Civic Intelligence

Franklin Foundation of Kettering Park Two Inc.

990 • Fiscal year 2016 • EIN 11-3677210

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 25, 2017

2000 Bethel Road Ste DColumbus, OH 43220

(614) 451-1919

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.31x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$84,000

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 54.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

31st percentile

-2.7%

Faster asset growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

2.9%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,294,227

Down $35,291 (-2.7%) from 2015

Net Assets

Down

$1,246,963

Down $30,753 (-2.4%) from 2015

Liabilities

Down

$47,264

Down $4,538 (-8.8%) from 2015

Revenue

Up

$153,489

Up $4,266 (+2.9%) from 2015

Expenses

Up

$184,242

Up $8,073 (+4.6%) from 2015

Net Income

Down

-$30,753

Down $3,807 (-14%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,502,957Liabilities 2010: $67,632Net Assets 2010: $1,435,3252010Assets 2011: $1,468,969Liabilities 2011: $59,911Net Assets 2011: $1,409,0582011Assets 2012: $1,437,247Liabilities 2012: $63,648Net Assets 2012: $1,373,5992012Assets 2013: $1,400,997Liabilities 2013: $59,829Net Assets 2013: $1,341,1682013Assets 2014: $1,355,562Liabilities 2014: $50,900Net Assets 2014: $1,304,6622014Assets 2015: $1,329,518Liabilities 2015: $51,802Net Assets 2015: $1,277,7162015Assets 2016: $1,294,227Liabilities 2016: $47,264Net Assets 2016: $1,246,9632016Assets 2017: $1,257,685Liabilities 2017: $44,744Net Assets 2017: $1,212,9412017Assets 2018: $1,225,936Liabilities 2018: $46,358Net Assets 2018: $1,179,5782018Assets 2019: $1,198,531Liabilities 2019: $51,712Net Assets 2019: $1,146,8192019Assets 2020: $1,157,251Liabilities 2020: $50,245Net Assets 2020: $1,107,0062020Assets 2021: $1,111,859Liabilities 2021: $55,727Net Assets 2021: $1,056,1322021Assets 2022: $1,060,402Liabilities 2022: $53,594Net Assets 2022: $1,006,8082022Assets 2023: $1,016,438Liabilities 2023: $69,199Net Assets 2023: $947,2392023Assets 2024: $1,005,111Liabilities 2024: $26,337Net Assets 2024: $978,7742024

Highlighted filing

2016

Assets$1,294,227
Liabilities$47,264
Net Assets$1,246,963

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $185,2472010Expenses 2011: $172,6832011Expenses 2012: $180,5652012Revenue 2013: $150,387Expenses 2013: $182,818Net Income 2013: -$32,4312013Revenue 2014: $148,911Expenses 2014: $185,417Net Income 2014: -$36,5062014Revenue 2015: $149,223Expenses 2015: $176,169Net Income 2015: -$26,9462015Revenue 2016: $153,489Expenses 2016: $184,242Net Income 2016: -$30,7532016Revenue 2017: $154,117Expenses 2017: $188,139Net Income 2017: -$34,0222017Revenue 2018: $162,906Expenses 2018: $196,269Net Income 2018: -$33,3632018Revenue 2019: $169,449Expenses 2019: $202,208Net Income 2019: -$32,7592019Revenue 2020: $171,555Expenses 2020: $211,368Net Income 2020: -$39,8132020Revenue 2021: $175,091Expenses 2021: $225,965Net Income 2021: -$50,8742021Revenue 2022: $173,279Expenses 2022: $222,603Net Income 2022: -$49,3242022Revenue 2023: $188,404Expenses 2023: $247,973Net Income 2023: -$59,5692023Revenue 2024: $251,749Expenses 2024: $220,214Net Income 2024: $31,5352024

Highlighted filing

2016

Revenue$153,489
Expenses$184,242
Net Income-$30,753
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 25, 2017
Return Version
2016v3.0
Gross Receipts
$153,489
Mission and Program Overview

Mission

To provide housing to qualified elderly & handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,198,295$1,155,376▼ $42,919
Cash and Non-Interest-Bearing Accounts$3,498$3,356▼ $142
Prepaid Expenses and Deferred Charges-$1,846-
Accounts Receivable$322--
Total Assets$1,329,518$1,294,227▼ $35,291
Other Assets Total$127,403$133,649▲ $6,246
Liabilities
Other Liabilities$51,802$47,264▼ $4,538
Total Liabilities$51,802$47,264▼ $4,538
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,607,300$1,607,300→ $0
Unrestricted Net Assets$-329,584$-360,337▼ $30,753
Total Net Assets Fund Balance$1,277,716$1,246,963▼ $30,753
Total Liabilities and Net Assets / Fund Balance$1,329,518$1,294,227▼ $35,291

