Civic Intelligence

Franklin Senior Housing Inc.

990 • Fiscal year 2017 • EIN 27-3561629

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 14, 2018

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

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

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

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

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

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

91st percentile

$215,067

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 109.9% of source-year revenue.

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

Asset Growth

31st percentile

-1.8%

Faster asset growth than 31% of similar nonprofits.

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

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

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

Assets

Down

$4,210,692

Down $75,634 (-1.8%) from 2016

Net Assets

Down

$4,188,518

Down $75,694 (-1.8%) from 2016

Liabilities

Up

$22,174

Up $60 (+0.3%) from 2016

Revenue

Down

$195,613

Down $23,345 (-11%) from 2016

Expenses

Down

$271,307

Down $15,478 (-5.4%) from 2016

Net Income

Down

-$75,694

Down $7,867 (-12%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$4,210,692
Liabilities$22,174
Net Assets$4,188,518

Operations Trend

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

2017

Revenue$195,613
Expenses$271,307
Net Income-$75,694
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 14, 2018
Return Version
2017v2.2
Gross Receipts
$195,613
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$4,042,623$3,940,545▼ $102,078
Cash and Non-Interest-Bearing Accounts$17,783$28,111▲ $10,328
Savings and Temporary Cash Investments$9,870$10,084▲ $214
Accounts Receivable$249$1,166▲ $917
Prepaid Expenses and Deferred Charges$755$654▼ $101
Total Assets$4,286,326$4,210,692▼ $75,634
Other Assets Total$215,046$230,132▲ $15,086
Liabilities
Accounts Payable and Accrued Expenses$12,504$10,939▼ $1,565
Other Liabilities$9,094$9,887▲ $793
Deferred Revenue$516$1,348▲ $832
Total Liabilities$22,114$22,174▲ $60
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,407,500$4,407,500→ $0
Unrestricted Net Assets$-143,288$-218,982▼ $75,694
Total Net Assets Fund Balance$4,264,212$4,188,518▼ $75,694
Total Liabilities and Net Assets / Fund Balance$4,286,326$4,210,692▼ $75,634

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,539,107$434,616$3,973,723
Land$379,729-$379,729
Equipment$21,709$27,762$49,471
Other Assets Org$21,470--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne Elise TschidaPresident
Kevin MyrenExecutive Vice President
George LangVice President
Aliya MaseelallDirector
John SchwabDirector
Jim SolemSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$195,092
Investment Income
$521
Other Revenue
$0
Change in Net Assets
$-75,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$195,613
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$195,613
Total Revenue per Form 990
$195,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,307
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$103,969--$103,969
Occupancy$19,325--$19,325
Fees for Services Management$17,069--$17,069
Office Expenses$10,806--$10,806
Insurance$8,419--$8,419
Fees for Services Accounting$6,634--$6,634
Other Expenses$5,400--$5,400
Advertising$404--$404
All Other Expenses$111--$111
Fees for Services Legal$14--$14
Total Functional Expenses$271,307$0$0$271,307

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$271,307
Total Expenses per Audited Statements$271,307
Total Expenses per Form 990$271,307
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
Tenant Security Deposits$9,887
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 11B

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
Executive Vice President
Phone
6512911750
Signed
2018-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Myren
Formed
2012
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Thomas R Johnson
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990, Page 12 Line 2C

This process has not changed from prior years.

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. The corporation did not have any unrelated business income or uncertain tax positions in 2017 or 2016.

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0218626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0182107
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0334010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04589887
IRS990ScheduleA/Total509Grp/TotalAmt05519722
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0195613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0218958
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0182391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0334138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04589932
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05521032
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03539107
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0434616
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03973723
IRS990ScheduleD/EquipmentGrp/BookValueAmt021709
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027762
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt049471
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0271307
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0379729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0379729
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013966
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1194696
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221470
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0195613
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. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME OR UNCERTAIN TAX POSITIONS IN 2017 OR 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03940545
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0230132
IRS990ScheduleD/TotalExpensesPerForm990Amt0271307
IRS990ScheduleD/TotalLiabilityAmt09887
IRS990ScheduleD/TotalRevenuePerForm990Amt0195613
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0195613
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0271307
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/CompensationBasedOnRltdOrgsAmt0200965
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN MYREN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0215067
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/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 12 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/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04407500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04407500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04286326
IRS990/TotalAssetsEOYAmt04210692
IRS990/TotalAssetsGrp/BOYAmt04286326
IRS990/TotalAssetsGrp/EOYAmt04210692
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

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
2017Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.47$0.05$4.43$0.33$0.38$0.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits