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Shepherd Place INC FY2024 filing

Tax-deductible

Lexington, KY501(c)(3)Since 1991Human ServicesEIN 61-1201320Revenue $153K in FY2024

On file with the IRS710 W High St, 40508-2451 · Lexington, KYTax-exempt since Feb 1996Publicly supported — 509(a)(2)

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To provide elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs, and to promote their health, security, happiness and usefulness in longer living, the charges for such facilities and services to be predicated upon the provision, maintenance and operation thereof on a nonprofit basis.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $18K a year · 13% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
362% of total assets
Concern: liabilities are 362% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$153K
+13% vs prior year
Spent
$174K
To programs
63%
Net assets
−$786K
By yearFY2020–FY2025
Revenue
$153K
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$126K
FY2022$127K
FY2023$135K
FY2024$153K
FY2025$160K
Expenses
$174K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$125K
FY2021$135K
FY2022$149K
FY2023$171K
FY2024$174K
FY2025$168K
Net assets
−$786K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$699K
FY2021−$708K
FY2022−$729K
FY2023−$765K
FY2024−$786K
FY2025−$794K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $109K Management & general 37% · $65K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Caci Hisle
Vice Chair
$0Pt VII · Sec A
Michele Lee
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Richard Heine
Assistant Treasurer
$0Pt VII · Sec A
Art Crosby
Board Member
$0Pt VII · Sec A
Connie Godfrey
Board Member
$0Pt VII · Sec A
Debbie Link
Board Member
$0Pt VII · Sec A
See Shepherd Place INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for elderly and handicapped individuals in Carlisle, Kentucky.

Questions for Shepherd Place INC

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Provided by the organization

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1 program · $109K · in their own filed words · FY2023
01

Shepherd place is a subsidized apartment complex for low-income persons 55 and older. Rent is based on income and certain expenses such as prescriptions. Shepherd place has 20 units. During fiscal year 2023 the project served 22 individuals.

$109Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$153K
Ln 12
Gifts and grantsLn 1h$81K
Fees for servicesLn 2g$69K
Other incomeLn 4–11$2K
Money outPt IX
$174K
Ln 25
Programscol B$109K
Managementcol C$65K
Owns and owesPt X
−$786K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$300K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81K
Government grantsLn 1e$81K
Fees for servicesLn 2g$69K
Investment incomeLn 3$21
Other incomeLn 4–11$2K
Total revenueLn 12$153K
Assets in detailPt X, end of year
SavingsLn 2$18K
Cash and savings togetherLn 1–2$18K
Land, buildings, equipmentLn 10c$229K
Other assetsLn 15$49K
Total assetsLn 16$300K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$786K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$17K$18K
Land, buildings, equipmentLn 10c$249K$229K
Total assetsLn 16$333K$300K
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$765K−$786K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$75K$28K$47K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$48$48
Office expensesLn 13$4K$4K
Information technologyLn 14$237$237
OccupancyLn 16$53K$53K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$534$534
All other expensesLn 24e$3K$803$3K
Total functional expensesLn 25$174K$109K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $160K$168K−$8K−$794K 990 PDF
FY2024 Viewing $153K$174K−$21K−$786K 990 PDF
FY2023 $135K$171K−$35K−$765K 990 PDF
FY2022 $127K$149K−$22K−$729K 990 PDF
FY2021 $126K$135K−$9K−$708K 990 PDF
FY2020 $114K$125K−$11K−$699K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $152,670 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $66,605$81,437
I-9 Program service revenuePrior year $64,245$69,317
I-10 Investment incomePrior year $31$21
I-11 Other revenuePrior year $4,337$1,895
I-12 Total revenuePrior year $135,218$152,670
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $170,553$173,804
I-18 Total expensesPrior year $170,553$173,804
I-19 Revenue less expensesPrior year −$35,335−$21,134
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $152,670 across 5 lines filed
Lines not itemized here account for $1,895 of total revenue; see the IRS return.
VIII-1e Government grants$81,437
VIII-1h Total contributions, gifts and grants$81,437
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,317$69,317
VIII-3 Investment incomeExcluded from tax $21$21
VIII-12 Total revenueRelated to mission $69,317 · Unrelated business $0 · Excluded from tax $1,916$152,670
Part IX · Statement of functional expenses $173,804 across 11 lines filed
IX-11a Management feesPrograms $28,363 · Management $46,530$74,893
IX-11c Accounting feesManagement $9,641$9,641
IX-12 Advertising and promotionManagement $48$48
IX-13 Office expensesManagement $4,459$4,459
IX-14 Information technologyPrograms $237$237
IX-16 OccupancyPrograms $52,589$52,589
IX-17 TravelManagement $1,313$1,313
IX-22 Depreciation, depletion and amortizationPrograms $20,676$20,676
IX-23 InsurancePrograms $6,054$6,054
IX-24 Other expenses (24a–d)Management $534$534
IX-24e All other expensesPrograms $803 · Management $2,557$3,360
IX-25 Total functional expensesPrograms $108,722 · Management $65,082 · Fundraising $0$173,804
Part X · Balance sheet $299,760 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $17,371$18,032
X-4 Accounts receivableStart of year $1,772$3,451
X-9 Prepaid expenses and deferred chargesStart of year $850$433
X-10c Land, buildings and equipment, netStart of year $249,495$228,819
X-15 Other assetsStart of year $63,664$49,025
X-16 Total assetsStart of year $333,152$299,760
X-17 Accounts payable and accrued expensesStart of year $29,789$15,032
X-19 Deferred revenueStart of year $1,144$3,032
X-25 Other liabilitiesStart of year $5,144$5,755
X-26 Total liabilitiesStart of year $1,097,877$1,085,619
X-27 Net assets without donor restrictionsStart of year −$764,725−$785,859
X-32 Total net assets or fund balancesStart of year −$764,725−$785,859
X-33 Total liabilities and net assetsStart of year $333,152$299,760
Part XI · Reconciliation of net assets −$785,859 net assets at year end
XI-1 Total revenue$152,670
XI-2 Total expenses$173,804
XI-3 Revenue less expenses−$21,134
XI-4 Net assets at start of year−$764,725
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$785,859

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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