
Investment Income
$32
Other Revenue
$0
Change in Net Assets
$-31,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$75,057
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$75,057
Total Revenue per Form 990
$75,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,289
Salaries, Compensation, and Employee Benefits$21,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$37,036--$37,036
Other Salaries and Wages-$21,276-$21,276
Depreciation Depletion$21,115--$21,115
Fees for Services Management-$7,106-$7,106
Insurance$6,025--$6,025
Fees for Services Accounting-$5,376-$5,376
Office Expenses$4,859--$4,859
Advertising$2,715--$2,715
Other Employee Benefits-$627-$627
Conferences and Meetings$57--$57
Total Functional Expenses$71,807$34,385$0$106,192

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$106,192
Total Expenses per Audited Statements$106,192
Total Expenses per Form 990$106,192
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$3,270
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

South fork retirement center has a management agent agreement to manage all operations.

Form 990, Part VI, Section A, Line 8B

The organization has no committees.

Form 990, Part VI, Section B, Line 11B

The signing board member reviews the form 990 prior to its filing.

Form 990, Part VI, Section C, Line 19

The organization makes all applicable documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
South Fork Retirement Center Inc
EIN
61-1308663
Phone
6065935870
Address
PO BOX 250 HIGHWAY 11 SOUTH, BOONEVILLE, KY 41314

Signing Officer

Name
Cale Turner
Title
Chairperson
Phone
6065935870
Signed
2025-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cale Turner
Formed
1998
Legal Domicile
Ky
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Abigail Hedges CPA
Phone
3177456411
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's board of directors assumes the oversight of the audit and selection of an independent accountant. The selection and review process has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

South fork is exempt from federal and state income tax under the provisions of section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes is made in these financial statements. South fork is classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Generally accepted accounting principles in the united states require south fork to examine its tax positions for uncertain positions. South fork is not aware of any tax positions that are more likely than not to change in the next 12 months, or that would not sustain an examination by applicable taxing authorities. South fork's policy is to recognize penalties and interest as incurred in its statements of activities as a component of operating expenses, which total $0 during the years ended june 30, 2025 and 2024. South fork's federal and state informational returns are subject to examination by the applicable tax authorities, generally for three years after the later of the original or extended due date.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0303952
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0513111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0817063
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0106192
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03421
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt166963
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019961
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt075057
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SOUTH FORK IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. SOUTH FORK IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE SOUTH FORK TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. SOUTH FORK IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. SOUTH FORK'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENTS OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, WHICH TOTAL $0 DURING THE YEARS ENDED JUNE 30, 2025 AND 2024. SOUTH FORK'S FEDERAL AND STATE INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0308952
IRS990ScheduleD/TotalBookValueOtherAssetsAmt070384
IRS990ScheduleD/TotalExpensesPerForm990Amt0106192
IRS990ScheduleD/TotalLiabilityAmt03270
IRS990ScheduleD/TotalRevenuePerForm990Amt075057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt075057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0106192
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOUTH FORK RETIREMENT CENTER HAS A MANAGEMENT AGENT AGREEMENT TO MANAGE ALL OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SIGNING BOARD MEMBER REVIEWS THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL APPLICABLE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0406745
IRS990/TotalAssetsEOYAmt0392121
IRS990/TotalAssetsGrp/BOYAmt0406745
IRS990/TotalAssetsGrp/EOYAmt0392121
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt040877
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034385
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt071807
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0759033
IRS990/TotalLiabilitiesEOYAmt0775544
IRS990/TotalLiabilitiesGrp/BOYAmt0759033
IRS990/TotalLiabilitiesGrp/EOYAmt0775544
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-352288
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-383423
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt071807
IRS990/TotalProgramServiceRevenueAmt034148
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034148
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt075057
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0406745
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0392121
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 250 HIGHWAY 11 SOUTH
IRS990/USAddress/CityNm0BOONEVILLE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041314
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CALE TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06065935870
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH FORK RETIREMENT CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0611308663
ReturnHeader/Filer/PhoneNum06065935870
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 250 HIGHWAY 11 SOUTH
ReturnHeader/Filer/USAddress/CityNm0BOONEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041314
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351356555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONOVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05151 E US HWY 36
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AVON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046123
ReturnHeader/PreparerPersonGrp/PhoneNum03177456411
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ABIGAIL HEDGES CPA
ReturnHeader/ReturnTs02025-12-15T13:07:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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