Civic Intelligence

Franklin Senior Housing Inc.

990 • Fiscal year 2014 • EIN 27-3561629

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 08, 2015

Organization ProfileN/A
1080 Montreal AvenueSaint Paul, MN 55116

(651) 291-1750

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

54th percentile

0.14x

Higher debt load relative to revenue than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$189,270

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 56.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

$4,472,059

No earlier filing loaded for comparison.

Net Assets

$4,426,908

No earlier filing loaded for comparison.

Liabilities

$45,151

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin16th percentile

Revenue

$334,138

No earlier filing loaded for comparison.

Expenses

$383,349

No earlier filing loaded for comparison.

Net Income

-$49,211

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2014: $4,472,059Liabilities 2014: $45,151Net Assets 2014: $4,426,9082014Assets 2015: $4,384,109Liabilities 2015: $52,070Net Assets 2015: $4,332,0392015Assets 2016: $4,286,326Liabilities 2016: $22,114Net Assets 2016: $4,264,2122016Assets 2017: $4,210,692Liabilities 2017: $22,174Net Assets 2017: $4,188,5182017Assets 2018: $4,118,727Liabilities 2018: $23,570Net Assets 2018: $4,095,1572018Assets 2019: $4,021,510Liabilities 2019: $27,694Net Assets 2019: $3,993,8162019Assets 2020: $3,936,315Liabilities 2020: $28,763Net Assets 2020: $3,907,5522020Assets 2021: $3,836,552Liabilities 2021: $42,518Net Assets 2021: $3,794,0342021Assets 2022: $3,780,496Liabilities 2022: $87,347Net Assets 2022: $3,693,1492022Assets 2023: $3,667,964Liabilities 2023: $94,582Net Assets 2023: $3,573,3822023Assets 2024: $3,600,963Liabilities 2024: $159,024Net Assets 2024: $3,441,9392024

Highlighted filing

2014

Assets$4,472,059
Liabilities$45,151
Net Assets$4,426,908
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2014: $334,138Expenses 2014: $383,349Net Income 2014: -$49,2112014Revenue 2015: $182,391Expenses 2015: $277,260Net Income 2015: -$94,8692015Revenue 2016: $218,958Expenses 2016: $286,785Net Income 2016: -$67,8272016Revenue 2017: $195,613Expenses 2017: $271,307Net Income 2017: -$75,6942017Revenue 2018: $200,753Expenses 2018: $294,114Net Income 2018: -$93,3612018Revenue 2019: $202,823Expenses 2019: $304,164Net Income 2019: -$101,3412019Revenue 2020: $202,745Expenses 2020: $289,009Net Income 2020: -$86,2642020Revenue 2021: $197,934Expenses 2021: $311,452Net Income 2021: -$113,5182021Revenue 2022: $208,467Expenses 2022: $309,352Net Income 2022: -$100,8852022Revenue 2023: $223,134Expenses 2023: $342,901Net Income 2023: -$119,7672023Revenue 2024: $239,568Expenses 2024: $371,011Net Income 2024: -$131,4432024

Highlighted filing

2014

Revenue$334,138
Expenses$383,349
Net Income-$49,211
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 8, 2015
Return Version
2014v5.0
Gross Receipts
$334,138
Mission and Program Overview

Mission

To promote the welfare of senior citizens in the franklin community through an affordable apartment building.

To provide housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,357,158$4,254,597▼ $102,561
Cash and Non-Interest-Bearing Accounts$13,315$16,684▲ $3,369
Prepaid Expenses and Deferred Charges$4,363$9,690▲ $5,327
Savings and Temporary Cash Investments$9,683$9,399▼ $284
Accounts Receivable$760,678$1,379▼ $759,299
Total Assets$5,190,506$4,472,059▼ $718,447
Other Assets Total$45,309$180,310▲ $135,001
Liabilities
Other Liabilities$34,412$34,115▼ $297
Accounts Payable and Accrued Expenses$679,690$10,426▼ $669,264
Deferred Revenue$285$610▲ $325
Total Liabilities$714,387$45,151▼ $669,236
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,515,200$4,407,500▼ $107,700
Unrestricted Net Assets$-39,081$19,408▲ $58,489
Total Net Assets Fund Balance$4,476,119$4,426,908▼ $49,211
Total Liabilities and Net Assets / Fund Balance$5,190,506$4,472,059▼ $718,447

