Civic Intelligence

Franklin Foundation of Kettering Park Four Inc.

990 • Fiscal year 2017 • EIN 27-3262725

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 09, 2018

2000 Bethel Road Ste DColumbus, OH 43220-5810

(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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.37x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$78,125

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 51.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,552,572

Down $75,434 (-2.9%) from 2016

Net Assets

Down

$2,496,801

Down $77,854 (-3.0%) from 2016

Liabilities

Up

$55,771

Up $2,420 (+4.5%) from 2016

Revenue

Down

$150,967

Down $22,366 (-13%) from 2016

Expenses

Down

$228,821

Down $6,639 (-2.8%) from 2016

Net Income

Down

-$77,854

Down $15,727 (-25%) from 2016

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 2013: $2,786,424Liabilities 2013: $137,770Net Assets 2013: $2,648,6542013Assets 2014: $2,808,380Liabilities 2014: $80,629Net Assets 2014: $2,727,7512014Assets 2015: $2,713,117Liabilities 2015: $66,335Net Assets 2015: $2,646,7822015Assets 2016: $2,628,006Liabilities 2016: $53,351Net Assets 2016: $2,574,6552016Assets 2017: $2,552,572Liabilities 2017: $55,771Net Assets 2017: $2,496,8012017Assets 2018: $2,470,478Liabilities 2018: $59,273Net Assets 2018: $2,411,2052018Assets 2019: $2,398,447Liabilities 2019: $59,642Net Assets 2019: $2,338,8052019Assets 2020: $2,326,594Liabilities 2020: $52,821Net Assets 2020: $2,273,7732020Assets 2021: $2,254,691Liabilities 2021: $54,448Net Assets 2021: $2,200,2432021Assets 2022: $2,183,326Liabilities 2022: $61,144Net Assets 2022: $2,122,1822022Assets 2023: $2,099,493Liabilities 2023: $60,743Net Assets 2023: $2,038,7502023Assets 2024: $2,070,056Liabilities 2024: $35,097Net Assets 2024: $2,034,9592024

Highlighted filing

2017

Assets$2,552,572
Liabilities$55,771
Net Assets$2,496,801

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $18,225Expenses 2013: $40,068Net Income 2013: -$21,8432013Revenue 2014: $162,149Expenses 2014: $243,904Net Income 2014: -$81,7552014Revenue 2015: $151,299Expenses 2015: $232,176Net Income 2015: -$80,8772015Revenue 2016: $173,333Expenses 2016: $235,460Net Income 2016: -$62,1272016Revenue 2017: $150,967Expenses 2017: $228,821Net Income 2017: -$77,8542017Revenue 2018: $165,399Expenses 2018: $250,995Net Income 2018: -$85,5962018Revenue 2019: $171,182Expenses 2019: $243,582Net Income 2019: -$72,4002019Revenue 2020: $183,493Expenses 2020: $248,525Net Income 2020: -$65,0322020Revenue 2021: $178,739Expenses 2021: $252,269Net Income 2021: -$73,5302021Revenue 2022: $191,125Expenses 2022: $269,186Net Income 2022: -$78,0612022Revenue 2023: $194,192Expenses 2023: $277,624Net Income 2023: -$83,4322023Revenue 2024: $241,090Expenses 2024: $244,881Net Income 2024: -$3,7912024

Highlighted filing

2017

Revenue$150,967
Expenses$228,821
Net Income-$77,854
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 9, 2018
Return Version
2017v2.3
Gross Receipts
$150,967
Mission and Program Overview

Mission

To provide housing for qualified elderly & handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,515,865$2,434,073▼ $81,792
Cash and Non-Interest-Bearing Accounts$3,094$6,800▲ $3,706
Prepaid Expenses and Deferred Charges$2,187$6,140▲ $3,953
Total Assets$2,628,006$2,552,572▼ $75,434
Other Assets Total$106,860$105,559▼ $1,301
Liabilities
Other Liabilities$48,599$48,689▲ $90
Accounts Payable and Accrued Expenses$4,752$7,082▲ $2,330
Total Liabilities$53,351$55,771▲ $2,420
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,822,650$2,822,650→ $0
Unrestricted Net Assets$-247,995$-325,849▼ $77,854
Total Net Assets Fund Balance$2,574,655$2,496,801▼ $77,854
Total Liabilities and Net Assets / Fund Balance$2,628,006$2,552,572▼ $75,434

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,996,272$237,155$2,233,427
Other Land Buildings$312,801$107,842$420,643
Land$125,000-$125,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lynn D DaltonPresident$78,125$78,125

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$71,225
Program Service Revenue
$77,049
Investment Income
$434
Other Revenue
$2,259
Change in Net Assets
$-77,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$150,967
Total Revenue per Audited Statements
$150,967
Total Revenue per Form 990
$150,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$228,821
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$81,792--$81,792
All Other Expenses$16,446$3,761-$20,207
Fees for Services Management-$14,261-$14,261
Other Expenses$18,095$13,431-$13,431
Fees for Services Accounting-$6,220-$6,220
Office Expenses-$5,071-$5,071
Insurance$5,028--$5,028
Fees for Services Legal-$145-$145
Advertising-$35-$35
Total Functional Expenses$185,897$42,924$0$228,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$228,821
Total Expenses per Audited Statements$228,821
Total Expenses per Form 990$228,821
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$40,153
Security Deposits-liability$7,602
Accrued Management Fee$934
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
No

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

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 and 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, of (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 entitles 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
27-3262725
Phone
6144511919
Address
2000 BETHEL ROAD STE D, COLUMBUS, OH 43220-5810
Doing Business As
Acorn Walk

Signing Officer

Name
Lynn D Dalton
Title
President
Phone
6144511919
Signed
2018-03-09

Organization Details

Principal Officer
Lynn D Dalton
Formed
2010
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
6
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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN F. HAVENS II ELLEN HARDYMON TRUSTEE SEC/TREAS NEPHEW/AUNT JOHN F. HAVENS II SUZANNE H. NICK TRUSTEE TRUSTEE NEPHEW/AUNT JOHN F. HAVENS II THOMAS F. HAVENS TRUSTEE TRUSTEE SON/FATHER JOHN F. HAVENS II JOHN C. HAVENS TRUSTEE TRUSTEE NEPHEW/UNCLE ELLEN HARDYMON SUZANNE H. NICK SEC/TREAS TRUSTEE SISTER/SISTER ELLEN HARDYMON THOMAS F. HAVENS SEC/TREAS TRUSTEE SISTER/BROTHER ELLEN HARDYMON JOHN C. HAVENS SEC/TREAS TRUSTEE SISTER/BROTHER SUZANNE H. NICK THOMAS F. HAVENS TRUSTEE TRUSTEE SISTER/BROTHER SUZANNE H. NICK JOHN C, HAVENS TRUSTEE TRUSTEE SISTER/BROTHER THOMAS F. HAVENS JOHN C. HAVENS TRUSTEE TRUSTEE BROTHER/BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NUMBER OF TRUSTEES CONSTITUTING THE FULL BOARD OF TRUSTEES SHALL BE AS FIXED FROM TIME TO TIME AND 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, OF (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 ENTITLES 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/ExplanationTxt2THE 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/ExplanationTxt3ALL CONTRACTUAL RELATIONSHIPS ARE REVIEWED FOR CONFLICTS OF INTERESTS. PREVIOUS YEAR'S CONFLICTS OF INTEREST LIST IS REVIEWED AND UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING 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 7A
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06144511919
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN FOUNDATION OF KETTERING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARK FOUR INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId018BF3BFBE883D77E1548A4F956B85710BD7356EF

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