Civic Intelligence

Franklin Housing Collaborative

990 • Fiscal year 2020 • EIN 47-0901382

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileN/A
100 Spring StreetFranklin, TN 37065

(615) 794-1247

Siviq Scores

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

Liabilities / Assets

71st percentile

0.41x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

1.03x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

84th percentile

$249,347

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.0%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

66%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$5,209,632

Down $106,412 (-2.0%) from 2019

Net Assets

Down

$3,053,149

Down $288,864 (-8.6%) from 2019

Liabilities

Up

$2,156,483

Up $182,452 (+9.2%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin93rd percentile

Revenue

Up

$2,088,053

Up $832,374 (+66%) from 2019

Expenses

Up

$816,917

Up $118,882 (+17%) from 2019

Net Income

Up

$1,271,136

Up $713,492 (+128%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $142,595Net Assets 2012: $142,5952012Assets 2013: $199,802Net Assets 2013: $199,8022013Assets 2014: $313,541Liabilities 2014: $15,187Net Assets 2014: $298,3542014Assets 2015: $486,456Liabilities 2015: $25,171Net Assets 2015: $461,2852015Assets 2016: $769,856Liabilities 2016: $16,222Net Assets 2016: $753,6342016Assets 2017: $1,569,666Liabilities 2017: $886,729Net Assets 2017: $682,9372017Assets 2018: $4,636,707Liabilities 2018: $1,430,038Net Assets 2018: $3,206,6692018Assets 2019: $5,316,044Liabilities 2019: $1,974,031Net Assets 2019: $3,342,0132019Assets 2020: $5,209,632Liabilities 2020: $2,156,483Net Assets 2020: $3,053,1492020Assets 2021: $5,842,273Liabilities 2021: $2,813,608Net Assets 2021: $3,028,6652021Assets 2022: $4,704,285Liabilities 2022: $1,419,276Net Assets 2022: $3,285,0092022Assets 2023: $4,120,846Liabilities 2023: $1,105,629Net Assets 2023: $3,015,2172023Assets 2024: $5,425,015Liabilities 2024: $1,606,980Net Assets 2024: $3,818,0352024

Highlighted filing

2020

Assets$5,209,632
Liabilities$2,156,483
Net Assets$3,053,149
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $66,135Expenses 2012: $3,198Net Income 2012: $62,9372012Revenue 2013: $69,902Expenses 2013: $12,695Net Income 2013: $57,2072013Revenue 2014: $147,859Expenses 2014: $49,307Net Income 2014: $98,5522014Revenue 2015: $282,813Expenses 2015: $111,388Net Income 2015: $171,4252015Revenue 2016: $606,862Expenses 2016: $314,513Net Income 2016: $292,3492016Revenue 2017: $399,315Expenses 2017: $470,012Net Income 2017: -$70,6972017Revenue 2018: $3,022,244Expenses 2018: $498,512Net Income 2018: $2,523,7322018Revenue 2019: $1,255,679Expenses 2019: $698,035Net Income 2019: $557,6442019Revenue 2020: $2,088,053Expenses 2020: $816,917Net Income 2020: $1,271,1362020Revenue 2021: $1,198,317Expenses 2021: $1,155,766Net Income 2021: $42,5512021Revenue 2022: $1,183,611Expenses 2022: $1,170,676Net Income 2022: $12,9352022Revenue 2023: $1,256,391Expenses 2023: $1,476,185Net Income 2023: -$219,7942023Revenue 2024: $1,694,553Expenses 2024: $2,168,826Net Income 2024: -$474,2732024

Highlighted filing

2020

Revenue$2,088,053
Expenses$816,917
Net Income$1,271,136
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$2,255,003
Mission and Program Overview

Mission

Our mission is to promote affordable/workforce housing to various income levels and provide assistance to low-income individuals to impart better life, social, economic and personal skills to foster

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$194,831$2,093,553▲ $1,898,722
Land, Buildings, and Equipment, Net$1,921,234$1,841,790▼ $79,444
Cash and Non-Interest-Bearing Accounts$284,029$446,091▲ $162,062
Savings and Temporary Cash Investments$425,250$0▼ $425,250
Prepaid Expenses and Deferred Charges-$11,584-
Total Assets$5,316,044$5,209,632▼ $106,412
Other Assets Total$2,490,700$816,614▼ $1,674,086
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,080,185$927,500▼ $152,685
Other Liabilities$825,726$653,730▼ $171,996
Accounts Payable and Accrued Expenses$64,676$573,906▲ $509,230
Deferred Revenue$3,444$1,347▼ $2,097
Total Liabilities$1,974,031$2,156,483▲ $182,452
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,295,098$3,006,234▼ $288,864
Net Assets With Donor Restrictions$46,915$46,915→ $0
Total Net Assets Fund Balance$3,342,013$3,053,149▼ $288,864
Total Liabilities and Net Assets / Fund Balance$5,316,044$5,209,632▼ $106,412

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,743,433$447,347-
Other Land Buildings$29,970--
Land$38,814--
Equipment$29,573$54,264-
Other Assets Org$52,864--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derwin JacksonPresident/CEOPT$54,831$194,516$249,347
Derwin Jackson--$54,831$7,774$62,605

Board Members and Trustees

NameTitle
Scott BlackChairman
Darlene MortonVice-chairperson
Bob BarrettDirector
Donnell LaneDirector
Ethel ScruggsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500
Program Service Revenue
$2,105,161
Investment Income
$-23,038
Other Revenue
$4,430
All Other Contributions
$1,500
Change in Net Assets
$1,271,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,391
Salaries, Compensation, and Employee Benefits$400,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$206,215$36,391$0$242,606
Other Expenses$92,344$16,296$0$108,640
Depreciation Depletion$74,722$13,186$0$87,908
Current Officers, Directors, Trustees, and Key Employees$46,606$8,225$0$54,831
Fees for Services Accounting$34,213$6,037$0$40,250
Other Employee Benefits$33,493$5,911$0$39,404
Office Expenses$31,526$5,563$0$37,089
Pension Plan Contributions$27,588$4,869$0$32,457
Payroll Taxes$26,544$4,684$0$31,228
Interest$19,772$3,489$0$23,261
Fees for Services Other$19,428$3,428$0$22,856
Insurance$10,780$1,902$0$12,682
Fees for Services Management$8,920$1,574$0$10,494
Travel$2,049$362$0$2,411
Fees for Services Legal$517$91$0$608
Total Functional Expenses$694,380$122,537$0$816,917
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
Notes Payable Due to Related Organization (franklin Hsg Authority)$643,180
Security Deposit Liability$10,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Filing and Contact Details

Filer

Filer Name
Franklin Housing Collaborative
EIN
47-0901382
Phone
6157941247
Address
100 SPRING STREET, FRANKLIN, TN 37065

Signing Officer

Name
Derwin Jackson
Title
President/CEO
Phone
6157941247
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derwin Jackson
Formed
2004
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Henderson & Pilleteri LLC
Address
200 CHASE PARK SOUTH, BIRMINGHAM, AL 35244
Preparer
Ben Pilleteri
Phone
2059820992
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Michael lloyd, fee accountant read the draft 990 and supporting schedules provided by the cpa and traced amounts to the organization's accounting records. Any differences were discussed with the cpa to ensure the accuracy of the 990. All questions and disclosures were verified by the fee accountant during his review. Also, each board member receives, reviews, and approves the 990.”

Pt VI, Line 8A

“The organization documents the meetings held and actions taken by the board of directors during the year and maintains on file, copies of these documents.”

Pt VI, Line 12C

“Annual memos are distributed to document compliance for the year.”

Pt VI, Line 19

“Upon written request, the organization will make available the governing documents, policies and/or financial statements.”

Pt VII, Col (E)

“Related organization (franklin housing authority) was related to the organization for the entire year. The executive director of the organization is also the executive director of the franklin housing authority.”

Pt VII, Col (F)

“Related organization (franklin housing authority) was related to the organization for the entire year. Other compensation is composed of employer contributions to a qualified retirement plan as well as various nontaxable health benefits.”

Pt XI

“Other changes in net assets includes a $1,560,000 special item for a noncash capital contribution provided by franklin housing collaborative to spring johnson, lp where franklin housing collaborative did not receive any equity consideration in return.”

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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036391
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0206215
IRS990/OtherSalariesAndWagesGrp/TotalAmt0242606
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04684
IRS990/PayrollTaxesGrp/ProgramServicesAmt026544
IRS990/PayrollTaxesGrp/TotalAmt031228
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04869
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027588
IRS990/PensionPlanContributionsGrp/TotalAmt032457
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011584
IRS990/PrincipalOfficerNm0DERWIN JACKSON
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0NON-TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3MAINTENANCE LABOR FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0140579
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1268420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3242345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41424594
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0335124
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0340534
IRS990/PYOtherRevenueAmt018487
IRS990/PYProgramServiceRevenueAmt0902068
IRS990/PYRevenuesLessExpensesAmt0557644
IRS990/PYSalariesCompEmpBnftPaidAmt0357501
IRS990/PYTotalExpensesAmt0698035
IRS990/PYTotalRevenueAmt01255679
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01271136
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01482972
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0425250
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0228770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0604984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt045664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0108862
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0989780
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.97710
IRS990ScheduleA/PublicSupportTotal170Amt0989780
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0228770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0604984
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt045664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0108862
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0989780
IRS990ScheduleA/TotalSupportAmt0989785
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01743433
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0447347
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02190780
IRS990ScheduleD/EquipmentGrp/BookValueAmt029573
IRS990ScheduleD/EquipmentGrp/DepreciationAmt054264
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt083837
IRS990ScheduleD/LandGrp/BookValueAmt038814
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt038814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0763750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt10
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt252864
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AFFORDABLE HOUSING UNITS HELD FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NON-CASH CAPITAL CONTRIBUTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2AMOUNTS DUE FROM RELATED ORGANIZATION (FRANKLIN HSG AUTHORITY)
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029970
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt029970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1643180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE DUE TO RELATED ORGANIZATION (FRANKLIN HSG AUTHORITY)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01841790
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0816614
IRS990ScheduleD/TotalLiabilityAmt0653730
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt054831
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0157040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06243
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018349
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt01531
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04593
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt06760
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERWIN JACKSON
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0186742
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL LLOYD, FEE ACCOUNTANT READ THE DRAFT 990 AND SUPPORTING SCHEDULES PROVIDED BY THE CPA AND TRACED AMOUNTS TO THE ORGANIZATION'S ACCOUNTING RECORDS. ANY DIFFERENCES WERE DISCUSSED WITH THE CPA TO ENSURE THE ACCURACY OF THE 990. ALL QUESTIONS AND DISCLOSURES WERE VERIFIED BY THE FEE ACCOUNTANT DURING HIS REVIEW. ALSO, EACH BOARD MEMBER RECEIVES, REVIEWS, AND APPROVES THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOCUMENTS THE MEETINGS HELD AND ACTIONS TAKEN BY THE BOARD OF DIRECTORS DURING THE YEAR AND MAINTAINS ON FILE, COPIES OF THESE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL MEMOS ARE DISTRIBUTED TO DOCUMENT COMPLIANCE FOR THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE THE GOVERNING DOCUMENTS, POLICIES AND/OR FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RELATED ORGANIZATION (FRANKLIN HOUSING AUTHORITY) WAS RELATED TO THE ORGANIZATION FOR THE ENTIRE YEAR. THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS ALSO THE EXECUTIVE DIRECTOR OF THE FRANKLIN HOUSING AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RELATED ORGANIZATION (FRANKLIN HOUSING AUTHORITY) WAS RELATED TO THE ORGANIZATION FOR THE ENTIRE YEAR. OTHER COMPENSATION IS COMPOSED OF EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN AS WELL AS VARIOUS NONTAXABLE HEALTH BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER CHANGES IN NET ASSETS INCLUDES A $1,560,000 SPECIAL ITEM FOR A NONCASH CAPITAL CONTRIBUTION PROVIDED BY FRANKLIN HOUSING COLLABORATIVE TO SPRING JOHNSON, LP WHERE FRANKLIN HOUSING COLLABORATIVE DID NOT RECEIVE ANY EQUITY CONSIDERATION IN RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VII, Col (E)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VII, Col (F)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,209,632
Liabilities
$2,156,483
Net assets
$3,053,149
Revenue
$2,088,053
Expenses
$816,917
Net income
$1,271,136
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$1.61$3.82$1.69$2.17$0.47
2023Detailed filing. Detailed filing data is available for this year.$4.12$1.11$3.02$1.26$1.48$0.22
2022Detailed filing. Detailed filing data is available for this year.$4.70$1.42$3.29$1.18$1.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$5.84$2.81$3.03$1.20$1.16$0.04
2020Detailed filing. Detailed filing data is available for this year.$5.21$2.16$3.05$2.09$0.82$1.27
2019Detailed filing. Detailed filing data is available for this year.$5.32$1.97$3.34$1.26$0.70$0.56
2018Detailed filing. Detailed filing data is available for this year.$4.64$1.43$3.21$3.02$0.50$2.52
2017Detailed filing. Detailed filing data is available for this year.$1.57$0.89$0.68$0.40$0.47$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.02$0.75$0.61$0.31$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.03$0.46$0.28$0.11$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.02$0.30$0.15$0.05$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.20$0.07$0.01$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.07$0.00$0.06