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$970,449$415,907$1,386,356
Leasehold Improvements$64,519$96,779$161,298
Land$119,625-$119,625
Other Land Buildings$783$57,674$58,457
Other Assets Org$2,694--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lynn D DaltonPresident$84,000$84,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$64,448
Program Service Revenue
$85,994
Investment Income
$537
Other Revenue
$2,510
Change in Net Assets
$-30,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$153,489
Total Revenue per Audited Statements
$153,489
Total Revenue per Form 990
$153,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,242
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$42,919--$42,919
Other Expenses$21,791$16,333-$16,333
All Other Expenses$14,883$1,271-$16,154
Fees for Services Management-$14,769-$14,769
Insurance$7,964--$7,964
Fees for Services Accounting-$5,640-$5,640
Office Expenses-$4,667-$4,667
Advertising-$66-$66
Total Functional Expenses$141,496$42,746$0$184,242

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$184,242
Total Expenses per Audited Statements$184,242
Total Expenses per Form 990$184,242
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
Accrued Real Estate Taxes$30,887
Security Deposits-liability$7,251
Accrued Management Fee$5,769
Notes Payable$3,357
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

John f. Havens ii ellen hardymon trustee sec/treas nephew/aunt john f. Havens ii thomas havens trustee trustee son/father john f. Havens ii suzanne nick trustee trustee nephew/aunt john f. Havens ii john c. Havens trustee trustee nephew/uncle ellen hardymon thomas havens sec/treas trustee sister/brother ellen hardymon suzanne nick sec/treas trustee sister/sister ellen hardymon john c. Havens sec/treas trustee sister/brother thomas havens suzanne nick trustee trustee brother/sister thomas havens john c. Havens trustee trustee brother/brother suzanne nick john c. Havens trustee trustee sister/brother

Form 990, Page 6, Part VI, Line 3

Franklin foundation of kettering park two, inc. Has delegated the management duties to franklin senior housing management, inc.

Form 990, Page 6, Part VI, Line 7A

The number of trustees constituting the full board of trustees shall be as fixed from time to time at not more than nine as hereinafter provided. Such number shall (i) be fixed from time to time by resolution or other action adopted or taken by the vote, or consent of not less than a majority of the voting members entitled to vote for the election of trustees present in person or by proxy at any annual meeting of voting members or any special meeting thereof called for that purpose, or (ii) if the number is not so fixed, the total number of persons elected and remaining as trustees in office immediately after any election of what purports to be a full board of trustees, or any election of additional trustees, by the unanimous vote or consent of all voting members entitled to vote for the election of trustees; provided, however, that no reduction in the number of trustees in and of itself shall have the effect of removing any trustee from office prior to the expiration of the term of office.

Form 990, Page 6, Part VI, Line 11B

The federal form 990 is made available to the board members at the first board meeting after the return is received. The president of the organization is responsible for the review of the tax return.

Form 990, Page 6, Part VI, Line 12C

All contractual relationships are reviewed for conflicts of interests. Previous year's conflicts of interest list is reviewed and updated annually.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policies, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Franklin Foundation of Kettering
EIN
11-3677210
Phone
6144511919
Address
2000 BETHEL ROAD STE D, COLUMBUS, OH 43220

Signing Officer

Name
Lynn D Dalton
Title
President
Phone
6144511919
Signed
2017-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn D Dalton
Formed
2005
Voting Board Members
6
Independent Board Members
5
Employees
0

