Civic Intelligence

Franklin Foundation of Kettering Park Three Inc.

990 • Fiscal year 2016 • EIN 20-8182617

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

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.26x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

12th percentile

-27%

Higher net margin than 12% 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 49.2% of source-year revenue.

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

Asset Growth

32nd percentile

-2.6%

Faster asset growth than 32% of similar nonprofits.

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

Revenue Growth

43rd percentile

0.5%

Faster revenue growth than 43% of similar nonprofits.

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

Assets

Down

$1,941,622

Down $51,988 (-2.6%) from 2015

Net Assets

Down

$1,897,594

Down $45,439 (-2.3%) from 2015

Liabilities

Down

$44,028

Down $6,549 (-13%) from 2015

Revenue

Up

$170,821

Up $878 (+0.5%) from 2015

Expenses

Up

$216,260

Up $22,572 (+12%) from 2015

Net Income

Down

-$45,439

Down $21,694 (-91%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,239,066Liabilities 2010: $58,141Net Assets 2010: $2,180,9252010Assets 2011: $2,176,719Liabilities 2011: $53,704Net Assets 2011: $2,123,0152011Assets 2012: $2,127,986Liabilities 2012: $56,231Net Assets 2012: $2,071,7552012Assets 2013: $2,079,748Liabilities 2013: $60,676Net Assets 2013: $2,019,0722013Assets 2014: $2,014,685Liabilities 2014: $47,907Net Assets 2014: $1,966,7782014Assets 2015: $1,993,610Liabilities 2015: $50,577Net Assets 2015: $1,943,0332015Assets 2016: $1,941,622Liabilities 2016: $44,028Net Assets 2016: $1,897,5942016Assets 2017: $1,894,350Liabilities 2017: $46,096Net Assets 2017: $1,848,2542017Assets 2018: $1,844,963Liabilities 2018: $48,617Net Assets 2018: $1,796,3462018Assets 2019: $1,781,442Liabilities 2019: $44,622Net Assets 2019: $1,736,8202019Assets 2020: $1,742,070Liabilities 2020: $46,381Net Assets 2020: $1,695,6892020Assets 2021: $1,697,554Liabilities 2021: $50,985Net Assets 2021: $1,646,5692021Assets 2022: $1,623,542Liabilities 2022: $54,921Net Assets 2022: $1,568,6212022Assets 2023: $1,567,831Liabilities 2023: $51,945Net Assets 2023: $1,515,8862023Assets 2024: $1,545,192Liabilities 2024: $35,669Net Assets 2024: $1,509,5232024

Highlighted filing

2016

Assets$1,941,622
Liabilities$44,028
Net Assets$1,897,594

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $179,0492010Expenses 2011: $196,7952011Expenses 2012: $199,7742012Revenue 2013: $153,962Expenses 2013: $206,645Net Income 2013: -$52,6832013Revenue 2014: $153,359Expenses 2014: $205,653Net Income 2014: -$52,2942014Revenue 2015: $169,943Expenses 2015: $193,688Net Income 2015: -$23,7452015Revenue 2016: $170,821Expenses 2016: $216,260Net Income 2016: -$45,4392016Revenue 2017: $169,153Expenses 2017: $218,493Net Income 2017: -$49,3402017Revenue 2018: $168,729Expenses 2018: $220,637Net Income 2018: -$51,9082018Revenue 2019: $193,239Expenses 2019: $252,765Net Income 2019: -$59,5262019Revenue 2020: $184,741Expenses 2020: $225,872Net Income 2020: -$41,1312020Revenue 2021: $176,759Expenses 2021: $225,879Net Income 2021: -$49,1202021Revenue 2022: $176,068Expenses 2022: $254,016Net Income 2022: -$77,9482022Revenue 2023: $190,991Expenses 2023: $243,726Net Income 2023: -$52,7352023Revenue 2024: $230,320Expenses 2024: $236,683Net Income 2024: -$6,3632024

