Civic Intelligence

Franklin County Residential Services Inc

990 • Fiscal year 2018 • EIN 31-1033368

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 19, 2019

445 E Dublin-Granville Rd Bldg GWorthington, OH 43085-3192

(614) 844-3800

Siviq Scores

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

Liabilities / Assets

38th percentile

0.11x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.26x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

20th percentile

-6.1%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$269,145

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

14th percentile

-7.5%

Faster asset growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2018

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2018

Assets

Down

$14,583,647

Down $2,472,776 (-14%) from 2016

Net Assets

Down

$12,913,572

Down $579,744 (-4.3%) from 2016

Liabilities

Down

$1,670,075

Down $1,893,032 (-53%) from 2016

Revenue

Down

$6,392,265

Down $15,367,904 (-71%) from 2016

Expenses

Down

$6,780,203

Down $14,031,977 (-67%) from 2016

Net Income

Down

-$387,938

Down $1,335,927 (-141%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $14,885,056Liabilities 2010: $4,109,504Net Assets 2010: $10,775,5522010Assets 2011: $16,077,405Liabilities 2011: $4,467,205Net Assets 2011: $11,610,2002011Assets 2012: $16,006,206Liabilities 2012: $4,333,464Net Assets 2012: $11,672,7422012Assets 2013: $15,358,388Liabilities 2013: $3,546,079Net Assets 2013: $11,812,3092013Assets 2014: $15,722,600Liabilities 2014: $3,754,599Net Assets 2014: $11,968,0012014Assets 2015: $15,950,913Liabilities 2015: $3,346,815Net Assets 2015: $12,604,0982015Assets 2016: $17,056,423Liabilities 2016: $3,563,107Net Assets 2016: $13,493,3162016Assets 2018: $14,583,647Liabilities 2018: $1,670,075Net Assets 2018: $12,913,5722018Assets 2019: $14,608,134Liabilities 2019: $1,056,164Net Assets 2019: $13,551,9702019Assets 2020: $16,607,760Liabilities 2020: $2,449,682Net Assets 2020: $14,158,0782020Assets 2021: $17,697,436Liabilities 2021: $2,742,274Net Assets 2021: $14,955,1622021Assets 2022: $17,986,595Liabilities 2022: $4,301,815Net Assets 2022: $13,684,7802022Assets 2023: $17,533,761Liabilities 2023: $3,922,946Net Assets 2023: $13,610,8152023Assets 2024: $25,056,364Liabilities 2024: $10,017,780Net Assets 2024: $15,038,5842024

Highlighted filing

2018

Assets$14,583,647
Liabilities$1,670,075
Net Assets$12,913,572

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $32,761,1542010Expenses 2011: $33,278,4302011Expenses 2012: $34,316,0212012Revenue 2013: $20,499,552Expenses 2013: $20,717,650Net Income 2013: -$218,0982013Revenue 2014: $19,991,231Expenses 2014: $20,086,572Net Income 2014: -$95,3412014Revenue 2015: $20,275,586Expenses 2015: $19,380,272Net Income 2015: $895,3142015Revenue 2016: $21,760,169Expenses 2016: $20,812,180Net Income 2016: $947,9892016Revenue 2018: $6,392,265Expenses 2018: $6,780,203Net Income 2018: -$387,9382018Revenue 2019: $932,883Expenses 2019: $1,152,836Net Income 2019: -$219,9532019Revenue 2020: $1,339,724Expenses 2020: $1,315,419Net Income 2020: $24,3052020Revenue 2021: $2,170,494Expenses 2021: $1,952,004Net Income 2021: $218,4902021Revenue 2022: $3,621,839Expenses 2022: $3,177,793Net Income 2022: $444,0462022Revenue 2023: $1,795,024Expenses 2023: $2,519,609Net Income 2023: -$724,5852023Revenue 2024: $4,333,181Expenses 2024: $3,045,110Net Income 2024: $1,288,0712024

Highlighted filing

2018

Revenue$6,392,265
Expenses$6,780,203
Net Income-$387,938
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 19, 2019
Return Version
2018v3.1
Gross Receipts
$8,441,074
Mission and Program Overview

Mission

Building a world that realizes the boundless potential of all people.

