Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
EIN 26-3993888 • 501(c)3 • Franklin, IN
Profile
The mission of the franklin development corporation is community betterment primarily through economic development.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Assets
Down$1,710,760
Down $103,554 (-5.7%) from 2023
Liabilities
Up$70,762
Up $70,762 from 2023
Net Assets
Down$1,639,998
Down $174,316 (-9.6%) from 2023
Revenue
Up$76,801
Up $120,098 (+277%) from 2023
Expenses
Up$259,472
Up $79,708 (+44%) from 2023
Net Income
Up-$182,671
Up $40,390 (+18%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The mission of the franklin development corporation is community betterment primarily through economic development.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,097,893 | $677,957 | ▼ $419,936 |
| Other Notes and Loans Receivable, Net | $440,118 | $543,427 | ▲ $103,309 |
| Land, Buildings, and Equipment, Net | $263,731 | $265,841 | ▲ $2,110 |
| Receivable From Disqualified Prsn | $25,127 | $19,816 | ▼ $5,311 |
| Total Assets | $1,826,869 | $1,710,760 | ▼ $116,109 |
| Other Assets Total | $0 | $203,719 | ▲ $203,719 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $4,200 | $70,762 | ▲ $66,562 |
| Total Liabilities | $4,200 | $70,762 | ▲ $66,562 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,012,694 | $899,951 | ▼ $112,743 |
| Net Assets With Donor Restrictions | $809,975 | $740,047 | ▼ $69,928 |
| Total Net Assets Fund Balance | $1,822,669 | $1,639,998 | ▼ $182,671 |
| Total Liabilities and Net Assets / Fund Balance | $1,826,869 | $1,710,760 | ▼ $116,109 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $250,841 | $62,670 | $313,511 |
| Land | $15,000 | - | $15,000 |
| Other Assets Org | $19,810 | - | - |
| Name | Title |
|---|---|
| David Bedwell | President |
| Tina Jobe | Vice President |
| Amanda Ott | Director |
| Amy Haacker | Director |
| Dana Monson | Director |
| Drew Eggers | Director |
| Dustin Royer | Director |
| Krista Linke | Director |
| Amy Richardson | Secretary |
| Lisa Jones | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $228,548 |
| Other Expenses | $30,924 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $228,548 | - | - | $228,548 |
| Fees for Services Accounting | - | $16,000 | - | $16,000 |
| Fees for Services Legal | - | $2,409 | - | $2,409 |
| Insurance | - | $1,663 | - | $1,663 |
| Fees for Services Other | $12 | $900 | - | $912 |
| Other Expenses | - | $131 | - | $131 |
| Total Functional Expenses | $228,560 | $30,912 | $0 | $259,472 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | $25,127 | $19,816 | ▼ $5,311 |
“The 990 will be reviewed by the board prior to filing.”
“Governing documents are available upon request. The annual report is available on the company's website.”
“The organization is organized as a not-for-profit corporation and, accordingly, is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state provisions. The organization has evaluated the tax positions it has taken, or expects to take, in the course of preparing the organization's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable taxing authority. Gaap requires the benefit arising from an uncertain tax position to be recognized in the financial statements only when it is more likely than not the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based upon the technical merits and consideration of all available information. Once the recognition threshold is met, the portion of the tax benefit that is recorded represents the largest amount of tax benefit that is greater than 50 percent likely to be realized upon settlement with a taxing authority. Based on its review, management does not believe the organization has taken any significant uncertain tax positions, including any position that would place the organization's exempt status in jeopardy as of december 31, 2024.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 4200 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 70762 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE MISSION OF THE FRANKLIN DEVELOPMENT CORPORATION IS COMMUNITY BETTERMENT PRIMARILY THROUGH ECONOMIC DEVELOPMENT. |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KRISTA LINKE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3172252940 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 70 E MONROE ST |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANKLIN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46131 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1097893 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 677957 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 228548 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 30924 |
| IRS990/CYOtherRevenueAmt | 0 | 34006 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 42795 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -182671 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 259472 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 76801 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | PROVIDE GRANTS TO NEW AND EXISTING BUSINESSES TO REHABILITATE DOWNTOWN FRANKLIN AND ENCOURAGE INVESTMENT IN THE CITY OF FRANKLIN. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 809975 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 740047 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 12 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 16000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16000 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 2409 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 2409 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 900 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 12 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 912 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DAVID BEDWELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TINA JOBE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LISA JONES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | AMANDA OTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | AMY RICHARDSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DUSTIN ROYER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | AMY HAACKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DREW EGGERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KRISTA LINKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DANA MONSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2009 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 228548 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 228548 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 88585 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 44740 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1663 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1663 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 62670 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 263731 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 265841 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 328511 |
| IRS990/LegalDomicileStateCd | 0 | IN |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 11784 |
| IRS990/LoanOutstandingInd | 0 | 1 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE MISSION OF THE FRANKLIN DEVELOPMENT CORPORATION IS COMMUNITY BETTERMENT PRIMARILY THROUGH ECONOMIC DEVELOPMENT. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1822669 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1639998 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 32956 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 32956 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1012694 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 899951 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 203719 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | OTHER |