Highlighted filing

2016

Revenue$170,821
Expenses$216,260
Net Income-$45,439
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 25, 2017
Return Version
2016v3.0
Gross Receipts
$170,821
Mission and Program Overview

Mission

To provide housing to qualified elderly & handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,844,654$1,780,057▼ $64,597
Cash and Non-Interest-Bearing Accounts$9,218$6,359▼ $2,859
Prepaid Expenses and Deferred Charges-$1,673-
Total Assets$1,993,610$1,941,622▼ $51,988
Other Assets Total$139,738$153,533▲ $13,795
Liabilities
Other Liabilities$50,577$41,315▼ $9,262
Accounts Payable and Accrued Expenses-$2,713-
Total Liabilities$50,577$44,028▼ $6,549
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,311,086$2,311,086→ $0
Unrestricted Net Assets$-368,053$-413,492▼ $45,439
Total Net Assets Fund Balance$1,943,033$1,897,594▼ $45,439
Total Liabilities and Net Assets / Fund Balance$1,993,610$1,941,622▼ $51,988

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,496,889$384,019$1,880,908
Leasehold Improvements$130,723$90,215$220,938
Land$139,000-$139,000
Equipment$13,445$51,834$65,279
Other Assets Org$11,802--
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
$78,737
Program Service Revenue
$89,619
Investment Income
$621
Other Revenue
$1,844
Change in Net Assets
$-45,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$170,821
Total Revenue per Audited Statements
$170,821
Total Revenue per Form 990
$170,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,260
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$64,597--$64,597
All Other Expenses$18,569$3,021-$21,590
Fees for Services Management-$18,856-$18,856
Other Expenses$25,999$10,668-$10,668
Insurance$7,622--$7,622
Fees for Services Accounting-$6,352-$6,352
Office Expenses-$5,950-$5,950
Total Functional Expenses$171,413$44,847$0$216,260

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$216,260
Total Expenses per Audited Statements$216,260
Total Expenses per Form 990$216,260
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$25,850
Security Deposits-liability$8,173
Accrued Management Fee$5,965
Accrued Wages$1,124
Accrued Payroll Taxes$203
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 director 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 suzanne nick thomas havens trustee trustee sister/brother suzanne nick john c. Havens trustee trustee sister/brother thomas havens john c. Havens trustee trustee brother/brother

Form 990, Page 6, Part VI, Line 3

Franklin foundation of kettering park three, 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 policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Franklin Foundation of Kettering
EIN
20-8182617
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

Organization Details

Principal Officer
Lynn D Dalton
Formed
2007
Legal Domicile
Oh
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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN F. HAVENS II ELLEN HARDYMON TRUSTEE SEC/TREAS NEPHEW/AUNT JOHN F. HAVENS II THOMAS HAVENS TRUSTEE DIRECTOR 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 SUZANNE NICK THOMAS HAVENS TRUSTEE TRUSTEE SISTER/BROTHER SUZANNE NICK JOHN C. HAVENS TRUSTEE TRUSTEE SISTER/BROTHER THOMAS HAVENS JOHN C. HAVENS TRUSTEE TRUSTEE BROTHER/BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRANKLIN FOUNDATION OF KETTERING PARK THREE, 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 POLICY, 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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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06144511919
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN FOUNDATION OF KETTERING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARK THREE INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0208182617
ReturnHeader/Filer/PhoneNum06144511919
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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.$1.55$0.04$1.51$0.23$0.24$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.05$1.52$0.19$0.24$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.62$0.05$1.57$0.18$0.25$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.05$1.65$0.18$0.23$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.05$1.70$0.18$0.23$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.04$1.74$0.19$0.25$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.84$0.05$1.80$0.17$0.22$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.89$0.05$1.85$0.17$0.22$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.94$0.04$1.90$0.17$0.22$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.05$1.94$0.17$0.19$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.05$1.97$0.15$0.21$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.08$0.06$2.02$0.15$0.21$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.06$2.07$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.05$2.12$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.06$2.18$0.18