Preparer

Firm
Stemen Mertens Stickler Cpas
Address
370 S 5TH ST STE 1, COLUMBUS, OH 43215-5433
Preparer
Bryan P Stickler CPA
Phone
6142240955
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS-LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED MANAGEMENT FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NOTES PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN F. HAVENS II ELLEN HARDYMON TRUSTEE SEC/TREAS NEPHEW/AUNT JOHN F. HAVENS II THOMAS HAVENS TRUSTEE TRUSTEE SON/FATHER JOHN F. HAVENS II SUZANNE NICK TRUSTEE TRUSTEE NEPHEW/AUNT JOHN F. HAVENS II JOHN C. HAVENS TRUSTEE TRUSTEE NEPHEW/UNCLE ELLEN HARDYMON THOMAS HAVENS SEC/TREAS TRUSTEE SISTER/BROTHER ELLEN HARDYMON SUZANNE NICK SEC/TREAS TRUSTEE SISTER/SISTER ELLEN HARDYMON JOHN C. HAVENS SEC/TREAS TRUSTEE SISTER/BROTHER THOMAS HAVENS SUZANNE NICK TRUSTEE TRUSTEE BROTHER/SISTER THOMAS HAVENS JOHN C. HAVENS TRUSTEE TRUSTEE BROTHER/BROTHER SUZANNE NICK JOHN C. HAVENS TRUSTEE TRUSTEE SISTER/BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRANKLIN FOUNDATION OF KETTERING PARK TWO, INC. HAS DELEGATED THE MANAGEMENT DUTIES TO FRANKLIN SENIOR HOUSING MANAGEMENT, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NUMBER OF TRUSTEES CONSTITUTING THE FULL BOARD OF TRUSTEES SHALL BE AS FIXED FROM TIME TO TIME AT NOT MORE THAN NINE AS HEREINAFTER PROVIDED. SUCH NUMBER SHALL (I) BE FIXED FROM TIME TO TIME BY RESOLUTION OR OTHER ACTION ADOPTED OR TAKEN BY THE VOTE, OR CONSENT OF NOT LESS THAN A MAJORITY OF THE VOTING MEMBERS ENTITLED TO VOTE FOR THE ELECTION OF TRUSTEES PRESENT IN PERSON OR BY PROXY AT ANY ANNUAL MEETING OF VOTING MEMBERS OR ANY SPECIAL MEETING THEREOF CALLED FOR THAT PURPOSE, OR (II) IF THE NUMBER IS NOT SO FIXED, THE TOTAL NUMBER OF PERSONS ELECTED AND REMAINING AS TRUSTEES IN OFFICE IMMEDIATELY AFTER ANY ELECTION OF WHAT PURPORTS TO BE A FULL BOARD OF TRUSTEES, OR ANY ELECTION OF ADDITIONAL TRUSTEES, BY THE UNANIMOUS VOTE OR CONSENT OF ALL VOTING MEMBERS ENTITLED TO VOTE FOR THE ELECTION OF TRUSTEES; PROVIDED, HOWEVER, THAT NO REDUCTION IN THE NUMBER OF TRUSTEES IN AND OF ITSELF SHALL HAVE THE EFFECT OF REMOVING ANY TRUSTEE FROM OFFICE PRIOR TO THE EXPIRATION OF THE TERM OF OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FEDERAL FORM 990 IS MADE AVAILABLE TO THE BOARD MEMBERS AT THE FIRST BOARD MEETING AFTER THE RETURN IS RECEIVED. THE PRESIDENT OF THE ORGANIZATION IS RESPONSIBLE FOR THE REVIEW OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL CONTRACTUAL RELATIONSHIPS ARE REVIEWED FOR CONFLICTS OF INTERESTS. PREVIOUS YEAR'S CONFLICTS OF INTEREST LIST IS REVIEWED AND UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRANKLIN FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311191673
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02000 BETHEL ROAD SUITE D
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLUMBUS
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IRS990ScheduleR/PaidEmployeesSharingInd0false
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990/TotalLiabilitiesEOYAmt047264
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01246963
IRS990/TotalProgramServiceExpensesAmt0141496
IRS990/TotalProgramServiceRevenueAmt085994
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0153489
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IRS990/TotReportableCompRltdOrgAmt084000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-329584
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-360337
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02000 BETHEL ROAD STE D
IRS990/USAddress/CityNm0COLUMBUS
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IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNN D DALTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06144511919
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN FOUNDATION OF KETTERING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARK TWO INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0113677210
ReturnHeader/Filer/PhoneNum06144511919
ReturnHeader/Filer/USAddress/AddressLine1Txt02000 BETHEL ROAD STE D

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.03$0.98$0.25$0.22$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.02$0.07$0.95$0.19$0.25$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.05$1.01$0.17$0.22$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.06$1.06$0.18$0.23$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.05$1.11$0.17$0.21$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.05$1.15$0.17$0.20$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.05$1.18$0.16$0.20$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.04$1.21$0.15$0.19$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.05$1.25$0.15$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.05$1.28$0.15$0.18$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.05$1.30$0.15$0.19$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.40$0.06$1.34$0.15$0.18$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.06$1.37$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.06$1.41$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.07$1.44$0.19