Civic Intelligence

Franklin Housing Collaborative

990 • Fiscal year 2021 • EIN 47-0901382

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 12, 2022

Organization ProfileN/A
200 Spring StreetFranklin, TN 37064

(615) 794-1247

Siviq Scores

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

Liabilities / Assets

79th percentile

0.48x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

2.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

32nd percentile

3.6%

Higher net margin than 32% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$251,920

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

56th percentile

12%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$5,842,273

Up $632,641 (+12%) from 2020

Net Assets

Down

$3,028,665

Down $24,484 (-0.8%) from 2020

Liabilities

Up

$2,813,608

Up $657,125 (+30%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin32nd percentile

Revenue

Down

$1,198,317

Down $889,736 (-43%) from 2020

Expenses

Up

$1,155,766

Up $338,849 (+41%) from 2020

Net Income

Down

$42,551

Down $1,228,585 (-97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2021

Assets$5,842,273
Liabilities$2,813,608
Net Assets$3,028,665
Open 2021 Filing

Operations Trend

Revenue Growth5th 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

2021

Revenue$1,198,317
Expenses$1,155,766
Net Income$42,551
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 12, 2022
Return Version
2021v4.1
Gross Receipts
$1,503,217
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

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 self-improvement and self-sufficiency through education, instruction and guidance

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,841,790$3,364,672▲ $1,522,882
Accounts Receivable$2,093,553$1,114,431▼ $979,122
Cash and Non-Interest-Bearing Accounts$446,091$878,631▲ $432,540
Prepaid Expenses and Deferred Charges$11,584--
Savings and Temporary Cash Investments$0--
Total Assets$5,209,632$5,842,273▲ $632,641
Other Assets Total$816,614$484,539▼ $332,075
Liabilities
Mortgage Notes Payable Secured by Investment Property$927,500$2,128,750▲ $1,201,250
Other Liabilities$653,730$384,042▼ $269,688
Accounts Payable and Accrued Expenses$573,906$297,534▼ $276,372
Deferred Revenue$1,347$3,282▲ $1,935
Total Liabilities$2,156,483$2,813,608▲ $657,125
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,006,234$2,981,750▼ $24,484
Net Assets With Donor Restrictions$46,915$46,915→ $0
Total Net Assets Fund Balance$3,053,149$3,028,665▼ $24,484
Total Liabilities and Net Assets / Fund Balance$5,209,632$5,842,273▲ $632,641

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,959,004$523,585-
Other Land Buildings$201,107--
Land$178,814--
Equipment$25,747$65,028-
Other Assets Org$25,689--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Derwin JacksonPresident/CEOPT$251,920$251,920

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$134,927
Program Service Revenue
$1,014,567
Investment Income
$48,183
Other Revenue
$640
All Other Contributions
$1,000
Change in Net Assets
$42,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$756,413
Other Expenses$399,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$467,635$0$0$467,635
Other Expenses$100,949$17,815$0$118,764
Current Officers, Directors, Trustees, and Key Employees$0$94,585$0$94,585
Depreciation Depletion$73,958$13,051$0$87,009
Other Employee Benefits$63,093$11,134$0$74,227
Pension Plan Contributions$51,970$9,171$0$61,141
Payroll Taxes$50,001$8,824$0$58,825
Fees for Services Accounting$36,375$6,419$0$42,794
Office Expenses$16,370$24,554$0$40,924
Fees for Services Other$18,469$3,259$0$21,728
Insurance$16,611$2,931$0$19,542
Fees for Services Management$0$11,011$0$11,011
Travel$2,207$3,310$0$5,517
Information Technology$2,812$496$0$3,308
Fees for Services Legal$472$83$0$555
Total Functional Expenses$942,470$213,296$0$1,155,766
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)$373,492
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
200 SPRING STREET, FRANKLIN, TN 37064

Signing Officer

Name
Derwin Jackson
Title
President/CEO
Phone
6157941247
Signed
2022-11-12
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 $67,035 transfer of rad pbv funds from franklin housing collaborative to spring johnson, lp, an affiliated organization of fhc.”

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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08824
IRS990/PayrollTaxesGrp/ProgramServicesAmt050001
IRS990/PayrollTaxesGrp/TotalAmt058825
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09171
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt051970
IRS990/PensionPlanContributionsGrp/TotalAmt061141
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011584
IRS990/PrincipalOfficerNm0DERWIN JACKSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
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IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0NON-TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3MAINTENANCE LABOR FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0167162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1240571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2340755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3266079
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-23038
IRS990/PYOtherExpensesAmt0416391
IRS990/PYOtherRevenueAmt04430
IRS990/PYProgramServiceRevenueAmt02105161
IRS990/PYRevenuesLessExpensesAmt01271136
IRS990/PYSalariesCompEmpBnftPaidAmt0400526
IRS990/PYTotalExpensesAmt0816917
IRS990/PYTotalRevenueAmt02088053
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt042551
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RelatedOrganizationsAmt0133927
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01063390
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0134927
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0228770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0604984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01015845
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0228770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0604984
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045664
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01015845
IRS990ScheduleA/TotalSupportAmt01015850
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02959004
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0523585
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03482589
IRS990ScheduleD/EquipmentGrp/BookValueAmt025747
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065028
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt090775
IRS990ScheduleD/LandGrp/BookValueAmt0178814
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0178814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0458850
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125689
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AFFORDABLE HOUSING UNITS HELD FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1AMOUNTS DUE FROM RELATED ORGANIZATION (FRANKLIN HSG AUTHORITY)
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0201107
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0201107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1373492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE DUE TO RELATED ORGANIZATION (FRANKLIN HSG AUTHORITY)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03364672
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0484539
IRS990ScheduleD/TotalLiabilityAmt0384042
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0213763
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024592
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERWIN JACKSON
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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 $67,035 TRANSFER OF RAD PBV FUNDS FROM FRANKLIN HOUSING COLLABORATIVE TO SPRING JOHNSON, LP, AN AFFILIATED ORGANIZATION OF FHC.
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
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,842,273
Liabilities
$2,813,608
Net assets
$3,028,665
Revenue
$1,198,317
Expenses
$1,155,766
Net income
$42,551
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