Believing in the power of home, we support people with intellectual and developmental disabilities for life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,086,204$5,653,142▼ $433,062
Investments in Publicly Traded Securities$6,470,533$4,879,206▼ $1,591,327
Cash and Non-Interest-Bearing Accounts$0$2,501,425▲ $2,501,425
Accounts Receivable$1,427,776$1,155,251▼ $272,525
Savings and Temporary Cash Investments$1,479,545$75,319▼ $1,404,226
Prepaid Expenses and Deferred Charges$57,019$36,652▼ $20,367
Inventories for Sale or Use$7,823$0▼ $7,823
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$15,843,561$14,583,647▼ $1,259,914
Other Assets Total$314,661$282,652▼ $32,009
Liabilities
Accounts Payable and Accrued Expenses$1,094,372$1,378,874▲ $284,502
Mortgage Notes Payable Secured by Investment Property$284,789$290,451▲ $5,662
Deferred Revenue$0$750▲ $750
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,379,161$1,670,075▲ $290,914
Net Assets / Fund Balance
Unrestricted Net Assets$14,464,400$12,913,572▼ $1,550,828
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$14,464,400$12,913,572▼ $1,550,828
Total Liabilities and Net Assets / Fund Balance$15,843,561$14,583,647▼ $1,259,914

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,571,206$8,449,692$12,020,898
Other Land Buildings$354,672$1,990,553$2,345,225
Equipment$678,631$1,388,575$2,067,206
Land$1,048,633-$1,048,633

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$431,650-▲ $63,743$234,120$261,162
2014$398,908$672▲ $38,566$2,000$431,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick MaynardCEOFT$236,891$32,254$269,145
Lori SontagCFOFT$154,731$18,661$173,392

Board Members and Trustees

NameTitle
Rick ZarnochChairman
Bill ForquerVice Chair
Anne RalphTrustee
David HodgeTrustee
Doug BatesTrustee
Robert WoodwardTrustee
Sarah UnderhillTrustee
Ronald CalhounTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$43,423
Program Service Revenue
$5,161,347
Investment Income
$977,292
Other Revenue
$210,203
All Other Contributions
$43,423
Change in Net Assets
$-387,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,392,265
Revenue Not Reported on Form 990
$-1,162,890
Total Revenue per Audited Statements
$5,229,375
Total Revenue per Form 990
$6,392,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,774,045
Other Expenses$1,951,015
Grants and Similar Amounts Paid$55,143
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,392,115$156,732-$3,548,847
Depreciation Depletion$530,761$110,495-$641,256
Fees for Services Other$416,213$50,675-$466,888
Other Employee Benefits$426,489$19,706-$446,195
Current Officers, Directors, Trustees, and Key Employees-$442,537-$442,537
Payroll Taxes$321,606$14,860-$336,466
Occupancy-$207,296-$207,296
Information Technology$103,016--$103,016
Advertising$95,085$4,460-$99,545
Travel$13,169$76,511-$89,680
Grants to Domestic Orgs$55,143--$55,143
Fees for Service Investment Mgmnt Fees-$43,522-$43,522
Fees for Services Legal-$33,250-$33,250
Office Expenses-$32,859-$32,859
Conferences and Meetings$25,383--$25,383
Insurance$17,869--$17,869
Interest-$17,854-$17,854
Other Expenses$22,723$-28,131-$-28,131
Total Functional Expenses$5,551,528$1,228,675$0$6,780,203

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,780,203
Total Expenses per Audited Statements$6,780,203
Total Expenses per Form 990$6,780,203
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

The form 990 is reviewed and approved by the organization's executive director and board prior to filing.

FORM 990, PART VI, SECTION B, LINE 15A:

The organization employs the use of an independent compensation study and annual evaluation. The salary of the executive director is then approved by the board. This is not necessary for any of the officers as they do not receive compensation.

FORM 990, PART VI, SECTION C, LINE 18:

The organization's forms 1023 and 990 are available upon request. Further, the organization provided a public inspection copy of the form 990 to another's website, www.guidestar.org.

FORM 990, PART VI, SECTION C, LINE 19:

The aforementioned forms can be viewed upon request.

FORM 990, PART VI, SECTION B, LINE 12C:

Board members and key staff are required to sign a disclosure each year.