| IRS990/OtherExpensesGrp/Desc | 1 | LOAN SERVICING FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | CREDIT REPORTS |
| IRS990/OtherExpensesGrp/Desc | 3 | BANK FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 7918 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1370 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 521 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 131 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 7918 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1370 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 521 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 131 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1050 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1050 |
| IRS990/OtherRevenueTotalAmt | 0 | 1050 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 440118 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 543427 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | LISA JONES |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM INTEREST CD'S |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PROGRAMS INTEREST INCO |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 26442 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 16353 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 26442 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 16353 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDE DOLLAR FOR DOLLAR MATCHING GRANTS TO COMMERCIAL PROPERTY OWNERS IN A SELECTED AREA OF DOWNTOWN FRANKLIN TO RENOVATE BUILDINGS AND INCREASE THE STREET APPEAL. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 131239 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 131239 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | PROVIDE LOW INTEREST RATE LOANS TO RESIDENTIAL OR COMMERCIAL PROPERTY OWNERS TO ENCOURAGE AND AID IN THE REHABILITATION/RENOVATION OF HISTORIC AND/OR UNDERUTILIZED HOMES AND BUILDINGS LOCATED WITHIN THE INTEGRATED ECONOMIC DEVELOPMENT AREA OF THE HISTORIC FRANKLIN. PORTIONS OF THE RESIDENTIAL LOANS MAY ALSO BE FORGIVEN IN THE FORM OF A GRANT. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 97309 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 97309 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 43845 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 29952 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 167385 |
| IRS990/PYInvestmentIncomeAmt | 0 | -95311 |
| IRS990/PYOtherExpensesAmt | 0 | 12379 |
| IRS990/PYOtherRevenueAmt | 0 | -1990 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 24052 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -223061 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 179764 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | -43297 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 25127 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 19816 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -182671 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 32956 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 29952 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 34129 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 100000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 164081 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 88585 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10200 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 53600 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 36000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 32400 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 220785 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.42630 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.82380 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 164081 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 34129 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 100000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 164081 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 384866 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 62670 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 313511 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 15000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 15000 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 66051 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 19810 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | BUILDING HELD FOR SALE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | CONSTRUCTION IN PROGRESS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | UNBILLED RENTAL INCOME |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS IT HAS TAKEN, OR EXPECTS TO TAKE, IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAXING AUTHORITY. GAAP REQUIRES THE BENEFIT ARISING FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE ORGANIZATION HAS TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE ORGANIZATION'S EXEMPT STATUS IN JEOPARDY AS OF DECEMBER 31, 2024. |
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| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 203719 |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | REHABILITATION GRANTS |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | MAIN & MADISON MARKET CAFE PROJECT |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 50000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | AMY RICHARDSON |
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| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 19816 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 990 WILL BE REVIEWED BY THE BOARD PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE ANNUAL REPORT IS AVAILABLE ON THE COMPANY'S WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
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| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 1710760 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1710760 |
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| IRS990/TotalEmployeeCnt | 0 | 0 |
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| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 259472 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 4200 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 70762 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 70762 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1639998 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 76801 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 12 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1710760 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 70 EAST MONROE ST |
| IRS990/USAddress/CityNm | 0 | FRANKLIN |
| IRS990/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/USAddress/ZIPCd | 0 | 46131 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LISA JONES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3177363631 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FRANKLIN DEVELOPMENT CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRAN |
| ReturnHeader/Filer/EIN | 0 | 263993888 |
| ReturnHeader/Filer/PhoneNum | 0 | 3177363631 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 70 EAST MONROE ST |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANKLIN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46131 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 562353893 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AGRESTA STORMS & O'LEARY PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5140 COMMERCE CIRCLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | INDIANAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46237 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3177809850 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-29 |
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