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,835,300$136,532$3,971,832
Land$379,729-$379,729
Equipment$39,568$9,903$49,471
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Anne Elise TschidaPresident
George LangVice President
Jim SolemDirector
John SchwabDirector
Kevin MyrenCFO & VP of Administration
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$334,010
Investment Income
$128
Other Revenue
$0
Change in Net Assets
$-49,211

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,138
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$334,138
Total Revenue per Form 990
$334,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$383,349
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$106,498--$106,498
Fees for Services Legal$28,251--$28,251
Occupancy$25,262--$25,262
Fees for Services Management$19,177--$19,177
Office Expenses$10,323--$10,323
Insurance$9,350--$9,350
Other Expenses$7,590--$7,590
Fees for Services Accounting$6,934--$6,934
Advertising$518--$518
All Other Expenses$254--$254
Total Functional Expenses$383,349$0$0$383,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$383,349
Total Expenses per Audited Statements$383,349
Total Expenses per Form 990$383,349
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Commnbons - Minimum Capital Investmetn$25,000
Tenant Security Deposits$9,115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Control over management duties was delegated to commonbond communities, a related organization.”

Form 990, Part VI, Section B, Line 11

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“The board members have the documents, and make them available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Senior Housing
EIN
27-3561629
Phone
6512911750
Address
1080 MONTREAL AVENUE, SAINT PAUL, MN 55116

Signing Officer

Name
Kevin Myren
Title
CFO & VP of Administration
Phone
6512911750
Signed
2015-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Myren
Formed
2012
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
30 EAST PLATO BOULEVARD, SAINT PAUL, MN 55107-1809
Preparer
Thomas R Johnson
Phone
6512276695
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is not currently under examination by any taxing jurisdiction. Federal and state tax authorities generally have the right to examine the current and prior three years of income tax returns.”

Raw XML AppendixShowing 400 of 446 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0379729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0379729
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09115
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO COMMNBONS - MINIMUM CAPITAL INVESTMETN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0334138
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS OF INCOME TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04254597
IRS990ScheduleD/TotalExpensesPerForm990Amt0383349
IRS990ScheduleD/TotalLiabilityAmt034115
IRS990ScheduleD/TotalRevenuePerForm990Amt0334138
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0334138
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0383349
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0182604
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06666
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN MYREN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO & VP OF ADMINISTRATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0189270
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTROL OVER MANAGEMENT DUTIES WAS DELEGATED TO COMMONBOND COMMUNITIES, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS HAVE THE DOCUMENTS, AND MAKE THEM AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0COMMONBOND COMMUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMONBOND COMMUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411260469
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDING HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01080 MONTREAL AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055116
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0146536
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FORGIVENESS-CONSTRUCTION PAYABLES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COMMONBOND COMMUNITIES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04515200
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04407500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05190506
IRS990/TotalAssetsEOYAmt04472059
IRS990/TotalAssetsGrp/BOYAmt05190506
IRS990/TotalAssetsGrp/EOYAmt04472059
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0383349
IRS990/TotalFunctionalExpensesGrp/TotalAmt0383349
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0714387
IRS990/TotalLiabilitiesEOYAmt045151
IRS990/TotalLiabilitiesGrp/BOYAmt0714387
IRS990/TotalLiabilitiesGrp/EOYAmt045151
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04476119
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04426908
IRS990/TotalOtherCompensationAmt06666
IRS990/TotalProgramServiceExpensesAmt0383349
IRS990/TotalProgramServiceRevenueAmt0334010
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0128
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0334010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0334138
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,472,059
Liabilities
$45,151
Net assets
$4,426,908
Revenue
$334,138
Expenses
$383,349
Net income
-$49,211
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.16$3.44$0.24$0.37$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.09$3.57$0.22$0.34$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$0.09$3.69$0.21$0.31$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$0.04$3.79$0.20$0.31$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.03$3.91$0.20$0.29$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$0.03$3.99$0.20$0.30$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$0.02$4.10$0.20$0.29$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.21$0.02$4.19$0.20$0.27$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.29$0.02$4.26$0.22$0.29$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.05$4.33$0.18$0.28$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.47$0.05$4.43$0.33$0.38$0.05