Filing and Contact Details

Filer

Filer Name
Franklin Management Resources Inc
EIN
31-1033368
In Care Of
% LORI SONTAG
Phone
6148443800
Address
445 E Dublin-Granville Rd Bldg G, WORTHINGTON, OH 43085-3192

Signing Officer

Name
Patrick Maynard Phd
Title
CFO
Phone
6148443800
Signed
2019-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Maynard Phd
Formed
1980
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
83
Volunteers
8

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
David M Reape CPA
Phone
2168311200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in beneficial interest in assets held by others: ($23,743)

Form 990, Page 1, Box C

As of april 17, 2018 the organization is operating as franklin management resources, inc. Formerly known as franklin county residential services, inc.

Financial Statement Notes

PART X, LINE 2:

The organization adopted the provisions of the fasb accounting standards codification relating to uncertain tax positions. The organization does not believe its financial statements include any uncertain tax positions. With few exceptions, the organization is no longer subject to u.s. Federal or state and local tax examinations by tax authorities for years before 2011.

Part V, Line 4

During the tax year endowment funds were transfered to the related organization 'i am boundless' ein 90-0817260. Endowment funds will be used for the related organizations program and mission.

Part XI, Line 4B

Change in beneficial interst in assets held by others.........($23,743)

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OccupancyGrp/TotalAmt0207296
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032859
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0314661
IRS990/OtherAssetsTotalGrp/EOYAmt0282652
IRS990/OtherChangesInNetAssetsAmt0-23743
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019706
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0426489
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0446195
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IRS990/OtherExpensesGrp/Desc1OFFSITE DAY PROGRAM
IRS990/OtherExpensesGrp/Desc2RESIDENTIAL PROGRAM SERVICES
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt046049
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1-28131
IRS990/OtherExpensesGrp/ProgramServicesAmt0131956
IRS990/OtherExpensesGrp/ProgramServicesAmt122723
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IRS990/OtherExpensesGrp/TotalAmt146049
IRS990/OtherExpensesGrp/TotalAmt222723
IRS990/OtherExpensesGrp/TotalAmt3-28131
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0156732
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03392115
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014860
IRS990/PayrollTaxesGrp/ProgramServicesAmt0321606
IRS990/PayrollTaxesGrp/TotalAmt0336466
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057019
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036652
IRS990/PrincipalOfficerNm0PATRICK MAYNARD PHD
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05161347
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IRS990/PYContributionsGrantsAmt011619
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0500167
IRS990/PYInvestmentIncomeAmt0362779
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03040345
IRS990/PYOtherRevenueAmt0810200
IRS990/PYProgramServiceRevenueAmt013678834
IRS990/PYRevenuesLessExpensesAmt01148795
IRS990/PYSalariesCompEmpBnftPaidAmt010174125
IRS990/PYTotalExpensesAmt013714637
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014863432
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-387938
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05161346
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01479545
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075319
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt011618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt046478
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt027305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt054521
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0183345
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0141547
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt013678834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt019978935
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt019812843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt080170279
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0133653
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0120638
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0141547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0111368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0633608
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$10.0$15.0$4.33$3.05$1.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$3.92$13.6$1.80$2.52$0.72
2022Detailed filing. Detailed filing data is available for this year.$18.0$4.30$13.7$3.62$3.18$0.44
2021Detailed filing. Detailed filing data is available for this year.$17.7$2.74$15.0$2.17$1.95$0.22
2020Detailed filing. Detailed filing data is available for this year.$16.6$2.45$14.2$1.34$1.32$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$1.06$13.6$0.93$1.15$0.22
2018Detailed filing. Detailed filing data is available for this year.$14.6$1.67$12.9$6.39$6.78$0.39
2016Detailed filing. Detailed filing data is available for this year.$17.1$3.56$13.5$21.8$20.8$0.95
2015Detailed filing. Detailed filing data is available for this year.$16.0$3.35$12.6$20.3$19.4$0.90
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$3.75$12.0$20.0$20.1$0.10
2013Detailed filing. Detailed filing data is available for this year.$15.4$3.55$11.8$20.5$20.7$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$4.33$11.7$34.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$4.47$11.6$33.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$4.11$10.8$32.8